Prepare journal entry dated May 31 to record the indirect labor costs.

Problem 20-1A Production cost flow and measurement; journal entries L.O. P1, P2, P3, P4

[The following information applies to the questions displayed below.]

Edison Company manufactures wool blankets and accounts for product costs using process costing. The following information is available regarding its May inventories.

 

  Beginning Inventory   Ending Inventory  
  Raw materials inventory $ 60,000   $ 41,000  
  Goods in process inventory   449,000     521,500  
  Finished goods inventory   610,000     342,001  

 

The following additional information describes the company’s production activities for May.

 

       
  Raw materials purchases (on credit) $ 250,000  
  Factory payroll cost (paid in cash)   1,850,300  
  Other overhead cost (Other Accounts credited)   82,000  
  Materials used      
       Direct $ 200,500  
       Indirect   50,000  
  Labor used      
       Direct $ 1,060,300  
       Indirect   790,000  
  Overhead rate as a percent of direct labor   115 %
  Sales (on credit) $ 3,000,000  

 

The predetermined overhead rate was computed at the beginning of the year as 115% of direct labor cost.

 

\\\\\ rev: 11_02_2011

references

1.

value: 2.00 points

 

 

Problem 20-1A Part 1

Required:
1(a) Compute the cost of products transferred from production to finished goods. (Omit the “$” sign in your response.)

 

  Cost of products transferred $

 

1(b) Compute the cost of goods sold. (Omit the “$” sign in your response.)

 

  Cost of goods sold $

rev: 10_31_2011

check my work eBook Links (4) references

 

2.

value: 5.00 points

 

 

Problem 20-1A Part 2

2(a) Prepare journal entry dated May 31 to record the raw materials purchases. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(b) Prepare journal entry dated May 31 to record the direct materials usage. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(c) Prepare journal entry dated May 31 to record the indirect materials usage. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(d) Prepare journal entry dated May 31 to record the payroll costs. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(e) Prepare journal entry dated May 31 to record the direct labor costs. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(f) Prepare journal entry dated May 31 to record the indirect labor costs. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(g) Prepare journal entry dated May 31 to record the other overhead costs. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(h) Prepare journal entry dated May 31 to record the overhead applied. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(i) Prepare journal entry dated May 31 to record the goods transferred from production to finished goods.(Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       

 

2(j) Prepare journal entry dated May 31 to record the sale of finished goods. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
May 31      
       
       
       
   
Fairfax Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During September, the company transferred 760,000 units of product to finished goods. At the end of September, the goods in process inventory consists of 203,000 units that are 90% complete with respect to labor. Beginning inventory had $438,165 of direct materials and $188,540 of direct labor cost. The direct labor cost added in September is $3,582,260, and the direct materials cost added is $2,932,335.

references

3.

value: 2.00 points

 

 

Problem 20-2A Part 1

Required:
1(a) Determine the equivalent units of production with respect to direct labor.

 

  Equivalent units  

 

1(b) Determine the equivalent units of production with respect to direct materials.

 

  Equivalent units  

check my work eBook Links (2) references

 

4.

value: 2.00 points

 

 

Problem 20-2A Part 2

2. Compute both the direct labor cost and the direct materials cost per equivalent unit. (Round your answers to 2 decimal place. Omit the “$” sign in your response.)

 

  Per equivalent unit
  Direct labor cost $
  Direct materials cost $

check my work eBook Links (2) references

 

5.

value: 2.00 points

 

 

Problem 20-2A Part 3

3(a) Compute both direct labor cost and direct materials cost assigned to units completed and transferred out. (Due to rounding of cost per unit, the total costs accounted for in the cost summary may not equal to sum of all the costs given in the problem. Round your per unit costs to 2 decimal places and final answers to the nearest dollar amount.)

   

  Cost transferred out
  Direct materials $
  Direct labor $

 

3(b) Compute both direct labor cost and direct materials cost assigned to ending goods in process inventory. (Due to rounding of cost per unit, the total costs accounted for in the cost summary may not equal to sum of all the costs given in the problem. Round your per unit costs to 2 decimal places and final answers to the nearest dollar amount.)

