Please help with all answers.....part a part b and part c Required informationRWP6-1 (Algo) Great Adventures Continuing Case[The following information applies to the questions displayed below.]Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for businessexpansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping featuresof most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches arewaterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides tohave MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales ofwatches during the second half of 2025. All watches are sold for $501 each.July 17July 31August 12August 22Sold 31 watches for $15,531 on account.September 19 Paid for watches purchased on July 17.September 27 Receive cash of $9,600 for watches sold on account on August 22.October 27Purchased 81 watches for $13,851 ($171 per watch) cash.Sold 91 watches for $45,591 cash.November 20December 4 Purchased 102 watches for $18,462 ($181 per watch) on account.December 8 Sold 41 watches for $20,541 on account.RWP6-1 (Algo) Great Adventures ontiPurchased 51 watches for $7,701 ($151 per watch) on account.Sold 41 watches for $20,541 cash.Purchased 41 watches for $6,601 ($161 per watch) cash.2. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, theMU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off theInternet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MUwatches is only $101 per watch.a. Record any necessary adjusting entry on December 31, 2025, related to this information.b. For what amount would MU inventory be reported in the December 31, 2025, balance sheet?c. Prepare an updated gross profit section of a partial income statement accounting for this additional information.Required AComplete this question by entering your answers in the tabs below.View transaction listNoRequired B Required CRecord any necessary adjusting entry on December 31, 2025, related to this information. (If no entry is required for a transaction/event,select "No Journal Entry Required" in the first account field.)1Case Part 2View journal entry worksheetDateDecember 31,2025Cost of Goods SoldInventoryGeneral Journal< Required ARequired B>DebitCreditX

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Description: Please help with all answers.....part a part b and part c Required informationRWP6-1 (Algo) Great Adventures Continuing Case[The following information applies to the questions displayed below.]Now that operations for outdoor clinics and TEAM events a

A reduction in the market price greatly impacts the closing stock and the profitability. It’s…

Answered: inventory

Business

Accounting

inventory

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter6: Data Mining

Section: Chapter Questions

Problem 13P

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Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won’t damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $491 each. July 17 Purchased 41 watches for $5,781 ($141 per watch) on account. July 31 Sold 31 watches for $15,221 cash. August 12 Purchased 31 watches for $4,681 ($151 per watch) cash. August 22 Sold 21 watches for $10,311 on account. September 19 Paid for watches purchased on July 17. September 27 Receive cash of $20,400…
Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won’t damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $491 each. July 17 Purchased 41 watches for $5,781 ($141 per watch) on account. July 31 Sold 31 watches for $15,221 cash. August 12 Purchased 31 watches for $4,681 ($151 per watch) cash. August 22 Sold 21 watches for $10,311 on account. September 19 Paid for watches purchased on July 17. September 27 Receive cash of $20,400…
Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won’t damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $500 each. Jul. 17 Purchased 50 watches for $7,500 ($150 per watch) on account. Jul. 31 Sold 40 watches for $20,000 cash. Aug. 12 Purchased 40 watches for $6,400 ($160 per watch) cash. Aug. 22 Sold 30 watches for $15,000 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash…
Emery Communications Company is considering the production and marketing of a communications system that will increase the efficiency of messaging for small businesses or branch offices of large companies. Each unit hooked into the system is assigned a mailbox number, which can be matched to a telephone extension number, providing access to messages 24 hours a day. Up to 20 units can be hooked into the system, allowing the delivery of the same message to as many as 20 people. Personal codes can be used to make messages confidential. Furthermore, messages can be reviewed, recorded, cancelled, replied to, or deleted all during the same message playback. Indicators wired to the telephone blink whenever new messages are present. To produce this product, a $1.75 million investment in new equipment is required. The equipment will last 10 years but will need major maintenance costing $150,000 at the end of its sixth year. The salvage value of the equipment at the end of 10 years is estimated…
Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Has the company identified an off‐site alternative computer processing location?
ANNOUNCING A NEW INFORMATION SYSTEM The AJAX Company is considering implementing a new accounting system, which will automate sales processing, cash receipts, accounts payable, and cash disbursement procedures. Roger Moore, AJAXs CIO sent an announcement letter to the AJAX community. In the letter, Moore said: I have contracted with Spartan Consulting Group to do the needs analysis, system selection, and design work. The programming and implementation will be performed in-house using existing IT department staff. The development process will be unobtrusive to user departments because Spartan knows what needs to be done. They will work independently, in the background, and will not disrupt departmental and internal audit work How with time-consuming interviews, surveys, and questionnaires. This promises to be an efficient process that will produce a system that will be appreciated by all users. Required Draft a memo from George Jones, Director of Internal Audits, in response to Moores letter.
Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Will different system access levels for different users be incorporated?
Jade Ltd is now considering how to obtain a computer software. The director of Jade Ltd has noticed that over the last 20 years, many companies have spent a great deal of money internally developing new intangible assets, such as software. You have been asked by the director to provide your advice on the accounting treatments of the two possibilities below: (i) Employ its own programmers to write software that the company will use (ii) Purchase computer software externally, including packages for payroll and general ledger. Required: In accordance with IAS 38 / AASB 138 Intangible Assets, discuss whether internally developed intangible assets should be recognised, and explain the differ in the accounting treatments for the two possible options.
Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Will all data entry clerks and accounting personnel have their own PCs with log‐in IDs and password protection?
Toyota organizes every year two blood donation camps in Nizwa and Muscat. This activity is an example of managements attitude towards what?. choose correct answer a.Competitors b.Customers c.Community d.Clients
Answer the following questions using the Answer Report and the Sensitivity Report on thefollowing page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.)2.) How much will you end up profiting?3.) Which of the constraints are binding? What does the slack for each non-binding constraint represent?
Please note that is this my second time to submit this question, the previous tutor answered me by copying the answer from another website. Dear tutor, If you don't want to work with dignity, then don't waste people's money and time. Please Answer me with typing Q1. Tata Unisys is an integrated IT sector company. Its products include mini and microprocessor-based systems, software sets, serial printers, and handlers. The following table contains data about the financial performance of the company for the year 2014-15 & 2015-16, you are required to use financial ratios as a tool and then analyze the company and give your comments to support your conclusions: