Watson Technical Institute (WTI), a school owned by Tom Watson, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2011, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2011, follow. Additional Information Items a. An analysis of WTI’s insurance policies shows that $2,807 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,433 are available at year-end 2011. c. Annual depreciation on the equipment is $11,227. d. Annual depreciation on the professional library is $5,614. e. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,700, and the client paid the first five months’ fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2012. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,819 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI’s accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.) g. WTI’s two employees are paid weekly. As of the end of the year, two days’ salaries have accrued at the rate of $100 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. WATSON TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2011 Debit Credit Cash $ 26,340 Accounts receivable 0 Teaching supplies 10,129 Prepaid insurance 15,197 Prepaid rent 2,027 Professional library 30,391 Accumulated depreciation—Professional library $ 9,119 Equipment 70,903 Accumulated depreciation—Equipment 16,210 Accounts payable 34,112 Salaries payable 0 Unearned training fees 13,500 T. Watson, Capital 64,431 T. Watson, Withdrawals 40,523 Tuition fees earned 103,332 Training fees earned 38,496 Depreciation expense—Professional library 0 Depreciation expense—Equipment 0 Salaries expense 48,628 Insurance expense 0 Rent expense 22,297 Teaching supplies expense 0 Advertising expense 7,092 Utilities expense 5,673 Totals $ 279,200 $ 279,200 4. value: 17.00 points Required: 2. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. (Round your answer to nearest dollar amount. Omit the “$” sign in your response.) Adjusting entries (all dated Dec. 31, 2011). General Journal Debit Credit a. b. c. d. e. f. g. h. eBook Links (4)references 5. value: 16.00 points 3.1 Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. (Record the transactions in the given order. Round your answers to the nearest dollar amount. Leave no cells blank – be certain to enter “0” wherever required. Omit the “$” sign in your response.) Cash Unadj. bal. Accounts Receivable Unadj. bal. Adj. bal. Teaching Supplies Unadj. bal. Adj. bal. Prepaid Insurance Unadj. bal. Adj. bal. Prepaid Rent Unadj. bal. Adj. bal. Professional Library Unadj. bal. Accumulated Depreciation—Professional library Unadj. bal. Adj. bal. Equipment Unadj. Bal. Accumulated Depreciation—Equipment Unadj. bal. Adj. bal. Accounts Payable Unadj. bal. Salaries Payable Unadj. bal. Adj. bal. Unearned Training Fees Unadj. bal. Adj. bal. T. Watson, Capital Unadj. bal. T. Watson, Withdrawals Unadj. bal. Tuition Fees Earned Unadj. bal. Adj. bal. Training Fees Earned Unadj. bal. Adj. bal. Depreciation Expense—Professional Library Unadj. bal. Adj. bal. Depreciation Expense—Equipment Unadj. bal. Adj. bal. Salaries Expense Unadj. bal. Adj. bal. Insurance Expense Unadj. bal. Adj. bal. Rent Expense Unadj. bal. Adj. bal. Teaching Supplies Expense Unadj. bal. Adj. bal. Advertising Expense Unadj. bal. Utilities Expense Unadj. bal. 3.2 Prepare an adjusted trial balance. (The items in the Trial Balance should be grouped as follows: Assets and Liabilities (in order of their liquidity) then Equity, Revenues, and Expenses. Leave no cells blank – be certain to enter “0” wherever required. Round your answers to the nearest dollar amount. Omit the “$” sign in your response.) Watson Technical Institute Adjusted Trial Balance December 31, 2011 Debit Credit $ $ Totals $ $ eBook Links (4)references 6. value: 16.00 points 4.1 Prepare Watson technical institute’s income statement for the year 2011. (Round your answer to nearest dollar amount. Input all amounts as positive values. Omit the “$” sign in your response.) WATSON TECHNICAL INSTITUTE Income Statement For Year Ended December 31, 2011 Revenues $ Total revenues $ Expenses Total expenses $ 4.2 Prepare Watson technical institute’s statement of owner’s equity for the year 2011. (Round your answer to nearest dollar amount. Input all amounts as positive values. Omit the “$” sign in your response.) WATSON TECHNICAL INSTITUTE Statement of Owner’s Equity For Year Ended December 31, 2011 $ $ 4.3 Prepare Watson technical institute’s balance sheet as of December 31, 2011. (Round your answer to nearest dollar amount. Be sure to list the assets and liabilities in order of their liquidity. Amounts to be deducted should be indicated by a minus sign. Omit the “$” sign in your response.) WATSON TECHNICAL INSTITUTE Balance Sheet December 31, 2011 Assets $ $ Total Assets $ Liabilities $ Total Liabilities Equity

use the number line and the benchmarkets 0,0.25,0.50,0.75, and 1.00 to estimate 2.04

I have to do and intro and four slides of a powerpoint  provide info for slides 8,9,10,11 and 12 all are of Eastern Religion. 

9        REAL WORLD LENS – NORTEL NETWORKS

 

1.  What do you think the impact on the firm will be of the loss of the CEO under an ethical cloud?

 

2.  What do you think Nortel learned in the early years of the 21^st century? 

 

 

What else can they do to enhance their business model?

 

The link to the case

http://books.google.ae/books?id=HmrGCMRS-UoC&pg=PA332&lpg=PA332&dq=What++can+NORTEL+NETWORKS+they+do+to+enhance+their+business+model&source=bl&ots=1qyEB7uC2u&sig=1wOozl18cF49bE2S3isRgJ2INXQ&hl=ar&sa=X&ei=4cqUUcfjMYy0rAfw5IGgCg&ved=0CCsQ6AEwAA#v=onepage&q=What%20%20can%20NORTEL%20NETWORKS%20they%20do%20to%20enhance%20their%20business%20model&f=false

 

Assignment 1: Discussion By Saturday, June 29, 2013, respond to the assigned Discussion Question. Submit your responses to the appropriate Discussion Area. Start reviewing and responding to your classmates as early in the module as possible.     For assistance with any problems you may have when completing this assignment—OR—to offer your assistance to classmates, please use the Problems and Solutions Discussion area located through the left side navigation link.

---

Use the Respond link to post responses and materials that pertain to this assignment. Use the Respond link beneath any existing postings to respond to them.

Discussion Question

Each stakeholder in the selection process – line managers, coworkers, and applicants – has distinctly different needs, desires, and goals for selection.  Discuss whether each stakeholder’s needs, desires, and goals for selection should be equally weighted.  Explain why or why not giving specific examples to support your response. Refer to Chapter 3 for information on the selection process.