Wk 3-ACC421 Team Problems
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Wk 3-ACC421 Team Problems

Course Number: ACCOUNTING ACC421, Spring 2012

College/University: University of Phoenix

Word Count: 994

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Sandy Beltran P4-3 Income from continuing operations before taxes: Previously stated income #3 Loss on sale of securities #4 Gain on proceeds on life insurance ($150,000 - $46,000) #2 Error in calculation of depreciation: Previously stated depreciation 9,000 Corrected depreciation -7,500 a. 2010 - Restated income $790,000 -57,000 104,000 1,500 $838,500 b. Income from continuing operations before taxes $838,500...

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Beltran Sandy P4-3 Income from continuing operations before taxes: Previously stated income #3 Loss on sale of securities #4 Gain on proceeds on life insurance ($150,000 - $46,000) #2 Error in calculation of depreciation: Previously stated depreciation 9,000 Corrected depreciation -7,500 a. 2010 - Restated income $790,000 -57,000 104,000 1,500 $838,500 b. Income from continuing operations before taxes $838,500 Gain on life insurance ($104,000) Taxable income $734,500 Tax rate 30% Income tax expense $220,350 Maher Inc. Income Statement-Partial 2010 a. Income from continuing operations before income tax $838,500 b. Income tax -220,350 from Income continuing operations: 618,150 #5 Discontinued operations: Loss from disposal of recreational division 115,000 Less: applicable income tax 34,500 80,500 #1 Income before extraordinary item 537,650 Extraordinary item-Loss from casualty 90,000 Less: applicable income tax 41,400 48,600 Net income $489,050 Per share of common stock Income from continuing operations ($618,150 / 120,000 shares) Discontinued operations, net of tax ($80,500 / 120,000 shares) Income before extraordinary items Extraordinary item, net of tax ($48,600 / 120,000 shares) Net income ($489,050 / 120,000 shares) All above numbers per share are rounded.

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University of Phoenix - ACCOUNTING - ACC421
Wiley Week Three Sandy Beltran E5-5 SO #3 pg. 189Bruno Company Balance Sheet December 31, 2010 Assets Current Assets Cash Trading securities-at cost (fair value $120,000) Accounts receivable (net) Less: allowance for doubtful accounts Inventories at lowe
University of Phoenix - ACCOUNTING - ACC421
Week 4 Team C ACC421 E5-3 Sandy Beltran1. Unexpired insurance (a.) Current asset 2. Stock owned in affiliated companies (b.) Investment 3. Unearned subscriptions revenue (f.) Current liabilities 4. Advances to suppliers (a.) Current asset 5. Unearned ren
University of Phoenix - ACCOUNTING - ACC421
WileyPLUS Week Four Sandy Beltran E23-1 SO #2 pg.a. (1) operating-add to net income b. (4) financing c. (3) investing d. (1) operating-add to income e. (5) significant noncash f. (4) financingg. (1) operating-add to income h. (4) financing i. (5) signif
University of Phoenix - ACCOUNTING - ACC421
Week 5 Team Assignment P6-7Tallen RandThe book wasn't entirely clear as to which formula to use for my part, so I did three different ones, all of which resulted in the same answer: take the lump sum a) 1) Computation of future value FV of ordinary annu
University of Phoenix - ACCOUNTING - ACC421
WileyPLUS Week Five Sandy Beltran E6-2a. Simple interest P = $30,000, I = 8%, n = 8 $30,000 x 8% x 8 = $19,200 $30,000 Principal $49,200 Total withdrawn b. Compound interest (Future value of 1) P = $30,000, I = 8%, n = 8 $30,000 x 1.85093 = $55,527.90 To
University of Phoenix - ACCOUNTING - acc422
Sandy Beltran ACC422 4/26/12 Week One Discussion Questions Consider how an organization must manage cash, receivables, and inventory. Which of the three current assets is the most important to manage? Is one more susceptible to fraud and errors than the o
University of Phoenix - ACCOUNTING - acc422
Running head: DISCLOSURE ANALYSIS OF DIRECTV 1Disclosure Analysis of DIRECTV Sandy Beltran ACC422 April 26, 2012 Zachary CarrDISCLOSURE ANALYSIS OF DIRECTV 2 Disclosure Analysis of DIRECTV Analyzing the financial statements of a corporation can provide
University of Phoenix - ACCOUNTING - acc422
Sandy Beltran Week 2 - ACC422 E7-2(1) Only the checking account balance of $925,000 should be reported as cash. The certificate of deposit of $1,400,000 would be reported as a temporary (short-term) investment. The cash advance to subsidiary of $980,000
University of Phoenix - ACCOUNTING - acc422
Week 2 - ACC422 Team Assignment Sandy Beltran Mareia Pruetta.)December 31, 2010 Accounts Receivables ($17,640 + $360) Sales Cash Sales Discounts December 31, 2010 Cash Discounts Accounts payable$18,000 28,000 $46,000 $22,200 250 $22,450 Reported Balanc
University of Phoenix - ACCOUNTING - acc422
Week 3-ACC422 Sandy Beltran E9-1 pg. 438 pg. 445(a) Part No. 110 111 112 113 120 *121 122 (b) $340,500QuantityCost/unitReplacement cost (market)Total costTotal marketLCM600 1,000 500 200 400 1,600 300$95 60 80 170 205 16 240$100 52 76 180 208 0.
University of Phoenix - ACCOUNTING - acc422
Week 3-ACC422 Team Assignment P9-9 pg. 438 pg. 445 pg. 447 pg. 458Cost Market $97,500 $98,475 $136,500 $140,700 $110,000 $127,400 $108,700 $64,800 $65,900(a.) Current assets Inventory section (note 1) Finished goods (note 2) Raw materials Work-in-progre
University of Phoenix - ACCOUNTING - acc422
Week 4 - ACC422 Sandy Beltran E11-4 pg. 540 pg. 543a. cost less salvage = depreciation charge est. service life $279,000 - $15,000 = $26,400 10 years b. (Cost less salvage) x units this year = total estimated units $264,000 x 25,500 = $28,050 240,000 c.
University of Phoenix - ACCOUNTING - acc422
Per Company Books Activity 1/1/2008 Balance 7/1/2008 Purchase Truck #5 Trade Truck #3 12/31/2008 2008 Depreciation 12/31/2008 2008 YE Balance 1/1/2009 Sale of Truck #1 12/31/2009 2009 Depreciation 12/31/2009 Balance 7/1/2010 Purchase Truck #6 7/1/2010 Dis
University of Phoenix - ACCOUNTING - acc422
Week 4 - ACC422 Team Assignmentpg. 540 pg. 5431-Jan-08 Semi-trucks- Accumulated Depreciation 2005 3600 2200 2006 3600 4400 2007 3600 4400 6000 2400 164005800 8000 16400 30200580080001-Jul-08 Truck #3 Cost: 30000 Depreciation: 30000 / 5 = 6000 6000 +
University of Phoenix - ACCOUNTING - acc422
Solutions Guide: Please reword the answers to essay type parts so as to guarantee that your answer is an original. Do not submit as is *E14-21 (Term Modification without Gain-Debtor's Entries) On December 31, 2007, the Firstar Bank enters into a debt rest
University of Phoenix - ACCOUNTING - acc422
Week 5 - ACC422 Sandy Beltran pg. 651 pg. 654(1) When a range is provided as an estimate the lesser amount provided in the range should be accrued. When an estimated range is provided the low end is reported as an accrued liability and the high of the ra
University of Phoenix - ACCOUNTING - acc422
CHAPTER 13Current Liabilities and ContingenciesOPTIONAL ASSIGNMENT CHARACTERISTICS TABLEItem BE13-4 BE13-8 BE13-10 BE13-12 BE13-15 E13-2 E13-6 E13-7 E13-8 E13-9 E13-11 E13-12 E13-15 P13-1 P13-2 P13-6 P13-7 P13-9 P13-10 P13-11 Description Refinancing of
University of Phoenix - ACCOUNTING - acc422
CHAPTER 13Current Liabilities and ContingenciesASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Concept of liabilities; definition and classification of current liabilities. 2. Accounts and notes payable; dividends payable. 3. Short-term obligations
University of Phoenix - ACCOUNTING - acc422
Running head: WEEKLY REFLECTION1Weekly Reflection Mareia Pruett, Sandy Beltran, Tallen Rand, Veronica Dorbad University of Phoenix Intermediate Accounting - II ACC /422 Zachary Carr May 24, 2012Weekly Reflection Team C discussed topics covered over wee
University of Phoenix - ACCOUNTING - acc423
Sandy Beltran ACC/423 Week 1 Discussion QuestionsWhy do companies offer stock options? Should stock-option compensation be included as an expense when calculating an organization's net income? Explain why or why not. If so, how should the amount of expen
University of Phoenix - ACCOUNTING - acc423
Running head: OWNER'S EQUITY 1Owner's Equity Sandy Beltran ACC423 May 31, 2012 Zachary CarrOWNER'S EQUITY 2 Owner's Equity What is owner's equity? It is also referred to as stockholders' equity, shareholders' equity, or corporate capital. Three categori
University of Phoenix - ACCOUNTING - acc423
Week 2 - ACC423 Sandy Beltran pg. 761a. There is no journal entry for the 2-for-1 stock split. A memo note indicating the number of shares has increased to 10 million and par value has been reduced from $10 to $5 per share. b. Description/Account Retaine
University of Phoenix - ACCOUNTING - acc423
Name Section Date BE17-1Chapter 17 Brief ExercisesAccount Titles 1 (a) 2 3 4 (b) 5 6 7 8 BE17-2 9 (a) 10 11 12 (b) 13 14 15 16 (c) 17 18 19 20 BE17-3 21 (a) Held to maturity securities 22 Cash 23 24 (b) 25 26 27 28 BE17-4 29 (a) 30 31 32 (b) 33 34 35 (c
University of Phoenix - ACCOUNTING - acc423
Week 3 - ACC423 Sandy Beltran E17-7 pg. 866Description/Account a. Unrealized holding gain or loss-income Securities fair value adjustment (trading) b. Cash Loss on sale of securities (Carolina Co.) Trading securitiesDebit 1,400 9,500 500Credit 1,400 10
University of Phoenix - ACCOUNTING - acc423
Week Three ACC423 Team Assignment CA17-1Sandy Beltran Situation 1 Securities categorized as trading securities are expected to be reported at fair value on the balance sheet. If a company's trading securities are valued at $4,200 less than cost that valu
University of Phoenix - ACCOUNTING - acc423
Week Four - ACC423 Sandy Beltran E19-6 pg. 1001a. 2 b. 1 c. 3 d. 1 e. 2 f. 3g. 2 h. 3 i. 3* j. 1 k. 1 *When the cost method is used, the dividends recognized on the income state ment in the period in which they are received. This is the same period any
University of Phoenix - ACCOUNTING - acc423
Week Four - ACC423 Team Assignment E19-9 Sandy Beltran pg. 1006Date 2008 2009 2010 20102011 2012Description/Account Income tax expense Income tax payable ($90,000 x 40%) Income tax refund receivable ($160,000 x 45%) Benefit due to loss carryback (incom
University of Phoenix - ACCOUNTING - acc423
Week 5 - ACC423 Sandy Beltran E22-19 pg. 1197 pg. 1204a.Description/Account 1.) Supplies expense ($2,500 - $1,100) Supplies in hand 2.) Salaries & wages expense ($4,400 - $1,500) Accrued salaries & wages 3.) Interest revenue ($5,100 - $4,350) Interest r
University of Phoenix - ACCOUNTING - acc423
Running head: TEAM C: WEEKLY REFLECTION 1Team C: Weekly Reflection Sandy Beltran, Mareia Pruett, Tallen Rand ACC423 June 28, 2012 Zachary CarrTEAM C: WEEKLY REFLECTION 2 Team C: Weekly Reflection Team C discussed class objectives of week four and five.
University of Phoenix - ACCOUNTING - acc349
Week One ACC349 Sandy Beltran 07/05/2012(a) The stakeholders in the above ethics case at Robbin Industries are: Wayne Terrago controller The vice-president of finance The president of Robbin Industries The users of financial statements created by Robbin
University of Phoenix - ACCOUNTING - acc349
Week 2 - ACC349 Sandy Beltran SO 2, 3, 4, 5 pg. 58 pg. 61 pg. 65 pg. 68DM DL MO POR U.C4825 1360 1700 7885 125% 3.9425a. Source Documents: Direct materials Direct labor Manufacturing overheadMaterials requisition slips Time tickets Predetermined overh
University of Phoenix - ACCOUNTING - acc349
Week 2 - ACC349 Team C Tallen Rand, Mareia Pruett, Sandy Beltran BYP2-2a. 1) 2) 3)Raw Materials Inventory Accounts Payable Factory Labor Bonuses Payable$25,000 $25,000 $12,000 $12,000Factory Labor $120,000 Factory Wages Payable $105,000 Employer Payro
University of Phoenix - ACCOUNTING - acc349
Week 3 - ACC349 Sandy Beltran SO 4 pg. 1561. Number of engineering change orders; Hours of designing 2. Number of orders processed 3. Number of parts in stock 4. Weight of material; number of boxes or cartons 5. Employee turnover; number of employees hir
Illinois Tech - CS - 430
CachingCS351 : Saeleevon Neuman architecturememory = working storeSRAM, DRAM, NVRAM, HDDSRAM Static Random Access Memory One bit stored per flip-flop Data stable as long as charge appliedDRAM Dynamic Random Access Memory One bit per capacitor - hi
University of Phoenix - ACCOUNTING - acc349
Running head: WEEKLY REFLECTION 1Weekly Reflection Mareia Pruett, Tallen Rand, Sandy Beltran ACC349 July 19, 2012 Glenn AlanWEEKLY REFLECTION 2 Weekly ReflectionThis week Team C discussed this week's objectives; distinguishing among fixed, mixed, and v
University of Phoenix - ACCOUNTING - acc349
Week 4 - ACC349 Sandy Beltran SO: 1, 3 pg. 204 pg. 208a. Variable: Variable costs are costs that vary in total directly and proportionately with changes in the activity level. Fixed: Fixed costs are costs that remain the same in total regardless of chang
Illinois Tech - CS - 430
Garbage CollectionCS351 : Saeleeimplicit deallocationgarbage = unreachable memory2 essential approaches1. reference counting2. tracing garbage collector<1>manual vs. automatic reference countingreferences = 0 deallocatecase study: Objective-C 1.
University of Phoenix - ACCOUNTING - acc349
Week 4 - ACC349 Team C BYP6-2a. Current Approach Contribution Margin Sales $800,000 $2,000,000 = 40%Automated Approach Contribution Margin Sales $1,600,000 $2,000,000 = 80%In the current approach, the contribution margin reflects that 40% of each sales
Illinois Tech - CS - 430
Process ManagementCS351 : SaeleeCreation#include <unistd.h> pid_t fork(void);Called once, Returns twiceOnce to "parent" Process ID of childOnce to "child" 0Parent = Child(but separate)int main () cfw_ fork(); printf("Hello world!\n"); Hello worl
University of Phoenix - ACCOUNTING - acc349
Week 5 - ACC349 Sandy Beltran pg. 349a. Minimum transfer price = Variable cost + opportunity cost Variable cost per unit = $8 Opportunity cost = $0 (at excess capacity) Minimum transfer price at excess capacity = $8 b. Minimum transfer price = Variable c
Illinois Tech - CS - 430
The ProcessCS351 : SaeleeObjective of the OSAbstractionsOS = OverheadLogical control flowProcess AProcess BProcess CTimeLogical control flowlogical "thread" of executionself-containedconcurrency (vs. parallelism)Process AProcess BProcess C
Dow University of Health Sciences - CARDIOVASC - 201
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Dow University of Health Sciences - CARDIOVASC - 201
1. What is streamline or laminar flow? 2. What is turbulence of blood flow? 3. Explain factors causing tendency for turbulent flow. 4. Discuss the different mechanisms of blood flow control in human body? 5. Discuss the intrinsic controls of local arteria
Dow University of Health Sciences - CARDIOVASC - 201
Surface marking of borders of HeartUpper BorderIs marked by a straight line joiningPoint 1 A point at the lower border of the 2nd left costal cartilage about 1.3 cm from the sternal margin Point 2 A point at the upper border of the 3rd right costal car
Dow University of Health Sciences - CARDIOVASC - 201
Cardiac Action PotentialGraphicsareusedwithpermissionof:PearsonEducationInc.,publishingasBenjaminCummings(http:/www.awbc.com)Page 1. IntroductionThecoordinatedcontractionsoftheheartresultfromelectricalchangesthattakeplace incardiaccells.Page 2. Goal
Dow University of Health Sciences - CELL BIOLO - 201
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Dow University of Health Sciences - RESPIRATOR - 200
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Dow University of Health Sciences - RESPIRATOR - 200
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Dow University of Health Sciences - RESPIRATOR - 200
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Dow University of Health Sciences - RESPIRATOR - 200
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