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Chapter 9, Problem 9.11AAC

Meeting Minutes: Team Meeting Notes

When working on a formation with a team, volunteer to take flotes at a team meeting and be prepared to share the meeting minutes with your instructor, if requested. Follow the instructions in this chapter for meeting minutes.

YOUR TASK. Record the proceedings of a team meeting for a group project Record the date and time of the meeting, the attendees’ names, dissonant items, decisions made, and the date of the next meeting.

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Bal Engineering has $60,000 in assets. They also have $25,000 in liabilities and $5,000 in expenses, and they paid out $7,500 in dividends this year. The extended accounting equation is assets = liabilities + (revenue (expenses + dividends)). What would their revenue need to be for their accounts to be in balance?
March 1, 201, Dorchester Company's beginning work-in-process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 13,500 units were started and completed. Dorchester also started but did not complete 5,500 units. These units remained in the ending WIP inventory and were 60% complete to conversion costs. Dorchester uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.
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