Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers.
Discussion A
It is very helpful to use the new words you are learning in the context they will be used. It helps you relate the MTs to the meaning. Each week you will practice using the new words.
(Exemplar: 6 y/o male presented with likely gastroenteritis. C/o nausea without emesis, diarrhea, flatulence, and eructating. Denies rebound tenderness, r/o appendicitis. No pyrexia, but anorexia for two days.
Definitions:
Gastroenteritis:Nausea:Emesis:Diarrhea:Flatulence:Eructating:
Appendicitis:Pyrexia: Anorexia)
Use each of the MTs in a short paragraph of your creation.
Include the following aspects in the discussion:
PART 2
Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers.
Discussion B:
I have found that learning is increased when students practice going in both directions; formal to informal, and informal to formal. The primary focus is the Pathophysiology in this discussion. Anatomy and Physiology shows us how the body is supposed to work. Pathophysiology is the study of something that has gone wrong.
See the examples of the informal and formal paragraphs:
(Exemplar: Casual: I fell off my motorcycle and broke my arm. It hurt something terrible and the bones was sticking right through my arm. The medic said it was cutting of my blood flow and my fingers were numb and purply. I was really worried the doctors would have to cut them right off. But when I got to the hospital, I saw a special bone doctor and he fixed me right up.
Exemplar: Formal: The patient sustained an open compound fracture of the radius. He was complaining of severe 10/10 pain. Circulation distal to the injury was decreased. Fingers were pale with paresthesia. The patient asked if his fingers would have to be amputated. The patient was referred to an orthopedic specialist.)
Produce an informal paragraph about a pathology, then convert the paragraph into a formal one using the proper MTs.
Include the following aspects in the discussion:
In: Nursing
Auditing is a valuable skill in accounting and business, as the odds are very high that you or your organization will be subject to a compliance, federal, IRS, internal, government, or revenue audit at one point in your career. Accountants are required to make professional judgments on both the financial accounting issues and internal accounting forecasts within their organization. The auditor must provide fair, unbiased, materially correct information for investors, employers, employees, and independent stakeholders. This course will help you navigate the relevant processes to provide that unbiased, accurate information.
The purpose of the assessment is to familiarize you with the process of auditing and what to do with the auditing information once you have it. You will explore how to plan audit work, analyze financial statements, perform tests on that information, and properly and professionally communicate the results of an audit.
For this assessment, you should assume you are on the internal audit staff of a publicly traded company. Choose one of the following companies: Walmart, Target, Sears, Kroger, or Amazon. You will be required to obtain the last two years’ worth of financial statements and a recent audit report. The internal audit group at the company is tasked with preparing for an upcoming revenue audit and analyzing the business risk internally to mitigate audit findings. You will conduct an internal audit of the company using the information gathered and create a report. Then, you will prepare appropriate memos analyzing the audit report you have prepared, while offering feedback and recommendations.
For Milestone One, you will submit a draft of the procedures and field work required for conducting your audit process. Describe how you would conduct the audit process for the company you have chosen, including the analytical procedures you would use to investigate selected business transactions. Explain the appropriate field work needed to review high-risk business transactions for cash and revenue, and create a test to assess appropriate assertions for designated high-risk business transactions.
Prompt: Outline the field work and procedures that will be involved in conducting the internal audit report and explain how you intend to communicate your findings. Create a test to assess appropriate assertions for designated high-risk business transactions.
Specifically, the following critical elements must be addressed:
A. Describe how you would conduct the audit process, incorporating the analytical procedures you would use to investigate selected business transactions.
1. What steps will you take to review the company’s business transactions?
2. What would your plan be to utilize these procedures?
B. Explain the appropriate field work needed to review high-risk business transactions for cash and revenue.
1. What would you need to do in the field to investigate these?
2. Could you convey this information through charts or other supporting documentation?
C. Create a test to assess appropriate assertions for designated high-risk business transactions.
Guidelines for Submission: Your paper must be submitted as a 3–4-page Microsoft Word document with double spacing, 12-point Times New Roman font, oneinch margins, and at least three sources cited in APA format.
