• A summary of the strategies you think the writer used to convey a particular idea.
• Describe how you personally relate to the theme and explain the intended purpose of each story and its theme.
• Use quotes from each selection to support your paper. At the end of the paper, consider how you analyzed the stories and answer the following questions:
• What makes each of the chosen selections nonfiction?
• Is imagination required for writing and reading nonfiction? Why or why not?

Washington Forest Products began operations on January 1, 2014. On December 31, 2014, the company’s accountant ascertains that the following amounts should be reported as expenses on the income statement: Insurance expense …….. $20,000Supplies expense ……. 11,000Rent expense ………. 14,000A review of the company’s cash disbursements indicates that the company made related cash payments during 2014 as follows: Insurance ……….. $29,000Supplies ……….. 27,000Rent …………. 8,000a. Explain why the amounts shown as expenses do not equal the cash paid. b. For each expense account, compute the amount that should be in the related balance sheet account as of December 31, 2014. Hint: Note that Forest Products began operations on January 1, 2014.View Solution:
Washington Forest Products began operations on January 1 2014 On

Refer to the financial statements of the Lance Arm-strong Foundation presented in Table 12–8.1. Did the foundation exert a greater fiscal effort on fund-raising in 2011 than it did in 2010?2. Did it direct more of its revenues toward mission oriented programs rather than to administrative or fundraising activities?3. Based on the guidelines set forth in this chapter, did the foundation spend excessively on fund-raising or administration?View Solution:
Refer to the nancial statements of the Lance Arm strong Foundation

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $30. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,270 10, 980 12.209 670 25,040 $ 1,240 8,300 11.500 690 21,738 10,200 59,317 69,517 $94,557 10,200 39,918 50, 118 $71, 848 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,200 83e $19,300 960 220 20,480 220 20,250 8,700 29, 180 8,700 28,950 6ee 600 4. Bee 4.600 60,777 65, 377 $94,557 4, eee 4,600 38,298 42.898 $71,848 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales 591,200 $65,000 Cost of goods sold 34, 365 34,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $91,200 $65,000 Cost of goods sold 34, 365 34,000 Gross margin 56,835 31,000 Selling and administrative expenses: Selling expenses 11,480 10,500 Administrative expenses 6,780 6,200 Total selling and administrative expenses 18,100 16,700 Net operating income 38,735 14,388 Interest expense 870 878 Net income before taxes 37,865 13,430 Income taxes 15, 146 5,372 Net income 22,719 8,058 Dividends to common stockholders 240 3ee Net incone added to retained earnings 22,479 7,758 Beginning retained earnings 38,298 30,540 Ending retained earnings $60,777 $38,298 Required: Compute the following financial data for this year: 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answs to 2 decimal places.) 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal pla 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) 6. Total asset turnover. (Round your answer to 2 decimal places.) | days 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days

Problems Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.) Problem 7-6A 6 of 7 Using the employee payroll entry, complete the General Journal entry for the issuance of the pay for the July 13 pay date. The date of the checks is July 18, 2018. Employees are paid weekly (If no entry is required for a transaction/event, select “No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the employees&#39; pay for the July 18 pay date. References Note Enter debts before credits Date General Journal Record entry Clear entry View general journal < Prex 6 7 of 9 Next >