Description
Individual Evolution of Business Presentation |
Resource: Ch. 2 of Introduction to Business Create a 10- to 15-slide Microsoft® PowerPoint® presentation describing the evolution of business. Include information about the following points: · Feudalism · Mercantilism · Capitalism · Commerce · Property rights · The Industrial Revolution Provide examples and appropriate graphics/visuals to illustrate each phase of business. Include detailed speaker notes (not in the slides, but in speaker notes area), a title slide, an introduction, conclusion, and an APA reference slide. This is IMPORTANT!! This is almost half of the grade. Do not leave these out.
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Review
Review
Anonymous
Great study resource, helped me a lot.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2 ...
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2. Beginning Retained Earnings are $65,000; sales are $29,500; expenses are $33,000; and dividends paid are $3,500. How much is the net income or loss for the company? 3. The account “Salaries Expense” began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and an increase of $350. What is the final balance of the “Salaries Expense” account, and is it a debit or credit? 4. A $375 purchase of supplies on account was recorded by debiting Supplies for $375 and crediting Cash for $375. What is the journal entry needed to correct this error? 5. Allied, Inc. bought a two-year insurance policy on August 1 for $3,600. What is the adjusting journal entry on December 31? E x am i n a t i o n E x am i n a t i o n Financial Accounting 6. A company started the year with no supplies. During the year they bought $200 worth of supplies on account and later paid $150 of this debt. If there were $40 worth of supplies left at the end of the year, what is the supply expense for the period? 7. ABC Corporation has received an invoice for $4,500 with terms of 3/15, n/50. If ABC pays the invoice on the seventeenth day, what is the effect on the Cash account and will the Cash account be debited or credited? 8. Bond and Associates has the following account balances listed in alphabetical order: Accumulated Depreciation, $23,000; Accounts Payable, $8,500; Accounts Receivable, $12,000; Cash, $3,500; Equipment, $44,000; Land, $21,000; Mortgage Payable, $45,000; Prepaid Insurance, $7,500; Supplies, $2,000; Unearned Revenue, $6,000; Wages Payable, $4,500. How much are Bond and Associates’ current liabilities? 9. Olympic Enterprises has the following inventory data: Assuming average cost, what is the cost of goods sold for the June 14 sale?Date Quantity Unit cost June 1 Beginning inventory 5 $52 June 4 Purchase 10 $55 June 7 Sale 12 June 11 Purchase 9 $58 June 14 Sale 8 10. A company has $4,500 in net sales, $3,200 in gross profit, $1,300 in ending inventory, and $1,800 in beginning inventory. What is the company’s cost of goods sold? 11. Goods available for sale are $40,000; beginning inventory is $16,000; ending inventory is $20,000; and the cost of goods sold is $50,000. What is the inventory turnover? 12. Which element of internal control deals with establishing procedures for things such as handling of incoming checks, and which element deals with the oversight of the internal control systems? 13. What is an audit opinion?14. A company has $235,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $7,250 credit balance. If the company estimates 7% of credit sales will be uncollectible, what is the amount of the journal entry to record estimated uncollectible accounts? 15. Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway estimates that 2% of credit sales will be uncollectible, what is the required journal entry to record estimated uncollectible accounts? 16. An asset has a cost of $50,000, with a residual value of $10,000. It has a life of 5 years and was purchased on January 1. Under double-declining-balance, what is the asset’s fourth full year of depreciation expense? 17. A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. What is the journal entry for this transaction? 18. On January 1, Bixby Machine signed a $210,000, 6%, 30-year mortgage that requires semiannual payments of $7,585 on June 30 and December 31 of each year. What is the correct journal entry for recording the second semiannual payment (round interest calculation to the nearest dollar)? 19. On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 and December 31. What is the correct entry for recording the June 30 interest payment on the bonds? 20. Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment? 21. Allied Industries, Inc. has 250,000 shares of $7-par common stock outstanding. They have declared a 7% stock dividend. The current market price of the common stock is $11/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration? 22. Accounts receivable amounts to $215,000 for the beginning of the year and $245,000 for the end of the year. Income reported on the income statement for the year is $300,000. How much is the cash flow from operating activities on the cash flow statement using the indirect method?23. Operating expenses other than depreciation for the year were $400,000. Accrued expenses increased by $35,000. What are the cash payments for operating expenses reported on the cash flow statement using the direct method? 24. Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $450,000. Current liabilities total $200,000. What is Red Line’s quick ratio? 25. River City, Inc. reported the following for 2014:Net sales $220,000 Net income $37,000 Market price per share of common stock $28.75 Dividends $4,100 Average number of shares of common stock outstanding 10,000 What are the earnings per share for River City, Inc. (to the nearest cent)?