In: Accounting
SHORT-SIGHTED VIEW OF COST CUTTING
Jamie Ericsson, the controller for Handico, has just compiled a cost report for the second quarter. The report is prepared each quarter for corporate headquarters. She has taken particular notice of several major cost categories that show significant reductions in expenditures when compared to the first quarter. She made the following list of the major cost cuts:
| Cost Item |
Cost Reduction($) |
Cost Reduction(%) |
| General employee training | 12,000 | 25% |
| Routine machine maintenance |
13,500 |
20% |
| Process improvement | 12,000 | 12% |
| Quality training | 18,000 | 8% |
| Raw-material inspection | 6,500 | 9% |
Concerned that there may have been errors in compiling the data,
Ericsson scheduled an appointment with her supervisor, Les Winters,
the divisional vice president. At the meeting, the conversation
went like this.
Ericsson (C): “Les, I'm concerned about these cost cuts. Are these mistakes, or are we really making such substantial cuts in these areas?”
Winters (VP): “Your numbers look right, Jamie. I ordered these cutbacks myself. I think there's a lot of fat in this operation that can be cut, and I'm just getting started.”
Ericsson (C): “But these are all important areas to invest in, Les. I see the invoices for these costs every month, and I don't think it's wasted money at all.”
Winters (VP): “Corporate wants a lean company, Jamie. I'm just trying to give them one.”
Ericsson (C): “Have you thought through the implications, Les? Cutting general employee training will eventually take a toll on our productivity gains. Same thing for the cuts in process improvements. And cutting routine machine maintenance could mean breakdowns later on. Maybe not for a year or so, but eventually it'll take its toll.”
Winters (VP): Becoming annoyed, “Those are my concerns, Ms. Ericsson, not yours.”
Ericsson (C): “Look, Les, we're all on the same team. I'm just concerned, that's all. I feel as though I need to highlight these cost cuts in my report to corporate. They should at least be made aware of these issues. I'll need your authorization for that.”
Winters (VP): “No can do, Jamie. You are instructed to make your usual quarterly report using the standard format.”
After the meeting, Ericsson was commiserating with her close friend, Amy Ling, the chief of engineering.
Ericsson (C): “Amy, I just had a very unsatisfactory meeting with Les Winters. I shouldn't go into the details, but I'm concerned about some things.”
Ling (E): “Well, I have good news for you then. The grapevine has it that Les is on the very short list for taking over as president of our Japanese subsidiary. That would be a huge promotion for him. Word is that all he's got to do is turn in a good performance for the year here. If he does that, the job's his.”
Ericsson (C): “That explains a lot, Amy. Thanks for the heads up. I've got some thinking to do.”
Required:
1. What do you think is going on here?
2. What is the VP, Les Winters, up to? Is he acting ethically?
In: Accounting
Your friend has a house cleaning business, Maid Men Inc., and would like to expand the business. He needs to apply for a loan to buy a second vehicle and the bank is requesting the financial statements from the fiscal year end, December 31, 2017, prepared according to GAAP. He knows you are taking Intermediate Accounting and has confidence you would be able to help him. He has only been in business since January 2017 and in March 2018 gives you the following information and asks you to prepare in Excel the general journal including the transactional journal entries followed by the adjusting journal entries and closing entries and the four major financial statements. He says he will treat you to pizza if you say yes!
MMI (Maid Men Inc.) issued common stock for $10,000 to your friend.
MMI borrowed $20,000 from the bank and signed a note in January 2017. The loan is for 3 years at 5% interest rate and interest is paid annually in January with the principal due in January 2020.
Purchased a van for $20,000 with a useful life of 5 years on January 1st and will depreciate the vehicle using straight line depreciation and does not think it will have any value at the end of those 5 years.
Purchased cleaning supplies for $2000 cash in January.
He hired a part-time helper who began working on June 1st and pays him monthly $200/mo. He pays him his wages the first Friday of the following month. June through November wages may be recorded in one journal entry.
Gas receipts total $800 for the year. This may be recorded in one journal entry.
Business was slow in the first half of the year but, because of his superior cleaning skills and word-of-mouth referrals, really grew the second half of the year. Over 2017 he has billed his clients $30,000 on account for services rendered and has received cash payments of $25,000 from these customers. This may be recorded in one journal entry.
