Establishing Buyer Relationships in Real Estate: Assessment
.docx
keyboard_arrow_up
School
TAFE NSW - Sydney Institute *
*We aren’t endorsed by this school
Course
2023
Subject
Accounting
Date
Jun 13, 2024
Type
docx
Pages
23
Uploaded by ChiefTankGoose44
Assessment event 1 of 3: CL_SellSales_Knowledge
Criteria
Unit code and name
CPPREP4104| Establish buyer relationships (1)
CPPREP4105 | Sell property (1)
Qualification/Course code and name
Student details
Student name
UMAIZA YUSUF
Student number
881099987
Document title: CL_SellSales_AE_Kn1of3_LMS
Page 1 of 23
Resource ID: TBS_19_001_Cl_SellSales_AE_Kn1of3_LMS
Version:
20240209
Date created:
09 February 2024
© TAFE NSW 2023
RTO Provider Number 90003 | CRICOS Provider Code: 00591E
This assessment can be found in the TAFE NSW Learning Bank
.
The content in this document is copyright © TAFE NSW 2023 and should not be reproduced without the permission of TAFE NSW. Information contained in this document is correct at time of printing: 11 June 2024. For current information please refer to our website or your teacher or assessor as appropriate. Document title: CL_SellSales_AE_Kn1of3_LMS
Page 2 of 23
Resource ID: TBS_19_001_Cl_SellSales_AE_Kn1of3_LMS
Student declaration
Acknowledgment
Each student is required to read and sign the form below to acknowledge their understanding and agreement of the statements included in this declaration.
I (the student) declare that:
I am aware that the TAFE NSW Student Guide and Every Students Guide to Assessment
is available and how to access it.
My obligations and responsibilities as a student completing training with TAFE NSW have been explained to me.
The Qualification/Course Assessment Guide (CAG) and/or Unit Assessment Guide (UAG) for the unit above have been explained and made available to me.
I understand and will comply with the instructions for this training and assessment.
I have been provided access to all required learning materials and/or resources.
Table 1 List of student names, dates, and signatures
No
Student name (please print name)
Date
Signature
1
Umaiza yusuf
2/5/2024
U.Y
Document title: CL_SellSales_AE_Kn1of3_LMS
Page 3 of 23
Resource ID: TBS_19_001_Cl_SellSales_AE_Kn1of3_LMS
Assessment instructions
Table 2 Assessment instructions
Assessment details
Instructions
Assessment event overview
The objective of this assessment is to assess your knowledge and performance as would be required to establish vendor relationships to support property sales, to appraise residential property for sale or lease and to present information to clients in real estate in a planned, structed and professional manner.
This assessment is in one part and is supported by:
Assessment feedback Unit assessment guide
Refer to the unit assessment guide (UAG) before attempting this assessment event. The UAG contains information including assessment requirements and how to achieve a satisfactory result.
Special assessment conditions
NIL
Submission instructions When you complete this assessment, submit it for marking via the TAFE NSW online learning platform.:
keep a copy of all the electronic and hardcopy assessments you submit to TAFE NSW
make sure you have completed the assessment declaration before you submit.
Document title: CL_SellSales_AE_Kn1of3_LMS
Page 4 of 23
Resource ID: TBS_19_001_Cl_SellSales_AE_Kn1of3_LMS
Part 1: Knowledge questions
1.
Outline in the table below techniques for agents and agencies, including their fees, charges and conditions can promote and establish and maintain buyer relationships.
How to promote buyer relationships
How to establish buyer
relationships
How to maintain buyer relationships
Agents
-In order to promote buyer relationships you must promote/advertise your success stories.
- provide a service guarantee
-use happy existing clients.
-build reports
-ask open ended questions
-confirm their needs and wants.
-uphold communication and stay on contact with
clients.
-stick to your words.
-maintain eye contact and focus.
-professional correspondents.
Agency including fees, charges
and conditions
In order to promote buyer relationships you must promote/advertise your success stories.
- provide a service guarantee
-use happy existing clients.
-offer a referral fee
-offer a discount is client has multiple -Maintain consistent and professional advertising for the company.
-comprehensive database
-keep up with latest listings and sales
Document title: CL_SellSales_AE_Kn1of3_LMS
Page 5 of 23
Resource ID: TBS_19_001_Cl_SellSales_AE_Kn1of3_LMS
properties.
Assessor feedback
☐
Satisfactory ☐
Unsatisfactory
[Insert comments]
Document title: CL_SellSales_AE_Kn1of3_LMS
Page 6 of 23
Resource ID: TBS_19_001_Cl_SellSales_AE_Kn1of3_LMS
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
M Question 2-Chapte
ps//ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252F... A
09 Homework i
k
t
nces
Bw
1
here to search
Activity
Supervision
Equipment depreciation and lease.
Miscellaneous supplies
AREBALLS
Heidt Cleaning Services (HCS) is a local custodial service company serving both the residential and commercial markets. The owner is
considering dropping the commercial clients because that business seems only marginally profitable.
Twenty-five employees worked a total of 45,300 hours last year, 30,200 on commercial jobs and 15,100 on residential jobs. Wages
were $20 per hour for all work done. Any materials used are included in overhead as supplies. All overhead is allocated on the basis
of labor-hours worked, which is also the basis for customer charges. Given current economic conditions and competition, HCS bills
residential clients $40 per hour and commercial clients $30 per hour.
Total overhead
a.…
arrow_forward
←
Chrome
Courses
Maps
File Edit View History Bookmarks Profiles Tab Window Help
Situation Analysis Video Assign X b Answered: On June 1 of the cur x
bartleby.com/questions-and-answers/on-june-1-of-the-current-year-pamela-schatz-established-a-business-to-manage-rental-property.-she-co/1ab69e2f-7e80-4f32-b7e3-c159db33...
fr n mn cvfxz0oi...
bartleby
Required:
a.
b.
X
C.
Item
Bal.
PDFfiller uber in...
CengageNOWv2 | Online teach X
On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following transactions during June:
a. Opened a business bank account with a deposit of $55,000 from personal funds.
b. Purchased office supplies on account, $3,300.
c. Received cash from fees earned for managing rental property, $18,300.
d. Paid rent on office and equipment for the month, $8,300.
e. Paid creditors on account, $2,290.
f. Billed customers for fees earned for managing rental property, $30,800.
g. Paid automobile expenses (including…
arrow_forward
nial login - Search
X
C Home-my.centennialcollege.ca X D2 Chapter 4 Lab Assignment - 23W X
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=04b006d1-1c34-41d2-89b2-ce00ad6b
4 Lab Assignment (001 22F)
Question 6 of 7
View Policies
Current Attempt in Progress
Selected financial information is available for Blossom Co.
Current assets
Current liabilities
(a)
Year 1
Year 1
$
$83,210
53,000
Year 2
$141,680
Working capital
88,000
Year 3
Calculate the working capital for Blossom Co. for the three years.
$188,410
83,000
NWP Assessm
arrow_forward
lem Set: Modx
* CengageNOWv2 | Onl X
* Cengage Learning
B Milestone Two Guideli x
G module
ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=..
eBook
Show Me How
Quick ratio
Adieu Company reported the following current assets and current liabilities for two recent years:
Dec. 31, 20Y4 Dec. 31, 20Y3
Cash
$830
$1,090
Temporary investments
1,200
1,500
Accounts receivable
820
910
Inventory
2,100
2,500
Accounts payable
1,900
2,500
a. Compute the quick ratio on December 31 for each year. Round to one decimal place.
20Υ4
20Υ3
Quick Ratio
b. Is the quick ratio improving or declining?
Check My Work
56°F Mostly
39
arrow_forward
me
X
items
Mail - Foley, Alason L (S X
MindTap-Cengage...
mework Assignment
v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession
NOCTI Business M.....
eBook
CengageNOWv2 | Online X
Net Income
Loss on disposal of property
Depreciation expense
Other items involving noncash expense
Balance sheet data (in thousands):
Increase in accounts receivable
Cengage Learning
Increase in inventory
Increase in prepaid expenses
Increase in accounts payable and other current liabilities
Cash Flows from Operating Activities-Indirect Method
Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows:
Income statement data (in thousands):
Check My Work
$149,774
(149)
13,226
837
13,041
7,565
10,548
17,464
x b Accounting Homework x +
|
National Beverage Co.
Cash Flows from Operating Activities
(in thousands)
Cash flows from (used for) operating activities:
Net income - V
Adjustments to reconcile net income…
arrow_forward
t: Modi X
* CengageNOWv2 | On x
* Cengage Learning
m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=. CD
B Milestone Two Guideli x
G module 5 problem set x
A eBook
Show Me How
Impaired Goodwill and Amortization of Patent
On April 1, a patent with an estimated useful economic life of 12 years was acquired for $43,200. In addition, on December 31, it was estimated that
goodwill of $41,000 was impaired.
a. Record the acquisition of patent. If an amount box does not require an entry, leave it blank.
April 1
b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. If an amount box
does not require an entry, leave it blank.
Dec. 31
C. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank.