5 pages
Bright Dairy Case Study
Bright Dairy & Food Co. Ltd is one of the largest State-owned limited companies in China and other European countries. It ...
Bright Dairy Case Study
Bright Dairy & Food Co. Ltd is one of the largest State-owned limited companies in China and other European countries. It was founded in August 2006, ...
MGT509 Trident Module 3 Mapping Human Resource Management Article Discussion
Hi there below I posted my assignment. If more information is needed, please let me know.
MGT509 Trident Module 3 Mapping Human Resource Management Article Discussion
Hi there below I posted my assignment. If more information is needed, please let me know.
9 pages
Louis Armstrong
Armstrong learned to play the cornet while in detention Moved to Chicago in 1922 to join Oliver's creole jazz band He fell ...
Louis Armstrong
Armstrong learned to play the cornet while in detention Moved to Chicago in 1922 to join Oliver's creole jazz band He fell out with Henderson and ...
Corporate Strategic Management Research Paper
For this assignment, pick one of the following companies: General Electric, Boeing, Walmart, McDonalds, Walt Disney, Nike, ...
Corporate Strategic Management Research Paper
For this assignment, pick one of the following companies: General Electric, Boeing, Walmart, McDonalds, Walt Disney, Nike, or Starbucks. Craft a paper in which you:Research and describe the company on a global scale.Articulate the companies strategy both in the United States and globally.Describe any business/operating units that exist and examine what they do in the overall company business.Research and comment on the companies competition. What do they do and how do they compare to your chosen company?Evaluate any strengths, weaknesses, or opportunities that exist for your chosen company.Make any recommendations based on your course knowledge on the topics we have learned to date. Including strategy, divestiture, structure, diversification, partnerships, outsourcing, or synergies.Note: You many not use the same company that you have already selected for your final project.Your paper should be at least five pages in length, not including cover and reference pages. Cite at least four other scholarly references and utilize proper APA format.
Similar Content
University of Maryland Global Campus Finance for Business Exercise
You have just purchased an investment that generates the following cash flows for the next four years. You are able to rei...
NRS44V GCU How A Bill Becomes A Law Legislative Worksheet Help
As you have discovered through this course, nurses are influential members of the community and the political system. Ther...
Vetoes Domestic Violence Bill Over Radioactive Waste Amendment Discussion
students will find a current event related to topics in Texas government: state and local politics. Whats a summary analys...
Rasmussen College Members of the Financial Aid Committee Letter
Thank you for inquiring about your Satisfactory Academic Progress and your ability to appeal your eligibility for financia...
Kettering College of Medical Arts Lifeline of Conflict Essay
Using the "Lifeline of Conflict" as a guide, complete the sections as they apply to your life. Be ready to reflect o...
CSUN Data Entry of Los Angeles County Rank in Quality of Life Worksheet
Length of
Life Rank
13
25
44
43
21
10
50
20
38
35
52
24
36
46
29
55
28
16
37
2
49
48
34
57
4
17
6
26
5
8
54
23
27
15
32
12...
Health Determinants
Health threats are monitored at global, national, and local levels. The goal is to identify and eliminate health threats (...
Solid Article Final
General Instructions: Please insert your responses in the boxes provided. Refer to the CAP Guidelines for submission crite...
Ethical Issues.edited 1
Artificial Intelligence, 5G, robotics, the Internet Of Things, and Serverless computing are just but a few examples of eme...
Related Tags
Book Guides
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2 ...
How much does the company have in Assets?, Exam Financial Accounting
1. A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How much does the company have in Assets? 2. Beginning Retained Earnings are $65,000; sales are $29,500; expenses are $33,000; and dividends paid are $3,500. How much is the net income or loss for the company? 3. The account “Salaries Expense” began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and an increase of $350. What is the final balance of the “Salaries Expense” account, and is it a debit or credit? 4. A $375 purchase of supplies on account was recorded by debiting Supplies for $375 and crediting Cash for $375. What is the journal entry needed to correct this error? 5. Allied, Inc. bought a two-year insurance policy on August 1 for $3,600. What is the adjusting journal entry on December 31? E x am i n a t i o n E x am i n a t i o n Financial Accounting 6. A company started the year with no supplies. During the year they bought $200 worth of supplies on account and later paid $150 of this debt. If there were $40 worth of supplies left at the end of the year, what is the supply expense for the period? 7. ABC Corporation has received an invoice for $4,500 with terms of 3/15, n/50. If ABC pays the invoice on the seventeenth day, what is the effect on the Cash account and will the Cash account be debited or credited? 8. Bond and Associates has the following account balances listed in alphabetical order: Accumulated Depreciation, $23,000; Accounts Payable, $8,500; Accounts Receivable, $12,000; Cash, $3,500; Equipment, $44,000; Land, $21,000; Mortgage Payable, $45,000; Prepaid Insurance, $7,500; Supplies, $2,000; Unearned Revenue, $6,000; Wages Payable, $4,500. How much are Bond and Associates’ current liabilities? 9. Olympic Enterprises has the following inventory data: Assuming average cost, what is the cost of goods sold for the June 14 sale?Date Quantity Unit cost June 1 Beginning inventory 5 $52 June 4 Purchase 10 $55 June 7 Sale 12 June 11 Purchase 9 $58 June 14 Sale 8 10. A company has $4,500 in net sales, $3,200 in gross profit, $1,300 in ending inventory, and $1,800 in beginning inventory. What is the company’s cost of goods sold? 11. Goods available for sale are $40,000; beginning inventory is $16,000; ending inventory is $20,000; and the cost of goods sold is $50,000. What is the inventory turnover? 12. Which element of internal control deals with establishing procedures for things such as handling of incoming checks, and which element deals with the oversight of the internal control systems? 13. What is an audit opinion?14. A company has $235,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $7,250 credit balance. If the company estimates 7% of credit sales will be uncollectible, what is the amount of the journal entry to record estimated uncollectible accounts? 15. Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway estimates that 2% of credit sales will be uncollectible, what is the required journal entry to record estimated uncollectible accounts? 16. An asset has a cost of $50,000, with a residual value of $10,000. It has a life of 5 years and was purchased on January 1. Under double-declining-balance, what is the asset’s fourth full year of depreciation expense? 17. A truck costing $56,000 has accumulated depreciation of $50,000. The truck is sold for $8,500. What is the journal entry for this transaction? 18. On January 1, Bixby Machine signed a $210,000, 6%, 30-year mortgage that requires semiannual payments of $7,585 on June 30 and December 31 of each year. What is the correct journal entry for recording the second semiannual payment (round interest calculation to the nearest dollar)? 19. On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 and December 31. What is the correct entry for recording the June 30 interest payment on the bonds? 20. Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment? 21. Allied Industries, Inc. has 250,000 shares of $7-par common stock outstanding. They have declared a 7% stock dividend. The current market price of the common stock is $11/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration? 22. Accounts receivable amounts to $215,000 for the beginning of the year and $245,000 for the end of the year. Income reported on the income statement for the year is $300,000. How much is the cash flow from operating activities on the cash flow statement using the indirect method?23. Operating expenses other than depreciation for the year were $400,000. Accrued expenses increased by $35,000. What are the cash payments for operating expenses reported on the cash flow statement using the direct method? 24. Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $450,000. Current liabilities total $200,000. What is Red Line’s quick ratio? 25. River City, Inc. reported the following for 2014:Net sales $220,000 Net income $37,000 Market price per share of common stock $28.75 Dividends $4,100 Average number of shares of common stock outstanding 10,000 What are the earnings per share for River City, Inc. (to the nearest cent)?
5 pages
Bright Dairy Case Study
Bright Dairy & Food Co. Ltd is one of the largest State-owned limited companies in China and other European countries. It ...
Bright Dairy Case Study
Bright Dairy & Food Co. Ltd is one of the largest State-owned limited companies in China and other European countries. It was founded in August 2006, ...
MGT509 Trident Module 3 Mapping Human Resource Management Article Discussion
Hi there below I posted my assignment. If more information is needed, please let me know.
MGT509 Trident Module 3 Mapping Human Resource Management Article Discussion
Hi there below I posted my assignment. If more information is needed, please let me know.
9 pages
Louis Armstrong
Armstrong learned to play the cornet while in detention Moved to Chicago in 1922 to join Oliver's creole jazz band He fell ...
Louis Armstrong
Armstrong learned to play the cornet while in detention Moved to Chicago in 1922 to join Oliver's creole jazz band He fell out with Henderson and ...
Corporate Strategic Management Research Paper
For this assignment, pick one of the following companies: General Electric, Boeing, Walmart, McDonalds, Walt Disney, Nike, ...
Corporate Strategic Management Research Paper
For this assignment, pick one of the following companies: General Electric, Boeing, Walmart, McDonalds, Walt Disney, Nike, or Starbucks. Craft a paper in which you:Research and describe the company on a global scale.Articulate the companies strategy both in the United States and globally.Describe any business/operating units that exist and examine what they do in the overall company business.Research and comment on the companies competition. What do they do and how do they compare to your chosen company?Evaluate any strengths, weaknesses, or opportunities that exist for your chosen company.Make any recommendations based on your course knowledge on the topics we have learned to date. Including strategy, divestiture, structure, diversification, partnerships, outsourcing, or synergies.Note: You many not use the same company that you have already selected for your final project.Your paper should be at least five pages in length, not including cover and reference pages. Cite at least four other scholarly references and utilize proper APA format.
Earn money selling
your Study Documents