Pro forma Balance Sheet Sunny Side, Inc. is planning for the next year. Using the most recent balanc

Pro forma Balance Sheet Sunny Side, Inc. is planning for the next year. Using the most recent balance sheet for 2018 given below, and the additional information provided, prepare the company's 2019 pro forma balance sheet to calculate the projected Additional Funds Needed. Round all answers to the nearest dollar (whole number without decimals). Determine the projected 2019 Additional Funds Needed (using the balance sheet) and provide the answer in whole dollars (no decimal places). Important Information: a. Sales growth is projected to be 15% in 2019. b. Depreciation expense for 2019 will be $60. C. A new fixed asset costing $320 will be purchased in 2019. d. No new stock will be issued. e. Notes payable will remain the same. f. The company will borrow an additional $50 (long-term debt) in 2019. 0. The Addition to Retained Earnings from the 2019 projected Income statement is $131 Sunny Side, Inc. Balance Sheet As of December 31, 2018 [in thousands) e. Notes payable will remain the same. f. The company will borrow an additional $50 (long-term debt) in 2019. g. The Addition to Retained Earnings from the 2019 projected income state Sunny Side, Inc Balance Sheet As of December 31, 2018 [in thousands] Assets Current Assets: Cash & Marketable Securities $845 Accounts Receivable 360 Inventory 525 Total Current Assets $1,730 Property, Plant & Equipment 360 Less: Accumulated Depreciation 80 Net Property, Plant & Equipment 280 Total Assets $2,010 Liabilities & Owner's Equity Current Liabilities: Accounts Payable 350 Notes Payable 160 Accruals 185 Total Current Liabilities $695 Long-term Liabilities 265 Total Liabilities $960 Owner's Equity: Preferred Stock 156 Common Stock, par value 125 Additional Paid-in Capital 354 Retained Earnings 415 Total Owner's Equity 1,050 Total Liabilities & Owner's Equity $2,010

The owner s were comedy w Galery during the current yearned De Jan 19 Rented the account of Anne Gur

The owner s were comedy w Galery during the current yearned De Jan 19 Rented the account of Anne Gure which had been written in the preceding years of oumalized the recent of 1,700 cash in a p antofleres Apr 3. Wrote of the 19.140 balance owed by Premier GS Co, which is bankrupt. July 16. Received ton of the $17.500 balance owed by Hayden Cobank business, and wrote off the remainder as uncollectie Nov. 23. Reinstated the account of Harry Cart which had been written off two years earlier as colectie. Hecorded the receipt of 2.770 cm in payment. Dec. 31. Wrote of the following accounts as collectible (compound entry Cavey Co. 57.325 Pogle C, 52,175 Lake Furniture, 65.395; Melinda Shver 1.500 Dec. 31. Based on an analysis of the 5862.500 of accounts receivable, it was estimated that $37,500 wil be uncollectible. Journalized the atjusting entry Required: 1. Record the January 1 credit balance of $35.00 na account presented below in regui entry, leave it bank Notes for the December 31 ju t ryme the 1862,500 arance in p r edsthe m ents made 2. aJournal the transactions. If an amount box does not require during the year IL II II II III I Dec. 31 2. b. Post each entry that affects the following accounts and determine the new balances Allowance for Doubtful Accounts Jan. 1 Balance Dec. 31 Adjusted Balance Bad Debt Expense 3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). 4. Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 31 had been based on an estimated expense of $5,330,000 for the year, determine the following: of 1 of the a. Bad debt expense for the year. b. Balance in the allowance account after the adjustment of December 31 C. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry) ONS POOL 6.12 Essay 2: Language that of SOCIOLarge LREA… Guru book Show Me How Calculator Print them Allowance method entries The following transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31 Jan. 19. Reinstated the account of Arlene Gurley, which had been written in the preceding year as uncollectible journalued the receipt of $1,700 cash in full payment of Arlene's Apr 3. Wrote off the $9,740 balance owed by Premier GS Co., which is bankrupt, July 16. Received 40% of the $17.500 balance owed by Hayden Co, a bankrupt business, and wrote off the remainder as uncollectible Nov. 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $2,770 cash in full payment Dec. 31. Wrote of the following accounts as uncollectible (compound entry): Cavey Co. 57,325; Fogle Co., 52,175; Lake Furniture, 55,595 ; Melinda Sheryer, $1,580. Dec. 31. Based on an analysis of the $562,500 of accounts receivable, it was estimated that $37,500 will be uncollectible Journalized the adjusting entry Required: 1. Record the January 1 credit balance of $35,700 in a T account presented below in requirement 2b for Allowance for Doubtful Accounts 2. a. Journaltre the transactions. If an amount box does not require an entry leave it blank. Note: For the December 31 adjusting entry, assume the $862,500 balance in account during the year. lan 19 Jan. 19 II II III II July 16 Nov. 23 Check My Work Email Instru Venom tions Podcast… 6.12 Essay #2: Language That Calls for Social Change (REA… CengageNOW12 Online teaching and learning resource… Fred Assee Turnover Dec 31 2. b. Post each entry that affects the following accounts and determine the new balances: Allowance for Doubtful Accounts in 1 Balance Dec. 31 Adjusted Balance Bad Debt Expense 3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry) 4. Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 31 had been based on an estimated exp $5,330,000 for the year, determine the following: Bad debt expense for the year. b. Balance in the allowance account after the adjustment of December 31 c Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry)

Discuss a way in which a company you work for or have worked for has increased fixed costs in an eff

Discuss a way in which a company you work for or have worked for has increased fixed costs in an effort to decrease variable costs. Has the effort been successful? (If you don't have a good example from work, you can use an example from some other company you have heard or read about.)

When you log into EA & TR Music Store for the first time you will need to use “Administrator” as… 1 answer below »

When you log into EA & TR Music Store for the first time you will need to use
“Administrator” as the user ID. Then immediately create a new user ID with your
student number (see Tutorial Activity 1). Use your student ID the next time you log in
and ensure audit trail tracking is ticked under security preferences (see Tutorial
Activity 1)
2. Enter the February 2020 transactions
3. Prepare End of Month Adjusting Entries for 28 February 2020
4. Perform the Bank Reconcilation at 28 February 2020
5. Once you have entered all the assignment transactions for February 2020, import the
budget data text file in the same manner as what you did in the tutorial. You have been
provided a different budget text file on Blackboard under Assessment (DO NOT USE
THE BUDGET DATA TEXT FILE FROM THE TUTORIALS)
6. Upload the completed EA & TR Music Store myo data file and audit trail in the
submission area on Blackboard.
7. Prepare a Business Performance Report using the proforma provided on Blackboard.
Submit the report via Turnitin.
8. Complete the required $ account balances for the requested accounts in the MYOB
submission area on Blackboard.

Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silve

Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an activity-based costing system and prepared the following cost estimates for year 2 for the recommended cost drivers

Activity Processing orders Setting up production Handling materials Machine depreciation and maintenance Performing quality control Packing Total estimated cost Recommended Cost Driver Number of orders Number of production runs Pounds of materials used Machine-hours Number of inspections Number of units Estimated Cost $ 46,000 176,000 392,000 266,000 45,500 92.000 $1,017,500 Estimated Cost Driver Activity 200 orders 110 runs 140,000 pounds 14,000 hours 35 inspections 460,000 units In addition, management estimated 7,800 direct labor-hours for year 2. Assume that the following cost driver volumes occurred in January, year 2: Institutional 61,000 $43,000 420 Standard 21,000 $26,000 Silver 9,000 $17,000 560 470 10 Number of units produced Direct materials costs Direct labor-hours Number of orders Number of production runs Pounds of material Machine-hours Number of inspections Units shipped 13,000 580 7,000 140 2,600 80 61,000 21,000 9,000 Actual labor costs were $16 per hour. Required: (1) Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. (Round your answers to 2 decimal places.) Rate per order Activity Processing orders Setting up production Handling materials Using machines Performing quality control Packing per run per pound per machine hour per inspection per unit (2) Compute a predetermined rate for year 2 using direct labor-hours as the allocation base. (Round your answer to 2 decimal places.) Predetermined rate per direct labor-hour b. Compute the production costs for each product for January using direct labor-hours as the allocation base and the predetermined rate computed in requirement a(2). (Do not round intermediate calculations.) Institutional $ 43,000 Standard $ 26,000 Silver 17,000 Total 86,000 $ $ Account Direct materials Direct labor Indirect costs Total cost $ 43,000 $ 26,000 $ 17,000 $ 86,000 c. Compute the production costs for each product for January using the cost drivers recommended by the consultant and the predetermined rates computed in requirement a. (Note: Do not assume that total overhead applied to products in January will be the same for activity-based costing as it was for the labor-hour-based allocation.) (Do not round intermediate calculations.) Institutional $ 43,000 Standard $ 26,000 Silver 17,000 Total 86,000 $ $ Account Direct materials Direct labor Indirect costs Processing orders Setting up production Handling materials Using machines Performing quality control Packing Total cost $ 43,000 $ 26,000 $ 17,000 $ 86,000

Tomlin Cleaners has the following balance sheet items.Accounts payable ……… Accounts receivableCash..

Tomlin Cleaners has the following balance sheet items.Accounts payable ……… Accounts receivableCash ………….. Notes payableEquipment ……….. Salaries and wages payableSupplies ………… Owner’s capitalInstructionsClassify each item as an asset, liability, or owner’s equity.View Solution:
Tomlin Cleaners has the following balance sheet items Accounts payable

Why is essential that the planning functions of controllership can help an organization effectively.

Why is essential that the planning functions of controllership can help an organization effectively and efficiently achieve a goal?

What are the three main sections of the comprehensive annual ?nancial report? What are the main…

What are the three main sections of the comprehensive annual financial report? What are the main components of the financial section?View Solution:
What are the three main sections of the comprehensive annual

Put Your Laptops Away, English homework help

Hi there

Please I want an outline for my essay

Topic letter

(B)

Attention, Students: Put Your Laptops Away

By James Doubek

NPR Staff

April 17, 2016

As laptops become smaller and more ubiquitous, and with the advent of tablets, the idea of taking notes by hand just seems old-fashioned to many students today. Typing your notes is faster — which comes in handy when there’s a lot of information to take down. But it turns out there are still advantages to doing things the old-fashioned way.

For one thing, research shows that laptops and tablets have a tendency to be distracting — it’s so easy to click over to Facebook in that dull lecture. And a study has shown that the fact that you have to be slower when you take notes by hand is what makes it more useful in the long run.

In the study published in Psychological Science, Pam A. Mueller of Princeton University and Daniel M. Oppenheimer of the University of California, Los Angeles sought to test how note-taking by hand or by computer affects learning.

“When people type their notes, they have this tendency to try to take verbatim notes and write down as much of the lecture as they can,” Mueller tells NPR’s Rachel Martin. “The students who were taking longhand notes in our studies were forced to be more selective — because you can’t write as fast as you can type. And that extra processing of the material that they were doing benefited them.”

Mueller and Oppenheimer cited that note-taking can be categorized two ways: generative and nongenerative. Generative note-taking pertains to “summarizing, paraphrasing, concept mapping,” while nongenerative note-taking involves copying something verbatim.

And there are two hypotheses to why note-taking is beneficial in the first place. The first idea is called the encoding hypothesis, which says that when a person is taking notes, “the processing that occurs” will improve “learning and retention.” The second, called the external-storage hypothesis, is that you learn by being able to look back at your notes, or even the notes of other people.

Because people can type faster than they write, using a laptop will make people more

likely to try to transcribe everything they’re hearing. So on the one hand, Mueller and Oppenheimer were faced with the question of whether the benefits of being able to look at your more complete, transcribed notes on a laptop outweigh the drawbacks of not processing that information. On the other hand, when writing longhand, you process the information better but have less to look back at.

Don’t Write Off Paper Just Yet

BUSINESS

In A Digital Chapter, Paper Notebooks Are As Relevant As Ever

For their first study, they took university students (the standard guinea pig of psychology) and showed them TED talks about various topics. Afterward, they found that the students who used laptops typed significantly more words than those who took notes by hand. When testing how well the students remembered information, the researchers found a key point of divergence in the type of question. For questions that asked students to simply remember facts, like dates, both groups did equally well. But for “conceptual-application” questions, such as, “How do Japan and Sweden differ in their approaches to equality within their societies?” the laptop users did “significantly worse.”

The same thing happened in the second study, even when they specifically told students using laptops to try to avoid writing things down verbatim. “Even when we told people they shouldn’t be taking these verbatim notes, they were not able to overcome that instinct,” Mueller says. The more words the students copied verbatim, the worse they performed on recall tests.

And to test the external-storage hypothesis, for the third study they gave students the opportunity to review their notes in between the lecture and test. The thinking is, if students have time to study their notes from their laptops, the fact that they typed more extensive notes than their longhand-writing peers could possibly help them perform better.

But the students taking notes by hand still performed better. “This is suggestive evidence that longhand notes may have superior external storage as well as superior encoding functions,” Mueller and Oppenheimer write.

Do studies like these mean wise college students will start migrating back to notebooks?

“I think it is a hard sell to get people to go back to pen and paper,” Mueller says. “But they are developing lots of technologies now like Livescribe and various stylus and tablet technologies that are getting better and better. And I think that will be sort of an easier sell to college students and people of that generation.”

K Corporation uses the weighted average method in its process costing system. Data concerning the fi

K Corporation uses the weighted average method in its process costing system. Data concerning the first processing department for the Help Save & most recent month are listed below. Sub $ 1,200 7,600 2,900 558 255 7,100 Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units completed and transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 6,300 $110,700 $ 83,800 2,000 70% 558 The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.) Ο $187,906 Ο $197,206 Ο $212,896 Ο $170,604