Emily Stansbury is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1 Invested 20,000 cash in her business. 1 Hired a...

The trial balance of De Bortoli Co. shown below does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the...

1 Carry out a five forces analysis of the advertising industry in 2015. What is the strength of the five forces and what underlying factors drive them? What is the industry attractiveness? 2 What are...

Sadie Cuono started her own consulting firm, Cuono Consulting, on May 1, 2020. The trial balance at May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of...

Lazy River Resort opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for...

1. What internationalisation drivers (Figure 9.2) do you think were most important for Blue Skies decision to enter its specific markets? 2. How does Blue Skies strategy fit into a broader...

1. Considering Yips globalisation framework (Figure 9.2), what drivers of internationalisation do you think were most important when Wanda entered the US market through its AMC and Legendary...

Horace Culpepper, CPA, was retained by Pulsar Cable to prepare financial statements for April 2020. Horace accumulated all the ledger balances per Pulsars records and found the following. Horace...

The liabilities of Organic Foods are made up of $60,000 in notes payable as of its December 31 year-end. For those notes payable, $3,000 is due within the next year. Prepare the liabilities section...

Wedding Planners Limited (WP), owned by Anne and Francois Tremblay, provides wedding planning and related services. WP owns a building (the Pavilion) that has been custom-made for hosting weddings....

Timmy Tappan is single and had $189,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate his income taxes. What is the average tax rate? What is the marginal tax rate?...

1. Using the spreadsheet model from Case 2.1 as a starting point, use Solver to find the optimal set of projects to approve. The solution should maximize the total NPV from the approved projects, and...

Maisie Taft started her own consulting firm, Maisie Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 Maisie invested $7,000 cash in the business. 2 Paid...

Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations. May 1 G. Gram invested $40,000...

The following is the statement of financial position of WW Associates as at 31 December 2008: During 2009, the following transactions took place: 1 The owners withdrew equity in the form of cash of...

Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. a. Owner...

Campus Theater adjusts its accounts every month. The companys unadjusted trial balance dated August 31, 2015, is on page 176. Additional information is provided for use in preparing the companys...

Manny Gill is an entrepreneur who started West Secure, a business that provides a number of security guard services. West Secure incurred the following transactions during July 2017, its first month...

1. Identify where (in its value system) and how IKEA have achieved cost leadership. 2. Identify how IKEA have achieved differentiation from their competitors. 3. Explain how IKEA tries to ensure that...

On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On December 31, the companys...

The bank portion of the bank reconciliation for Shou Florists at November 30, 2020, was as follows (amounts in thousands). The adjusted cash balance per bank agreed with the cash balance per books at...

Wilm Schmidt, the owner of Wilm?s Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2020, trial balance. The following errors were discovered: a. Schmidt...

1. What directions of strategic development have been followed by Virgin over the period of the case (use Figure 8.2 as a guide)? 2. Which type of corporate parenting role (as per Figure 8.5) best...

Ang Hsu Enterprises had the following transactions involving notes payable (amounts in thousands). July 1, 2020 Borrows NT$50,000 from First Taiwan Bank by signing a 9-month, 8% note. Nov. 1, 2020...

Brothers Mike and Tim Hargenrater began operations of their tool and die shop (H & H Tool, Inc.) on January 1, 2019. The annual reporting period ends December 31. The trial balance on January 1,...

At June 30, 2020, the end of its most recent fiscal year, Green River Computer Consultants post-closing trial balance was as follows (amounts in thousands): The company underwent a major expansion in...

On April 1 of Year 1, Respawn accepted a $10,000, 12-month, 8% note from a customer in granting a time extension on his past-due account receivable. Respawns year-end is December 31. Compute interest...

For each of the following separate situations, determine the amount of expense each company should recognize in December (using accrual basis accounting). a. Chipotle has monthly wages expense of...

1. Why did Sainsbury bid for Argos? 2. With reference to the post-acquisition integration matrix (see Figure 11.3) consider how Sainsbury might best integrate Argos? 3. With reference to the buy,...

The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko Co. Use these normal account balances to journalize closing entries. Debit Credit Debit Credit $...

1. Discuss the possible reasons to buy a watch today. Connect each motivation you identify with an appropriate motivational theory from the chapter. 2. What does Apple really believe will motivate...

The Sun Theater, owned by Ha Ji-Won, will begin operations in March. The Sun will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Sun...

The following trial balance of Sergei Asbrecht Co. does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the...

The adjusted trial balance columns of the worksheet for Nguyen Company, owned by C. Nguyen, are as follows. Instructions a. Complete the worksheet by extending the balances to the financial statement...

On 1 July 206 Mumtaz started a business. The following are her transactions for the first two weeks of trading: July 1 Mumtaz paid capital, $50,000, into the business bank account 2 Bought premises,...

1. Given the hotels required personnel skills, what recruiting sources would you suggest they use, and why? 2. What would a Hotel Paris help wanted ad look like? 3. How would you suggest they measure...

The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year:1. January 24 Provide plumbing services...

Noelle, the owner of all of the shares of ClockCo, an S corporation, transfers her stock to Grayson on April 1. ClockCo reports a $70,000 NOL for the entire tax year, but $10,000 of the loss occurs...

On May 1, 2020, Park Flying School Ltd., a company that provides flying lessons, was started with an investment of W45,000 cash in the business. Following are the assets and liabilities of the...

1. How would you explain the abrupt change in Elisas customer service behaviour? Outline what has happened to her motivation using expectancy and equity theories. 2. Could Elisas employer have...

Peachtree Delivery Service is owned and operated by Jerome Foley. The following selected transactions were completed by Peachtree Delivery Service during February: 1. Received cash from owner as...

On December 1, 2020, Jurczyk Distributing had the following account balances. During December, the company completed the following summary transactions. Dec. 6 Paid 1,600 for salaries and wages due...

Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of period spreadsheet was prepared for the year ended August 31, 20Y9: Based on the preceding spreadsheet,...

1 Carry out a PESTEL analysis of Alibaba at the time of the case. Evaluate the balance of opportunities and threats, using the same kind of figure as in Illustration 2.1. 2 Draw a basic sociogram of...

Jaden Li opened Kleene Window Washing on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested NT$12,000 cash in the company. 1 Purchased used truck for...

1. Andrew Mason admits that Groupon has thousands of copycats, yet his assessment is that imitating Groupon is difficult. Do you agree? 2. Assess the bases of Groupons resources and capabilities...

Dry Quick (DQ) is a medium-sized, private manufacturing company located near Timmins, Ontario. DQ has a June 30 year-end. Your firm, Poivre & Sel (P&S), has recently been appointed as auditors forDQ....

David R. and Ella M. Cole (ages 39 and 38, respectively) are husband and wife who live at 1820 Elk Avenue, Denver, CO 80202. David is a self-employed consultant, specializing in retail management and...

Co.s general ledger and its first seven transactions a through g, which are posted to them. Identify the explanation from 1 through 7 below that best describes each transaction a through g reflected...

Hanks Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Hanks...

1. What are the points of difference, or unique attributes, for GoPro products? 2. What are GoPros primary target markets? How does content marketing influence these markets? 3. Describe the new...

Noah and Joan Arcs Tax Return Noah and Joan Arc live with their family in Dayton, OH. Noahs Social Security number is 434-11-3311. Noah was born on February 22, 1983 and Joan was born on July 1,...

The Cheesecake Factory Incorporated (NASDAQ: CAKE) was started by Evelyn Overton when she sold cheesecakes from her basement in Detroit in the 1940s. Its first restaurant opened in Beverly Hills in...

An analysis of the transactions made by Peat Deloitte & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $560 for rent, $4,800 for salaries and...

Pauline Emm is the owner and operator of Power Thoughts, a motivational consulting business. At the end of its accounting period, December 31, 20Y8, Be-The-One has assets of $382,000 and liabilities...

Telstar uses job order costing. The T-accounts below summarize its production activity for the year. 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials...

BioWares year-end unadjusted trial balance shows accounts receivable of $17,000 and sales of $150,000. Uncollectibles are estimated to be 2% of sales. Prepare the December 31 year-end adjusting entry...

1. Relate the material in this case to the value chain and the value delivery system. 2. Are services related to physical accommodations typically considered as expected customer services or...

On August 1, 2020, the following were the account balances of B&B Repair Services. During August, the following summary transactions were completed. Aug. 1 Paid $400 cash for advertising in local...

Compute the missing amounts in the separate (partial) income statements A, B, and C. A B C Sales Sales discounts $ ? $20,000 $90,000 2,000 1,500 500 Sales returns and allowances 7,000 4,000 35,000 ?...

A. Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21-3434) have a 19-year-old son (born 10/2/99 Social Security...

Choose the term or phrase below that best completes each statement. a. Accounting b. Identifying c. Recording d. Communicating e. Governmental f. Artificial intelligence g. Language of business h....

On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company?s records showed the following items. Use this information to prepare a...

Below is the gist of an article from BusinessWeek. After reading it: a. identify the broad problem area b. explain how you would proceed further. Two years ago, Electronic Arts, the second-largest...

Today is September 16, Year 2. You, CPA, work for Garcia & Garcia LLP, a medium-sized firm located in Montreal. Jules Garcia calls you into his office. "CPA, I have a very special engagement for you....

You are employed by McDowell and Partners, Chartered Accountants (M&P). A new client, Community Finance Corporation (CFC), approached M&P for assistance. Enviro Ltd. (Enviro) has asked CFC for a loan...

Kaiwan, Inc., a calendar year S corporation, is partly owned by Sharrod, whose beginning stock basis is $32,000. During the year, Sharrods share of a Kaiwan long-term capital gain (LTCG) is $5,000,...

On July 1, 2020, Academic Learning Services entered its second month of operations. On July 31, 2020, Breanne Allarie, the owner, finalized the company?s records that showed the following items. Use...

AI Fang opened a law office on July 1, 2020. On July 31, the statement of financial position showed Cash 5,000, Accounts Receivable 1,500, Supplies 500, Equipment 6,000, Accounts Payable 4,200, and...

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. Borrowed $40,000...

Duela Dent is single and had $189,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate her income taxes.? Taxable Income Tax Rate 9,525 10% 9,525 38,700 12 38,700- 82,500...

Kinney A. . had the following assets and liabilities on the dates indicated. Kinney began business on January 1, 2019, with an investment of 100,000. Instructions From an analysis of the change in...

1. What steps should Jamie Lee take so she may discover the reason for the denial of her credit application? 2. Jamie discovers that she has become the victim of identity theft, as her credit report...

A. Russell (birthdate February 2, 1967) and Linda (birthdate August 30, 1972) Long have brought you the following information regarding their income and expenses for the current year. Russell owns...

1. Identify the main strategic issues facing ITV. 2. Suggest a number of strategic options that ITV might pursue. 3. Create tables to assess the SAFe of your strategic options (refer to Table 12.1)....

Who do you think is correct, Mark (the unload capacity should be twice as high) or Doug (the two lifts have the same capacity)? Can you give a response to Jessicais there any other difference between...

Sonya Jared opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,000, Accounts Receivable $1,500, Supplies $500, Equipment $6,000, Accounts Payable $4,200, and Owners...

Following is a list of credit customers along with their amounts owed and the days past due at December 31. Following that list are five classifications of accounts receivable and estimated bad debts...

Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020: Required Prepare journal entries for each of the above transactions....

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departmentsMolding and Fabrication. It started, completed, and sold...

1. Explain how Googles strategy has been developed over the years. 2. What are the strengths and weaknesses of its approach? 3. In what ways should Googles approach to strategy development change in...

Sears Editing Company is a small editorial services company owned and operated by Deloris Sears. On January 31, 20Y1, the end of the current year, Sears Editing Companys accounting clerk prepared the...

On November 1, 2020, the account balances of Beck Equipment Repair were as follows. During November, the following summary transactions were completed. Nov. 8 Paid 1,700 for salaries due employees,...

Case Construction Company, a three-year-old business, provides contracting and construction services to a variety of clients. Given that each construction job is different from the others, Susan...

Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive, and informative content to millions of people every day. Its television services...

Je Ju Consultants had the following adjusted trial balance (amounts in thousands). Instructions a. Prepare closing entries at June 30, 2020. b. Prepare a post-closing trial balance. Je Ju Consultants...

1. Is Huy Fong using the marketing concept? Explain. 2. What type of market is Huy Fong targeting with its sriracha sauce? 3. Of the four categories of segmentation variables, which is most important...

The cash book (bank columns) of Ella for the month of May 207 were as follows: Ellas bank statement for May 207 showed the following: The following errors were discovered: 1. Ella had overcast the...

Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon...

Kalpana is a trader. On 1 February 208 she had the following balances on her books: $ Cash book Cash ............................. 100 Bank overdraft ............................... 480 Sales ledger...

On December 1, 2020, Cambridge Printers had the account balances shown below. The following transactions occurred during December. Dec. 3 Purchased 4,000 units of inventory on account at a cost of...

A custom manufacturer completed Jobs 103 and 104. Job 103 cost $12,000 and was sold (on credit) for $20,000. Job 104 cost $15,000. Prepare journal entries to record (a) The completion of both jobs,...

The financial statements of JJ Ltd and KK Ltd for the year to 30 June 2018 are shown below: Statements of comprehensive income for the year to 30 June 2018. Statements of financial position as at 30...

At December 31, 2019, Catu Medical reported the following information on its statement of financial position. Accounts receivable R$960,000 Less: Allowance for doubtful accounts 80,000 During 2020,...

The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2018. They originally paid $76,000 for the home on July 3, 1993, but managed to sell it for $604,000....

The statement of financial position of Bharwani Traders on 31 October 204 is shown below. On 1 November 204 the following transactions took place: A cheque for $3 000 was paid to a credit supplier. A...

1. What factors contributed to Taco Bells early success? 2. Which of the promotional elements described in Figure 14-2 were used by Taco Bell in its Doritos Locos Tacos campaign? 3. How does Taco...

Phoebe Company ended its fiscal year on July 31, 2020. The companys adjusted trial balance as of the end of its fiscal year is as follows. Instructions a. Prepare the closing entries using page J15....

In 2017 Jessica bought a new heavy truck for $45,000 to use 80% for her sole proprietorship. Total miles driven include 12,000 in 2017, 14,500 in 2018, and 13,000 in 2019. a. If Jessica uses the...

Robert Mefford has been nominated as a candidate to run for a seat as a member of Parliament representing Bonavista South. He views his eight-month campaign for office as a major project and wishes...