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Bob night opened the generals favorite fishing hole
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- When cleaning out his jacket pocker, Cy discovers a receiptStephanie Baskill, an unemployed accounting clerk, lives one block from Cleaver Manufacturing Company. While walking her dog last year, she noticed some ERP manuals in the dumpsters. Curious, she took the manuals home with her. She found that the documentation in the manual was dated 2 months previous, so she thought that the information must be fairly current. Over the next month,Stephanie continued to collect all types of manuals from the dumpster during her dog-walking excursions. Cleaver Manufacturing Company was apparently updating all of its documentation manuals and placing them online.Eventually, Stephanie found manuals about critical inventory reorder formulas, the billing system, the sales order system, the payables system, and the operating system. Stephanie went to the local library and read as much as she could about this particular operating system.To gain access to the organization, she took a low profile position as a cleaning woman, giving her access to all areas in…Give typing answer with explanation and conclusion
- Bob Night opened The General’s Favorite Fishing Hole. The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. The chart of accounts for the camping operations is provided below. Prepare a trial balance on a work sheet. Complete the work sheet. The following transactions took place during April 20--. Apr. 1 Night invested cash in business, $90,000. 1 Paid insurance premium for six-month camping season, $9,000. 2 Paid rent for lodge and campgrounds for the month of April, $40,000. 2 Deposited registration fees, $35,000. 2 Purchased 10 fishing boats on account for $60,000. The boats…So I solved the question but I would like you to pretend the solution is incorrect and make an argument for it being wrong and recommend an alternative. i attached the solution as an image thank you Problem 3. Time to Live By makes custom made sundials. Two months ago, the Thane of Sapphire Fief ordered a sundial to commemorate the birth of her 10th child. The sundial, as ordered, was made of a rare granite mined near Banff. Huge sapphires shaped like fanciful griffins adorned the rim and the numerals are made of diamonds and rubies. The center was made of purest gold. Due to some political unrest, the Thane and her family are now in hiding. It is not expected that she will ever be able to take possession of (or pay for) the sundial. The cost of the sundial was: DM $200,000 DL 30,000 VOH…Reynaldo and Sonya, a married couple, had flood damage in their home due to a dam break near their home in 2019, which was declared a Federally Designated Disaster Area. The flood damage ruined the furniture that was stored in their garage. The following items were completely destroyed and not salvageable: Damaged Items FMV Just Prior to Damage Original Item Cost (Basis) Antique poster bed $ 6,000 $ 5,000 Pool table 7,000 11,000 Flat-screen TV 700 2,500 Required: Their homeowner's insurance policy had a $10,000 deductible for the personal property, which was deducted from their insurance reimbursement of $12,700, resulting in a net payment of $2,700. Their AGI for 2019 was $50,000. What is the amount of casualty loss that Reynaldo and Sonya can claim on their joint return for 2019?
- Jorge and his wife own a beachfront vacation home in Savannah, Georgia. During the year, high winds from a tropical storm shatter a sliding glass door and rain from the storm causes extensive water damage to the kitchen. The Savannah area qualified for federal disaster relief. Fortunately, during a calm in the storm, Jorge is able to board up the door, which limits the water damage to the kitchen. The items damaged in the storm are: Cost ValueBefore ValueAfter InsuranceProceeds Kitchen furniture $2,085 $1,325 $430 $510 TV 265 200 0 115 Refrigerator 1,000 920 90 775 Linoleum flooring 1,645 880 0 470 In addition, Jorge pays $610 to replace the sliding glass door. The insurance company will not reimburse him for the cost of the new door because the old sliding glass door did not meet the company's standards for a hurricane area. The amount of Jorge's casualty loss before considering any annual limitations that may apply is…S Your next-door neighbor recently began a new job as assistant controller for Conundrum Corporation. As her first assignment, she prepared a performance report for January. She was scheduled to present the report to management the next morning, so she brought it home to review. As the two of you chatted in the backyard, she decided to show you the report she had prepared. Unfortunately, your dog thought the report was an object to be fetched. The pup made a flying leap and got a firm grip on the report. After chasing the dog around the block, you managed to wrest the report from its teeth. Needless to say, it was torn to bits. Only certain data are legible on the report. This information follows: CONUNDRUM CORPORATION Performance Report for the Month of January Direct Material ? (? kilograms at $10 per kilogram) Standard allowed cost given actual output Flexible overhead budget Actual cost Direct-material price variance Direct-material quantity variance Direct-labor rate variance…A volunteer has been asked to drop off some supplies at a facility housing victims of a hurricane evacuation. The volunteer would like to bring at least 240 bottles of water, 117 first aid kits, and 83 security blankets on his visit. The relief organization has a standing agreement with two companies that provide victim packages. Company A can provide packages of 21 water bottles, 9 first aid kits, and 7 security blankets at a cost of $2. Company B can provide packages of 8 water bottles, 5 first aid kits, and 3 security blankets at a cost of $1.50. How many of each package should the volunteer pick up to minimize the cost? What amount does the relief organization pay? Answer Enter the value in the first box and the ordered pair in the second box. Minimum Cost of S Minimum Cost at Tables Keypad Keyboard Shortcuts
- After spilling his plate of spaghetti all over his friend's apartment floor, Anthony rented a carpet cleaner to clean it up. In doing so, he realized just how easy it is to clean carpets! He started his own business, diving in head-first by purchasing a carpet cleaner, to make a little money. His friends are keen to use his services to clean their rented apartments before handing back keys to the landlords. Anthony charges $70 to clean the main areas of an apartment. In addition to his equipment costs, he uses a cleaning solution on the carpet, which costs about $22 per unit cleaned. Because of his class load, Anthony currently cleans just 4 apartments per month, but he is thinking about asking his roommate to join him so that he can increase the volume of sales.Own answer please read story before answering thank you Mr. Juan is a retired government employee who is good at baking. One day he decides to put up a bakery shop in your barangay. He renovates a portion of his house to serve as the area for the production of bread. He purchases baking equipment and raw materials to produce five different types of bread. Mr. Juan also hires Jose to help him with the baking and, at the same time, to be in-charge of sales. Mr. Juan pays Jose on a weekly basis. Every day, Mr. Juan’s wife deposits the daily cash sales in their bank account at XY Savings Bank. With the help of accounting, what possible decisions or questions of Mr. Juan can accounting provide an answer to? • Is my business earning? (profitability) Business • How much daily or monthly sales do I need in order to recover my fixed cost? (break-even) • Do I need to hire additional workers to help me with my production? • Can I afford to set up a new store in another place? Where do…Which of the following items would be included in the gross income of the recipient? Insurance payments for medical care of a dependent child Insurance payments for loss of the taxpayer's sight Season tickets worth $2,000 given to a son by his father Payments to a student for working at the student union food court Lodging provided to a worker on a remote oil rig
