Jason Johnson - Antiques Store

In: Business and Management

Submitted By simonetta85
Words 362
Pages 2
Trans # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 20a

Cash 20,000 10,000 2,000 200 500 720 1,300 400 170 900 800 600 150

Office Supplies

Inventory

Prepaid Insurance

Display Shelving

Computer Equipment 1,800

Creditors

Accruals

Bank Loan

Capital 20,000 1,800

Profit and Loss

P&L Detail

10,000 2,000 300 500 720 1,300 280 280 -170 Payment of Electricity Bill 900 150 140 50 190 120 -140 -50 -190 -120 4800 -1080 2,050 Estimate of phone account for April Loan Interest Accrual Estimated office supplies consumed in April Insurance charge for April. Sale of 800 Postcards @ $600 per unit Cost of goods sold (i.e. Average Weighted @ $1.35 per unit) 800 -600 Wages - Assistant 400 Rent for the month of April 100

-

4,800 27,060 110 1,080 1,620 600 2,000 2,080 230 190 10,000 21,000

Jason Johnson - Antique Store Income Statement For the month ending 30 April 2013 $ Sales Less Cost of Sales Gross Profit Less Expenses Rent Office Supplies Used Telephone Wages Electricity Interest Insurance Total Expenses Net Profit Jason Johnson - Antique Store Statement of Changes in Equity For the month ending 30 April 2013 Capital Contributed Add Net Profit Less Drawings 21,800 2,050 23,850 800 23,050 $ 4,800 1,080 3,720 400 190 140 600 170 50 120 1,670 2,050

Jason Johnson - Antiques Balance Sheet As at 30 April 2013 Assets Current Cash Office Supplies Inventory Prepaid Insurance Non-Current Display Shelving Computer Equipment Total Assets Liabilities Current Creditors Accruals Non-Current Bank Loan Total Liabilities Net Assets Owners Equity Inventory c) d) e) f) Balance as above Assume FIFO Assume LIFO Assume SP is $1 Quantity Unit Price 1,200 1.35 1,200 1,200 1,200 N/A N/A 0.90 Total $ 1,620 1,680 1,540 1,080

27,060 110 1,620 600 29,390 2,000 2,080 4,080 33,470

230 190 420 10,000 10,420 23,050 46,100…...

Similar Documents

Jason

...In the case “Jason Tybell”, Jason, a junior accountant in a professional accountancy corporation of Rodgers & Philips, is concerned about a meeting he had with his mentor, William Jackson. The meeting concerns the fact that Jason was not asked to work on the current year’s audit of two clients that he did work on during his first year because of complaints about Jason’s inappropriate comments in meetings with client personnel. Realizing there was a big problem with Jason, Jackson decided to schedule an appointment with other key people in the firm to discuss the future of Jason. From a rights perspective, Jason’s right to truth is threatened by his mentor William Jackson. Instead of telling Jason what his problem is, Jackson decided to end the meeting by making an excuse that he had to go somewhere. Jackson hasn’t counseled Jason in an honest and open manner. Jason is on the fast track with Rodgers & Philips, and he receives high evaluations from his seniors. However, he was requested not serve on the engagement team because of complaints about Jason’s inappropriate comments in meetings with client personnel. It is unfair between Jason and the other employees of Rodgers & Philips. All employees should be evaluated by the firm in an honest and fair manner. Jason was given a good evaluation on the audit by the senior. If an employee is being given a job evaluation, it is assumed that it will assess the employee’s strengths and weaknesses. However, the performance evaluation...

Words: 448 - Pages: 2

Jason

...Jason Epps September 13, 2012 M. S.45 Class 801 Science project #1 Hi my name is Jason Epps, I think I am normal because I do what most kids do, which is play sports. Like for example baseball and baseball. I don’t like to move around a lot, but I love volley ball. I am the type of student that if I do something wrong, I will fix it. I always try to do the right thing. I don’t like to talk that much. I just want to learn what I need to learn as a student. My major strengths are Ela and math. These subjects are the easiest to me because I study math at home, and in Ela I read every day. I think one of my major weaknesses is gym. I found out that cells break up into a whole bunch of cells. Some are good for you body like red blood cells, and some can kill you like cancer cell if they spread they can kill you. To me getting good grades means having about an 80%, or higher, in each class. I think grades are important, because they will help you get into a good school. My goal is to get better grades and maintain 85% or higher. The perfect high school, for me, would have good teachers, a good environment, and it would be a good place to grow, as a student. There would be teachers that got the students prepared for life after high school. They would have metal detectors at the door, just for safety measures. They will have a great after school program. The teachers will stay after school to help each student. The school I want...

Words: 655 - Pages: 3

Johnson and Johnson

...Johnson & Johnson Company I. History Johnson and Johnson is an American multinational pharmaceutical, medical devices and consumer packaged goods manufacturing company. Johnson and Johnson was founded in 1886 in New Brunswick, New Jersey by three brothers Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson. Between 1888 and 1921 Johnson and Johnson had a lot of first with products such as first aid kits, dental floss, sanitary napkins for women, band aids, baby powder( which later leads to the company's booming Baby business products). Also it was the first company to provide disaster relief to citizens of Galveston, Texas after a hurricane( the tradition begins). Beginning in 1924 is when Johnson and Johnson expanded its company overseas to countries such as United Kingdom, Mexico, South Africa, Australia, Argentina, and Brazil. Between 1954 and 1989 Johnson and Johnson made expansions to their company such as putting operating companies in India, China, and Egypt. They entered new eras of health care such as vision care, diabetes management and mechanical wound closures. Johnson and Johnson was the first company to introduce disposal contact lenses, they also joined forces with big companies such as Neutrogena, Kodak's Clinical Diagnostics, Cordis Corporation and Centocor. Johnson and Johnson has been around for 126 years providing care for patients and communities around the world. Today Johnson and Johnson has over 250 companies in bout 57 different......

Words: 715 - Pages: 3

Jason

...  PARENTS ARE REMINDED THAT FIRST YEARS ARE NOT ALLOWED THEIR OWN BROOMSTICKS   "Can we buy all this in London?" Harry wondered aloud.   "If yeh know where to go," said Hagrid.   Harry had never been to London before. Although Hagrid seemed to know where he was going, he was obviously not used to getting there in an ordinary way. He got stuck in the ticket barrier on the Underground, and complained loudly that the seats were too small and the trains too slow.   "I don't know how the Muggles manage without magic," he said as they climbed a broken-down escalator that led up to a bustling road lined with shops.   Hagrid was so huge that he parted the crowd easily; all Harry had to do was keep close behind him. They passed book shops and music stores, hamburger restaurants and cinemas, but nowhere that looked as if it could sell you a magic wand. This was just an ordinary street full of ordinary people. Could there really be piles of wizard gold buried miles beneath them? Were there really shops that sold spell books and broomsticks? Might this not all be some huge joke that the Dursleys had cooked up? If Harry hadn't known that the Dursleys had no sense of humor, he might have thought so; yet somehow, even though everything Hagrid had told him so far was unbelievable, Harry couldn't help trusting him.   "This is it," said Hagrid, coming to a halt, "the Leaky Cauldron. It's a famous place."   It was a tiny, grubby-looking pub. If Hagrid hadn't pointed it out, Harry......

Words: 77924 - Pages: 312

Johnson and Johnson

...Mission : Johnson & Johnson (NYSE: JNJ) is a global American pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. The company's founder wrote a statement of its values called "our Credo" in 1943 and this still dominates the company's culture. Firstly, “We believe our first responsibility is to the doctors, nurses and patients, to mothers and fathers and all others who use our products and services”.Secondly,” We are responsible to our employees, the men and women who work with us throughout the world.  Everyone must be considered as an individual and  we must respect their dignity and recognize their merit.   Compensation must be fair and adequate, and working conditions clean, orderly and safe. We must be mindful of ways to help our employees fulfil their family responsibilities”. Thirdly,”We are responsible to the communities in which we live and work and to the world community as well”.  We must be good citizens - support good works and charities and bear our fair share of taxes.  We must encourage civic improvements and better health and education.  We must maintain in good order the property we are privileged to use, protecting the environment and natural resources. Our final responsibility is to our stockholders. Our suppliers and distributors must have an opportunity to make a fair profit” . ( “COMPANY STATEMENT” ) Source: http://www.oup.com/uk/orc/bin/9780199296... EXECUTIVE SUMMARY: In 1886 , Three brothers, Robert......

Words: 853 - Pages: 4

Johnson Johnson

...| 8 | 5 | Kaizen Advantages | 8 | 6 | Kaizen Disadvantages | 9 | 7 | Conclusion | 9 | 8 | Application to Industry | 10 - 11 | 9 | References | 12 | SUBMITTED TO: NIK MUZARENI BT NIK MOHAMED History of Johnson & Johnson Johnson & Johnson was first found by three brothers, Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson in New Brunswick, New Jersey, U.S. In 1873, the company was named Seabury & Johnson and led by Robert Wood Johnson. It focussed on medical products business with his partner, George Seabury. Robert then hired his brothers, Edward and James to work with the company. Later on, in 1886, the two younger brothers left Seabury & Johnson and formed new company called Johnson & Johnson which is after their names. The company’s logo is actually based on James’s handwriting which can be seen below his photograph. Robert then left Seabury & Johnson and joined his brothers. Basically, the new company’s idea of manufacturing sterile surgical dressings was inspired by Robert. The first product of the company was improved medicinal plasters that actually help hospitals to reduce the percentage of death after surgery and Robert Wood Johnson’s dream realised. He was the chairman of Johnson & Johnson and led the company until his death in 1910. James then takes place as the chairman and the company then began to grow successfully. He takes over the leadership until 1932. During their operation of the company they......

Words: 955 - Pages: 4

Johnson&Johnson

...Johnson & Johnson is a multinational, medical device, pharmaceutical and consumer packaged goods manufacturer founded in 1886. One of the biggest health care com panies in the world was recently hurt by recalls, causing thousands of lawsuits and a new CEO being hired. Alex Gorsky, the new CEO of J&J, will face multiple challenges including making sure products are safe for the consumers. J&J was known for product safety, but the many recalls have caused consumers to question what they previously thought of the company. Some of the major issues that caused this decline is sales and revenue are the fact individual ethics were almost completely lost during this troublesome time. The consumer’s personal values were not considered. William Weldon’s responsibilities as CEO were also ignored, which trickled down to lower level management. Another Huge issue was that no one wanted to take social responsibility for the problems of J&J, this caused consumers to shy away from products. Someone should have stepped up and taken responsibility and an accommodative approach. This may have led to a smaller loss of sales. Alex Gorsky has a big challenge ahead of him, trying to improve the relationship between J&J and its consumers. He needs to step up and become a better CEO than his predecessor. Gorsky needs to gain back the trust of his employees and his loyal customers. Being a more personable and accommodative provider can go a long way in this process. He......

Words: 364 - Pages: 2

Johnson & Johnson

...| Johnson & JohnsonSubmitted to:Submitted by: Date: 31st December, 2014 | | | | | | | | Index Particulars | Pg.Nos. | Introduction(about co., credo, history, subsidiary holdings, product) | 03 | Strategic framework | | Environmental analysis(PESTEL,Porter,SWOT,competitor, value chain) | | Business level strategy | | Corporate level strategy | | Strategic acquisitions | | Corporate governance | | References | 12 | Introduction Johnson & Johnson is an American multinational pharmaceutical, medical devices, and consumer packaged goods manufacturer founded in 1886. It is headquartered in New Brunswick, New Jersey and being listed among the Fortune 500. The corporation includes some 250 subsidiary companies with operations in over 57 countries and products sold in over 175 countries. Johnson & Johnson and its subsidiaries (the Company) have approximately 128,100 employees worldwide engaged in the research and development, manufacture and sale of a broad range of products in the health care field. The Company conducts business in virtually all countries of the world with the primary focus on products related to human health and well-being. Our Credo: Credo,a deeply held set of values that have served as the strategic and moral compass for generations of Johnson & Johnson leaders. * We believe our first responsibility is to the doctors, nurses and patients, to mothers and fathers and all others who use our......

Words: 4017 - Pages: 17

Johnson & Johnson Case

...Johnson & Johnson’s Quality Catastrophe Individual Case Study Analysis Johnson & Johnson is a multinational medical devices, pharmaceutical, and consumers packaged goods manufacturer founded in 1886. Until 2005, this corporation ranked at the top of Harris Interactive National Corporate Reputation survey, and was also ranked as the world’s most respected corporation by Barron’s Magazine. This global corporation is made up of 250 subsidiary companies with operations in over 57 countries and products sold in over 174 countries. Due to product recalls, fines for pharmaceutical marketing practices, litigation with shareholders, and other legal issues, Johnson & Johnson’s reputation has been adversely affected in recent years. SWOT Analysis Strengths Johnsons & Johnson is a corporation that has achieved economies of scale and scope. It has a strong global presence represented by over 250 subsidiary companies operating all over the globe. Overall, it has an excellent product portfolio and high quality offerings that satisfies consumer needs on a daily basis. This corporation has placed a huge emphasis on establishing a strong customer base, with recognition for brand loyalty and image. Johnson & Johnson has been a leader in pharmaceuticals and medical devices, which accounts for almost 80% of the corporation’s total revenues. One of its major strengths is the importance of the pharmaceutical and medical advances the company has contributed to society.......

Words: 2469 - Pages: 10

Johnson and Johnson

...JOHNSON AND JOHNSON MKT/421 JUNE 25, 2015 JOHNSON AND JOHNSON SEGMENTATION Segmentation consists of variables that can be seen in demographics (population), geographic (location) and financial information. For both consumer and business segmentation you can easily get the information from government reports (census), researching other reports (news media), Wall Street Journal and other reporting financials. Segmentation will offer the marketer a shorter time frame and lower cost on their research. (Know this) In viewing if a segment is worth going after a target market the marketer must answer the questions set for them below: Does the market show signs of growth? Does the company have the talent, knowledge and seniority to understand the segment? Does the segment meet the standards of the company? CONSUMER SEGMENT Johnson and Johnson NYSE:JNJ Johnson & Johnson’s 2014 Full-Year Sales of $74.3 Billion Increased 4.2%; Full-Year EPS was $5.70. The Consumer segment sells a board range of products from baby care, skin care, oral care, wound care and the women’s health care fields, nutritional and over-the-counter pharmaceutical products. These products are marketed and sold retailers and distributors to the public. Johnson & Johnson has a clear advantage over the competitors with their bran line of products like: Aveeno, Clean &......

Words: 596 - Pages: 3

Jason

...engineer, has sold her 15-year patent for a new etching process to Silica Labs, Inc. In return, she has received $500,000 in cash and, based on its value on the sale date, $200,000 in common stock in Silica Labs. The stock is forecasted to double in market value over the next two months. Assuming that Silica Labs holds some long-term debt, which of the following describes the effect of the transaction on Silica Labs? Current ratio will decrease and total debt to equity ratio will increase Current ratio will increase and total debt to equity ratio will decrease Current ratio will increase and total debt to equity ratio will increase Current ratio will decrease and total debt to equity ratio will decrease 8. Lucky Lee, a video-game store in New York city, purchases a game machine directly from Taiwan for $30,000. In the U.S., the same machine will probably cost at least $36,000. Pick the most appropriate accounting action for Lucky Lee: Record the machine at $36,000 Record the machine at $30,000 Record the machine for [($30,000+$36,000)/2] = $33,000 Have the machine examined by an independent appraiser and record it at the appraised value 9. Which one of the following is an item of owners' equity? Bank loan Suppliers' monetary claims Prepaid expenses Earnings generated by the entity 10. Complete the following sentence: The Conservatism Concept directs an entity to consider recognizing a liability when it is __________________. absolutely certain economic......

Words: 2989 - Pages: 12

Johnson and Johnson

...ABOUT THE COMPANY 1. Details about the promoters of the company. Johnson and Johnson 2. Vision and Mission of the company credo, it states that as a company, their first and number one responsibility is to the doctors, nurses, patients, mothers, fathers, employees, communities, and stockholders. Their credo challenges them to put the needs and well-being of the people they serve first. * Provide high quality products for doctors, nurses, patients, and parents. * Treat employees as individuals with opportunities for development and advancement. * Support good works and charities in each community . * Meet the responsibility to the stockholders by making a sound profit, while continuing research and development. 3. Historical background of the company Three brothers, Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson, found Johnson & Johnson in New Brunswick, New Jersey, U.S in 1886 Their initial focus was on bandages, sterile sutures, wound care and baby products. Their first-aid kits, originally sold to railroad workers, would later become a staple in nearly every household. They also sold women’s health products, including sanitary protection products and maternity kits with first-aid products to assist in home births. Johnson and Johnson in India Johnson & Johnson spread its root into India 67 years ago. Since then, the Company has brought many innovative ideas, products and services to improve the health......

Words: 5970 - Pages: 24

Johnson & Johnson

...Case #1 Personally, I am in a full support, to put the customers first and shareholders last. Because companies sell trust and if you put the customers first then you’re showing that you care for them. In return, the customers will feel secure and confident to buy the company’s products or services. For example Johnson & Johnson company’s credos is “A company that put customers first and shareholders last ultimately benefited both groups”. I don't think the company would have recovered from the incident of tampering with Tylenol in 1982 if the CEO, Burke, did not choose to put customers first. I mean, if he hadn't taken such drastic measures, for consumers there might have always been a bit of uncertainty about buying Tylenol products. I believe that the acceptance of financial losses and maintaining a strong, ethical business core helped rebuild and make the J & J stronger. This proves how an organization and a CEO with corporate social responsibility cores can handle a catastrophe by doing the right thing worldwide. At the end, this social responsibility core idea benefited the customers, employees and shareholders in return. In conclusion, I also think corporations should act in the public interest whenever it is right for them to do it; when not putting in danger their bottom line. Like everything in life, moderation and self-control should be practice, meaning that the company should focus on its interest but also should focus on increasing the social......

Words: 327 - Pages: 2

Johnson and Johnson

...Assignment #1 Johnson & Johnson and Guidant FIN 648 February 13, 2006 Shreyasee Kothari Shalini Ramchandren Mattia Valdisolo William Smith Guidant, a company in the surgical & medical instruments & apparatus, is in the process of being acquired by Johnson & Johnson (J&J), a company that engages in the manufacturing and selling of various products in the health care field. By evaluating each company’s current strategy, it can help to decipher if J&J is undertaking a company that can add value to its business. Using several strategy models, such as Porter, Kauppi, the BCG Growth Matrix, and a Strength, Weakness, Opportunities, and Threats (SWOT) analysis for each company, we can identify how these companies operate in their own industries, as well as compare each to assess compatibility. Porter’s Model: 1. Barriers to Entry a. Regulatory restrictions: Guidant has extreme federal restrictions, as mandated by the industry it is in. By operating in the United States (US), Guidant must comply with the laws of the Federal Drug Agency (FDA). Operations in other countries (over 100) must comply with FDA equivalents in their respective countries. (Guidant 10-K 2004) Primary operations are in the US, Asia, and Europe. “The regulations also hold true for J&J due to the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA) that took effect on January 1, 2006. It will have a major impact on how drug companies negotiate...

Words: 3136 - Pages: 13

Johnson & Johnson

...Johnson & Johnson Johnson & Johnson is known around the world today as the most competitive and broadly based manufacturer of health care products. J & J also provides other services to the pharmaceutical and medical diagnostic markets. In 1887, three brothers, Robert Wood, Edward Mead, and James Wood Johnson set out to create Johnson & Johnson; which became one of the largest health care companies. The company started in Brunswick, New Jersey with only fourteen employees, today employs more than 110, 000 employees. J & J’s objective is to provide scientifically sound, high quality products and services to help, heal, cure disease and improve the quality of life. With their objective set high, J & J has social responsibility, sets guidelines for FrameworkS to help with creativity within the company, infuse ethics into its decision making, and strives to keep ahead of the competition in the fast paced market. The Johnson and Johnson (J & J) company has been motivated to accomplished its Credo which is its social responsibilities. J & J has been reaching out to support social and public health programs as well as medical educational initiatives around the world. Its Credo emphasizes the vision of Global responsibility toward communities in which they live in and work, its customers and global environment, employees, finally its stockholders. J & J’s community responsibility has been made by providing financial support, product donations and health care expertise......

Words: 2632 - Pages: 11