Purpose The purpose of this presentation is to address the issue of withholding recess from students in elementary schools as punishment for behavior problems. The intent of this paper is to inform the audience on the benefits of recess and why it would be contradictive to remove recess as a punishment for misbehavior. Audience The audience for this presentation would be parents‚ teachers‚ and administrators of elementary school students. This presentation may also be of importance to daycare workers
Premium Problem solving Elementary school Behavior
NOT have to be protected when it is submitted (after you are done). Instructions: Enter your name in the space provided above and enter your answers in each of the form spaces provided. For each question‚ there is a space at the bottom of the problem where you may enter the details of your computation in order to potentially earn partial credit. The space provided will expand as you write in it. You do not have to enter anything there (and if you are certain your answers are correct‚ you should
Premium Balance sheet Inventory Generally Accepted Accounting Principles
sold……………………………….. 90‚000 Gross profit………………………………………… $60‚000 (15-20 min.) S 6-3 a b c Average Cost FIFO LIFO Cost of goods sold: Average (26 × $154.71) $4‚022.46 FIFO $1‚260 + (17 × $160) $3‚980 LIFO $4‚000 + (1 × $140) $4‚140 Ending inventory: Average (8 × $154.71) $ 1‚237.68 FIFO (8 × $160) $1‚280 LIFO (8 × $140) $1‚120 Computations: Units sold = 26 (9 + 25 − 8) Units in ending inventory = 8 Average cost
Premium Inventory FIFO and LIFO accounting Revenue
Accounting Memo Irene Emond BCOM/230 July 14‚ 2014 Jay Johnson Accounting Memo When creating a memo‚ the first thing to do is to know and identify your purpose and your audience. Failing to know your audience can result in misinterpretation‚ needing more clarification or being altogether ignored. Considering your audience is a must‚ as it falls under the same category as knowing the purpose of your memo. Upon reviewing the given example‚ I would suggest using the commonly accepted format. The first
Premium FIFO and LIFO accounting Paragraph Vice president
Chapter 7 Reporting and Interpreting Cost of Goods Sold and Inventory ANSWERS TO QUESTIONS 1. Inventory often is one of the largest amounts listed under assets on the balance sheet which means that it represents a significant amount of the resources available to the business. The inventory may be excessive in amount‚ which is a needless waste of resources; alternatively it may be too low‚ which may result in lost sales. Therefore‚ for internal users inventory control is very important
Premium Inventory FIFO and LIFO accounting
financial and tax purposes are equal to the actual cost of goods available. FIFO‚ LIFO‚ and weighted average are come methods used to account for inventory. FIFO assigns first costs incurred to COGS on income statement. LIFO assigns last costs incurred to COGS on the income statement and if using a weighted average method a company would assign average cost incurred to COGS on income statement. Deere and Company uses LIFO costing method. d. Assuming that prices are increasing‚ FIFO gives a better
Premium Inventory Revenue FIFO and LIFO accounting
Nuware Case Questions - Monday September 22 1.) Restate Nuware’s 2013 earnings as if the company had used the same accounting methods and assumptions as R.P. Stuart. Your answer should focus on‚ but not necessarily be limited to‚ Nuware’s accounting for investments‚ receivables‚ inventory‚ and PP&E. From the discussions in Nuware’s notes and the comparison with RP.Stuart’s financial statement‚ we noticed that there are several different accounting policies being adopted‚ including receivables
Premium Financial ratios Generally Accepted Accounting Principles Revenue
Options:-Portion of debt through insurance company-Continue at 90 day terms-Factor receivables-Collateralize assets-Mortgage general purpose building-Independent Canadian Financing-Flat dividends-Payment Terms - accelerate receipt-LIFO / FIFOEvery available option has a positive and a negative aspect to it. Here we will decipher what option gives Padgett Paper Products the best financial structure‚ provides the most flexibility for continued growth‚ and reduces the risk for all parties involved.
Premium Inventory Finance FIFO and LIFO accounting
Process Costing Characteristics of Process Manufacturing • Since each product within a product line passing through the processes would receive similar ‘‘doses’’ of materials‚ labor‚ and overhead‚ costs are accumulated by process. • Process costing works well whenever relatively homogeneous products pass through a series of processes and receive similar amounts of manufacturing costs Units are homogeneous and subjected to the same operations for a given process and each unit produced in a
Premium Inventory FIFO and LIFO accounting Costs
methods: 1. First-in‚ first-out (FIFO) 2. Last-in‚ last-out (LIFO) 3. Average cost E8-14 Altira uses a perpetual inventory system. Determine the inventory balance Altira would report in its August 31‚ 2011‚ balance sheet and the cost of goods sold it would report in its August 2011 income statement using each of the following cost flow methods: 1. FIFO: 2. LIFO: 3. Average cost E8-18 1. Steelcase adjusts the LIFO reserve at the end
Premium Inventory Balance sheet FIFO and LIFO accounting