"big data makes cities smarter" chapter 12. Your case study should be in your own words SUPPORT: Do significant research outside of the book and demonstrate that you have in a very obvious way. This refers to research beyond article itself. This involves something about the company/organization/individual or other interesting related area. Show something you have discovered from your own research. Be sure this is obvious and adds value beyond what is contained in the case itself.
In: Accounting
Microsoft Canada has asked you to critically evaluate their branding and positioning of the surface line of products. How can the company capitalize on the innovation of their products such that they differentiate themselves from their competitors? In your recommendation, you might consider strategies to differentiate each individual product within the surface line, identify target markets and best ways to reach them, and recommend creative solutions to propel the Surface line of products to become the laptop of choice within its respective competitive space.
In: Economics
venue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,680. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,990. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,450. Post revenue and collections to the accounts receivable subsidiary ledger. Apr. 15. Received cash from Pinecrest Co. for the balance owed on April 1. Apr. 16. Issued Invoice No. 796 to Pinecrest Co., $5,500. Post revenue and collections to the accounts receivable subsidiary ledger. Apr. 19. Received cash from Ohr Co. for the balance due on invoice of April 2. Apr. 20. Received cash from Pinecrest Co. for balance due on invoice of April 6. Apr. 22. Issued Invoice No. 797 to Mendez Co., $7,470. Apr. 25. Received $3,200 note receivable in partial settlement of the balance due on the Shilo Co. account. Apr. 30. Received cash from fees earned, $12,890. Post revenue and collections to the accounts receivable subsidiary ledger.
1. Insert the following balances in the general ledger as of April 1:
| 11 | Cash | $11,350 |
| 12 | Accounts Receivable | 14,830 |
| 14 | Notes Receivable | 6,000 |
| 41 | Fees Earned | - |
After completing the recording of the transactions in the journals in part 3, total each of the columns of the special journals, and post the individual entries and totals to the general ledger. Insert account balances after the last posting. When posting to the general ledger, post in chronological order. However, if there is more than one entry on the same date, be sure to post transactions from the revenue journal before posting transactions from the cash receipts journal.
If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with “J”, Cash Receipts begin with “CR” and Cash Receipts begins with “R”. For example journal/ Cash Receipts/ Cash Receipts, page 1/36/40 respectively. POST. REF. is simply J1, CR36, and R40.
1)create general ledger
Insert the following balances in the accounts receivable subsidiary ledger as of April 1:
| Mendez Co. | $8,710 |
| Ohr Co. | - |
| Pinecrest Co. | 6,120 |
| Shilo Co. | - |
After completing the recording of the transactions in the journals in part 3, post to the accounts receivable subsidiary ledger, in chronological order and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer's account before recording a cash receipt. If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with “J”, Cash Receipts begin with “CR” and Cash Receipts begins with “R”. For example journal/ Cash Receipts/ Cash Receipts, page 1/36/40 respectively. POST. REF. is simply J1, CR36, and R40.
2) create accounts receivable subsidiary ledger
Prepare a single-column revenue journal (p. 40) and a cash receipts journal (p. 36). Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash fees.
4. Using the two special journals and the two-column general journal (p. 1), journalize the transactions for April. Post to the accounts receivable subsidiary ledger, and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customer’s account before recording a cash receipt.
5. Total each of the columns of the special journals and post the individual entries and totals to the general ledger. Insert account balances after the last posting.
If an amount box does not require an entry, leave it blank.
6) what is the sum of the customer balance?
7)Does the sum of the customer balances agree with the accounts receivable controlling account in the general ledger?
8)Would an automated system omit postings to a controlling account as performed in step 5 for Accounts Receivable?
In: Accounting
4. Individual Problems 17-4
Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for a possible future product and estimates that the reservation value is $200,000. Your dealings on the secondhand market lead you to believe that if you commit to a price of $300,000, there is a 0.4 chance you will be able to sell the machine. If you commit to a price of $400,000, there is a 0.25 chance you will be able to sell the machine. If you commit to a price of $500,000, there is a 0.1 chance you will be able to sell the machine. These probabilities are summarized in the following table.
