Savage Motors (Software Training)Savage Motors sells and leases commercial automobiles, vans, and… 1 answer below »

Savage Motors (Software Training)

Savage Motors sells and leases commercial automobiles, vans, and trucks to customers in southern California. Most of the company’s administrative staff works in the main office.

The company has been in business for 35 years, but only in the last 10 years has the company begun to recognize the benefits of computer training for its employees.

The company president, Arline Savage, is thinking about hiring a training company to give onsite classes. To pursue this option, the company would set up a temporary ‘‘computer laboratory’’ in one of the meeting rooms, and the trainers would spend all day teaching one or more particular types of software. You have been hired as a consultant to recommend what type of training would best meet the firm’s needs.

You begin your task by surveying the three primary corporate departments: sales, operations, and accounting. You find that most employees use their personal computers for only five types of software: (1) word processing, (2) spreadsheets, (3) database, (4) presentations, and (5) accounting. The accompanying table shows your estimates of the total number of hours per week used by each department on each type of software.

Departments(number of employees)

Hour per week

Word processing

Spreadsheet

Database

Presentation

Accounting

Sales(112)

1150

750

900

500

700

Operations(82)

320

2450

650

100

500

Accounting(55)

750

3600

820

250

2500

Requirements

1. Create a spreadsheet illustrating each department’s average use of each application per employee, rounding all averages to one decimal point. For example, the average hours of word processing for the Sales department is 1,150/112 = 10.3 hours.

2. Suppose there were only enough training funds for each department to train employees on only one type of application. What training would you recommend for each department?

3. What is the average number of hours of use of each application for all the employees in the company? What training would you recommend if funds were limited to only training one type of application for the entire company?

4. Using spreadsheet tools, create graphs that illustrate your findings in parts 1 and 2.

Do you think that your graphs or your numbers better ‘‘tell your story?’’

5. What alternatives are there to onsite training? Suggest at least two alternatives and discuss which of your three possibilities you prefer.

 

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On June 30, the end of the current fiscal year, the following information is available to SCP Compan

On June 30, the end of the current fiscal year, the following information is available to SCP Company's Accountants for making adjusting entries:

REQUIRED PREPARE THE ADJUSTING ENTRIES FOR EACH ITEM LISTED ABOVE On June 30, the end of the current fiscal year, the following information is available to SCP Company's accountants for making adjusting entries: a. Among liabilities of the company is a mortgage payable in the amount of €240.000. On June 30, the accrued interest on this mortgage amounted to €12.000. b. On Friday, July 2, the company, which is a five-day workweek and pays employees weekly, will pay its regular salaried employees €19.200. C. On June 29, the company completed negotiations and signed a contract to provide monthly services to a new client at an annual rate of €3.600. d. The Supplies account shows a beginning balance of €1.615 and purchases during the year of €3.766. The end-of-year inventory reveals supplies on hand of €1.186. e. The Prepaid Insurance account shows the following entries on June 30: Beginning balance: January 1: €1.530 €2.900 €3.366 May 1: The beginning balance represents the unexpired portion of a one-year policy purchased in April of the previous year. The January 1 entry represents a new one-year policy, and the May 1 entry represents the additional coverage of a three-year policy. (Round final answer to the nearest Euro)

 

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Can a business enter into a transaction that affects only the left side of the basic accounting…

Can a business enter into a transaction that affects only the left side of the basic accounting equation? If so, give an example.

 

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Begin your paper by briefly analyzing the Alibaba organization

Alibaba is China’s—and by some measures, the world’s—biggest online commerce company. Its three main sites—Taobao, Tmall, and Alibaba.com—have hundreds of millions of users, and host millions of merchants and businesses. Alibaba handles more business than any other e-commerce company.Begin your paper by briefly analyzing the Alibaba organization, including its purpose and vision. Your summary should be clear enough that anyone could pick up your paper and get a basic understanding of the organization.Next, analyze the strategic profile of Alibaba, including the following issues:-Identify the business strategy Alibaba seems to be following internationally: multi-domestic, global, or transnational? Defend your choice with research, rationale, and appropriate examples.-Assess the appropriateness of Alibaba’s strategy.-Evaluate the rationale for developing international competitive capabilities.-Distinguish among the alternative methods of international market entry that are available to Alibaba, including the strengths and weaknesses of each option. Assess whether Alibaba is utilizing the best method.-Distinguish among the organizational structures used to implement the three alternative international corporate strategies. Assess whether Alibaba’s choice of structure aligns with their chosen strategy.Finally, summarize two or three important take-aways from your research into Alibaba. In essence, what did you learn and what strategic development and implementation lessons might you apply?Present your analysis as a 4–5-page report in a Microsoft Word document formatted in APA style.Name your document MBA6999_W3_A2_LastName_FirstInitial.doc. For example, if your name is John Smith, your document will be named MBA6999_W3_A2_Smith_J.doc.

 

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Basis of Accounting and Reporting Issues The accounting system of Barb City is o r ganized and

Basis of Accounting and Reporting Issues

The accounting system of Barb City is o r ganized and operated on a fund basis. Among the types of

funds used are a general fund, a special revenue fund, and an enterprise fund.

Required

a. Explain the basic differences in revenue recognition between the accrual basis of accounting and the modified accrual basis of accounting in relation to governmental accounting.

b . What basis of accounting should be used for each of the following: (1) general fund, (2) special revenue fund, and (3) enterprise fund?

 

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Which is not part of the recording process?

Which is not part of the recording process?

(a) Analyzing transactions.

(b) Preparing a trial balance.

(c) Entering transactions in a journal.

(d) Posting transactions.

 

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new durham township … (word format only) 1 answer below »

Problem # must be in word format

New Durham Township assessed property owners $2,000,000 to construct sidewalks. The assessments were payable over a period of ten years in annual installments of $246,580, an amount that re?ects interest at a rate of 4 percent.

To fund the improvements the city issued $2,000,000 of ten-year, 4 percent bonds. The bonds were sold to yield interest of 3.8 percent (1.9 percent per period) and were thereby sold at a premium of $33,020 (i.e., at a total of $2,033,020). The township transferred the premium to an appropriate fund. Interest on the bonds is payable semiannually (i.e., $40,000 each six months).

In as much as the amounts to be received from the property owners are not coincident with the required payments to bondholders, the township will invest all available cash, and any assets that remain after the bonds have been repaid will be transferred to the general fund.

In the same year that the township assessed the property owners and issued the notes, it constructed the sidewalks at a cost of $2,000,000. During that year it made one payment of interest on the bonds and collected one installment from the property owners. It invested $239,600 in U.S. Treasury notes—the difference of $206,580 between the assessments received and the interest paid, plus the $33,020 bond premium. It earned $6,000 (cash) interest on these securities.

Assume that the township recognized one full year’s interest on the assessments receivable and that it recorded

1. Prepare summary journal entries in all appropriate funds.

2. Prepare alternative journal entries to re?ect how the transactions would be recorded in the township’s government-wide statements.

 

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Joey Debtor files for Chapter 7 and lists the following debts: a. $15,000 in back child support. b.

Joey Debtor files for Chapter 7 and lists the following debts:

a.            $15,000 in back child support.

b.            $10,000 for fines issued for an assault charge.

c.            $40,000 for past-due student loans.

d.            $7,500 for past-due rent to his landlord.

e.            $600 for a past-due credit card.

Which debts can be discharged in Bankruptcy?

 

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Explain how cash and in-kind transfer programs can reduce the incentive to work by recipients.

1. Explain how cash and in-kind transfer programs can reduce the incentive to work by recipients.

2. Suppose a person will receive $50 per day as a transfer if he does not work at all. This transfer is reduced by 60 cents for each $1 of earned income. How much daily earned income will reduce the transfer to zero?

 

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journalize the following entries. i do not need the dollar amount just need to know which accounts t

journalize the following entries. i do not need the dollar amount just need to know which accounts to charge
TRANSACTION TRANSACTION TRANSACTION DESCRIPTION Billed Reynaldo & Marey Rodriguez for their wedding. Invoice #217, terms 2/10, n/30. The Rodriguezes had previously made a $1,500 deposit. 45 hours Event Planning & Service @ S125.00 per hour 8 packages Like-China 9″ Plates 8 packages Like-China 6″ Plates 8 packages Like-Crystal 8 oz. Stemware January 12 & packages Like-Linen Dinner Napkins 8 packages Like-Linen Beverage Napkins 8 packages Like-Silver Cutlery Sets 8 packages Wedding Favor Boxes I pair Toasting Flutes-Wedding Note: The Rodriguezes plan to pay within the discount period. Record the full sale before deposit) of the discounted amount. Record sales tax on the gross amount. Billed Davito & Company for an event, Invoice w218, terms 2/10, n/30. 2 hours Event Planning & Service @ $90.00 per hour 4 packages Like-China Coffee Mugs January 12 2 packages Like-China 6″ Plates 2 packages Like-Silver Cutlery Sets Note: Davito is not expected to pay within the discount period. Record the sale at the gross amount 24 Received payment in full less the discount on Invoice #214 from January 12 Portland Financial, Customer Check 582. (Hint: Remember to apply Credit Memorandum #55.) Issued Check #2407 to Layne's Elegant Disposables in payment of January 12 Invoice #1010. (Hint: Take the discount on the goods but not on the freight.) 27 January 13 Cash store sales for January 9-13: 15 hours Consulting Services @ $60.00 per hour 3 packages Any Occasion Favor Boxes 2 each Tiara-Sweet 16 4 each Sweet 16 Party for 8 8 packages Assorted Balloons 30 each Place Card Holder-Any Occasion 4 pairs Toasting Flutes Wedding Reminder: All sales are subject to 8.25% sales tax, including sales of services. 28 Issued Check #2408 in the amount of $3,548.68 to the United States Treasury (Internal Revenue Service, P.O. Box 105078, Atlanta, GA January 13 30348) in payment of withheld FICA, federal income tax, and employer's FICA for last December. (Hint: Refer to the opening trial balance (Booklet 1, Echibit A) for amounts in each account.) Issued Check #2409 in the amount of $15.33 to the United States January 13 Treasury in payment of FUTA taxes accrued during the period ending December 31. 29 90

 

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