Midwest Advertising Agency handles advertising for clients under contracts that require the agency to develop advertising copy and layouts, as well as place advertisements in various media. The agency typically charges clients a commission of 15% of the media cost. The agency makes advance billings to its clients of the estimated media cost plus its 15% commission. Adjustments to these advances usually are small.
Frequently, both the billings and receipt of cash from these billings occur before the period in which the advertising actually appears in the media. A conference meeting is held between officers of the agency and the new firm of Certified Public Accountants (CPAs) recently engaged to perform annual audits. In this meeting, consideration is given to four possible points for measuring revenue:
- At the time the advanced billing is made
- When payment is received from the client
- In the month when the advertising appears in the media
- When the bill for advertising is received from the media, generally in the month following its appearance
The agency has been following the first method for the past several years, on the basis that a definite contract exists and the revenue is earned when billed. When the billing is made, an entry is prepared to record the estimated receivable and liability to the media. Estimated expenses related to the contract are also recorded. Adjusting entries are made later for any differences between the estimated and actual amounts.
As a member of the CPA firm attending this meeting, how would you react to the agency’s method of recognizing revenue? Discuss the strengths and weaknesses of each of the four methods of revenue recognition and indicate which one you would recommend the agency follow. Explain the reasons for your choice.
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Midtermwhat An Effective Community Oriented Policing Program Looks Likefor This
/in Uncategorized /by developerMidterm
What an Effective Community-Oriented Policing Program Looks Like
For this week’s assignment assume that you are a police chief in a medium size part urban, part suburban police department. There is no community-oriented policing effort in your town at this time but you want to start one. Create a scenario in which you develop a community-oriented policing policy and then list out detailed steps that would implement that policy. Your goal is to develop a robust, fully functioning program, tell us how you would get there.
Create a narrated PowerPoint presentation that contains at least 10 slides of content.
In your presentation, cite at least 2-3 references using the APA style guide format for in-text citation.
Only one reference may be found on the internet. The other references must be found in the library (this includes EBSCO Host and the Gale Criminal Justice Collection).
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Midwest Advertising Agency Handles Advertising For Clients Under Contracts That
/in Uncategorized /by developerMidwest Advertising Agency handles advertising for clients under contracts that require the agency to develop advertising copy and layouts, as well as place advertisements in various media. The agency typically charges clients a commission of 15% of the media cost. The agency makes advance billings to its clients of the estimated media cost plus its 15% commission. Adjustments to these advances usually are small.
Frequently, both the billings and receipt of cash from these billings occur before the period in which the advertising actually appears in the media. A conference meeting is held between officers of the agency and the new firm of Certified Public Accountants (CPAs) recently engaged to perform annual audits. In this meeting, consideration is given to four possible points for measuring revenue:
The agency has been following the first method for the past several years, on the basis that a definite contract exists and the revenue is earned when billed. When the billing is made, an entry is prepared to record the estimated receivable and liability to the media. Estimated expenses related to the contract are also recorded. Adjusting entries are made later for any differences between the estimated and actual amounts.
As a member of the CPA firm attending this meeting, how would you react to the agency’s method of recognizing revenue? Discuss the strengths and weaknesses of each of the four methods of revenue recognition and indicate which one you would recommend the agency follow. Explain the reasons for your choice.
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Midwest Education Inc Case Five Page Paper Is Required This Is The Last Homework
/in Uncategorized /by developerMidwest Education, Inc. Case Five page paper is requiredTHIS IS THE LAST HOMEWORK FOR HRMAfter reading the case and your readings in the textbook, answer the questions in detail. Answer the following: 1 Can Midwest education be selective in who it offers relocation benefits to. Explain.2 Are the employees of ETA who merged with the creative development division guaranteed positions at Midwest Education, or should they be treated as a pool of applicants? Explain3 Which of the three approaches should Midwest education use to select which manufacturing employees to keep? Is there a better method? Explain.4 Which de-cruitment method is best for a “quality” strategy? Explain.Right now my grade is 89.6%. If I get “A” in this final homework then my grade will be “A” that is what I’m hoping for. This is a major paper because it consists 30% of the grade for the semester.A special tip is waiting for you, if you get “A” on this homework.Thank you.
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Midwest Nut Company Produces Cans Of Mixed Nuts On A High Volume Assembly Line
/in Uncategorized /by developerMidwest Nut Company produces cans of mixed-nuts on a high volume assembly line. Using data of last two months, it established average and range control charts to monitor the can-weight (utilizing samples of 5 cans). The control limits of X-bar and R chart are respectively as follows:X-bar Chart: UCL = 4.25 and LCL = 3.75 and R Chart: UCL = 1.00 and LCL = 0A recent sample is: 3.7; 4.1; 3.8; 4.1; and 4.0.(a) Is the process still in control? (b) Why or why not? (Show all your calculations)
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Midyear On July 31st The Baldwin Corporation S Balance Sheet Reported Total Liab
/in Uncategorized /by developerMidyear on July 31st, the Baldwin Corporation’s balance sheet reported:
Total Liabilities of $101.560 million
Cash of $8.040 million
Total Assets of $164.354 million
Retained Earnings of $35.164 million.
