Arnez Co. follows the practice of recording prepaid expenses and unearned revenues in balance sheet accounts. The company's annual accounting period ends on December 31, 2015. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,000 balance. During 2015, the company purchased supplies for $13,400, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2015, totaled $2,554. b. An analysis of the company's insurance policies provided the following facts. Policy Date of Purchase Months of Coverage Cost A April 1, 2013 24 $ 14,400 B April 1, 2014 36 12,960 C August 1, 2015 12 2,400 The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.) c. The company has 15 employees, who earn a total of $1,960 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31, 2015, is a Tuesday, and all 15 employees worked the first two days of that week. Because New Year’s Day is a paid holiday, they will be paid salaries for five full days on Monday, January 6, 2016. d. The company purchased a building on January 1, 2015. It cost $960,000 and is expected to have a $45,000 salvage value at the end of its predicted 30-year life. Annual depreciation is $30,500. e. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $3,000 per month, starting on November 1, 2015. The rent was paid on time on November 1, and the amount received was credited to the Rent Earned account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again. f. On November 1, the company rented space to another tenant for $2,800 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Required: 1. Use the information to prepare adjusting entries as of December 31, 2015. 2. Prepare journal entries to record the first subsequent cash transaction in 2016 for parts c and e. Record the receipt of two months rent.
In: Accounting
CAN YOU MAKE IT SHORT RESEARCH PAPER OF THIS ARTICAL ?
I AM MAKING PROJECT ON HOMELESSNESS THIS IS SOLUTION OF THAT PROJECT
AND I HAVE TO MAKE SHORT RESEARCH PAPER TO SUBMIT BEFORE I SUBMIT FINAL PROJECT.
IN THIS PROJECT WE ARE A NON PROFIT ORGANIZATION WHICH HELP THOSE HOMELESS PEOPLE GET SHELTER SO WE MADE A CONTRACT WITH A MOTEL OR HOTEL WHICH ALLOW US TO FIND FIND HOMELESS AND SEND THEM TO OUR MOTEL OR HOTEL DURING CRITICAL SITUATION LIKE HEAVY FLOOD, RAIN,OR STORM.
I JUST WANT YOU TO MAKE A SHORT RESEARCH PAPER OF THIS ARTICAL ?
Our role: as a non-profit organization, the Coalition for the Homeless in NYC.
Focus area: Mott Haven, Bronx
Partner: Comfort Inn & Suites in Bronx, Family Shelter in Bronx, Government
Solution:
We’re partnering with Comfort Inn & Suites in Bronx to give a room for homeless people that we have data and information to stay on one of the room.
Group of homeless that priority: family with children, single mom with children, elderly (60+), disability people.
We’re asking Comfort Inn & Suites to give us at least 15 rooms (out of 84) during the low season and 7 rooms during the high season. Each room can accomodate 2 to 3 people. So we can put at least 45 homeless people for one night.
Asking special rate: Normal rate is around $142 → $49 on low season and $99 on high season (for us)
Who pay: we will pay monthly and ask government to subsidize our program at least half of the total cost. Asking local religious institution such as churches, synagogues or mosques to participate in our program.
How we select homeless?
We work together with Family Shelter Bronx to get the information of homeless people who still sleep outside the shelter
Working closely with HOME-STAT to have information for people that need immediate place to rest such as homeless with medical issue or disability.
Before we send the homeless people, at the shelter, we will give them food, ask them to shower and change clothes and check their health.
After that, we send them to the Comfort Inn & Suites to stay there for 1 week
During 1 week period, our staff will help them to find shelters in Bronx area or NYC’s area
We will help the homeless people to apply job, SOTA, or affordable housing in the NYC’s area.
If we can’t put them in the shelter within 1 week period, we will continue to pay their hotel fee for another week.
How the process in the hotel?
We will send the information first to the hotel of how many homeless will stay and give them their informations.
Each homeless that we selected need to give their ID in the reception.
The front desk will give the key to homeless on the assign room.
In case, there is a damage in the hotel room, our organization will pay the damage.
Every day, our staff will check their conditions and also follow up the plan
We will take care of them till worst condition
Current Services:
Initially hotel will be providing shelter
Provision of basic necessities
Free meals
Health check up
A better and safe environments
Future Services:
Education assistance for children under 18 and disabled.
Health care assistance.
Job opportunity
Facilities:
Safety and screening of every individual
Free meals
Health check up
Counselings
In: Operations Management
CAN YOU MAKE IT SHORT RESEARCH PAPER OF THIS ARTICAL ?
I AM MAKING PROJECT ON HOMELESSNESS THIS IS SOLUTION OF THAT PROJECT
AND I HAVE TO MAKE SHORT RESEARCH PAPER TO SUBMIT BEFORE I SUBMIT FINAL PROJECT.
IN THIS PROJECT WE ARE A NON PROFIT ORGANIZATION WHICH HELP THOSE HOMELESS PEOPLE GET SHELTER SO WE MADE A CONTRACT WITH A MOTEL OR HOTEL WHICH ALLOW US TO FIND FIND HOMELESS AND SEND THEM TO OUR MOTEL OR HOTEL DURING CRITICAL SITUATION LIKE HEAVY FLOOD, RAIN,OR STORM.
I JUST WANT YOU TO MAKE A SHORT RESEARCH PAPER OF THIS ARTICAL ?
Our role: as a non-profit organization, the Coalition for the Homeless in NYC.
Focus area: Mott Haven, Bronx
Partner: Comfort Inn & Suites in Bronx, Family Shelter in Bronx, Government
Solution:
We’re partnering with Comfort Inn & Suites in Bronx to give a room for homeless people that we have data and information to stay on one of the room.
Group of homeless that priority: family with children, single mom with children, elderly (60+), disability people.
We’re asking Comfort Inn & Suites to give us at least 15 rooms (out of 84) during the low season and 7 rooms during the high season. Each room can accomodate 2 to 3 people. So we can put at least 45 homeless people for one night.
Asking special rate: Normal rate is around $142 → $49 on low season and $99 on high season (for us)
Who pay: we will pay monthly and ask government to subsidize our program at least half of the total cost. Asking local religious institution such as churches, synagogues or mosques to participate in our program.
How we select homeless?
We work together with Family Shelter Bronx to get the information of homeless people who still sleep outside the shelter
Working closely with HOME-STAT to have information for people that need immediate place to rest such as homeless with medical issue or disability.
Before we send the homeless people, at the shelter, we will give them food, ask them to shower and change clothes and check their health.
After that, we send them to the Comfort Inn & Suites to stay there for 1 week
During 1 week period, our staff will help them to find shelters in Bronx area or NYC’s area
We will help the homeless people to apply job, SOTA, or affordable housing in the NYC’s area.
If we can’t put them in the shelter within 1 week period, we will continue to pay their hotel fee for another week.
How the process in the hotel?
We will send the information first to the hotel of how many homeless will stay and give them their informations.
Each homeless that we selected need to give their ID in the reception.
The front desk will give the key to homeless on the assign room.
In case, there is a damage in the hotel room, our organization will pay the damage.
Every day, our staff will check their conditions and also follow up the plan
We will take care of them till worst condition
Current Services:
Initially hotel will be providing shelter
Provision of basic necessities
Free meals
Health check up
A better and safe environments
Future Services:
Education assistance for children under 18 and disabled.
Health care assistance.
Job opportunity
Facilities:
Safety and screening of every individual
Free meals
Health check up
Counselings
In: Operations Management
Case Study: The community health nurse is preparing a smoking cessation program to be presented at the local high school for individuals who are thinking about quitting smoking. The community health nurse is identifying appropriate education activities that include the three domains of learning and the three stages of change
1. The community health nurse has to consider the three stages of change in considering individual reasons to stop smoking. What are the three stages of change?
2. Planned or managed change is a purposeful, designed effort to effect improvement such as smoking cessation with the help of a change agent who is the community health nurse. What are the eight steps of planned change that the community health nurse needs to consider?
3. The community health nurse understands that encompassing strategies are the critical change strategies to consider in planning the health education program. What are the three major change strategies that must be considered by the community health nurse?
In: Nursing
Assume a company has taxable income (EBT) of $1.00 per share. Assume also that the corporate tax rate is 30% on profits and the rich doctor/lawyer/etc. investor’s individual tax rate is 50%. Assume the company pays out all its net income as a fully-franked dividend to the investors.
Calculate the after-tax dividend per share that the investor could put towards her yearly smashed avocado budget under both A) a classical taxation system and B) a dividend imputation system.
In: Accounting
I want answers in 60 minutes
Design a CV for the job of a Physiotherapist at any hospital supposing an individual has completed DPT with an A grade and have 2 years of professional experience in the related field.
Your answer
Define the terms: Cohesion, Coherence, Skimming, Scanning
Your answer
You are the CEO of a company write a memorandum to your staff explaining the new software the company has purchased.
Your answer
What five major details should a person add while writing minutes of the meeting?
In: Computer Science
One year borrowing and deposit interest rates are 10% and 8% respectively in
the US and 8% and 6% respectively in Spain. The spot exchange rate for the
US dollar is $1.25 to the EURO. The 12-month forward rate is $1.30
i) Assuming you do not have any initial investment funds, suggest a way you
might profit from the pricing inconsistency presented above.
(ii) Explain why some of the figures in the question of borrowing and deposit rates are not used.
In: Finance
In: Economics
Assume that on January 1, a Mexican firm wants to finance their Mexican operation and borrows $10 million for 1 year with 8% annualized interest from a US bank. At inception, the spot rate was Peso 3.40/$. The inflation is 2.00% and 12.00% respectively for US and Mexico. According to our class material, PPP between Mexican Peso and USD hold well. Thus, what is the actual cost to the firm of the loan, since the firm has to pay back USD?
In: Finance
T or F
31. FULL EMPLOYMENT = ZERO UNEMPLOYMENT.
32. OPEN SYSTEM, GLOBALIZATION, AND INTERNATIONAL MARKETING ARE DIFFERENT FROM
GLOBAL MANAGEMENT.
33. GDP MEASURES ALL PRODUCTS AND SERVICES MADE IN THE US, PUERTO RICO, GUAM,
BAHAMAS, THE US VIRGIN ISLANDS, AND PARTS OF SOUTHERN CANADA.
34. GDP = C + G + I + NX; THIS IS THE INCOME APPROACH AND THE EXPENDITURE APPROACH.
35. AN EXPENSIVE 2014 MERCEDES BENZ BOUGHT LAST YEAR IS COUNTED IN THE GDP.
In: Economics