Get help from the best in academic writing.

Report on an interview

Based on the my interview scripts attachted, please complete the reported following the instruction below, feel free to make up any information about the company! Your lesson plan – detailing the background of the venture and founder(s), the stage of the business (early-stage, developing, mature), and why this particular venture is a good candidate for consultation.
The specific frameworks you used from our course, the dilemmas and tradeoffs you emphasized, and the specific questions you asked the founding team as part of your consulting.
Dynamic aspects of the proposed agreement – specific milestones (time-based, goal-based, or otherwise) and accompanying financial projections for each founder and corresponding equity splits or other provisions should the venture have substantial revenue, exits at various levels of valuation, or go out of business.
Your own perspective on how you felt that the conversation went and what aspects were more or less beneficial to the venture and the founding team.
3 pages double-spaced max (Times New Roman, 12-point font, 1-inch margins):

Tom incorporates his sole proprietorship as Total Corporation and transfers its assets to Total in exchange college essay help free

Tom incorporates his sole proprietorship as Total Corporation and transfers its assets to Total in exchange for all 100 shares of Total stock and four $10,000 interest-bearing notes. The stock has a $125,000 FMV. The notes mature consecutively on the first four anniversaries of the incorporation date. The assets transferred are as follows:

Assets Adjusted Basis FMV

Cash $5,000 $5,000

Equipment $130,000

Minus: Accumulated depreciation (70,000) 60,000 90,000

Building $100,000

Minus: Accumulated depreciation (49,000) 51,000 40,000

Land 24,000 30,000

Total $140,000 $165,000

Requirements:

a. What are the amounts and character of Tom’s recognized gains or losses?

b. What is Tom’s basis in the Total stock and notes?

c. What is Total’s basis in the property received from Tom?

Barbara transfers $10,000 cash and machinery having a $15,000 basis and a $35,000 FMV to Moore Corporation college essay help free

Barbara transfers $10,000 cash and machinery having a $15,000 basis and a $35,000 FMV to Moore Corporation in exchange for 50 shares of Moore stock. The machinery was used in Barbara’s business, originally cost Barbara $50,000, and is subject to a $28,000 liability, which Moore assumes. Sam exchanges $17,000 cash for the remaining 50 shares of Moore stock.

Requirements:

a. What are the amount and character of Barbara’s recognized gain or loss?

b. What is Barbara’s basis in the Moore stock?

c. What is Moore’s basis in the machinery?

d. What are the amount and character of Sam’s recognized gain or loss?

e. What is Sam’s basis in the Moore stock?

f. When do Barbara and Sam’s holding periods for their stock begin?

g. How would your answers to Parts A through F change if Sam received $17,000 of Moore stock for legal services (instead of cash)?

Sherman’s Sherbet currently takes about 6 days to collect … | MONEY BACK GUARANTEE | A++ WORK college essay help free

Writing Assignment Help

Chapter 20

6. Lock Boxes. Sherman’s Sherbet currently takes about 6 days to collect and deposit checks from customers. A lock-box system could reduce this time to 4 days. Collections average $15,000 daily. The interest rate is .02 percent per day.

a. By how much will the lock-box system reduce collection float?

b. What is the daily interest savings of the system?

c. Suppose the lock-box service is offered for a fixed monthly fee instead of payment per

check. What is the maximum monthly fee thatSherman’s should be willing to pay for this service? (Assume a 30-day month.)

9. Economic Order Quantity. Assume that Everyman’s Bookstore uses up cash at a steady rate of $300,000 a year. The interest rate is 3 percent and each sale of securities costs $20.

a. How many times a year should the store sell securities?

b. What is its average cash balance?

15. Inventory Management. A just-in-time inventory system reduces the cost of ordering additional inventory by a factor of 50. What is the change in the optimal order size predicted by the economic order quantity model?

Accounting 251 college essay help free

The adjusted trial balance for Dutch Trading Company at

December 31, 2012, is presented below:

Debit

Credit

Cash

59,000

Accounts Receivable

160,000

Allowance for Doubtful Accounts

12,000

Prepaid Rent

4,000

Equipment

350,000

Accumulated Depreciation

75,000

Accounts Payable

20,000

Salaries Payable

2,000

Interest Payable

1,000

Unearned Revenue

10,000

Notes Payable – due in two years

40,000

Common Stock

15,000

Paid-in Capital in Excess of Par, Common

Stock

185,000

Retained Earnings

50,000

Dividends

18,000

Service Revenue

500,000

Salaries Expense

200,000

Operating Expenses

75,000

Rent Expense

12,000

Depreciation Expense

25,000

Interest Expense

1,000

Bad Debt Expense

6,000

Totals

910,000

910,000

Prepare an income statement for the year ended December 31,

You will need your calculated “Net

Income” value for the next problem.

