I need some guidance please, can someone help?

E1-17

Runcke Motor Company manufactures automobiles. During September 2011 the company purchased 5,000 head lamps at a cost of $9 per lamp. Runcke withdrew 4,650 lamps from the warehouse during the month. Fifty of these lamps were used to replace the head lamps in autos used by traveling sales staff. The remaining 4,600 lamps were put in autos manufactured during the month.

Of the autos put into production during September 2011, 90% were completed and transferred to the company’s storage lot. Of the cars completed during the month, 75% were sold by September 30.

Instructions(a) Determine the cost of head lamps that would appear in each of the following accounts at September 30, 2011: Raw Materials, Work in Process, Finished Goods, Cost of Goods Sold, and Selling Expenses.

(b) Write a short memo to the chief accountant, indicating whether and where each of the accounts in (a) would appear on the income statement or on the balance sheet at September 30, 2011.

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Create an Annotated Bibliography and a PowerPoint on the Bibliography ANNOTATED

Create an Annotated Bibliography and a PowerPoint on the Bibliography
ANNOTATED BIBLIOGRAPHY
·         USE TEMPLATE PROVIDED FOR YOU IN CANVAS!
o   Download the template, save it, type on it, save it, and upload that document when you complete the assignment.
·         USE THE RESEARCH SHEET PROVIDED FOR YOU IN ORDER TO FIND READINGS! 
·         USE THE WCU LIBRARY SITE!
·         Rubric provided toward end of syllabus.
COVER PAGE
Included on template.  Highlight the relevant components and type in your information.
ALPHABETICAL ORDER
You alphabetize according to the FIRST author of a publication.  You DO NOT change the order of authors for a particular publication!
FIVE ENTRIES (Criteria)
·         Scholarly and/or peer reviewed information (Use the reference sheet provided for you & WCU Online Library site to find readings!)
·         One entry has to be from a book obtained from WCU. You may cite the entire book or a chapter from a book. If you cite chapters from a book, you may only use one chapter from one book.
·         You may use only 1 publications that is an ERIC document (will have an ED#)
·         Articles have to be a MINIMUM of 10 full pages of text.
·         I need to approve any information that has
o   Pictures
o   No references
o   No author cited
·         20 points will automatically be deducted for each entry that does not meet criteria
·         NO WWW sites allowed
·         NO Book Reviews allowed

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ANNOTATED
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Prewriting and Outlining for the Narrative Essay This week, you will be preparin

Prewriting and Outlining for the Narrative Essay
This week, you will be preparing for next week’s essay: the narrative. Take a moment and review the directions for the Week 3 narrative essay. Once you have a topic you want to write your narrative about, you will complete this three part assignment.
Part I: Respond to Questions
These questions are intended to guide you through your free write and outline and are part of the preparation for your narrative essay.
1.    What specific event do you want to write about that had a lasting impact on your life?
2.    In one sentence, describe the event.
3.    Where and when did it happen?
4.    What people were involved in the situation?
5.    What people are your audience? Who would want to read your narrative? [Note: The answer to this question should not be “everyone” or “my instructor/classmates.” See Chapter 5 of your textbook for ideas on choosing your audience.]
6.    What message do you want to convey to your audience?
Part II – Prewriting
Now expand the answers to your questions. Take 10-15 minutes to free write about your topic. Chapters 4 and 5 in your textbook can help you decide what kind of free writing you want to do, but don’t feel restricted by one genre. Write down everything that pertains to your topic, including questions your readers might have. Don’t worry about grammar or sentence structure; this is a brainstorming activity.
Part III: Outline
Next, create an outline as a preliminary structure for the narrative essay. Use several of the outlining rules on pp. 111-115 of The Writer’s Way, but be sure to include the following:
·         Outline in three to five parts only (rule no. 1)
·         Don’t describe; summarize (no. 5)
·         Outline whole sentences only (no. 8)
You may use as many of the other rules as you feel necessary. The goal is to present a structure for how your final essay may look. As such, an outline is not a series of paragraphs or a rough draft. Here is a sample free write and outline that you can use to help you get started.

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This week, you will be preparin
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1. write a dissection “memo” like  that address the new  Revenue Recognition 8 .

1. write a dissection “memo” like 
that address the new  Revenue Recognition
8 . Read the following issue. Next, add an ellipsis to par. 15-2 to reflect the removal of any guidance not considered relevant to this issue. Issue: Presto Hospitality is researching the interaction between ASC 842 (Leases) and ASC 606 (Revenue). Presto wants to know whether it must evaluate ASC 606 for any contracts that it concludes are within the scope of leasing guidance. Presto reviews the following scope guidance in ASC 606-10: 15-2 An entity shall apply the guidance in this Topic to all contracts with customers, except the following:  
a. Lease contracts within the scope of Topic 842, Leases. 
b. Contracts within the scope of Topic 944, Financial Services—Insurance.
c. Financial instruments and other contractual rights or obligations within the scope of the following Topics:
1. Topic 310, Receivables 
2. Topic 320, Investments—Debt and Equity Securities  
2a. Topic 321, Investments—Equity Securities 
3. Topic 323, Investments—Equity Method and Joint Ventures  
4. Topic 325, Investments—Other  
5. Topic 405, Liabilities 
6. Topic 470, Debt  
7. Topic 815, Derivatives and Hedging
8. Topic 825, Financial Instruments 
9. Topic 860, Transfers and Servicing
d. Guarantees (other than product or service warranties) within the scope of Topic 460, Guarantees. 
e. Nonmonetary exchanges between entities in the same line of business to facilitate sales to customers or potential customers. For example, this Topic would not apply to a contract between two oil compa-nies that agree to an exchange of oil to fulfill demand from their customers in different specified loca-tions on a timely basis. Topic 845 on nonmonetary transactions may apply to nonmonetary exchanges that are not within the scope of this Topic
4.5. Presto Hospitality—Revenue Recognition Assume Presto concludes that its concession agreement with Stadium Co. is not a lease. In that case, apply the five-step revenue process in ASC 606 to this arrangement. Assume you are evaluating appropriate revenue recognition for the contract and for individual transactions that will arise within the scope of the contract (for example, a sale of a hot dog to a customer in the stadium). Assume a hot dog retails for $6, of which Presto retains 50%.
4.6 Baseball Suites—Lease Evaluation The New York Yankees offer multiyear luxury suite licenses to customers, including 3-, 5-, and 10-year licenses. Customers who sign these license agreements have the right to use a specified suite in the stadium (say, suite no. 25) for the dates specified in the license agreement. Alternatively, customers with a more limited interest or budget can sign up for a partial season (a 20- or 41-game plan) where the customer can specify which games it wishes to view from the suite. While the customer is enjoying the suite, a third-party concessionaire (similar to Presto’s role) will provide premium food and beverage service to guests in the suite. Evaluate—is a suite license a lease? Assume a customer signs a 20-game license for specified games to occur within a single Major League Baseball season
4.7 Sales Commissions, Writing an Email Assume the New York Yankees pay its sales staff a 2% sales commission on each luxury suite license contract signed (such as by a corporate customer). Research whether this commission payment should be reported as an asset or an expense by the New York Yankees. Craft your response in the form of an email, and assume you’re responding to a question asked to you by the accounting manager for the Yankee
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that address the new  Revenue Recognition
8 .
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