In the course of two decades, Target has donated over $432 million to more than 100,000 local schools under its Take Charge of Education program.37 The company gave away 1 percent of shoppers' RED card purchases to the education initiative, but it found over time that only 10 percent of RED card holders enrolled in the program. The retailer also supported library makeovers and other school based grants. It will continue to fund meal programs for schoolchildren and money for field trips. In all, Target has recently met its goal of giving away $1 billion to education within a mere five years.38

The new CEO, Brian Cornell, has instituted many changes, including a reorientation in charitable giving. As shoppers have shifted their attention from education to health as their main concern, the retailer has followed suit and is putting its money where its customers are most likely to appreciate it.

Your Task Select one of the following tasks.

a. As a summer intern at Walmart, you are asked to prepare an informational memo about Target's charitable practices to send to your boss, Martin Chavez. Walmart is seeking greater community involvement to boost its public image. What types of projects does the Target Corporation fund? What other policies set this company apart from its competitors when it comes to giving back to the community? Write an individual informational e-mail or memo or one collaborative e-mail or memo as a team of summer interns. Alternatively, Martin Chavez could ask you to write an e-mail or memo describing how Target has handled controversies and what its actions say about the company's management and philosophy.

In each case, compile a bibliography of sources you used. Whenever appropriate, display numbers visually by creating charts, graphs, and tables.

You may want to start by viewing company mission statements and annual reports for discussions of corporate social responsibility, charitable giving, and worthy causes companies support. Then, go to independent sources for a more detached, objective perspective.

Hermad At Terkait ACCT 201 29 - October - Inventory Questions for Practice 1. Use the following information to answer question la, b & c. A company has inventory of 10 units costing $7 each on June sold 22 units in June 1". On June 23" it purchased 20 units at $10 each, and on June 30" it purchased 15 units at $12 each. The company Date No. Units Unit Cost Total By 23 20 15 7 45-10) la. Using LIFO determine the cost of the 22 units sold (show your calculations) LIFO Jun 30 15@ $2 L 70 Answer: The CGS Is $.. 15.2. 1b. Using FIFO determine the cost of the 22 units sold [show your calculations) 5 70 12 @ $10 4 120 CO45 = $190 Answer: The CGS is $ 1.1 12.. le. Using Weighted Average determine the value of ending inventory (show your calculations] Answer: The value of ending inventory is 5.. 2. BEC Co. uses the weighted average method to account for inventory. BEC's inventory on Nov 1" was 100 units at $20 each During Nov. BEC made the following purchases: Nov 5* 100 units at $22 each; Nov 19 50 units at $23 each; Nov 28* 50 units at $25 each. BEC sold 200 units during November. Determine the value of the ending inventory. A. $2,000 B. $2,200. C. $2,250. D. $2,400. E. $4,400.Next Page Previous Page Question 6 South River's general ledger showed a cash balance of $14.565 at October 31. The company's bank statement for the month of October showed that the company had a cash balance of $17,230 as at October 31. A comparison of the bank statement and the accounting records revealed the following information: -Bank service and credit card charges for the month were $65 The cash receipts for October 31 amounted to $3,600 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October. -During the last week of the month, one of South Raver's customers made an electronic payment directly to South River's bank in the amount of $2,740. Because the customer had not notified South River of the payment, the company was unaware of it until it received the bank statement for October South River had written and mailed out cheques with a value of $6.200 that had not yet cleared the bank account A cheque for $2 610 from one of South River's customers that had been deposited during the last week of October was returned with the bank statement as "NSF." Note: provide all answers with no dollar signs, commas, periods or space Question 33 (1 point) River's books (general ledger)? Black #1 On October 31", before the bank reconciliation is prepared, what is the cash balance is South . Question 34 (1 point] Type true, if you disagree with this statement type false Blank #2 When preparing the bank reconciliation, the bank service and credit card charges should be an adjustment to the cash balance in South River's books (general ledger). If you agree with this statementProblems: Problem 1 - worth 10 points Prepare a bank reconciliation for Wainwright, Martinez, & Garcia, LLC as of August 31 from the following information: (a.) The August 31 cash balance in the general ledger is $2,500. (b.) The August 31 balance shown on the bank statement is $1,967. (c.) Checks issued by the LLC, but not returned with the bank statement were No. 435 for $25 No. 448 for $90, and No. 449 for $60. (d.) A deposit made on August 31 for $750 was included in the general ledger balance but not in the bank statement balance. (e.) Interest credited to the account during August but not recorded on the company's books amounted to $40. (f.) A bank charge of $25 for printing new checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived. (g.) In the process of reviewing canceled checks, it was determined that a check which cleared the bank was issued to a supplier for the amount of $125 was recorded in the general ledger erroneously as a $152 cash disbursement. P 1.1 The reconciled balance at August 31 is (worth 4 points) a. $2,488 b. $3.425 C. $2,592 d. $2,542 e. $2,500 f. None of the above P 1.2 As a result of the reconciliation, the journal entry necessary to post into the general ledger would include (worth 2 points). a. A credit of $175 to accounts payable b. A credit of $40 cash c. A debit of $125 to accounts payable d. All of the above e. None of the above a. True 1.3 The error noted in letter g does not need to be posted into the general ledger. (worth 2 pointsk b. False5. Prepare the following bank reconciliation Balance per bank statement, Oct. 31 $10,410 Cash balance per general ledger (books) $11,200 Deposit made on Oct 31, not found on bank statement $1,865 Outstanding checks (total) $1,252 Check error: written for $152 but recorded for $125 Bank Service Charge $50 NSF check $100 Bank Side: Book Side: 6. What is the transaction on the accounting equation to record $40 in bank service charges? Assets Liabilities EquityThe accounts appear In the ledger of Tiger Inc. after the books are closed at December 31. Share CapitalOrdinary, no par, 82 stated value, 415,600 shares authorized; 284,200 shares Issued 568'an Ordinary Share Dividends Distributable 25,610 Share PremiumOrdinary 1,101,700 Share CapitalPreferenoe, 35 par value, 8%, 35,060 shares authorized; 23,050 shares 140 250 Issued ' Retained Earnings 76?,900 Treasury SharesOrdinary (13,700 shares} 94,530 Share PremiumPreference 50,877 Prepare the equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of 161,600. TIGER INC. Statement of Financial Position (Partial) December 31, 200