| | | | Ashford University ACC206 |
| | | | Guidance Report |
| | | | Week Two |
| | LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT | | | | Guidance Report Download Date | | 11/28/17 | Guidance Report Revision Date | | 12/1/17 |
| | | | | | YELLOW INDICATES ACCOUNT AMOUNTS CHANGED |
| | | | | | Change Account to: |
| | | | | | Based Upon Course Start Date |
| | Exercise/
Problem | Account to
be changed | Original
Amount | | Jan-Feb | | Mar-Apr | | May-Jun | | Jul-Aug | | Sept-Oct | | Nov-Dec |
| | | Shares | 100000 | | | 11000 | | 12000 | | 13000 | | 14000 | | 15000 | | 100000 |
| | | Share price | $ 20 | | | $ 21 | | $ 22 | | $ 23 | | $ 24 | | $ 25 | | $ 26 |
| | Ch 2 Ex 1 |
| | | Questions | YOUR ANSWERS BASED UPON COURSE START DATE |
| | | A. Cash |
| | | | Common stock |
| | | | Paid-in-capital |
| | | B. Cash |
| | | | Common stock |
| | | | Paid-in-capital |
| | | C. Cash |
| | | | Common stock |
| | | Account to
be changed | Original
Amount | | 20X6 | 20X5 | 20X6 | 20X5 | 20X6 | 20X5 | 20X6 | 20X5 | 20X6 | 20X5 | 20X6 | 20X5 |
| | Ch 2 EX 3 | Preferred stock, $100 par value, 10% | 580000 | 500000 | 600,000 | 500,000 | 620,000 | 500,000 | 640,000 | 500,000 | 660,000 | 500,000 | 680,000 | 500,000 | $ 700,000 | $ 500,000 |
| | | Common par | 10 | | 11 | | 12 | | 13 | | 14 | | 15 | | $ 16 |
| | | | YOUR ANSWERS BASED UPON COURSE START DATE |
| | | A. Preferred shares issued |
| | | B. Shares issued of common |
| | | B. Average issued price of common |
| | | C. Paid-in-capital increase |
| | | D. Legal capital increase |
| | Ch 2 Pb 3 | Account to
be changed | Original
Amount |
| | | Jan 3, Common Shares sold | 5000 | | 5,200 | | 5,400 | | 5,600 | | 5,800 | | 6,000 | | 6,200 |
| | | Share price | 58 | | 62 | | 66 | | 70 | | 74 | | 78 | | 82 |
| | | Attoney cost | 3300 | | 3,600 | | 3,900 | | 4,200 | | 4,500 | | 4,800 | | 5,100 |
| | | | YOUR ANSWERS BASED UPON COURSE START DATE |
| | 3-Jan |
| | Cash |
| | | Common stock |
| | | Paid-in-capital in excess of par common stock |
| | Jan. 19 |
| | Cash |
| | | Preferred stock |
| | | Paid-in-capital in excess of par- Preferred stock |
| | 4-Feb |
| | Organization costs |
| | | Common stock |
| | | Paid-in-capital in excess of par common stock |
| | Investment in art work |
| | | Common stock |
| | | Paid-in-capital in excess of par common stock |
| | | Stockholders Equity |
| | | Common stock, $1 par-value, authorized 10,000 shares, |
| | | shares issued and outstanding |
| | | Preferred stock,10%, $50 par, authorized 1000 shares |
| | | shares issued and outstanding |
| | | Total Capital Stock |
| | | Paid-in-Capital in excess of par: |
| | | Common stock |
| | | Preferred stock |
| | | Total Paid-in-Capital |
| | | Retained earnings |
| | | Total Shareholders Equity |
| | Ch3 Ex 4 |
| | | Account to
be changed | Original
Amount | | 12/31/X3 | 12/31/X2 | 12/31/X3 | 12/31/X2 | 12/31/X3 | 12/31/X2 | 12/31/X3 | 12/31/X2 | 12/31/X3 | 12/31/X2 | 12/31/X3 | 12/31/X2 |
| | | Manufacturing costs | 549000 | | 551,000 | | 553,000 | | 555,000 | | 557,000 | | 559,000 | | 561,000 |
| | | Sales | 759200 | | 761,600 | | 764,000 | | 766,400 | | 768,800 | | 771,200 | | 773,600 |
| | | | YOUR ANSWERS BASED UPON COURSE START DATE |
| | | Cost of goods manufactured |
| | | Beginning work in process |
| | | Manufacturing costs |
| | | Ending work in process |
| | | Cost of goods manufactured |
| | | Cost of goods sold |
| | | Beginning finished goods |
| | | Cost of goods manufactured |
| | | Ending finished goods |
| | | Cost of goods sold |
| | | Net income |
| | | Sales |
| | | Cost of goods sold |
| | | Operating expenses |
| | | Net income |
| | | | | |
| | Ch 3 Pb 2 | Account to
be changed | Original
Amount |
| | | Sales | 628000 | | 629000 | | 630000 | | 631000 | | 632000 | | 633000 | | 634000 |
| | | Work in process, Jan. 1 | 56700 | | 57700 | | 58700 | | 59700 | | 60700 | | 61700 | | 62700 |
| | | Advertising expense | 23500 | | 24500 | | 25500 | | 26500 | | 27500 | | 28500 | | 29500 |
| | | Direct material purchases | 231500 | | 232500 | | 233500 | | 234500 | | 235500 | | 236500 | | 237500 |
| | | | YOUR ANSWERS BASED UPON COURSE START DATE |
| | | a. Prepare a schedule of cost of goods manufactured in good form. |
| | | Direct materials used |
| | | Beginning raw materials inventory |
| | | Net purchases |
| | | Direct materials available |
| | | Less: Ending raw materials inventory |
| | | Direct materials used |
| | | Direct labor |
| | | Factory overhead |
| | | Indirect materials used |
| | | Indirect labor |
| | | Utilities |
| | | Taxes |
| | | Insurance |
| | | Depreciation |
| | | Total manufacturing costs |
| | | Add: Beginning work in process inventory |
| | | Less: Ending work in process inventory |
| | | Costs of goods manufactured |
| | | Sales |
| | | Cost of goods sold |
| | | Beginning finished goods inv. |
| | | Cost of goods manufactured |
| | | Goods available for sale |
| | | Less: Ending finished goods inv. |
| | | Cost of goods sold |
| | | Gross profit |
| | | Operating expenses: |
| | | Selling expenses: |
| | | Advertising |
| | | Sales staff salaries |
| | | Utilities |
| | | Taxes |
| | | Insurance |
| | | Depreciation |
| | | Total selling expenses |
| | | Administrative expenses: |
| | | Utilities |
| | | Taxes |
| | | Insurance |
| | | Depreciation |
| | | Total administrative exp. |
| | | Total operating expenses |
| | | Net income |
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ACC206WeekTwoGuidanceReport.xlsx
