Amsterdam Company Essay Example for Free

Amsterdam Company Essay Question 2 Presented below is information related to Rembrandt Inc.s inventory. (per unit)SkisBootsParkas Historical Cost273.79152.7576.37 Selling Price312.70208.95106.27 Cost to distribute27.3811.533.60 Current replacement cost292.52151.3173.49 Normal profit margin46.1141.7930.62 Determine the following: Question 3 Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 67 units that cost $40 each. During June, the company purchased 202 units at $40 each, returned 8 units for credit, and sold 168 units at $67 each. Journalize the June transactions. Question 4 Amsterdam Company uses a periodic inventory system. For April, when the company sold 700 units, the following information is available. Compute the April 30 inventory and the April cost of goods sold using the average cost method. Question 5 Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Question 6 (FIFO, LIFO, Average Cost Inventory) Esplanade Company was formed on December 1, 2011. The following information is available from Esplanades inventory records for Product BAP. PurchasesUnitsUnit Cost January 1, 2012(beginning inventory)7628.00 January 5, 20121,5249.00 January 25, 20121,65110.00 February 16, 20121,06111.00 March 26, 201276212.00 A physical inventory on March 31, 2012, shows 2,032 units on hand. Prepare schedules to compute the ending inventory at March 31, 2012, under each of the following inventory methods. Assume Esplanade Company uses the periodic inventory method. Question 7 Floyd Corporation has the following four items in its ending inventory. Determine the final lower of cost or market inventory value for each item. Question 8 Kumar Inc. uses a perpetual inventory system. At January 1, 2013, inventory was $320,786 at both cost and market value. At December 31, 2013, the inventory was $428,714 at cost and $403,231 at market value. Prepare the necessary December 31 entry under: Question 9 Boyne Inc. had beginning inventory of $15,000 at cost and $25,000 at retail. Net purchases were $150,000 at cost and $212,500 at retail. Net markups were $12,500; net markdowns were $8,750; and sales were $196,250. Compute ending inventory at cost using the conventional retail method. Question 10 (Gross Profit Method) Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of  May. Question 11 Previn Brothers Inc. purchased land at a price of $30,400. Closing costs were $1,820. An old building was removed at a cost of $14,850. What amount should be recorded as the cost of the land? Question 12 Garcia Corporation purchased a truck by issuing an $108,000, 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck. Question 13 Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $352,800. The estimated fair values of the assets are land $67,200, building $246,400, and equipment $89,600. At what amounts should each of the three assets be recorded? Question 14 Fielder Company obtained land by issuing 2,000 shares of its $12 par value common stock. The land was recently appraised at $103,700. The common stock is actively traded at $50 per share. Prepare the journal entry to record the acquisition of the land. Question 15 Navajo Corporation traded a used truck (cost $23,600, accumulated depreciation $21,240) for a small computer worth $4,366. Navajo also paid $1,180 in the transaction. Prepare the journal entry to record the exchange. Question 16 Mehta Company traded a used welding machine (cost $10,080, accumulated depreciation $3,360) for office equipment with an estimated fair value of $5,600. Mehta also paid $3,360 cash in the transaction. Prepare the journal entry to record the exchange. Question 17 Depreciation is normally computed on the basis of the nearest A). full month and to the nearest dollar. B). day and to the nearest cent. C). day and to the nearest dollar. D). full month and to the nearest cent. Question 18 Fernandez Corporation purchased a truck at the beginning of 2012 for $54,180. The truck is estimated to have a salvage value of $2,580 and a useful life of 206,400 miles. It was driven 29,670 miles in 2012 and 39,990 miles in 2013. Compute depreciation expense for 2012 and 2013. Question 19 Lockhard Company purchased machinery on January 1, 2012, for $79,200. The machinery is estimated to have a salvage value of $7,920 after a useful life of 8 years. (a) Compute 2012 depreciation expense using the double-declining balance method. (b) Compute 2012 depreciation expense using the double-declining balance method assuming the machinery was purchased on October 1, 2012. Question 20 Jurassic Company owns machinery that cost $1,145,700 and has accumulated depreciation of $458,280. The expected future net cash flows from the use of the asset are expected to be $636,500. The fair value of the equipment is $509,200. Prepare the journal entry, if any, to record the impairment loss. Question 21 Everly Corporation acquires a coal mine at a cost of $501,600. Intangible development costs total $125,400. After extraction has occurred, Everly must restore the property (estimated fair value of the obligation is $100,320), after which it can be sold for $200,640. Everly estimates that 5,016 tons of coal can be extracted. If 878 tons are extracted the first year, prepare the journal entry to record depletion. Question 22 Francis Corporation purchased an asset at a cost of $58,200 on March 1, 2012. The asset has a useful life of 8 years and a salvage value of $5,820. For tax purposes, the MACRS class life is 5 years. Compute tax depreciation for each year 2012–2017. Question 23 Celine Dion Corporation purchases a patent from Salmon Company on January 1, 2012, for $50,820. The patent has a remaining legal life of 16 years. Celine Dion feels the patent will be useful for 10 years. Prepare Celine Dions journal entries to record the purchase of the patent and 2012 amortization. Question 24 Karen Austin Corporation has capitalized software costs of $768,500, and sales of this product the first year totaled $390,630. Karen Austin anticipates earning $911,470 in additional future revenues from this product, which is estimated to have an economic life of 4 years. Compute the amount of software cost amortization for the first year. (a) Compute the amount of software cost amortization for the first year using the percent of revenue approach. (b) Compute the amount of software cost amortization for the first year using the straight-line approach. Question 25 Jeff Beck is a farmer who owns land which borders on the right-of-way of the Northern Railroad. On August 10, 2012, due to the admitted negligence of the Railroad, hay on the farm was set on fire and burned. Beck had had a dispute with the Railroad for several years concerning the ownership of a small parcel of land. The representative of the Railroad has offered to assign any rights which the Railroad may have in the land to Beck in exchange for a release of his right to reimbursement for the loss he has sustained from the fire. Beck appears inclined to accept the Railroads offer. The Railroads 2012 financial statements should include the following related to the incident: A). recognition of a loss only. B). creation of a liability only. C). disclosure in note form only. D). recognition of a loss and creation of a liability for the value of the land. Question 26 Roley Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. On July 1, Roley purchased $66,000 of inventory, terms 2/10, n/30, FOB shipping point. Roley paid freight costs of $1,210. On July 3, Roley returned damaged goods and received credit of $6,600. On July 10, Roley paid for the goods. Prepare all necessary journal entries for Roley. Question 27 Takemoto Corporation borrowed $93,000 on November 1, 2012, by signing a $95,093, 3-month, zero-interest-bearing note. Prepare Takemotos November 1, 2012, entry; the December 31, 2012, annual adjusting entry; and the February 1, 2013, entry. (For multiple debit/credit en tries, list amounts from largest to smallest, e.g. 10, 8, 6. Round all answers to 0 decimal places, e.g. 11,150.) Question 28 Whiteside Corporation issues $629,000 of 9% bonds, due in 14 years, with interest payable semiannually. At the time of issue, the annual market rate for such bonds is 10%. Compute the issue price of the bonds.(Use the present value tables in the text. Question 29 Indiana Jones Company enters into a 6-year lease of equipment on January 1, 2012, which requires 6 annual payments of $37,560 each, beginning January 1, 2012. In addition, the lessee guarantees a residual value of $20,870 at lease-end. The equipment has a useful life of 6 years. Assume that for Lost Ark Company, the lessor, collectibility is reasonably predictable, there are no important uncertainties concerning costs, and the carrying amount of the machinery is $191,722. Prepare Lost Arks January 1, 2012, journal entries. Question 30 On January 1, 2012, Irwin Animation sold a truck to Peete Finance for $26,050 and immediately leased it back. The truck was carried on Irwins books at $20,800. The term of the lease is 5 years, and title transfers to Irwin at lease-end. The lease requires five equal rental payments of $7,048 at the end of each year. The appropriate rate of interest is 11%, and the truck has a useful life of 5 years with no salvage value. Prepare Irwins 2012 journal entries.

All the Pretty Horses Essay -- All Pretty Horses Essays

All the Pretty Horses John Grady is not your average cowboy. All the Pretty Horses is not your typical coming-of-age story. This is an honest tale. Cormac McCarthy follows John Grady as he embarks on his journey of self-discovery across the border. Armed with a few pesos in his pocket, a strong horse and a friend at his side, John Grady thinks he’s ready to take on the Wild West of Mexico. At their final steps in America, a stranger, aged thirteen, joins our heroes. This unexpected variable named Blevins challenges John Grady, testing his character and pushing him to uncomfortable limits. The dynamic of their relationship reveals John Grady’s capacity to care for others as he shelters this kid from the hardships of reality and the foolhardiness of youth. The journey into Mexico demonstrates his readiness to be recognized as a man, but when the critical moment arrives, John Grady’s will fails to meet unforeseen demands. His inability to speak at this crucial juncture acts as a mirror f or self-reflection, returning him to the beginning. Coming out of the horizon, Blevins approaches John Grady and his comrade, Rawlins, uninvited. John Grady poses half a dozen pointed questions, deliberately accusing Blevins of lying. His eyes study Blevins, calmly taking in the stranger. He doesn’t ask for an explanation or the details of his trip nor does he offer Blevins companionship. â€Å"Is that your hat? he said† (40), suggesting Blevins isn’t a legitimate cowboy, let alone a man. John Grady subtly establishes himself as the power to be reckoned with, the superior cowboy. His assertion is self-serving, a justification to himself that he is capable of the journey ahead. It’s also a demonstration for Rawlins’ sake, to assure him that they are... ...s, the boundaries of his emotional strength. John Grady could not speak on behalf of Blevins because he is not ready to let go of his youthful innocence. The mantle of responsibility is too heavy to bear. Blevins haunts John Grady’s mind. Beautiful daydreams of Alejandra transform themselves into thoughts of Blevins, but he never voices his guilt—until he returns to America. John Grady’s remorse manifests itself in a dogged determination to return Blevins’ horse to his family in America. Through this tangible form of repentance, John Grady is proving to himself that he’s capable of doing Blevins’ memory a final justice. His dream of Mexico is no longer a possibility, defeated by his conscience. He earnestly recognizes his need to start over and return to America. John Grady may have failed his initial adventure, but he came out of Mexico a stronger person for it. All the Pretty Horses Essay -- All Pretty Horses Essays All the Pretty Horses John Grady is not your average cowboy. All the Pretty Horses is not your typical coming-of-age story. This is an honest tale. Cormac McCarthy follows John Grady as he embarks on his journey of self-discovery across the border. Armed with a few pesos in his pocket, a strong horse and a friend at his side, John Grady thinks he’s ready to take on the Wild West of Mexico. At their final steps in America, a stranger, aged thirteen, joins our heroes. This unexpected variable named Blevins challenges John Grady, testing his character and pushing him to uncomfortable limits. The dynamic of their relationship reveals John Grady’s capacity to care for others as he shelters this kid from the hardships of reality and the foolhardiness of youth. The journey into Mexico demonstrates his readiness to be recognized as a man, but when the critical moment arrives, John Grady’s will fails to meet unforeseen demands. His inability to speak at this crucial juncture acts as a mirror f or self-reflection, returning him to the beginning. Coming out of the horizon, Blevins approaches John Grady and his comrade, Rawlins, uninvited. John Grady poses half a dozen pointed questions, deliberately accusing Blevins of lying. His eyes study Blevins, calmly taking in the stranger. He doesn’t ask for an explanation or the details of his trip nor does he offer Blevins companionship. â€Å"Is that your hat? he said† (40), suggesting Blevins isn’t a legitimate cowboy, let alone a man. John Grady subtly establishes himself as the power to be reckoned with, the superior cowboy. His assertion is self-serving, a justification to himself that he is capable of the journey ahead. It’s also a demonstration for Rawlins’ sake, to assure him that they are... ...s, the boundaries of his emotional strength. John Grady could not speak on behalf of Blevins because he is not ready to let go of his youthful innocence. The mantle of responsibility is too heavy to bear. Blevins haunts John Grady’s mind. Beautiful daydreams of Alejandra transform themselves into thoughts of Blevins, but he never voices his guilt—until he returns to America. John Grady’s remorse manifests itself in a dogged determination to return Blevins’ horse to his family in America. Through this tangible form of repentance, John Grady is proving to himself that he’s capable of doing Blevins’ memory a final justice. His dream of Mexico is no longer a possibility, defeated by his conscience. He earnestly recognizes his need to start over and return to America. John Grady may have failed his initial adventure, but he came out of Mexico a stronger person for it.

Nogo Railroad

Case Summary: NoGo Railroad Dave Keller a chief dispatcher with limited managerial experience has gotten a major promotion, making him the communication manager of the division. However this promotion has come with numerous problems. Because of NoGo Railroads unique operations it has had little to no competition and no compelling reason to modernize operations, but that is about to change as Dave has been given the mandate to observe different job functions, eliminate obsolete practices and modernize wherever possible.With rumors running rampant through the organization of layoffs and job function changes, as well as previous failed attempts to implement other job changes similar to what management is again trying to implement, Dave realizes that he has a few problems ahead of him. With key problems being cutting employee costs and morale problems brought about by blatant nepotism and feather bedding, Dave believes that by eliminating these issues it would prevent major layoff for cl erks and telegraph operators.Both groups however would have to accept changes that would result in reduced compensation and possibly additional responsibilities for them all. With a firm backing from a Union that is known to be rigid against concessions in these areas Dave needs help from upper management that seems to not be forth coming. Coupled with his uncertainty about resistance action that may be taken by the group Dave is feeling vulnerable and apprehensive about his new job and is questioning the intent behind his promotion. Questions and Task Assignment 1.Identify and explain the changes you would make to the current employment arrangement? Sean Murray & Kemoy Miller 2. What strategies would you put in place to effectively manage the change? Explain the relationship between these strategies and the possible resistance to the changes. – Racheal Callaghan & Aundre Hamilton 3. Using the case as a reference point, explain the importance of change/change management, and discuss its relationship to effective organization management and performance. – Asha-Gaye Graham & David Rogers.Question 1: Changes to the Employment Arrangement (Insert answer here) Question 2: Resistance to Change and Management Strategies The inability of people to adapt to change is not new. Employees are not always receptive to change due to a combination of factors. Management may mitigate against high levels of change resistance by taking these factors into consideration and designing and implementing strategies to deal with issues that may arise. Some factors to consider are as follows: 1. Self Interest- Employees tend to resist a change they believe conflicts with their self-interests.A proposed change in job design, structure or technology may increase an employee’s workload, for example, or cause a real or perceived loss of power, prestige, pay or benefits. (Daft, 2012) This factor seems evident in the case of NoGo Railroads as a key source of disgruntlemen t for employees was the rumor that they may have to assume responsibilities outside of their job descriptions without an increase in compensation, as well as a general reduction of benefits with the changes in the contractual pay agreement. . Lack of Understanding or Trust- Employees often distrust the intentions behind a change or do not understand the intended purpose of a change. (Daft, 2012) Information about the changes that were to be implemented was far from free flowing and easily accessible. Instead rumors, whether true or untrue took main precedent and resulted in increased levels of distrust as employees were not fully aware of the reasons for the need for change and the actions that were to take place at NoGo. 3.Uncertainty- Uncertainty is a lack of information about future events and represents a fear of the unknown. It is especially threatening for employees who have a low tolerance for change and a fear of anything outside of the ordinary. They do not know how a chang e will affect them and worry about whether they will be able to meet the demands of a new procedure or technology. (Daft, 2012) Poor access to good information lead to low trust levels of trust and also uncertainty which only increased NoGo’s employees’ resistance to change. . Different Assessment and Goals- Another reason for resistance in change is that people who will be affected by a change or innovation may access the situation differently from an idea champion i. e. in individual or group leading the change movement. (Daft, 2012) In response to these factors one may choose to either conduct a force field analysis of the situation, which involves â€Å"weighing† the driving forces (problems or motivations that provide motivation for change) against the restraining forces (various barriers to change).Another approach would be to adopt specific tactics to overcome resistance depending on the main factors causing the resistance. Some strategies include: * Comm unication and education, which essentially is the attempt to overcome uncertainty and lack of understanding by providing free flowing access to accurate and clear information about the change and its results. * Participation, which involves including stakeholders of the change into the change process in order to have them understand and commit to the change. Negotiation, or the use of formal bargaining to win acceptance and approval for a desired change * Coercion, and the use of formal powers by managers to force the change on employees * And finally, top management support, that sees top executives reinforcing the importance of innovation both verbally and symbolically which signals to employees that the changes is important for the entire organization. In the case of NoGo the most effective strategies would be a combination of four of the specific tactics, namely Communication and education, participation, negotiation and top management support.Communication and education would b e used to tackle the issues of distrust and uncertainty. By clearly informing employees of the objectives of the exercise, outlining the actions that are to take place and the benefits of these actions, all employees will be on the same page and dialogue that would ensue between management and the employees could be used to provide clarification and reassurance to employees where necessary, reducing the chances of conflict. After educating employees on the change that is to take place having them participate in the change would be the next step. By including them in the ecision making where necessary would mean they would be more vested in the project and less likely to reject something they helped build. Because of the role of the unions in employee affairs negotiations would be a must as a part of NoGo’s change implementation process, especially in regards to the pay contract. By coming to a mutually acceptable decision, conflicts are exceedingly avoidable. Finally after wo rking to get employees vested in the change process it is important to now reinforce the importance of the drive for this change by top management showing their support for the initiative.This would assure employees that this process is indeed an organizational wide one, and everyone is vested in the effort and its challenges and successes. Question 3: Change Management and Effective Organizational Management NOGO Railroad has experienced little to no competition over the years. A need for change was identified by Dave Keller the Communications. Change Management will modify and transform the organization so as to facilitate efficiency and performance.Change is crucial to an organization’s survival, as it allows the organization to survive in a dynamic environment. Change is important as it allows an organization to able to be flexible and develop/maintain an organic structure. To achieve this NOGO Railroad will need to conduct an Organizational Development intervention. This intervention will include activities such as: team building, inter-group educational and training, structural, interpersonal, coaching and career planning and organizational transformation.With these activities the culture and structure of the organization will change in such a way, which will improve the productivity of the organization, lower absenteeism, increase loyalty, lower human resource cost with the added implementation and enforcement of proper human resource policies. Reference Daft, R. (2012). New Era of Management. 10th Edition. South- Western: Cengage Learning. Hayes. J,(2002) The Theory and Practice of Change Management. MacMillian Holbeche. L,(2006) Understanding Change: Theory, Implementation and Success. Oxford: Butterworth-Heinemann.

