Sith 042 assesment
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Canberra Institute of Technology *
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Course
006
Subject
Accounting
Date
Jan 9, 2024
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SITHC
are food to
special d
requirem
HNOLOGY 45592 2022 | 1
CCC042 o meet dietary ments
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Contents Introduction Assessment for this unit Assessment Task 1: Research Information for students Activities Assessment Task 1: Checklist Assessment Task 2: Student lo
Information for students Activities Assessment Task 2: Checklist Final results record T/ACANBERRAINSTITUTEOFEDUCATIONANDTECH
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report ogbook and assessor observations HNOLOGY 45592 2022 | 2
3
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4
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5
6
8
8
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Introduction Welcome to the Student Assess
requirements
.These tasks have
that you have learnt during your
Please ensure that you read the
follow the advice provided in the
provides important information f
Assessment for this u
For you to be assessed as com
Assessment Task 1: Rese
lifestyle, medical and religi
Assessment Task 2: Stude
have special dietary needs
Logbook. The assessor mu
Kitchen time required
You will require time in the kitch
about the requirements for train
Guide
. T/ACANBERRAINSTITUTEOFEDUCATIONANDTECH
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sment Tasks for SITHCCC042 Prepare food to m
e been designed to help you demonstrate the skill
ur course. e instructions provided with these tasks carefully.
e Hospitality Works Student User Guide
. The Stu
for you relating to completing assessment succes
unit mpetent, you must successfully complete two asse
earch Report – You must research and report on t
ious diets that are part of contemporary Australian
ent Logbook – You must prepare a range of dishe
s for lifestyle, medical or religious reasons and co
ust also observe a range of cooking tasks. d hen to complete Assessment Task 2. You will find
ning/commercial kitchens in the Hospitality Works
HNOLOGY 45592 2022 | 3
meet special dietary ls and knowledge . You should also udent User Guide ssfully. essment tasks: the main types of n society. es for people who omplete a Student d more information s StudentUser
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Assessment Ta
Information for stude
In this task, you will research th
are part of contemporary Austra
You will need access to:
your learning resources an
your Research Report Tem
Ensure that you:
review the advice to studen
Student User Guide
comply with the due date f
adhere with your RTO’s su
answer all questions comp
submit work which is origin
submit a completed cover
avoid sharing your answer
Assessment informa
Information about how you shou
Hospitality Works Student User
where this task should be c
the maximum time allowed
whether or not this task is Note
: You must complete and s
provided in Appendix B of the S
an assessment cover sheet, ple
Students must submit:
a completed Research Rep
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ask 1: Research report ents he main types of special, lifestyle, medical and rel
alian society. nd other information for reference mplate
. nts regarding responding to written tasks in the H
for assessment which your assessor will provide ubmission guidelines pletely and correctly nal and, where necessary, properly referenced sheet with your work rs with other students. ation uld complete this assessment can be found in Ap
r Guide
.Refer to the appendix for information on: completed d for completing this assessment task open-book. submit an assessment cover sheet with your work
Student User Guide. However, if your RTO has pr
ease ensure that you use that. port. HNOLOGY 45592 2022 | 4
ligious diets that Hospitality Works ppendix A of the k. A template is rovided you with
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Activities Complete the following activities
Carefully read the following info
In this task, you w
of contemporary A
characteristic
o
special li
o
fad diets
o
special m
o
food alle
o
special r
implications o
suitable recip
definitions an
religious dieta
key health an
You will also explo
the Dietary Guidel
1. Research and report. A Research Repor
report and then su
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es. ormation. will research a range of special dietary requiremen
Australian society in order to discover the: cs for: ifestyle diets s medical diets ergens religious diets of failing to address the customer needs pe ingredient modifications nd examples of food allergies, food intolerances a
ary sanctions nd legal consequences of failing to address specia
ore the basic principles and practices of nutrition a
lines for Australians. rt template
has been provided. Use the template ubmit it to your assessor. HNOLOGY 45592 2022 | 5
nts which are part and cultural and al requirements. and the role of to complete your
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Assessment Ta
Student’s name: Has the following been complet
The student has satisfactorily p
an accurate description
a health or other implicatio
failing to address a special
requirement
a suitable adjustment, repl
or substitute ingredient for each of the special lifestyle d
diets, special medical diets, foo
allergens, special religious diets
the Research Report Template.
The student has satisfactorily p
an accurate definition of:
food allergies
food intolerances
religious sanctions and provided two examples of e
The student has accurately des
one key health and one key leg
consequence of the provided:
allergic reaction scenario
anaphylaxis scenario
food intolerance scenario. The student has demonstrated understanding of the basic princ
and practices of nutrition. T/ACANBERRAINSTITUTEOFEDUCATIONANDTECH
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ask 1: Checklist W.G.A.M.Waldeniya ted? Completed successfully?
Comments Yes No provided: on of l lacement diets, fad od s listed in .
provided each. scribed gal an ciples HNOLOGY 45592 2022 | 6
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The student has satisfactorily p
an accurate summary of each o
Australian Dietary Guidelines. Task outcome: Assessor signature: Assessor name: Date: T/ACANBERRAINSTITUTEOFEDUCATIONANDTECH
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provided of the five
Satisfactory
Not satisfa
HNOLOGY 45592 2022 | 7
actory
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Assessment Ta
assessor obser
Information for stude
Tasks required for this uni
This unit of competency require
modify standard recipes to dietary requirements, includ
o
three different food all
exclude or substitute ingre
maintaining the nutritional
prepare, plate and present
o
within commercial tim
and deadlines o
following procedures f
control and food safet
including avoiding cro
contamination when h
storing food Instructions for how you will com
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ask 2: Student logbook rvations ents it es that you: prepare six different dishes that cater to custome
ding: lergies o
three different food in
edients to meet dietary requirements specified abo
value and integrity of the dish t two portions of each of the above six dishes: me constraints for portion ty practices oss-
handling and o
demonstrating effect
communication betw
members regarding d
requirements and rec
modifications during service of special dis
mplete these requirements are included below. HNOLOGY 45592 2022 | 8
and ers with special ntolerances ove, while tive ween team dietary cipe production and shes.
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Activities Complete the following activities
Carefully read the following info
Successful comple
knowledge by prep
lifestyle, medical o
requirements of cu
produce food to sa
It is important that
task. We have pro
It is likely that this course and it has b
SITHCCC028
SITHCCC029
SITHCCC030
SITHCCC035
SITHCCC037
SITHCCC036
SITHCCC041
SITHPAT016
Your assessor will
Assessment will ta
workplace. To fulfil your requi
range of cooking t
special dietary nee
assessment for thi
Below is a guide to
are completing pra
in your training kitc
We have provided
your Student Logb
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es. ormation. etion of this unit requires that you demonstrate yo
paring dishes for people who have special dietary
or religious reasons. It requires the ability to confir
ustomers, use special recipes, select special ingre
atisfy special requirements. t you provide evidence that you have successfully
ovided a Student Logbook to help you. unit will be assessed side-by-side with other unit
been designed to be co-assessed with units such
8 Prepare appetisers and salads 9 Prepare stocks, sauces and soups 0 Prepare vegetable, fruit, egg and farinaceous di
5 Prepare poultry dishes 7 Prepare seafood dishes 6 Prepare meat dishes 1 Produce cakes, pastries and breads 6 Produce desserts. l advise you if you will be co-assessed with other ake place in the training kitchen attached to your R
irements for the cooking units listed above, you w
tasks which incorporate preparing dishes for peop
eds. You can use these cooking tasks to complet
is unit of competency as well. o the skills and knowledge that you must demons
actical assessment for the cooking-related units. T
chen or in your workplace. d a number of documents to assist you and you w
book
. HNOLOGY 45592 2022 | 9
our skills and y needs for rm the dietary edients and y completed each ts from your h as: ishes units. RTO or in your will complete a ple who have te the strate when you This may occur will find these in
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s
What do I need to
During your practic
of the skills and kn
include:
confirming sp
o
confirmin
o
recognis
requirem
o
accessin
o
selecting
o
identifyin
o
identifyin
o
excluding
preparing and
requirements
o
following
o
modifyin
o
excluding
o
commun
(includin
o
working o
selecting
dishes o
using ap
special d
presenting nu
o
in an app
o
by visual
required.