Dec. 31
Next
Previous
3:24 PM
Check My Work
11/28/2021
56°F Mostly cloudy a O E - A 0
home
delete
prt sc
%23
arrow_forward
w- 202106070805337561
Qv Search in Document
Home
Insert
Draw
Design
Layout
References
Mailings
Review
View
+ Share a
Calibri (Body)
11
A- A-
Aa
AaBbCcDc AaBbCcDdE AaBb
AaBbCcDdEE
AaBbCcDdEe
AaBbCcDdEe
Paste
I
U
v abe X, x²
A
A
Styles
Pane
Sensitivity
Normal
No Spacing
Heading 1
Heading 2
Title
Subtitle
Orthodox School
ESTIMATED PROFIT AND LOSS ACCOUNT (INCOME STATEMENT) FOR KARACHI
TRADERS LTD
$
Revenue (5000 units @ $3.00)
15000
Cost of goods sold (@ $1.00 per unit)
Gross profit
5000
10000
Overhead expenses
4000
Operating profit (profit before tax and interest)
6000
Finance costs (interest)
2000
Profit before tax
4000
Corporation tax @ 20%
Profit for the year
800
3200
Dividends paid
1200
Retained profit
2000
Profit and loss account for Karachi Traders Ltd for the year ending 31 December 2014
20 marks, 40 minutes
1. By amending this profit and loss account (income statement), calculate the new
level of retained profits if the following changes actually occurred:
• each unit was sold…
arrow_forward
Tue 9:08 AM
Bookmarks Window Help
A v2.cengagenow.com
CengageNOWv2 | Online teaching and..
A AAMA - State Scope
Learning Module 1- ACCT1105: Financi..
C https://geyser.cl-cms.com/assets/fr5am..
Show Me How
O eBook
Straight-Line Depreciation
A building acquired at the beginning of the year at a cost of $1,630,000 has an estimated residual value of $340,000 and an estimated useful life of 10 years.
Determine the following.
a. The depreciable cost
X
10
b. The straight-line rate
c. The annual straight-line depreciation
Feedback
Check My Work
Next
All work saved.
Save and Exit
Submit Assignment for Gra
tv
MacBook Air
DII
F3
DD
F4
F6
F9
F10
F11
F12
%23
24
&
4
6.
8.
9.
T.
Y
U
{
D
G
H J
K
+ ||
....
arrow_forward
Search
C Home - my.centennialcollege.ca X DEL Chapter 4 Lab Assignment - 23W X
//education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=04b006d1-1c34-41d2-89b2-ce00ad6b400d#/que
X
Assignment (001 22F)
Question 5 of 7
(a1)
$2,120
49,100
21,300
34.490
Notes payable (long-term)
62,200
Cash
Accounts receivable
Accumulated depreciation-equipment
4,030 D. Pharoah, drawings
Depreciation expense
8,800 D. Pharoah, capital (beginning of the year)
NWP Assessment Builder
Q Search
J
$1,720
13,000
9,700
6,050
2,980
3,950
Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding
parentheses e.g. (45).)
49,600
arrow_forward
Edit View History
ouTube
Lead the Way | Wake Technical X
OJECT i
S
1
my.waketech.edu - Student - X
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch
t1 of 7
eBook
erences
2
W
Maps
00
Bookmarks
#
3
Accounts
Cash
Accounts Receivable
Allowance for Uncollectible Accounts
Inventory
Land
Equipment
Accumulated Depreciation
Accounts Payable
Notes Payable (6%, due April 1, 2022)
Common Stock
Retained Earnings
Totals
54,642
E
Profiles Tab Window
Required information
[The following information applies to the questions displayed below.]
On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:
с
$
4
R
JUL
10
During January 2021, the following transactions occur:
January 2 Sold gift cards totaling $10,000. The cards are redeemable for merchandise within one year of the
purchase date.
January 6 Purchase additional inventory on account, $157,000.
January 15 Firework sales for the first half of the month total $145,000. All of these…
arrow_forward
in
CengageNOWv2| Online teachi x
Cengage Learning
8-1 Problem Set: Module Eight X
how.comn/akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=D&inprogress3false
eBook
Show Me How
Changes in Current Operating Assets and Liabilities-Indirect Method
Covington Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 20Y2
Dec. 31, 20Y1
Accounts receivable
$15,300
Inventory
66,500
67,200
Accounts payable
20,100
0098
Dividends payable
000'
Adjust net income of $84,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
( Previou:
Check My Work
レ
AD
12
arrow_forward
5-1 Problem sex
CengageNOW X
ngagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession
eBook wwwwwwwwwwww Show Me How
CengageNOW X Gaging method X SApply Online MX 5 Applicant Inform X
Locator=&inprogress=false A to
(a) The depreciable cost
(b) The straight-line rate
(c) The annual straight-line depreciation.
Check My Work
%
Straight-Line Depreciation
A building acquired at the beginning of the year at a cost of $118,600 has an estimated residual value of $4,600 and an estimated useful life of 10 years. Determine the
following:
4
All work saved.
O
Email Instructor
+
Previous
<
Next
I
Save and Exit Submit Assignment for Grading
arrow_forward
ks
Window Help
Tue 7:12 PM
A v2.cengagenow.com
ps://geyser.cl-cms.com/assets/fr5am..
O Mail - Whisby (STUDENT), Keyosha - 0.
B Learning Module 1- ACCT1105: Finan..
i: CengageNOWV2 | Onlinm
еВook
Show Me How
Double-Declining-Balance Depreciation
A building acquired at the beginning of the year at a cost of $1,193,000 has an estimated residual value of $220,000 and an estimated useful life of 40 years.
Determine the following.
a. The double-declining-balance rate
%
b. The double-declining-balance depreciation for the first year
Previous
Next
Check My Work
Save and Exit
Submit Assignment for Gradi
dtv
DI
DD
80
F10
F11
F7
F8
F9
F5
F6
F3
F2
*
)
#
$
%
&
3
4
5
6
7
8
9
{
P
Y
arrow_forward
7-2 Project: Company Accour x
121. Project Guidelines and Rubric x
121. 7-1 Problem Set: Module Sev X
CengageNOWv2 | Online tea
now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress3false
eBook
Show Me How
Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
Net income
$224,540
Interest expense
39,620
Average total assets
Determine the return on total assets. If required, round the answer to one decimal place.
1.8
Check My Work
Divide the sum of net income and interest expense by average total assets.
Previa
Check My Work
ADE
dy
arrow_forward
E Chapter 5 Homework - FINANCIA X
O NWP Assessment Player UI Appli X
b Answered: The accountant of Lati x
M Inbox - dhyani11141999@gmail. X
b My Questions | bartleby
+
i assessment.education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=1d52287e-dfd8-4d2a-80c9-4cbf51a01297#/question/5
E Chapter 5 Homework
Question 6 of 6
>
-/ 1
View Policies
Current Attempt in Progress
The comparative balance sheets of Constantine Cavamanlis Inc. at the beginning and the end of the year 2020 are as follows.
CONSTANTINE CAVAMANLIS INC.
BALANCE SHEETS
Dec. 31, 2020
Jan. 1, 2020
Inc./Dec.
Assets
Cash
$ 45,000
$ 13,000
$32,000
Inc.
Accounts receivable
91,000
88,000
3,000
Inc.
Equipment
39,000
22,000
17,000
Inc.
Less: Accumulated Depreciation-Equipment
17,000
11,000
6,000
Inc.
Total
$158,000
$112,000
Liabilities and Stockholders' Equity,
Accounts payable
$ 20,000
$ 15,000
5,000
Inc.
Common stock
100,000
80,000
20,000
Inc.
Retained earnings
38,000
17,000
21,000
Inc.
Total
$158,000
$112,000
Net…
arrow_forward
E Chapter 5 Homework - FINANCIA X
O NWP Assessment Player UI Appli X
b Answered: The accountant of Lati x
M Inbox - dhyani11141999@gmail. X
b My Questions | bartleby
+
i assessment.education.wiley.com/was/ui/v2/assessment-player/index.html?launchld3D1d52287e-dfd8-4d2a-80c9-4cbf51a01297#/question/0
E Chapter 5 Homework
Question 1 of 6
>
-/ 1
View Policies
Current Attempt in Progress
Koch Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,000, Land
$40,000, Patents $12,500, Accounts Receivable $90,000, Prepaid Insurance $5,200, Inventory $30,000, Allowance for Doubtful
Accounts $4,000, and Equity Investments (to be sold in the next quarter) $11,000.
Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)
КОСН СORPORATION
Balance Sheet (Partial)
2$
2$
1:37 PM
O Type here to search
9/24/2020
2
..
arrow_forward
E Chapter 5 Homework - FINANCIA X
O NWP Assessment Player UI Appli X
b Answered: The accountant of Lati x
M Inbox - dhyani11141999@gmail. X
b My Questions | bartleby
+
i assessment.education.wiley.com/was/ui/v2/assessment-player/index.html?launchld3D1d52287e-dfd8-4d2a-80c9-4cbf51a01297#/question/4
E Chapter 5 Homework
Question 5 of 6
>
-/ 1
View Policies
Current Attempt in Progress
The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of
the transactions listed below as:
1.
Operating activity-add to net income.
2.
Operating activity-deduct from net income.
3.
Investing activity.
4.
Financing activity.
5.
Reported as significant noncash activity
The transactions are as follows.
Transactions
Classifications of Activities
(a)
Issuance of common stock.
(b)
Purchase of land and building.
(c)
Redemption of bonds.
(d)
Sale of equipment.
(e)
Depreciation of machinery.
(f)
Amortization of patent.
1:39 PM
O Type…
arrow_forward
Class Specifi
+
CLA Annotated B
WileyPLL X
WOMEN EM
THE LIVED E
https://edugen.wileyplus.com/edugen/student/mainfr.uni
I Log C
WileyPLUS: MyWileyPLUS I Help | Contact Us
INTERMED. ACCOUNTING (ACC 3110/312
Kieso, Intermediate Accounting, 16e
actice
Downloadable eTextbook
Assignment
Gradebook
ORION
gnment
NEXT
BACK
PRINTER VERSION
FULL SCREEN
CALCULATOR
Exercise 17-10
At December 31, 2017, the available-for-sale debt portfolio for Sheffield, Inc. is as follows.
Unrealized
Gain (Loss)
Fair Value
Security
Cost
$(11,375 )
$68,250
$79,625
A
6,825
63,700
56,875
B
11,375
116,025
104,650
C
$247,975
6,825
$241,150
Total
1,820
Previous fair value adjustment balance-Dr.
$5,005
Fair value adjustment-Dr.
On January 20, 2018, Sheffield, Inc. sold security A for $68,705. The sale proceeds are net of brokerage fees.
Sheffield Inc. reports net income in 2017 of $546,000 and in 2018 of $637,000. Unrealized holding gains and gains equal
$182,000 in 2018.
Prepare a statement of comprehensive income for…
arrow_forward
Alabama A&M AppsAnywhere X
Content
* CengageNOWv2 | Online teachin x
+
A v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
Apps M Gmail
YouTube Maps a News
E Reading list
Stockton Company
Adjusted Trial Balance
December 31
Cash
6,138
Accounts Receivable
2,228
Prepaid Expenses
793
Equipment
15,261
Accumulated Depreciation
5,388
Accounts Payable
1,599
Notes Payable
5,961
Common Stock
1,000
Retained Earnings
7,993
>
Dividends
728
Fees Earned
7,503
Wages Expense
2,855
Rent Expense
763
Utilities Expense
441
Depreciation Expense
173
Miscellaneous Expense
64
Totals
29,444
29,444
Determine the total assets
CengageNOWV2.h.tml
Show all
2:16 PM
P Type here to search
99+
a
6/19/2021
近
arrow_forward
paads ssaan
neready.frameworkhomeownership.org/Student/MyCourse.aspx?id%3Dfbd93f8d-8ac9-466a-ac3f-28d560154a88
4. Finding the Right Home
DFinding the Right Home
indi
Caps Lock is on
Question 4 of 8
When you have an exclusive contract with a real estate agent, you can
Select the best answer.
still work with other agents, as long as you disclose that you're doing it
O work with only the seller's broker for 30 days
Owork with only buyer's brokers
Be
Ho
O work with only that agent
3 TOPICS
o search
77'E R
arrow_forward
Cengage
CengageNOWv2 | Online teachin
X
Cengage Digital Learning
X
X
X
m/ilrn/takeAssignment/takeAssignment Ma in . do? invoker- assignments&ta keAssignment Session Locator=assignment-take&inprogress-false
& ApI
еВook
Calculator
Print Item
Wage and Tax Statement Data on Employer FICA Tax
Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal
income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All
required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by the company for the calendar year. Early in 20Y9, before the Wage
and Tax Statements (Form W-2) could be prepared for distribution to employees and for filing with the Social Security Administration, the employees' earnings
records were inadvertently destroyed.
None of the employees resigned or…
arrow_forward
pject: Company Accour X
DEL. Project Guidelines and Rubric x
DEL 7-1 Problem Set: Module Sev X
CengageNOWv2 |Online tea x
com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator3D&inprogress=false
eBook
4Show Me How
Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
Net income
$224,540
Interest expense
39,620
000'080
Determine the return on total assets. If required, round the answer to one decimal place.
Average total assets
Feedback
Check My Work
Divide the sum of net income and interest expense by average total assets.
Check My Work
( Previous
*AD
dy
arrow_forward
Jasmine Thompson
Document2 - Word
O Search
B Share
Home
Design
Layout
References
Mailings
Review
View
Help
Insert
Draw
O Find
Cut
Calibri (Body) 12 A A Aa A E E E EE T
AaBbCcDd AaBbCcDd AaBbC AaBbCcC AaB AABBCCD
AaBbCcDd AaBbCcDd
S Replace
Dictate
Copy
田
1 Normal
1 No Spac.. Heading 1 Heading 2
Title
Subtitle
Subtle Em...
Emphasis
A Select v
BIU ab x, x' A v
3 Format Painter
Styles
Editing
Voice
pboard
Paragraph
Font
7
17. The Brown Company's 12/31 Trail Balance totals $10,000. Two adjusting entries are
made:
1. Depreciation on machinery $1,000
2. Expiration of Prepaid Insurance $500
Brown's Adjusted Trial Balance will total:
a. $9,000
b. $9,500
c. $11,500
d. $11,000
e. $10,500
age 5 of 6
969 words
English (United States)
Focus ב
P Type here to search
ENG
1:13 AM
US
1/19/2021
127
arrow_forward
Question 1- Chapter 7 Homew X
mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252
VCMcGraw-Hill Connect
Homework i
57
es
Exercise 7-3 (Algo) Allocate costs in a basket purchase (LO7-1)
Cold Stone Bakery purchases land, building, and equipment for a single purchase price of $360,000. However, the estimated fair
values of the land, building, and equipment are $115,000, $253,000, and $92,000, respectively, for a total estimated fair value of
$460,000.
Land
Building
Equipment
Total
Required:
Determine the amounts Cold Stone should record in the separate accounts for the land, the building, and the equipment.
Estimated Fair Value
$
Allocation
Percentage
Saved
%
%
%
+
Amount of Basket
Purchase
Prev
Recorded
Amount
$
1 of 7
Next >
Due Today
change ban
Help
Sav
arrow_forward
Project: Company Accour X
D2L 7-1 Problem Set: Module Sev X
CengageNOWv2| Online tea X
Cengage Learning
J.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false
eBook
Show Me How
A company reports the following:
Sales
$1,406,700
Average total assets (excluding long-term investments)
781,500
Determine the asset turnover ratio. If required, round your answer to one decimal place.
Check My Work
Divide sales by average total assets (excluding long-term investments).
Check My. Work
( Previous
NE
dy
arrow_forward
signments x
y Indicate the impact on the incom X
* Cengage Learning
mpt.php?attempt3D462760&cmid%3D605614
Student Toolbox JSCC Bookstore English (United States) (en_us) -
Indicate the impact on the income statement and balance sheet if the following adjusting entries were omitted. You
should indicate which of the items shown would be overstated or understated.
An attorney has earned 1/2 of a retainer fee that was received and recorded last month. No adjustment was
recorded for the amount earned.
von
Revenues
Choose...
Expenses
Choose..
Net Income
Choose.
Assets
Choose..
Liabilities
Choose...
Owner's Equity
Choose.
arrow_forward
Document1 - Word
e Search
Jasmine Thompson
|
Draw
Design
Layout
References
Mailings
Review
View
Help
B Share
Cor
A A Aa A EE - E EE A T
O Find -
alibri (Body)
AaBbCcDd AaBbCcDd AaBbC AABBCCC AaB AaBbCcD AaBbCcDd AaBbCcDd
Replace
IU ab x, x' A A -
三 這、 、日田
1 Normal
1 No Spac. Heading 1
Heading 2
Title
Subtitle
Subtle Em. Emphasis
Dictate
E
A Select
Font
Paragraph
Styles
Editing
Voice
2
3
e. net income is understated
19. Assume a beginning inventory of $32,000, ending inventory of $51,000, and purchases
of $135,000. If the gross margin percent is 60%, how much is net sales revenue?
a. $46,400
b. $116,000
c. $193,333
d. $135,000
e. $290,000
20. If Accounts Payable has debit postings of $25,000, credit postings of $18,000, and a
nLandimahalanaaof ĆE O00 whatw.na ite hai
%24
D. Focus
sh (United States)
ENG
%23
US
ch
0日 @
arrow_forward
History
Bookmarks
Window Help
A education.wiley.c
WP NWP Assessment Player UI Application
Question 18 of 42
View Policies
Current Attempt in Progress
The double-entry system requires that each transaction must be recorded
in a journal and in a ledger.
in two sets of books.
first as a revenue and then as an expense.
in at least two different accounts.
Save for Later
arrow_forward
mpt=17649928cmid=8751838page=D9
wio a https//alternativet
A SQUCOFFEE - Goog A BCOM2911-Busines O Sultan Caboos Univ.
G Trading Platform C.
Accounting Club
DEMIC)
E-LEARNING SERVICES- SQU LIBRARIES - SQU PORTAL ATTENDANCE
Time left 1:46:33
An allocation base:
O a can be units of output if the company has a single product
O b. All the given answers are NOT correct.
Oc is determined at the end of the period.
