Questions
During a national emergency, a managerial accountant was called back to active duty with the US...

During a national emergency, a managerial accountant was called back to active duty with the US Army. An acquaintance of the accountant forged papers and assumed the identity of the accountant. He obtained a position in a small company as the only accountant. Eventually he took over from the manager the functions of approving bills for payment, preparing and signing checks, and almost all other financial duties. On one weekend, he traveled to some neighboring cities and mailed invoices made out to the company for which he worked. On Monday morning, he returned to work and began receiving, approving, and paying the invoices he had prepared. The following weekend he returned to the neighboring cities and cashed and deposited the checks in bank accounts under his own name. After continuing this practice for several months, he withdrew all of the funds and never was heard from again.

What steps could you have taken to prevent this theft? Remember that this small company had limited financial resources and limited personnel.

In: Accounting

The Company is LYNC Logistics, LLC. What is an organizational culture? Organizational culture-he system of shared...

The Company is LYNC Logistics, LLC.

What is an organizational culture?

Organizational culture-he system of shared actions, values, and beliefs that develops within an organization and guides the behavior of its members

Subcultures: are groups of individuals who exhibit unique partners of values and philosophies consistent with the dominant culture of the larger organization or system.

Counterculture: are groups in which patterns of values and philosophies outwardly reject those of the organization or social system.

Observable culture: is the way things are done in an organization.

Non-observable culture: Values and norms inform workers about what goals they should pursue and how they should behave to reach these goals- basic belief about condition that is important.

How do you understand an organizational culture?

Sagas- Heroic accounts of organizational accomplishments.

Rites- Standardized and recurring activities that are used at special times to influence organizational members.

Rituals- are systems of rites.

Myths- Unproven and often unstated beliefs that are accepted uncritically.

Enable managers to redefine impossible problems.

Facilitate creativity.

Allow managers to govern.

Shared values -Help turn routine activities into valuable and important actions.

-Tie the organization to the important values of society.

-May provide a very distinctive source of competitive advantage.

Required:

Company Name- LYNC Logistics, LLC

Company owner- Cynthia P. Lee

Company location: Chattanooga TN

You need to start with one short paragraph that briefly introduces the company and it is just a few sentences. Then your choice of any 3 key organizational culture factors discussed above. Compare those cultural factors. Discuss also how this fastest growing women owned lead company compares to more traditionally founded (female?) organizations. Please write 500 words.

Please write in your own words and write appropriate answers.

(Here are questions to prompt your thinking. Don’t answer them- Just let them help you get your juices flowing!

What kind of culture (as described I above) exists the company of LYNC Logistics, LLC ? Are there subcultures? Countercultures? How does the organizational culture function? Are there differences between the observable and unobservable organizational culture? How are decisions made? What organizational myths, sagas, rites, and rituals seem to exist there? How do the shared values compare to above discussion of shared values? What are the firm’s ethics? Does their organizational culture seem to support those stated ethics? What else did you know about organizational culture that seems pertinent to you when examining this firm? Did you find the company’s mission statement and goals or strategic plan? How is innovation treated in the company?)

In: Operations Management

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018...

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows:

Inventory,
by Product Category
Quantity Per Unit
Cost
Net Realizable Value
Tools:
Hammers 110 $ 5.70 $ 6.20
Saws 270 10.70 9.70
Screwdrivers 370 2.70 3.30
Paint products:
1-gallon cans 570 6.70 5.70
Paint brushes 110 4.70 5.20


Required:
1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.
2. Assuming that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss.

Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.

Lower of cost and NRV
Net By By
Realizable Individual Product By Total
Product Cost Value Products Type Inventory
Tools:
Hammers
Saws
Screwdrivers
Total tools $0 $0
Paint products:
1-gallon cans
Paint brushes
Total paint $0 $0
Total $0 $0 $0 $0

Assuming that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss.

(a) Individual products
(b) Product categories
(c) Total inventory

In: Accounting

Aracel Engineering completed the following transactions in the month of June. Jenna Aracel, the owner, invested...

Aracel Engineering completed the following transactions in the month of June.

  1. Jenna Aracel, the owner, invested $230,000 cash, office equipment with a value of $6,900, and $70,000 of drafting equipment to launch the company in exchange for common stock.
  2. The company purchased land worth $58,000 for an office by paying $8,100 cash and signing a long-term note payable for $49,900.
  3. The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b.
  4. The company paid $2,400 cash for the premium on an 18-month insurance policy.
  5. The company completed and delivered a set of plans for a client and collected $6,800 cash.
  6. The company purchased $33,000 of additional drafting equipment by paying $12,000 cash and signing a long-term note payable for $21,000.
  7. The company completed $14,500 of engineering services for a client. This amount is to be received in 30 days.
  8. The company purchased $1,500 of additional office equipment on credit.
  9. The company completed engineering services for $25,000 on credit.
  10. The company received a bill for rent of equipment that was used on a recently completed job. The $1,510 rent cost must be paid within 30 days.
  11. The company collected $8,000 cash in partial payment from the client described in transaction g.
  12. The company paid $2,500 cash for wages to a drafting assistant.
  13. The company paid $1,500 cash to settle the account payable created in transaction h.
  14. The company paid $1,005 cash for minor maintenance of its drafting equipment.
  15. The company paid a $9,270 cash dividend.
  16. The company paid $1,400 cash for wages to a drafting assistant.
  17. The company paid $2,900 cash for advertisements on the Web during June.