 

  Costs of ending goods in process
  Direct materials $
  Direct labor $

Problem 20-3A Journalizing in process costing; equivalent units and costs L.O. C2, P1, P2, P3

[The following information applies to the questions displayed below.]

Li Company produces large quantities of a standardized product. The following information is available for its production activities for January.

 

               
  Raw materials         Factory overhead incurred      
  Beginning inventory $ 16,000     Indirect materials used $ 80,500  
  Raw materials purchased (on credit)   280,000     Indirect labor used   40,000  
  Direct materials used   (171,500 )   Other overhead costs   159,920  
           
  Indirect materials used   (80,500 )   Total factory overhead incurred $ 280,420  
     
  Ending Inventory $ 44,000          
         
          Factory overhead applied      
  Factory payroll            (140% of direct labor cost)      
  Direct labor used $ 200,300     Total factory overhead applied $ 280,420  
           
  Indirect labor used   40,000          
         
  Total payroll cost (paid in cash) $ 240,300          
         
Additional information about units and costs of production activities follows.

 

               
  Units       Costs        
  Beginning goods in process inventory 2,600     Beginning goods in process inventory        
  Started 26,000          Direct materials $ 3,000    
  Ending goods in process inventory 4,900          Direct labor   3,500    
             Factory overhead   4,000    
           
            $ 10,500
  Status of ending goods in process inventory       Direct materials added       171,500
     Materials—Percent complete 90  %   Direct labor added       200,300
     Labor and overhead—Percent complete 75  %   Overhead applied (140% of direct labor)       280,420
           
        Total costs     $ 662,720
           
        Ending goods in process inventory     $ 92,911
During January, 22,000 units of finished goods are sold for $160 cash each. Cost information regarding finished goods follows.

 

       
  Beginning finished goods inventory $ 150,000  
  Cost transferred in   569,809  
  Cost of goods sold   (598,390 )
 
  Ending finished goods inventory $ 121,419  
 

references

6.

value: 5.00 points

 

 

Problem 20-3A Part 1

Required:
1(a) Prepare journal entry dated January 31 to record the purchase of raw materials. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(b) Prepare journal entry dated January 31 to record the direct materials usage. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(c) Prepare journal entry dated January 31 to record the indirect materials usage. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(d) Prepare journal entry dated January 31 to record the factory payroll costs. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(e) Prepare journal entry dated January 31 to record the direct labor costs used in production. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(f) Prepare journal entry dated January 31 to record the indirect labor costs. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(g) Prepare journal entry dated January 31 to record the other overhead costs—credit Other Accounts.(Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(h) Prepare journal entry dated January 31 to record the overhead applied. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       

 

1(i) Prepare journal entry dated January 31 to record the goods transferred to finished goods. (Omit the “$” sign in your response.)
Date General Journal Debit Credit
Jan. 31      
       

 

1(j) Prepare journal entries dated January 31 to record the sale of finished goods. (Omit the “$” sign in your response.)

 

Date General Journal Debit Credit
Jan. 31      
       
       
       
       

check my work eBook Links (4) references

 

7.

value: 5.00 points

 

 

Problem 20-3A Part 2

2. Prepare a process cost summary report for this company, showing costs charged to production, units cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. (Due to rounding of cost per unit, the total costs accounted for in the cost summary may not equal to sum of all the costs given in the problem. Round your cost per EUP answers to 2 decimal places and consider the same in the other calculations. Round other answers to the nearest dollar amount. Omit the “$” sign in your response.)

