Explain in your view, four limiting factors for material cost determination in a major university like the University of Ghana and what process would you use to collect the cost.

On 1 July 2020 Tran’s Hardware Pty Ltd had an accounts receivable ledger balance of $75,000 debit and a credit balance in the allowance for doubtful debts ledger account of $15,000.

On 3 July Tran’s was contacted by Nails and Hammers Pty Ltd to notify that the business had been declared bankrupt and that they would not be able to pay the $5,500 owing to Tran’s Hardware from a previous credit sale made to them in June 2020.

The business received notification from Panda House Pty Ltd on 25 July 2020 that, $1,100 (GST inclusive) that had previously been written off as uncollectible in May 2020 would be paid in full in August 2020.

On 31 July 2020 Management reassessed the allowance for doubtful debts at year end and decided on a closing balance of $12,200 (GST exclusive) under the ageing of receivables approach.

Required:

1. Prepare journal entries for each of the above events. Narrations are not required.

b. The owners have approached you, the businesses accountant and asked if, for the financial year ending 30 June 2021, you would change to the direct write-off method for recording bad debts. How does changing the measurement of bad debts from the allowance method to the direct write-off method influence the usefulness of financial information? Ensure you reference the fundamental qualitative characteristics of information prescribed by the Conceptual Framework for Financial Reporting in your response.

• Speak to an elderly individual you know (over the age of 70). Schedule to spend at least 20 minutes with them. Ask them the following questions:
  • What is their favorite memory from childhood?
  • What is their favorite memory from middle adulthood?
  • Ask them the last song they heard on the radio, the last book they read, or what they need from the grocery store.
• Ask them if any of the questions were difficult to answer. Ask if they would share the ways their memory has changed over time and the most frustrating aspect of that change.
• Write a paper describing your conversation, relaying context for the individual you interviewed, the location and time of day of the interview, and how forward they were sharing their answers.
• Relate their answers back to Section 14.3 on Cognitive Processes and memories.
• 2 pages answer please

You have set a professional goal to become the head of your workplace’s Party Planning Committee. Your CEO has agreed that the role will be yours if you can inspire your team to create enough workplace goodwill that more than 60% of this year’s Holiday Party attendees participate in the ‘ugly sweater’ contest. When you see that 34 of the 47 attendees at the party have on some of the ugliest holiday sweaters you’ve ever seen, you think the new title is yours. However, the next day the CEO comes up to you and says she thinks it was just random chance that so many employees participated in the contest and she is going to hand your committee over to your arch-nemesis, Karen from finance. Claim your new title by proving her wrong!

2. Verify all assumptions required for this test

Discrete Mathematics

Any degree at a university requires 4 core classes chosen from 4 groups. There are 5 English classes, 3 science classes, 6 math classes, and 4 social studies classes. Students must take exactly one of each class from each group. How many different ways are there for a student to fulfill these requirements?

Explain Maslow’s hierarchy of needs. What does it tell us about employee motivation? Cite an example of what a company does to provide motivation for each of the levels within the hierarchy?

(Liquidity Ratio, Asset Management Ratio, Debt Management Ratio, Market Value Ratios, Profitability Ratios) discuss what these particular ratios tell us about the performance of a company?