Purchased an additional $1,000 of supplies on account December 1st and has $800 of supplies on hand at December 31, 2017.
When he purchased the additional supplies in December he realized he needed to rent a small storage unit to store the supplies. He rented a unit for $50/mo. The storage facility required that the first 3 months be paid in advance. He was annoyed but went ahead and paid the $150 on December 1st to U Store It.
In November he decided to offer his customers a holiday cleaning deal starting in December. The customers could pay for three months of cleaning in advance and receive a 10% discount for doing so. Four customers took advantage of this amazing deal and paid your friend $600 each on December 1st. This deal is in addition to the normal billings of his customers for services rendered.
MMI paid dividends to your friend of $2,000 in December.
Since this is the first year of business your friend is unsure of MMI’s tax rate so he consulted a tax accountant who told him it would be a 20% tax rate.
In: Accounting
Case Study Paper. Stan.
Directions: Read the following case study. Write at least 500 words outlining Stan’s current development using all four of these theories:
a. Erikson’s Psychosocial
Theory
b. Piaget’s Cognitive Theory
c. Kohlberg’s Moral
Development Theory
d. The Five Factor Model
Make sure a specifically name and briefly describe the stages or factors that best fit Stan – along with an explanation of why you feel he is at each stage. Predict what the next stage of his life might be like – if he continues on the same path.
Stan is 59-years-old. His 60th birthday is fast approaching – and he is starting to feel old. His hair is thinning and grey, his eyes just don’t seem to focus as well as they used to. Stan knows he should exercise more and eat less junk food. He hasn’t seen his doctor in years – and is afraid of what any medical tests might show. Stan has been married for almost 40 years. His three children are grown and out of the house. He and his wife spend little time together. They have been sleeping in separate bedrooms since their last son left home. Stan loves to read, stays current on world events, and does a daily cross word puzzle. Stan works full time as a building inspector. He loves his job, his co-workers, and meeting new people. One weekend a month he works with a group called Habitat for Humanity. Stan firmly supports the philosophy of this organization – that everyone deserves a safe, clean home. His father taught him that happiness comes only with helping others. Stan has tried to pass this attitude on to his own children – but is not sure the message has ever gotten through. Two of his sons are still single, work hard, and play hard. He does not see them giving back to the community in any way. His daughter is married and lives in England – he has seen her only once in the last 5 years. He regrets not spending more time with his grandson. Stan sometimes wonders what he will do after he retires. He would like to work full time with Habitat – and maybe travel with them to new places. He doubts his wife would be willing to travel with him – she seems to enjoy the quiet of her garden and home. Stan is more of a people person – he gets together with friends to golf, play poker, and trade stories. Stan enjoys thinking about possibilities – he sees life as a giant adventure. He is an easy going man – although his anger is sometimes triggered when he watches news reports about corporate greed, crooked politicians, or world poverty. Stan likes to play chess with his brother – plotting the next move, predicting his brother’s reactions, and enjoying an occasional win. Stan’s parents both died from heart disease in their early 60s. He wishes they could have lived to see this children grown and settled.
In: Psychology
Case study
Fatima Hassan is responsible for the collection, and auditing services of clients' accounts for the Doha Audit Office. Has been commissioned With a new client, Al Wajba Consulting Services Company, which contracted with the Doha Audit Office recently. Company CEO It is Mr. Ali Mahmoud, who monitors all operating activities of the company and takes all major decisions. Never use this company Previously, any services from the audit office. In addition to preparing the financial statements, the Doha Audit Office will handle the related matters Company taxes.
On her first visit to the company, Fatima Hassan met Hala Abdullah, she was recently hired as an accountant and is still a student. Accounting last year at a local university. At a later meeting, Hala assured Fatma that she had found the job at the beginning of the class Scholastic after extensive research. She needs money to help fund her studies at university and feels lucky to have found A well-paid job during this current phase of the economic downturn due to the COVID-19 pandemic.
Hala felt that Fatima was someone she could talk to and get advice from. Hala spoke of a situation she had in mind Some time ago. Hala concerns dealing with sales revenue. When the proceeds from sales are collected and deposited on a weekly basis, the necessary report is filled out with the most accurate categories of payment: cash, checks or credit cards. Distance Depositing the total amount on a weekly basis, Mr. Ali Mahmoud prepares a report after adjusting the total amount deposited by His own vision. After looking at some of the weekly deposits, Hala noticed that 20,000 Qatari cash were missing from each Deposit process.
