INTE2412_Assignment_Template_sem 1_2024 (1)
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RMIT School of Accounting, Information Systems, and Supply Chain
Cover Page (Individual Submission)
INTE2412 Assignment Submission Sheet – Sem 1 2024
Family Name, Personal Name(s)
Student Number
Telephone Number
E-mail Address
Tutor
Course Coordinator
Karlheinz Kautz
Assignment Title
Date Due
DD/MM/YYYY
Date Submitted
DD/MM/YYYY
i
Cover Page (Group Submission)
INTE2412 Assignment Submission Sheet – Sem 1 2024
Group Number
Name
Email
Group Leader
Team Member 1
Team Member 2
Team Member 3
Team Member 4
Tutor
Course Coordinator
Karlheinz Kautz
Assignment Title
Date Due
DD/MM/YYYY
Date Submitted
DD/MM/YYYY
ii
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Citations and reference list
All necessary evidence has been referenced and all citations comply with the preferred style guide
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Contents
1
Heading Level 1
..................................................................................................................
2
1.1
Heading Level 2
..........................................................................................................
3
Reference List
............................................................................................................................
4
iii
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1 Heading Level 1
As you use the template remove the sample text.
This paragraph’s formatting is controlled through the use of the body text style. It is formatted though the style sheet. This paragraph’s formatting is controlled through the use of the body text style. It is formatted though the style sheet. This paragraph’s formatting is controlled through the use of the body text style. It is formatted though the style sheet.
This bullet is controlled though the use of the style called list bullet. This bullet is controlled though the use of the style called list bullet.
This bullet is controlled though the use of the style called list bullet. This bullet is controlled though the use of the style called list bullet. This paragraph’s formatting is controlled through the use of the body text style. It is formatted though the style sheet. This paragraph’s formatting is controlled through the use of the body text style. It is formatted through the style sheet. This long quotation is controlled the style called Block Quotation. This long quotation is controlled the style called Block Quotation. This long quotation is controlled the style called Block Quotation. Note, the vertical white space in this template is controlled by the style sheet. The paragraph styles have the required space placed before and after the paragraphs automatically.
2
1.1
Heading Level 2
This paragraph’s formatting is controlled through the use of the body text style. It is formatted though the style sheet. This paragraph’s formatting is controlled through the use of the body text style. 3
Reference List
As you use the template remove the sample text.
Your reference list should conform to the RMIT College of Business and Law style. Use Easy Cite
http://www.lib.rmit.edu.au/easy-cite/
to select the requested style. That will be sufficient for your assignment's purposes.
All items listed in the Reference List must also be cited in the body of your report
. You will arrange the contents of the reference list alphabetically by author
.
Below is an example of a reference list displaying various resource types including a book, DVD, journal article, legislation, newspaper article, report, social media entry and thesis:
Australian Bureau of Statistics 2011,
Measures of Australia's progress: summary indicators
, cat. no. 1370.0.55.001, ABS, Canberra, viewed 23 July 2012, <http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/1370.0.55.001?opendocument#from-
banner=LN>.
Carney, S 2012, 'Gillard paying price for gamble on the numbers',
The Age
, 26 May, p. 23, viewed 27 September 2016, ProQuest database.
Coco Chanel & Igor Stravinsky
2010, DVD, Madman Entertainment, Richmond, VIC, directed by Jan Kounen.
Competition and Consumer Act 2010
(Cth).
Jamison, JR 1991a,
Diagnostic decision making in clinical practice
, Williams & Wilkins, Baltimore, MD.
Jamison, JR 1991b,
Health promotion for chiropractic practice
, Aspen, Gaithersburg, MD.
Khoo, CK 2013, 'Morphing architecture with responsive material systems', PhD thesis, RMIT University, Melbourne, <https://researchbank.rmit.edu.au/view/rmit:160591>.
Lewis, B & Lewis, J 2015,
Health communication: a media and cultural studies approach
, Palgrave Macmillan, London.
4
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Smith, P 2015,
Rethinking higher education: the team is everything
, Facebook, 25 April, viewed 16 June 2015, <https://www.facebook.com/pages/Peter-P-Smith/196037770427320>.
'Tackling knife crime' 2010,
The Lancet
, vol. 376, no. 9747, p. 1118.
Taylor, CM, Karunaratne, CV & Xie, N 2012, 'Glycosides of hydroxyproline: some recent, unusual discoveries',
Glycobiology
, vol. 22, no. 6, pp. 757-767.
World Health Organization 2014,
WHO recommendations for routine immunization - summary tables
, World Health Organization, viewed 1 May 2014, <http://www.who.int/immunization/policy/immunization_tables/en/>
5
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Title Start Date Due Date Post Date Marks Available
Case study 2 - Case 2 27 Oct 2020 - 08:00 28 Oct 2020 - 06:00 28 Oct 2020 - 19:00 100
Summary:
On Chapters 9, 10, and 11:
The YuRaeKa charity was established in 1960. The charity’s aim is to provide support to children from disadvantaged backgrounds who wish to take part in sports such as tennis, badminton, squash, basketball and football.
YuRaeKa has a detailed constitution[1] which explains how the charity’s income can be spent. The constitution also notes that administration expenditure cannot exceed 10% of income in any year.
The charity’s income is derived wholly from voluntary donations. Sources of donations include:
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Florist Grump, Inc., had beginning retained earnings of $137,000. During the year, Florist Grump had net income of $63,000 and declared
and paid dividends of $18,000. What will be shown for ending retained earnings on Florist Grump's year-end balance sheet?
QUESTION 9
For the year ended December 31, Year 2
For the year ended December 31, Year 1
Revenues
$ 7,500
$ 500
Expenses
1,500
Net Income
December 31, Year 2
December 31, Year 1
Assets
$ 16,500
$ 1,000
500
Liabilities
Stock
300
300
Retained Earnings
1.$
200
Assume Year1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After
determining the missing amounts ($
Earnings 1.$
in the above…
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INTERMED. ACCOUNTING (ACC 3110/312
Kieso, Intermediate Accounting, 16e
actice
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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…
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Sheffield Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become
uncollectible. Accounts receivable are $430,800 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,864.
(a) Prepare the adjusting journal entry to record bad debt expense for the year.
(b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,864, prepare the adjusting journal entry for
bad debt expense.
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The information for preparing a trial balance on a worksheet is obtained from
general journal entries.
financial statements.
business documents.
general ledger accounts.
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b. have been collected, but not yet earned or recorded
have been earned and recorded, but not yet collected
d. have been earned, but not yet collected or recorded
С.
23. The accountant failed to make the adjusting entry to record the amount of interest owed on a note
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d. owner's equity
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an overstatement of assets
an overstatement of expenses
a.
b.
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C.
d.
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INTERMED. ACCOUNTING (ACC 3110/
Kieso, Intermediate Accounting, 16e
ice
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FULL SCREEN
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Exercise 17-22
Whispering Company has the following investments as of December 31, 2017:
$1,570,000
Investments in common stock of Laser Company
Investment in debt securities of FourSquare Company
$3,180,000
In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2017.
Whispering's stock investments does not result in significant influence on the operations of Laser Company. Whispering's
debt investment is considered held-to-maturity. At December 31, 2018, the shares in Laser Company are valued at
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Chapter: Recording Business TraNSACTIONS
Sep. 1
hed:course:7710589/products/79c3fa4c-a84f-42ba-b87a-e36a400bca00/pages/urn:pe
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7
Proble X
P-F:2-30A. Journalizing transactions, posting journal entries to T-
accounts, and preparing a trial balance (Learning Objectives 3, 4)
15
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New
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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.)
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Question 7 of 13 - Module One
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Module One Problem Set
Question 7 of 13
-/4
==
Your first internship assignment is to prepare two schedules for Windsor Blue Co., a manufacturing company. You have a file that
contains a copy of last year's work for both schedules; you plan to follow the same format as last year, hoping the staff accountant had
it right. You also have access to the full set of financials for Windsor Blue, and you can dig further into any of the accounts via the
accounting system, too.
Here's the information you have pulled, with the same items as last year.
DM Inventory
WIP Inventory
FG Inventory
DM purchases
DL costs
Production supervisor salary
Utility costs in production space
Depreciation on manufacturing facility and equipment
Beginning of Year
End of year
$9,200
$10,000
21,000
13,000
6,300
8,000
153,000
232,000
56,000
14,000
42,000
វា
វា
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Table of Contents > Week 9: Operational and legal Considerations > Lecture Notes > 09 Operational and Legal Considerations
09 Operational and Legal Considerations -
>
Calculating Capacity
• How many machines do you need?
• You expect your sales to be
3,000,000 granola bars (20g each)
• How large is your plant?
per month
• How many workers do you need?
The machine:
• How much is the investment?
Capacity: 100 kgs per hour
• What are the operating costs?
Requires 2 people to operate it
Takes 8 ft x 40 ft space
• Cost per machine $15,000
Energy and maintenance: $5 per hour
• Cost of material and packaging:
$0.12 per bar
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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.
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Presented here are the components in Carla Vista Co's income statement.
Determine the missing amounts.
Sales Revenue
Cost of Goods Sold
Gross Profit
Oper
Year
$76.020
2$
(b)
$ 32,200
%24
Year
$112,800
$70,200
2$
(c)
24
%24
2
Year
(a)
$74,460
$115,930
3
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Assignment Problem
Anand Kalaimani Al Harthi SAOG located in Muscat Sultanate of Oman involved in manufacturing of
Drugs and Pharmaceutical Industry from 1981 to till now. The SAOG Company has provided the
following information for the months of September, October, November and December 2023.
Month
Sales
Material
Wages
Postage
Electrical
Other
September
Expense
Expense
10,000
6,000
350
1,200
1,000
5,000
October
12,500
7,500
550
2,400
2,000
6,000
November
13,600
8,200
850
3,600
3,000
5,500
December
19,400
9,000
950
4,800
4,000
3,200
Additional information:
a) Cash Balance on 1/10/2023 is RO X000000
b) Sales 25 per cent is for Cash in the same month. 50 per…
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- I need help on this questionarrow_forwardI need helparrow_forwardClass 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
- Solve pleasearrow_forwardSheffield Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $430,800 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,864. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,864, prepare the adjusting journal entry for bad debt expense.arrow_forward"iew History Bookmarks Window Help A education.wiley.com WP NWP Assessment Player UI Application DAXMED WALI FURI Question 30 of 42 View Policies Current Attempt in Progress The information for preparing a trial balance on a worksheet is obtained from general journal entries. financial statements. business documents. general ledger accounts. Save for Later OOOOarrow_forward
- X Topic: Discussion - What is the rol X + rses/1545/discussion_topics/15677?module_item_id=111468 Q Search entries or author... All > ↓ Sort View Split Screen Expand Threads You must post before seeing replies. Edit history will be available to instructors. Due Jan 4, 2025 11:59pm 时☆ 10 points possib Discussion - What is the role of ethics in accounting? Requirement: Include Introduction, Body, and Conclusion. Your initial Discussion posting should be at least 150 words in length. 9 Replies, 9 Unread Be sure to include a related Title, at least two different citations and references to support your statement Read and post brief responses to at least two of your classmates' postings (minimum 75 words).arrow_forwardA uagm.blackboard.com pard Collaborate Ultra... https://uagm.blackboard.com... Taller 4 - Bb Collaborate https://uagm.blackboard.com... Answered: 38. Which of the f... The accountant failed to m b. have been collected, but not yet earned or recorded have been earned and recorded, but not yet collected d. have been earned, but not yet collected or recorded С. 23. The accountant failed to make the adjusting entry to record the amount of interest owed on a note to the bank at the end of the year. This error would cause an overstatement of a. assets b. expenses liabilities С. d. owner's equity 24. The accountant failed to make the adjusting entry to record the depreciation for the year. This error would cause an overstatement of assets an overstatement of expenses a. b. an understatement of liabilities C. d. an understatement of owners' equity 25. Which of the following accounts would not be closed to Income Summary during the year-end closing process? a. Loss on Sale of Land b. Prepaid…arrow_forwardClass Specifi + CLA Annotated B WOMEN EM WileyPLLX THE LIVED E http://edugen.wileyplus.com/edugen/student/mainfr.uni WileyPLUS: MyWileyPLUS I Help I Contact Us I INTERMED. ACCOUNTING (ACC 3110/ Kieso, Intermediate Accounting, 16e ice Downloadable eTextbook Gradebook Assignment ORION ment BACK PRINTER VERSION FULL SCREEN CALCULATOR Exercise 17-22 Whispering Company has the following investments as of December 31, 2017: $1,570,000 Investments in common stock of Laser Company Investment in debt securities of FourSquare Company $3,180,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2017. Whispering's stock investments does not result in significant influence on the operations of Laser Company. Whispering's debt investment is considered held-to-maturity. At December 31, 2018, the shares in Laser Company are valued at $1,120,000; the debt investment securities of FourSquare are valued at $2,310,000. Assume that these…arrow_forward
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