Three former college classmates have decided to pool a variety of work experiences by opening a store near campus to sell wireless equipment to students. The business has been incorporated as University Wireless.
Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts that are affected, whether they increase or decrease, and the amount of the increase or decrease.
YOU MUST FOLLOW THE INSTRUCTIONS BELOW. IF YOU DON'T, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMPUTER WILL NOT RECOGNIZE IT AND YOU WILL NOT RECEIVE CREDIT.

- After each transaction description, there are several "Account" submission boxes and corresponding "Amount" submission boxes. To indicate the accounts that you think are affected, choose them from the drop-down menu. But you MUST select them in the order that they are listed in the menu. FOR EXAMPLE, if you think that Cash and Inventory are affected by a particular transaction, you must record the Cash impact first and the Inventory impact second because that is the order in which they are listed in the drop-down menu. If you record the Inventory impact first and the Cash impact second, even if they are the correct accounts and even if you have the correct dollar amounts, your answer will be considered incorrect.

- When you record the dollar amounts, be sure to use a minus sign to indicate a decrease in the account. You don't need to use a plus sign to indicate an increase.

- There are always more "Account" and "Amount" submission boxes available than are necessary. When you have indicated all the accounts that are affected by the transaction, you MUST select "Leave Blank" from the drop-down menu for EACH of the remaining "Account" submission boxes (you can leave the "Amount" boxes blank).

- For transactions 3, 4, 5, and 8, you are given additional instructions. Read them carefully.

- You get 5 tries for each transaction (8 tries for transaction #8).

- The entries for each transaction are worth 2 points (4 points for transaction #8).

Transaction 1

On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $22,000 in exchange for shares of stock. A few of their friends also purchased stock totaling $11,000 that was deposited in The Wire account.

Transaction 2
The company quickly acquired $35,000 in inventory, 30% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash.

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Transaction 3
A one-year store rental lease was signed on March 1 for $13,200 for the year, and rent for the first 3 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second.]

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Transaction 4
The owners paid $4,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $7,000 for some advertising in local newspapers. [Note: Combine both transactions into one entry].

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Transaction 5
Sales were $70,000. Cost of merchandise sold was 60% of its sales price. 65% of the sales were on open account. [Note: Record the complete entry for the sales first and the complete entry for the expenses second]

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Transaction 6
Wages and salaries in March were $11,500, of which $8,200 was actually paid to employees.

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Transaction 7
Miscellaneous expenses were $1,900, all paid for with cash.

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Transaction 8
On March 1, fixtures and equipment were purchased for $4,500 with a downpayment of $2,000 and a $2,500 note, payable in one year. Interest of 6% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 9 years with no expected salvage value. [Note: Record the complete entry for the March 1 equipment purchase first, the March 31 depreciation adjusting entry second, and the March 31 interest adjusting entry third.  Also, round all answers to the nearest cent.]

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Transaction 9
Cash dividends totaling $4,000 were paid to stockholders on March 31.

Account:     Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank           Dollar amount:   

Using C++. Implement l_list.cpp and l_list.h

l_list and encounterNode. The former is a richly featured linked list with a wide variety of methods and the latter is a node meant to encapsulate a game encounter. In the context of this task, the encounterNode represents a battle encounter. Each encounter will describe what a player has to watch in the course of the level in terms of enemies, rewards and such. Therefore a combination of encounterNodes contained within a linked list would represent a single level in a game. The classes and behaviors of their methods are detailed below:

l_list
-head: encounterNode*
---------------------------
+l_list()
+~l_list()
+addToFront(a:string*, b:int, c:string):int
+addToBack(a:string*, b:int, c:string):int
+addAtIndex(a:string*, b:int, c:string, index:int):int
+getListSize():int
+removeFromFront():encounterNode*
+removeFromBack():encounterNode*
+removeFromIndex(index:int):encounterNode*
+printSummaryOfList():void
+printList():void

The class has the following variables:
•head: The head pointer which demarcates the start of the list.

The class has the following methods:
•l_list: The list constructor. It will start by initialising a blank list with no elements.