Required:
1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604).
2. Post the journal entries from part 1 to the ledger accounts.
3. Prepare a trial balance as of the end of June.

Post the journal entries from part 1 to the ledger accounts.

101: Cash 106: Accounts Receivable
Transaction Debit Credit Balance Transaction Debit Credit Balance
108: Prepaid Insurance 163: Office Equipment
Transaction Debit Credit Balance Transaction Debit Credit Balance
164: Drafting Equipment 170: Building
Transaction Debit Credit Balance Transaction Debit Credit Balance

Prepare a trial balance as of the end of June.

ARACEL ENGINEERING
Trial Balance
June 30
Debit Credit
Cash
Accounts receivable
Prepaid insurance
Office equipment
Drafting equipment
Building
Land
Accounts payable
Notes payable
Common stock
Dividends
Engineering fees earned
Wages expense
Equipment rental expense
Advertising expense
Repairs expense
Totals

In: Accounting

Please write a python code for the following. Use dictionaries and list comprehensions to implement the...

Please write a python code for the following. Use dictionaries and list comprehensions to implement the functions defined below. You are expected to re-use these functions in implementing other functions in the file. Include a triple-quoted string at the bottom displaying your output.

Here is the starter outline for the homework:

g.

def big_words(text, min_length=10):

""" Return a list of big words whose length is at least min_length """

return []

h.

def common_words(text, min_frequency=10):

""" Return words occurring at least min_frequency times

as a list of (word, count) pairs """

return []

i.

def most_common_big_word(text, min_word_size=5):

""" Returns the most common BIG word and its frequency

as a tuple. A big word is defined as having a

length >= min_word_size """

return ("some_big_word", 1000)

j.

def avg_word_length(text):

""" Returns the average length (number of letters) of the words in text """

return 0.0

gettysburg_address = """

Four score and seven years ago our fathers brought forthon this continent, a new nation, conceived in Liberty,and dedicated to the proposition that all men are createdequal. Now we are engaged in a great civil war, testingwhether that nation, or any nation so conceived and sodedicated, can long endure. We are met on a greatbattlefield of that war. We have come to dedicate aportion of that field, as a final resting place forthose who here gave their lives that that nation mightlive. It is altogether fitting and proper that we shoulddo this. But, in a larger sense, we can not dedicate, wecan not consecrate, we can not hallow this ground.The brave men, living and dead, who struggled here,have consecrated it, far above our poor power to addor detract. The world will little note, nor longremember what we say here, but it can never forget whatthey did here. It is for us the living, rather, to bededicated here to the unfinished work which they whofought here have thus far so nobly advanced. It israther for us to be here dedicated to the great taskremaining before us—that from these honored dead wetake increased devotion to that cause for which theygave the last full measure of devotion that we herehighly resolve that these dead shall not have died invain that this nation, under God, shall have a newbirth of freedom and that government of the people, bythe people, for the people, shall not perish from theearth.

"""

In: Computer Science

Which corporation is eligible to make the S election? A- Foreign corporation. B- A one-shareholder corporation....

Which corporation is eligible to make the S election?

A- Foreign corporation.

B- A one-shareholder corporation.

C- An insurance company

D- A US. bank

E- None of the above can select S status.

In: Accounting

Analyze the poor decision-making strategies exhibited by the management team at Toys R Us for the...

Analyze the poor decision-making strategies exhibited by the management team at Toys R Us for the past 10 years? What do you believe was the BIGGEST managerial decision-making failure the company made?

In: Accounting

Let us consider the company 'MTN Namibia' for our study. Identify all “information” assets that form...

Let us consider the company 'MTN Namibia' for our study.

Identify all “information” assets that form part of the organisation. Perform asset valuation to determine asset value or worth of each asset identified.

In: Economics

if i was given by the company Cisco's website, their products listed by technology type as...

if i was given by the company Cisco's website, their products listed by technology type as such....

https://www.cisco.com/c/en/us/products/index.html#~stickynav=3

what are cisco's brands, prodct items and product lines?

In: Operations Management

Foreign currency analysis of Merck & Co. which is s an American multinational pharmaceutical company and...

Foreign currency analysis of Merck & Co. which is s an American multinational pharmaceutical company and one of the largest pharmaceutical companies in the world.

Explain the relationship between the stock price of the company and those three currencies, Euro, Yen, and Renminbi which are the most exposed to the company and how sensitive the company's value is against the change in the value of the three foreign currencies against US dollar.

State references.

In: Finance