 

LI COMPANY
Process Cost Summary
For Month Ended January 31
  Costs Charged to Production    
  Costs of beginning goods in process    
  $  
     
     
   
    $
  Costs incurred this period    
  $  
     
     
   
     
   
  Total costs to account for   $
   

 

Unit cost information
Units to account for   Units accounted for  
       
       
   
  Total units to account for     Total units accounted for  
   

 

Equivalent units of production Direct Materials Direct Labor Factory Overhead
   EUP  EUP  EUP
   EUP  EUP  EUP
 
  Equivalent units of production  EUP  EUP  EUP
 

 

Cost per EUP Direct Materials Direct Labor Factory Overhead
  $   $   $  
             
 
  Total costs $   $   $  
     EUP      EUP    EUP
 
  Cost per EUP $  Per EUP $  Per EUP $  Per EUP
 

 

Cost assignment and reconciliation
  Costs transferred out    
  $  
     
     
   
    $
  Costs of ending goods in process    
  $  
     
     
   
     
   
  Total costs to account for   $
   

roblem 20-5A Process cost summary, equivalent units, cost estimates L.O. C2, C3, P4

[The following information applies to the questions displayed below.]

Ogden Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Direct labor and overhead are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process cost accounting. During October, the company completed and transferred 24,600 units of product to finished goods inventory. Its 4,200 units of beginning goods in process consisted of $20,800 of direct materials, $203,300 of direct labor, and $100,040 of factory overhead. It has 3,000 units (100% complete with respect to direct materials and 90% complete with respect to direct labor and overhead) in process at month-end. After entries to record direct materials, direct labor, and overhead for October, the company’s Goods in Process Inventory account follows.

 

  Goods in Process Inventory     Acct. No.133
Date Explanation Debit Credit Balance
Oct.  1   Balance     324,140
31   Direct materials 504,900   829,040
31   Direct labor 1,224,300   2,053,340
31   Applied overhead 963,840   3,017,180

references

8.

value: 5.00 points

 

 

Problem 20-5A Part 1

1. Prepare the company’s process cost summary for October using the weighted-average method. (Due to rounding of cost per unit, the total costs accounted for in the cost summary may not equal to sum of all the costs given in the problem. Round your cost per EUP answers to 2 decimal places and consider the same in the other calculations. Round other answers to the nearest dollar amount. Omit the “$” sign in your response.)

 

OGDEN CO.
Process Cost Summary
For Month Ended October 31
  Costs Charged to Production    
  Costs of beginning goods in process    
  $  
     
     
   
    $
  Costs incurred this period    
  $  
     
     
   
     
   
  Total costs to account for   $
   

 

Unit cost information
Units to account for   Units accounted for  
       
       
   
  Total units to account for     Total units accounted for  
   

 

Equivalent units of production Direct Materials Direct Labor Factory Overhead
   EUP  EUP  EUP
      EUP  EUP  EUP
 
  Equivalent units of production  EUP  EUP  EUP
 

 

Cost per EUP Direct Materials Direct Labor Factory Overhead
  $ $ $
       
 
  Total costs $ $ $
    EUP   EUP   EUP
 
  Cost per EUP $  per EUP $  per EUP $  per EUP
 

 

Cost assignment and reconciliation
  Costs transferred out    
  $  
     
     
   
    $
  Costs of ending goods in process    
  $  
     
     
   
     
   
  Total costs to account for   $
   

Why did Justice Black distinguish between his personal views on the statute and the power of the Court to overturn it?

MAKE SURE TO ADD ALL CITING AT THE END OF YOUR ASSIGNMENTS AS WELL.

Please post your answers  in detail to:

Chapter 2 assignment : Essay questions with citing.

#1,2,3,4- page 47

Chapter 5 assignment: Essay questions  1,2,3,4 page 132-133

1. The Senate recently released a report on wrongdoing at JP Morgan Chase. It found that bank executives lied to investors and the public. Also, traders, with the knowledge of top management, changed risk limits to facilitate more trading and then violated even these higher limits. Executives revalued the bank’s investment portfolio to reduce apparent losses. JP Morgan’s internal investigation failed to find this wrongdoing. Into what ethics traps did these JP Morgan employees fall? What options did the executives and traders have for dealing with this wrongdoing?

