1) Discussion liabilities
Liabilities
Depending on the length of time, liabilities will either be categorized as current or long-term. Go to Yahoo Finance and select a company. Then, share either a current or long-term liability of the company and the type’s characteristics. Go to at least two other colleagues’ posts with the other type of liability and provide the difference between the types.
2) assignment 1: problems ACC220 Week 7 Assignment
Problems
For this week’s assignment, address the following questions. Be sure to complete all steps and sections of the problem and show all your work.
1. Consider the following situations and determine (1) which type of liability should be recognized (specific account), and (2) how much should be recognized in the current period (year).
2. A business sets up a line of credit with a supplier. The company purchases $10,000 worth of equipment on credit. Terms of purchase are 5/10, n/30.
3. A customer purchases a watering hose for $25. The sales tax rate is 5%.
4. Customers pay in advance for season tickets to a soccer game. There are fourteen customers, each paying $250 per season ticket. Each customer purchased two season tickets.
5. A company issues 2,000 shares of its common stock with a price per share of $15.
6. Consider the following situations and determine (1) which type of liability should be recognized (specific account), and (2) how much should be recognized in the current period (year).
7. A business depreciates a building with a book value of $12,000, using straight-line depreciation, no salvage value, and a remaining useful life of six years.
8. An organization has a line of credit with a supplier. The company purchases $35,500 worth of inventory on credit. Terms of purchase are 3/20, n/60.
9. An employee earns $1,000 in pay and the employer withholds $46 for federal income tax.
10. A customer pays $4,000 in advance for legal services. The lawyer has previously recognized 30% of the services as revenue. The remainder is outstanding.
11. Perfume Depot sells two different tiers of perfume products to customers. They charge $30 for tier 1 perfume and $100 for tier 2 perfume. The sales tax rate is 4.5%. During the month of October, Perfume Depot sells 75 tier 1 perfumes, and 60 tier 2 perfumes.
12. What is the total tax charged to the customer per tier 1 perfume? What is the overall charge per tier 1 category perfume?
13. What is the total tax charged to the customer per tier 2 perfume? What is the overall charge per tier 2 category perfume?
14. How much sales tax liability does Perfume Depot have for the month of October?
15. What accounts are used to recognize this tax situation for the month of October?
16. When Perfume Depot remits payment to the sales tax governing body, what happens to the sales tax liabilities?
3) assignment 2: exercise ACC220 Week 7
Exercise
Be sure to complete all steps and sections of the problem and show all your work.
1. Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. Interest was paid annually. The bonds were sold at 87.5.
2. What was the sales price of the bonds?
3. Were they issued at a discount, a premium, or at par?
4. Diana Inc. issued $100,000 of its 9%, 5-year bonds for $96,149 when the market rate was 10%. The bonds pay interest semi-annually.
5. Prepare an amortization table for the first three payments.
6. Pinetop Corporation issued $150,000 10-year bonds at par. The bonds have a stated rate of 6% and pay interest annually.
7. What is the journal entry to record the sale of the bonds?
4) discussion 2 supply chain
Technology and Supply Chain
Select one of the modern forms of technology—AI, machine learning, cloud computing, advanced robotics, automated vehicles, drones, or 3D printing—and spend a few minutes researching it online. Then brainstorm ways your selected technology could be incorporated into logistics and supply chain management. Write a post describing your three best ideas.
In responding to your classmates’ posts, share your recommendations about their best ideas.
5) assignment 3 How Does Supply Chain Work?
Contact one of the following businesses and ask to speak to a person in the supply chain or logistics department. You might have to go through several people to actually get to the one that can best answer your questions. The goal with this exercise is to ask questions regarding the logistics in these companies to better understand the complex process. Every logistics department is involved in the movement of goods (the coming and/or going), but they vary in how they go about it.
• A local warehouse
• UPS
• FedEx
• Amazon.com warehouse (they have multiple layers that you can contact as well as their logistics partner program)
• A trucking company
Interview Questions
When you speak to the professional, be prepared with questions that will help you understand this position. Here are a handful of questions to get you started:
1. What is your job title and function?
2. How would you describe your department?
3. How did you obtain your position?
4. What skills, background, or degree are needed to do this type of work?
5. What are the main challenges faced by the department in the job?
6. Are you aware of differences in how you run your operations versus a similar company? If yes, can you outline examples?
Assignment Requirements
The requirements below must be met for your paper to be accepted and graded:
• The paper must be between 1 – 2 pages in length (not counting the title page) using Microsoft Word.
• Attempt APA style.
• Use font size 12 and 1” margins.
• Include a cover page and reference page.
• Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.
Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as scholarly journals found in online newspapers such as The Wall Street Journal, government websites, etc. Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable.