*NEW* ACC 225: Week Four Solution

ACC 225

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 225 Week 4 Solution

1. CheckPoint: Preparing Balance Sheets and Adjusting entries (Post in the Individual Forum – Due Day 2)
• Review: pgs 136-138 and Exhibit 4.1 on how to create a worksheet
• Resource: Fundamental Accounting Principles, pp. 156 & 159-160
• Complete Quick Study question 4-2 on p. 156 and Exercises 4-4 & 4-9 on p. 159-160.

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2. Assignment: Preparing Entries and Statements (Post in the Individual Forum – Due Day 6)
• Resources: Fundamental Accounting Principles, pp. 167-168
• Complete problems 4-2B and 4-3B. When responding to the analysis component of 4-3B, think critically about the possible errors that are described. In your answer, carefully analyze the worksheet as if the errors were made and present the evidence for your explanation.

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ACC 225: Week Four Solution

ACC 225

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 225 Week 4 Solution

CheckPoint: Preparing Balance Sheets and Statements

• Resource: Fundamental Accounting Principles, pp. 156 and 159
• Due Date: Day 4 [Individual] forum
• Complete Quick Study question QS 4-2 on p. 156 and Exercises 4-4 and 4-5 on p. 159.
• Post your answers as an attachment.
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Assignment: Preparing Entries and Statements

• Resources: Fundamental Accounting Principles, pp. 165-167
• Due Date: Day 7 [Individual] forum
• Complete Problems 4-5A and 4-6A. When responding to the analysis component of 4-
5A, be sure to think critically about the possible errors that are described. In your answer,
be sure to carefully analyze the worksheet as if the errors were made and present the
evidence for your explanation. Identify the consequences of the errors and describe their
impact on the financial statements. Explain whether the error is likely to be discovered
when completing the worksheet.
• Post your answers as an attachment.
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FIN 200: Week Four Solution

FIN 200

Axia College of University of Phoenix (UoP)

Introduction to Finance: Harvesting the Money Tree

Fin 200 Week 4 Solution

CheckPoint: Break-Even Analysis

• Resource: Ch. 5 of Foundations of Financial Management
• Due Date: Day 5 [Individual forum]
• Complete Problem 13 on p. 144.

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Healthy Foods, Inc., sells 50-pound bags of grapes to the military for $10 a bag.
The fixed costs of this operation are $80,000, while the variable costs of the
grapes are $.10 per pound.
a. What is the break-even point in bags?
b. Calculate the profit or loss on 12,000 bags and on 25,000 bags.
c. What is the degree of operating leverage at 20,000 bags and at 25,000 bags?
Why does the degree of operating leverage change as the quantity sold
increases?
d. If Healthy Foods has an annual interest expense of $10,000, calculate the
degree of financial leverage at both 20,000 and 25,000 bags.
e. What is the degree of combined leverage at both sales levels?

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