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How do companies manage the flow of products and services from production to the final consumer?
$1.00How do companies manage the flow of products and services from production to the final consumer? Explain with examples.
Mauer Company licenses customer-relationship software to Hedges Inc….
$0.00Mauer Company licenses customer-relationship software to Hedges Inc. for 3 years. In addition to providing the software, Mauer promises to provide consulting services over the life of the license to maintain operability within Hedges� computer system. The total transaction price is $200,000. Based on standalone values, Mauer estimates the consulting services have a value of $75,000 and the software license has a value of $125,000. Upon installation of the software on July 1, 2014, Hedges pays $100,000; the contract balance is due on December 31, 2014. Identify the performance obligations and the revenue in 2014, assuming (a) the performance obligations are interdependent and (b) the performance obligations are not interdependent.
(a) If interdependent, the contract is accounted for as a single revenue amount of $ 
.(b) If not interdependent, service revenue is $ and the license revenue is $.Saaz Prominent Company Case Study
$5.00Text: Cash $23,000 Equipment $16,000 Prepaid Insurance $1,200 Accounts Receivable $ 13,800,1-oan 9,000, Accounts Payable $ 11,000 and Owner’s Capital $34,000. Selected transactions for September. 2015 the transactions are as follows: The owner, Hajira, invests $35,000 in cash in starting a real estate office operating as a sole proprietorship. Purchased $400 of supplies on credit. Purchased equipment for $8,000, paying $2,000 in cash and signed a 30-day, $6,000, note payable. Real estate commissions billed to clients amount to $4,000. Paid $700 in cash for the current month’s rent. Paid $200 cash on account for supplies purchased in transaction 2. Received a bill for $600 for advertising for the current month. Paid $2,200 cash for office salaries and wages. Hajira withdrew $ 1.200 from the business for living expenses. Received a check for $3,000 from a client in payment on account for commissions billed in transaction 4. The Following Adjustments are required at the end of September: Depreciation on equipment is $700 for the month. Insurance expensed for the month 450 Unearned revenue of S1,325 has been earned Store supplies of $500 have been used. Services provided but not recorded total $560. Foreman salary due yet not paid. Utility expense of $175 is unpaid. Prepare a complete set of Accounting Records for Saaz Prominent C ompany for the month of September:
The circular flow model
$1.001. The circular flow model
The following diagram presents a circular flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs.
1.Based on this model, households earn income when (households/firms) purchase ( Goods and services/ Resource) in resource markets.
Suppose Megan earns $600 per week working as an analyst for A-Plus Accountants. She uses $8 to order a mojito cocktail at Little Havana. Little Havana pays Larry $350 per week to wait tables. Larry uses $225 to purchase tax services from A-Plus Accountants.
Identify whether each of the following events in this scenario occurs in the resource market or the product market.
Event Resource Market Product Market 2.Larry spends $225 to purchase tax services from A-Plus Accountants. (Resource mareket/ Product mareket) 3.Larry earns $350 per week working for Little Havana. (Resource mareket/ Product mareket) 4.Megan spends $8 to order a mojito cocktail. (Resource mareket/ Product mareket) 5.Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply.
A.The mojito Megan receives
B.The $225 Larry spends to purchase tax services from A-Plus Accountants
C.The $350 per week Larry earns working for Little Havana
Master Landscaping Services Case Study
$2.50In August, Master Landscaping Services signed a contract to perform $6000 of landscaping services for a customer. The work was started and completed in September. The customer paid Master $3000 in September and $3000 in October. Master purchased $1000 of materials for the project in August, paying $500 at that time and $500 in September.
What are the revenues, expenses, and net incomes for all 3 months on the cash and accrual basis accounting types? If amount is zero, enter it as such.
Types of physician remuneration schemes
$2.50Health economics question (Economics of health and health care 7th edition)
Describe three types of physician remuneration schemes and comment on physician incentives under each scheme.
