Type: Individual Project
Due Date: Wed, 04/12/17
Points Possible: 100
Deliverable Length: 1-2 pages; journal entries, trial balances, financial statements, and
ratio calculations
Description:
This company is an American multinational information technology company. In this
assignment, you are going to complete the entire accounting cycle for the last
month of the physical year ending May 31, 2015:
The company uses the following accounts:
Cash Capital Stock
Accounts Receivable
Inventory Retained Earnings
Prepaid Rent Dividends
Unexpired Insurance Income Summary
Office Supplies Sales
Rental Equipment Salaries Expense
Accumulated Depreciation: Computer Equipment Repair Expense
Cable Expense
Notes Payable Utilities Expense
Accounts Payable Rent Expense
Interest Payable Office Supplies Expense
Salaries Payable Depreciation Expense
Dividends Payable Interest Expense
Unearned Sales
The company performs adjusting entries monthly. Closing entries are performed
annually on May 31.
During May, the corporation entered into the following transactions:
May 1: Issued 40,000 shares of capital stock in exchange for a total of $400,000 cash.
May 1: Purchased a piece of equipment to be used in the operations of the business for
$300,000 that will assist with a more efficient production. Paid $100,000
cash and issued a two-year note payable for $200,000. The note plus all 24 months of
accrued interest are due April 30, 2017. The interest rate on the note is
5%.
May 1: Paid $15,000 to SSR as three months’ advance rent on the warehouse used in
daily manufacturing.
May 4: Paid salaries in May totaling $27,000. (Ignore payroll taxes.)
May 8: Purchased office supplies (e.g., copy paper, ink toner, pens, etc.) on
account from Office Depot, $4,200. Payment due in 30 days.
May 15: Excluding the Wilmington General advance, fees earned during the first
15 days of May amounted to $95,100, of which $47,000 was received in cash.
The remaining amount will be customer purchases on account.
May 18: Purchased on account from Parts Plus, Inc., $1,700 in parts needed to
repair a server for a local law firm. (Debit an expense account.) Payment is due
in 10 days.
May 23: Collected $22,000 of the accounts receivable recorded on May 15.
May 26: Paid salaries in May totaling $27,000. (Ignore payroll taxes.)
May 27: Paid the account payable to Parts Plus., $1,700.
May 28: Declared a dividend of 10 cents per share, payable on June 15, 2015.
May 29: Paid the May utilities in the amount of $985.
May 31: Purchased a 24-month warranty insurance policy for $24,000. This
policy protects the company against liability for defects and warranties for the
computer equipment that is sold and leased. The policy goes into effect on June
1, 2015.
May 31: Paid monthly cable bill of 684 to Suddenlink.
May 31: Collected Sales earned during the second half of May, which amounted
to $120,700 and of which $86,300 was received in cash. The remaining amount
is customer purchases on account.
Data for Adjusting Entries
1 . The advance payment of rent on May 1 covered a period of three months.
2. The annual interest rate on the note payable is 5 percent.
3. The machine purchased May 1, 2015 is being depreciated by the straight-line
method over a period of five years.
4. Office supplies on hand at May 31 are estimated at $440.
5. Employee salaries earned by employees since the last payroll date (May 26)
amounted to $9,642 at the month end.
Instructions
Complete the following for this assignment:
Journalize the May transactions.
Prepare an unadjusted trial balance.
Prepare the necessary adjusting entries for May. Prepare an adjusted trial balance.
Prepare a balance sheet, an income statement, and a statement of retained
earnings for the year ended May 31, 2015.
Prepare closing entries.
Prepare a post-closing trial balance. The post-closing trial balance should reveal
only permanent accounts that remain open for the next accounting period.
Prepare 3 profitability ratios, 3 liquidity ratios, and 2 solvency ratios (be sure to
show your calculations).
After completing the accounting cycle and financial analysis, summarize the
results in a double-spaced paper of 1-2 pages. The paper should be properly
developed and formatted according to APA formatting guidelines.
Please submit your assignment.
Reference
HP. (n.d.). Retrieved from http://www.hp.com/
Objectives:
Apply critical thinking and relevant concepts to the final project
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem
Prepare a formal technical report of the in-depth research and application of prior
course concepts
Research current trends and utilize program concepts to support the project
solution Unit 2: Identifying Contributing Factors
Description:
Identifying Contributing Factors
Reading Assignments:
Weirich, Chapter 9 Unit 2 - Intellipath
Type: Intellipath
Due Date: Tue, 04/18/17
Points Possible: 100
Deliverable Length: See assignment details
Description:
There are 3 steps to complete this task.
Step 1: Determine Knowledge (Complete this step by Friday)
Have you completed your Determine Knowledge yet?
Click on the intellipath icon link on your classroom Home page. A landing page will appear. Select the current unit.
