Question 1 of 1 4.75/10 Waterways Corporation is a private corporation formed for the purpose of providing the products and the vided to write farmu, parks.commercial projects and private. It has a centrally located factory inaus city that manufactures the products markets to retail outlets across the nation. It also maintain a division that performestallation and warranty servicing in metropolitan areas The mission of Waterways is to manufacturer Quality parts that can be used for tective irrigation projects that also comerwe watet By that effort, the company hopes to satisfy its customers. perform rapid and responsible rice and serve the community and the employees who represent them in each community The company has been prown rapidly to management is considering new ideas to help the company contents prout and maintain the highly of its products Waterways was founded by Will Winkman who is the company president and checutiveficer CO Worlong with him from the company's inception is Will's brother, whose sprinkler de grandes about the nation of proper stavebna maior basis of the company's success. Ben is the vice president who oversees all pects of designed production in the company The factory itself is managed by Todd Senter who is in managers to supervise the factory employees. The actory mom the parts for the ration systems. The purchasing department managed by eins The installation and training division is diversen by vice president Hey Writer where the managers of the instation Operations. Each of these local manager novice po The Vimpler the home othe under Henry Wierdiction because of the uniqueness of the company's products 3d0 . Question 1 of 1 3 4.75 / 10 III There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing arex she oversees 10 well trained salespeople The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president: she is a member of the Institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input optrators who maintain the financial records A partial list of Waterways accounts and their balances for the month of November follow Accounts Receivable $272,300 Advertising Expenses 54200 Cash 258.100 Depreciation --Factory Equipment 16.900 Depreciation Office Equipment 2,400 Direct Labor 42300 Factory Supplies Used 16.900 * 0 0 520 FM Question 1 of 1 > 4.75/10 III Factory Utilities 10.300 68.500 22.600 48.500 1700 Finished Goods Inventory, November 30 Finished Goodstaventory, October 31 Indirect labore Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials inventory. November 30 Raw Materials inventory. October 31 71.500 41.400 52.700 37.700 Raw Materials Purchase 183.100 47300 Rent --Factory Count Repairs-Factory Equipment 4400 Salaries 32100 Sales Revenue 1334.800 Question 1 of 1 4.75/10 !!! Work in Processor November 1 Direct Materials Raw Materias Inventory November 1 37.700 Raw Material Purchases 183100 Totat Raw Materials for Use 220.00 Les Raw Material to November 30 52700 Direct Materad 168100 Direct Labor 100 in Over SITIV wa 4.75/10 iii Factory Utilities 10300 Factory Supplies Used 16900 Repairs--Factory Equipment 4400 Rent Factory Louiment 47.00 Depreciation-Factory Equipment 1600 Total Factory Overhead 146300 Total Manufacturing Costs Total Cost of Work in Process Work in Proces. Nowbr20 $ $ 0 0 525 12 4.75/10 lent 16900 144300 406900 nventory, November 30 42500 $ 364400 List of Accounts 4.847 10 ini WATERWAYS CORPORATION Income Statement For the Month of November, 2016 Sales Revenue Cost of Goods Sold Finished Goods Inventory November 1 Cost of Goods Manufactured DIT Cost of Goods Available for Less Finished Goods inventore Nowmber 30 Contot Goods Sol Gross Pratt E 1 4.847 10 II WATERWAYS CORPORATION Income Statement For the Month 2015 bert DICE Im N30 * Soo Question 1 of 1 4.84/ 10 I! Operating Seling Expres Sales Commission Adrien Doom Otto Scene 23 FM 3 d. Question 1 of 1 > 4.84 / 10 Office Supplies Expense Other Administrative Expenses Salaries Salaries Stare tincolo List of Accounts Question 1 of 1 4.84 / 10 III $ List of Accounts QULSLIUILIUI 5.02/10 ITT A list of accounts and their values are given above. From this information, prepare a partial balance sheet for Waterways Corporation for the month of November (List Current Assets in order of liquidity) WATERWAYS CORPORATION Balance Sheet (partial) November 30, 2016 Assets 6 22 5:26 PM Question 1 of 1 5.02/10 E List of Accounts