Instructor: E Glendale Community College Business Division Team Project Spring 2021 Accounting 102 – Ticket # 1362 After the 1st exam, teams will be assembled by the instructor to apply the principles...

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HI, I need to be finished part 9 only.
there are two files one is a sample project another is direction.


Instructor: E Glendale Community College Business Division Team Project Spring 2021 Accounting 102 – Ticket # 1362 After the 1st exam, teams will be assembled by the instructor to apply the principles in the course in manufacturing a product. The project will be divided in to 2 parts with a written portion which includes an Introduction, Analysis & Conclusion (min. 4 pgs. – max. 8 pgs. Between Introduction and Conclusion but does not include Cover Page, Table of Contents, Bibliography, Exhibits, References, etc.) And an oral presentation part by all members (minimum 1.5-2 minutes presentation by each member) of the team—not to exceed 15 minutes. The written portion is due on the day of the oral team presentation and must be submitted at the start of class time or points will be deducted. Written Report (120 Points): Your written report should be in APA style format, double space with no smaller than an 8 size font and no larger than a 12 size font. You are starting a brand new company. Pick a product to make for your project. You may use the following resources to choose a product: Some ideas for products can be found on www.youtube.com under the following search item: · Discovery Channel – How it is made Information on how products are made can be accessed on www.madehow.com. Information about existing/competing companies may be found on www.annualreports.com The report should include the following: 1. Cover Page 2. Table of Contents 3. Introduction: In an introductory paragraph please provide the following a. Why the product was chosen b. How is the product made (process) c. How long it takes to produce the product d. Equipment/materials needed e. How much material is needed f. How many workers are needed 4. Discussion of current condition of the company 5. Comparative analysis with a competitor 6. Selected Problem and Solution to the Problem: Your team will need to select at least one problem from below and include the solution in your project a. How low can you lower your selling price and still make a profit? b. A supplier has offered to sell you an item that you currently produce. Do you accept the offer or do you keep making the product? c. You need to buy a new machine. What is the payback period? What is the net present value of the investment? What is the internal rate of return of the investment/project? 7. Conclusion with projection of the future of the company 8. References/Sources/Bibliography 9. Concepts from Managerial Accounting (see below) A minimum of 20 different concepts (of which nos. 1 to 20 below must be included) is to be applied to the project from the chapters covered in the course and should be identified in the report. Examples of concepts are as follows: 1. Sales Budget – Ch. 8 2. Schedule of Expected Cash Collections – Ch. 8 3. Production Budget – Ch. 8 4. Direct Materials Budget – Ch. 8 5. Schedule of Expected Cash Disbursements – Ch. 8 6. Direct Labor Budget – Ch. 8 7. Manufacturing Overhead Budget – Ch. 8 8. Selling, General and Administrative Expense Budget – Ch. 8 9. Income Statement: Absorption Approach – Ch. 7 10. Income Statement: Contribution Margin (CM) Approach – Ch. 1 11. Cost of Goods Manufactured (COGM) – Ch. 3 12. Cost of Goods Sold (COGS) – Ch. 3 13. Cash Flow Statement – Ch. 13 14. Balance Sheet – Ch. 13 15. Break-Even Analysis – Ch. 6 16. Accounts Receivable Turnover – Ch. 14 17. Inventory Turnover – Ch. 14 18. Debt to Equity Ratio – Ch. 14 19. Gross Margin Ratio – Ch. 14 20. Current Ratio – Ch. 14 USE OF PROPER GRAMMAR AND COMPUTATIONS IN THE PROJECT IS EXPECTED AND WILL BE INCLUDED IN GRADING THIS ASSIGNMENT! Oral Report (80 Points): Sales pitch of your product and company including why this product was chosen, what it is about, etc. The emphasis of the presentation should be to attract potential investors for your organization. You must identify yourself prior to your individual portion of the presentation. Summary of calculations of costs and profits should be included in the presentation. The presentation should be in the format of an Executive Summary and must use PowerPoint (use bullets instead of paragraphs). Oral presentation will be graded based on (1) Enthusiasm, (2) Preparedness, (3) Clarity of Speech, (4) Topic Orientation, and (5) Posture/Eye Contact. Team Member Evaluation: Each team member must evaluate team members’ contribution to the team project by sending an e-mail to the instructor with a ranking of 1 to 3 (with 1 being the lowest and 3 being the highest) for each team member—including yourself—and must include a brief explanation as to why that ranking is warranted for that team member. If no evaluation is submitted then that team member is to receive the lowest score possible (1) for their self-evaluation and the highest possible score (3) to the other team members. The e-mail must be sent no earlier than the day before and no later than the day after the team presentation date. Team member points for the project may be adjusted based on team member evaluations submitted. Notes: 1) The project assignment is designed to be a competition between the different teams and will be graded accordingly. 2) Due Date: June 03, 2021 (Written Reports and Presentations) 2
Answered Same DayMay 27, 2021

Answer To: Instructor: E Glendale Community College Business Division Team Project Spring 2021 Accounting 102 –...

Riddhi answered on May 28 2021
131 Votes
1. Balance sheet
    Particulars
    Amount
    Current assets
     
    Cash
    401075
    Account’s receivable
    107775
    Inventory
     
    Other curre
nt assets
     
     
    508850
    Long term assets
     
    Long term assets
    0
    Accumulated depreciation
    0
    Total long-term assets
    0
    Total Assets
    508850
     
     
    Liabilities and capital
     
    Accounts Payable
    210460
    Current Borrowings
    0
    Other Current Liabilities
    115356
    Subtotal current liabilities
    325816
    Long-term Liabilities
    0
    Total Liabilities
    325816
    Paid-in capital
    10000
    Retained earnings
     
    Earnings
    173034
    Total Capital
    183034
    Total Liabilities and capital
    508850
     
     
2. Income statement
    Particulars
    Q1
    Q2
    Q3
    Total
    Sales
    47,900
    119000
    359250
    526150
     
    47,900
    1,19,000
    3,59,250
    5,26,150
    Direct Cost of sales
     19,160
     47,600
     1,43,700
     2,10,460
    Gross Margin
     28,740
     71,400
     2,15,550
     3,15,690
    Expenses
     
     
     
     
    Payroll
    3000
    4500
    9000
    16500
    Rent
    1000
    1000
    1000
    3000
    Utilities
    800
    800
    800
    2400
    Insurance
    1000
    1000
    1000
    3000
    General and administrative exp
    800
    800
    800
    2400
    Profit after interest and taxes
     22,140
     63,300
     2,02,950
    288390
    Interest
    0
    0
    0
    0
    Taxes
     8,856...
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