•∼l_list: The list destructor. It should delete all of the remaining nodes in the list and deallocate all of the memory contained within. After deleting the list, it should print out the following message: ”Number of nodes deleted: X” without quotation marks where X indicates the number of nodes deleted in the process. Be sure to add a newline at the end of this output.

•addToFront: This method receives the variables to construct a new node and then allocates memory for it before adding it to the list at the front. It returns the new size of the list, that is the size of the list with the added node.

•addToBack: This method receives the variables to construct a new node and then allocates memory for it before adding it to the list at the back of the list. It returns the new size of the list, that is the size of the list with the added node.

•addAtIndex: This method receives the variables required to instantiate a new node as well as an index. This method should insert this node into the list at the given index. If the given index is not contained within the list, such as inserting at 5 when the list is only 2 nodes big, instead you must add it to the front. Note that the list is 0-indexed. It returns the new size of the list, that is the size of the list with the added node.

•getListSize: This method determines the number of nodes in the list and returns this as an integer.

•removeFromFront: This remove method removes a node from the list from the front and returns it. Note that the node is returned and not deleted; it must be properly unlinked from the list without being destroyed. If the list is empty, return NULL.

•removeFromBack: This remove method removes a node from the list from the back and returns it. Note that the node is returned and not deleted; it must be properly unlinked from the list without being destroyed. If the list is empty, return NULL.

•removeFromIndex: This method receives an index of a node to remove from the list. This node must be removed and returned without being destroyed; that is, unlinked from the list without being deleted. Note that if the index is not valid or the list is empty then the method should return NULL. The list is 0-indexed.

•printList: This method prints out the entire list, starting from the front. If the list is empty, print ”EMPTY LIST” without the quotation marks and a newline at the end. The example output is given below:
       Node 0
       Number of Enemies: 2
       Reward: Boots of Healing
       Enemy 1: Imp
       Enemy 2: Imp
       Node 1
       Number of Enemies: 2
       Reward: Sword of Revealing Light
       Enemy 1: Mancubus
       Enemy 2: Hell Knight

•printSummaryOfList: This method is a more sophisticated type of print. Instead of merely printing out of the full information of the list, it aggregates and collates the information from the list into a more easily readable report. If the list is empty,
print ”EMPTY LIST” without the quotation marks and a newline at the end. The report determines the following pieces of information:
       1.The number of nodes in the list.
       2.The number of enemies, in total in the list.
       3.The number of rewards which are healing to the player, that is if the reward has Healing or Health in its name. You can assume that the case will match the specific form of Healing or Health.
Therefore the output of this print operation takes the form (considering the prior example as the list):

       Number of Nodes: 2
       Number of Enemies: 4
       Number of Healing Rewards: 1

You are only allowed the use of the following libraries: string and iostream.

===================encounterNode.h=====================

#ifndef ENCOUNTER_NODE_H
#define ENCOUNTER_NODE_H
#include<iostream>
#include<string>
using namespace std;

class encounterNode
{
   private:
       string* enemies;
       int numEnemies;
       string reward;
   public:
       encounterNode* next;
       encounterNode(string* list, int numE, string re);
       ~encounterNode();
       string* getEnemies() const;
       void setEnemies(string* a, int b);
       string getEnemyAtIndex(int a);
       void setEnemyAtIndex(int a, string b);
       string getReward() const;
       void setReward(string a);
       int getNumEnemies() const;
       void setNumEnemies(int a);
       void print();
};
#endif

===================encounterNode.cpp=====================

#include "encounterNode.h"
#include<iostream>
#include<string>
using namespace std;

encounterNode::encounterNode(string* list, int numE, string re)
{
   enemies = list;
   numEnemies = numE;
   reward = re;
}

encounterNode::~encounterNode()
{
   delete [] enemies;
}

string* encounterNode::getEnemies() const
{
   return enemies;
}

void encounterNode::setEnemies(string* a, int b)
{
   if (enemies != NULL)
       delete[]enemies;

   enemies = new string[b];
   for (int i = 0; i < b; i++)
       enemies[i] = a[i];

   numEnemies = b;
}

string encounterNode::getEnemyAtIndex(int a)
{
   if (a >= 0 && a < numEnemies)
       return enemies[a];
   else
       return "";
}