For each posted price, enter the expected value of attempting to sell the machine at that price. (Hint: Be sure to take into account the value of the machine to your company in the event that you are not be able to sell the machine.)
Posted Price | Probability of Sale | Expected Value |
|---|---|---|
($) | ($) | |
| $500,000 | 0.1 | |
| $400,000 | 0.25 | |
| $300,000 | 0.4 |
Assume you must commit to one posted price.
In order to maximize the expected profit of the potential sale, which posted price would you commit to in order to maximize the expected value of the potential sale of the machine?
$400,000
$500,000
$300,000
In: Economics
There are many times that debt can be advantageous for a company. Provide an example of a company that took on too much debt and what eventually happened. Attach an article and introduce us to why they took on the debt and what happened.
In: Finance
In: Economics
If Columbia's leading narco-insurgent group, the Revolutionary Armed Forces of Columbia (known by its Spanish acronym, the FARC) were planning to attack the US homeland, how would it go about it? What are the major factors that would influence the type of attack the FARC would launch? Who and what would be the most likely targets?
In: Psychology
Analyze a current television or magazine advertisement and answer these questions:
Whose behavior is the ad attempting to influence, and how?
Which important people or objects are there in the ad?
What outcomes are suggested for those who use or do not use the product?
What does the ad tell us about how advertisers attempt to condition the behavior of consumers?
In: Psychology
Your software company was invited to provide a proposal for a company in Australia. You currently have the cost in US dollars and need to convert the prices to the Australian dollar.
Write a 2-part program using Ruby, Java®, or Python.
Part 1: Write a function to gather the following costs from the user:
Part 2: Write a function to convert the costs from United States dollar (USD) to Australian dollar (AUD). Note: Look up the current USD to AUD exchange rate to use in your function.
Test the program 3 times by providing different costs in USD.
In: Computer Science
Early in 2018 Johnson Company was acquired by a new owner who discovered errors in the accounting records. The new owner would like you to analyze the error described and then determine the impact the accounting items listed. Each error should be analyzed separately. Be Sure to indicate the dollar amount or not the error caused the items to be overstated (OS) or Understated (US) or No Effect.
Vacation pay earned in 2017 of 31100 was not accrued in 2017. The vacation pay occurred in 2018 and expensed when paid.
Analysis:
Net Income for the period ending 12/31/2017__________________
Retained Earnings as of 12/31/2017__________________
Working Capital as of 12/31/2017_______________
Net Income for the period ending 12/31/2018________________
Retained Earnings as of 12/31/2018________________________
December 31, 2017 ending inventory was overstated by 50,000
Analysis:
Net Income for the period ending 12/31/2017 _______________
Retained Earnings as of 12/31/2017__________________
Working Capital as of 12/31/2017_________________
Net Income for the period ending 12/31/2018__________________
Retained Earnings as of 12/31/2018_________________
3.At the beginning of 2017 a machine was purchased for total cost of $50,000. The Machine had no salvage value and had a life of 15 years. The bookkeeper accidentally expensed the entire cost of the machine in 2017. Johnson company normally uses straight line depreciation.
Analysis:
Net Income for the period ending 12/31/2017____________________________
Retained Earnings as of 12/31/2017_____________________
Working Capital as of 12/31/2017_____________________
Net Income for the period ending 12/31/2018_____________________
Retained Earnings as of 12/31/2018_______________________
4.At the end of 2017. $30,000 of cash collected in advance for future services was included is Service revenue for the period ending 12/31/2017. The services will be performed equally in 2018 and 2019.
Net Income for the period ending 12/31/2017____________________________
Retained Earnings as of 12/31/2017_____________________
Working Capital as of 12/31/2017_____________________
Net Income for the period ending 12/31/2018_____________________
Retained Earnings as of 12/31/2018_______________________
In: Accounting