ACC 306 Week 1 P12-7 Amalgamated General Corporation

 In this file ACC 300 Week 5 Team Assignment Problem Set PE-2, E7-5, E7-6, E7-9 there is overview of the following parts:


 1. PE-2, page 862


 In January 2012, the administration of Sarah Company determined that it has enough


 money to buy transient investments in debt and stock securities. In the course of the year,


 these are the transactions that happened.


 The fair values of the NJK and SEK common stocks were at $39 and $30 in every


 corresponding share at December 31.


 Instructions


 (a) Journalize the transactions and post to the accounts Debt Investments and Stock


 Investments. (Use the T account form.)


 (b) Prepare the adjusting entry at December 31, 2012, to report the investments at fair


 value. All securities are considered to be trading securities.


 (c) Show the balance sheet presentation of investment securities at December 31, 2012.


 (d) Identify the income statement accounts and give the statement classification of each


 account.


 2. E7-5


 In the Reyes Company, checks are currently not prenumbered for the purchasing client and the treasurer are both permitted to provide checks. Every benefactor has authorization to withheld checks stored in an open vault or cabinet. The purchasing agents pays all the charges involving the merchandise bought for resale. Before the payment, the purchasing agent confirms that the merchandise have been acquired and validates the precise calculation of the vendors

Business - Accounting
 QRB 501 Week 2 Learning Team Case Studies - "Case 5 - 2 and Case 6 -2"









 Week 2 Learning Team Case Studies

 Complete  the following case studies from Ch. 5 6 of Business Math:


 Case Study 5-2, pp. 184-185
 Case Study 6-2, pp. 216-217

   Use the provided Microsoft Excel template for your answers.

 Note . Show all work and calculations. (The use of Microsoft Excel software is required.)






 1. Ziam wants to know how much his royalty will be for a song he has written. How will it be calculated? Write the steps or the formulas that will be used to calculate his royalty payment.







 2. Ziam has written a popular song titled “Going There,” which has been recorded by a well-known performer.   He recently received a royalty check for $7,000. If Ziam gets a 0.5 share of the royalties and the credit value is $3.50, what was the credit total that his song earned? Write out the problem in the form of an equation and solve it.








 3. Ziam quickly published another song, “Take Me There,” that is played even more often than “Going There.”   If his first song earns 4,000 credits and his second song earns 6,000 credits, what will the royalty payment be from the two songs if the credit value remains at $3.50?




 4. Ziam is considering an offer to perform his own songs on a CD to be titled “Waiting There.” In the past, he has written but not performed his music. If Ziam’s royalty is 0.12 of the suggested retail price of $15.00,   but 0.25 of the retail price is deducted for packaging before Ziam’s royalty is calculated, how much will he receive for sale of the CD? Write your answer in the form of an equation and solve it.







 1. What percentage of the total does each of the four customer groups represent? Round to the nearest hundredth of a percent.







 2. Minh’s data shows t

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