This being for an online apparel E-Commerce business
Describe ethical issues that could arise with your company
conducting electronic commerce. Make sure to include those that
could occur in your relationship with vendors or other partners as
well as with your customers. What steps would you take to ensure
that the ethical issues that you identified would not occur in your
company?
Explore the taxes that are potentially levied on your company’s activities. For the purposes of this question, assume that you are based in a small warehouse in Michigan and sell online to customers in other states and other countries. Include how your Capstone e-business would be affected by income taxes, transaction taxes, property taxes, use taxes, tariffs, and value added taxes.
In: Operations Management
Q2.choose any medical complex and answer these:
a-Specify the products and services produced and offered to its customers/clients.
b-Who are regarded as the customers/clients of this medical complex (consider the end users, retailers, other manufacturers, employees, etc.)?
c-Provide the department or division layout of the organization.
(ps. for example, the medical complex dealing with food company( that provide breakfast to employee in this medical complex., they deal with this x company provide medical supplies to its pharmacy ,,they deal with the manufacturers with provide them blah blah and the end users, retailers are blah blah which blah blah ,you got the idea? pleas answer like this or answer it in your own professional words in 200 or 300 if you can ,, thank you
In: Nursing
Assume a normal distribution and find the following
probabilities.
(Round the values of z to 2 decimal places. Round your
answers to 4 decimal places.)
(a) P(x < 25 | μ =
27 and σ = 3)
enter the probability of fewer than 25 outcomes if the mean is
27and the standard deviation is 3
(b) P(x ≥ 75 | μ = 60
and σ = 8)
enter the probability of 75or more outcomes if the mean is 60and
the standard deviation is 8
(c) P(x > 57 | μ =
60 and σ = 5)
enter the probability of more than 57outcomes if the mean is 60and
the standard deviation is 5
(d) P(19 < x < 27 |
μ = 25 and σ = 3)
enter the probability of more than 19and fewer than 27outcomes if
the mean is 25and the standard deviation is 3
(e) P(x ≥ 85 | μ = 70
and σ = 1.86)
enter the probability of 85or more outcomes if the mean is 70and
the standard deviation is 1.86
In: Statistics and Probability
The accounting records of Clay?'s Appliances included the following balances at the end of the? period:
Estimated Warrenty Payable
| Beg Bal 3000 |
Sales Revenue
| 110,000 |
Warranty Expense
In the? past,Clay?'s warranty expense has been 7% of sales. During the current period?, the business paid $4,000 to satisfy the warranty claims.
(The accounts to choose from in a-b are Accounts payable, Cash, Estimated warranty payable, Sales Revenue, Sales tax payable, and Warranty expense.)
a) Journalize Clay?'s warranty expense
b) Journalize the warranty payments
c) Show what the company would report on its income statement at the end of the period. (Choose from Estimated warranty payable, Sales Revenue, and Warranty Expense.)
d) Show what the company would report on its balance sheet at the end of the period. (Choose from Current Assets, Current Liabilities, Estimated warranty payable, Sales Revenue, and Warranty expense.)
e) Which data item will affect Clay?'s current? ratio? (Choose from Estimated warranty payable, Sales revenue, and Warranty expense.)
f) Will Clay?'s current ratio increase or decrease as a result of an increase in the item from (e)
In: Accounting
America Online (AOL) is a leader in the Internet access provider industry. In 1996, the company changed a controversial accounting method involving the treatment of the cost of advertising and free trials. The following is an excerpt from a May 15, 2000, CNET News.com article:
America Online will pay a civil penalty of $3.5 million as part of a settlement with the Securities and Exchange Commission over the accounting of advertising costs. According to the SEC, the Internet and media giant improperly reported most of the costs of acquiring new subscribers – such as the expense of sending computer disks to potential customers – as an asset. As a result, the SEC said AOL posted a profit for six of eight quarters in 1995 and 1996 but would have recorded a loss if the company followed recommended accounting practices.
AOL, backed by its auditor, defended the accounting method of capitalizing these costs arguing that spreading the costs over two years was a justifiable way to match expenses against revenue flows that would emerge later. In 1996, AOL switched to expensing these costs in the period incurred.
Consider the general treatment of advertising and promotion costs.
In: Finance
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017.
|
Account Title |
Debits |
Credits |
|
Cash |
5,000 |
|
|
Accounts receivable |
2,000 |
|
|
Inventory |
5,000 |
|
|
Equipment |
11,000 |
|
|
Accumulated depreciation—equipment |
3,500 |
|
|
Accounts payable |
3,000 |
|
|
Common stock |
10,000 |
|
|
Retained earnings |
6,500 |
|
|
Sales revenue |
–0– |
|
|
Cost of goods sold |
–0– |
|
|
Salaries and wages expense |
–0– |
|
|
Rent expense |
–0– |
|
|
Advertising expense |
–0– |
|
|
Totals |
23,000 |
23,000 |
The following transactions occurred during January 2018:
|
Jan. 1 |
Sold merchandise for cash, $3,500. The cost of the merchandise was $2,000. The company uses the perpetual inventory system. |
|
2 |
Purchased equipment on account for $5,500 from the Strong Company. |
|
4 |
Received a $150 bill from the local newspaper for an advertisement that appeared in the paper on January 2. |
|
8 |
Sold merchandise on account for $5,000. The cost of the merchandise was $2,800. |
|
10 |
Purchased merchandise on account for $9,500. |
|
13 |
Purchased equipment for cash, $800. |
|
16 |
Paid the entire amount due to the Strong Company. |
|
18 |
Received $4,000 from customers on account. |
|
20 |
Paid $800 to the owner of the building for January’s rent. |
|
30 |
Paid employees $3,000 for salaries and wages for the month of January. |
|
31 |
Paid a cash dividend of $1,000 to shareholders. |
Required:
Set up T-accounts and enter the beginning balances as of January 1, 2018.
Prepare general journal entries to record each transaction. Omit explanations.
Post the entries to T-accounts.
Prepare an unadjusted trial balance as of January 31, 2018
In: Accounting
WASHINGTON — The House failed on Thursday to advance a constitutional amendment that would require Congress not spend more than the nation collects in revenue. Some conservative lawmakers had hoped a vote on the bill would calm grassroots conservatives who had been fuming about recent high levels of spending. On a mostly party line vote, Republicans failed to advance the bill, 233-184. Normally, legislation requires 218 votes to win approval in the House and can be passed with just Republican votes. The balanced budget amendment, however, required bipartisan support with a two-thirds majority vote because it was a constitutional amendment. Analyze the following situations. The economy goes into a recession. A. What automatically happens to tax revenue and government spending during a recession? (See chapter 27) Why? (Does the budget go into deficit, surplus or stay balanced?) 5 points B. If the balanced budget amendment was in effect, what would the federal government have to do to obtain a balanced budget? 5 points C. What would happen to the recession? Why? (Would the recession improve, get worse or stay the same? 5 points
In: Economics
New Era Cleaning Service, Inc. opened for business on July 1,
2010. During the month of July, the following transactions
occurred:
July 1: Issued $18,000 of common stock for $18,000 cash
July 1: Purchased a truck for $11,000. Paid $4,000 in cash and
borrowed the remainder (long term) from the bank.
July 3: Purchased cleaning supplies for $900 on account.
July 5: Paid $1,800 on a one-year insurance policy, effective July
1.
July 12: Billed customers $4,800 for cleaning services.
July 18: Paid $1,500 of the amount owed on the truck.
July 18: Paid $500 of the amount owed on cleaning services.
July 20: Paid $1,700 for employee salaries.
July 21: Collected $1,200 from customers billed on July 12.
July 25: Billed customers $1,900 for cleaning services.
July 31: Paid gas and oil for the month on the truck, $500.
July 31: Paid a $800 dividend.
Please complete the following tasks:
Post the July transactions to the general journal and the general
ledger "T" accounts.
General journal
| Journal # | Date | Accounts and Description | Debit | Credit | |
| Debit | Credit |
(#1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12)
Adjusting entries:
(a) (b) (c) (d) (e)
General Ledger - T Accounts
| Cash | Accounts Receivable | Pre-Paid Insurance | Supplies | |||||||
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | |||
| Equipment: Truck | Accum. Depreciation | Accounts Payable | Bank Loan | |||||||
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | |||
| Salaries Payable | Revenue | Gas & Oil Expense | Salaries Expense | |||||||
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | |||
| Insurance Expense | Supplies Expense | Depreciation Expense | Income Summary | |||||||
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | |||
| Common Stock | Dividend | Retained Earnings | ||||||||
| Debit | Credit | Debit | Credit | Debit | Credit |
In: Accounting
Lars Linken opened Lars Cleaners on March 1, 2022. During March, the following transactions were completed. Transactions for the month of March were as follows:
1. March 1 Issued 10,000 shares of common stock for $15,000 cash.
2. March 1 Borrowed $6,000 cash by signing a 6-month, 6%, $6,000 note payable. Interest will be paid the first day of each subsequent month.
3. March 1 Purchased used truck for $8,000 cash.
4. March 2 Paid $1,500 cash to cover rent from March 1 through May 31.
5. March 3 Paid $2,400 cash on a 6-month insurance policy effective March 1.
6. March 6 Purchased cleaning supplies for $2,000 on account.
7. March 14 Billed customers $3,700 for cleaning services performed.
8. March 18 Paid $500 on amount owed on cleaning supplies.
9. March 20 Paid $1,750 cash for employee salaries.
10. March 21 Collected $1,600 cash from customers billed on March 14.
11. March 28 Billed customers $4,200 for cleaning services performed.
12. March 31 Paid $350 for gas and oil used in truck during month (use Maintenance and Repairs Expense).
13. March 31 Declared and paid a $900 cash dividend.
The chart of accounts for Lars Cleaners contains the following accounts: Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Rent Equipment Accumulated Depreciation—Equipment Accounts Payable Salaries and Wages Payable Notes Payable Interest Payable Common Stock Retained Earnings Dividends Income Summary Service Revenue Maintenance and Repairs Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Rent Expense Interest Expense
g. Prepare the income statement and a retained earnings statement for March and a classified balance sheet at March 31.
h. Journalize and post closing entries and complete the closing process.
i. Prepare a post-closing trial balance at March 31.
In: Accounting
1. In a perpetual inventory system, multiple performance obligations _________.
A.
may require the creation of an asset account, Unearned Revenue
B.
require the company to allocate the transaction price to each performance obligation
C.
result in revenue being recorded when the separate performance obligations are identified because there is a binding contact
D.
represent one distinct performance obligation
In: Accounting