BAM110 unit 4 writing assignment

• Include your name, student number, course number, course title and unit number with your

writing assignment.

• Begin each writing assignment by identifying the question number you are answering followed by the actual question itself (in bold type).

• Use a standard essay format for responses to all questions (i.e., an introduction, middle

paragraphs and conclusion).

•Responses must be typed double-spaced, using a standard font (i.e. Times New Roman) and 12 point type size.

Word count is NOT one of the criteria that is used in assigning points to writing assignments. However, students who are successful in earning the maximum number of points tend to submit writing assignments that fall in the following ranges:

Undergraduate courses: 350 - 500 words or 1 - 2 pages.

Graduate courses: 500 - 750 words or 2 - 3 pages.

Doctoral courses: 750 - 1000 words or 4 - 5 pages.

Plagiarism

All work must be free of any form of plagiarism. Put written answers into your own words. Do not simply cut and paste your answers from the Internet and do not copy your answers from the textbook. Be sure to refer to the course syllabus for more details on plagiarism and proper citation styles.

Please answer ONE of the following:

• Include your name, student number, course number, course title and unit number with your

writing assignment.

• Begin each writing assignment by identifying the question number you are answering followed by the actual question itself (in bold type).

• Use a standard essay format for responses to all questions (i.e., an introduction, middle

paragraphs and conclusion).

1. Calculate the ending inventory under each of the following methods given the information below about purchases and sales during the year. Assume a periodic inventory system.

April 1 Beginning inventory 20 units @ $30

11 Purchases 70 units @ $32

21 Purchases 50 units @ $35

Sales for April: 115 units

a. ________ FIFO

b. ________ LIFO

c. ________ Weighted-average

2. Rockwell Industries purchased a plant asset to be used in its business. The expenditures

included:

Cost of machine $8,000

Special concrete base to support machine 500

Freight charges 1,000

Repair cost of damage incurred during installation 300

The Machine account will be debited for ________.

3. List and discuss the following:

a. Rights of common stockholders

b. Rights of preferred stockholders