College of Administration and Finance SciencesAssignment (1) Deadline: Saturday 02/03/2024 @ 23:59 Course Name: Cost Accounting Student’s Name: Course Code: ACCT 301 Student’s ID Number: Semester: Second CRN: Academic Year: 1445 H For Instructor’s Use only Instructor’s Name: Students’ Grade: /15 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. […]

2/13/24, 10:41 AM1. Assignment Print View Award: 50.00 points Part 1: Consider the following perpetual system merchandising transactions of Belton Company. Use a separate account for each receivable and payable; for example, record the sale on June 1 in Accounts Receivable—Avery & Wiest. June 1 2 4 5 6 12 20 30 Sold merchandise to Avery & Wiest for $9,350; terms 2/5, n/15, FOB destination […]

Assignment Question(s): (Marks 15) Q1. Explain the role of accounting information in strategic management. How does accounting information assist in the formulation and implementation of organizational strategies? Support your answer by providing an example of one Saudi Company in this regard. (2 Marks) Note: Your answer must include a suitable example showing the role of accounting information in strategic management of an organization. (Chapter 1, […]

Assignment Question(s): (Marks 15) Q1. Z Corporation acquired 100% of the outstanding common stock of Sake X Corporation for $ 3,000,000 cash and 50,000 shares of its own common stock ($1 par value), which was trading at $30 per share at the acquisition date.(3 marks) Required: Prepare The Journal Entry to Record the Acquisition Transaction on the Acquiring Incorporation’s Journal. Answer: Q2. In The Process […]

Assignment Question(s):(Marks 5) Q1. Discuss three of the accounting principles and assumptions with examples. (5 Mark) Q2. Prepare the journal for each of following transactions.(Marks 5) On June 1, Sara invested SAR 10,000 cash in her business to start operations. On June 6, Sarah purchased inventory for SAR 6,000 on credit from a supplier. On June 12, Sarah purchased inventory for SAR 2,000 cash from […]

AssignmentQuestion(s):(Marks15) Q1. Explain the role of accounting information in strategic management. How does accounting information assist in the formulation and implementation of organizational strategies? Support your answer byproviding an example of one Saudi Company in this regard. (2 Marks) Note: Your answer must include a suitable example showing the role of accounting information instrategic management of an organization.(Chapter 1, Week 1) Answer: Q2. What do […]

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students must mention question number clearly in their answer. Late submission will NOT be accepted. Avoid plagiarism, […]

1. Inventory Valuation and Cost of Goods Sold: ABC Corp. uses the FIFO method for inventory valuation. At the beginning of the year, the company had 1,000 units of a product with a cost of $10 per unit. During the year, the company made the following purchases: – Purchase 1: 2,000 units at $12 per unit – Purchase 2: 1,500 units at $15 per unit […]

I want clear answers, 5 references, and a correct solution College of Administration and Finance Sciences Assignment (1) Deadline: Saturday 02/03/2024 @ 23:59 Course Name: Cost Accounting Student’s Name: Course Code: ACCT 301 Student’s ID Number: Semester: Second CRN: Academic Year: 1445 H For Instructor’s Use only Instructor’s Name: Students’ Grade: /15 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment […]

11.2. For a particular SKU, the lead time is 6 weeks, the average demand is 90 units a week, and safetystock is 200 units. What is the average inventory if 10 weeks’ supply is ordered at one time? What is the order point? 11.4. Given the following data, calculate the average demand and the standard deviation. 11.6. The standard deviation of demand during the lead […]