After a more comprehensive examination of the monthly tax documents that Mr. Ali filled out, Hala notes that the total income is the monthly amount reported to the Tax Authority is QR 80,000 less than the amount actually calculated. Professor Ali He is the only person to deal with the funds after they have been pooled. It is also the only person who deposits money on a weekly basis. When Hala asked Mr. Ali about the non-reporting of these unreported revenues, Mr. Ali replied that it was being done for tax purposes. It is believed that the auditor will accept this procedure because the fees of the Doha Audit Office are to implement Audit tasks and other tax services are paid by Al Wajba Consulting Services.
Study requirements:
Each student must answer the following questions but each question should be answered at least 120 word for each question:
1. What is the problem or ethical problems in this situation? And why is each of them an ethical problem?
2. Who are the affected stakeholders in this situation? Explain how.
3. What are the alternatives available to Hala Abdullah, Fatima Hassan, and Professor Ali Mahmoud?
4. For each alternative dealt with in Requirement (3), are the net benefits exceeding the net losses for all the owners? Discuss your interpretation clearly
In: Accounting
Using Anaconda Python, program the following:
Overview
In this program you will develop an application that will display an amortization schedule. The word "amortize" means to "To write off gradually and systematically a given amount of money within a specific number of time periods." It will show, for each month of the loan, how much of your monthly loan payment is being applied towards interest costs, and how much is actually being applied to reduce the outstanding balance (principal) of your loan.
The Problem
Your application should prompt the user to enter a number of amount of the loan, the annual interest rate, and the duration of the loan in months and then calculates the sum total of all payments over the life of the loan, the total interest paid over the life of the loan, and finally the total interest paid as a percentage of the principal (i.e, original loan amount). Your program requires a loop to make calculations for each payment, which means that the loop must run until all payments have been made. You first determine the payment amount, and then for every payment you determine the interest paid, the principal paid, and the principal balance remaining.
To Get You Started
The following tables provide a description of the variables used. Note that the variable names chosen clearly describe the purpose of the variables.
Input Variables:
| Variable Name | Purpose |
|---|---|
| loan_amount | Total amount borrowed |
| interest_rate | Annual interest rate expressed as a percentage |
| num_payments | Loan duration expressed in months |
Intermediate Calculation Variables:
| interest_per_year | Decimal interest per year |
| interest_per_payment | Decimal interest per payment |
| factor | Intermediate variable |
| payment_amount | Amount of each monthly payment |
| total_payed_on_loan | Total amount payed on loan |
| total_interest_paid | Total interest payed on loan |
| interest_as_percent_loan_amount | Total interest as a percentage of original loan amount |
The following variables will need to be calculated within your loop:
| monthly_interest | The amount of interest paid in a given month |
| monthly_principal | The amount of principal paid in a given month |
| loan_amount (formerly loan_balance) | The new amount after the principal has been paid |
You will find the following formulas helpful (necessary?):
interest_per_year = interest_rate / 100.0
interest_per_payment = interest_per_year / 12
factor = (1 – ((1 + interest_per_payment) ** (-num_payments))) / interest_per_payment
payment_amount = loan_amount / factor
total_paid_on_loan = payment_amount * num_payments
total_interest_paid = total_paid_on_loan – loan_amount
interest_as_percent_loan_amount = (total_interest_paid / loan_amount) * 100
Within your loop you will need the following formulas:
monthly_interest = interest_per_payment * loan_amount
monthly_principal = payment_amount – monthly_interest
loan_amount = loan_amount – monthly_principal
Output
Your program should display the monthly payment, the total amount paid on the loan, the total interest paid on the loan, and the total interest as a percentage of the original loan amount. Then, for each loan payment, display the month, payment amount, interest paid, principal paid, and the loan balance. Please see sample output on the following pages.
Deliverables
Include a markup cell at the top of your program. Within the markup cell, list your name, course and section, assignment number, and date. Use whitespace effectively to make your code easier to read. Follow the recommended naming conventions for variables.
