Acc 300 week 5 individual assignment chapter six

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In this file ACC 300 Week 5 Individual Assignment - Chapter
Six you will find overview of the following parts:
1. Assignments from the Readings. Prepare responses to the
following assignments from the e-text, Fundamentals of
Financial Accounting 1st ed., by Phillips, Libby, and Libby
a. Chapter 6: Questions 2 and 3
2. Summarize the primary purposes of an internal control
system.
3. What are the three internal control objectives for financial
reporting?
Business - Accounting
QRB 501 Week 2 Learning Team Case Studies - "Case 5 - 2
and Case 6 -2"
Week 2 Learning Team Case Studies
Complete the following case studies from Ch. 5 6 of Business
Math:
Case Study 5-2, pp. 184-185
Case Study 6-2, pp. 216-217
Use the provided Microsoft Excel template for your
answers.
Note . Show all work and calculations. (The use of
Microsoft Excel software is required.)
1. Ziam wants to know how much his royalty will be for a
song he has written. How will it be calculated? Write the

2. steps or the formulas that will be used to calculate his royalty
payment.
2. Ziam has written a popular song titled “Going There,”
which has been recorded by a well-known performer. He
recently received a royalty check for $7,000. If Ziam gets a
0.5 share of the royalties and the credit value is $3.50, what
was the credit total that his song earned? Write out the
problem in the form of an equation and solve it.
3. Ziam quickly published another song, “Take Me There,”
that is played even more often than “Going There.” If his
first song earns 4,000 credits and his second song earns 6,000
credits, what will the royalty payment be from the two songs
if the credit value remains at $3.50?
4. Ziam is considering an offer to perform his own songs on a
CD to be titled “Waiting There.” In the past, he has written
but not performed his music. If Ziam’s royalty is 0.12 of the
suggested retail price of $15.00, but 0.25 of the retail price
is deducted for packaging before Ziam’s royalty is calculated,
how much will he receive for sale of the CD? Write your
answer in the form of an equation and solve it.
1. What percentage of the total does each of the four
customer groups represent? Round to the nearest hundredth
of a percent.
2. Minh’s data shows that on average only 4.6% of customers
were purchasing complementary services available within
Media Systems. By using his company’s services, Minh was
projecting that these percentages would triple across all user
groups within 1 year. a) How many customers would that
equate to in total for each group? b) What would be the
difference compared to current levels?
3. Customer complaint data showed that within the last year,

3. complaints by category were as follows: publication
subscribers, 1,174; advertisers, 423; telephone service
customers, 4,411; and ISP customers 823. a) What
percentage of customers (round to two decimal
places)complained within the last year in each category? b)
If the CRM software were able to reduce complaints by 50%
each year over the next 2 years, how many complaints would
there be by category at the end of that time period? And c)
What would the number of complaints at the end of 2 years
represent on a percentage basis?
QRB 501 Week 3 Learning Team Case Studies / "Case 8 - 3
and case 9 - 1"
Complete the following case studies from Ch. 8 9 of Business
Math:
Case Study 8-3, p. 300
Case Study 9-1, p. 344
Use the provided Microsoft Excel template for your
answers.
Note . Show all work and calculations. (The use of
Microsoft Excel software is required.)
........................................................
Case 8-3 Template
1. The Artist’s Palette purchases its inventory from a number
of suppliers and each supplier offers different purchasing
discounts. The manager of The Artist’s Palette, Marty Parma,
is currently comparing two offers for purchasing modeling
clay and supplies. The first company offers a chain discount
of 20/10/5, and the second company offers a chain discount
of 18/12/7 as long as the total purchases are $300 or more.
Assuming Parma purchases $300 worth of supplies, a) what is
the net price from supplier 1? And b) From supplier 2? And c)

4. From which supplier would you recommend Parma purchase
her modeling clay and supplies?
2. What is the net decimal equivalent for supplier 1? For
supplier 2?
3. What is the trade discount from supplier 1? From supplier
2?
4. The Artist’s Palette recognizes that students may
purchase supplies at the beginning of the term to cover all of
their art class needs. Because this could represent a fairly
substantial outlay, the Artist’s Palette offers discounts to
those students who pay sooner than required. Assume that if
students buy more than $250 of art supplies in one visit, they
may put it on a student account with terms of 2/10, n/30. If a
student purchases $250 of supplies on September 16, what
amount is due by September 26? How much would the
student save by paying early?
5. Assume that if students buy more than $250 of art supplies
in one visit, they may put the charge on a student account
with terms of 2/10 EOM. If a student makes the purchase on
September 16, on what day does the 2% discount expire? If
the purchase is made on September 26, on what day does
the 2% discount expire? If you were an art student, which
method would you prefer: 2/10, n/30, or 2/10 EOM?
Case 9-1 Template
1. What is the markup percentage for a box of ginger tea?
2. If the rice-filled heating pads sell for $7.00, $10.00, and
$15.00 for small, medium, and large, respectively, what is the
markup percentage on each one?
3. Karen wants to compare using the cost plus method to the
percentage markup method. If she sells 2 small rice pads, 4
medium rice pads, 2 large rice pads, and 20 boxes of $3.50

5. tea in a month, how much profit does she accumulate? What
markup percentage based on cost would she have to use to
make the same amount of profit on this month’s sales?
4. What prices should Karen charge (using the markup
percentage) to obtain the same amount of profit as she did
with the cost plus method? Do not include shipping.
Week 4 Standard Deviation Abstract
The Learning Team assignment this week is a simple but
helpful assignment. The assignment will consist of a cover
sheet, abstract pages, and a reference page.
Research , as a Learning Team, 1 peer-reviewed article per
team member on the topic, "standard deviation use in the
business world" in the University Library. Each Learning Team
member must choose a different article.
Write a basic abstract for each of your selected articles. Your
abstracts must include the following:
The purpose of the study
The research question(s)
The hypothesis of the study
The main findings of the study
Include APA-formatted references on the reference page.
Week 5 Learning Team Case Studies
Complete the following case studies from Ch. 21 of Business
Math:
Case Study 21-...
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