HCS 380 Week 1 WileyPLUS (Ex 1-15, Ex Problem 1-3A, Ex 2-1, Ex 2-5, Problem 2-3A)

HCS 380 Week 1 WileyPLUS (Ex 1-15, Ex Problem 1-3A, Ex 2-1, Ex 2-5, Problem 2-3A)

Complete the assigned exercises in WileyPLUS.

Excel Exercise 1-15
Excel Problem 1-3A
Exercise 2-1
Exercise 2-5
Problem 2-3A
Problem 2-2A

You should see the following assignments that are due for a grade:
Chapter 1 – Excel assignment;
Chapter 2 – Homework assignment – wileyplus prepare excel sheet
Chapter 2 – Problems  — prepare excel sheet
NOTE:  Assignment must be completed by Due Date.  

E1-15
Classify items as assets, liabilities, and stockholders’ equity, and prepare accounting equation
Suppose the following items were taken from the balance sheet of Nike, Inc. (All items are in millions.)

1.         Cash    $2,291.1                      7.         Inventory        $2,357.0
2.         Accounts receivable    2,883.9                        8.         Income taxes payable  86.3
3.         Common stock            2,874.2                        9.         Equipment       1,957.7
4.         Notes payable 342.9               10.       Retained earnings       5,818.9
5.         Buildings         3,759.9                        11.       Accounts payable        2,815.8
6.         Mortgage payable       1,311.5

Instructions
(a)        Classify each of these items as an asset, liability, or stockholders’ equity and determine the total
dollar amount for each classification.
(b)        Determine Nike’s accounting equation by calculating the value of total assets, total liabilities, and
total stockholders’ equity.
(c )       To what extent does Nike rely on debt versus equity financing?
NOTE:  Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?”

Important information for writing discussion questions and participation

Welcome to class

Hello class and welcome to the class and I will be your instructor for this course. This is a -week course and requires alot of time commitment, organization, and a high level of dedication. Please use the class syllabus to guide you through all the assignments required for the course. I have also attached the classroom policies to this announcement to know your expectations for this course. Please review this document carefully and ask me any questions if you do. You could email me at any time or send me a message via the “message” icon in halo if you need to contact me. I check my email regularly, so you should get a response within 24 hours. If you have not heard from me within 24 hours and need to contact me urgently, please send a follow up text to

I strongly encourage that you do not wait until the very last minute to complete your assignments. Your assignments in weeks 4 and 5 require early planning as you would need to present a teaching plan and interview a community health provider. I advise you look at the requirements for these assignments at the beginning of the course and plan accordingly. I have posted the YouTube link that explains all the class assignments in detail. It is required that you watch this 32-minute video as the assignments from week 3 through 5 require that you follow the instructions to the letter to succeed. Failure to complete these assignments according to instructions might lead to a zero. After watching the video, please schedule a one-on-one with me to discuss your topic for your project by the second week of class. Use this link to schedule a 15-minute session. Please, call me at the time of your appointment on my number. Please note that I will NOT call you.

Please, be advised I do NOT accept any assignments by email. If you are having technical issues with uploading an assignment, contact the technical department and inform me of the issue. If you have any issues that would prevent you from getting your assignments to me by the deadline, please inform me to request a possible extension. Note that working fulltime or overtime is no excuse for late assignments. There is a 5%-point deduction for every day your assignment is late. This only applies to approved extensions. Late assignments will not be accepted.

If you think you would be needing accommodations due to any reasons, please contact the appropriate department to request accommodations.

Plagiarism is highly prohibited. Please ensure you are citing your sources correctly using APA 7th edition. All assignments including discussion posts should be formatted in APA with the appropriate spacing, font, margin, and indents. Any papers not well formatted would be returned back to you, hence, I advise you review APA formatting style. I have attached a sample paper in APA format and will also post sample discussion responses in subsequent announcements.

Your initial discussion post should be a minimum of 200 words and response posts should be a minimum of 150 words. Be advised that I grade based on quality and not necessarily the number of words you post. A minimum of TWO references should be used for your initial post. For your response post, you do not need references as personal experiences would count as response posts. If you however cite anything from the literature for your response post, it is required that you cite your reference. You should include a minimum of THREE references for papers in this course. Please note that references should be no more than 5 years old except recommended as a resource for the class. Furthermore, for each discussion board question, you need ONE initial substantive response and TWO substantive responses to either your classmates or your instructor for a total of THREE responses. There are TWO discussion questions each week, hence, you need a total minimum of SIX discussion posts for each week. I usually post a discussion question each week. You could also respond to these as it would count towards your required SIX discussion posts for the week.