What was the Baldwin Corporation’s common stock?
$105.998 million,$27.630 million,$35.670 million,$97.958 million?
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Midyear On July 31st The Digby Corporation S Balance Sheet Reported Total Assets
/in Uncategorized /by developerMidyear on July 31st, the Digby Corporation’s balance sheet reported:Total Assets of $216.239 millionTotal Common Stock of $6.350 millionCash of $10.050 millionRetained Earnings of $48.505 million. What were the Digby Corporation’s total liabilities? Select: 1 $167.734 million. $171.434 million. $161.384 million. $151.334 million.
Midyear on July 31st, the Digby Corporation’s balance sheet reported:Total Assets of $216.239 millionTotal Common Stock of $6.350 millionCash of $10.050 millionRetained Earnings of $48.505…
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Mike Accidentally Wrote A Check For More Than The Balance In His Checking Accoun
/in Uncategorized /by developerMike accidentally wrote a check for more than the balance in his checking account. The bank transferred money from his savings account to his checking account to cover the check. This banking service is _____.
-money order-direct deposit-transfer-overdraft protection
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Mike And Ryan Are Playing In A Rectangular Swimming Pool They Are At Opposite Co 1
/in Uncategorized /by developerMike and Ryan are playing in a rectangular swimming pool. They are at opposite corners of the pool, as shown in the following illustration.The length of the swimming pool is 12 feet, and the width is t feet less than the length. Which of the following equations can be used to calculate the values of t for which the distance between Mike and Ryan is 32 feet?
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Mike Cichanowski Founded Wenonah Conie And Later Purchased Current Designs A Com
/in Uncategorized /by developerMike Cichanowski founded Wenonah Conie, and later purchased Current Designs a company that designs and manufactures kayaks. The Kayak manufacturing facility is located just minutes from the conoe company’s headquarters in Winona, Minnesota. Current Designs makes Kayaks using two different processes. The rotational molding process uses high temperature to melt poyethylene powder in a closed rotating metal mold to produce a complete kayak hull and deck in a single piece. These kayaks are less labor intensive and less expensive for the company to produce and sell, Its other kayaks use the vacuum bagged composit lamination process. Layers of fiberglass or kevlar are carefully placed by hand in a mold and are bonded with resin. Then a high pressure vacuum is used to eliminate any excess resin that would otherwise add weight and reduce strength of the finished kayak. These kayaks require a great deal of skilled labor as each boat is individually finished. The exquisite finish of the vacuum bagged composite kayaks gave rise to Current Designs tag line “A work of art, made for life.” Current Designs has the following managers: Mike Cichanowski- CEO Diane Buswell- controller Deb Welch- purchasing manager Bill Johnson- Sales Manager Dave Thill- Kayak plant manager Rick Thrune- Production manager for Composite Kayaks What are the primary information needs of each manager? Name on special purpose managment accounting report that could be designed for each manager. Include the name of the report, the information that it would contain, and how frequently it should be issued. When diane buswell controller for current designs reviews the accounting records for a recent period, she noted the following items. Classify each item as a product cost, or a period cost. If an item is a product cost not that it is a direct materials, direct labor or manufacturing overhead item. Payroll check to Sales manager Payroll check to plant manager Property taxes on manufacturing plant paid to Winona County Property insurance for manufacturing plant paid to Winona agency Electricity bill for manufacturing plant Sales commissions Payroll check to kayak assembler shop supplies (brooms, paper towels) paid to Fastenal Polyethylene powder whis is the main ingrediat for the rotational molded kayaks paid to Ravango Kevlar favric for composite kayaks paid to North American Composites Waste managment- trash disposal for company office building bagging film used when kayaks are assembled- paid to Composite one
Questions: What are the primary information needs of each manager?
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Mike Consumes 20 Beers Every Month The Price Of A Beer Is 1 The Government Impos
/in Uncategorized /by developerMike consumes 20 beers every month. The price of a beer is $1. The government imposes an excise tax of $0.20 per beer and gives Mike an income tax credit of $4/month. Mike’s income is $I (choose any number over 30). Draw Mike’s budget lines before and after the excise tax and tax credit scheme. (Put AOG on the vertical axis and beer on the horizontal axis.)
AOG 20/PAOG BEER20 The number of beer is fixed and is equal to 20 regardless of income. Now if we take income to be $40.Before tax and credit, price of beer was $1 thus he will use $2o for beer….
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