Purpose of Assignment  The purpose of this assignment is to help students become familiar with the presentation of the income statement and the retained earnings statement, including how parts of the financial statement is evaluated to determine the operational success of the business. Assignment Steps  Resources:Financial Accounting: Tools for Business Decision Making, p. 36 Scenario: On June 1, 2017, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Below are the assets, liabilities, and common stock of the company June 30, 2017, and the revenues and expenses for the month of June, its first month of operations: Cash $ 4,600 Notes payable $12,000 Accounts receivable 4,000 Accounts payable 500 Service revenue 7,500 Supplies expense 1,000 Supplies 2,400 Maintenance and repairs expense 600 Advertising expense 400 Utilities expense 300 Equipment 26,000 Salaries and wages expense 1,400 Common stock 22,100 In June, the company issues no additional stock but paid dividends of $1,400.  Prepare an income statement, retained earnings statement, and balance sheet analyzing your findings using the questions below, in a total of 1,050 words: · Briefly address whether the company's first month of operations was a success. · Discuss the company's decision to distribute a dividend. Use the Excel® spreadsheet to show your work and submit it with your analysis. 1 The Standards of RFID in Aviation Industry Student's Name Institutional Affiliation: 1 The Standards of RFID in Aviation Industry As of late, Radio Frequency Identification (RFID) has gotten impressive consideration and is thought to be the following influx of data innovation insurgency. The number of RFID applications in various businesses is expanding persistently. Aggregate offers of RFID tag are up in 2006 which indicates RFID selection incline in ventures to enhance their proficiency of operations and to pick up an upper hand. In the flying business, real airplane terminals, carriers have been additionally arranging the RFID appropriation in things dealing with and client administrations regions for quite a while (Albrecht, McIntyre, & Recorded Books, Inc. 2006). Many pilot tests have been performed at different air terminals and RFID labels were observed to be significantly more exact alongside preferred execution over standardized identifications. This paper gives a survey on RFID systems, related innovation, favorable circumstances, confinements and applications in different fields. 2 Further, this paper reports the preparatory review of the province of RFID selection planning, engineering and performance design in a noteworthy career, concentrating on enhanced stuff dealing with, expanded airplane terminal/aircraft security and client services. 3 The use of Radio Frequency Identification (RFID) advances is developing. A wide range of RFID applications is actualized in different areas and used for altogether different purposes. RFID ...

1. Purpose of Assignment
The purpose of this assignment is to help students become
familiar with the presentation of the income statement and the
retained earnings statement, including how parts of the financial
statement is evaluated to determine the operational success of
the business.
Assignment Steps
Resources:Financial Accounting: Tools for Business Decision
Making, p. 36
Scenario: On June 1, 2017, Elite Service Co. was started with
an initial investment in the company of $22,100 cash. Below are
the assets, liabilities, and common stock of the company June
30, 2017, and the revenues and expenses for the month of June,
its first month of operations:
Cash
$ 4,600
Notes payable
$12,000
Accounts receivable
4,000
Accounts payable
500
Service revenue
7,500
Supplies expense
1,000
Supplies
2,400
Maintenance and repairs expense
600
Advertising expense
400
Utilities expense

2. 300
Equipment
26,000
Salaries and wages expense
1,400
Common stock
22,100
In June, the company issues no additional stock but paid
dividends of $1,400.
Prepare an income statement, retained earnings statement, and
balance sheet analyzing your findings using the questions
below, in a total of 1,050 words:
· Briefly address whether the company's first month of
operations was a success.
· Discuss the company's decision to distribute a dividend.
Use the Excel® spreadsheet to show your work and submit it
with your analysis.
1 The Standards of RFID in Aviation Industry
Student's Name
Institutional Affiliation:
1 The Standards of RFID in Aviation Industry
As of late, Radio Frequency Identification (RFID) has gotten
impressive consideration and is thought to be the following
influx of data innovation insurgency. The number of RFID
applications in various businesses is expanding persistently.
Aggregate offers of RFID tag are up in 2006 which indicates
RFID selection incline in ventures to enhance their proficiency
of operations and to pick up an upper hand. In the flying
business, real airplane terminals, carriers have been additionally
arranging the RFID appropriation in things dealing with and
client administrations regions for quite a while (Albrecht,
McIntyre, & Recorded Books, Inc. 2006).