void encounterNode::setEnemyAtIndex(int a, string b)
{
   if (a >= 0 && a < numEnemies)
       enemies[a] = b;
}

string encounterNode::getReward() const
{
   return reward;
}

void encounterNode::setReward(string a)
{
   reward = a;
}

int encounterNode::getNumEnemies() const
{
   return numEnemies;
}

void encounterNode::setNumEnemies(int a)
{
   numEnemies = a;
}

void encounterNode::print()
{
   cout << "Number of Enemies: " << numEnemies << endl;
   cout << "Reward: " << reward << endl;
   for (int i = 0; i < numEnemies; i++)
   {
       cout << "Enemy " << (i + 1) << ": " << enemies[i] << endl;
   }
   cout << endl;
}

WELCOME TO THE WORLD OF 21ST CENTURY HRM

Questions below

Angie was standing at her (former) desk, picking up her personal items and wondering how she had gotten into this mess. At one shoulder was the head of HR, and at the other was one of the security officers. They were there to escort her out of the building as soon as she retrieved her personal items. Thinking back, the last hour or so had been a whirlwind. She had come to work like she had for the past several months, maybe a little late and a little hung over, but she was there.

Shortly after she had sat down at her desk to start making phone calls, her supervisor had called her into his office. He asked her to accompany him to the HR manager’s office. Once there, she saw a printout of her (public) Facebook page and the blog that she kept on pretty much a daily basis. She was a little embarrassed by the photos on the printout, but at least they weren’t as racy as some she had considered putting up. She was really glad that when she graduated from college, she had purged her account of all of those pictures of the Florida vacations on the beach (and other places).

Angie knew, like all of the other employees, that company management had been recently going through some of the social networking sites to review potential recruits before they decided to hire them, but she didn’t know anything about management reviewing current employees’ personal webpages. She had, however, read (well, scanned) the company’s social media policy in the employee handbook and had signed a form saying she understood the requirements. Well, she thought, my pages are pretty clean since I was warned about this by career services in college.

However, what she saw next really bothered her. There was the highlighted section of her blog from last Thursday. She had forgotten about that! In it, she noted that she had a whopping hangover because of the girls’ night out on Wednesday night, and she had said, “I think I’ll call in sick because I just can’t face working for that idiot with this headache.” Well, they knew that she wasn’t sick. How could she have been that stupid?

As she sat there, she suddenly realized that this was no normal conversation—it looked more like an inquisition. And when the HR manager informed her that the company was going to terminate her employment because she had violated the social media policy, she couldn’t believe it. What had happened to freedom of speech? What had happened to a person’s right to have a life outside of work? Could the company monitor her personal communications that had nothing to do with work and then use them against her? She wasn’t sure, but she thought that was wrong. Nonetheless, here she was, cleaning out her desk.

A 2012 report by SilkRoad Technology declares, “75% of workers access social media on the job from their personal mobile devices at least once a day, and 60% access it multiple times.” But “fewer than 10% of companies offer social media training to their employees. And only 23% have a specific policy regarding use of social media.”⁸⁰

Also, according to a recent study by Harris Interactive for Careerbuilder.com, about two out of every five employers are using social networks to screen job candidates.⁸¹ More than 40% of employers have decided not to offer jobs to potential candidates based on content from their social networking sites, including Facebook, LinkedIn, Myspace, Twitter, and others. At the same time, 19% said they had hired individuals because of their social media activities. A Business Insider article identifies several recent firings because of social media. These include an employee ranting about his employer on Facebook, a breach of personal privacy when putting photos on Instagram, and using company equipment to make a video complaining about the company, among other issues.⁸²

The National Labor Relations Board (NLRB) has recently jumped into the debate on social media posts, with some new policies and some mixed rulings in social media cases. The NLRB rulings generally direct that it is illegal to adopt overly broad social media policies “like bans on ‘disrespectful’ comments or posts that criticize the employer—if those policies discourage workers from exercising their right to communicate with one another with the aim of improving wages, benefits, or working conditions.”⁸³But employers have been judged to be within their rights in other cases when disciplining employees who acted alone to disparage or vilify their employer or its customers. According to a quote in Forbes magazine by Tony Wagner, a spokesman for the National Labor Relations Board, “The NLRA does not protect personal rants that don’t pull in other employees who may be experiencing poor working conditions.”⁸⁴