2. Located in Bath, Maine, Bath Iron Works builds high tech warships for the Navy. Winning Navy contracts is crucial to the company’s success—it means jobs for the community and profits for the shareholders. Navy officials held a meeting at Bath’s offices with its executives and those of a competitor to review the specs for an upcoming bid. Both companies desperately wanted to win the contract. After the meeting, a Bath worker realized that one of the Navy officials had left a folder on a chair labeled: “Business Sensitive.” It contained information about the competitors’ bid that would be a huge advantage to Bath. William Haggett, the Bath CEO, was notified about the file just as he was walking out the door to give a luncheon speech. What should he do? What pitfalls did he face? What result if he considered Mill, Kant, or the Front Page test?

3. A group of medical schools conducted a study on very premature babies—those born between 24 and 27 weeks of gestation (instead of the normal 40 weeks). These children face a high risk of blindness and death. The goal of the study was to determine which level of oxygen in a baby’s incubator produced the best results. Before enrolling families in the study, the investigators did not tell them that being in the study could increase their child’s risk of blindness or death. The study made some important discoveries: the level at which too much oxygen increased the risk of blindness and level at which too little increased the risk of death. What would Mill and Kant say about this decision not to tell the families?

4. Because Raina processes payroll at her company, she knows how much everyone earns, including the top executives. This information could make for some good gossip, but she has kept it all completely secret. She just found out, however, that her boss knew that it is against company policy for her to do payroll for C-level employees. Yesterday, the CEO went to her boss to confirm that he, the boss, was personally doing the processing for top management. Her boss lied to the CEO and said that he was. Then he begged Raina not to tell the truth if the CEO checked with her. Raina just got a message that the CEO wants to see her. What does she say if he asks about the payroll?

1. YOU BE THE JUDGE WRITING PROBLEM Scott Fane was a CPA licensed to practice in New Jersey and Florida. He built his New Jersey practice by making unsolicited phone calls to executives. When he moved to Florida, the Board of Accountancy there prohibited him (and all CPAs) from personally soliciting new business. Fane sued. Does the First Amendment force Florida to forgo foreclosing Fane’s phoning? Argument for Fane: The Florida regulation violates the First Amendment, which protects commercial speech. Fane was not saying anything false or misleading, but was just trying to secure business. This is an unreasonable regulation, designed to keep newcomers out of the marketplace and maintain steady business and high prices for established CPAs. Argument for the Florida Board of Accountancy: Commercial speech deserves—and gets—a lower level of protection than other speech. This regulation is a reasonable method of ensuring that the level of CPA work in our state remains high. CPAs who personally solicit clients are obviously in need of business. They are more likely to bend legal and ethical rules to obtain clients and keep them happy, and will lower the standards throughout the state.

2. President George H. W. Bush insisted that he had the power to send American troops into combat in the Middle East, without congressional assent. Yet before authorizing force in Operation Desert Storm, he secured congressional authorization. President Bill Clinton stated that he was prepared to invade Haiti without a congressional vote. Yet he bargained hard to avoid an invasion, and ultimately American troops entered without the use of force. Why the seeming doubletalk by both Presidents?

3. In the landmark 1965 case of Griswold v. Connecticut, the Supreme Court examined a Connecticut statute that made it a crime for any person to use contraception. The majority declared the law an unconstitutional violation of the right of privacy. Justice Black dissented, saying, “I do not to any extent whatever base my view that this Connecticut law is constitutional on a belief that the law is wise or that its policy is a good one. [It] is every bit as offensive to me as it is to the majority. [There is no criticism by the majority of this law] to which I cannot subscribe—except their conclusion that the evil qualities they see in the law make it unconstitutional.” What legal doctrines are involved here? Why did Justice Black distinguish between his personal views on the statute and the power of the Court to overturn it?

4. Gilleo opposed American participation in the war in the Persian Gulf. She displayed a large sign on her front lawn that read, “Say No to War in the Persian Gulf, Call Congress Now.” The city of Ladue prohibited signs on front lawns and Gilleo sued. The city claimed that it was regulating “time, place, and manner.” Explain that statement, and decide who should win.

How much will the company pay in separation costs if each worker receives $5,000 when separated?

All else constant, what would Baldwin’s SG&A/Sales ratio be if the company had spent an additional $1,500,000 for Buddy’s promotional budget and $750,000 for Buddy’s sales budget?
Select: 1
11.3%
8.4%
11.8%
9.8%
The Chester’s balance sheet has $106,417,000 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year?
Select: 1
$16.22
$71.60
$32.41
$33.33
Chester Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. How much will the company pay in separation costs if each worker receives $5,000 when separated?
Select: 1
$225,000
$2,030,000
$90,000
$812,000
In the Month of March, Baldwin Corporation received orders of 162 units at a price of $15.00 for their product Bold. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 108 units in March and the balance of 54 units in April. They received payment for 54 units in March, 54 units in April, and 54 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
Select: 1
$2,430 , 0
0 , $2,430
$1,620 , $810
$810 , $810
Your Competitive Intelligence team is predicting that the Baldwin Company will invest in adding capacity to their Baker product this year. Assume Baldwin’s product Baker invests in increasing its capacity by 10% this year. Because of this new information, your company anticipates all other products in the Core segment will increase their capacity by the same amount. How much can the industry produce in the Core segment the next year? Consider only products primarily in the Core segment last year. Ignore current inventories. Figures in thousands (000).
Select: 1
8,725
9,702
7,675
8,652
11,066
3,980
7,668
Assume Andrews is paying a dividend of $1.38 (per share). If this dividend was raised by 15%, given its current stock price, what would be the Dividend Yield?
Select: 1
0.9%
134.5%
0.7%
0.7%
Last year Abby charged $2,753,867 Depreciation on the Income Statement of Andrews. If Abby sold a fully depreciated piece of equipment at a loss, the effect on Andrews’s financial statements would be (all other items remaining equal):
Select: 1
Decrease Net Cash from operations on the Cash Flow Statement
No impact on Net Cash from operations
Increase Net Cash from operations
Just impact the Balance Sheet
The Baldwin company wants to decrease its plant utilization for Buddy by 15%. How many units would need to be produced next year to meet this production goal? Ignore impact of accounts payable on plant utilization.
Select: 1
1,305
1,782
2,030
1,535

Review the Inquirer to determine Digby’s current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Digby would be most likely to pursue.

1. Review the Inquirer to determine Digby’s current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Digby would be most likely to pursue.
Select: 5
Seek high automation levels
Seek the lowest price in their target market while maintaining a competitive contribution margin
Seek excellent product designs, high awareness, and high accessibility
Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
Increase demand through TQM initiatives
Seek high plant utilization, even if it risks occasional small stockouts
Reduce cost of goods through TQM initiatives
Add additional products
Offer attractive credit terms
Reduce labor costs through training and recruitment
2. Rank the following companies from high to low cumulative profit, (in descending order, 1=highest, 4=lowest).
Rank in order from 1 to 4
Digby
Andrews
Baldwin
Chester
3. Which description best fits Baldwin in your industry? For clarity:

– A differentiator competes through good designs, high awareness, and easy accessibility.
– A cost leader competes on price by reducing costs and passing the savings to customers.
– A broad player competes in all parts of the market.
– A niche player competes in selected parts of the market.

Which of these four statements best describes this competitor?
Select: 1
Baldwin is a niche cost leader
Baldwin is a broad differentiator
Baldwin is a broad cost leader
Baldwin is a niche differentiator
4. If Baldwin issued 1000 shares of common stock at last year’s end price, the effect on the balance sheet would be:
Select: 1
Retained earnings would increase by $4,413
Retained earnings would increase by $44,128
Equity would decrease by $4,413
Equity would increase by $44,128
5. The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP)
Select: 1
$4,908,000
$5,453,333
$2,454,000
$2,726,667
6. What is the Quick Ratio of Chester?
Select: 1
2.01
.50
1.46
.69
7. Chester has a ROA of 0.13 (ROA = Net income/Total Assets). That means:
Select: 1
Every dollar of Chester’s assets result in earnings of $0.13.
Chester uses $0.87 of each dollar earned to purchase assets.
Chester uses $0.13 of each dollar earned to purchase assets.
Every dollar of Chester’s assets result in earnings of $0.87.
8. Midyear on July 31st, the Digby Corporation’s balance sheet reported:

Total Liabilities of $25.571 million
Cash of $2.010 million
Total Assets of $41.126 million
Total Common Stock of $1.270 million.

What were the Digby Corporation’s retained earnings?
Select: 1
$16.295 million
$16.825 million
$18.835 million
$14.285 million

. Compare your future role with one of the following: nurse educator; nurse leader; family nurse practitioner; acute care nurse practitioner; graduate nurse with an emphasis/specialty in public health, health care administration, business, or informatics; clinical nurse specialist; doctor of nursing practice. Indicate in the appropriate columns on the template which roles you are comparing.

Due Date: Nov 07, 2018 23:59:59       Max Points: 120 Details:

Advanced registered nurses work in highly collaborative environments and must collaborate with interdisciplinary teams in order to provide excellent patient care. Besides knowing the role and scope of one’s own practice, it is essential to understand the role and scope of other nurse specialties to ensure effective collaboration among nurses, the organization, and other professionals with whom advanced registered nurses regularly interact.

Use the “Nursing Roles Graphic Organizer Template” to differentiate how advanced registered nurse roles relate to and collaborate with different areas of nursing practice. Compare your future role with one of the following: nurse educator; nurse leader; family nurse practitioner; acute care nurse practitioner; graduate nurse with an emphasis/specialty in public health, health care administration, business, or informatics; clinical nurse specialist; doctor of nursing practice. Indicate in the appropriate columns on the template which roles you are comparing.

Make sure to compare the following areas of practice in your graphic organizer:

1. Ethics

2. Education

3. Leadership

4. Public Health

5. Health Care Administration

6. Informatics

7. Business/Finance

8. Specialty (e.g., Family, Acute Care)

Include any regulatory bodies or certification agencies that provide guidance or parameters on how these roles incorporate concepts into practice.

You are required to cite three to five sources to complete this assignment. Sources must be published within the last 5 years and appropriate for the assignment criteria and nursing content.

While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are not required to submit this assignment to LopesWrite.

Explore the available databases in the Walden Library. Identify which of these databases you would use to find the information or data you need.

PLEASE SEE THE ATTACHED DOCUMENT. IT IS A PAPER I HAD SUBMITTED & GOT 50/100. ON THE LAST PAPER IS THE INSTRUCTOR’S COMMENTS. PLEASE REVIEW IT.

Using the Data/Information/Knowledge/Wisdom Continuum

 

Assignment: Application:
Using the Data/Information/Knowledge/Wisdom Continuum

Have you ever gone online to search for a journal article on a specific topic? It is amazing to see the large number of journals that are available in the health care field. When you view the library in its entirety, you are viewing untapped data. Until you actually research for your particular topic, there is little structure. Once you have narrowed it down, you have information and once you apply the information, you have knowledge. Eventually, after thoughtful research and diligent practice, you reach the level of wisdom—knowledge applied in meaningful ways.

Are there areas in your practice that you believe should be more fully explored? The central aims of nursing informatics are to manage and communicate data, information, knowledge, and wisdom. This continuum represents the overarching structure of nursing informatics. In this Assignment, you develop a research question relevant to your practice area and relate how you would work through the progression from data to information, knowledge, and wisdom.