3. Many pilot tests have been performed at different air terminals
and RFID labels were observed to be significantly more exact
alongside preferred execution over standardized identifications.
This paper gives a survey on RFID systems, related innovation,
favorable circumstances, confinements and applications in
different fields. 2 Further, this paper reports the preparatory
review of the province of RFID selection planning, engineering
and performance design in a noteworthy career, concentrating
on enhanced stuff dealing with, expanded airplane
terminal/aircraft security and client services.
3 The use of Radio Frequency Identification (RFID) advances is
developing. A wide range of RFID applications is actualized in
different areas and used for altogether different purposes. RFID
is presently at a phase where there are conceivably extensive
advantages from the more extensive application, however,
obstructions remain, justifying an arrangement structure to
improve business and purchaser benefits while adequately
tending to security and protection issues (Bhuptani, &
Moradpour, 2005). From an open approach point of view, such a
structure ought to be strong, innovation nonpartisan including
all RFID advancements and give the premise to shield natives
from present and future negative effects of the advances.
These approach standards deliver boundaries to more extensive
use of RFID. They draw on arrangement talks and scientific
investigations on RFID did by the OECD from 2005 to 2007. 3
RFID empowers remote information accumulation by tags from
electronic labels connected to or inserted in objects, for ID and
different purposes. RFID frameworks include programming,
system and database segments that empower data to spill out of
labels to the association's data foundation where it is handled
and put away. Frameworks are application-particular. Some
utilization detached, minimal effort labels with short read
ranges, most information on the system, and just little measures
of data on labels. Others utilize refined, elite labels with high
information limit or read goes that can have impressive
information on labels without network organization (Albrecht,

4. McIntyre, & Recorded Books, Inc. 2006).
At the exhibit, the higher limit labels stay less financially
reasonable yet their cost is diminishing and they are ending up
some portion of more extensive, frequently sensor-based,
frameworks. RFID applications have been being used for a long
time in transport (open transport passage), get to control cards,
building and roadway section, occasion ticketing and
administration, and, all the more as of late, in government
character cards and travel permits, and broadly in assembling
supply chains and in coordination for products conveyance.
Industry segments vary generally in RFID organization, with
numerous car organizations and healing centers depending on
RFID systems.
Discount and retail organizations are quickly embracing such
frameworks, with a move towards more thorough application
methodologies along part esteem chains. Most labeling still
happens at the bed and pressing container level, however, there
is a pattern of thing level labeling, starting with high-esteem
merchandise or segments, as label costs decay. Business
benefits are area particular and normally incorporate process
enhancement, more effective store network stock service, and
expanded process quality and security including reusing and
hostile to falsifying applications (Bhuptani, & Moradpour,
2005). Most usage ventures are in their beginning periods and
numerous organizations need to change the procedures or their
work association to better catch benefits.
The technology permits to clients to catch store and impart
Identification information and also nitty-gritty information on
labels. RFID is a turned out to be sent to catch information
productively, and it makes things savvy enough to give both
essential distinguishing proof data and in addition pertinent
basic information (Albrecht, McIntyre, & Recorded Books, Inc.
2006). A large number of the mechanical ranges hidden RFID is
as yet being produced and there are wide monetary advantages
to be picked up from proceeded with a look into in zones basic
to RFID advancement.

5. There are social advantages from proceeded with exploring on
issues identified with RFID use in the medicinal services or
ecological ranges eg obstruction with other medicinal gadgets,
the effect of electromagnetic fields on people, or the impact
labels will have on reusing rehearses. Advance endeavor to
inquire about and create savvy specialized measures implanting
security and security assurances in RFID frameworks ought to
likewise be supported
Despite the fact that the estimation of RFID-empowered
innovations in taking care of traveler packs is by and large
acknowledged in the business, the reception of these advances
is thwarted by concerns identifying with lacking rate of return
on them. Albrecht al. contended that the reason the vast
majority of the tasks neglected to exhibit the required budgetary
return was on account of they concentrated essentially on
expanded work efficiency in the stuff examining process, rather
than considering other more important uses of RFID-empowered
innovations, for example, the sparing in time, cash and exertion
from the evasion of exorbitant things dealing with exemptions.
2 RFID applications in various ventures, for example, flying,
cordiality, store network coordination, fabricating, military,
social insurance, are expanding in number. As one of the main
aircraft, this carrier needs to remain focused by offering most
noteworthy nature of traveler’s services and services level
(Heracleous, Wirtz, & Pangakar, 2006). One of the key
inclinations for the carrier is to offer phenomenal support of its
customer base and separate itself by actualizing RFID
technology to label the travelers’ things in stage one, and
furthermore the travelers themselves amid later stages.
2 The targets of the RFID business case were taken a toll
reserve funds and different advantages, for example, improved
wellbeing and quality control, expanded consumer loyalty and
so on. The selection of RFID innovation for the stuff arranging
and taking care of alongside the worldwide inventory network
gives a Win-Win-Win to the three primary partners, the aircraft,
the airplane terminals and the travelers (Bhuptani, &

6. Moradpour, 2005).
After the fruitful implementation of the RFID stuff labeling
system, the following period of the venture will be to stretch
out the framework to travelers labeling. By following the area
of travelers with the RFID cards, altered services can be offered
to build the consumer loyalty and make a positive effect on the
business turnover. Through reading the data on the RFID
inserted card of the top-notch travelers, they can be welcomed
in the dialect they incline toward, and they can be offered their
most loved daily paper and beverages once they enter the
exceptional travelers relax.
All in all, one of the key needs for the aircraft is to offer
amazing support of its customers and, also, the organization
seems to target essentially the exceptional portion of the
market. The favorable position of focusing on the best end
section of the market is that it gives the carriers the chance to
augment income and benefit era, a key factor in the exceedingly
aggressive and not extremely gainful aircraft industry.
References
Albrecht, K., McIntyre, L., & Recorded Books, Inc. (2006). The
Spychips Threat: Why Christians Should Resist Rfid And
Electronic Surveillance. Nashville, Tennessee: Thomas Nelson.
Bhuptani, M., & Moradpour, S. (2005). RFID field guide: 4
Deploying radio frequency identification systems. Upper Saddle
River, NJ [u.a. Prentice Hall PTR.
Heracleous, L., Wirtz, J., & Pangakar, N. (2006). Flying high in
a competitive industry: Cost-effective service excellence at
Singapore airlines. Singapore: Mcgraw-hill publishing co.
2 The Texas Administrative Code (TAC) is a collection of all
state office governs in Texas.
In Austin, L. M., & In Klimchuk, D. (2014). 2 Private law and
the rule of law.
P1-3AP1-3A Prepare an income statement, retained earnings
statement and balance sheet; discuss resultsOn June 1, 2017,

7. Elite Service Co. was started with an initial investment in the
company of $22,100 cash.Here are the assets, liabilities, and
common stock of the company at June 30, 2017, and the
revenues andexpenses for the month of June, its first month of
operations:Cash$4,600Notes payable$12,000Accounts
receivable4,000Accounts payable500Service
revenue7,500Supplies expense1,000Supplies2,400Maintenance
and repairs expense600Advertising expense400Utilities
expense300Equipment26,000Salaries and wages
expense1,400Common Stock22,100In June, the company issued
no additional stock but paid dividends of
$1,400.Instructions(a)Prepare an income statement and retained
earnings statement for the month of June and a balance sheetat
June 30, 2017.(b)Briefly discuss whether the company's first
month of operations was a success.(c )Discuss the company's
decision to distribute a dividend.NOTE: Enter a number in cells
requesting a value; enter either a number or a formula in cells
with a "?" .(a)ELITE SERVICE CO.Income StatementFor the
Month Ended June 30, 2017Revenues Service
revenueValueExpenses Salaries and wages expenseValue
Supplies expenseValue Maintenance and repairs
expenseValue Advertising expenseValue Utilities
expenseValue Total expenses?Net income?ELITE
SERVICE CO.Retained Earnings StatementFor the Month Ended
June 30, 2017Retained earnings, June 1ValueAdd: Net
incomeValue?Less: DividendsValueRetained earnings, June
30?ELITE SERVICE CO.Balance SheetJune 30,
2017AssetsCashValueAccounts
receivableValueSuppliesValueEquipmentValueTotal
assets?Liabilities and Stockholders' EquityLiabilities Accounts
payableValue Notes payableValue Total
liabilities?Stockholders' equity Common stockValue
Retained earningsValueValueTotal liabilities and stockholders'
equity?