the essay

Assignment: MODULE 4:From Chapters 8 & 9 Topic: Examine Sullivan’s Interpersonal Theory. Pick either “Tensions” (Energy System) or “Dynamisms” (Behavior Patterns). Compare and/or contrast the classes listed (Needs and Anxiety or Malevolence, Intimacy, Lust and Self-System) with the wisdom given in the Book of Proverbs. Use Scripture from the Book of Proverbs in your thread.

Week Three Exercise Assignment

Inventory

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1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; Painting		; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; Cost
1/2 Beginning inventory	Woods		$11,000
4/19 Purchase	Sunset		21,800
6/7 Purchase	Earth		31,200
12/16 Purchase	Moon		4,000
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Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s

a. cost of goods sold.

b. gross profit.

c. ending inventory.

2. ;Inventory valuation methods: basic computations. The January beginning inven­tory of the White Company consisted of 300 units costing $40 each. During the first quarter, the company purchased two batches of goods: 700 Units at $44 on February 21 and 800 units at $50 on March 28. Sales during the first quarter were 1,400 units at $75 per unit. The White Company uses a periodic inventory system. Using the White Company data, fill in the following chart to compare the results obtained under the FIFO, LIFO, and weighted-average inventory methods.

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FIFO		; ; ; LIFO		Weighted Average
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; Goods available for sale ; ; ; ; ; ; ; ; ; ; ; ;	; ; $		$		$
Ending inventory, March 31
Cost of goods sold
;	;	;	;	;	;

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3. Perpetual inventory system: journal entries. At the beginning of 20X3, Beehler Company implemented a computerized perpetual inventory system. The first transactions that occurred during 20X3 follow:

· ; ; ; ; ; ; ; ; 1/2/20X3 Purchases on account: 500 units @ $4 = ; $2,000

· ; ; ; ; ; ; ; ; 1/15/20X3 Sales on account: 300 units @ $8.50 = $2,550

· ; ; ; ; ; ; ; ; 1/20/20X3 Purchases on Account: 200 units @ $5 = $1,000

· ; ; ; ; ; ; ; ; 1/25/20X3 Sales on Account: 300 units @ $8.50 = $2,550

The company president examined the computer-generated journal entries for these transactions and was confused by the absence of a Purchases account.

a. Duplicate the journal entries that would have appeared on the computer printout under FIFO & LIFO.

b. Calculate the balance in the firm’s Inventory account under each method.

c. Briefly explain the absence of the Purchases account to the company president.

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4. Inventory valuation methods: computations and concepts. Wave Riders Surfboard Company began business on January 1 of the current year. Purchases of surfboards were as follows:

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1/3:	100 boards ; @ $125
3/17:	; 50 boards @ $130
5/9:	246 boards @ $140
7/3:	400 boards @ $150
10/23:	;74 boards ; @ $160

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Wave Riders sold 710 boards at an average price of $250 per board. The company uses a periodic inventory system.

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Instructions

a. Calculate cost of goods sold, ending inventory, and gross profit under each of the following inventory valuation methods:

· ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; First-in, first-out

· ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; Last-in, first-out

· ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; Weighted average

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b. Which of the three methods would be chosen if management’s goal is to

(1) produce an up-to-date inventory valuation on the balance sheet?

(2) show the lowest net income for tax purposes?

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5. Depreciation methods. Betsy Ross Enterprises purchased a delivery van for $30,000 in January 20X7. The van was estimated to have a service life of 5 years and a resid­ual value of $6,000. The company is planning to drive the van 20,000 miles annually. Compute depreciation expense for 20X8 by using each of the following methods:

a. Units-of-output, assuming 17,000 miles were driven during 20X8

b. Straight-line

c. Double-declining-balance

6. Depreciation computations. Alpha Alpha Alpha, a college fraternity, purchased a new heavy-duty washing machine on January 1, 20X3. The machine, which cost $1,000, had an estimated residual value of $100 and an estimated service life of 4 years (1,800 washing cycles). Calculate the following:

a. The machine’s book value on December 31, 20X5, assuming use of the straight-line depreciation method.

b. Depreciation expense for 20X4, assuming use of the units-of-output depreciation method. Actual washing cycles in 20X4 totaled 500.

c. Accumulated depreciation on December 31, 20X5, assuming use of the double-declining-balance depreciation method.

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7. Depreciation computations: change in estimate. Aussie Imports purchased a specialized piece of machinery for $50,000 on January 1, 20X3. At the time of acquisition, the machine was estimated to have a service life of 5 years (25,000 operating hours) and a residual value of $5,000. During the 5 years of operations (20X3 – 20X7), the machine was used for 5,100, 4,800, 3,200, 6,000, and 5,900 hours, respectively.

Instructions

a. Compute depreciation for 20X3 – 20X7 by using the following methods: straight line, units of output, and double-declining-balance.

b. On January 1, 20X5, management shortened the remaining service life of the machine to 20 months. Assuming use of the straight-line method, compute the company’s depreciation expense for 20X5.

c. Briefly describe what you would have done differently in part (a) if Aussie Imports had paid $47,800 for the machinery rather than $50,000. In addition, assume that the company incurred $800 of freight charges $1,400 for machine setup and testing, and $300 for insurance during the first year of use.

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, and Roy. Year 1 Year 2 Amounts billed to customers for services rendered $ 170,000 $ 220,000 Cash collected from customers 160,000 190,000 Cash disbursements: Salaries paid to employees for services rendered during the year 90,000 100,000 Utilities 30,000 40,000 Purchase of insurance policy 60,000 0 In addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period. Calculate the net operating cash flow for years 1 and 2. (Net cash outflows should be indicated by a minus sign.)

Create a ten to twelve (10-12) slide presentation in which you:

1. Create a title slide and references section (as indicated in the format requirements below). ;
2. Narrate each slide, using a microphone, indicating what you would say if you were actually presenting in front of an audience. Note: If you do not have access to a microphone, then you should provide detailed speaker notes with your presentation. ;
3. Summarize the history of public administration.
4. Evaluate the importance of public budgeting within the federal government.
5. Analyze the role of policy analysis within the state government. ;
6. Evaluate the significance of the role that public leadership and public personnel play as they relate to all levels of government.
7. Compare the significance of both constitutional and administrative law for the government and for non-profit agencies.
8. Give your opinion on how each of these areas plays a significant role as a public administrator.
9. Include at least five (5) academic references (no more than five [5] years old) from material outside the textbook. Note: Appropriate academic resources include academic and governmental Websites, scholarly texts, and peer-reviewed articles. Wikipedia, other wikis, and any other Websites ending in anything other than “.gov” do not qualify as academic resources. ;

Your assignment must follow these formatting requirements:

• Include a title slide containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The title slide is not included in the required slide length.
• Include a reference slide containing the sources that were consulted while completing research on the selected topic, listed in APA format. The reference slide is not included in the required slide length. ;
• Format the PowerPoint presentation with headings on each slide, two to three (2-3) colors, two to three (2-3) fonts, and two to three (2-3) relevant graphics (photographs, graphs, clip art, etc.), ensuring that the presentation is visually appealing and readable from 18 feet away. Check with your professor for any additional instructions.
• Slides should abbreviate the information in no more than five or six (5 or 6) bullet points each.
• Slide titles should be based on the criteria being summarized (e.g., “Four Key Attributes,” “Responses to Budget Issues,” etc.).

Your assignment must follow these formatting requirements:

• Format the PowerPoint presentation with headings on each slide and three to four (3-4) relevant graphics (photographs, graphs, clip art, etc.), ensuring that the presentation is visually appealing and readable from 18 feet away. Check with your professor for any additional instructions.
• Include a title slide containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The title slide is not included in the required slide length. ;