Accounting Project

$9.00

Description

  1. Project Guidelines:

    The project is due Sunday April 1st and involves completingApplication and Analysis 5-1 Process Costing in Real Companies(unless you visited the FIU Whistle blower seminar earlier this semester and would prefer to write your paper on that subject). The project is to be completed individually (without assistance from others) and requires you to go toYouTube.comand search for clips from the showUnwrappedorHow It’s Made on Discovery Channel. Watch a clip for a product that would use process costing. For some of the questions you may need to make assumptions about the production process (i.e. companies may not publicize their entire production process). If you make any assumptions, be sure to disclose both the assumption and your rationale for that assumption.Basic Discussion Questions1. Describe the product selected.2. Summarize the production process3. Justify why you think this production process would dictate the use of a process costing system.4. List at least two separate processes that are performed in creating this product. What departments would house these processes?5. Describe at least one department that would have ending work in process. What do the units look like as they are “in process”?Required:Research answers to these questions. Turn in a 3-4 page paper (Note: the text lists 2-3 page paper but I would like at least 3 pages). The paper will be double spaced with 1″ margins. Include any references used, including the URL of the clip that you viewed.

    Tips and Why you are doing this paper:The project should flow like a term paper as opposed to separately answered questions. Be sure that you useyour ownwords when writing. The purpose of the assignment is to see how you interpret and translate these video examples into your own words (ie how strong are your technical writing skills.) I will be evaluating your writing ability both in content and grammatical correctness. Make it look professional and use proper citings. It should be a fun and fairly easy project to complete. Once complete, put it in the Assignment Dropbox. Let me know if you have any further questions.

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Accounting project

$11.00

Description


IT Project Description




You are given information
aboutDoha Company which is a service company located in Qatar. You are expected
to analyze, record and communicate that information by using Microsoft Excel.You
will need to complete the accounting cycle in the following order:


a)
Prepare journalentries in the general journal.


b)
Post the entries to the general ledger.


c)
Preparethe income statement, statement of
changes in owners’ equity and balance sheet.


Please note
that you will be expected to apply basic Excel applications such linking the
cells and using formulas
(i.e. adding and subtracting information in the
different cells).You will be graded on your ability to complete the accounting
cycle by employing Excel functions. Should you need to type in items that are
not available in the provided information, such as “current asset” in the
balance sheet, then please feel free to do so. Additionally, you will need to:


1.
Find information from the internet regarding the
different risks that are found in companies.


You will need to
provide the source (link to the website) from which you have obtain that
information. Alternatively, you can submit a printed copy of the information
obtained from the internet.


2.
Please a report write a short report (one page or
less) to answer the following:


a) Assume
that Doha Company asked you for a loan. Based on the information in the
financial statements, would you agree to give a loan to the company? Explain your
answer.


b) In
your opinion, how caninformation technology helpbusinesses.



Please Make sure that the report is in PDF format.



3.
Please submit the excel sheet, the risk sheet (from
the internet) and thereport via Blackboard.



Go to Blackboard



Go to “Assessment Information”



Click on “IT Project”



Submit the three files which are the Excel
sheet, risk sheet (from the internet)
and the report.



Please use your Qatar University ID number to
label the different files.

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Accounting Project

$16.00

Description

Project Guidelines:

The project is due Sunday April 1st and involves completingApplication and Analysis 5-1 Process Costing in Real Companies(unless you visited the FIU Whistle blower seminar earlier this semester and would prefer to write your paper on that subject). The project is to be completed individually (without assistance from others) and requires you to go toYouTube.comand search for clips from the showUnwrappedorHow It’s Made on Discovery Channel. Watch a clip for a product that would use process costing. For some of the questions you may need to make assumptions about the production process (i.e. companies may not publicize their entire production process). If you make any assumptions, be sure to disclose both the assumption and your rationale for that assumption.Basic Discussion Questions1. Describe the product selected.2. Summarize the production process3. Justify why you think this production process would dictate the use of a process costing system.4. List at least two separate processes that are performed in creating this product. What departments would house these processes?5. Describe at least one department that would have ending work in process. What do the units look like as they are “in process”?Required:Research answers to these questions. Turn in a 3-4 page paper (Note: the text lists 2-3 page paper but I would like at least 3 pages). The paper will be double spaced with 1″ margins. Include any references used, including the URL of the clip that you viewed.

Tips and Why you are doing this paper:The project should flow like a term paper as opposed to separately answered questions. Be sure that you useyour ownwords when writing. The purpose of the assignment is to see how you interpret and translate these video examples into your own words (ie how strong are your technical writing skills.) I will be evaluating your writing ability both in content and grammatical correctness. Make it look professional and use proper citings. It should be a fun and fairly easy project to complete. Once complete, put it in the Assignment Dropbox. Let me know if you have any further questions

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Accounting Project

$210.00

Description

I have a huge accounting project due July 10. Was wondering if anyone is interested in helping me. I will have to email you the file….it won’t let me up load it. Please let me know if interested

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ACCOUNTING PROJECT

$52.00

Description

You have just been hired as a new management trainee by Earrings Unlimited,a distributor of earrings to various retail outlets located in shopping malls across the country.In the past the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.Since you are well trained in budgeting ,you have decided to prepare comprehensive budgets for the upcoming second quarter in order to show management the benefits that can be gained from an integrated budgeting program.To this end,you have worked with accounting and other areas to gather the information assembled below.The company sells many styles of earrings but all are sold for the same price$10 per pair.Actual sales or earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings)
January(actual) 20,000February(actual) 26,000March(actual) 40,000April(budget) 65,000May(budget) 100,000June(budget) 50,000July(budget) 30,000August(budget) 28,000September(budget) 25,000
The concentration of sales before and during May is due to Mother’s day .Sufficient inventory should be on hand at the end of each month to supply 40% of the earrings sold in the following month.Suppliers are paid $4 for a pair of earrings.One-half of a month’s purchases is paid for in the month of purchase,the other half is paid for in the following month.All sales are credit,with no discount and payable within 15 days.The company has found ,however,that only 20%of a month’s sales are collected in the month of sale.An additional 70% is collected in the following month,and the remaing 10% is collected in the second month following sale.Bad debts have been negligible.Monthly operating expenses for the company are given below:
Variable:Sales commissions 4%Fixed:Advertising $200,000Rent $18,000Salaries $106,000Utilities $7,000Insurance $3,000Depreciation $14,000Insurance is paid on an annual basis in November of each year.The company plans to purchase $16,000 in new equipment during May and $40,000 in new equipment during June,both purchases will be for cash.The company declares dividends of $15,000 each quarter,payable in the first month of the following quarter.A listing of the company’s ledger accounts as of March 31 is given below
AssetsCash $74,000Accounts receivable($26,000 sales;$320,000 March sales) $346,000Inventory $104,000Prepaid Insurance 21,000Property and equipment(net) 950,000Total assets $1,495,000
Liabilities and Stockholders’ EquityAccount payable $ 100,000Dividends pyable 15,000Capital Stock 800,000Retained earnings 540,000Total liabilities and stockholders $1,495,000
The company maintains a minimum cash balance of $50,000.All borrowing is done at the beginining of the month:any repayments are made at the end of a month.The company has an agreement with a bank that allows the company to borrow in increments of $1,000 at the begining of each month.The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded.At the end of the quarter,the company would pay the bank all of the accumulated interest on loan and as much of the loan as possible(in increment of $1,000) while still retaining at least $50,000 in cash
Required:Prepare a master budget for the three month ending June 30.Include the following detailed budgets:1.A sales budget,by month and in total.b.A schedule of expected cash collections from sales,by month and in total.c.A merchandise purchases budget in units and in dollars.Show the budget by month and in total.d.A schedule of expected cash disbursements for merchandise purchases,by month and in total.2.A cash budget .Show the budget by moth and in total.Determine any borrowing that would be needed to maintain the minimum cash balance of $50,0003.A budgeted income statement for the three month period ending June,30.Use the contribution approach.4.A budgeted balance sheet as June 30
Take Note:you are to use microsoft excel and show computation at various stages of budgeting.The format is given below please take note.

SALES BUDGET: April May June QuarterBudgeted unit sales Selling price per unit Total Sales

SCHEDULE OF EXPECTED CASH COLLECTIONS: April May June QuarterFebruary sales March sales April sales May sales June sales Total Cash Collections

MERCHANDISE PURCHASES BUDGET: April May June QuarterBudgeted unit sales Add desired ending inventory Total needs Less beginning inventory Required purchases Cost of purchases @ $4 per unit

BUDGETED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES: April May June QuarterAccounts payable April purchases May purchases June purchases Total cash payments

EARRINGS UNLIMITED CASH BUDGET FOR THE THREE MONTHS ENDING JUNE 30 April May June QuarterCash balance Add collections from customers Total cash available
Less Disbursements Merchandise purchases AdvertisingRent Salaries Commissions Utilities Equipment purchases Dividends paid Total Disbursements
Excess (deficiency) of receipts over disbursements Financing: Borrowings Repayments Interest Total financing
Cash balance, ending

EARRINGS UNLIMITED BUDGETED INCOME STATEMENT FOR THE THREE MONTHS ENDED JUNE 30
Sales -Variable expenses: Cost of goods sold -Commissions – -Contribution Margin -Fixed expenses: Advertising -Rent -Salaries -Utilities -Insurance -Depreciation – -Net operating income -Interest expense -Net income –

EARRINGS UNLIMITED BUDGETED BALANCE SHEET JUNE 30
Assets:
Cash Accounts receivable (see below) Inventory Prepaid insurance Property and equipment, net Total assets

Liabilities and Stockholders’ Equity
Accounts payable, purchases Dividends payable Capital stock Retained earnings (see below) Total liabilities and stockholders’ equity

Accounts receivable at June 30: May sales x ?% June sales x ?% Total

Retained earnings at June 30: Balance, March 31 Add net income Total Less dividends declared Balance, June 30

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