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##### Saint Leo MBA 101 assignments

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Question;Saint Leo MBA 101 assignmentsModule 2Problem 3-24Problem 4-22Module 3Problem 5-33Problem 6-25Module 4Problem 2. The Jiffy Manufacturing Company started operations in 2012;when it acquired \$100,000 from its owners. During the year, the company;incurred the following costs:The company placed 12,000 units;into production, completed 10,000 units, and sold 8,000 units. The average;selling price was \$17 per unit.;Required;1) Prepare a schedule of cost of goods manufactured and sold for the year ended;December 31, 2012.;2) Prepare an income statement for the year ended December 31, 2012.Problem 2. Allen Corporation was organized on July 15, 2012. It was;authorized to issue 150,000 shares of \$25 par value common stock and 50,000;shares of 6% cumulative preferred stock. The preferred stock had a stated value;of \$50 per share. The following stock transactions relate to Allen Corporation.;?;Issued 55,000 shares;of common stock for \$33 per share.;?;Issued 2,750 shares of;the class A preferred stock for \$62 per share.;?;Issued 27,500 shares;of common stock for \$35 per share.;Required;1) Indicate the effect of each of these transactions on Allen's financial;statements. Include dollar amounts in the model, below. After recording the;three transactions, calculate column totals.;2) After these transactions have been recorded, what is the total amount of;stockholders' equity?;3) After these transactions have been recorded, how many shares of common stock;are outstanding?;Module 5Problem 1. The following information applies to Barnhart Company;Additional information;Net Credit Sales = \$220,000Beginning Accounts Receivable = \$10,000Problem 2. The Jiffy Manufacturing Company started operations in 2012;when it acquired \$100,000 from its owners. During the year, the company;incurred the following costs:The company placed 12,000 units;into production, completed 10,000 units, and sold 8,000 units. The average;selling price was \$17 per unit.;Required;1) Prepare a schedule of cost of goods manufactured and sold for the year ended;December 31, 2012.;2) Prepare an income statement for the year ended December 31, 2012.Module 8Exercise 15-3Exercise 16-5

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