To prepare:

  • Review the information in Figure 6–2 in Nursing Informatics and the Foundation of Knowledge.
  • Develop a clinical question related to your area of practice that you would like to explore.
  • Consider what you currently know about this topic. What additional information would you need to answer the question?
  • Using the continuum of data, information, knowledge, and wisdom, determine how you would go about researching your question.
    • Explore the available databases in the Walden Library. Identify which of these databases you would use to find the information or data you need.
    • Once you have identified useful databases, how would you go about finding the most relevant articles and information?
    • Consider how you would extract the relevant information from the articles.
    • How would you take the information and organize it in a way that was useful? How could you take the step from simply having useful knowledge to gaining wisdom?
By Day 7 of Week 4

Write a 4-page paper that addresses the following: MUST BE APA FORMAT

  • Summarize the question you developed, and then relate how you would work through the four steps of the data, information, knowledge, wisdom continuum. Be specific.
    • Identify the databases and search words you would use.
    • Relate how you would take the information gleaned and turn it into useable knowledge.
  • Can informatics be used to gain wisdom? Describe how you would progress from simply having useful knowledge to the wisdom to make decisions about the information you have found during your database search.

Your paper must also include a title page, an introduction, a summary, and a reference page ( YOU CAN ONLY USE THE REFERENCES LISTED BELOW).

 

 

 

 

 

American Nurses Association. (2015). Nursing informatics: Scope & standards of practice (2nd ed.). Silver Springs, MD: Author.

  • “Metastructures, Concepts, and Tools of Nursing Informatics”

    This chapter explores the connections between data, information, knowledge, and wisdom and how they work together in nursing informatics. It also covers the influence that concepts and tools have on the field of nursing.

McGonigle, D., & Mastrian, K. G. (2015). Nursing informatics and the foundation of knowledge (3rd ed.). Burlington, MA: Jones and Bartlett Learning.

  • Chapter 6, “Overview of Nursing Informatics”

    This chapter defines the foundations of nursing informatics (NI). The authors specify the disciplines that are integrated to form nursing informatics, along with major NI concepts.

Brokel, J. (2010). Moving forward with NANDA-I nursing diagnoses with Health Information Technology for Economic and Clinical Health (HITECH) Act Legislation: News updates. International Journal of Nursing Terminologies & Classifications, 21(4), 182–185.

Retrieved from the Walden Library databases.

 

In this news brief, the author describes the initiatives that NANDA-I will implement to remain abreast of the HITECH legislation of 2009. The author explains two recommendations for the federal government’s role in managing vocabularies, value sets, and code sets throughout the health care system.

Matney, S., Brewster, P. J., Sward, K. A., Cloyes, K. G., & Staggers, N. (2011). Philosophical approaches to the nursing informatics data-information-knowledge-wisdom framework. Advances in Nursing Science, 34(1), 6–18.

Retrieved from the Walden Library databases.

 

This article proposes a philosophical foundation for nursing informatics in which data, information, and knowledge can be synthesized by computer systems to support wisdom development. The authors describe how wisdom can add value to nursing informatics and to the nursing profession as a whole.

Rutherford, M. A. (2008). Standardized nursing language: What does it mean for nursing practice? OJIN: The Online Journal of Issues in Nursing, 13(1). Retrieved from http://www.nursingworld.org/MainMenuCategories/ANAMarketplace/ANAPeriodicals/OJIN/TableofContents/vol132008/No1Jan08/ArticlePreviousTopic/StandardizedNursingLanguage.html

 

The author of this article provides justification for the use of a standardized nursing language, which will be necessary for incorporating electronic documentation into the health care field. The author defines standardized language in nursing, describes how such a language can be applied in a practice setting, and discusses the benefits of using a standardized language.

Westra, B. L., Subramanian, A., Hart, C. M., Matney, S. A., Wilson, P. S., Huff, S. M., … Delaney, C. W. (2010). Achieving “meaningful use” of electronic health records through the integration of the Nursing Management Minimum Data Set. The Journal of Nursing Administration, 40(7–8), 336–343.

Retrieved from the Walden Library databases.