Social media sites are no longer just a location where you can connect with your friends. Companies are routinely using these sites to research both recruits for employment and the actions of current employees. The Internet is full of references of people fired for things that they said on their personal web pages. And it doesn’t necessarily matter if you set your pages to private. Your friends may still capture comments that you’ve made on their pages without you even knowing about it. In addition, recruiters in some states can use your “friend” list to find people to call for references, and if your friends are unaware of the purpose for the call, they might say something that you’d rather they didn’t. Employers can look at who has recommended you on sites such as LinkedIn and may approach those references as well.

Questions:

-Please state some of the ethical issues that Angie may have broken that was set forward by the company.

-Please also explain how you would enforce the ethical rules within the work place to current employees so that the similar situation does not happen again.

-Do you think that company's should still monitor their employees social media sites after they have been hired? Why or why not?

According to this article answer the following questions

A former Amazon manager alleges that her supervisor made her scour the social media accounts of applicants to determine their race and gender, and then fired her when she complained. Lisa McCarrick filed a lawsuit against an Amazon unit on Monday in the Superior Court of California, Alameda County, claiming retaliation, wrongful termination, failure to prevent discrimination and violation of the state's labor code. The 38-year-old, who lives in Rocklin, about 20 miles northeast of Sacramento, is also suing for violation of the state's Equal Pay Act, alleging that she made significantly less than her male colleagues although they were doing similar work. McCarrick joined Amazon as a loss prevention manager in July 2018 and was promoted to a regional manager five months later, the suit says. After her promotion, her supervisor instructed McCarrick to go through the social media profiles of job candidates "for the purpose of ascertaining race/ethnicity and gender," according to the lawsuit. McCarrick knew that Amazon had been criticized in the past for a lack of diversity in the workplace and thought what she was being asked to do was unlawful, according to the lawsuit. In September, she submitted a written complaint raising her concerns about being told to scour applicants' social media accounts and also the pay disparity between herself and her male coworkers. Two months later, in November, she was called into a meeting with human resources and the director of loss prevention informing her that she was fired. "During the meeting in which she was informed of her termination, it was communicated to her that her direct supervisor had admitted to utilizing social media accounts for the purpose of ascertaining race and ethnicity," the suit states. "Plaintiff's protected complaints of race/ethnicity discrimination were substantial motivating reasons for the decision to terminate her employment." The loss prevention director also told McCarrick during the meeting that her male colleagues do make more than her but "that happens all the time at Amazon," according to the lawsuit. The lawsuit claims that throughout McCarrick's employment with Amazon she always received positive performance evaluations but she was told that the reason for her termination was due to "not meeting expectations." McCarrick is seeking damages. An Amazon spokesperson said in a statement Thursday that McCarrick's claims are inaccurate. “At our core, we fundamentally believe that diversity, inclusion, equality, and equal pay for equal work are not just good for our teams and our business, it's just simply right," the statement read. "While we cannot comment on the specifics of this ongoing legal proceeding, Ms. McCarrick's allegations are just not accurate.”

1) Does this case bring about issues or Corporate Social Responsibility? How? Why?

During the summer of 2017, fifteen former leaders of the White House Council of Economic Advisors signed a letter to President Trump urging him not to place tariffs on imports of steel into the United States. The letter notes that “Among us are Republicans and Democrats alike, and we have disagreements on a number of policy issues. But on some policies there is near universal agreement. One such issue is the harm of imposing tariffs on steel imports.” Tariffs are taxes imposed by government on imports. Those who endorse tariffs and other barriers to free international trade believe that such barriers protect domestic industries and the jobs of their employees.

Why do many economists, including those who have served for both Republican and Democratic administrations, support free trade policies and oppose tariffs and trade barriers even if these barriers are designed to protect domestic workers from losing their jobs? What types of jobs would be most vulnerable to job losses due to competition from imports?

