Wildhorse, Inc. decided to establish a petty cash fund to help ensure

Wildhorse, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April.

1. On April 1, it established a petty cash fund in the amount of $264.
2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows.
Delivery charges paid on merchandise purchased        $75
Supplies purchased and used        40
Postage expense        48
I.O.U. from employees        32
Miscellaneous expense        51

The petty cash fund was replenished on April 10. The balance in the fund was $15.

3. The petty cash fund balance was increased by $115 to $379 on April 20.

Prepare the journal entries to record transactions related to petty cash for the month of April. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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From inception of operations to December 31, 2017, Sunland Corporation

From inception of operations to December 31, 2017, Sunland Corporation provided for uncollectible accounts receivable under the allowance method. The provisions are recorded, based on analyses of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account, and no year-end adjustments to the allowance account were made. Sunland’s usual credit terms are net 30 days.

The balance in Allowance for Doubtful Accounts was $135,700 at January 1, 2017. During 2017, credit sales totaled $9,016,200, the provision for doubtful accounts was determined to be $90,162, $90,162 of bad debts were written off, and recoveries of accounts previously written off amounted to $20,000. Sunland installed a computer system in November 2017, and an aging of accounts receivable was prepared for the first time as of December 31, 2017. A summary of the aging is as follows.
Classification by

Month of Sale        Balance in
Each Category        Estimated %
Uncollectible
November–December 2017        $1,180,600            2%
July–October        659,600            10%
January–June        440,500            24%
Prior to 1/1/17        157,100            81%
$2,437,800

Based on the review of collectibility of the account balances in the “prior to 1/1/17” aging category, additional receivables totaling $62,100 were written off as of December 31, 2017. The 81% uncollectible estimate applies to the remaining $95,000 in the category. Effective with the year ended December 31, 2017, Sunland adopted a different method for estimating the allowance for doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable.

Prepare a schedule analyzing the changes in Allowance for Doubtful Accounts for the year ended December 31, 2017. Show supporting computations in good form. (Hint: In computing the 12/31/17 allowance, subtract the $62,100 write-off.)

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IT 417 Week 1 (ETL Requirements Analysis)

IT 417 Week 1: ETL Requirements Analysis

Describe the general enterprise environment for the case study organization.

Describe the data that require ETL to create business information.

Describe the specific information requirements for the case study organization to be specifying the data that are to be extracted.

Describe the 4-layered approach that is used for the ETL architecture design.

Analyze the role of each of the following layers as applied to the specific goals and objectives for analysis:

Functional

Operational management

Audit, balance, and control

Utility

Create a high-level diagram that shows the data source destination (target) flow patterns.

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P9-9 Assume the following facts for the current year

P9-9 Assume the following facts for the current year:

Net income $200,000
Common dividends $ 20,000
Preferred dividends (The preferred stock is not convertible.) $ 10,000
Common shares outstanding on January 1 20,000 shares
Common stock issued on July 1 5,000 shares
2-for-1 stock split on December 31

Required

a. Compute the earnings per share for the current year.
b. Earnings per share in the prior year was $8.00. Use the earnings per share computed in
(a) and present a two-year earnings per share comparison for the current year and the
prior year.

P 9-10

Smith and Jones, Inc. is primarily engaged in the worldwide production, processing, distribution, and marketing of food products. The following information is from its 2011 annual report:

2011 2010
Earnings per share $ 1.08 $ 1.14
Cash dividends per common share $ 0.80 $ 0.76
Market price per common share $ 12.94 $ 15.19
Common shares outstanding 25,380,000 25,316,000
Total assets $1,264,086,000 $1,173,924,000
Total liabilities $ 823,758,000 $ 742,499,000
Nonredeemable preferred stock $ 16,600,000 $ 16,600,000
Preferred dividends $ 4,567,000 $ 930,000
Net income $ 32,094,000 $ 31,049,000

Required

a. Based on these data, compute the following for 2011 and 2010:

1. Percentage of earnings retained
2. Price/earnings ratio
3. Dividend payout
4. Dividend yield
5. Book value per share

b. Discuss your findings from the viewpoint of a potential investor.