O d. isameasure used to assign conversion costs to products and services
O e isameasure used to assign prime costs to products and services
ר
A Company uses job order costing and has chosen direct labor hours to allocate its manufacturing overhead. The company estimates
that total direct labor hours to be operated next year are 250,000 hours. The estimated variable overhead is $15 per hour and the
estimated fixed overhead costs are $750,000. The predetermined overhead rate is:
O a $6
O b. None of the answers given
Oc $45
Od. $3
Oe $18
NEXT PAGE
OUS PAGE
ACCT2121
general-chat
Origin…
arrow_forward
17649928cmid 8751838pages6
wo ahttps//altemativet
4 SQUCOFFEE - Goog. B BCOM2911-Busines. D Sultan Caboos Univ. G Trading Platform C.
MIC)
E-LEARNING SERVICES SQU LIBRARIES -
Accounting C
SQU PORTAL ATTENDANCE
gerial Accounting - Spring21
murses / ACCT2121_yasserg Spring21 / Midterm Exam One / Midterm Exam One
Time left 1:51:50
A Company uses a job order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's
production costs for the year were: direct labor, $80,000; direct materials, $40,000; and factory overhead applied $20,000. The
predetermined overhead rate was:
O a. 4%.
O b. 50%.
Oc 200%.
O d. 25%.
O e. 400.%.
XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct
materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In
Finished Goods
Cost of Goods Sold
Process
OMR 8,450 OMR
61,880
Direct materials
OMR 3,440…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning
Related Questions
- M Question 2-Chapte ps//ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252F... A 09 Homework i k t nces Bw 1 here to search Activity Supervision Equipment depreciation and lease. Miscellaneous supplies AREBALLS Heidt Cleaning Services (HCS) is a local custodial service company serving both the residential and commercial markets. The owner is considering dropping the commercial clients because that business seems only marginally profitable. Twenty-five employees worked a total of 45,300 hours last year, 30,200 on commercial jobs and 15,100 on residential jobs. Wages were $20 per hour for all work done. Any materials used are included in overhead as supplies. All overhead is allocated on the basis of labor-hours worked, which is also the basis for customer charges. Given current economic conditions and competition, HCS bills residential clients $40 per hour and commercial clients $30 per hour. Total overhead a.…arrow_forward← Chrome Courses Maps File Edit View History Bookmarks Profiles Tab Window Help Situation Analysis Video Assign X b Answered: On June 1 of the cur x bartleby.com/questions-and-answers/on-june-1-of-the-current-year-pamela-schatz-established-a-business-to-manage-rental-property.-she-co/1ab69e2f-7e80-4f32-b7e3-c159db33... fr n mn cvfxz0oi... bartleby Required: a. b. X C. Item Bal. PDFfiller uber in... CengageNOWv2 | Online teach X On June 1 of the current year, Pamela Schatz established a business to manage rental property. She completed the following transactions during June: a. Opened a business bank account with a deposit of $55,000 from personal funds. b. Purchased office supplies on account, $3,300. c. Received cash from fees earned for managing rental property, $18,300. d. Paid rent on office and equipment for the month, $8,300. e. Paid creditors on account, $2,290. f. Billed customers for fees earned for managing rental property, $30,800. g. Paid automobile expenses (including…arrow_forwardnial login - Search X C Home-my.centennialcollege.ca X D2 Chapter 4 Lab Assignment - 23W X https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=04b006d1-1c34-41d2-89b2-ce00ad6b 4 Lab Assignment (001 22F) Question 6 of 7 View Policies Current Attempt in Progress Selected financial information is available for Blossom Co. Current assets Current liabilities (a) Year 1 Year 1 $ $83,210 53,000 Year 2 $141,680 Working capital 88,000 Year 3 Calculate the working capital for Blossom Co. for the three years. $188,410 83,000 NWP Assessmarrow_forward
- lem Set: Modx * CengageNOWv2 | Onl X * Cengage Learning B Milestone Two Guideli x G module ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=.. eBook Show Me How Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $830 $1,090 Temporary investments 1,200 1,500 Accounts receivable 820 910 Inventory 2,100 2,500 Accounts payable 1,900 2,500 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 20Υ4 20Υ3 Quick Ratio b. Is the quick ratio improving or declining? Check My Work 56°F Mostly 39arrow_forwardme X items Mail - Foley, Alason L (S X MindTap-Cengage... mework Assignment v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession NOCTI Business M..... eBook CengageNOWv2 | Online X Net Income Loss on disposal of property Depreciation expense Other items involving noncash expense Balance sheet data (in thousands): Increase in accounts receivable Cengage Learning Increase in inventory Increase in prepaid expenses Increase in accounts payable and other current liabilities Cash Flows from Operating Activities-Indirect Method Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands): Check My Work $149,774 (149) 13,226 837 13,041 7,565 10,548 17,464 x b Accounting Homework x + | National Beverage Co. Cash Flows from Operating Activities (in thousands) Cash flows from (used for) operating activities: Net income - V Adjustments to reconcile net income…arrow_forwardt: Modi X * CengageNOWv2 | On x * Cengage Learning m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=. CD B Milestone Two Guideli x G module 5 problem set x A eBook Show Me How Impaired Goodwill and Amortization of Patent On April 1, a patent with an estimated useful economic life of 12 years was acquired for $43,200. In addition, on December 31, it was estimated that goodwill of $41,000 was impaired. a. Record the acquisition of patent. If an amount box does not require an entry, leave it blank. April 1 b. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Do not round intermediate calculations. If an amount box does not require an entry, leave it blank. Dec. 31 C. Journalize the adjusting entry on December 31 for the impaired goodwill. If an amount box does not require an entry, leave it blank. Dec. 31 Next Previous 3:24 PM Check My Work 11/28/2021 56°F Mostly cloudy a O E - A 0 home delete prt sc %23arrow_forward
- w- 202106070805337561 Qv Search in Document Home Insert Draw Design Layout References Mailings Review View + Share a Calibri (Body) 11 A- A- Aa AaBbCcDc AaBbCcDdE AaBb AaBbCcDdEE AaBbCcDdEe AaBbCcDdEe Paste I U v abe X, x² A A Styles Pane Sensitivity Normal No Spacing Heading 1 Heading 2 Title Subtitle Orthodox School ESTIMATED PROFIT AND LOSS ACCOUNT (INCOME STATEMENT) FOR KARACHI TRADERS LTD $ Revenue (5000 units @ $3.00) 15000 Cost of goods sold (@ $1.00 per unit) Gross profit 5000 10000 Overhead expenses 4000 Operating profit (profit before tax and interest) 6000 Finance costs (interest) 2000 Profit before tax 4000 Corporation tax @ 20% Profit for the year 800 3200 Dividends paid 1200 Retained profit 2000 Profit and loss account for Karachi Traders Ltd for the year ending 31 December 2014 20 marks, 40 minutes 1. By amending this profit and loss account (income statement), calculate the new level of retained profits if the following changes actually occurred: • each unit was sold…arrow_forwardTue 9:08 AM Bookmarks Window Help A v2.cengagenow.com CengageNOWv2 | Online teaching and.. A AAMA - State Scope Learning Module 1- ACCT1105: Financi.. C https://geyser.cl-cms.com/assets/fr5am.. Show Me How O eBook Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $1,630,000 has an estimated residual value of $340,000 and an estimated useful life of 10 years. Determine the following. a. The depreciable cost X 10 b. The straight-line rate c. The annual straight-line depreciation Feedback Check My Work Next All work saved. Save and Exit Submit Assignment for Gra tv MacBook Air DII F3 DD F4 F6 F9 F10 F11 F12 %23 24 & 4 6. 8. 9. T. Y U { D G H J K + || ....arrow_forwardSearch C Home - my.centennialcollege.ca X DEL Chapter 4 Lab Assignment - 23W X //education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=04b006d1-1c34-41d2-89b2-ce00ad6b400d#/que X Assignment (001 22F) Question 5 of 7 (a1) $2,120 49,100 21,300 34.490 Notes payable (long-term) 62,200 Cash Accounts receivable Accumulated depreciation-equipment 4,030 D. Pharoah, drawings Depreciation expense 8,800 D. Pharoah, capital (beginning of the year) NWP Assessment Builder Q Search J $1,720 13,000 9,700 6,050 2,980 3,950 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding parentheses e.g. (45).) 49,600arrow_forward
- Edit View History ouTube Lead the Way | Wake Technical X OJECT i S 1 my.waketech.edu - Student - X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch t1 of 7 eBook erences 2 W Maps 00 Bookmarks # 3 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 54,642 E Profiles Tab Window Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: с $ 4 R JUL 10 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $10,000. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $157,000. January 15 Firework sales for the first half of the month total $145,000. All of these…arrow_forwardin CengageNOWv2| Online teachi x Cengage Learning 8-1 Problem Set: Module Eight X how.comn/akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=D&inprogress3false eBook Show Me How Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $15,300 Inventory 66,500 67,200 Accounts payable 20,100 0098 Dividends payable 000' Adjust net income of $84,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. ( Previou: Check My Work レ AD 12arrow_forward5-1 Problem sex CengageNOW X ngagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession eBook wwwwwwwwwwww Show Me How CengageNOW X Gaging method X SApply Online MX 5 Applicant Inform X Locator=&inprogress=false A to (a) The depreciable cost (b) The straight-line rate (c) The annual straight-line depreciation. Check My Work % Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $118,600 has an estimated residual value of $4,600 and an estimated useful life of 10 years. Determine the following: 4 All work saved. O Email Instructor + Previous < Next I Save and Exit Submit Assignment for Gradingarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning