Discussion Question: What are the six reportable diagnosis?

According to the FDA Food Code, foods that are cooked and then cooled must be cooled in which of the following ways:

Proper refrigerator storage. A refrigerator has three layers, top, middle, and bottom. There are three different types of food below. Please draw lines to connect the food to the correct layers. Layer A Layer B Layer C

Growth of a child  is determined by nutrition and environment only 

Use the adjusted trial balance and prepare a properly formatted classified Balance Sheet Holiday’s Music Corp. Adjusted Trial Balance 30-Apr   Dr. Cr. Cash $68,000   Accounts Receivable 12,000   Prepaid Insurance 850   Prepaid Advertising 13,250   Office Supplies                1,475   Merchandise Inventory            27,850   Equipment          250,000   Accumulated Depreciation-Equipment   $100,000 Music Copyrights            60,000   Accounts Payable   10,300 Salaries Payable   63,018 Notes Payable   7,500 Long-term Notes Payable    92,500 Common Stock   25,000 Retained Earnings   173,862 Dividends 30,000   Sales   $265,065 Sales Discount            25,702   Sales Returns and Allowances              4,370   Cost of Goods Sold          124,209   Insurance Expense (on office)              3,000   Advertising Expense              1,900   Office Salaries Expense            23,000   Office Supplies Expense              13,319   Office Rent            24,000   Depreciation Expense- Office Building              5,000   Royalties (an expense)            26,000   Travel Expenses (sales related)            13,200   Utilities Expense              7,230   Interest Expense              2,890                 Totals $737,245 $737,245  

Match the inventory valuation method from the list below that is being described in each situation 1-5. In all cases, assume a period of rising prices. Yes, you will use a method more than once! FIFO First in, first out LIFO Last in, first out WA Weighted average SI Specific identification   The method that is used if each inventory item can be matched with a specific purchase and invoice.   The method that will cause the company to have the lowest income taxes.   The method that will cause the company to have the lowest cost of goods sold.   The method that will assign a value to inventory that approximates current cost.   The method that will tend to smooth out erratic changes in costs.

The overstatement of the ending inventory balance causes:

Product Units on Hand Unit Cost Market Value Hand Pies 50 $2.25 $1.15 Whole Pies 18 8 11 Cobblers 15 9.75 7.50 Do not round answers.  What is current inventory cost? What is value of inventory after applying the lower of cost or market (LCM) value for each individual item? What is the adjusting entry to adjust the inventory after applying LCM? Accounts Debit Credit            

  October 1 Planet Express Inc. sold to Moe’s Tavern LLC. merchandise that cost $14,440 for $58,880, 2/10, n EOM, FOB Destination. October 2 Shipping cost of $2,009 is paid.  October 7 Planet Express accepted a return of merchandise of $3,880 that cost $890.  October 10 Moe’s Tavern pays the invoice.  Create a table and prepare journal entries for Planet Express and Moe’s Tavern. ***Do all entries for Planet Express and then all entries for Moe’s Tavern.***

Use the adjusted trial balance and prepare a properly formatted Multi-step Income Statement.  Holiday’s Music Corp. Adjusted Trial Balance 30-Apr   Dr. Cr. Cash $68,000   Accounts Receivable 12,000   Prepaid Insurance 850   Prepaid Advertising 13,250   Office Supplies                1,475   Merchandise Inventory            27,850   Equipment          250,000   Accumulated Depreciation-Equipment   $100,000 Music Copyrights            60,000   Accounts Payable   10,300 Salaries Payable   63,018 Notes Payable   7,500 Long-term Notes Payable    92,500 Common Stock   25,000 Retained Earnings   173,862 Dividends 30,000   Sales   $265,065 Sales Discount            25,702   Sales Returns and Allowances              4,370   Cost of Goods Sold          124,209   Insurance Expense (on office)              3,000   Advertising Expense              1,900   Office Salaries Expense            23,000   Office Supplies Expense              13,319   Office Rent            24,000   Depreciation Expense- Office Building              5,000   Royalties (an expense)            26,000   Travel Expenses (sales related)            13,200   Utilities Expense              7,230   Interest Expense              2,890                 Totals $737,245 $737,245