Journal Entries


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4-5Grants are not necessarily recognized as revenue when they are awarded.Columbus City was awarded a state reimbursement grant of $150,000 to assist its adult literacy program. The following were significant events relating to the grant:a. The city, which is on a calendar year, was notified of the award in November 2012.b. During 2013 it expended $30,000 on the literacy program and was reimbursed for $20,000. It expected to receive the balance in January 2014.c. In 2014 it expended the remaining $120,000 and was reimbursed by the state for the $10,000 owing from 2013 and the amount spent in 2014.

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1. Prepare journal entries to record the events in a governmental fund.2. Suppose instead that the city received the entire $150,000 in cash at the time the award was announced in 2012. How much revenue should the city recognize in its governmental fund statements in each of the three years? Explain.3. Suppose that, instead of a reimbursement grant, the state awarded the city an unrestricted grant of $150,000, which the city elected to use to support the adult literacy program. The city received the entire $150,000 in cash at the time the award was announced in 2012. How much revenue should the city recognize in its governmental fund statements in each of the three years? Explain.4. Assume the same facts as for questions 1, 2, and 3. How much revenue should the city recognize in its government-wide statements for each of the three years? Explain.
4-6Sales taxes should be recognized when the underlying event takes place.A state requires “large” merchants (those with sales over a specified dollar amount) to report and remit their sales taxes within 15 days of the end of each month. It requires “small” merchants to report and remit their taxes within 15 days of the end of each quarter.In January 2013 large merchants remitted sales taxes of $400 million, owing to sales of December 2012. In February 2013 they remitted $280 million of sales taxes, owing to sales of January 2013. In January 2013 small merchants remitted sales taxes of $150 million, owing to sales of the fourth quarter of 2012.1. Prepare a journal entry to indicate the impact of the transactions on the state’s governmental fund financial statements for the year ending December 31, 2012.

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2. Suppose instead that 10% of the taxes received by the state were collected on behalf of a city within the state. It is the policy of the state to remit the taxes to the city 30 days after it receives them. Prepare a journal entry to indicate the impact of the transactions on the city’s governmental fund financial statements for the year ending December 31, 2012.3. Suppose instead that it is the policy of the state to remit the taxes to the city 90 days after it receives them. How does your response to question 2 differ? Explain. Is your response the same with respect to the city’s government-wide statements?
4-7The amount of revenue to be recognized from grants depends on the type of grant.The following information relates to three grants that the town of College Hills received from the state during its fiscal year ending December 31, 2012:a. A cash grant of $200,000 that must be used to repair roads;b. $150,000, in cash, of a total grant of $200,000, to reimburse the town for actual expenditures incurred in repairing roads. During the year, the town incurred $150,000 in allowable repair costs;c. A cash entitlement grant of $200,000 that is intended to supplement the town’s 2013 budget and must be expended in that year.1. Prepare journal entries to record the three grants in a governmental fund.2. What amount of revenue should be reported for each grant in the town’s government-wide statement of activities for 2012? Where on that statement should these revenues most likely be reported?

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Compare and contrast the psychoanalytic theories of Freud, Jung, and Adler. What are two characteristics of these theories with which you agree? What are two characteristics with which you disagree?


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Write a 1,050- to 1,400-word paper analyzing the components of the psychoanalytic approach to personality. Your paper should cover the following areas:
 
Compare and contrast the psychoanalytic theories of Freud, Jung, and Adler. What are two characteristics of these theories with which you agree? What are two characteristics with which you disagree?
Describe the stages of Freud’s theory and explain characteristics of personality using these components.
Describe uses of at least three Freudian defense mechanisms with real-life examples.
 
Include an introduction and conclusion in your paper.
 
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
 

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compare two firms within the industry.


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compare two firms within the industry.
‘What are the strategies of the two firms? Are they similar or different? Does their strategy explain their performance?

describe their strategies separately, and then compare them. You will make separate recommendations for the two firms
for their future.
The firm is Reebok crossfit. httpss://reebokcrossfitbackbay.com
 
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Cognitive psychology is the study of how the think, our perceptions, how we make decisions and how we recall.


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How Would You Respond To This!!!!
Cognitive psychology is the study of how the think, our perceptions, how we make decisions and how we recall.  As we experience or learn new things we organize them in our minds dependant on the state or context in which we find ourselves, the schemas of our previous understanding and how it relates to other things that we have learned.  For instance, different manners in which we encode information is dependant on how relevant it may or may not be to our lives.  Take for example the studying of psychology.  As I read the text I try to associate certain concepts with things I have experienced myself of experiences of others.  This not only improves my conceptualization of the concept but also helps me to remember it as those experiences and/or people are firmly implanted in my LTM.  Another example is that of spaced learning.  This consistent repetition helps push information from the STM to the LTM by reducing decay.  This is a strategy that I often use for studying.  I prefer to study in short bursts when doing my initial readings etc.  This gives me the opportunity to absorb the information and when I go back and review it it stays fresher in my memory.   As we experience or learn new things we organize them in our minds dependant on the state or context in which we find ourselves, the schemas of our previous understanding and how it relates to other things that we have learned.  For instance, different manners in which we encode information is dependant on how relevant it may or may not be to our lives.  Take for example the studying of psychology.  As I read the text I try to associate certain concepts with things I have experienced myself of experiences of others.  This not only improves my conceptualization of the concept but also helps me to remember it as those experiences and/or people are firmly implanted in my LTM.  Another example is that of spaced learning.  This consistent repetition helps push information from the STM to the LTM by reducing decay.  This is a strategy that I often use for studying.  I prefer to study in short bursts when doing my initial readings etc.  This gives me the opportunity to absorb the information and when I go back and review it it stays fresher in my memory.   As we experience or learn new things we organize them in our minds dependant on the state or context in which we find ourselves, the schemas of our previous understanding and how it relates to other things that we have learned.  For instance, different manners in which we encode information is dependant on how relevant it may or may not be to our lives.  Take for example the studying of psychology.  As I read the text I try to associate certain concepts with things I have experienced myself of experiences of others.  This not only improves my conceptualization of the concept but also helps me to remember it as those experiences and/or people are firmly implanted in my LTM.  Another example is that of spaced learning.  This consistent repetition helps push information from the STM to the LTM by reducing decay.  This is a strategy that I often use for studying.  I prefer to study in short bursts when doing my initial readings etc.  This gives me the opportunity to absorb the information and when I go back and review it it stays fresher in my memory.

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Ethics Awarness Inventory


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Ethics Awarness Inventory
Please interpret the results in the attachment, and apply them to an individual’s personal and professional development. Include a statement explaining how his or her educational experience has impacted their ethical thinking. Please address the individual’s use of ethics in thinking and decision-making and the potential for conflict in situations with people who have different interpretations of ethical behavior.

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President Harry Truman


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President Harry Truman, the first Cold War President, had a sign on his desk saying “The Buck Stops Here.” The Webliography contains a link to the photo and story. Indecisive people can pass on their responsibilities and “pass the buck,” and advisory people can propose their concepts and lobby for acceptance, but the President can ultimately turn to nobody else. Presidents must make the hard decisions. It is a heavy mantle to bear on those presidential shoulders. It is lonely at the top.
President Johnson’s “wise men” possessed depth in their areas of expertise beyond that of the President, who was a master mover of legislation to accomplish domestic social programs but very much out of his league in military matters and international relations.
To begin, evaluate this question: To what extent was the March 1968 reevaluation of the Vietnam War, as a function of Cold War ideology, accomplished to satisfy domestic concerns rather than international concerns? In a time of mixed obligations, how can we differentiate what is domestic from what is international in American politics?

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Trump construction & Land Salvage Company – installment sale


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Trump construction & Land Salvage Company – installment sale
Problem
Land Salvage Company deals in distressed properties and makes high risk . In 2009, the company sold for $250,000 a piece of property that cost $150,000. Collections on the sale were: $80,000 in 2009, $120,000 in 2010, and $50,000 in 2011.
Required:
a. Prepare the necessary  in proper format for 2009 and 2010 year assuming the installment sales method is used. Please leave a blank line between each .
b. Using the T-accounts provided, prove the balances in the deferred gross  account at the end of 2009 and 2010. Proof is not provided solely by posting the relevant T-account.
c. Determine the realized  to be reported each year if the cost recovery method was used instead.
2009 =
2010 =
2011 =
Problem #2
In 2009, Trump Construction agreed to build a small office building for $15,000,000. Trump broke ground in 2009 and the building was completed in 2011. The cost and other data related to the building contract are provided:
2009 2010 2011
Costs incurred during year 4,500,000 4,300,000 4,200,000
Estimated costs to complete 7,500,000 4,000,000 -0-
Billings during the year 3,500,000 5,000,000 6,500,000
Cash collections during year 2,800,000 5,600,000 6,600,000
Required:
a. Prepare all required journal entries (and post to relevant T-accounts only) for 2009 and 2010 assuming Trump uses the of  for long-term construction contracts. Round percentage of completion to two decimal places. Please leave a blank line between each journal entry.
b. Prepare a partial  (in proper format) for Trump at the end of 2009 and 2010 with respect to this contract.
c. If Trump had chosen the completed contract method of accounting instead, indicate the amount of revenue that would have been recognized in 2009, 2010 and 2011.
2009 =
2010 =
2011 =
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