Listen Module 3 – SLP Balance Sheet We’re continuing to analyze the


Module 3 – SLP

Balance Sheet

We’re continuing to analyze the same company as in Modules 1 and 2.

Additional information added in Module 2

One client indicated that they were interested in purchasing $42,500 worth of products. However, the client has not actually committed to the purchase.

The bookkeeper already corrected the sales account. However, the bookkeeper may have made a mistake when computing cost of goods sold. She included total production costs for 2014 and did not adjust ending inventory for the $42,500 worth of units left at the end of the year. The amount of ending inventory was determined using a physical count.

Additional information for Module 3

The company made a secondary offering of stock and raised an additional $180,000 which includes $150,000 of Paid-in Capital.

The company had already paid $15,000 in dividends before deciding on the offering.

The company now has cash to invest in a piece of raw land on which to build in the future. The investment takes place before year end. The cost of the land is $400,000, the down payment is $40,000 and a note to the bank covers the rest.

Nybrostrand Company


Trial Balance   (accounts in alphabetical order)




Accounts payable


$ 78,000

Accounts receivable

$ 36,500





Common stock



Depreciation expense



Cost of goods sold



Equipment (net of   depreciation)









Long-term debt






Paid-in capital



Property taxes






Retained earnings


















SLP Assignment Expectations

Prepare a balance sheet for the company in good format. Update the balance sheet for the changes to income in Module 2 and also consider the effect of paying the dividend. You do not need to include the income statement.

The submission should be 2- to 4-pages and need to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.[supanova_question]

The first element of managerial accounting is cost behavior within an organization.

Writing Assignment Help The first element of managerial accounting is cost behavior within an organization. Management analysis of cost behavior influences cost classifications and decisions made in order to control costs. This module covers two main concepts—cost management and how it is used in strategic decision making. In any strategic decision making, ethics always should be top priority. Not only is making ethical decisions the correct thing to do, but it is also key to running an efficient, long-term business.

For example, assume you are in charge of the pharmacy in a hospital. In your role as manager, you need to help control the cost of medications administered to patients. Many of these drugs are very expensive and are never fully reimbursed by the patients’ insurance companies. One day, an individual offers to sell you the required medications for exactly one-half of the cost currently paid. This individual represents a company that has had significant issues with timely delivery in the past and that has been subject to multiple lawsuits by other hospitals. The company’s failure to deliver the drugs on time had caused significant patient-care issues within those hospitals. Strictly from a cost standpoint, you might think it would be sensible to switch to this vendor. However, ethically, is it appropriate to make the switch that may save cost but also risk the well-being of patients?

Strategic decisions are the most important decisions a company can make because they dictate future decisions and level of organization performance. Some common examples of strategic decisions include:

Finding or seeking out new business opportunities that will allow the organization to grow and expand

Responding to any threats to competitive advantage to protect the company’s place in the industry

Creating goals related to the performance of the organization and finding ways to reach these goals in a reasonable time frame

There are many other strategic decisions not listed that companies make on a daily basis.

Cost management is made up of three parts:

A philosophy to increase customer value while keeping costs at a minimum

An attitude that accepts all decisions made by management will incur a cost

Techniques to allow an organization to increase customer value while at the same time reducing costs

In order to do these three things, managers must always collect and interpret information to find alternate ways of doing business. One common way of doing this is through a cost-benefit analysis. A cost-benefit analysis is used to assess the believed benefits and costs of a business move. If the benefits outweigh the costs, the decision will be considered beneficial. If the costs outweigh the benefits, the decision will not be considered worthwhile.

Using the navigation on the left, please proceed to the next page.[supanova_question]