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The following selected accounts and their current balances appear in the ledger of Black Lab Co. for the fiscal year ended April 30, 2012:Cash $ 42,000 Sales Returns and Allowances $ 40,000Accounts Receivable 150,000 Sales Discounts 15,000Merchandise Inventory 180,000 Cost of Merchandise Sold 1,855,000Offi ce Supplies 5,000 Sales Salaries Expense 400,000Prepaid Insurance 12,000 Advertising Expense […]

1. Dalian Company provides the following information: Price per unit: $20Variable cost per unit: $8Fixed costs per month: $15,000 What is the breakeven point in terms of units sold? 1,1501,2001,8751,250  2. A traditional costing system employs multiple allocation rates, but an activity-based costing system uses only one single allocation rate.  True   False   3. Formosa […]

Comparative financial statement data of Danfield, Inc. , follow:   Danfield, Inc.  Comparative Income Statement   Years Ended December 31, 2012 and 2011    20122011  Net sales 467,000 428,000   Cost of goods sold 237,000 218,000   Gross profit 230,000 2 10,000   Operating expenses 136,000 134,000   Income from operations 94,000 76,000   Interest […]

The Web site Amazon.com once aimed to be the world’s largest bookseller. Now the company offers a wide range of products and services to consumers, operating online retail storefronts for partners and developing and selling its own manufactured products (such as Kindle). Can a company like Amazon.com have a strong business model but a weak […]

Your team has been assigned to give a presentation to your organization’s board of ethics. The team will discuss a current biomedical issue that faces your organization and its social responsibility toward the issue.Resource: Biomedical Presentation Grading Criteria on your student websitePrepare a 10- to 12-slide Microsoft® PowerPoint® presentation that discusses the biomedical issue. Include […]

E14-13 Classifying items on the indirect statement of cash flows [5–10 min] The cash flow statement categorizes like transactions for optimal reporting. Requirement 1.Identify each of the following transactions as one of the following: •Operating activity (O)•Investing activity (I)•Financing activity (F)•Noncash investing and financing activity (NIF)•Transaction that is not reported on the statement of cash […]

Resource: Administrative Ethics Paper Grading Criteria on your student websiteFind a current administrative ethical issue in a newspaper, magazine, or journal article relating to topics such as patient privacy, confidentiality, HIPAA, achieving informed consent, etc.Write a 1,600 to 2,000-word paper that includes the following: Describe the issue and its impact on the population it affects […]

Resource: Code of Ethics Paper Grading Criteria posted by facilitator in classroom course materials folderResearch and select a health care organization in which you locate the mission statement, its code of ethics, and core values.Write a 1,400- to 1,750-word paper in which you discuss ethics in a health care organization. Include the following: What are […]

M3-1 Reporting Cash Basis versus Accrual Basis Income            Mostert Music Company had the following transactions in March: a. Sold music lessons to customers for $10,000; received $6,000 in cash and the rest on account. b. Paid $600 in wages for the month. c. Received a $200 bill for utilities that […]

Resource: Ethics Case Study Grading Criteria on your student websiteRead the case study in Ch. 4 of Medical Law and Ethics that begins, “Jerry McCall is Dr. William’s office assistant.”Prepare a 700- to 1050-word paper in which you answer the following questions: Does Jerry’s medical training qualify him to issue this refill order? Why or […]