2024 Week 4 Assignment Help

In Module 01 you prepared a few of the regular monthly entries for Ed Now Big Ed s Motorcycle Shop 2023

In Module 01, you prepared a few of the regular monthly entries for Ed. Now, Big Ed’s Motorcycle Shop is nearing the fiscal year-end. You have been asked to prepare the adjusting and closing entries to prepare the accounting records for year-end. use attachedment for Big Ed’s trial balance to begin preparing your adjusting and closing entries: Following is the information you will need to make your adjusting entries: Office equipment has a life of five years with no residual value. Store equipment has a life of five years with no residual value. Shop equipment has a life of ten years with no residual value (assume new equipment was purchased Jan. 1. ) A physical inventory of Merchandise Inventory, Parts revealed an actual balance of $97,000. A physical inventory of Merchandise Inventory, Motorcycles revealed that the balance was accurate. Office supplies in the amount of $1,500 were used throughout the year. Salaries should be accrued as follows: Sales – $3,000 Service – $5,000 Office – $1,500 Insurance in the amount of $1,200 was used throughout the year. Interest on the Note Payable is 8% (assume new note was taken out on Jan. 1. ) Once you have completed the adjusting entries, prepare your closing entries.

2024 Exercise 31,32 Assignment Help

Use MS Word to complete Questions to be Graded Exercises 31 and 32 in 2023

Use MS Word to complete “Questions to be Graded: Exercises 31 and 32” in Statistics for Nursing Research: A Workbook for Evidence-Based Practice . Submit your work in SPSS by copying the output and pasting into the Word document. In addition to the SPSS output, please include explanations of the results where appropriate.

2024 Ashford BUS 640 Week 4 DQ 1 Assignment Help

Strategic Behavior Oligopolies An interesting example of strategic behavior comes from a 1997 article about Microsoft s investment in Apple New 2023

Strategic Behavior Oligopolies An interesting example of strategic behavior comes from a 1997 article about Microsoft’s investment in Apple (New Straits Times, 1997). The article is included in the Required Readings list. Facing tough anti-trust scrutiny from government agencies, Microsoft provided financial support to Apple in order to ensure Apple’s survival and, therefore, to ensure that competitiveness in the industry remains. Moreover, the partnership with Apple provided an additional market for Microsoft’s products – the MS Office and the IE products were to be bundled with the MAC OS as one of the conditions for this financing. Discuss this case in the context of market structure and strategic behavior. What market structure do these firms operate in? Why did Microsoft need to preserve competitiveness in the industry? What was Microsoft afraid of in the event that Apple did not survive? Guided Response: In 300 words or more, please, provide your response to the above discussion question. Further, do you think Microsoft regrets taking action in light of Apple’s performance today? Respond substantively to at least two of your classmates’ postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.

2024 A+ Answers Of The Following Questions Assignment Help

1 The use of unit level measures to assign support costs is more likely to A Undercost 2023

1. The use of unit-level measures to assign support costs is more likely to: A. Undercost high-volume products B. Undercost specialty low-volume products C. Undercost complex products D. Both (b) and (c) are correct 2. Misleading product cost numbers are MOST likely the result of misallocating: A. Direct material costs B. Direct manufacturing labor costs C. Support cost D. All of the above are correct 3. Undercosting a particular product may result in: A. Loss of market share for the product B. Lower profits for the product C. Operating inefficiencies D. Understating total costs of all the products 1. It is important that the product costs reflect as much of the diversity and complexity of the manufacturing process so that: a. Product costs will reflect their relative consumption of resources b. Better information related to resource constraints can be captured and communicated c. There is less likelihood of cost distortions d. All of the above are correct 2. Which of the following is a sign that an ABC system may be useful? a. There are small amounts of support costs b. Products make diverse demands on resources because of differences in volume, process steps, batch size, or complexity c . Products a company is less suited to produce and sell show small profits d. Operations throughout the plant are fairly similar 3. Units of production are most appropriate as a support cost assignment base when: A. It is a service department B. Only one product is manufactured C. Direct labor costs are low D. Factories produce a complex and varied mix of products 1. Designing an activity-based cost system includes: A. Classifying as many costs as indirect costs as is feasible B. Creating as many cost pools as possible C. Identifying the activities performed by the plant’s resources D. Seeking a broader focus rather than detail 2. The following information applies to Questions 11 through 13 Merriman Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Account inquiry hours $500,000 10,000 hours Account billing lines $250,000 5,000,000 lines Account verification acct. $100,000 50,000 accounts Correspondence letters $50,000 5,000 letters Total costs $900,000 The above activities are used by Departments A and B as follows: Department A Department B Account inquiry hours 1,000 hours 3,000 hours Account billing lines 200,000 lines 300,000 lines Account verification acct. 10,000 accounts 8,000 accounts Correspondence letters 1,000 letters 1,500 letters How much of the account inquiry costs will be assigned to Department A? A. $10,000 B. $50,000 C. $150,000 D. $500,000 3. How much of account verification costs will be assigned to Department A? A. $20,000 B. $50,000 C. $80,000 D. $100,000 1. How much of the account billing costs will be assigned to Department B? A. $15,000 B. $25,000 C. $30,000 D. $50,000 2. The following information applies to Questions 2 through 3. Zappo Skate Corporation manufacturers two models of skate boards: a standard and a deluxe model. The following activity and cost information has been complied. Product # of setups # of components # of total direct labor hours Standard ; 20 10 375 Deluxe 30 15 225 Overhead costs $25,000 $35,000 Assume a traditional costing system applies the $60,000 of overhead costs based on direct labor hours. What is the total amount of overhead costs assigned to the standard model? A. $20,000 B. $22,500 C. $25,000 $35,250 3. Number of setups and number of components are identified as activity-cost drivers for overhead costs. Assuming an activity-based costing system is used, what is the total amount of overhead costs assigned to the standard model? A. $10,000 B. $14,500 C. $24,500 D. $30,000 1. If products are alike, then for costing purposes: A. A simple costing system will yield accurate cost numbers B. An activity-based costing system should be used C. Multiple unit-level cost rates should be used D. Varying demands will be placed on resources 2. With traditional costing systems, products manufactured in small batches and in small annual volumes may be ______________ because batch-related and product-sustaining costs are assigned using unit-related cost drivers. A. Overcosted B. Undercosted C. Fairly costed D. Ignored 3. Under traditional costing systems, selling and administrative costs have been largely ignored because they: a. Are hard to quantify except at exorbitant cost of measurement b. Have been negligible in amount relative to total costs now that they are growing in amount c. In the past they are not inventoriable for financial reporting purposes under GAAP d . Relate to a varied mix of products