Questions
Company Balanced Scorecard Financial reduce cost increase profits increase revenue in targeted markets Customer Improvement customized...

Company Balanced Scorecard

Financial reduce cost increase profits increase revenue in targeted markets
Customer Improvement customized customer experience increase awareness as an industry leader
Internal Business Processor Improve Internal Efficiency Increase Acquisitions Increase Consulting Knowledge sharing Improve Product/Service Offerings
Learning & Growth Increase Employee Expertise Optimize Technology Optimize Human Capital Improve Thought Leadership

Using the four perspectives, design a balanced scorecard for the organization you either work for or volunteer.e examples.)

  1. Complete your strategy map and identify the relationships among the strategy objectives you determined.

All of your strategic objectives should begin with an action word (Improve, Reduce, Increase, Optimize, Maximize, Minimize are examples.) Complete your strategy map and identify the relationships among the strategy objectives you determined.

In: Accounting

Our company has the following partial Balance Sheet: Cash $1,000,000 Unearned Revenue $70,000 Common Stock $1...

Our company has the following partial Balance Sheet:

Cash

$1,000,000

Unearned Revenue

$70,000

Common Stock $1 par 2,000,000 shares issued

$2,000,000

Paid in Capital in excess of par – Common Stock

$500,000

Treasury Stock $10 cost

$150,000

Paid in Capital in excess of cost basis – Treasury Stock

$15,000

Retained Earnings

$640,000

Preferred Stock $1000 par 6%

$600,000

Paid in Capital in excess of par – Preferred Stock

$200,000

  1. What is our total stock holders’ equity?
  1. $3,785,000
  2. $4,105,000
  3. $3,805,000
  4. $8,605,000
  1. How many Common shares are issued and outstanding?
  1. 2,000,000 and 1,850,000
  2. 2,000,000 and 2,000,000
  3. 2,000,000 and 1,985,000
  4. 1,985,000 and 1,985,000
  1. If we sell the existing Treasury stock for $135,000 we should record:
  1. A loss on sale of $15,000.
  2. A credit to Paid in Capital in excess of cost for $15,000.
  3. A debit to Retained Earnings of $15,000
  4. A debit to Paid in Capital in excess of cost for $15,000.
  1. Our stock has a Fair market Value of $12 per share on the day we exchange it for $600,000 of legal services. The journal entry to record this would include a:
  1. Credit to the Common Stock account for $600,000
  2. Credit to the Common Stock account for $550,000
  3. Credit to the Paid-in-capital in excess of par account for $550,000
  4. Credit to the Paid-in-capital in excess of par account for $50,000
  1. We generated $120,000 of net income for 2011. How much of this should go to the preferred share holders?
  1. $120,000
  2. $114,000
  3. $100,000
  4. $36,000
  1. We decide to issue a 50 percent stock split. The effect on our financial statements will be:
  1. A decrease in Retained Earnings
  2. An increase in Retained Earnings
  3. An increase in total stock holders equity
  4. No effect
  1. We decide to sell an additional 10,000 Common shares that are authorized. The fair market value of the shares on the sale date is $13 per share. The effect on the financial statements is:
  1. An increase in total assets of $130,000
  2. An increase in the common stock account of $130,000
  3. An increase in the gain on sale of stock account of $120,000
  4. An increase in the paid-in-capital in excess of par account of $30,000

In: Accounting

At some time in the future, it is expected that the venture will be profitable enough...

At some time in the future, it is expected that the venture will be profitable enough to start making investments. In order to diversify the risks inherent in investing in individual stocks, the enterprise can choose between mutual funds, index funds, and exchange-traded funds. Describe each of these types of funds and explain which type would be the least risky. You may supplement your answer using outside sources.

In: Finance

Suppose you are looking for some investment opportunities in the stock market. 1. You observe that...

Suppose you are looking for some investment opportunities in the stock market. 1. You observe that Google or Alphabet Inc. (goog) is currently traded at $1133 per share. However, it has never paid any dividends to its shareholders. Your friend concluded that the stock price of google is totally overvalued by applying the dividend discount model. Do you agree? Explain your answer.

In: Economics

The supply curve for agricultural labour is given by W=6+0.1L, where is the wage (price per...

The supply curve for agricultural labour is given by W=6+0.1L, where is the wage (price per unit) and the L quantity traded. Employers are willing to pay a wage of $12 to all workers who are willing to work at that wage; hence the demand curve isW=12.(a) Illustrate the market equilibrium, if you are told that the equilibrium occurs where L=60. (b) Compute the supplier surplus at this equilibrium.

In: Economics

Stock or exchange rate market is an excellent example of trade that involves both national and...

Stock or exchange rate market is an excellent example of trade that involves both national and international markets. What is unique about stock market, unlike other traded goods, is its volatility and exposure to risk. What kind of decision-making strategies do you ought to be followed in situations where uncertainty in decision making is compounded due to an inherent risk in the market (e.g., stock market)?

In: Economics

Dodd Co. acquired 75% of the common stock of Wallace Corp. for $1,800,000. The fair value...

Dodd Co. acquired 75% of the common stock of Wallace Corp. for $1,800,000. The fair value of Wallace’s net assets was $2,100,000, and the book value was $1,900,000. The noncontrolling interest shares of Wallace Corp. are not actively traded. What is the dollar amount of noncontrolling interest that should appear in a consolidated balance sheet prepared at the date of acquisition?

A. 525,000 B. 475,000 C. 600,000 D. 450,000 E. 75,000

In: Accounting

Refer to the search you performed in the Learning Activities on the U.S. Securities and Exchange...

Refer to the search you performed in the Learning Activities on the U.S. Securities and Exchange Commission's (SEC) website. This search should have produced a variety of financial documents for the publically traded companies you searched. Identify one of said companies from the SEC site and discuss the nature of the information provided in the documents. What statements were provided? Why were these particular documents provided? What was there purpose?

In: Finance

In this market, price is given by P= 24 - Q/2. Firm 1 moves first, the...

In this market, price is given by P= 24 - Q/2. Firm 1 moves first, the firm 2. The firms have the cost functions C(q)= q^2.

1. Find the marginal revenue for firm 2.

2. What is the reaciton function for firm 2?

3. Find the marginal revenue for firm 1.

4. What is the equilibrium price and quantity?

In: Economics

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to...

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers:

page 10 of the journal

Mar. 2 Sold merchandise on account to Equinox Co., $19,200, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $14,260.
3 Sold merchandise for $11,450 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $6,930.
4 Sold merchandise on account to Empire Co., $52,890, terms FOB shipping point, n/eom. The cost of merchandise sold was $33,880.
5 Sold merchandise for $30,850 plus 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,430.
12 Received check for amount due from Equinox Co. for sale on March 2.
14 Sold merchandise to customers who used American Express cards, $15,060. The cost of merchandise sold was $9,150.
16 Sold merchandise on account to Targhee Co., $26,800, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $15,500.
18 Issued credit memo for $1,400 to Targhee Co. for damaged merchandise from sale on March 16

page 11 of the journal

19 Sold merchandise on account to Vista Co., $7,950, terms FOB shipping point, 2/10, n/30. Added $100 to the invoice for prepaid freight. The cost of merchandise sold was $4,670.
26 Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18.
28 Received check for amount due from Vista Co. for sale of March 19.
31 Received check for amount due from Empire Co. for sale of March 4.
31 Paid Fleetwood Delivery Service $6,040 for delivery of merchandise in March to customers under shipping terms of FOB destination.
Apr. 3 Paid City Bank $880 for service fees for handling MasterCard and American Express sales during March.
15 Paid $6,020 to state sales tax division for taxes owed on sales.

Required:

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Chart of Accounts

CHART OF ACCOUNTS
Amsterdam Supply Co.
General Ledger
ASSETS
110 Cash
121 Accounts Receivable-Empire Co.
122 Accounts Receivable-Equinox Co.
123 Accounts Receivable-Targhee Co.
124 Accounts Receivable-Vista Co.
125 Notes Receivable
130 Merchandise Inventory
131 Estimated Returns Inventory
140 Office Supplies
141 Store Supplies
142 Prepaid Insurance
180 Land
192 Store Equipment
193 Accumulated Depreciation-Store Equipment
194 Office Equipment
195 Accumulated Depreciation-Office Equipment
LIABILITIES
210 Accounts Payable
216 Salaries Payable
218 Sales Tax Payable
219 Customer Refunds Payable
221 Notes Payable
EQUITY
310 Owner, Capital
311 Owner, Drawing
REVENUE
410 Sales
610 Interest Revenue
EXPENSES
510 Cost of Merchandise Sold
521 Delivery Expense
522 Advertising Expense
524 Depreciation Expense-Store Equipment
525 Depreciation Expense-Office Equipment
526 Salaries Expense
531 Rent Expense
533 Insurance Expense
534 Store Supplies Expense
535 Office Supplies Expense
536 Credit Card Expense
539 Miscellaneous Expense
710 Interest Expense

Journal

Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Scroll down for page 11 of the journal.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

PAGE 11

JOURNAL

ACCOUNTING EQUATION

In: Accounting