 

This article explains the nursing management minimum data set (NMMDS), which is a research-based minimum set of standard data for nursing management and administration. The article describes how the NMMDS can be used to minimize the burden on health care administrators and increase the value of electronic health records within the health care system.

What are Ethical considerations in health care

3000 WORD MINIMUM (EXCLUDING REFERENCES) I HAVE STARTED THE ASSIGNMENT (1 PAGE) BUT NEED IT FINISHED.  

 

JOURNAL TYPE WRITING PLEASE  AND NO PLALGARISM.  Please use scholarly references within 5 years.

 

In your journal, you will reflect on the personal knowledge and  skills gained throughout this Capstone course. The journal should address a   variable combination of the following, depending on your specific  practice immersion clinical experiences:

 

 

    1. New practice approaches

 

    1. Intraprofessional   collaboration

 

    1. Health care delivery and clinical systems

 

    1. Ethical considerations in health care

 

    1. Population health   concerns

 

    1. The role of technology in improving health care   outcomes

 

    1. Health policy

 

    1. Leadership and economic   models

 

    1. Health disparities

 

 

Students will outline what they have discovered about their   professional practice, personal strengths and weaknesses that   surfaced, additional resources and abilities that could be introduced   to a given situation to influence optimal outcomes, and finally, how   the student met the competencies aligned to this course.

Describe how family systems theory can be applied to solicit changes in family members that, in turn, initiate positive changes to the overall family functions over time.

Develop an interview questionnaire to be used in a family-focused functional assessment. The questionnaire must include three open-ended, family-focused questions to assess functional health patterns for each of the following:

    1. Values/Health Perception
    1. Nutrition
    1. Sleep/Rest
    1. Elimination
    1. Activity/Exercise
    1. Cognitive
    1. Sensory-Perception
    1. Self-Perception
    1. Role Relationship
    1. Sexuality
    1. Coping

Select a family, other than your own, and seek permission from the family to conduct an interview. Utilize the interview questions complied in your interview questionnaire to conduct a family-focused functional assessment. Document the responses as you conduct the interview.

Upon completion of the interview, write a 1000- 1250 word paper. Analyze your assessment findings. Submit your questionnaire as an appendix with your assignment.

Include the following in your paper:

    1. Describe the family structure. Include individuals and any relevant attributes defining the family composition, race/ethnicity, social class, spirituality, and environment.
    1. Summarize the overall health behaviors of the family. Describe the current health of the family.
    1. Based on your findings, describe at least two of the functional health pattern strengths noted in the findings. Discuss three areas in which health problems or barriers to health were identified.
    1. Describe how family systems theory can be applied to solicit changes in family members that, in turn, initiate positive changes to the overall family functions over time.

Cite at least three peer-reviewed or scholarly sources to complete this assignment. Sources should be published within the last 5 years and appropriate for the assignment criteria.

Prepare this assignment according to the APA , NO PLAGIARISM PLEASE

Discuss the options and resources available to you to help you move toward wellness on the health-illness spectrum. Describe how these would assist in moving you toward wellness (managing a chronic disease, recovering from an illness, self-actualization, etc.).

The benchmark assesses the following competency:

 

Benchmark: 5.1. Understand the human experience across the     health-illness continuum.

 

Research the health-illness continuum and its relevance to patient   care. In a 750-1,000 word paper, discuss the relevance of the   continuum to patient care and present a perspective of your current   state of health in relation to the wellness spectrum. Include the following:

 

 

    1. Examine the health-illness continuum and discuss why this     perspective is important to consider in relation to health and the     human experience when caring for patients.

 

    1. Reflect on your     overall state of health. Discuss what behaviors support or detract     from your health and well-being. Explain where you currently fall on     the health-illness continuum.

 

    1. Discuss the options and     resources available to you to help you move toward wellness on the     health-illness spectrum. Describe how these would assist in moving     you toward wellness (managing a chronic disease, recovering from an     illness, self-actualization, etc.).

 

 

Prepare this assignment according to the guidelines found in the APA   Style Guide. An abstract or thesis is required.