Questions
This being for an online apparel E-Commerce business Describe ethical issues that could arise with your...

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...

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...

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:...

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...

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.  

  • Why are these costs normally expensed in the period incurred even though they are incurred with the intention of generating future revenues?  
  • Why did they expense these costs over a two-year period?  
  • Then discuss the possible reasons why AOL chose a different approach followed by a discussion of the possible reasons why the company decided to change its method. Also include the civil penalty of $3.5 million leveled by the SEC four years after AOL changed its method.  

In: Finance

The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...

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...

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...

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....

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...

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