Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2010. During May, Kelly Consulting entered into the following transactions:May 3. Received cash from clients as an advance payment for services to be provided and recorded it as a credit to unearned fees, $2,500. Received cash from clients on account, $1,750. Paid cash for a newspaper advertisement, $300.13. Paid Office Station Co. for part of the debt incurred on April 5, $400. Recorded services provided on account for the period May 1-15, $6,100. Paid part-time receptionist for two weeks’ salary including the $120 owed on April 30, $750. Debit the Salaries Payable for the $120 owed. 17. Recorded cash from cash clients for fees earned during the period May 1-16, $8,200.20. Purchased supplies on account, $400.21. Recorded services provided on account for the period May 16-20, $3,900.25. Recorded cash from cash clients for fees earned for the period May 17-23, $5,100.27. Received cash from clients on account, $9,500.28. Paid part-time receptionist for two weeks’ salary, $750.30. Paid telephone bill for May, $120.31. Paid electricity bill May, $290.31. Recorded cash from cash clients for fees earned for the period May 26-31, $3,875.31. Recorded services provided on account for the remainder of May, $3,200.30. Kelly withdrew $8,000 for personal use.Instructions:1. Journalize and post each transaction presented above, referring to the following chart of accounts in selecting the accounts to be debited and credited. (See K & A Getting Started icon for help starting this problem.) 31 Kelly Pitney, Capital32 Kelly Pitney, Drawing33 Income Summary41 Fees Earned51 Salary Expense52 Rent Expense53 Supplies Expense54 Depreciation Expense55 Insurance Expense59 Miscellaneous Expense2. Prepare a trail balance as of May 31, 2010. (Check with Comp Prob 1 – Trial Balance) 3. Journalize and post the adjusting entries in the General Journal. a. Insurance expired during May is $300b. Supplies on hand on May 31 are $600.c. Depreciation of office equipment for May is $330.d. Accrued receptionist salary on May 31 is $240e. Rent expired during May is $1,600.$3,000)4. Prepare an income statement, a statement of owner’s equity, and a balance sheet.5. Journalize and post the closing entries in the General Journal.6. Prepare a post-closing trial balance.When finished, please submit to the instructor one copy of the Journal; the Trial Balance before adjustments; the Income Statement; the Statement of Owner’s Equity; and the Balance Sheet.
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Keith Shoe Stores Carries A Basic Black Dress Shoe For Men That Sells At An Appr
/in Uncategorized /by developerKeith Shoe Stores carries a basic black dress shoe for men that sells at an approximate constant rate of 500 pairs of shoes every 3 months. Keith’s current buying policy is to order 500 pairs each time an order is placed. It costs Keith $30 to place an order. The annual holding cost rate is 20%. With an order quantity of 500, Keith obtains the shoes at the lowest possible unit cost of $28 per pair. Other quantity discounts offered by the manufacturer are as follows. What is the minimum-cost order quantity for the shoes? What are the annual savings of your inventory policy over the policy currently being used by Keith?Order Quantity
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Kel497 Tim Calkins Pedigree Growth Strategy A Julie Smith Tossed The Ball For He
/in Uncategorized /by developerThere are three questions that need to be answered based on a case study. I’ve attached the case study. And the case study guideline. Here are the three questions that have to be answered based on the case study:1. Is dog food an attractive category?2. How well is Pedigree been doing?3. What marketing strategy do you recommend going forward?
1. Is dog food an attractive category? Dog food is an attractive category because of the number of people who own dogs and those whoown them are very possessive about them. Dog food was a major…
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Keller L Kevin Kotler Philip 2012 Marketing Management 14th Ed Upper Saddle Rive
/in Uncategorized /by developerKeller, L. Kevin & Kotler, Philip. (2012). Marketing management (14th ed.). Upper Saddle River, NJ: Prentice Hall
Read the Ritz Carlton case study in Chapter 13 on page 379 in your textbook. Answer the two questions at the end of the study (p. 380). Support your answers with a minimum of one source per question, no more than five years old. Your answer to each question should be approximately 400 words using APA format.
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Kelli Weighs 396 N And She Is Sitting On On A Playground Swing That Hangs 0 6 M
/in Uncategorized /by developerKelli weighs 396 N, and she is sitting on on a playground swing that hangs 0.6 m above the ground. Her mom pulls the swing back and releases it when the seat is 1.2 m above the ground. If Kelli moves through the lowest point at 1.7 m/s, how much work was done on the swing by friction?
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Kellogg Co Recently Earned A Profit Of 2 52 Earnings Per Share And Has A P E Rat
/in Uncategorized /by developerKellogg Co. recently earned a profit of $2.52 earnings per share and has a P/E ratio of 13.5. The dividend has been growing at a 5 percent rate over the past few years.
If the growth rate continues, what would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio declined to 12 in five years?
Stock Price??
Stock Price with new P/E
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Kelly Company Produces Flash Drives For Computers Which It Sells For 20 Each Eac
/in Uncategorized /by developerKelly Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $16 of variable costs to make. During April, 1,000 drives were sold. Fixed costs were $1,000 for the month. What is the contribution margin per unit?
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Kelly Inherits Land Which Had A Basis To The Decedent Of 95 000 And A Fair Marke
/in Uncategorized /by developerKelly inherits land which had a basis to the decedent of $95,000 and a fair market value of $50,000 on August 4, 2011, the date of the decedent’s death. The executor distributes the land to Kelly on November 12, 2011, at which time the fair market value is $49,000. The fair market value on February 4, 2012, is $45,000. In filing the estate tax return, the executor elects the alternate valuation date. Kelly sells the land on June 10, 2012, for $48,000. What is her recognized gain or loss?(3pts)($1,000).($2,000).($47,000).$1,000.None of the above.
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Kelly Is A 13 Year Old Girl Who Is Being Evaluated Because Her Parents Are Very
/in Uncategorized /by developerKelly is a 13-year-old girl who is being evaluated because her parents are very concerned
about her sudden disinterest in school. She does not want to go to any social activities
and her grades have dropped markedly in the last several months. When considering
bullying as a cause of her behavior change, the PMHP considers that which type of
bullying is more common among girls?
A. Verbal
B. Physical
C. Relational
D. Cyber
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Kelly Owns All The Stock In Duncan Corp Her Duncan Stock Has A Basis Of 120 000
/in Uncategorized /by developerKelly owns all the stock in Duncan Corp. Her Duncan stock has a basis of $120,000 and a fair market value of $150,000. Duncan Corp. is merged into Munro Cop. Pursuant to the reorganization, Kelly receive Munro preferred stock worth $50,000 and Munro common stock worth $100,000 in exchange for her Duncan Corp.
a. What is the amount and character of Kelly’s realized and recognized gain
b. What is Kelly’s tax basis for her Munro Corp. preferred stock and common stock
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Kelly Pitney Began Her Consulting Business Kelly Consulting On April 1 2010 Duri
/in Uncategorized /by developerKelly Pitney began her consulting business, Kelly Consulting, on April 1, 2010. During May, Kelly Consulting entered into the following transactions:May 3. Received cash from clients as an advance payment for services to be provided and recorded it as a credit to unearned fees, $2,500. Received cash from clients on account, $1,750. Paid cash for a newspaper advertisement, $300.13. Paid Office Station Co. for part of the debt incurred on April 5, $400. Recorded services provided on account for the period May 1-15, $6,100. Paid part-time receptionist for two weeks’ salary including the $120 owed on April 30, $750. Debit the Salaries Payable for the $120 owed. 17. Recorded cash from cash clients for fees earned during the period May 1-16, $8,200.20. Purchased supplies on account, $400.21. Recorded services provided on account for the period May 16-20, $3,900.25. Recorded cash from cash clients for fees earned for the period May 17-23, $5,100.27. Received cash from clients on account, $9,500.28. Paid part-time receptionist for two weeks’ salary, $750.30. Paid telephone bill for May, $120.31. Paid electricity bill May, $290.31. Recorded cash from cash clients for fees earned for the period May 26-31, $3,875.31. Recorded services provided on account for the remainder of May, $3,200.30. Kelly withdrew $8,000 for personal use.Instructions:1. Journalize and post each transaction presented above, referring to the following chart of accounts in selecting the accounts to be debited and credited. (See K & A Getting Started icon for help starting this problem.) 31 Kelly Pitney, Capital32 Kelly Pitney, Drawing33 Income Summary41 Fees Earned51 Salary Expense52 Rent Expense53 Supplies Expense54 Depreciation Expense55 Insurance Expense59 Miscellaneous Expense2. Prepare a trail balance as of May 31, 2010. (Check with Comp Prob 1 – Trial Balance) 3. Journalize and post the adjusting entries in the General Journal. a. Insurance expired during May is $300b. Supplies on hand on May 31 are $600.c. Depreciation of office equipment for May is $330.d. Accrued receptionist salary on May 31 is $240e. Rent expired during May is $1,600.$3,000)4. Prepare an income statement, a statement of owner’s equity, and a balance sheet.5. Journalize and post the closing entries in the General Journal.6. Prepare a post-closing trial balance.When finished, please submit to the instructor one copy of the Journal; the Trial Balance before adjustments; the Income Statement; the Statement of Owner’s Equity; and the Balance Sheet.
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