Example Sentences of the Verb Bring for ESL Learners

This page provides example sentences of the verb bring in all tenses in English. Study examples of positive and negative sentences, as well as questions. Make sure   Infinitive: To Bring Use the infinitive form to bring when combining with verbs that take infinitives as an object: She hopes to bring that up at the meeting. Base Form: bring Use the base form bring together with helping verbs in the present simple, past simple, and future simple: Do you usually bring your homework to class?They didnt bring any news of the situation.They wont bring anything to eat. Past Simple: brought Use the past simple brought in positive sentences with the past simple: Peter brought his racket last weekend.   Past Participle: brought Use the past participle brought in past, present, and future perfect forms: Hes brought a number of friends to the party. They hadnt brought anything to eat, so they went out.She will have brought enough food for everyone. Present Participle: bringing Use the present participle, or ing form, for present, past, and future continuous tenses, as well as for all perfect continuous tenses: Shes bringing the drinks tonight.Tom was bringing up the idea when she interrupted him.They have been bringing a lot of new information to the discussion. Each of these forms is used with different tenses. Bring is an irregular verb and should be memorized.   Present Simple She often brings friends to work.How often do they bring their children to work?Peter doesnt usually bring anything for lunch. Present Continuous Mary is bringing Jack to the party. Why are they bringing up that topic?We arent bringing our friends to the show.   Present Perfect I havent brought much food today.How much money have they brought to the table?She hasnt brought any homework with her. Present Perfect Continuous She has been bringing her friends along for years.How long have you been bringing up that topic?They havent been bringing much to our potluck lately. Past Simple Alice brought a new friend to the party.When did you bring that subject up with him?She didnt bring any luggage with her last weekend. Past Continuous I was bringing out the present when she burst into the room.What were you bringing up when he interrupted you?He wasnt bringing about any change when they let him go. Past Perfect The others had brought the food before they arrived.How many books had you brought to the study session?She hadnt brought up that topic until you mentioned it.   Past Perfect Continuous She had been bringing different friends to work for years before her boss told her to stop.How long had they been bringing their lunch to work before they started eating in the cafeteria?She hadnt been bringing many friends around when he asked her to stop bringing anyone.   Future (Will) Janice will bring the dessert.What will you bring to the party?She wont bring that up at the meeting.   Future (Going to) I am going to bring the drinks to the party.When are you going to bring your friends around for a visit?They arent going to bring her instrument to the concert.   Future Continuous This time next week we will be bringing about a number of changes.What will you be bringing up at the next meeting?She wont be bringing anything to eat, so were going out.   Future Perfect They will have brought enough food by six oclock.How many times will you have brought a dessert by the end of the year?We wont have brought enough steaks, so Ill go shopping. To continue learning, make sure you study other irregular verbs and practice using a variety of tenses. Continue your focus on irregular verbs and practice using a variety of tenses. Continue your focus on bring with the following quiz. Bring Quiz Use the verb bring in the correct tense in the sentences below: I __________  the cake to the party before he arrived.We  __________  the product out twenty years ago.Who  __________ the wine to the party?I think Tom  __________ his girlfriend to the party, but Im not sure.Alex always  __________  work home with him.She ______________ up the topic when he rudely interrupted.They  __________  many friends to dinner since they moved here two years ago.Susan ____________ a few friends over before I arrived.She  __________ the list right now. Dont worry.My neighbor  _______ up a few topics at the meeting last week.   Answers: had broughtbroughtwill bring/is going to bringwill bringbringswas bringinghave brought  had brought  is bringingbrought