Questions
You have just been promoted to the position of a Project Manager for a mega construction...

You have just been promoted to the position of a Project Manager for a mega construction company with project sites across the Provinces in Canada. How would you describe to your team members the impact of governance on managing an individual project and why is the approach important to today’s business environment?

In: Operations Management

Entries for Selected Corporate Transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of...

Entries for Selected Corporate Transactions

Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows:

Common Stock, $10 stated value (400,000 shares authorized, 260,000 shares issued) $2,600,000
Paid-In Capital in Excess of Stated Value-Common Stock 500,000
Retained Earnings 5,900,000
Treasury Stock (26,000 shares, at cost) 364,000

The following selected transactions occurred during the year:

Jan. 22. Paid cash dividends of $0.14 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $32,760.
Apr. 10. Issued 50,000 shares of common stock for $800,000.
June 6. Sold all of the treasury stock for $442,000.
July 5. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share.
Aug. 15. Issued the certificates for the dividend declared on July 5.
Nov. 23. Purchased 16,000 shares of treasury stock for $304,000.
Dec. 28. Declared a $0.17-per-share dividend on common stock.
31. Closed the credit balance of the income summary account, $6,136,000.
31. Closed the two dividends accounts to Retained Earnings.

Required:

1. The January 1 balances have been entered in T accounts for the stockholders' equity accounts. Record the above transactions in the T accounts and provide the December 31 balance where appropriate.

Common Stock
Jan. 1 Bal. 2,600,000
Dec. 31 Bal.


Paid-In Capital in Excess of Stated Value-Common Stock
Jan. 1 Bal. 500,000
Dec. 31 Bal.


Retained Earnings
Jan. 1 Bal. 5,900,000
Dec. 31 Bal.


Treasury Stock
Jan. 1 Bal. 364,000
Dec. 31 Bal.


Paid-In Capital from Sale of Treasury Stock


Stock Dividends Distributable


Stock Dividends


Cash Dividends

2. Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

Jan. 22. Paid cash dividends of $0.14 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $32,760.

Date Account Debit Credit
Jan. 22

Apr. 10. Issued 50,000 shares of common stock for $800,000.

Date Account Debit Credit
Apr. 10

June 6. Sold all of the treasury stock for $442,000.

Date Account Debit Credit
June 6

July 5. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share.

Date Account Debit Credit
July 5

Aug. 15. Issued the certificates for the dividend declared on July 5.

Date Account Debit Credit
Aug. 15

Nov. 23. Purchased 16,000 shares of treasury stock for $304,000.

Date Account Debit Credit
Nov. 23

Dec. 28. Declared a $0.17-per-share dividend on common stock.

Date Account Debit Credit
Dec. 28

Dec. 31. Closed the credit balance of the income summary account, $6,136,000.

Date Account Debit Credit
Dec. 31

Dec. 31. Closed the two dividends accounts to Retained Earnings.

Date Account Debit Credit
Dec. 31

3. Prepare a retained earnings statement for the year ended December 31, 20Y5. Assume that Morrow Enterprises Inc. had net income for the year ended December 31, 20Y5, of $6,136,000.

Morrow Enterprises Inc.
Retained Earnings Statement
For the Year Ended December 31, 20Y5
Dividends:
$

4. Prepare the Stockholders' Equity section of the December 31, 20Y5, balance sheet.

Morrow Enterprises Inc.
Stockholders' Equity
As of December 31, 20Y5
Paid-In-Capital:
  Total Paid-In Capital
Total
Total Stockholders' Equity $

In: Accounting

After having the opportunity to complete the Internet and Interactive Media Marketing course, what would you...

After having the opportunity to complete the Internet and Interactive Media Marketing course, what would you change and why? What topic particularly caught your interest and what do you want to know more about? Last, but not least, if you could share with the next class one piece of advice about this class, what would it be? Please note that this pertains to the class, the materials, flow/organization, etc.

In: Operations Management

Two of the most central lessons of organizational culture are that (1) different companies have very...

Two of the most central lessons of organizational culture are that (1) different companies have very different cultures and subcultures, and (2) the fit between a person and the culture is a critical factor in determining job success and satisfaction. With that in mind, assume you have just received two job offers and both firms have offered the same pay, same job description, and same geographic location. So your hope is to begin to sort out which of those firms would be the best fit for you.

(a) What types of culture differences are most important to you in an organization?

(b) What questions would you ask to determine this and why (tie to chapter concepts)?

(c) What would be the sources of information (systems, rituals, traditions, values) you would seek to help determine the nature of each culture, and your potential fit? (It may help if you think about your own organization if you are working, or research a well known company, and then give an example.)

In: Operations Management

Write the appropriate nuclear equation for the following description- K-40, a beta-particle emitter, is a naturally...

Write the appropriate nuclear equation for the following description- K-40, a beta-particle emitter, is a naturally occurring potassium isotope found in some foods

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What is a good application of an RC circuit? Explain how the RC circuit carries out its function in the application.

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Write a program in c++ using only while and for loops . Use of arrays and...

Write a program in c++ using only while and for loops . Use of arrays and functions is not allowed.

Given the first value, generate the next ten terms of the sequence like 1, 2, 4, 8, 16, 22, 26,
38, 62, 74, 102, 104, …

Explaination with code is required.

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Entrepreneurship starts with an idea. Without being critical or judgmental, brainstorm a set of 10 ideas that could lead to the start up of a new business. Screen your ideas and select those that would enjoy the greatest market demand, the most attractive market structure and size, and the best profit margins. which if these screens caused most of the ideas to be discarded? What additional information would you need to seek out to answer all the screening questions?

In: Operations Management

6) Provide an example of counting in your everyday life. Think of an example where you...

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In: Math

Please find your own example for the following category (at least one example per category). Briefly...

Please find your own example for the following category (at least one example per category). Briefly explain your example with the product picture that you could search on the internet.

(a)   a new-to-the-world product

(b) a new product line

(c)   an addition to existing product lines

(d) an improvement or revision of existing products

(e)   a repositioned product

(f)   a lower-cost product

In: Operations Management

You are doing rotation in hospital's clinical laboratory. A sample of cloudy cerebrospinal fluid (CSF) from...

You are doing rotation in hospital's clinical laboratory. A sample of cloudy cerebrospinal fluid (CSF) from suspected meningitis case arrives and you are told to gram stain it and then plate it on blood agar and chocolate agar. In gram stain you find gram negative bacilli of varying size and shape. You also find lot of bacteria inside phagocytic cells. They are not diplococci.

Later charge nurse tell you the patient, a 3 year old girl, has not received any childhood vaccinations.

1. what is most likely causative agent .How do you know?

2.Explain your results on blood and chocolate agar.

3. Why is the fact that agent is not diplococci significant.

4. Give background info on the causative agent. Also explain what is causing the cloudiness in the CSF fluid.

5. Is this type of infection most often accompanied by increased PMNs, or increased lymphocytes. Explain.

6. Give detailed info about your choice organism: microbial characteristic, nutritional requirements, and growth characteristics(i.e facultative anaerobe, acidophile, capsule forming, lophotrichous flagella..)

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The Economist Intelligence Unit, in its 2014 report entitled, “Closing the Skills Gap: Companies and Colleges...

The Economist Intelligence Unit, in its 2014 report entitled, “Closing the Skills Gap: Companies and Colleges Collaborating for Change,” presents findings from a survey of 343 senior business executives. When asked what skills are most important to them for employees to have, 63% cite collaboration and teamwork skills. The only skill set ranked higher was critical thinking.

Business schools and their regulatory bodies correspondingly place a high level of emphasis on team and groupwork. Understanding that the output of teamwork should be larger than the sum of its individual parts, what do you see as the benefits and challenges of working in teams, specifically in an online learning program targeted at adult learners?

In: Operations Management

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa...

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows:

2018 2019 2020
Cost incurred during the year $ 2,059,000 $ 2,627,000 $ 2,655,400
Estimated costs to complete as of year-end 5,041,000 2,414,000 0
Billings during the year 2,190,000 2,496,000 5,314,000
Cash collections during the year 1,895,000 2,400,000 5,705,000


Westgate recognizes revenue over time according to percentage of completion.

3. Complete the information required below to prepare a partial balance sheet for 2018 and 2019 showing any items related to the contract. (Do not round intermediate calculations.)

In: Accounting

Why was Ronald Reagan called the Great Communicator?

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Provide citation for one written article online and discuss how it suggests what we should do...

Provide citation for one written article online and discuss how it suggests what we should do to speak with confidence. (Just provide one article that suggests how to speak with confidence, and briefly describes what that article talks about)

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