Create the following positions based upon a job analysis: Mailroom clerk: Entry level for a long-term existing company in San Diego, CA Manager in the marketing department: Mid-level position in a start-up company in Scottsdale, AZ Prepare standard job descriptions of 350 words for each of the positions with the following sections: Job summary Job requirements (minimum education, experience and certifications, and/or training required) Job functions (detailed description of the job duties); Make sure each duty begins with a present action verb. Other information (KSAs, physical requirements, working conditions, reporting relationships, location, travel requirements and working hours) Prepare a 350-word paper after the job descriptions are created that includes the following: Explain the pay scale appropriate for the each job (local vs. regional vs. national) and why the pay scale is appropriate to ensure market competitiveness. Discuss direct and indirect compensation plans that match that of the company's life cycle for each job. Format your paper consistent with APA guidelines.
In: Operations Management
Sales-Related Transactions Using Perpetual Inventory System
The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to other businesses and occasionally to retail customers:
| July 1. | Sold merchandise on account to Landscapes Co., $59,820, terms FOB shipping point, n/eom. The cost of the goods sold was $33,100. |
| 2. | Sold merchandise for $12,450 plus 6% sales tax to retail cash customers. The cost of the goods sold was $7,140. |
| 5. | Sold merchandise on account to Peacock Company, $17,500, terms FOB destination, 1/10, n/30. The cost of the goods sold was $12,280. |
| 8. | Sold merchandise for $29,100 plus 6% sales tax to retail customers who used VISA cards. The cost of the goods sold was $18,230. |
| 13. | Sold merchandise to customers who used MasterCard cards, $13,030. The cost of the goods sold was $7,800. |
| 14. | Sold merchandise on account to Loeb Co., $29,200, terms FOB shipping point, 1/10, n/30. The cost of the goods sold was $15,060. |
| 15. | Received check for amount due from Peacock Company for sale on July 5. |
| 16. | Issued credit memo to Loeb Co. for merchandise with an invoice amount of $4,300 returned from the sale on July 14. The cost of the merchandise returned was $2,630. |
| 18. | Sold merchandise on account to Jennings Company, $9,000, terms FOB shipping point, 2/10, n/30. Paid $60 for freight and added it to the invoice. The cost of the goods sold was $5,250. |
| 24. | Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16. |
| 28. | Received check for amount due from Jennings Company for sale of July 18. |
| 31. | Paid Black Lab Delivery Service $5,530 for merchandise delivered during July to customers under shipping terms of FOB destination. |
| 31. | Received check for amount due from Landscapes Co. for sale of July 1. |
| Aug. 3. | Paid Hays Federal Bank $800 for service fees for handling MasterCard and VISA sales during July. |
| 10. | Paid $6,463 to state sales tax division for taxes owed on sales. |
Required:
Journalize the entries to record the transactions of Green Lawn Supplies Co. If an amount box does not require an entry, leave it blank.
In: Accounting
Sani, a graduate from Universiti Putra Malaysia, started the Merchandise Company with RM50,000 cash on January 2019. Below are the one month transactions of his company.
1/1 Bought goods from A & Co. for RM10,000 cash.
2/1 Bought Goods for Cash 5,000
3/1 Bought Goods from B & Co. for cash 6,000
4/1 Purchased Goods from C & Co. on credit 8,000
4/1 Brought in RM60,000 Cash to business
5/1 Sold goods worth 8,000 to P
5/1 Bought furniture from Modern Furniture for 10,000
5/1 Purchased goods for cash 15,000
6/1 Purchased goods from B. Sen & Co for 30,000
6/1 Opened a bank account by depositing 16,000
6/1 Sold goods to Zahir Khan for 10,000
6/1 Bought machinery for 6,000 and payment made by cheque
6/1 Payment to B.Sen & Co by cheque 5,000
6/1 Interest paid through cheque 2,000
6/1 Sold goods for cash 10,000
7/1 Cash sales for 6,000
7/1 Sold goods to Q for cash 4,000
8/1 Sold goods to R on credit 8,000
10/1 Returned goods to A & Co. 2,000
15/1 Goods returned from P 1,000
15/1 Goods returned by Zahir Khan for 2,000
15/1 Withdrew from bank for personal use 3,000
18/1 Goods taken by the proprietor for personal use 1,000
19/1 Withdrew from bank for office expenses 10,000
20/1 Cheque received from Zahir Khan 5,000
20/1 Commission received by cheque 5,000
20/1 Bought furniture 10,000
25/1 Purchased machinery for cash 25,000
26/1 Bought computer from Intel & Co. 30,000
27/1 Cash sales 5,000
29/1 Cash purchases 6,000
30/1 Paid electricity bill for 100
31/1 Paid Salaries by Cheque RM7,000
31/1 Closing Stocks is valued using FIFO method worth RM30,000
Required:
1. Prepare journal entries for the above transactions.
2. Prepare the trial balance.
In: Accounting
Sales-Related Transactions Using Perpetual Inventory System
The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers:
| July 1. | Sold merchandise on account to Landscapes Co., $15,200, terms FOB shipping point, n/eom. The cost of merchandise sold was $9,100. |
| 2. | Sold merchandise for $21,700 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $14,100. |
| 5. | Sold merchandise on account to Peacock Company, $37,700, terms FOB destination, 1/10, n/30. The cost of merchandise sold was $24,500. |
| 8. | Sold merchandise for $8,000 plus 5% sales tax to retail customers who used VISA cards. The cost of merchandise sold was $4,800. |
| 13. | Sold merchandise to customers who used MasterCard cards, $6,000. The cost of merchandise sold was $3,800. |
| 14. | Sold merchandise on account to Loeb Co., $11,300, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $6,700. |
| 15. | Received check for amount due from Peacock Company for sale on July 5. |
| 16. | Issued credit memo for $1,700 to Loeb Co. for merchandise returned from sale on July 14. The cost of the merchandise returned was $1,000. |
| 18. | Sold merchandise on account to Jennings Company, $5,800, terms FOB shipping point, 2/10, n/30. Paid $260 for freight and added it to the invoice. The cost of merchandise sold was $3,500. |
| 24. | Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16. |
| 28. | Received check for amount due from Jennings Company for sale of July 18. |
| 31. | Paid Black Lab Delivery Service $1,600 for merchandise delivered during July to customers under shipping terms of FOB destination. |
| 31. | Received check for amount due from Landscapes Co. for sale of July 1. |
| Aug. 3. | Paid Hays Federal Bank $1,070 for service fees for handling MasterCard and VISA sales during July |
| 10. | Paid $1,960 to state sales tax division for taxes owed on sales. |
Required:
Journalize the entries to record the transactions of Green Lawn Supplies Co. For a compound transaction, if no entry is required, leave the entry box blank.
In: Accounting
Sales-Related Transactions Using Perpetual Inventory System
The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers:
| July 1. | Sold merchandise on account to Landscapes Co., $12,300, terms FOB shipping point, n/eom. The cost of merchandise sold was $7,400. |
| 2. | Sold merchandise for $27,800 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $18,100. |
| 5. | Sold merchandise on account to Peacock Company, $36,000, terms FOB destination, 1/10, n/30. The cost of merchandise sold was $23,400. |
| 8. | Sold merchandise for $12,100 plus 5% sales tax to retail customers who used VISA cards. The cost of merchandise sold was $7,300. |
| 13. | Sold merchandise to customers who used MasterCard cards, $7,000. The cost of merchandise sold was $4,400. |
| 14. | Sold merchandise on account to Loeb Co., $14,600, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $8,600. |
| 15. | Received check for amount due from Peacock Company for sale on July 5. |
| 16. | Issued credit memo for $2,200 to Loeb Co. for merchandise returned from sale on July 14. The cost of the merchandise returned was $1,200. |
| 18. | Sold merchandise on account to Jennings Company, $7,400, terms FOB shipping point, 2/10, n/30. Paid $220 for freight and added it to the invoice. The cost of merchandise sold was $4,400. |
| 24. | Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16. |
| 28. | Received check for amount due from Jennings Company for sale of July 18. |
| 31. | Paid Black Lab Delivery Service $1,610 for merchandise delivered during July to customers under shipping terms of FOB destination. |
| 31. | Received check for amount due from Landscapes Co. for sale of July 1. |
| Aug. 3. | Paid Hays Federal Bank $960 for service fees for handling MasterCard and VISA sales during July |
| 10. |
Paid $2,610 to state sales tax division for taxes owed on sales. |
Required:
Journalize the entries to record the transactions of Green Lawn Supplies Co. For a compound transaction, if no entry is required, leave the entry box blank.
In: Accounting
The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers:
| July 1. | Sold merchandise on account to Landscapes Co., $12,900, terms FOB shipping point, n/eom. The cost of merchandise sold was $7,700. |
| 2. | Sold merchandise for $20,300 plus 5% sales tax to retail cash customers. The cost of merchandise sold was $13,200. |
| 5. | Sold merchandise on account to Peacock Company, $35,600, terms FOB destination, 1/10, n/30. The cost of merchandise sold was $23,100. |
| 8. | Sold merchandise for $10,500 plus 8% sales tax to retail customers who used VISA cards. The cost of merchandise sold was $6,300. |
| 13. | Sold merchandise to customers who used MasterCard cards, $9,000. The cost of merchandise sold was $5,700. |
| 14. | Sold merchandise on account to Loeb Co., $13,400, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $7,900. |
| 15. | Received check for amount due from Peacock Company for sale on July 5. |
| 16. | Issued credit memo for $2,000 to Loeb Co. for merchandise returned from sale on July 14. The cost of the merchandise returned was $1,100. |
| 18. | Sold merchandise on account to Jennings Company, $5,900, terms FOB shipping point, 2/10, n/30. Paid $270 for freight and added it to the invoice. The cost of merchandise sold was $3,500. |
| 24. | Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16. |
| 28. | Received check for amount due from Jennings Company for sale of July 18. |
| 31. | Paid Black Lab Delivery Service $1,810 for merchandise delivered during July to customers under shipping terms of FOB destination. |
| 31. | Received check for amount due from Landscapes Co. for sale of July 1. |
| Aug. 3. | Paid Hays Federal Bank $1,100 for service fees for handling MasterCard and VISA sales during July |
| 10. | Paid $2,130 to state sales tax division for taxes owed on sales. |
Required:
Journalize the entries to record the transactions of Green Lawn Supplies Co. For a compound transaction, if no entry is required, leave the entry box blank.
In: Accounting
Manny Co is a listed company that plans to spend K10m on expanding its existing business. It has been suggested that the money could be raised by issuing 9% loan notes redeemable in ten years’ time. Current financial information on Manny Co is as follows.
Income statement information for the last year
K000
Profit before interest and tax 7,000
Interest (500)
Profit before tax 6,500
Tax (1,950)
Profit for the period 4,550
Balance sheet for the last year K000 K000
Non-current assets 20,000
Current assets 20,000
Total assets 40,000
Equity and liabilities
Ordinary shares, par value K1 5,000
Retained earnings 22,500
Total equity 27,500
10% loan notes 5,000
9% preference shares, par value K1 2,500
Total non-current liabilities 7,500
Current liabilities 5,000
Total equity and liabilities 40,000
The current ex div ordinary share price is K4.50 per share. An ordinary dividend of 35 cents per share has just been paid and dividends are expected to increase by 4% per year for the foreseeable future. The current ex div preference share price is 76.2 cents. The loan notes are secured on the existing non-current assets of Manny Co and are redeemable at par in eight years’ time. They have a current ex interest market price of K105 per K100 loan note. Manny Co pays tax on profits at an annual rate of 30%.
The expansion of business is expected to increase profit before interest and tax by 12% in the first year. Manny Co has no overdraft.
Average sector ratios:
Financial gearing: 45% (prior charge capital divided by equity capital on a book value basis)
Interest coverage ratio: 12 times
Required:
(a) Calculate the current weighted average cost of capital of Manny Co.
(b) Discuss whether financial management theory suggests that Manny Co can reduce its weighted average cost of capital to a minimum level.
(c) Evaluate and comment on the effects, after one year, of the loan note issue and the expansion of business on the following ratios:
(i) Interest coverage ratio;
(ii) Financial gearing;
(iii) Earnings per share.
Assume that the dividend growth rate of 4% is unchanged.
In: Finance
Sales-Related Transactions Using Perpetual Inventory System
The following selected transactions were completed by Green Lawn Supplies Co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers:
| July 1. | Sold merchandise on account to Landscapes Co., $14,300, terms FOB shipping point, n/eom. The cost of merchandise sold was $8,600. |
| 2. | Sold merchandise for $20,500 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $13,300. |
| 5. | Sold merchandise on account to Peacock Company, $35,100, terms FOB destination, 1/10, n/30. The cost of merchandise sold was $22,800. |
| 8. | Sold merchandise for $12,400 plus 7% sales tax to retail customers who used VISA cards. The cost of merchandise sold was $7,400. |
| 13. | Sold merchandise to customers who used MasterCard cards, $5,500. The cost of merchandise sold was $3,500. |
| 14. | Sold merchandise on account to Loeb Co., $11,700, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $6,900. |
| 15. | Received check for amount due from Peacock Company for sale on July 5. |
| 16. | Issued credit memo for $1,800 to Loeb Co. for merchandise returned from sale on July 14. The cost of the merchandise returned was $1,000. |
| 18. | Sold merchandise on account to Jennings Company, $6,300, terms FOB shipping point, 2/10, n/30. Paid $230 for freight and added it to the invoice. The cost of merchandise sold was $3,800. |
| 24. | Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16. |
| 28. | Received check for amount due from Jennings Company for sale of July 18. |
| 31. | Paid Black Lab Delivery Service $1,900 for merchandise delivered during July to customers under shipping terms of FOB destination. |
| 31. | Received check for amount due from Landscapes Co. for sale of July 1. |
| Aug. 3. | Paid Hays Federal Bank $1,100 for service fees for handling MasterCard and VISA sales during July |
| 10. | Paid $2,410 to state sales tax division for taxes owed on sales. |
Required:
Journalize the entries to record the transactions of Green Lawn Supplies Co. For a compound transaction, if no entry is required, leave the entry box blank.
In: Accounting
The most important international trade organization with the largest membership, that grants members special trade privileges, is the
A.
World Trade Organization.
B.
European Union.
C.
General Agreement on Tariffs and Trade.
D.
North American Free Trade Agreement.
In: Economics
Suppose the American Cornhole League mandates a minimum salary for each player on the tour. What will be the result of this rule? Excess demand for Cornhole players Excess supply of Cornhole players A market equilibrium where supply meets demand Salaries are uncertain
In: Economics