In: Computer Science
The following information was extracted from Manuco.'s financial documents.
| Beginning raw materials inventory | $55,000 |
| Ending raw materials inventory | $29,000 |
| Beginning work-in-process inventory | $23,000 |
| Ending work-in-process inventory | $60,000 |
| Beginning finished goods inventory | $30,000 |
| Ending finished goods inventory | $55,000 |
| Raw materials purchased during the period | $86,000 |
| Total direct labor cost during the period | $76,000 |
| Total factory overhead cost during the period | $18,000 |
Assuming that all raw materials are direct materials, calculate the
cost of raw materials requisitioned, cost of goods manufactured,
and cost of goods sold based on the provided information.
Required
Do not enter dollar signs or commas in the input boxes.
Round your answers to the nearest whole number.
Cost of raw materials requisitioned: $ Answer
Cost of goods manufactured: $ Answer
Cost of goods sold: $ Answer
Jump to... Jump to... Tutorial: Introduction Introduction News forum Guidelines for Assessments & Exams (for Students) Rounding Rules for Online Questions Templates Zipped File (Excel) Templates Zipped File (Word) Digital Textbook E-Book Student Guide Workbook Student Edition (PDF) Correction Notice to Students Tutorial: Introduction to Managerial Accounting Tutorial: Planning and Controlling Tutorial: Cost of Goods Manufactured Tutorial: Introduction to Cost Accounting Chapter 1 Quiz Chapter 1 Post-Class Homework Chapter 1 - An Overview of Managerial Accounting Chapter 1 - Workbook Exercises Chapter 1 - Workbook Solutions Tutorial: Introduction to Job Order Costing Tutorial: Manufacturing Overhead Tutorial: Overhead and Job Order Costing Chapter 2 Quiz Chapter 2 Post-Class Homework Chapter 2 - Job Order Costing Chapter 2 - Workbook Exercises Chapter 2 - Workbook Solutions Tutorial: Just-in-Time and Quality Management Chapter 4 Quiz Chapter 4 Post-Class Homework Chapter 4 - Cost Management Strategies Chapter 4 - Workbook Exercises Chapter 4 - Workbook Solutions Tutorial: Cost Behavior Tutorial: Break Even Analysis Tutorial: Differential and Sensitivity Analyses Tutorial: Operating Leverage Chapter 5 Quiz Chapter 5 Post-Class Homework Chapter 5 - Cost-Volume-Profit Analysis Chapter 5 - Workbook Exercises Chapter 5 - Workbook Solutions Tutorial: Introduction to Budgeting Tutorial: Operating Budget I Tutorial: Operating Budget II Tutorial: Cash Budget Chapter 7 Quiz Chapter 7 Post-Class Homework Chapter 7 - Master Budget Chapter 7 - Workbook Exercises Chapter 7 - Workbook Solutions Tutorial: Relevant and Irrelevant Costs Tutorial: Keep or Drop Tutorial: Make or Buy Tutorial: Product Mix Tutorial: Retain or Replace and Sell or Process Chapter 11 Quiz Chapter 11 Post-Class Homework Chapter 11 - Relevant Cost and Decision-Making Chapter 11 - Workbook Exercises Chapter 11 - Workbook Solutions
In: Accounting
Question 11
Which formula below successfully performs an operation on a range of values stored in Excel cells?
=SQRT( A1:A15)
= EXP( A1:A15)
=LOG(A1:A15)
=ABS(A1:A15)
=SUM(A1:A15)
Question 12
Cells A1 through A10 contain the values shown in the table
below. What does this formula evaluate to?
= SUM(A1:A10) - MAX( A1:A5 )
| 3 | 1 | 4 | 6 | 2 | 0 | 5 | 7 | 6 | 2 |
0
29
30
36
nothing - there is a syntax error in one of the formulas
Question 13
Which of the following formulas contains a syntax error?
Group of answer choices
= MAX( A1:A10, A15)
= SUM( A1:B10)
= AVERAGE( A1:A10:-B2)
= MIN( A1, B2, C3)
none of the above
Question 14
What is displayed if you select one data series in a worksheet and then create an x-y scatter chart?
uses data series as x coordinates and integers as y coordinates
uses the data series as y coordinates and integers as x coordinates
uses the data series as both x coordinates and as y coordinates
produces a blank chart
displays an error message but no chart
Question 15
What will be displayed if you select two data series in a worksheet and then choose to create a scatter chart?
Group of answer choices
uses the first data series as y coordinates and second data series as x coordinates
uses the first data series as x coordinates and second data series as y coordinates
uses each data series for y coordinates of separate lines and integers for x coordinates
uses each data series for x coordinates of separate lines and integers for y coordinates
none of the above
Question 16
When you copy a formula, such as = A1 + B2, to another cell, the cell references A1 and B2 will change. Why does a spreadsheet program do this?
to complicate the life of the user
so that the formula will still use the same numbers in its calculations
to allow the same formula to be used with other values in other cells
to show that the inverse of the square root of the radical computation is still valid
Question 17
The main strength of a spreadsheet program is that it allows the presentation of data and charts based on that data in a way that can be explained to and manipulated by the user.
True
False
Question 18
If the two data series used for an x-y scatter chart have different amounts of values in them, a spreadsheet program will treat this as an error and not produce a chart.
True
False
Question 19
If you copy a table of numbers from a web page and paste them into a worksheet, each value will be pasted into its own cell and the number of rows and columns will be preserved.
Here is a webpage (Links to an external site.) with a table on it that you can use to test this out.
True
False
Question 20
If you copy and paste a range from a worksheet into a word processor document, a table is created with one value per cell and the same number of rows and columns.
Group of answer choices
True
False
In: Computer Science
Case Analysis 3: You are the General Manager at the Bicker, Slaughter, and Lynch Law Firm. There is an opportunity to buy out a small law firm that was just started by a young MBA/JD, and you believe the firm can be grown and become a lucrative part of your Firm. With help from your finance leader, you have estimated the following benefit streams for this new division:
Before Tax Cash Flow From Operations
Year 1 $(149,000)
Year 2 $0
Year 3 $51,380
Year 4 $88,760
Year 5 $114,100
Year 6 $129,780
Year 7 $143,640
Year 8 $167,300
After Tax Net Income From Operations
Year 1 $(103,500)
Year 2 $(50,500)
Year 3 $36,700
Year 4 $63,400
Year 5 $81,500
Year 6 $92,700
Year 7 $102,600
Year 8 $119,500
After Tax Cash Flow From Operations
Year 1 $(85,600)
Year 2 $15,000
Year 3 $48,600
Year 4 $72,200
Year 5 $95,550
Year 6 $101,300
Year 7 $125,200
Year 8 $140,200
You estimate that the purchase price for this firm would be $200,000 and that additional net working capital would be needed in the amount of $60,000 in year 0, an additional $15,000 in year 2 and then $15,000 in year 5.
• BSL usually spend about $275,000 per year in advertising. If you make this acquisition, you would ask that advertising spending be increased by an incremental one-time amount of $45,000 in year 0 to publicize the firm’s expansion.
• Your finance leader has indicated that the firm has access to a credit line and could borrow the funds at a rate of 6%. He also mentions that when he runs project economics for capital budgeting (such as a new copier or a company car), he recommends a standard 10% rate discount, but the one other time they looked at an acquisition of a smaller firm, he used a 13% rate discount. Obviously you will want to select the most appropriate discount rate for this type of project.
• At the end of 8 years, the plan is to sell this division. The estimated terminal value (the sale and the return of working capital) is conservatively estimated to be $350,000 of after-tax cash flow help.
Using the data that you need (and ignoring the extraneous information), for this potential acquisition, calculate each of the following items: the Nominal Payback, the Discounted Payback, the Net Present Value, the IRR.
In an MS Word document, in paragraph form, respond to the following questions:
1) From a purely financial (numbers) perspective, would you recommend this purchase to management? Why?
2) What are some of the non-financial elements that need to be considered for this proposal?
3) Assumptions in project economics can have a huge impact on the result. Identify 3 financial elements/assumptions in your analysis that would make this project financially unattractive? In other words, what would have to be true for this to be a bad investment?
4) If you were the CEO, would you approve this proposal? Why or why not?
In: Finance