P 9-14

Answer the following multiple-choice questions:

a. In 2009 and 2010, Zoret Company reported earnings per share of $0.80 and $1.00, respectively. In 2011, Zoret Company declared a 4-for-1 stock split. For the year 2011, Zoret Company reported earnings of $0.30 per share. The appropriate earnings per share presentation for a three-year comparative analysis that includes 2009, 2010, and 2011 would be

2011 2010 2009
1. $0.30 $0.25 $0.80
2. $0.30 $4.00 $3.20
3. $0.30 $0.25 $0.20
4. $1.20 $0.25 $0.20
5. $1.20 $4.00 $3.20

b. The degree of financial leverage for Zorro Company was 1.50 when EBIT was reported at $1,000,000. If EBIT goes to $2,000,000, the accompanying change in net income will be

1. $2,500,000.
2. $3,000,000.
3. $2,000,000.
4. $1,500,000.
5. $1,000,000.

c. In 2012, Zello Company declared a 10% stock dividend. In 2011, earnings per share was $1.00. When the 2011 earnings per share is disclosed in the 2012 annual report, it will be disclosed at

1. $1.00.
2. $1.10.
3. $1.20.
4. $0.91.
5. $0.81.

d. Which of the following ratios usually reflects investors’ opinions of the future prospects for the firm?

1. Dividend yield
2. Book value per share
3. Price/earnings ratio
4. Earnings per share
5. Dividend payout

e. Which of the following ratios gives a perspective on risk in the capital structure?

1. Book value per share
2. Dividend yield
3. Dividend payout
4. Degree of financial leverage
5. Price/earnings ratio

f. The earnings per share ratio is computed for

1. Convertible bonds.
2. Redeemable preferred stock.
3. Common stock.
4. Nonredeemable preferred stock.
5. None of the above.

g. Increasing financial leverage can be a risky strategy from the viewpoint of stockholders of companies having

1. Steady and high profits.
2. Low and falling profits.
3. Relatively high and increasing profits.
4. A low debt/equity ratio and relatively high profits.
5. None of the above.

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The balance sheet for Schultz Bone Company at December 31, 2011

P 8-3 The balance sheet for Schultz Bone Company at December 31, 2011 had the following account balances:

Total current liabilities (non-interest-bearing) $450,000
Bonds payable, 6% (issued in 1982; due in 2018) 750,000
Preferred stock, 5%, $100 par 300,000
Common stock, $10 par 750,000
Premium on common stock 150,000
Retained earnings 600,000

Income before income tax was $200,000, and income taxes were $80,000 for the current
year.

Required Calculate each of the following:

a. Return on assets (using ending assets)
b. Return on total equity (using ending total equity)
c. Return on common equity (using ending common equity)
d. Times interest earned

P 8-13
Required Answer the following multiple-choice questions:

a. Which of the following is not considered to be a nonrecurring item?

1. Discontinued operations
2. Extraordinary items
3. Cumulative effect of change in accounting principle
4. Interest expense
5. None of the above.

b. Ideally, which of these ratios will indicate the highest return for an individual firm?

1. Return on assets
2. Return on assets variation
3. Return on investments
4. Return on total equity
5. Return on common equity

c. If a firm’s gross profit has declined substantially, this could be attributed to all but which of the following reasons?

1. The cost of buying inventory has increased more rapidly than selling prices.
2. Selling prices have declined due to competition.
3. Selling prices have increased due to competition.
4. The mix of goods has changed to include more products with lower margins.
5. Theft is occurring.

d. Gross profit analysis could be of value for all but which of the following?

1. Projections of profitability
2. Estimating administrative expenses
3. Inventory for interim statements
4. Estimating inventory for insurance claims
5. Replacing the physical taking of inventory on an annual basis

e. Total asset turnover measures

1. Net income dollars generated by each dollar of sales.
2. The ability of the firm to generate sales through the use of the assets. 3. The firm’s ability to make productive use of its property, plant, and equipment
through generation of profits.
4. The relationship between the income earned on the capital invested.
5. Return to the common shareholders.

f. Equity earnings can represent a problem in analyzing profitability because

1. Equity earnings may not be related to cash flow.
2. Equity earnings are extraordinary.
3. Equity earnings are unusual.
4. Equity earnings are not from operations.
5. Equity earnings are equal to dividends received.

g. Which of the following is not a type of operating asset?

1. Intangibles
2. Receivables
3. Land
4. Inventory
5. Building

h. Earnings based on percent of holdings by outside owners of consolidated subsidiaries are termed

1. Equity earnings.
2. Earnings of subsidiaries.
3. Investment income.
4. Noncontrolling interest.
5. None of the above.

i. Net profit margin × total asset turnover measures

 
1. DuPont return on assets.
2. Return on investment.
3. Return on stockholders’ equity.
4. Return on common equity.
5. None of the above.

j. Return on assets cannot rise under which of the following circumstances? Net profit margin Total asset turnover

1. Decline Rise
2. Rise Decline
3. Rise Rise
4. Decline Decline
5. The ratio could rise under
all of the above.

k. A reason that equity earnings create a problem in analyzing profitability is because

1. Equity earnings are nonrecurring.
2. Equity earnings are extraordinary.
3. Equity earnings are usually less than the related cash flow.
4. Equity earnings relate to operations.
5. None of the above.

l. Which of the following ratios will usually have the highest percent?

1. Return on investment
2. Return on total equity
3. Return on common equity
4. Return on total assets
5. There is not enough information to tell.

m. Which of the following ratios will usually have the lowest percent?

1. Return on investment
2. Return on total equity
3. Return on common equity
4. Return on total assets
5. There is not enough information to tell.

n. Which of the following items will be reported on the income statement as part of net income?

1. Prior period adjustment
2. Unrealized decline in market value of investments
3. Foreign currency translation
4. Gain from selling land
5. None of the above.

o. Noncontrolling interest in earnings is

1. The total earnings of unconsolidated subsidiaries.
2. Earnings based on the percent of holdings by the parent of unconsolidated subsidiaries.
3. Total earnings of unconsolidated subsidiaries.
4. Earnings based on the percent of holdings by outside owners of unconsolidated subsidiaries.
5. None of the above.

p. Which of the following could cause return on assets to decline when net profit margin is increasing?

1. Purchase of land at year-end
2. Increase in book value
3. A stock dividend
4. Increased turnover of operating assets
5. None of the above.

P 8-14
Warranty Obligations—Ethics Consideration

The Bishop Company has a balance in the warranty obligation account of $400,000. An analysis of the products sold under warranty indicates that a balance of $900,000 should be adequate for this year-end. The president of Bishop Company directs that the balance be adjusted to $600,000. If more is needed, it will be adjusted next quarter. The president indicates that there is not
adequate liquidity currently to pay more than $600,000.

Required
a. 1. Adjusting to $600,000 will add how much to expense for the current year?
2. Adjusting to $900,000 will add how much to expense for the current year?
b. If the balance in the warranty obligation account is not adequate, will this prevent
subsequent payments? Comment.
c. Comment on the ethics of not providing a balance that is reasonably close to what the
analysis indicates.

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COM 101 Assignment 1 Communication Self-Assessment

COM 101 Assignment 1: Communication Self-Assessment

In this assignment, you will be assessing how well you communicate. You will first take a communication quiz; then, you will provide a short reflection based on your quiz results.

Part 1: Take the Communication Quiz

Go to http://www.mindtools.com/pages/article/newCS_99.htm and take the communication quiz to measure your communication skills.
Take a screenshot of your quiz results. Note: You will be submitting a screenshot of your quiz results along with your reflection.My test results are attached

Part 2: Review the feedback of your quiz results and create a refection discussing your results. You will write a one to two (1-2) page paper in which you:

Summarize the results of your communication quiz by keeping the following questions in mind:What kind of communicator did you believe you were prior to taking the quiz?
After taking the communication quiz, what did the results tell you about how you really communicate?
Provide a conclusion that discusses lessons learned after taking the communication quiz. Next describe three (3) characteristics of an effective communicator; then, suggest two (2) ways you can improve your own communication
Use correct sentence mechanics, gramma

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HLT 362V Week 3 Statistics Exercise 16 and 17

HLT 362V Week 3 – Statistics Exercise 16 and 17

Exercise 16 -Understanding Independent Samples t-Test

1. What do degrees of freedom ( df ) mean? Canbulat et al. (2015) did not provide the df s in their study. Why is it important to know the df for a t ratio? Using the df formula, calculate the df for this study.

2. What are the means and standard deviations ( SD s) for age for the Buzzy intervention and control groups? What statistical analysis is conducted to determine the difference in means for age for the two groups? Was this an appropriate analysis technique? Provide a rationale for your answer.

3. What are the t value and p value for age? What do these results mean?

4. What are the assumptions for conducting the independent samples t -test?

5. Are the groups in this study independent or dependent? Provide a rationale for your answer.

6. What is the null hypothesis for procedural self-reported pain measured with the Wong Baker

Faces Scale (WBFS) for the two groups? Was this null hypothesis accepted or rejected in this

study? Provide a rationale for your answer.

7. Should a Bonferroni procedure be conducted in this study? Provide a rationale for your answer.

8. What variable has a result of t = − 6.135, p = 0.000? What does the result mean?

9. In your opinion, is it an expected or unexpected finding that both t values on Table 2 were found to be statistically significant. Provide a rationale for your answer.

10. Describe one potential clinical benefit for pediatric patients to receive the Buzzy intervention

that combined cold and vibration during IV insertion.

Exercise 17 Understanding Paired or Dependent Samples t-Test

1. What are the assumptions for conducting a paired or dependent samples t -test in a study? Which of these assumptions do you think were met by the Lindseth et al. (2014) study?

2. In the introduction, Lindseth et al. (2014) described a “2-week washout between diets.” What

does this mean? Why is this important?

3. What is the paired t -test value for mood (irritability) between the participants ’ consumption of high- versus low-aspartame diets? Is this result statistically signifi cant? Provide a rationale for your answer.

4. State the null hypothesis for mood (irritability) that was tested in this study. Was this hypothesis accepted or rejected? Provide a rationale for your answer.

5. Which t value in Table 2 represents the greatest relative or standardized difference between the high- and low-aspartame diets? Is this t value statistically significant? Provide a rationale for your answer.

6. Discuss why the larger t values are more likely to be statistically significant.

7. Discuss the meaning of the results regarding depression for this study. What is the clinical importance of this result?

8. What is the smallest, paired t -test value in Table 2 ? Why do you think the smaller t values are

not statistically significant?

9. Discuss the clinical importance of these study results about the consumption of aspartame.

Document your answer with a relevant source.

10. Are these study findings related to the consumption of high- and low-aspartame diets ready for implementation in practice? Provide a rationale for your answer.

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HLT 362V Week 3 Statistics Exercise 31 and 32

HLT 362V Statistics Exercise 31 and 32

Exercise 31 – Calculating t-tests for Independent Samples

1. Do the example data meet the assumptions for the independent samples t -test? Provide a rationale for your answer.

2. If calculating by hand, draw the frequency distributions of the dependent variable, wages earned.  What is the shape of the distribution? If using SPSS, what is the result of the Shapiro-Wilk test of normality for the dependent variable?

3. What are the means for two group ’ s wages earned?

4. What is the independent samples t -test value?

5. Is the t -test significant at a = 0.05? Specify how you arrived at your answer.

6. If using SPSS, what is the exact likelihood of obtaining a t -test value at least as extreme or as

close to the one that was actually observed, assuming that the null hypothesis is true?

7. Which group earned the most money post-treatment?

8. Write your interpretation of the results as you would in an APA-formatted journal.

9. What do the results indicate regarding the impact of the supported employment vocational

rehabilitation on wages earned?

10. Was the sample size adequate to detect significant differences between the two groups in this

example? Provide a rationale for your answer.

Exercise 32 Calculating t-tests for Paired (Dependent) Samples

1. Do the example data meet the assumptions for the paired samples t -test? Provide a rationale for your answer.

2. If calculating by hand, draw the frequency distributions of the two variables. What are the shapes of the distributions? If using SPSS, what are the results of the Shapiro-Wilk tests of normality for the two variables?

3. What are the means for the baseline and posttreatment affective distress scores, respectively?

4. What is the paired samples t -test value?

5. Is the t -test significant at α = 0.05? Specify how you arrived at your answer.

6. If using SPSS, what is the exact likelihood of obtaining a t- test value at least as extreme as or as close to the one that was actually observed, assuming that the null hypothesis is true?

7. On average, did the affective distress scores improve or deteriorate over time? Provide a rationale for your answer.

8. Write your interpretation of the results as you would in an APA-formatted journal.

9. What do the results indicate regarding the impact of the rehabilitation on emotional distress

levels?

10. What are the weaknesses of the design in this example?

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Explain the flow of funds within an organization including private pay

Healthcare Finance and Private Health Insurance

Explain the flow of funds within an organization including private pay and third party reimbursement.

Assignment Description:

This week you will reflect upon accountability in healthcare to answer the following questions:

How can you prevent abuses and inefficiencies in third party payments?
  Briefly define the flow of funds in the Care Organization.
What challenges do consumers face who are enrolled in private insurance?
What methods can you use to empower the consumer?

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Create a matrix or Venn diagram comparing five features of presentation

Create a matrix or Venn diagram comparing five features of presentation software.

Using these five features, compare two presentation programs.

Include a reflection on how the programs meet or fail to meet your expectations.

Choose a delivery format for your comparison:

Matrix created in a Microsoft® Office® program and a reflection summary

or

Venn Diagram and a reflection summary  Note: Tips can be found at the Microsoft® Office® Support website: Venn Diagram

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