Inventory Valuation and Credit
To begin, read the following scenario:
Company 1 and Company 2 are online retailers. Both companies are
basically identical and follow the same accounting practices except that
Company A uses LIFO and Company B uses FIFO to value their inventory.
Because of rising inventory costs, both companies need additional
capital to manage their operations.
For your initial discussion post, reflect on these questions:
If Company A and Company B apply for a loan at their local bank and
the bank bases its decision on net income, which company is more likely
to obtain the loan? Explain.
What if the bank based its decision on cash flows associated with
the inventory costing valuation method the company uses? Which company
might be better positioned to obtain the loan? Elaborate your responses
and provide an example as needed to support your assessment.
For your responses, focus on the following questions: Do you agree
with your classmates’ responses as far as which company might obtain the
loan if the bank bases its decision on net income and/or cash flows?
Why or why not? How has the discussion impacted your understanding of
the effects of FIFO and LIFO inventory methods on net income and cash
flows? Support your responses to classmates with additional research
and/or examples of your understanding of these inventory valuation
methods.
Be sure to post at least one reference in support of your explanations and conclusions.
Best Writer
What are the purposes of each of your example adjusting entries?
Adjusting Entries
For your initial Discussion post, describe at least two typical
adjusting entries a service-type business would need to record to bring
account balances up-to-date.
For your examples, one of the adjusting entries should be an accrual and another a deferral. You may use similar examples
as those in your textbook and you may also research other typical
adjusting entries for service-type companies. Be sure to address the
following questions:
What are the purposes of each of your example adjusting entries?
Why are these adjusting entries required?
What if the company does not record these adjusting entries? Would financial statements be accurate? Why or why not?
Should the adjusting entries described be posted to the general
ledger before preparing an adjusted trial balance? Why or why not?
Beyond the explanations above, post the actual adjusting entries (with accounts, debits and credits) for each of your examples.
For your replies, comment on the differences and/or commonalities
between the posted adjusting entries and consider the following
questions: Do you agree that these entries must be made before preparing
financial statements? What new insight regarding adjusting entries have
you gained from your classmates’ posts? Support your responses with
further research and/or additional adjusting entry examples.
Be sure to post at least one reference in support of your explanations and conclusions.
Describe the type of business you would like to start.
Starting a Business
Business types are generally classified as either service,
merchandising, or manufacturing entities. Oftentimes, however, a
business may be involved in more than one endeavor such as providing a
service and selling a product at the same time. As far as ownership, a
business may be owned by one individual (proprietorship), by two or more
persons (partnership), or by many investors (corporation).
Assume that you want to start a business; what would it be? Describe
the type of business you would like to start. Would it be classified as
a service, a merchandiser, a manufacturer, or a hybrid (more than one)
type of business? Conduct research as needed and explain your
classification. What form of ownership would you prefer? Proprietorship,
partnership, or corporation? If a corporation, what type of
corporation? What factors would you consider in making your
determination? Research the benefits and potential drawbacks of your
chosen form of ownership beyond the information provided in the
textbook.
Additionally, list at least three asset accounts and three liability
accounts you would expect your new business to have. Explain the
purpose of each account to your specific business.
Lastly, assume you were to invest $50,000 cash into your new
business venture. Present the journal entry that would be created to
record this transaction. Then, show how your ownership interest would be
presented in the equity section of the business balance sheet.
Be sure to post at least one reference in support of your explanations and conclusions.
For your replies, consider the following questions: How does your
type of business differ from that of your peers? How are they similar?
Do you agree/disagree with your classmates’ form of business ownership?
Do your peers identify further information that would help you in your
selection process? Also, comment on the assets and liabilities listed
and on the presentation of equity due to the $50,000 owner’s investment
into the business venture.
Describe how COVID-19 has impacted your pathway to becoming a Physician Assistant.
Describe how COVID-19 has impacted your pathway to becoming a Physician Assistant. The questions below will help you get started, but do not limit your responses to only these considerations.
Academic: Did your school move to an online-only curriculum? Were you able to interact with your professors? Did you have to leave an academic program stateside or abroad? Did your school require you to move to the Pass/Fail grading system? Did your original GRE exam get canceled or delayed? Were there Other academic barriers?
Professional: Did you hold a job? Did you have to go out and seek new job opportunities? Did you lose a job? Were there other financial or professional barriers that you faced?
Personal: Did you have to move out of a house or dorm? Did you have to cancel travel plans? Did you modify your planned experiences related to healthcare or volunteer opportunities? Did you seek out volunteer opportunities that arose from the crisis?
Write a paper outlining the critical need for public stewardship in budgeting.
Write a paper outlining the critical need for public stewardship in budgeting.
Detail the needs and methods for training public officials and staff members for ethical public budget preparation and maintenance strategies.
Include the following:
Detail the need and importance of public stewardship in budgeting
Ethical requirements for leaders to consider for proper public stewardship
Consequences of unethical or poor public stewardship
Consider utilizing a recent current events article for reference to a recent incident of unethical public stewardship of budgetary monies.
Include at least two academic sources in your paper, including one from the University Library.
Format your paper consistent with APA guidelines.
What do you think it means for American exports to your country?
study the three Exchange Rate Powerpoint presentations;
Go to the X-Rates Web site (http://x-rates.com) and find the current:
exchange rate for the US Dollar (USD) and any other country’s currency that you wish to study – you can select the same country that you are using for your research project, (unless it is the Peoples’ Republic of China). Do NOT select the Chinese Yuan as your other currency since it is not a freely floating currency;
then from the icons below the currency selection boxes, select Graphs and then select 1 year;
based on the 12 months of data, which currency is appreciating (gaining value) and which is depreciating (losing value)? Remember it can do both in a year.
Now go to the CIA World Factbook and find out what goods and products the country you chose exports. (North Korea).
Since most all of the goods that you buy are either imported or contain inputs from other countries, what do the trends in the exchange rates you examined tell you about the prices you can expect to pay for goods imported from the country you choose or for products that use inputs from that country (i.e., the exports of your country)?
In a global economy most products contain materials from other countries and that includes food. If you had orange juice today, it may well have come from Brazil. Your computer and your cell phone contain parts from America or Japan or Taiwan or Thailand or one of the European countries or from all of these places. Thus, exchange rates directly impact the prices you pay for goods. This is your chance to learn more about how that works.
On the discussion board, share your findings about whether the currency of the country you chose is appreciating or depreciating relative to the US Dollar.
What do you think this means for American imports from your country?
What do you think it means for American exports to your country?
Refer to at least two different concepts from this week’s Chapters. Your illustration of the concepts MUST include an explanation
study the three Exchange Rate Powerpoint presentations;
Go to the X-Rates Web site (http://x-rates.com) and find the current:
exchange rate for the US Dollar (USD) and any other country’s currency that you wish to study – you can select the same country that you are using for your research project, (unless it is the Peoples’ Republic of China). Do NOT select the Chinese Yuan as your other currency since it is not a freely floating currency;
then from the icons below the currency selection boxes, select Graphs and then select 1 year;
based on the 12 months of data, which currency is appreciating (gaining value) and which is depreciating (losing value)? Remember it can do both in a year.
Now go to the CIA World Factbook and find out what goods and products the country you chose exports.
Since most all of the goods that you buy are either imported or contain inputs from other countries, what do the trends in the exchange rates you examined tell you about the prices you can expect to pay for goods imported from the country you choose or for products that use inputs from that country (i.e., the exports of your country)?
In a global economy most products contain materials from other countries and that includes food. If you had orange juice today, it may well have come from Brazil. Your computer and your cell phone contain parts from America or Japan or Taiwan or Thailand or one of the European countries or from all of these places. Thus, exchange rates directly impact the prices you pay for goods. This is your chance to learn more about how that works.
On the discussion board, share your findings of whether the currency of the country you chose is appreciating or depreciating relative to the US Dollar.
What do you think this means for American imports from your country?
What do you think it means for American exports to your country?
Explain how the tool can be used for effective instruction, and provide at least one example of how it can be used to achieve a 21st century learning goal.
utilize a Web 3.0 tool to apply and share knowledge gained during the course by producing a Technology Guide for Distance and Digital Learning Tools. The ultimate aim of the guide will be to assist individuals in the process of selecting appropriate technologies for effective instruction.
Develop the first section, “Web 3.0 Technologies for Learning” (Wikis, Blogs, Videos, Podcasts), of your Technology Guide for Distance and Digital Learning Tools.
This section of your guide needs to contain information on at least three specific Web 3.0 tools. For each of your three tools you will need to:
Describe the tool.
Explain how the tool can be used for effective instruction, and provide at least one example of how it can be used to achieve a 21st century learning goal.
Develop strategies for integrating the tool with optimal learning methods in an informal setting, a formal setting, or both.
Describe how to get started using it.
List 2-3 sources for learning more about the tool.
Discuss the negative effects of generalised anxiety disorder in Jamaicans.
Synthesis Summary. The entirity of the essay doesnt have to be 1100 words it can be more or less. Information should be older than 2011. Find two scholarly sources and synthesize. Compare and contrast both sources. Five paragraphs are needed. The introductory paragraph, three body paragraphs and the concluding paragraph. The introductory paragraph should be three sentences. First sentence should introduce the topic/issue to which the source address. The second sentense should introduce the source and the main idea such as the title, date, year of publication and names of authors/ writers. The third should be the closing sentence which highlights the results of the synthesis. The two sources for the summary must be submitted. Safe assign or turnitin will be used for simularity check so please ensure that the similarity is under 30%. Please paste the links also.
Explain the historical background of Native Americans, as it relates to the dynamics between community members and the police.
Write an APA, two-page paper, that addresses the following topics:
Explain the historical background of Native Americans, as it relates to the dynamics between community members and the police.
Identify and explain current issues associated with police contact in the Native American communities.
Explain racial profiling and describe the associated effects between police and Native American communities.
Create at least three recommendations on how police departments can improve their relationship with the Native American communities.
Explain the differences between permanent and temporary accounts and identify which types of accounts must be closed at the end of a company’s fiscal year.
The Closing Process
For your initial Discussion post, address the following questions/topics:
Explain the differences between permanent and temporary accounts and
identify which types of accounts must be closed at the end of a
company’s fiscal year. Additionally, recall your Week 1 Discussion in
which you brainstormed a business you would like to start. For your type
of business, identify at least three permanent and at least three
temporary accounts your business would have and explain why each account
is categorized as such. For the permanent accounts, be sure to classify
each as if the accounts where presented in a classified balance sheet.
Once closing entries have been entered in the general journal and
posted to the ledger, what is the effect on the owner’s capital (or
retained earnings) account?
Explain the purpose of a post-closing trial balance in your own
words and answer this question: Is the post-closing trial balance
mandatory as a step in the accounting cycle?
Reflect on this question: Assuming a company’s first year-end, would
financial statements be affected if the closing process were not
completed? Explain.
For your replies, comment on the differences between permanent and
temporary accounts focusing on the accounts listed in your classmates’
posts. What new insight regarding the closing process have you gained
from reading your classmates’ posts? Do you agree or disagree with your
peers’ answers to the reflection question? Fully explain your rationale
for your agreement or disagreement.
Be sure to post at least one reference in support of your explanations and conclusions.