Using the “Net Income” you

calculated in the previous problem and the information below, prepare

a statement of retained earnings for the year ended December 31, 2012 (4

points).

A portion of the adjusted trial balance for Dutch Trading

Company at December 31, 2012, is presented below:

Retained Earnings (beginning balance)

50,000

Dividends

18,000

You will need

your “calculated ending balance” in Retained Earnings for the next problem.

The adjusted trial balance for Dutch Trading Company at

December 31, 2012, is presented below

Debit

Credit

Cash

59,000

Accounts Receivable

160,000

Allowance for Doubtful Accounts

12,000

Prepaid Rent

4,000

Equipment

350,000

Accumulated Depreciation

75,000

Accounts Payable

20,000

Salaries Payable

2,000

Interest Payable

1,000

Unearned Revenue

10,000

Notes Payable – due in two years

40,000

Common Stock

15,000

Paid-in Capital in Excess of Par, Common

Stock

185,000

Retained Earnings

50,000

Dividends

18,000

Service Revenue

500,000

Salaries Expense

200,000

Operating Expenses

75,000

Rent Expense

12,000

Depreciation Expense

25,000

Interest Expense

1,000

Bad Debt Expense

6,000

Totals

910,000

910,000

Prepare a classified balance sheet using the

information in the adjusted trial balance above as well as your ending retained earnings from Problem 67

The adjusted trial balance for Dutch Trading Company at

December 31, 2012, is presented below

Debit

Credit

Cash

59,000

Accounts Receivable

160,000

Allowance for Doubtful Accounts

12,000

Prepaid Rent

4,000

Equipment

350,000

Accumulated Depreciation

75,000

Accounts Payable

20,000

Salaries Payable

2,000

Interest Payable

1,000

Unearned Revenue

10,000

Notes Payable – due in two years

40,000

Common Stock

15,000

Paid-in Capital in Excess of Par, Common

Stock

185,000

Retained Earnings

50,000

Dividends

18,000

Service Revenue

500,000

Salaries Expense

200,000

Operating Expenses

75,000

Rent Expense

12,000

Depreciation Expense

25,000

Interest Expense

1,000

Bad Debt Expense

6,000

Totals

910,000

910,000

Prepare the Closing Entries for the year ended December 31,

2012 using the information in the adjusted trial balance (above) and the Net

Income you calculated in #66 (4 points).

Accounting Information Systems Question college essay help free

Why do some organizations continue to use both manual and computerized systems?

What are the problems associated with dependence on human information processing

and paper documentation?

Go to http://finance.yahoo.com. Enter in college essay help free

ACC/400 college essay help free

I need 200 original plagarism proof words to the discussion question below

Discuss the benefits that a company may derive from a formal budgeting process.

Week 3 Assignment And Discussions ACC 205 Ashford University college essay help free

Week 3 Discussion 1&2 And Week 3 Assignment for ACC 205 Ashford University. check attachment for course work.

Attachments

4210405-Week_Three_Exercise_Assignment.docx

ACC 205 Week Three Exercise (All Questions Answered + Formulas) | A+ work | Guaranteed college essay help free

Week Three Exercise Assignment

Inventory

1. 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

$11,000

4/19 Purchase

Sunset

21,800

6/7 Purchase

Earth

31,200

12/16 Purchase

Moon

4,000

Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s

a. cost of goods sold.

b. gross profit.

c. ending inventory.

2. Inventory valuation methods: basic computations. The January beginning inven­tory of the White Company consisted of 300 units costing $40 each. During the first quarter, the company purchased two batches of goods: 700 Units at $44 on February 21 and 800 units at $50 on March 28. Sales during the first quarter were 1,400 units at $75 per unit. The White Company uses a periodic inventory system. Using the White Company data, fill in the following chart to compare the results obtained under the FIFO, LIFO, and weighted-average inventory methods.

FIFO

LIFO

Weighted Average

Goods available for sale

$

$

$

Ending inventory, March 31

Cost of goods sold

3. Perpetual inventory system: journal entries. At the beginning of 20X3, Beehler Company implemented a computerized perpetual inventory system. The first transactions that occurred during 20X3 follow:

1/2/20X3 Purchases on account: 500 units @ $4 = $2,000

1/15/20X3 Sales on account: 300 units @ $8.50 = $2,550

1/20/20X3 Purchases on Account: 200 units @ $5 = $1,000

1/25/20X3 Sales on Account: 300 units @ $8.50 = $2,550

The company president examined the computer-generated journal entries for these transactions and was confused by the absence of a Purchases account.

a. Duplicate the journal entries that would have appeared on the computer printout under FIFO & LIFO.

b. Calculate the balance in the firm’s Inventory account under each method.

c. Briefly explain the absence of the Purchases account to the company president.

4. Inventory valuation methods: computations and concepts. Wave Riders Surfboard Company began business on January 1 of the current year. Purchases of surfboards were as follows:

1/3:

100 boards @ $125

3/17:

50 boards @ $130

5/9:

246 boards @ $140

7/3:

400 boards @ $150

10/23:

74 boards @ $160

Wave Riders sold 710 boards at an average price of $250 per board. The company uses a periodic inventory system.

Instructions

a. Calculate cost of goods sold, ending inventory, and gross profit under each of the following inventory valuation methods:

First-in, first-out

Last-in, first-out

Weighted average

b. Which of the three methods would be chosen if management’s goal is to

(1) produce an up-to-date inventory valuation on the balance sheet?

(2) show the lowest net income for tax purposes?

5. Depreciation methods. Betsy Ross Enterprises purchased a delivery van for $30,000 in January 20X7. The van was estimated to have a service life of 5 years and a resid­ual value of $6,000. The company is planning to drive the van 20,000 miles annually. Compute depreciation expense for 20X8 by using each of the following methods:

a. Units-of-output, assuming 17,000 miles were driven during 20X8

b. Straight-line

c. Double-declining-balance

6. Depreciation computations. Alpha Alpha Alpha, a college fraternity, purchased a new heavy-duty washing machine on January 1, 20X3. The machine, which cost $1,000, had an estimated residual value of $100 and an estimated service life of 4 years (1,800 washing cycles). Calculate the following:

a. The machine’s book value on December 31, 20X5, assuming use of the straight-line depreciation method.

b. Depreciation expense for 20X4, assuming use of the units-of-output depreciation method. Actual washing cycles in 20X4 totaled 500.

c. Accumulated depreciation on December 31, 20X5, assuming use of the double-declining-balance depreciation method.

7. Depreciation computations: change in estimate. Aussie Imports purchased a specialized piece of machinery for $50,000 on January 1, 20X3. At the time of acquisition, the machine was estimated to have a service life of 5 years (25,000 operating hours) and a residual value of $5,000. During the 5 years of operations (20X3 – 20X7), the machine was used for 5,100, 4,800, 3,200, 6,000, and 5,900 hours, respectively.

Instructions

a. Compute depreciation for 20X3 – 20X7 by using the following methods: straight line, units of output, and double-declining-balance.

b. On January 1, 20X5, management shortened the remaining service life of the machine to 20 months. Assuming use of the straight-line method, compute the company’s depreciation expense for 20X5.

c. Briefly describe what you would have done differently in part (a) if Aussie Imports had paid $47,800 for the machinery rather than $50,000. In addition, assume that the company incurred $800 of freight charges $1,400 for machine setup and testing, and $300 for insurance during the first year of use.

Job Financial Report – Alli Co is a merchandising business college essay help free

Alli Co. is a merchandising business. The account balances for Alli Co. as of November 30, 2012 (unless otherwise indicated), are as follows:

110 Cash $ 73,920

112 Accounts Receivable 37,875

113 Allowance for Doubtful Accounts 3,500

115 Merchandise Inventory 133,900

116 Prepaid Insurance 3,750

117 Store Supplies 2,850

123 Store Equipment 100,800

124 Accumulated Depreciation-Store Equipment 20,160

210 Accounts Payable 21,450

211 Salaries Payable 0

218 Interest Payable 0

220 Note Payable (Due 2017) 10,000

310 P. Williams, Capital (January 1, 2012) 89,510

311 P. Williams, Drawing 40,000

312 Income Summary 0

410 Sales 853,040

411 Sales Returns and Allowances 20,600

412 Sales Discounts 13,200

510 Cost of Merchandise Sold 414,575

520 Sales Salaries Expense 74,400

521 Advertising Expense 18,000

522 Depreciation Expense 0

523 Store Supplies Expense 0

529 Miscellaneous Selling Expense 2,800

530 Office Salaries Expense 40,500

531 Rent Expense 18,600

532 Insurance Expense 0

533 Bad Debt Expense 0

539 Miscellaneous Administrative Expense 1,650

550 Interest Expense 240

Alli Co. uses the perpetual inventory system and the last-in, first-out costing method. Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, first-out costing method, please ignore this step in the process. They also use the Allowance Method for bad debt.

The Accounts Receivable and Accounts Payable Subsidiary Ledgers along with the Inventory Control Sheet should be updated as each transaction affects them (daily).

Essay Writing at Profs Only

5.0 rating based on 10,001 ratings

Rated 4.9/5
10001 review

Review This Service




Rating: