User Homework Solutions

Systems Initial Development Write a 700- to 1,050-word paper identifying and describing how specific system used in an organization has transformed how the organization operates.Discuss how the business requirements drove the system's initial development.Describe the type and basic uses of the system, how the system has helped the organization, and any likely future development plans.

Other / Other Other / Other 27 Oct 2017

Week 3 Exercise Assignment B Inventory Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods $21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000

Other / Other Other / Other 27 Oct 2017

Week 3 Exercise Assignment B Week Three Exercise Assignment Inventory Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods $21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purcha

Other / Other Other / Other 27 Oct 2017

Business Assignment- Medicare patients Use the following information to answer questions 3, 4, and 5:You have been asked to establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:Budgeted Procedures 10,000Budgeted Cost $400,000Desired Profit $80,000It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38.00 per procedure. Approximatel

Other / Other Other / Other 27 Oct 2017

Business Assignment-Partially refunded On August 31, Latty Co. partially refunded $493,000 of its outstanding 10% note payable made one year ago to Dugan State Bank by paying $493,000 plus $49,300 interest, having obtained the $542,300 by using $137,350 cash and signing a new one-year $445,000 note discounted at 9% by the bank.(a) Make the entry to record the partial refunding. Assume Latty Co. makes reversing entries when appropriate.(b) Prepar

Other / Other Other / Other 27 Oct 2017

Business Assignment- Red Bank Enterprises 3. Notes payable. Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31:2-Aug: Borrowed $55,000 from the Bank of Kingsville by signing a 90-day, 12% note.20-Aug: Issued a $50,000 note to Harris Motors for the purchase of a $50,000 delivery truck. The note is due in 180 days and carries a 12% interest rate.10-Sep: Purchased merchandise from Pans Enterpris

Other / Other Other / Other 27 Oct 2017

Business Assignment- Lone Pine Company Ratio computation. The financial statements of the Lone Pine Company follow.LONE PINE COMPANYComparative Balance SheetsDecember 31, 20X2 and 20X1 ($000 Omitted)20X2 20X1AssetsCurrent AssetsCash and Short-Term Investments $400 $600Accounts Receivable (net) 3,000 2,400Inventories 3,000 2,300Total Current Assets $6,400 $5,300Property, Plant, and EquipmentLand $1,700 $500Buildings and Equipment (net) 1,500 1,

Other / Other Other / Other 27 Oct 2017

Business Assignment- Vertical analysis 5. Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.20X2 20X1Current Assets $86,000 $80,000Property, Plant, and Equipment (net) 99,000 80,000Intangibles 25,000 50,000Current Liabilities 40,800 48,000Long-Term Liabilities 153,000 150,000Stockholders’ Equity 16,200 12,000Net Sales 500,000 500,000Cost of Goods

Other / Other Other / Other 27 Oct 2017

Government Accounting Standards Case The City of James has $10 million of 10% bonds payable in its financial statements. These bonds contain a call provision. The Agent Company told the City that it will help find parties to call back the old bond and refinance the bonds with 7% interest payments. The new bonds will not change the original redemption dates from the old bonds. However, Agent Company demands a $100,000 service charge for its role

Other / Other Other / Other 27 Oct 2017

Business Assignment-Partially refunded On August 31, Latty Co. partially refunded $493,000 of its outstanding 10% note payable made one year ago to Dugan State Bank by paying $493,000 plus $49,300 interest, having obtained the $542,300 by using $137,350 cash and signing a new one-year $445,000 note discounted at 9% by the bank.(a) Make the entry to record the partial refunding. Assume Latty Co. makes reversing entries when appropriate.(b) Prepar

Other / Other Other / Other 27 Oct 2017