working safel
o
storing d
o
minimisin
o
maintain
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o demonstrate? cal cooking sessions, you will be required to dem
nowledge that you have developed during your co
pecial dietary requirements and select ingredients
ng the customer’s dietary food requirements sing the potential health consequences of failing to
ments of customers ng special dietary recipes g specialised ingredients ng ingredients in recipes that may cause health co
ng ingredients on packaging that may cause healt
ng ingredients from dishes at the request of custom
d producing foods to satisfy nutritional and specia
s by: g recipes for those with special dietary needs ng menu items to meet special dietary requests ng or substituting ingredients while maintaining nu
nicating dietary requirements to other members of
ng in writing) with your team to address a customer’s dietary re
g appropriate ingredients to ensure optimum nutri
ppropriate equipment, preparation and cooking tec
dietary requirements and to retain optimum nutriti
utritionally balanced food: petising and attractive manner ally evaluating each dish and adjusting its presenta
d. ly and efficiently by: dishes in appropriate environmental conditions ng waste to maximise profitability ning a clean and hygienic work area HNOLOGY 45592 2022 | 10
monstrate a range ourse. These s by: o meet dietary onsequences th consequences mers al dietary utritional value f your team equirements itional quality of chniques for ional values ation as
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s
o
disposing
organisa
o
working o
working o
commun
requirem
How will I provide
As you work throu
required to identify
people with food a
with food intoleran
or intolerance. In your Student Lo
evidence, a set of identify a suitable
complete a R
you to think a
would do diffe
assessment
ask your supe
end of your R
Your assessor will
customers with sp
Tips for completi
Read through
started and m
speak to your
Stay up to da
and ask your evidence form
Stay in touch communicate
Most importantly, a
1. Determine production requ
To ensure that you
special dietary req
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ng of or storing surplus and re-useable by-product
ational procedures (including cost efficiency) sustainably efficiently including workflow planning nicating clear and sequenced instructions about d
ments. de evidence? ugh the practical assessment tasks in this assessm
y and report on three instances where you prepar
allergies and three instances where you prepared
nces. Note that each instance must be for a differe
ogbook
, you will find some detailed information ab
reflective report templates and a logbook summa
case study or example to report on, you will need
Reflective journal
(a reflective journal provides an o
about the processes you undertook – what went w
erently next time); it also helps you to provide evid
ervisor/assessor to sign the Supervisor Declaratio
Reflective journal
. l also observe you as prepare and cook dishes th
pecial dietary requirements ing your Student Logbook h this assessment and your Student Logbook
befo
make sure you understand what you need to do. If
r assessor and/or supervisor. ate! Complete a logbook entry at the end of each t
supervisor to do the same. Providing organised, ms part of your assessment. h with your assessor. Ask questions, raise issues, e ask for help if you are having trouble! uirements. u have everything that you require to prepare foo
quirements, you will need to: HNOLOGY 45592 2022 | 11
ts according to dietary ment, you will be red food for d food for people ent food allergy bout providing ary. As you d to: opportunity for well, what you dence for your on section at the hat cater to ore you get f you are unsure, time you cook complete check in, od to meet the
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s
confirm speci
o
confirmin
requirem
o
recognis
requirem
o
select th
exclude o
identifyin
o
identifyin
o
check th
o
look for i
o
identify i
o
excludin
o
select sp
o
consult w
o
ensure t
o
commun
o
excludin
The determine pro
been provided to h
2. Prepare and cook dishes t
medical or religious reason
Now it’s time to pu
food to meet the s
prepare foods
o
following
o
commun
(includin
o
selecting
dishes o
using ap
special d
present prepa
o
in an app
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ial dietary requirements and select ingredients by
ng the customer’s dietary food allergy or food into
ments sing the potential health consequences of failing t
ments of customers he special recipes or modify the recipe with suitab
ingredients ng ingredients that may cause health consequenc
ng ingredients that may cause health consequenc
he ingredients packaging for food additives and pr
ingredients that cause common allergic reactions
ingredients that not meet special dietary requirem
ng ingredients from dishes at the request of custom
pecial ingredients that meets the customers’ requ
with others if required that you maintain the nutritional value nicate customer requirements with team members
ng ingredients from dishes at the request of custom
oduction requirements in your journal section of y
help you. that cater to people who have special dietary need
ns. ut all of that planning and organising to work. Prep
special dietary requirement. Ensure that you: s to satisfy nutritional and special dietary requirem
g recipes for those with special dietary needs nicating dietary requirements to other members of
ng in writing where required) g appropriate ingredients to ensure optimum nutri
ppropriate equipment, preparation and cooking tec
dietary requirements and to retain optimum nutriti
ared food: petising and attractive manner HNOLOGY 45592 2022 | 12
y: olerance to meet dietary ble substitutes or ces in recipes ces on packaging reservatives s ments mers uirements s mers. your Logbook has ds for lifestyle, pare and cook ments by: f your team itional quality of chniques for ional values.
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s
o
visually e
work safely a
o
storing d
o
minimisi
o
maintain
surplus a
procedu
Complete a reflec
requirements as p
trainer/assessor o
3. Submit documents to your
Finalise your Stud
It should include th
dish as part of you
Reflective jou
Send or submit the
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evaluating each dish and adjusting its presentatio
and efficiently by: dishes in appropriate environmental conditions ing waste to maximise profitability ning a clean and hygienic work area, disposing of and re-useable by-products according to organisa
ures (including cost efficiency), working sustainabl
ctive journal for each time you cook a dish to meet
part of your assessment for this unit. Don’t forget t
or supervisor to complete the declaration. r assessor. dent Logbook
. Ensure that all documents are clea
he following completed
documents for each time ur assessment for this unit. urnal
(endorsed by your trainer/assessor or super
e completed Student Logbook
to your assessor. HNOLOGY 45592 2022 | 13
on as required. or storing ational ly and efficiently. t special dietary to ask your ar and complete. that you cook a rvisor).
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Assessment Ta
Student’s name: Has the following been complet
The student has satisfactorily determined production requirem
each special dietary requiremen
including:
three different food allergie
three different food intolera
The student has satisfactorily co
a Journal
for each special dieta
requirement dish including:
three different food allergie
three different food intolera
Assessor observations have be
completed and collectively acro
observations (either singular or multiple occasions) all boxes ha
checked as Yes and the studen
demonstrated their competence
the Benchmarks and Quality ind
provided in the assessor logboo
The student’s workplace superv
the assessor if in a training kitch
completed the Supervisor Decla
Section in the student’s logbook
are satisfied that they have ans
Yes to each question, the super
provided comments/feedback a
have followed up on any gaps o
concerns you have by discussin
Provide details of any discussio
took place in the Comments col
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ask 2: Checklist W.G.A.M.WAldeniya ted? Completed successfully?
Comments Yes No ments for nt dish es ances. ompleted ary es ances. een oss all on ave been nt e as per dicators ok. visor (or hen) has aration k and you swered rvisor has and you or ng this ons that lumn. HNOLOGY 45592 2022 | 14
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HNOLOGY 45592 2022 | 15
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Task outcome: Assessor signature: Assessor name: Date: T/ACANBERRAINSTITUTEOFEDUCATIONANDTECH
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Satisfactory
Not satisfa
HNOLOGY 45592 2022 | 16
actory
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Final results rec
Student name: W.G.A.
Assessor name: Chenna
Date: 17.12.2
nit name: SITHCC
Qualification name: Certific
Final assessment results Task Type Assessment Task 1 Researc
Assessment Task 2 Student Overall unit results Feedback xMy performance in this unit ha
xI would like to appeal this asse
Student signature: W.G.A.M.Wa
I hereby certify that this stu
carried out according to the
Assessor signature: _______
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cord .M.Waldeniya a K 2023 CC042 Prepare food to meet special dietary requ
cate 111 in commercial cookery Result Satisfactory Unsatisfactory
ch Report S U t Logbook S U C NYC as been discussed and explained to me. essment decision. aldeniya ________________________ Date: 17
udent has been assessed by me and that the ass
e required assessment procedures. ________________________________ Date: HNOLOGY 45592 2022 | 17
uirements y Did not submit DNS DNS 7.12.2023 _______ sessment has been _______________
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Cheyenne Corp. purchased equipment for $13200 on December 1. It is estimated that annual depreciation on the computer will be
$2640. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
O debit Depreciation Expense, $10560; credit Accumulated Depreciation, $10560.
O debit Equipment, $13200; credit Accumulated Depreciation, $13200.
O debit Depreciation Expense, $2640; credit Accumulated Depreciation, $2640.
O debit Depreciation Expense, $220; credit Accumulated Depreciation, $220.
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Bushard Company (buyer) and Schmidt, Inc. (seller), engaged in the following transactions during February 20X1:
Bushard Company
DATE
TRANSACTIONS
20X1
Feb. 10 Purchased merchandise for $6,800 from Schmidt, Inc., Invoice 1980, terms 1/10, n/30.
13 Received Credit Memorandum 230 from Schmidt, Inc., for damaged merchandise totaling $380 that was returned; the goods were
purchased on Invoice 1980, dated February 10.
19 Paid amount due to Schmidt, Inc., for Invoice 1980 of February 10, less the return of February 13 and less the cash
discount, Check 2010.
Schmidt, Inc.
DATE
TRANSACTIONS
20X1
Feb. 10 Sold merchandise for $6,800 on account to Bushard Company, Invoice 1980, terms 1/10, n/30. The cost of merchandise sold was
$3,900.
13 Issued…
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Purchased merchandise on credit from O'Rourke Fabricators, Invoice 885, $1,600, terms 2/10, n/30; freight of $32
prepaid by O'Rourke Fabricators and added to the invoice (total invoice amount, $1,632).
Paid amount due to O'Rourke Fabricators for the purchase of April 1, less the 2 percent discount, Check 457.
Purchased merchandise on credit from Kroll Company, Invoice 145, $1,050, terms 2/10, n/30; freight of $55 prepaid by
Kroll and added to the invoice.
Returned damaged merchandise purchased on April 15 from Kroll Company; received Credit Memorandum 332 for $50.
Paid the amount due to Kroll Company for the purchase of…
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9. MC.12.09
Research and Development
10. MC.12.10
Instructions
Chart Of Accounts
General Journal
11. RE.12.01.BLANKSHEET
Instructions
12. RE.12.02
Notting Hill Company incurred the following costs for R&D activities:
13. RE.12.03.BLANKSHEET
Material used from inventory
$15,000
14. RE.12.04.BLANKSHEET
Equipment purchased (with cash) for R&D with no other use
85,000
Depreciation on building housing multiple R&D activities
10,000
15. RE.12.05.BLANKSHEET
Wages and salaries paid to R&D employees
38,500
16. RE.12.06.BLANKSHEET
Required:
17. RE.12.07.BLANKSHEET
Prepare Notting Hill's journal entry(ies) to record its R&D.
18. RE.12.08
19. RE.12.09.BLANKSHEET
20. RE.12.10.BLANKSHEET
21. EX.12.01
22. EX.12.02.BLANKSHEET
O…
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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
I Group Project.xlsx
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LE - Sig...
I TRADE ONLINE INVESTMENTS
5631 LA HABRA PARKWAY, STE 13
YOUR CITY, YS XXXXX
(XXX)548-5734
CORRECTED (if checked)
PAYER'S name, street address, city or town, state or province, country. ZIP Applicable checkbox on Form 8949
or foreign postal code, and telephone no.
D
PAYER'S TIN
eview the following scenario. Use the information provided to answer questions about the taxpayer's 2021 return.
he sale was reported to him on Form 1099-B.
avier Brown (32) is filing as a single taxpayer. During the year, he was unhappy with the performance of an investment he had made in ALX Corporation in 2019. Xavier sold his sha
Cavier had no other capital gains or losses during the year. His only other income was from wages.
07-2011702
Question 15 of 50.
Xavier received the following Form…
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Exercise 15-3 (Static) Finance lease; lessee; balance sheet and income statement effects [L015-2]
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for
Georgia-Atlantic to make semiannual lease payments of $562,907 over a three-year lease term, payable each June 30 and December
31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC uses to calculate
lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment
is $3 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 (Use…
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Kitchen Magician, Inc. has assembled he following data pertaining to its two most popular products.
Pro
Product
Blender
Capacit
(LO 14-
Electric Mixer
Direct material
$6
$11
Direct labor
4.
Manufacturing overhead e $16 per machine hour
16
32
Cost if purchased from an outside supplier
Annual demand (units)
20
38
20 000
28.000
Past experience has shown that the fixed manufacturing overhead component included in the cost
per machine hour averages $10. Kitchen Magician's management has a policy of filling all sales orders,
even if it means purchasing units from outside suppliers.
Required:
1. If 50,000 machine hours are available, and management desires to follow an optimal strategy, how
many units of each product should the firm manufacture? How many units…
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On a given day a stock dealer maintains a bid price of $1,006.50 for a bond and an ask price of $1,009.75. The dealer made 19 trades that
totaled 950 bonds traded that day. What was the dealer's gross trading profit for this security?
Multiple Choice
$950.00
$1,173.25
$3,087.50
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Business interest deduction
Business interest carryforward
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Problem 06-05 (Algo) [LO 6-1, 6-4]
FruAgro Company has average annual gross receipts of $58 million annually. This year, FruAgro earned $3 million of business interest
income, incurred $8 million of business interest expense and has adjusted taxable income of $14 million.
Required:
Compute FruAgro's current deduction for business interest and the amount of any business interest carryforward.
Note: Enter your answers in dollars not in millions of dollars.
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FV $1
PV $1
FVA $1
PVA $1
FVAD $1
PVAD $1
1
1.03000 0.97087
1.0000
0.97087
1.0300
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1.91347
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2.82861
3.1836
2.91347
1.12551 0.88849
1.15927 0.86261
1.19405 0.83748
4
4.1836
3.71710
4.3091
3.82861
5.3091
4.57971
5.4684
4.71710
6
6.4684
5.41719
6.6625
5.57971
1.22987 0.81309
7.6625
6.23028
7.8923
6.41719
8
1.26677 0.78941
8.8923
7.01969
9.1591
7.23028
1.30477 0.76642
10.1591
7.78611
10.4639
8.01969
10 1.34392 0.74409
11 1.38423 0.72242
11.4639
8.53020
11.8078
8.78611
12.8078
9.25262
13.1920
9.53020
14.6178 10.25262
16.0863 10.95400
12 1.42576
0.70138
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9.95400
13 1.46853 0.68095
15.6178 10.63496
17.5989 11.63496
17.0863 11.29607
18.5989 11.93794 19.1569 12.29607
20.1569 12.56110
14 1.51259 0.66112
15 1.55797 0.64186
16 1.60471 0.62317
20.7616 12.93794
Rosie's…
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Module 3 Problem Set
2. EX.05.02
3. EX.05.01
4. BE.06.08
5. EX.05.04
6. BE.06.03.ALGO
7. BE.06.01.ALGO
eBook
Show Me How
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods
The units of an item available for sale during the year were as follows:
Jan. 1
Inventory
8 units at $40
$320
Aug. 13
Purchase
8 units at $42
336
Nov. 30
Purchase
5 units at $44
220
Available for sale
21 units
$876
There are 8 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory
cost using the (a) first-in, first-out (FIFO) method; (b) last-in,…
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Chapter 17 Financial Statement Analysis
Problems Series B
PR 17-1B Horizontal analysis of income statement
ов. 1
V 1. Net sales,
30.0% increase
For 2014, Macklin Inc. reported its most significant increase in net income in years. At
the end of the year, John Mayer, the president, is presented with the following condensed
comparative income statement:
1
SPREADSHEET
Macklin Inc.
Comparative Income Statement
2itilid For the Years Ended December 31, 2014 and 2013
GENERALLEDGER
2014
2013
Sales .....
$936,000
$720,000
Sales returns and allowances
26,000
20,000
Net sales.....
