The following information is related to Stellar Company for 2017. Retained earnings balance, January 1, 2017 $993,230 Sales Revenue 26,284,300 Cost of goods sold 16,139,200 Interest revenue 79,400 Selling and administrative expenses 4,749,600 Write-off of goodwill 824,400 Income taxes for 2017 1,303,600 Gain on the sale of investments 119,300 Loss due to flood damage 397,000 Loss on the disposition of the wholesale division (net of tax) 451,900 Loss on operations of the wholesale division (net of tax) 88,730 Dividends declared on common stock 264,100 Dividends declared on preferred stock 87,850 Stellar Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Stellar sold the wholesale operations to Rogers Company. During 2017, there were 492,800 shares of common stock outstanding all year. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) STELLAR COMPANY Income Statement $ $ $ : $ $ $ SHOW LIST OF ACCOUNTS Prepare a retained earnings statement. (List items that increase retained earnings first.) STELLAR COMPANY Retained Earnings Statement $ : : $ $ Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

Lee Ltd delivers the goods to customers and gives the customers the right to return the product with no reason within 14 days after delivery. 1st May 20X9, goods were sold and delivered to a customer. The price charged was equal to the cost of $200 plus a 20% profit margin. According to the historical data, a significant amount of goods were returned within 14 days after delivery. Please ignore the GST. Required: (Please label your responses as 1), 2).) 1) Entries on 1st May 20X9 (2/4) 2) Entries on 14th May 20X9 if goods were not returned within 14 days after delivery (2/4)

You have just been appointed as the financial accountant at Caulfield Warehouse Direct (CWD), an electrical company. CWD makes all sales under terms of Free On Board (FOB) shipping point. FOB shipping point specifies that the title and responsibility of goods transfer from the seller to the buyer when the goods are placed on the delivery vehicle. During your first week, you have been asked to conduct a review of all income items as the Australian Tax Office wants to know details of all income in the last financial year, which ended on 31 December. During your review, you became aware that CC had post-dated a significant sales transaction of $500,000 (goods were delivered on 27 December, but invoiced on 3 January). Post-dating the sales transaction would lower CWD’s taxable income. You approached the owner, Megan Simpson, and discussed about it. Megan asked you to ignore the finding because it is part of the company’s policy. After all, there was a difference of only one week between 27 December and 3 January.

1. Explain the ethical issue (or dilemma) that you face.
2. Identify four (4) parties (stakeholders) that may be harmed.
3. Discuss three (3) specific interests that are in conflict [HINT: For each, you must identify pairs of stakeholders whose interests might be in conflict and explain why].
4. What are your options and the consequences of each option? Specify two (2) options, and for each option, explain the impact of that option on the stakeholders.

1.)

Prepare adjusting journal entries, as needed, for the following items.

(a) The Supplies account shows a beginning balance of $100. The company purchases an additional $1,300 of office supplies for cash but a count of supplies reveals only $600 on hand at year-end.

Debit                            [ Select ]                       ["Accounts Receivable", "Retained Earnings", "Supplies Revenue", "Inventory", "Supplies", "Accounts Payable", "Cash", "Cost of Goods Sold", "Supplies Expense"]           for                            [ Select ]                       ["$100", "$2,000", "$800", "$700", "$1,400", "$600", "$1,300"]      
           Credit                            [ Select ]                       ["Accounts Receivable", "Inventory", "Cost of Good Sold", "Accounts Payable", "Retained Earnings", "Supplies Revenue", "Supplies Expense", "Supplies", "Cash"]         for                            [ Select ]                       ["$100", "$700", "$1,300", "$600", "$2,000", "$1,400", "$800"]      

(b) The company purchases 12 months of insurance on September 1st for $18,000 by debiting prepaid insurance. It is now December 31st and 4 months of insurance has been used. Record the necessary adjusting entry as of December 31st.

Debit                            [ Select ]                       ["Accounts Receivable", "Deferred Revenue", "Accounts Payable", "Insurance Revenue", "Retained Earnings", "Cash", "Equipment", "Prepaid Insurance", "Insurance Expense"]           for                            [ Select ]                       ["$1,500", "$12,000", "$6,000", "$9,000", "$4,500", "$18,000", "$3,000"]      
           Credit                            [ Select ]                       ["Accounts Payable", "Prepaid Rent", "Insurance Expense", "Prepaid Insurance", "Supplies", "Cash", "Retained Earnings", "Insurance Revenue", "Equipment", "Accounts Receivable"]         for the same amount as above

(c) A company borrows $40,000 with 6% interest on August 1st, 2018. This amount plus interest is due on July 31st, 2019. Record the adjusting entry on December 31, 2018.

Debit                            [ Select ]                       ["Supplies", "Interest payable", "Net Income", "Cash", "Retained Earnings", "Interest expense", "Interest Revenue", "Equipment", "Interest Receivable"]           for                            [ Select ]                       ["$1,000", "$400", "$200", "$1,200", "$40,000", "$42,400", "$800", "$2,400", "$1,400", "$600"]      
           Credit                            [ Select ]                       ["Equipment", "Accounts payable", "Cash", "Retained Earnings", "Interest revenue", "Interest receivable", "Interest expense", "Accounts Receivable", "Interest payable", "Supplies"]         for the same amount as above.

(d) At year-end, the company received a utility bill for December's electricity usage of $200 that will be paid in early January.

Debit                            [ Select ]                       ["Cash", "Accounts Receivable", "Equipment", "Supplies", "Utilities Revenue", "Utilities Payable", "Retained Earnings", "Utilities Expense"]           for $200
           Credit                            [ Select ]                       ["Equipment", "Deferred Revenue", "Rent Expense", "Accounts Receivable", "Supplies", "Utilities Expense", "Utilities Payable", "Cash", "Prepaid Utilities", "Retained Earnings"]         for $200

(e) A company purchases new equipment for $28,000 cash on January 1st, 2010. The equipment is expected to have a $4,000 salvage at the end of it's 4 year useful life. Record the adjusting entry for depreciation using straight-line as of December 31st, 2010

Debit                            [ Select ]                       ["Accounts Receivable", "Cash", "Service Revenue", "Accounts Payable", "Equipment", "Depreciation Expense", "Supplies", "Accumulated Depreciation", "Retained Earnings", "Prepaid Depreciation"]           for                            [ Select ]                       ["$18,000", "7,000", "$24,000", "$4,000", "$28,000", "$6,000"]      
           Credit                            [ Select ]                       ["Accounts Payable", "Equipment", "Supplies", "Depreciation Expense", "Salaries Expense", "Retained Earnings", "Service Revenue", "Accumulated Depreciation", "Cash", "Accounts Receivable"]         for the same amount as above

2.

Roccos Incorporated reports the following amounts at the end of the year.

In addition, the company had common stock of $21,000 at the beginning of the year and issued an additional $2,100 during the year. The company also had retained earnings of $12,600 at the beginning of the year and paid dividends of $3,800 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet.

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Consider an x distribution with standard deviation σ = 48.

(a) If specifications for a research project require the standard error of the corresponding x distribution to be 3, how large does the sample size need to be?
n =  

(b) If specifications for a research project require the standard error of the corresponding x distribution to be 1, how large does the sample size need to be?
n =

Suppose x has a distribution with μ = 27 and σ = 24.

(a) If a random sample of size n = 42 is drawn, find μ_x, σ_x and P(27 ≤ x ≤ 29). (Round σ_x to two decimal places and the probability to four decimal places.)

(b) If a random sample of size n = 62 is drawn, find μ_x, σ_x and P(27 ≤ x ≤ 29). (Round σ_x to two decimal places and the probability to four decimal places.)

(c) Why should you expect the probability of part (b) to be higher than that of part (a)? (Hint: Consider the standard deviations in parts (a) and (b).)
The standard deviation of part (b) is  ---Select--- the same as larger than smaller than part (a) because of the  ---Select--- larger same smaller sample size. Therefore, the distribution about μ_x is  ---Select--- wider the same narrower .

Beaver Ltd. is a retail company that sells sporting goods. It has a customer loyalty program that allows customers to earn points based on sales made. These points can be accumulated and used for future purchases. One customer loyalty point is awarded for every $1 of purchases. During March 20X4, the company recorded sales of $1,725,000 to customers who were accumulating points. The stand-alone value of these goods sold was $1,725,000. Beaver has also determined that each point has a fair value of $0.017. The loyalty account had a balance of $870,000 at the beginning of March. During the month of March, customers used 1,200,000 points to purchase goods in the store.

Required:
Prepare the entries for the above transactions for the month of March 20X4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest whole dollar.)

ABC COMPANY

Products: Producing heating equipment for the construction industry in Turkey.

Manufacturing: Computerized production are used for manufacturing. Manufacturing process is dominated by robots and there is a small team of engineers and technicians monitor the process and intervene if necessary.

Customers: Customers are the construction firms in Turkey. They are looking for new and innovative products, which can be input for low-cost, efficient and user-friendly buildings and facilities.

Environment: Number of competitors is increasing, and big companies want to enter the market. Sales teams of the competitors develop strong relationships with the customers through offering them new products.

It is said that main supplier will make an agreement with a competitor, and will produce for only that competitor in the next year. As there is no alternative for the main supplier in terms of product quality and price, ABC faces a serious problem.

1. Analyze uncertainty sources for ABC’s environment. (15 POINTS)
2. Which type of structure (organic or mechanistic) is suitable for ABC company? Why? (20 POINTS)

43. A company is involved in  financing activities when these:

31. Expenses

24. A decrease in accounts receivable turnover ratio is indicative of:

23. Which of the following is  not an expense?

13. The unadjusted trial balance:

12. When cash is paid  before the expense is incurred to generate revenue, costs are stated as:

11.Company A receives $10,000 in advance this month for work to be performed next month. This month, the company should:

The information is provided in a table for Alpha Company and Bravo Company.

What are the amounts for each of the following missing items?

1. Alpha Company's 12/31/15 Liabilities

2. Alpha Company's 12/31/16 Assets

3. Alpha Company's 12/31/16 Additional Stock Issued

4. Bravo Company's 12/31/15 Assets

5. Bravo Company's 12/31/16 Revenues

Madison Company uses a job-order costing system. The following transactions occurred in October:

1. Raw materials purchased on account, $210,000.
2. Raw materials used in production, $190,000 ($178,000 direct materials and $12,000 indirect materials).
3. Accrued direct labor cost of $90,000 and indirect labor cost of $110,000.
4. Depreciation recorded on factory equipment, $40,000.
5. Other manufacturing overhead costs accrued during October, $70,000.
6. The company applies manufacturing overhead cost to production using a predetermined rate of $8 per machine-hour. A total of 30,000 machine-hours were used in October.
7. Jobs costing $520,000 according to their job cost sheets were completed during October and transferred to Finish Goods.
8. Jobs that had cost $480,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 25% above cost.

Required:

1. Post the relevant transactions from above to each T account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $42,000.

Is the Manufacturing Overhead account over or under applied and by how much

Provide the Ending Balance for Each T-Account

Raw Materials Inventory BLANK-1 DEBIT

Work in Process Inventory BLANK-2 DEBIT

Manufacturing Overhead BLANK-3 CREDIT

Finished Goods Inventory BLANK-4 DEBIT

Accounts Receivable BLANK-5 DEBIT

Accumulated Depreciation BLANK-6 CREDIT

Accounts Payable BLANK-7 CREDIT

Salary Payable BLANK-8 CREDIT

Sales Revenue BLANK-9 CREDIT

Cost of Goods Sold BLANK-10 DEBIT