Now, you will take what you've learned from this scenario and apply it to real life. Your teacher will assign you to a group with four other students. In your group you will complete a small project, such as coordinating a volunteer clean-up or clothing drive. Before you begin, complete the following:
a. Assign roles and design an organizational structure for your project group. (2 points)

b. Based on what you've learned in this lesson, describe the type of culture you want to create in your group. Think about business standards, such as effectiveness, accountability, and teamwork, and how your group can work towards these standards as you complete this project. (2 points)

c. Briefly describe the goal and plan for your project. Create a checklist of criteria for measuring success to help you meet your goal and complete your plan. (2 points)

Once you have completed your project, answer the following questions:
d. Evaluate the effectiveness of the organizational structure you created with your group. Did the structure allow you to operate effectively as a team? (2 points)

e. Were you able to create and maintain the culture you envisioned for your group? (2 points)

f. Were you able to achieve the goal of your project? (2 points)

Barbara jones opened barb’s book business on february 1, 2010. the company specilizes in editing accounting textbooks. you have been hired as manager. your duties include maintaining the company’s financial records. the following transactions occurred in february , the first month of operations. a. received shareholders' cash contributions on february 1 totaling $16,000 to form the corporation; issued 1,000 shares of common stock. b. paid $2,400 cash on february 2 for three months' rent for office space. tip: for convenience, simply record the full amount of the payment as an asset (prepaid rent). at the end of the month, this account will be adjusted to its proper balance. c. purchased and received supplies on february 3 for $300 cash. d. signed a promissory note on february 4, payable in two years; deposited $10,000 in the company's bank account. e. on february 5, paid cash to buy equipment for $2,500 and land for $7,500. f. placed an advertisement in the local paper on february 6 for $425 cash. g. recorded sales on february 7 totaling $1,800; $1,525 was in cash and the rest on accounts receivable. h. collected accounts receivable of $50 from customers on february 8. i. on february 9, repaired one of the computers for $120 cash. tip: most repairs involve costs that do not provide additional future economic benefits. j. incurred and paid employee wages on february 28 of $420.required: set up appropriate t-accounts for cash, accounts receivable, supplies, prepaid rent, equipment, furniture and fixtures, notes payable, contributed capital, service revenue, advertising expense, wages expense, and repair expense. all accounts begin with zero balances.tip: when preparing the t-accounts, you might find it useful to group them by type: assets, liabilities, stockholders’ equity, revenues, and expenses.2. record in t-accounts the effects of each transaction in february, referencing each transaction in the accounts with the transaction letter. show the unadjusted ending balances in the t-accounts. 3. prepare an unadjusted trial balance at the end of february.4. refer to the revenues and expenses shown on the unadjusted trial balance. based on this information, write a short memo offering your opinion on the results of operations during the first month of business.

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: