****Each section must be completed serperately****
Section One
Resources:
Over 30 workers trapped after Chilean copper mine collapse
San José mine, a small copper operation in northern Chile owned by Minera San Esteban Primera, suffered a cave-in on August 5, leaving 33 workers trapped underground
San José mine, a small copper operation in northern Chile owned by Minera San Esteban Primera, suffered a cave-in on August 5, leaving 33 workers trapped underground.
Rescuers are drilling holes in an attempt to locate the workers, but there is no official confirmation whether they would be alive after four days with limited food, water and oxygen.
A second cave-in on Saturday forced rescuers to suspend works for several hours.
Workers are trapped at a depth of around 300 metres.
Local organisations, such as the federation of Chilean mining workers (FMC) and the confederation of copper workers (CTC) have questioned Minera San Esteban’s safety record, highlighting several fatal accidents that have previously been reported at the small company.
Chile’s president Sebastián Piñera has promised a thorough investigation into the accident.
Minera San Esteban produces around 1,200 tpy of copper, according to local news reports.
The San José mine was closed in March 2007 following a fatal accident in January that year. It resumed operations a year later, reports said.
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By Juan Weik
Write a 700- to 1,050-word paper using the article above as well as others as a resource. Because communications must be designed with the audience in mind, answer the following questions:
- What are some considerations to remember given the different roles and people in the audience?
- What would be the potential needs of the miners’ families in receiving a message about this incident?
- What would be the potential needs of the company’s employees when receiving a message about this incident?
- What actions must you take before and after the message is delivered to ensure that it was received as intended?
Draft two communications from the mining company announcing the accident, using what you have learned about audience and effective messages. One communication should be directed to the families of the trapped miners and the other should be an internal news release to the company’s employees. For both, identify the most appropriate channel—face-to-face, e-mail, video, memo, and so on.
Section Two
Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company.
Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:
- What are the company’s total assets at the end of its most recent annual reporting period? Why is this important?
- What are the total assets at the end of the previous annual reporting period?
- How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?
- What amount of accounts payable did the company have at the end of its most recent annual reporting period?
- What amount of accounts payable did the company have at the end of the previous annual reporting period?
- What are the company’s net revenues for the last three annual reporting periods?
- What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?
- What are the company’s total current assets at the end of its most recent annual reporting period?
- What are the total current assets at the end of the previous annual reporting period?
- What in the information above would be important to a potential investor, employee, and so on?
Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.
Include a copy of the company’s balance sheet and income statement.
Section Three
P4-8A
Dana La Fontsee opened Pro Window Washing Inc. on July 1, 2012. During July
the following transactions were completed.
July 1 Issued 12,000 shares of common stock for $12,000 cash.
1 Purchased used truck for $8,000, paying $2,000 cash and the balance on
account.
3 Purchased cleaning supplies for $900 on account.
5 Paid $1,800 cash on 1-year insurance policy effective July 1.
12 Billed customers $3,700 for cleaning services.
18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on
cleaning supplies.
20 Paid $2,000 cash for employee salaries.
21 Collected $1,600 cash from customers billed on July 12.
25 Billed customers $2,500 for cleaning services.
31 Paid $290 for maintenance of the truck during month.
31 Declared and paid $600 cash dividend.
The chart of accounts for Pro Window Washing contains the following accounts: Cash,
Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation—
Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained
Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense,
Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages
Expense.
Instructions
(a) Journalize the July transactions.
(b) Post to the ledger accounts. (Use T accounts.)
(c) Prepare a trial balance at July 31.
(d) Journalize the following adjustments.
(1) Services provided but unbilled and uncollected at July 31 were $1,700.
(2) Depreciation on equipment for the month was $180.
(3) One-twelfth of the insurance expired.
(4) An inventory count shows $320 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $400.
(e) Post adjusting entries to the T accounts.
(f ) Prepare an adjusted trial balance.
(g) Prepare the income statement and a retained earnings statement for July and a classified balance sheet at July 31.
(h) Journalize and post closing entries and complete the closing process.
(i) Prepare a post-closing trial balance at July 31.
Each response must be consistent with APA guidelines complete with in-text citations as well as reference page.
Jermaine Byrant
Nicole Johnson
OVER
RATING
YEARS