I understand this is a lot of information to cover in 5 weeks, however, the Bible says in Philippians 4:13 that we can do all things through Christ that strengthens us. Even in times like this, we are encouraged by God’s word that we have that ability in us to succeed with His strength. I pray that each and every one of you receives strength for this course and life generally as we navigate through this pandemic that is shaking our world today. Relax and enjoy the course!

Hi Class,

Please read through the following information on writing a Discussion question response and participation posts.

Contact me if you have any questions.

Important information on Writing a Discussion Question

• Your response needs to be a minimum of 150 words (not including your list of references)
• There needs to be at least TWO references with ONE being a peer reviewed professional journal article.
• Include in-text citations in your response
• Do not include quotes—instead summarize and paraphrase the information
• Follow APA-7th edition
• Points will be deducted if the above is not followed

Participation –replies to your classmates or instructor

• A minimum of 6 responses per week, on at least 3 days of the week.
• Each response needs at least ONE reference with citations—best if it is a peer reviewed journal article
• Each response needs to be at least 75 words in length (does not include your list of references)
• Responses need to be substantive by bringing information to the discussion or further enhance the discussion. Responses of “I agree” or “great post” does not count for the word count.
• Follow APA 7th edition
• Points will be deducted if the above is not followed

• Remember to use and follow APA-7th edition for all weekly assignments, discussion questions, and participation points.
• Here are some helpful links
• The is a great resource

 

 

P1-3A
Prepare an income statement, retained earnings statement and balance sheet; discuss results
On June 1, Hightower Service Co. was started with an initial investment in the company of $22,100 cash.
Here are the assets, liabilities, and common stock of the company at June 30, and the revenues and
expenses for the month of June, its first month of operations:

Cash    $4,600             Notes payable $12,000
Accounts receivable    4,000               Accounts payable        500
Service revenue           7,500               Supplies expense         1,000
Supplies           2,400               Maintenance and repairs expense       600
Advertising expense   400                  Utilities expense          300
Equipment       26,000             Salaries and wages expense    1,400
Common Stock           22,100

In June, the company issued no additional stock but paid dividends of $1,400.

Instructions
(a)        Prepare an income statement and retained earnings statement for the month of June and a balance sheet
at June 30, 2014.
(b)        Briefly discuss whether the company’s first month of operations was a success.
(c )       Discuss the company’s decision to distribute a dividend.
NOTE:  Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?” .

 

Exercise 2-1

Classify each of the following financial statement items taken from Mordica Corporation’s balance sheet.

                                                            Accounts payable
Accounts receivable
Entry field with incorrect answer       Accumulated depreciation—equipment
Buildings
Cash
Interest payable
Goodwill
Income taxes payable
Inventory
Stock investments (to be
Land (in use)
Mortgage payable
Supplies
Equipment
Prepaid rent

Exercise 2-5
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These items are taken from the financial statements of Donavan Co. at December 31, 2014.
Buildings

$121,035
Accounts receivable

14,414
Prepaid insurance

3,661
Cash

13,545
Equipment

94,266
Land

70,013
Insurance expense

892
Depreciation expense

6,063
Interest expense

2,974
Common stock

68,640
Retained earnings (January 1, 2014)

45,760
Accumulated depreciation—buildings

52,166
Accounts payable

10,868
Notes payable

107,078
Accumulated depreciation—equipment

21,416
Interest payable

4,118
Service revenue

16,817

Problem 2-3A

You are provided with the following information for Ramirez Enterprises, effective as of its April 30, 2014, year-end.
Accounts payable

$ 868
Accounts receivable

918
Accumulated depreciation—equipment

670
Cash

1,378
Common stock

1,224
Cost of goods sold

1,094
Depreciation expense

301
Dividends

359
Equipment

2,528
Income tax expense

199
Income taxes payable

169
Insurance expense

244
Interest expense

434
Inventory

1,075
Land

3,208
Mortgage payable

3,608
Notes payable

169
Prepaid insurance

94
Retained earnings (beginning)

1,600
Salaries and wages expense

666
Salaries and wages payable

256
Sales revenue

5,208
Stock investments (short-term)

1,274
Prepare an income statement for Ramirez Enterprises for the year ended April 30, 2014.

Problem 2-2A

These items are taken from the financial statements of Tresh Corporation for 2014.
Retained earnings (beginning of year)

$34,462
Utilities expense

2,128
Equipment

69,462
Accounts payable

23,048
Cash

12,343
Salaries and wages payable

4,884
Common stock

12,000
Dividends

12,000
Service revenue

71,415
Prepaid insurance

5,384
Maintenance and repairs expense

1,672
Depreciation expense

3,189
Accounts receivable

16,448
Insurance expense

2,611
Salaries and wages expense

40,415
Accumulated depreciation—equipment

19,843