PLEASE FILL IN

• Trial Balance
• Income Statement
• St Owners Equity
• Balance Sheet
• Post Closing

On April 1, Rita Griffin created a new travel agency, Griffin Travel. The following transactions occurred during the company’s first month.

Information for month-end adjustments follows:

1. Prepaid insurance of $120 has expired this month.
2. At the end of the month, $950 of office supplies are still available.
3. This month’s depreciation on the computer equipment is $260.
4. Employees earned $672 of unpaid and unrecorded salaries as of month-end.
5. The company earned $1,800 of commissions that are not yet billed at month-end.

AFTER COMPLETING 19 TRANSACTIONS IN THE GENERAL JOURNAL

• GENERAL JOURNAL ENTRIES:

• 1 Griffin invested $45,000 cash and computer equipment worth $15,600 in the company.

• 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent.

• 3 The company purchased $1,200 of office supplies for cash. The company's policy is to initially record all prepaid and unearned items in balance sheet accounts.

• 4 The company paid $2,160 cash for the premium on a 12-month insurance policy. Coverage begins on April 11. The company's policy is to initially record all prepaid and unearned items in balance sheet accounts.

• 5 The company paid $1,680 cash for two weeks' salaries earned by employees.

• 6 The company collected $22,000 cash for commissions earned.

• 7 The company paid $1,680 cash for two weeks' salaries earned by employees.

• 8 The company paid $800 cash for minor repairs to the company's computer.

• 9 The company paid $400 cash for this month's telephone bill.

• 10 Griffin withdrew $1,800 cash from the company for personal use.

• 11 Prepaid insurance of $120 has expired this month.

• 12 At month-end, $950 of supplies are still available. Record the required adjusting entry, if any.

• 13 This month's depreciation on the computer is $260. Record the required adjusting entry, if any.

• 14 Employees earned $672 of unpaid and unrecorded salaries as of month-end. Record the required adjusting entry, if any.

• 15 The company earned $1,800 of commissions that are not yet billed at month-end. Record the required adjusting entry, if any.

• 16 Record the entry to close the revenue account(s).

• 17 Record the entry to close the expense account(s).

• 18 Record the entry to close Income summary.

• 19 Record the entry to close the owner's withdrawals account.

Based on the 1960–2005 period, if a Canadian company were to import from Brazil and must pay in Brazilian reias when the goods are delivered in 90 days, should the company get the currency through the spot or the futures market? Why? Would it be different if the company had to pay in US$? Explain.

Especially, this part "Would it be different if the company had to pay in US$? ", please explain in detail. thanks

On the subject of Social Determinants of Health, I have a few questions I have to answer like describe overall impression of how we are doing in terms of social determinants? What surprised you the most? Where do you see us doing a good job? What social determinants factors negatively the health of individuals? From a ethical standpoint how can we do bter as a country? As a state? As a community? As a individual?

Big Bonus or Bigger Bonus: Comparing Future Values

CONGRATULATIONS!!!  You have just been offered your dream job after graduating   from Jacksonville University.  In response to your negotiations concerning your compensation package, the company has offered you a couple of different stock options in addition to the agreed upon salary.

Under the first option, you would receive stocks with a value of $2,000,000 at the end of each year.  This option also includes an additional $4,000,000 bonus that you would receive for staying at the company for 3 years.

Under the second option, you would receive stocks with a value of $1,000,000 at the end of each year.  This option also includes an additional $8,000,000 bonus that you would receive for staying at the company for 3 years.

Assume that these stocks grow at a rate of 11% compounded monthly.  Moreover, assume that you will leave the company at the end of your fourth year to start your own firm. Which option will you choose. (The more money you have to start your own firm, the better.)

Your formal solutions should include ...
⦁   The overall goal and/or purpose.
⦁   The given information
⦁   A time-line for each option
⦁   A future value for each individual stock payment provided you by the company
⦁   The total future value of each option at the time you plan to leave the company
⦁   Your conclusion

Critically evaluate the following statement: “The only accountability owed by a business is to its shareholders”

Address the following in your answer: a) A discussion of the above statement from a “business case” perspective, including what this perspective tells us in relation to the purpose of business, and who businesses should be accountable to.

b) A discussion of the above statement from a “stakeholder accountability” perspective, including what this perspective tells us in relation to the purpose of business and, who businesses should be accountable to. Use at least TWO different stakeholder groups as examples to support your discussion.

c) In your opinion, which of the above perspectives (business case OR stakeholder accountability) do you think best addresses the objective of accounting to provide useful information to users? Explain why.

Who develops the technology?

Who controls the technology (or does it control us)?

Should there be “human intervention” in the technology development and use (e.g. are “robots” building “robots”)?

How does “surveillance” and “oversight” of the technology blur the lines of the impact of invasion of privacy versus security?

orley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 8%. For example, if a hospital buys supplies from Worley that cost Worley $100 to buy from manufacturers, Worley would charge the hospital $108 to purchase these supplies.

For years, Worley believed that the 8% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown:

Worley gathered the data below for two of the many hospitals that it serves—University and Memorial (each hospital purchased medical supplies that had cost Worley $35,000 to buy from manufacturers):

Required:

1. Compute the total revenue that Worley would receive from University and Memorial.

2. Compute the activity rate for each activity cost pool.

3. Compute the total activity costs that would be assigned to University and Memorial.

4. Compute Worley’s customer margin for University and Memorial. (Hint: Do not overlook the $35,000 cost of goods sold that Worley incurred serving each hospital.)

2. GMAT scores are required for admission to JHJ’s MBA program. GMAT scores are known to be normally distributed with a mean of 490 points and a standard deviation of 61 points. a. 25% of the scores of applicants are less than what score? b. 75% of the scores of applicants are less than what score? c. 25% of the scores of applicants are less than what score? d. 80% of the scores of applicants are more than what score? e. Only applicants in the top 10% of all GMAT scores, are admitted to the MBA program. What score is required to be admitted to the MBA program.

Students taking the Graduate Management Admissions Test (GMAT) were asked about their undergraduate major and intent to pursue their MBA as a full-time or part-time student. A summary of their responses follows. Undergraduate Major Business Engineering Other Totals Intended Enrollment Status Full-Time 371 197 251 819 Part-Time 150 161 194 505 Totals 521 358 445 1,324 If required, round your answers to four decimal places. (a) Develop a joint probability table for these data. Undergraduate Major Business Engineering Other Totals Intended Enrollment Status Full-Time Part-Time Totals (b) Use the marginal probabilities of undergraduate major (business, engineering, or other) to comment on which undergraduate major produces the most potential MBA students. P(B) = , P(E) = , and P(O) = , so business is the undergraduate major that produces the most potential MBA students. (c) If a student intends to attend classes full-time in pursuit of an MBA degree, what is the probability that the student was an undergraduate engineering major? P (Engineering | Full-Time) = (d) If a student was an undergraduate business major, what is the probability that the student intends to attend classes full-time in pursuit of an MBA degree? P (Full-Time | Business) = (e) Let F denote the event that the student intends to attend classes full-time in pursuit of an MBA degree, and let B denote the event that the student was an undergraduate business major. Are events F and B independent?