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2. ACCT 216 All homework and final For more course tutorials visit www.uophelp.com ACCT 216 Week 1 Homework ( v 1) ACCT 216 Week 1 Homework ( v 2) ACCT 216 Week 2 Homework ACCT 216 Week 3 Homework ACCT 216 Week 4 Homework ACCT 216 Week 1 Homework (v 1) For more course tutorials visit www.uophelp.com 1.Please write a four-to- six sentence paragraph on the follow ing question. Good business and acc ounting practices require the exercis e of good judgment. How should eth ics be incorporated into making acco unting judgments? Why is ethics imp ortant? 2.Tammy Shot is a realtor. She organi zed her business, called TS Realty, as a corporation on April 1, 2013. Tam my started the business by depositin g $85,000 in cash into the business b ank account and issued herself com mon stock. Consider the following fa cts as of April 30, 2013:

3. ACCT 216 Week 1 Homework (v 2) For more course tutorials visit www.uophelp.com 1.Please write a four-to- six sentence paragraph on the followi ng question. Good business and acco unting practices require the exercise of good judgment. How should ethics be incorporated in to making accounting judgments? Wh y is ethics important? ACCT 216 Week 2 Homework For more course tutorials visit www.uophelp.com 1. Please write a 4- 6 sentence paragraph on the following qu estion. Describe each of the 4 basic financi al statements. What is the relationship bet ween them? 2. During the first month of operations (M arch 2011) Jerry Enterprises completed th e following selected transactions: a.The business received $12,000 in cash an d a building valued at $52,000.

4. ACCT 216 Week 3 Homework For more course tutorials visit www.uophelp.com ACCT216 Week 3 Homework 1.Classify the following item s as (a) an addition to the ba nk balance, (b) a subtraction from the bank balance, (c) an addition to the book bala nce, or (d) a subtraction fro m the book balance: 2.During 2013, Jimmy Enter prises completed the followi ng transactions ACCT 216 Week 4 Homework For more course tutorials visit www.uophelp.com Homework scenario Suppose Robotics, Inc.’s inve ntory records for a particula r item indicated the followin g transactions in September : September 1 Beginning Inventory 10 units @ $29 September 9 Purchase 18 units @ $32

5. ACCT 216 Week 5 Homework A For more course tutorials visit www.uophelp.com Suppose the Atlanta Falcons purchased a new set of goal posts for $20,000 each. Th e Falcons expect the goal posts to have a u seful life of five years and a salvage value of $1,000 each when they sell them to a lo cal high school. Required: 1. Compute the first years depreciation usi ng the following methods: ACCT 216 Week 5 Homework B For more course tutorials visit www.uophelp.com Suppose the Colorado Avalanche pur chased a new Zamboni machine to sc rape the ice off the rink between peri ods. The Zamboni cost $100,000 and has a useful life of three years and a r esidual value of $5,000 when it is sol d to a minor league hockey team. The Zamboni is anticipated to drive 352 miles the first year, 375 miles the sec ond year, and 435 miles the third yea r when the team anticipates winning the Stanley Cup. Required: 1.Compute the first years depreciatio n using the following methods:

6. ACCT 216 Week 6 Homework A For more course tutorials visit www.uophelp.com During August 2013, DB Inc. complet ed the following transactions: a.8/1/13 – Purchased a new piece of equipment for $50,000 signing a 6 month, 8% no te payable. b.8/10/13 – Issued 15,000 shares of $2.00 par sto ck at $8.00 per share. ACCT 216 Week 6 Homework B For more course tutorials visit www.uophelp.com During March 2013, JZ Inc. completed the following transactions: a.3/1/13 – Purchased a new piece of equipment for $75,000 signing a 6 month, 7% no te payable. b.3/10/13 – Issued 10,000 shares of $2.00 par sto ck at $9.00 per share.

7. ACCT 216 Week 7 Homework A For more course tutorials visit www.uophelp.com 1. Please write a 4- 6 sentence paragraph on the followin g questions. a.What is the difference between an exempt and non-exempt employee? b.How would you decide whether to hire someone as an employee or inde pendent contractor? 2.Cindy Lou makes $30,000 per year a s an exempt employee. She worked 1 5 hours of overtime in the month of S eptember. Payday for wages earned i n the month of ACCT 216 Week 7 Homework B For more course tutorials visit www.uophelp.com 1. Please write a 4- 6 sentence paragraph on the followin g questions. a.Describe the three federal filing req uirements for a company at the end o f the year. b.What is the difference between For m 940 and Form 941?

8. ACCT 216 Week 7 Homework For more course tutorials visit www.uophelp.com Week 7 Homework 1. Please write a four-to- six sentence paragraph on the followi ng questions. a.What is the difference between an exempt and non-exempt employee? b.How would you decide whether to hire someone as an employee or inde pendent contractor? ACCT 216 Week 8 Final Exam New For more course tutorials visit www.uophelp.com 1. (TCO 1) Which statement(s) summ arizes the revenues and expenses of a n entity? (Points : 6) Question 2.2. (TCO 1) Assets appear o n the (Points : 6) Question 3.3. (TCO 2) Making a cash payment to settle a debt would inclu de a (Points : 6)

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