$910,000
$700,000
350,000
441,000
Cost…
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Chapter 5 Homework
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Current Attempt in Progress
Assume that Ivanhoe Company uses a periodic inventory system and has these account balances: Purchases $402,600; Purchase
Returns and Allowances $10,400; Purchase Discounts $8,000; and Freight-in $17,000.
Determine net purchases and cost of goods purchased.
Net purchases
%24
Cost of goods purchased
2$
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Northwest Fur Co. started 2021 with $105,000 of merchandise inventory on hand. During 2021, $540,000 in merchandise was purchased on
account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges
of $8,500. Merchandise with an invoice amount of $3,400 was returned for credit. Cost of goods sold for the year was $378,000. Northwest
uses a perpetual inventory system.
Assuming Northwest uses the gross method to record purchases, what is the cost of goods available for sale?
Multiple Choice
$650,100.
$639,368.
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| Unit 2 Lab Quiz - AC114 Accou X
Lab Quiz
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O $115000.
O $145000.
O $190000.
O $175000.
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x → 114_u2activity
Current Attempt in Progress
Martha Pharoah Ito began the Pharoah Company by investing $75000 of cash in the business. The company recorded revenues of
$555000, expenses of $410000, and had owner drawings of $30000. What was Pharoah's net income for the year?
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9. MC.12.09
Software Development Costs
10. MC.12.10
Intructions
Chart Of Accounts
General Journal
11. RE.12.01.BLANKSHEET
Intructions
12. RE.12.02
Closer & Co. incurred and paid the following costs for internal-use software:
13. RE.12.03.BLANKSHEET
• $12,000 in the preliminary stage of development
14. RE.12.04.BLANKSHEET
• $17,000 in external direct material and service costs used in developing the internal-use software
• $23,000 in payroll costs for employees working on the project
15. RE.12.05.BLANKSHEET
• $3,500 in interest costs while developing the software
16. RE.12.06.BLANKSHEET
Required:
17. RE.12.07.BLANKSHEET
Prepare Closer's initial journal entry(s) to record its internal-use software,
18.…
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- lare X 2021taxtables.pd x 2021taxtables.pd x https://ezto-cf-m x uons: ducation.com/ext/map/index.html?_con3Dcon&external_browser%3D08&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q. ulos 1, 2, 3 y 4 O Saved Help Save CI In 2016, Anna borrowed $11,500. In 2021, the debt was forgiven. Anna does not believe she should report the forgiveness of debt as income because she received nothing at the time the debt was forgiven in 2021. Required: What amount of income should Anna record in her tax return in relation to debt forgone? Income to be recorded < Prev 8 of 15arrow_forwardi have problem in part 4arrow_forwardplease help me for this questionarrow_forward
- .com/was/ui/v2/assessment-player/index.html?launchld%3D4a3ceb21-9e9f-4164-99bf-b3475f8851ea#/question/7 W Desmos Goldlink Google Keep O Dashboard E Welcome - Liferay 9 MLA Citation Gener. w ACC201-01 Music 101-06 uestion 8 of 30 > -/2 iew Policies Current Attempt in Progress Cheyenne Corp. purchased equipment for $13200 on December 1. It is estimated that annual depreciation on the computer will be $2640. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: O debit Depreciation Expense, $10560; credit Accumulated Depreciation, $10560. O debit Equipment, $13200; credit Accumulated Depreciation, $13200. O debit Depreciation Expense, $2640; credit Accumulated Depreciation, $2640. O debit Depreciation Expense, $220; credit Accumulated Depreciation, $220. Attempts: 0 of 1 used Submit Answer Save for Later %24 8. 3. y Warrow_forwardomework x ezto.mheducation.com/ext/map/index.html?_con3con&external_browser%3D0&launchUrl=https%253A%252F%252Ffaytechcc.blackboard.co.. Q E User Management,. H https://outlook.offi. FES Protection Plan System 7 - North C... ework Exercises Saved Help Bushard Company (buyer) and Schmidt, Inc. (seller), engaged in the following transactions during February 20X1: Bushard Company DATE TRANSACTIONS 20X1 Feb. 10 Purchased merchandise for $6,800 from Schmidt, Inc., Invoice 1980, terms 1/10, n/30. 13 Received Credit Memorandum 230 from Schmidt, Inc., for damaged merchandise totaling $380 that was returned; the goods were purchased on Invoice 1980, dated February 10. 19 Paid amount due to Schmidt, Inc., for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc. DATE TRANSACTIONS 20X1 Feb. 10 Sold merchandise for $6,800 on account to Bushard Company, Invoice 1980, terms 1/10, n/30. The cost of merchandise sold was $3,900. 13 Issued…arrow_forwardnework E x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A 52F%252Ffaytechcc.blackboard.co.. - User Management,.. H https://outlook.off.. FES Protection Plan System 7 - North C.. work Exercises Soved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate ce Purchased merchandise on credit from O'Rourke Fabricators, Invoice 885, $1,600, terms 2/10, n/30; freight of $32 prepaid by O'Rourke Fabricators and added to the invoice (total invoice amount, $1,632). Paid amount due to O'Rourke Fabricators for the purchase of April 1, less the 2 percent discount, Check 457. Purchased merchandise on credit from Kroll Company, Invoice 145, $1,050, terms 2/10, n/30; freight of $55 prepaid by Kroll and added to the invoice. Returned damaged merchandise purchased on April 15 from Kroll Company; received Credit Memorandum 332 for $50. Paid the amount due to Kroll Company for the purchase of…arrow_forward
- u Online C (78) Wha X M Uh-oh! T X Accounti X M Inbox (2, x O SP2021 Answere x E3 My Hom x * Cengage x Bartleby x + D X A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FMovies | Watch M. BIO201 Connect 10.. M Gmail D YouTube Fourth Homework O eBook 9. MC.12.09 Research and Development 10. MC.12.10 Instructions Chart Of Accounts General Journal 11. RE.12.01.BLANKSHEET Instructions 12. RE.12.02 Notting Hill Company incurred the following costs for R&D activities: 13. RE.12.03.BLANKSHEET Material used from inventory $15,000 14. RE.12.04.BLANKSHEET Equipment purchased (with cash) for R&D with no other use 85,000 Depreciation on building housing multiple R&D activities 10,000 15. RE.12.05.BLANKSHEET Wages and salaries paid to R&D employees 38,500 16. RE.12.06.BLANKSHEET Required: 17. RE.12.07.BLANKSHEET Prepare Notting Hill's journal entry(ies) to record its R&D. 18. RE.12.08 19. RE.12.09.BLANKSHEET 20. RE.12.10.BLANKSHEET 21. EX.12.01 22. EX.12.02.BLANKSHEET O…arrow_forwardF myCampus Portal Login - for Stu X B 09 Operational and Legal Consid x E (24,513 unread) - sharmarohit81 b My Questions | bartleby A fleming.desire2learn.com/d21/le/content/130754/viewContent/1518900/View?ou=130754 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 I Group Project.xlsx Show all 12:35 AM O Type here to search A O 4) ENG 2020-12-09arrow_forwardFreeTaxUSAⓇ -- X2021 Schedule C x Gmail art 1 - Scenario 8 с • hrblock.csod.com/Evaluations/EvalLaunch.aspx?loid-47a30875-9c0b-4ea2-bf63-40a9c98c0b29&evalLvl=5&redirect_url=%2fphnx%2fd YouTube Maps FreeTaxUSAⓇ LE - Sig... I TRADE ONLINE INVESTMENTS 5631 LA HABRA PARKWAY, STE 13 YOUR CITY, YS XXXXX (XXX)548-5734 CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country. ZIP Applicable checkbox on Form 8949 or foreign postal code, and telephone no. D PAYER'S TIN eview the following scenario. Use the information provided to answer questions about the taxpayer's 2021 return. he sale was reported to him on Form 1099-B. avier Brown (32) is filing as a single taxpayer. During the year, he was unhappy with the performance of an investment he had made in ALX Corporation in 2019. Xavier sold his sha Cavier had no other capital gains or losses during the year. His only other income was from wages. 07-2011702 Question 15 of 50. Xavier received the following Form…arrow_forward
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