If you are just starting a unit, you will find the Determine Knowledge link icon
under the What to do first heading.
Step 2: Learning Path
After completing the Determine Knowledge, follow the instructions to begin
working on your Learning Path.
Your path is personalized to you; it only includes lessons that will help you learn
the material for the unit.
Make note of the color coding as you move through your Learning Path.
One tip as you work through your lessons:
To save your work in the system when you are finished with a lesson, you will
click the Exit button and select Save for next time to save your work for the
unit.
Step 3: Practice and Revision
Want to improve your score?
Try the Practice and Revise features.
To learn more about intellipath features, click here.
How do you make the most out of the intellipath experience?
Understand the following key system features for your best experience:
The personalized learning system is designed to adjust to your strengths and
determine your areas of opportunity based on your Determine Knowledge.
Completing the Determine Knowledge prior to working on your path allows the
system to create your Learning Path. Do not forget to do this step at the
beginning of each unit.
Select the Learn command when you are ready to begin an available lesson.
Lessons are where the learning occurs for each unit. Everything you need to
know for the unit can be found in the lesson. The lessons are connected
throughout
the entire course. Working on one lesson influences learning on other lessons in
the course. Learning is a continuum throughout the course, assessment is
constant, and by revising lessons, you can continually improve.
Mastery level is a moment in time that describes your current knowledge level.
Mastery level is real-time information and changes as you work in the system.
Improving your mastery level for each unit should be your goal. Mastery level is
one aspect of your score, but it is not the same as your score.
Progress indicates the amount of knowledge that you have covered based on the
lessons assigned to you for each unit. Completing 100% of the lessons should be your goal for each unit.
There are three ways to use the Practice feature, as follows:
1 . Practice exercises can be assigned by your instructor.
2. The system will assess how you are doing and assign practice activities.
3. You select your practice activities. Choose Practice once you have completed
the lesson and when you have a good understanding of the material but
want to improve.
Choose Quick practice when you want to practice a completed lesson but you
want a limited number of questions.
Choose Revise once you have completed the lesson and when you feel like you
need to learn more on a topic; choosing the Revise button will begin a new
lesson providing you an opportunity to improve your lesson mastery.
Objectives:
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem Unit 2 - Individual Project
Type: Individual Project
Due Date: Wed, 04/19/17
Points Possible: 100
Deliverable Length: 1,750-2,000 words
Description:
Using the analysis of the financial statements for a this well-known information
technology company from the Unit 1 Individual Project, complete the following:
Further analyze the financial ratios and trend analysis to evaluate and make
management decisions.
Develop a business decision that evaluates a growth or improvement opportunity
for the company.
Using analysis, determine whether it should be accepted or rejected by the
organization.
Prepare a strategic plan to the board of directors of the company that includes
analysis of financial information and recommendations for increased profitability.
As part of your analysis, be sure to evaluate risks and opportunities as well as
alternatives to the proposed plan.
Note: Some content may be included from your Week 1 ratio analysis.
Please submit your assignment.
Reference
HP. (n.d.). Retrieved from http://www.hp.com/ Objectives:
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem
Research current trends and utilize program concepts to support the project
solution Unit 3: Data Collection. Ethical Concerns
Description:
Data Collection. Ethical Concerns
Reading Assignments:
Weirich, Chapter 7 Unit 3 - Discussion Board
Type: Discussion Board
Due Date: Tue, 04/25/17
Points Possible: 75
Deliverable Length: 500-750 words
Description:
Primary Discussion Response is due by Friday (11:59:59pm Central), Peer
Responses are due by Tuesday (11:59:59pm Central).
Primary Task Response: Within the Discussion Board area, write 400–
600 words that respond to the following questions with your thoughts, ideas, and
comments.
This will be the foundation for future discussions by your classmates. Be
substantive and clear, and use examples to reinforce your ideas:
Click here to read an article that discusses transfer pricing and what
manufacturers need to know. Write a memo to management that addresses the
following
questions:
What are the major potential ethical issues that the company could encounter
when using a negotiated transfer pricing model instead of a market-based
transfer
pricing model?
How can company management avoid these ethical issues in the future?
Responses to Other Students: Respond to at least 2 of your fellow classmates
with at least a 100-word reply about their Primary Task Response regarding
items you
found to be compelling and enlightening. To help you with your discussion,
please consider the following questions: What did you learn from your classmate's posting?
What additional questions do you have after reading the posting?
What clarification do you need regarding the posting?
What differences or similarities do you see between your posting and other
classmates' postings?
In response to the input of your classmates, you should to address the following:
Whether or not the selected data will support proving the workability of the
solution
How the data may be better presented
For assistance with your assignment, please use your text, Web resources,
and all course materials.
Reference
Bowen, D., O'Meara, J., & Thornton, G. (2011, February 24). What pricing
manufacturers need to know about transfer pricing. Retrieved from the
IndustryWeek Web
site:
http://www.industryweek.com/articles/what_manufacturers_need_to_know_about
_transfer_pricing_23980.aspx?page=1
Objectives:
Research current trends and utilize program concepts to support the project
solution Unit 3 - Individual Project
Type: Individual Project
Due Date: Wed, 04/26/17
Points Possible: 100
Deliverable Length: 3,000-5,000 words
Description:
Assignment Details
Since the 1950s, companies have seen the advantage of operating in various
countries as multinational corporations (MNCs), and today, almost all large
companies are
considered to be an MNC. Once again, the MNC is under scrutiny by authorities
for trying to avoid income taxes and for keeping money offshore.
This information technology company is an MNC that claims to do business in
over 100 countries, and management has concerns that the company might run
afoul of
the treasury regulations in computing income between subsidiaries that require your input. For this assignment, you will prepare a report to management:
Utilizing the five steps for conducting tax research, complete the following:
Give an overview of the history of Internal Revenue Service (IRS) regulations
concerning the allocation of income and deductions. Be sure to pay particular
attention to the MNC.
Prepare a report on at least 2 companies that have been accused of illegal price
transfer or allocation of income.
Provide guidance to management on how to avoid issues with the IRS in
conducting business with overseas subsidiaries.
Be sure to include a title page and references for this assignment.
Please submit your assignment.
Reference
HP. (n.d.). Retrieved from http://www.hp.com/
Objectives:
Apply critical thinking and relevant concepts to the final project
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem Unit 4: Recommendations for Improvement
Description:
Recommendations for Improvement
Reading Assignments:
Weirich, Chapters 3, 4, and 8 Unit 4 - Discussion Board
Type: Discussion Board
Due Date: Tue, 05/02/17
Points Possible: 50
Deliverable Length: See assignment details
Description:
Primary Discussion Response is due by Friday (11:59:59pm Central), Peer
Responses are due by Tuesday (11:59:59pm Central).
Primary Task Response: Within the Discussion Board area, write 750–
1,000 words that respond to the following questions with your thoughts, ideas, an
d comments.
This will be the foundation for future discussions by your classmates. Be
substantive and clear, and use examples to reinforce your ideas.
In every integrated audit, the auditor is tasked with understanding the internal
control environment and assessing that environment as it relates to management assertions. This assessment process is performed throughout all stages of the
audit.
Complete the following for this assignment:
Discuss the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) internal control framework and financial management
assertions.
How are the COSO internal control framework and management assertions
related?
Why is conducting this process important?
Responses to Other Students: Respond to at least 2 of your fellow classmates
with at least a 100-word reply about their Primary Task Response regarding
items you
found to be compelling and enlightening. To help you with your discussion,
please consider the following questions:
What did you learn from your classmate's posting?
What additional questions do you have after reading the posting?
What clarification do you need regarding the posting?
What differences or similarities do you see between your posting and other
classmates' postings?
In response, to the input from your classmates, you will need to address the
following:
Will the selected data support proving the workability of the solution? Explain
your response.
How may the data be better presented?
For assistance with your assignment, please use your text, Web resources,
and all course materials.
Objectives:
Apply critical thinking and relevant concepts to the final project
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem
Prepare a formal technical report of the in-depth research and application of prior
course concepts
Research current trends and utilize program concepts to support the project
solution Unit 4 - Individual Project
Type: Individual Project
Due Date: Wed, 05/03/17 Points Possible: 100
Deliverable Length: 4-6 slides with speaker notes
Description:
Using the integrated audit framework, develop an audit program presentation
using relevant financial and operational information provided in the case. For this
assignment, be sure to identify relevant areas that will be audited, objectives,
control tests, substantive tests, documentation, and sampling procedures. The
audit
program should be developed based one of the following business cycles:
Review process
Purchasing process
Human resource management process
Inventory management process
Financing and investing process
The relevant assertions to be used as audit objectives are as follows:
Existence
Completeness
Accuracy or valuation
Rights and obligations
Presentation and disclosure
The audit program should be designed for a well-known information technology
company. You should review relevant information from the case as well as
perform further
research regarding the company. Consider past and present issues that could be
relevant or that could impact the audit. Include the methodology that was
developed to
design the audit program.
Your audit program should be developed in the form of a PowerPoint presentatio
n with 4–6 slides and speaker notes for each slide.
Please submit your assignment.
Objectives:
Apply critical thinking and relevant concepts to the final project
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem
Prepare a formal technical report of the in-depth research and application of prior
course concepts
Research current trends and utilize program concepts to support the project solution Unit 5: Prevention Strategy
Description:
Prevention Strategy
Reading Assignments:
Weirich, Chapters 3, 4, and 7-9 (revisit) Unit 5 - Discussion Board
Type: Discussion Board
Due Date: Tue, 05/09/17
Points Possible: 40
Deliverable Length: At least 300 words
Description:
Summative Discussion Board
Review and reflect on the knowledge you have gained from this course. Based
on your review and reflection, write at least 3 paragraphs on the following:
What were the most compelling topics learned in this course?
How did participating in discussions help your understanding of the subject
matter? Is anything still unclear that could be clarified?
What approaches could have yielded additional valuable information?
Responses to Other Students: Respond to at least 1 of your fellow classmates
with at least a 100-word reply about his or her Primary Task Response regarding
items
you found to be compelling and enlightening. To help you with your discussion,
please consider the following questions:
What did you learn from your classmate's posting?
What additional questions do you have after reading the posting?
What clarification do you need regarding the posting?
What differences or similarities do you see between your posting and other
classmates' postings?
Primary Discussion Response is due by Friday (11:59:59pm Central), Peer
Responses are due by Tuesday (11:59:59pm Central).
For assistance with your assignment, please use your text, Web resources,
and all course materials.
Objectives:
Apply critical thinking and relevant concepts to the final project
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem Prepare a formal technical report of the in-depth research and application of prior
course concepts
Research current trends and utilize program concepts to support the project
solution Unit 5 - Individual Project
Type: Individual Project
Due Date: Wed, 05/10/17
Points Possible: 250
Deliverable Length: 7,500–13,500 total words; new content of 1,000–
2,000 words
Description:
Analyze your previous submissions, and make changes as necessary to the final
paper to be prepared this week. Continue development of the project or research
with
an abstract and a proposed implementation strategy. This is the final section of
the Key Assignment and should bring together all of the aspects of the project
and
research in one cohesive paper. Revise previous sections so that the entire
document flows and has a strong introduction and conclusion.
For this assignment, you will add an abstract and proposed implementation to
your research paper, which will include a detailed description of your prevention
strategy.
Finally, you will further refine the report and produce the final draft version.
Updates may be based on peer and instructor feedback.
The project deliverables are as follows:
Update the research document's title page with a new date.
Update previously completed sections based on your instructor's feedback.
Complete the following for your Management Research Document:
Review the entire document for any changes and improvements you would like to
make.
Ensure that this final version of the document is sufficiently detailed to fully meet
the assignment requirements for each part of the course.
Add the following new content:
Compilation of Findings, Conclusions, and Recommendations
Develop and incorporate an abstract into the final draft of the research paper.
Produce a final proposed plan for implementation of the solution.
Include a detailed prevention strategy. Be sure to update your table of contents before submission.
Name the document "yourname_ACCT650_IP5.doc."
Please submit your assignment.
Objectives:
Apply critical thinking and relevant concepts to the final project
Demonstrate the integration and utilization of key concepts and knowledge from
prior courses to solve the selected problem
Prepare a formal technical report of the in-depth research and application of prior
course concepts
Research current trends and utilize program concepts to support the project
solution Course Policies
Academic Honesty and Integrity
All CTU Online students are expected to conform to the accepted standards of
Academic Honesty. Students agree that by taking courses through Colorado Tech
Online all required papers may be subject to submission for textual similarity
review for the detection of plagiarism. All submitted papers will be included as
source
documents in the reference database solely for the purpose of detecting
plagiarism of such papers.
Any clear violations of these standards, such as cheating, violating copyright
laws, or plagiarism are handled promptly, firmly, privately, and fairly by the
Professor. The
Professor will promptly notify the Academic Department of the discovery of the
incident. First-time violations may result in an "F" being assigned for the course
in which
the violation occurs and the placement of a letter in the student's file. A second
violation may result in dismissal from the University.
The student may appeal any decision according to the appeals process listed in
the course catalog. Cheating
Cheating shall be defined as:
Copying to any extent the work of another student
Intentionally assisting another student during an examination
Having access to material related to an examination during an examination
Possessing or having access to unauthorized copies of an examination
Departing from any stated examination conditions Plagiarism
The American Heritage Dictionary defines plagiarism as "To appropriate
passages or ideas from another and use them as one's own."
Plagiarism involves:
Submitting another person's work as one's own
Submitting work from any source that is not properly acknowledged by footnote,
bibliography, or reference within a paper
Submitting work pieced together from phrases and/or sentences from various
sources without acknowledgement
Submitting work with another person's phrase(s) rearranged without
acknowledgement
Submitting work that uses any phrase, sentence, or stylistic mannerism without
acknowledgement
Omitting quotation marks from any directly quoted material
Failure to use three dots (...) to indicate omission of one or more words
Any other actions deemed to be plagiarism by the faculty Originality Policy
We at Colorado Technical University (CTU) value integrity, honesty, and originalit
y. In order to uphold these values in the classroom, CTU utilizes the TurnitIn®
Originality Verification Tool. This tool assists Faculty, students, & staff by ensuring
that all student work adheres to the University’s Academic Integrity policy.
Students are encouraged to utilize this tool prior to their official submission to ens
ure that the work they are producing is in fact their own. While the TurnitIn®
Originality Verification Tool does not detect plagiarism, it does assist in the
investigation and verification of overall integrity of the material provided by the
student.
The University places emphasis on the following originality guidelines:
1 . Students are expected to produce work that displays proper use of the most
up-to-date version of APA. This includes, but is not limited to, the us...

 

• 1492735927-Unit 1 IP.xlsx
• 1492735930-Unit 1 IP.docx

SuperTutor

(15)

Status NEW Posted 21 Apr 2017 12:04 AM My Price 20.00

-----------

Attachments

file 1492735939-Solutions file.docx preview (56 words )

S-----------olu-----------tio-----------ns -----------fil-----------e -----------Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly----------- on-----------lin-----------e a-----------nd -----------giv-----------e y-----------ou -----------exa-----------ct -----------fil-----------e a-----------nd -----------the----------- sa-----------me -----------fil-----------e i-----------s a-----------lso----------- se-----------nt -----------to -----------you-----------r e-----------mai-----------l t-----------hat----------- is----------- re-----------gis-----------ter-----------ed -----------onÂ----------- th-----------is -----------web-----------sit-----------e. ----------- H-----------YPE-----------RLI-----------NK -----------&qu-----------ot;-----------htt-----------p:/-----------/wo-----------rkb-----------ank-----------247-----------.co-----------m/&-----------quo-----------t; -----------\t -----------&qu-----------ot;-----------_bl-----------ank-----------&qu-----------ot;----------- -----------Tha-----------nk -----------you----------- -----------

Not Rated(0)

• Buy Answer