For each scheme, summarize the evidence regarding physician behaviour.Violations of the False Claims Act in private practice
$1.00You are the Compliance Officer of a 230-bed teaching hospital. You have just read a newspaper article reporting that a physician on the hospital’s medical staff has been charged with violations of the False Claims Act in his private practice. The charges include upcoming and billing for unnecessary services.
- Do you believe that there is any way that the hospital could be implicated in the physician’s misdeeds? What is your first reaction to receiving this information?
- If it appears that the charges are legitimate and some disciplinary action is necessary, what are your options?
- When you suggest suspending the physician form the medical staff for 6 months, the Chief Medical Officer reminds you that the physician refers a large number of patients to the hospital. Does this make a difference to you?
Tyler Financial Services Case
$5.00Tyler Financial Services performs bookkeeping and tax-reporting services to startup companies in the Oconomowoc area. On January 1, 2014, Tyler entered into a 3-year service contract with Walleye Tech. Walleye promises to pay $10,500 at the beginning of each year, which at contract inception is the standalone selling price for these services. At the end of the second year, the contract is modified and the fee for the third year of services is reduced to $9,800. In addition, Walleye agrees to pay an additional $20,600 at the beginning of the third year to cover the contract for 3 additional years (i.e., 4 years remain after the modification). The extended contract services are similar to those provided in the first 2 years of the contract.
1. Prepare the journal entries for Tyler in 2014 and 2015 related to this service contract. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit Jan 1, 2014 Dec 31, 2014 Jan 1, 2015 Dec 31, 2015 2.
Prepare the journal entries for Tyler in 2016 related to the modified service contract, assuming a prospective approach. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)Date Account Titles and Explanation Debit Credit Jan 1, 2016 Dec 31, 206 3.
Repeat the requirements for part (b), assuming Tyler and Walleye agree on a revised set of services (fewer bookkeeping services but more tax services) in the extended contract period and the modification results in a separate performance obligation. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)Date Account Titles and Explanation Debit Credit Jan 1, 2016 Dec 31, 2016 Matthews Delivery Service Case
$7.50Text: Matthews Delivery Service completed the following transactions during December 2014: Dec. 1 Matthews Delivery Service began operations by receiving $6,000 cash and a truck with a fair value of $20,000 from Robert Matthews. The business issued Matthews shares of common stock in exchange for this contribution. 1 Paid $600 cash for a 6-month insurance policy. The policy begins December 1. 4 Paid $300 cash for office supplies. 12 Performed delivery services for a customer and received $800 cash. 15 Completed a large delivery job, billed the customer, $1,500, and received a promise to collect the $1,500 within one week. 18 Paid employee salary, $700. 20 Received $12,000 cash for performing delivery services. 22 Collected $600 in advance for delivery service to be performed later. 25 Collected $1,500 cash from customer on account. 27 Purchased fuel for the truck, paying $200 with a company credit card. (Credit Accounts Payable) 28 Performed delivery services on account, $900. 29 Paid office rent, $600, for the month of December. 30 Paid $200 on account. 31 Cash dividends of $2,100 were paid to stockholders. Record each transaction in the Journal. Explanations are not required. Post the transactions in the T-accounts using the following chart of accounts. Prepare an unadjusted trial balance as of December 31, 2014. Prepare a worksheet as of December 31, 2014. (optional) Journalize the adjusting entries using the following adjustment data. Post adjusting entries to the T-accounts. Accrued Salaries Expense, $700. Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $5,000. Prepaid Insurance for the month has expired. Office Supplies on hand, $200. Unearned Revenue earned during the month, $500. Accrued Service Revenue, $450. Prepare an adjusted trial balance as of December 31, 2014. Prepare Matthews Delivery Services income statement and statement of n earnings for the month ended December 31, 2014, and the classified balance sheer on that date. On the income statement, list expenses in decreasing or by amount-that is, the largest expense first, the smallest expense last. Journalize the dosing entries and post to the T-accounts. Prepare a post-closing trial balance as of December 31, 2014.
