1. Describe in detail how Massine Bouzerar has gone through the consumer behaviour purchase-decision process, from need recognition to purchase decision. What do you think was Massines final choice?...

John Coon purchased a piece of commercial property in Washington, D.C., through real estate broker Edward Wood. Mr. Coon later decided to purchase other property in West Virginia by selling the D.C....

Rushing yardage for the three top running backs during a recent Vanier Cup is given below. Which player is the most productive running back? How did you measure productivity? Lvesque Peressini Player...

Bondage Supply Company expects sales next year to be $750,000. Inventory and accounts receivable will have to be increased by $120,000 to accommodate this sales level. The company has a steady profit...

Five employees are available to perform four jobs. The time it takes each person to perform each job is given in the file P05_50.xlsx. Determine the assignment of employees to jobs that minimizes the...

Classique Cars Ltd rents out limousines for $1000 per day, almost invariably to people arranging wedding parties. It is one of several companies to do so. On one occasion, Classique found that it was...

Sokol Antiques, Inc., began June with inventory of $48,400. The business made net purchases of $51,300 and had net sales of $104,000 before a fire destroyed the companys inventory. For the past...

Dennis McCutcheon supervises the employees who work in the building supplies department of a large discount hardware store. One of his employees, Kelly Sims, has been late to work every Tuesday and...

In addition to the information for Acme Company in Mini-Exercises 15.1 and 15.2, the standard direct labor cost per unit consists of 0.5 hour of labor time at $20 per hour. During August, $160,650 of...

Jacqui Giraud owns and operates a restaurant. Her fixed costs are $21,000 per month. She serves luncheons and dinners. The average total bill (excluding tax and tip) is $19 per customer. Girauds...

Basic information relating to a new machine purchased by Gotham Company is presented in E9.5. Instructions Using the facts presented in E9.5, compute depreciation using the following methods in the...

Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for...

Frederic Chopin Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a current or long-term liability. 1. On December 15, 2020, Chopin declared...

Presented below are three independent revenue arrangements for Colbert Company. The company follows IFRS. Instructions Respond to the requirements related to each revenue arrangement. a. Colbert...

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019. To prepare a master budget for January,...

Bike World, Inc., wholesales a line of custom road bikes. Bike World?s inventory as of November 30, 2018, consisted of 22 mountain bikes costing $1,650 each. Bike World?s trial balance as of November...

Lancer, Inc. (a U.S.-based company), establishes a subsidiary in Croatia on January 1, 2019. The following account balances for the year ending December 31, 2020, are stated in kuna (K), the local...

1. Select at least two other firms that you believe have crossed the chasm. Briefly summarize how the firms rolled out their products (or services) and what you believe their key steps were in...

Vail Book Mart sells books and other supplies to students in a state where the sales tax rate is 8 percent. Vail Book Mart engaged in the following transactions for Year 1. Sales tax of 8 percent is...

Misfit Juicery sells juice made from misshapen and scrap fruit and vegetables. Co-founders Anna Yang and Phil Wong stress the importance of planning and budgeting for business success. Required 1....

Kellys Jewelry has the following transactions during the year: total jewelry sales = $750,000; sales discounts = $20,000; sales returns = $50,000; sales allowances = $30,000. In addition, at the end...

Polaris Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): Required: 1. Calculate to one decimal place...

Comparative financial statement data for Cool Brewery Ltd. and Northern Beer Ltd., two competitors, follow (amounts in thousands): Required a. Prepare a common-size analysis for 2020 for Cool Brewery...

Fowler, Inc., declared a 4 percent stock dividend on its 750,000 shares of common stock. The $10 par value common stock was originally sold for $14 and was selling at $17 at the time the stock...

RWL Limited provides a long-term disability program for its employees through an insurance company. For an annual premium of $20,000, the insurance company is responsible for providing long-term...

The following problem will continue from one chapter to the next, carrying the balances forward from month to month. Each chapter will focus on the learning experience of the chapter and add...

Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3,950,000. The fixed asset will be depreciated straight-line to zero...

For a recent year, Best Buy (BBY) reported sales of $39,528 million. Its gross profit was $9,191 million. What was the amount of Best Buys cost of goods sold?

On January 1, 2014, Ruby Company purchased a piece of equipment with a list price of $60,000. The following amounts were related to the equipment purchase: Terms of the purchase were 2/10, net 30....

Realizing that the CIC will demand some kind of sensitivity analyses, how should Matt and Chris prepare their report? Which variables or inputs are obvious ones that need to be analyzed using...

NewAge Pharmaceuticals produces the drug NasaMist from four chemicals. Today, the company must produce 1000 pounds of the drug. The three active ingredients in NasaMist are A, B, and C. By weight, at...

Based on Spencer et al. (1990). When you lease 800 phone numbers from AT&T for telemarketing, AT&T uses an optimization model to tell you where you should locate calling centers to minimize your...

Barron Chemical uses a thermoplastic polymer to enhance the appearance of certain RV panels. The initial cost of one process was $130,000 with annual costs of $49,000 and revenues of $78,000 in year...

What situation did Easterbrook inherit when he became CEO? What are the current forces in the external environment that might affect the new CEO? What source of competitive advantage does McDonalds...

During Year 1, Chung Corporation earned $8,000 of cash revenue and accrued $5,000 of salaries expense. Required Based on this information alone: a. Prepare the December 31, Year 1, balance sheet. b....

Jane Heinlein is the payroll accountant for Sia Lights of Carter, Nebraska. The employees of Sia Lights are paid biweekly. Her employee, Melinda Gunnarson, comes to her on September 14 and requests a...

Goodrich Corporation uses the calendar year as its tax year. It acquires and places into service two depreciable assets during 2018: Asset #1: 7-year property; $950,000 cost; placed into service on...

Your firm is the external auditor of Bestwood Engineering Ltd., which manufactures components for motor vehicles and sells them to motor vehicle manufacturers and wholesalers. It has sales of $25...

The vehicle pool of a major city provides cars for the use of various city departments. Currently, the vehicle pool has 50 cars. A recent study showed that it costs $2,400 in annual fixed costs per...

Mayer Corporation has a defined benefit pension plan. Mayer?s policy is to fund the plan annually, cash payments being made at the end of each year. Data relating to the pension plan for 2021 are as...

The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies complete annual reports, including the notes to the financial statements, are...

Using your answer from Exercise 1-24, prepare an income statement, a statement of changes in equity, and a balance sheet for July 2020. Analysis Component: Review Gold?s balance sheet. How much of...

Beth Corbins regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Beth works 45 hours. Beths federal income tax...

On January 1, 2021, Neitzche Company, a public company, purchased 35% of the common shares of Triple Titanium Inc. for $525,000. The remaining shares (65%) are held by the family members of the...

Reed Hastings, the CEO of Netflix, announced on his personal Facebook page that Netflix had reached a new benchmark, that of streaming 1 billion hours of its content in a one-month period. Later, the...

Create a new What SUP Operating Cash Payments Budget Using the ch6-03 file to start your work, create a worksheet similar to the one created in this chapter to budget operating cash payments by month...

You are considering the purchase of a parking deck close to your office building. The parking deck is a 15-year old structure with an estimated remaining service life of 25 years. The tenants have...

1. Describe the stage in the adult life cycle (Exhibit 1-1) that Jamie Lee and Ross are experiencing right now. What are some of the financial activities that they should be participating in at this...

In 2014, one month before the decision in Patterson v. Domino's Pizza, the general counsel of the NLRB announced that it intended to pursue numerous allegations of unfair labor practices at the...

1. What was the issue with Intels old branding? Was this just change for changes sake? Why might it be important for Intels future business success to promote a new brand image? 2. Intel uses both...

Gordon Company is highly automated and uses computerized controllers in manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on...

Chevron U.S.A. Inc. and Sheikhpour had entered into a settlement agreement that would require Sheikhpour to complete reconstruction work on his gas station. When Sheikhpour did not do the work,...

1. How are each of the perspectives of selection psychometric, best fit, interactive decision process and discourse represented in the hiring process for (a) Managers in Training and (b) sales...

Dog Up! Franks is looking at a new sausage system with an installed cost of $460,000. This cost will be depreciated straight line to zero over the projects five-year life, at the end of which the...

At the end of a skateboard exhibition, one of the performers tossed a skateboard into the rowdy crowd. David rushed to catch the prize but was injured when his fellow spectator trampled him to snatch...

On September 1, 2020, Sands Company sold at 104 (plus accrued interest) 4,000 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two...

The following are the balances of the assets, liabilities, and equity of Fitness Fanatics at March 31, 2018: Requirements 1. What type of business organization is Fitness Fanatics? 2. Prepare the...

Alex Yeoman Painting Co. of Yellowknife uses a purchases journal (page 21) and a general journal (page 32) to record the following transactions. The GST rate is 5%. 2018 Aug. 3 Purchased paint...

You are completing an internship with a Big Four accounting firm and have worked on one client, a public company, during the entire internship. In your college class, you learned that an audit firm...

This problem requires the use of ACL software, which can be accessed through the textbook website. Information about downloading and using ACL and the commands used in this problem can also be found...

On August 1, Pure Joy Corporation (a U.S.-based importer) placed an order to purchase merchandise from a foreign supplier at a price of 400,000 pounds. Pure Joy will receive and make payment for the...

Joe and Joan divorce during the current year. Joan receives custody of their three children. Joe agrees to pay $5,000 of child support for each child. a. Assuming no written agreement, who will...

Scotiabank is the only bank in the small town of St. Thomas. On a typical Friday, an average of 10 customers per hour arrive at the bank to transact business. There is one teller at the bank, and the...

Boeing Company was scheduled to deliver several of its 747-400 jumbo jetliners to Northwest Airlines by December 31, 1988. Northwest set that deadline because it needed the $16 million in investment...

A consultant recently argued that the emphasis on corporate governance and social responsibility has distracted leaders from key business issues such as serving customers and beating competitors. Do...

Joey Martel is an employee of Overclock Watches. His employer would like to give him a bonus and has asked you to gross it up to ensure that Joey receives the full amount of the desired award. Which...

Bear Creek Ski Resort in Vail, Colorado, had the following guest occupancy for the 8 weeks of November and December of 2014. Forecast the number of guests for January 2015 using trendadjusted simple...

What does it mean for the balanced scorecard to reflect strategy? a. One should be able to infer an organizations strategy from the balanced scorecard. b. The management accountant develops the...

Jim, age 50, and Martha, age 49, are married with three dependent children. They file a joint return for 2018. Their income from salaries totals $49,500, and they received $10,125 in taxable...

Attorney Kristen Maloney invoiced Dunn for $20,400 and has agreed to accept 1,500 shares of its $0.01 par-value common stock in full payment for this invoice. Dunn issued the common stock to Attorney...

1. In what ways would prejudice and stereotypes make it more difficult for the supervisors in this cookie business to improve relations with employees? How do the language differences contribute to...

Davidson Industries, a sole proprietorship, sold the following assets in 2018: Asset Cost Acquired Depreciation Sale Price Sale Date Warehouse $150,000 10/10/11 $25,801 $175,000 3/15/18 Truck 18,000...

1. Develop a monthly cash budget for Bluffton Pharmacy for the upcoming year. 2. What recommendations can you offer Angela Crawford and Martin Crawford to improve their pharmacys cash flow? 3. If you...

The T-accounts below summarize the ledger of Salvadors Gardening Company, Inc. at the end of the first month of operations. a. Prepare the journal entries (including explanations) that resulted in...

TopCap Co. is evaluating the purchase of another sewing machine that will be used to manufacture sport caps. The invoice price of the machine is $98,000. In addition, delivery and installation costs...

Imagine a situation where all students in your class decide to insure against the risk of failing a quiz in the form of a remedial class funded by premiums collected from the rest of the class....

You gathered the following data from time cards and individual employee earnings records. Your tasks are as follows: 1. On December 5, 201X, prepare a payroll register for this biweekly payroll. 2....

Selk Steel Co., which began operations in Year 1, had the following transactions and events in its long-term investments. Year 1 Jan. 5 Selk purchased 60,000 shares (20% of total) of Kildaires common...

A tree farm harvests a variety of trees that are sold to garden centres. In 20X5, the company was created and they acquired 1,500 immature blue spruce trees and 300 mature blue spruce trees. Each...

CNH owns approximately 100 acres of land near Lake Michigan and operated a foundry and tractor assembly plant there. In July 2004, CNH and Champion entered into a contract that required Champion to...

Based on Jacobs (1954). The Carter Caterer Company must have the following number of clean napkins available at the beginning of each of the next four days: day 1, 1500; day 2, 1200; day 3, 1800; day...

Ryan Hope, controller of Hope Inc., provides you with the following information concerning Hope during 2017. (Hope Inc. began operations on January 1, 2017.) 1. Issued 1,000 shares of common stock at...

GPA = 0 + 1 GRE + , where GRE is a students score on the math portion of the Graduate Record Examination (GRE) score and GPA is the students grade point average in graduate school. a. Construct the...

A jury convicted Keith Bowles of murder and sentenced him to 15 years to life imprisonment. Although Bowles had 30 days to file a notice of appeal, he failed to do so. Bowles then moved to reopen the...

Richard Davis, a South Carolina real estate broker who buys underpriced properties to renovate and sell (i.e., flipping homes), conceived of and developed a pilot episode of a television show...

The audit program for the Revenue account for a client has been drafted. The following item appears: Required (a) Does the procedure address the stated assertion? Explain. (b) If your answer to (a)...

A proposed project has fixed costs of $89,000 per year. The operating cash flow at 10,400 units is $127,400. Ignoring the effect of taxes, what is the degree of operating leverage? If units sold rise...

Roxanne Carter Corporation reported the following for 2020: net sales $1,200,000, cost of goods sold $750,000, selling and administrative expenses $320,000, and an unrealized holding gain on...

BDJ Co. wants to issue new 25-year bonds for some much-needed expansion projects. The company currently has 4.8 percent coupon bonds on the market that sell for $1,028, make semiannual payments, have...

Bindy Crawford created a corporation providing legal services, Bindy Crawford Inc., on July 1, 2022. On July 31 the balance sheet showed Cash $4,000, Accounts Receivable $2,500, Supplies $500,...

Antolini Enterprises produces mens sports coats that are sold by popular department stores. Each retail order is treated as a job that accumulates materials, labor, and overhead costs for a batch of...

On January 2, 2015, Banno Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2024. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being...

The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P&Gs...

The adjusted trial balance for Dillan?s Tailoring Services on December 31, 2020, appears as follows: Required 1. Prepare closing entries. 2. Prepare a post-closing trial balance. No. Account Debit...

Prepare a comparative common-size income statement for Variline, Inc., using the 2018 and 2017 data from E12-12A. Round percentages to the nearest tenth of a percent. Variline, Inc. Comparative...

Ronald Howard has been hired by Green Company to help reconstruct the sales journal, general journal, and cash receipts journal, which were recently destroyed in a fire. The owner of Green has...

Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Required: 1. For each division, compute the margin, turnover,...

IBS Companys unadjusted trial balance on December 31, 2017, the end of its annual accounting period, is as follows: Information necessary to prepare adjusting entries is as follows: a. Employees, who...

A manufacturing company has purchased three assets: The truck was depreciated by the unitsofproduction method. Usage of the truck was 22,000 miles and 25,000 miles during the first two years,...

1. What do you think of the change in Sony Music Entertainments organizational structure, from a geographical structure to an artist-driven organization? 2. How would you produce a sales and...