Brady Construction Company contracted to build an apartment complex for a price of $6,400,000. Construction began in 2018 and was completed in 2020. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.

Brady Construction Company contracted to build an apartment complex for a price of $6,400,000. Construction began in 2018 and was completed in 2020. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.

Task 2 requires you to accurately complete the activities described in each question. Complete the answers in your own Excel document, putting your name at the top along with the Task and Task letter appropriate to each answer and submit below for your Assessor.

a) Make the Journal entry to record the sale of merchandise that cost $6,000, for $10,000 cash.

b) Record journal entries for the following transactions.

• Purchased office furniture for $3,200, agreed to pay the entire amount in 2 years
• Purchased computers for the office for $1,200 cash
• Paid for rent for the next 3 months, $600
• Purchased office supplies for $75 cash
• Purchased inventory on credit for $15,000
• Paid $11,000 to the supplier for the inventory purchased in previous bullet point
• Hired employees who will begin work in 2 weeks.

c) Record journal entries for the following transactions. After recording the transactions, prepare a ‘T-account’ and balance the accounts payable account.

• Purchased manufacturing equipment for $20,000 cash
• Purchased office furniture on credit, $2,700
• Paid for insurance for the next 6 months, $2,200
• Purchased inventory on credit, $15,000
• Purchased supplies for cash, $100
• Paid the supplier $14,000 for inventory purchased on credit
• Invested $3,000 in a short-term investment.

d) A company had the following transactions during the first month of operations. Record journal entries for these transactions. Determine the balance in the cash account at the end of the first month.

• Purchased inventory to be sold to customers, $45,000 on credit
• Rented warehouse space, $6,000 was paid for this month
• Sold $5,000 of inventory on credit (you have not been paid yet), sales price of $7,500
• Acquired office furniture for $3,000 cash
• Paid $12,000 to employees who worked this month
• Acquired manufacturing equipment costing $39,000, paid cash
• Paid $700 for cleaning
• Received a $100 utility bill for this month
• Collected $7,500 owed from customers.

e) A company had the following transactions during the first month of operations. Record journal entries for each transaction. Determine the balance in the cash account at the end of the first month.

• Borrowed $150,000 cash from the bank. $30,000 is to be repaid at the end of each year for the next 5 years
• Purchased inventory; $30,000 to be paid in 30 days
• Rented warehouse space; $2,000 was paid for this month
• Paid $300 for advertising to be run equally over this month and the next 2 months
• Purchased computer equipment; paid $3,000 and put $2,000 on credit
• Employees worked and earned $3,900; employees were paid $3,300
• Sold $15,000 of inventory on credit for a sales price of $25,000
• Purchased $500 of office supplies on credit, not yet used
• Acquired manufacturing equipment costing $55,000; paid ½ up front and agreed to make monthly payments for the balance for 3 years
• Paid $25,000 on accounts owed
• Collected $10,000 from customers for amounts owed
• Received $1,200 from a customer for services to be performed next month.

LeBron James incorporates a new business, Phi Slamma Jamma, Inc., on December 1, 20xx. The company uses the accrual method of accounting. In addition to the accounts you see below, the company uses Consulting Revenues #400, Sales #401, Gains #405 and the Salaries Expense #500 accounts. Journalize each transaction. P2. Prepare an adjusted trial balance as of December 31, 20XX. You will need to set up ledgers (or t-accounts) for each account used.   

If you were going to open up a new US company that produces vaccines, which country would you base your international headquarters in, and why? Think through logistics and geopolitical conflicts. Please write at least 250 words

According to the following article?Is mechanical or more organic structure suitable for company A?why?

Both A and B are two large sales companies, and B was acquired by Company A due to poor management. Both companies have a similar organizational structure - function-based design.However, after the acquisition of the new company, it suddenly increased a lot of shops and employees.After the completion of the acquisition of the new company, get an increase of many chain stores and a new Internet sector. In order to integrate these new businesses, the post-acquisition organizational structure must change. Now, the two companies that merged together became the largest sellers. Performance is gradually increasing. Although the company's merger has challenges, most of them have great confidence in the company's managers.

A company randomly chose 200 US households and found that in 120 of them, the women made the majority of the purchasing decisions. We want to know the population proportion of US housholds where women make the majority of purchasing decisions. Construct a 96% confidence interval to find p.  

a) what is p hat?

b) what is alpha?

c) what is the value of the test statistic

d) what is the value of the standard errror

e) what is the value of the margin of error

f) what is the lower boundary of the confidence interval

g) what is the upper boundary of the confidence interval

Making Human Resource Decisions

Scenario:

You are the Director of Human Resources for your company. The CEO has just informed you that the financial state of the company is dire, and as a result, he is approaching the managers of each department and asking them to reduce personnel costs. The company makes its profits primarily on services such as business consulting, cloud-based storage for large companies, and other small miscellaneous business products. The industry has become highly competitive and sales are down. There is not enough revenue at this point to pay all of the salespeople.

You are charged with devising a plan to determine how personnel costs will be reduced. After much deliberation, you decide on three options. Because this is a management dilemma, none of these options are optimal. Further, cost/ benefit analysis has a role in the decision making process, but as you are dealing with people, this type of analysis is complicated and subjective.

Options:

  1.  Lay off employees and use them only as needed on a project or change employment structure (i.e. move some employees to independent contractors)

  2.  Reduce salaries across the board

  3.  Reduce hours and/or benefits for lower-level staff

Instructions:

Choose one of the above options and defend this decision. Use concepts from the chapter to defend your decision.

What are the major risks associated with for-profit hospitals for the following: CEO: PATIENT: PAYER: SOCIETY:

a large corporation and compare the earnings of the CEO to the earnings of the average employee and reasons for this pay differential