Michigan-based Leo Corporation acquired 100 percent of the common stock of a British company on January 1, 20X8, for $1,100,000. The British subsidiary's net assets amounted to 500,000 pounds on the date of acquisition. On January 1, 20X8, the book values of its identifiable assets and liabilities approximated their fair values. As a result of an analysis of functional currency indicators, Leo determined that the British pound was the functional currency. On December 31, 20X8, the British subsidiary's adjusted trial balance, translated into U.S. dollars, contained $17,000 more debits than credits. The British subsidiary reported income of 33,000 pounds for 20X8 and paid a cash dividend of 8,000 pounds on October 25, 20X8. Included on the British subsidiary's income statement was depreciation expense of 3,500 pounds. Leo uses the fully adjusted equity method of accounting for its investment in the British subsidiary and determined that goodwill in the first year had an impairment loss of 25 percent of its initial amount. Exchange rates at various dates during 20X8 follow:

January 1                    1£ = $2.10

October 25                  1£ =   2.25

December 31               1£ =   2.20

Average for 20X8       1£ =   2.21

1. Based on the preceding information, what amount should Leo record as “income from subsidiary” based on the British subsidiary's reported net income?
A. $72,930
B. $52,500
C. $72,600
D. $69,300

2. Based on the preceding information, the receipt of the dividend will result in a credit to the investment account for:

A. $16,800
B. $17,680
C. $18,000
D. $17,600

3. Based on the preceding information, on Leo's consolidated balance sheet at December 31, 20X8, what amount should be reported for the goodwill acquired on January 1, 20X8?

A. $36,845
B. $39,286
C. $36,905
D. $36,607

4. Based on the preceding information, in the stockholders' equity section of Leo's consolidated balance sheet at December 31, 20X8, Leo should report the translation adjustment as a component of other comprehensive income of:

A. $19,440
B. $17,000
C. $18,786
D. $19,380

Please provide calculations!!! Thank you!

Question 2: Revised depreciation – betterment

Nova Scotia Telecom Company had a truck that was purchased on July 7, 2018, for $36000. The PPE subledger shows the following information regarding the truck:

A customized tool carrier was constructed and permanently fitted to the truck on July 3, 2020 at a cost of $9600 cash. The tool carrier adds to the economic value of the truck. It will be used for the truck’s remaining life and have a zero-residual value. The useful life and residual value of the truck did not change as a result of the addition of the tool carrier.

Required:
1. Record the installation of the tool carrier assuming it is a component of the truck
2. Calculate depreciation on the truck and its new component, the tool carrier for the company’s December 31, 2020 year ends
3. Calculate the book value of the truck at December 31, 2020 and 2021

P18.8 (LO 2, 3) (Time Value, Gift Cards, Discounts) Presented below are two independent revenue arrangements for Colbert Company.

Instructions
Respond to the requirements related to each revenue arrangement.

Colbert sells 20 nonrefundable $100 gift cards for 3D printer paper on March 1, 2020. The paper has a standalone selling price of $100 (cost $80). The gift cards expiration date is June 30, 2020. Colbert estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows.

Redemption Total
March 31
50%
April 30
80%
June 30
85%
Prepare the 2020 journal entries related to the gift cards at March 1, March 31, April 30, and June 30.

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows:

Westgate recognizes revenue over time according to percentage of completion.

Required:

1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.)

Omaha LLC had the following inventory amounts:

12/31/2019 3/31/2020

Raw materials 3052 3135  

WIP 3771 3804

Finished goods 2251 2175

During Q1 2020, the company transferred $4294 of raw materials. to WIP. In addition, the firm incurred the following costs during the quarter: direct labor of $2584, variable manufacturing overhead of $2180, fixed manufacturing overhead of $2190, variable non-manufacturing overhead of $2027, and fixed non-manufacturing overhead of $2607. Omaha uses full absorption costing.

a.How much raw materials did Omaha purchase in Q1 2020?

b.How much is Omaha's cost of goods manufactured?

c.Notwithstanding your answer to the prior question, assume the cost of goods manufactured is $9525. How is much is the cost of goods sold?