May Gilbert began working for Amalgamated Baking Company (ABC) in May 2003 as a sales supervisor at its Vernon, California, facility. In May 2005, ABC promoted her to food sales account manager and in June 2006 promoted her again to conduct training for southern California distributors. Ken Weinzimmer, ABC's senior vice president for sales and marketing and/or Dwight Carnahan, ABC's president, approved each promotion.
ABC then offered Gilbert a job in Texas. She accepted the offer and in January 2007, with Carnahan's approval, began working as the first sales supervisor at ABC's Fort Worth, Texas, facility. ABC did not then have distributors, routes, or trucks in the Dallas/Fort Worth area. No employees reported to Gilbert. In February 2007, Gilbert hired her husband to work under her supervision as a distributor.
ABC promoted Gilbert in January 2008 to the position of district sales manager for the Dallas/Fort Worth area; she received a pay raise as well. Carnahan and Gilbert's supervisor, John Davis, approved the promotion and raise. Gilbert then supervised up to eighteen distributors, of whom up to ten operated out of ABC's Dallas facility. Although ABC eventually gave her a 4 percent raise in September 2008, she received lower compensation than did male district sales managers in other areas, and ABC did not give her access to a cellular telephone. Gilbert complained about this treatment, implying she was being treated differently because she was a woman. ABC informed her that the other districts had performed better than hers during the same period.
In January 2009, several distributors whom Gilbert supervised complained she was treating them unfairly by favoring her husband in assigning the best routes, providing him other activities, and giving him other considerations. The distributors also complained of her poor advance knowledge of sales contests and supervision.
They asserted that Gilbert was one reason for the high distributor turnover in her market area. A few days later, the distributors advised Carnahan of additional complaints of favoritism they asserted Gilbert had shown to her husband. Carnahan referred these complaints to
Weinzimmer. Carnahan and Weinzimmer then met with the distributors, taking their grievances seriously because they viewed them as ABC customers. After a more detailed internal investigation, Carnahan concluded that the distributors complaints were valid, and followed up by meeting with Gilbert. Carnahan discussed with Gilbert The possibility of transferring her to Houston and also offered her a distributorship, both of which she refused. Carnahan then terminated Gilbert's employment. Gilbert alleges ABC fired her as an act of retaliation for her previous complaints about sex discrimination in pay and not being given a cellular phone.
a. Has Ms. Gilbert been unlawfully
discriminated against because of her sex?
b. If so, which form of sex discrimination
applies?
In: Operations Management
ABC Corp. had $30,000,000 in revenues (sales), $10,000,000 in Costs of Goods Sold (COGS), $3,500,000 in SG&A expenses, $5,400,000 in depreciation expenses, $3,000,000 in interest expenses, and $1,745,000 in tax expenses. ABC Corp.'s shares are currently traded at $25.52, and the company currently has 1,500,000 shares outstanding. What is the company's earnings per share (EPS)?
Group of answer choices
$4.24
$20.00
$25.52
We do not have sufficient information to answer this question.
In: Finance
Write a program checkerboard3x3.cpp that asks the user to input width and height and prints a checkerboard of 3-by-3 squares. (It should work even if the input dimensions are not a multiple of three.) . Don't use function.
Example 1:
Input width: 16 Input height: 11 Shape: *** *** *** *** *** *** *** *** *** *** *** * *** *** * *** *** * *** *** *** *** *** *** *** *** *** *** *** * *** *** *
Example 2:
Input width: 27 Input height: 27 Shape: *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** ***
In: Computer Science
Emerald Motors is an automobile dealer. The controller consults with you about the type of accounting used for a special offer to its new car customers. Emerald has offered to provide at no charge to the customer the first four recommended service visits (i.e., at 3,000, 6,000, 9,000, and 12,000 miles). It is a virtual certainty that all customers will exercise their rights to the service, and the cost of the services can be accurately estimated. The controller reasons that the estimated cost should be accrued when the sale of an automobile is made so that all of the costs of the sale can be matched with the revenue. How would you respond to the controller?
In: Accounting
Describe THREE (3) categories of e-commerce revenue models with ONE (1) real-life example for each model. Below are the guidelines of answer. DO NOT use guidelines below as the answer of question. If you not understand question, DO NOT answer, please comment below. Use your own answer and give your own experience example.
Answer:
First let me list the three :
1. Affiliate marketing <<explain this and give one real life
example.
2. Online advertising<<explain this and give one real life
example.
3. Transaction fees<<explain this and give one real life
example.
Explanation:
1. Affiliate marketing enables you to earn revenue by marketing or
offering another product for sale on your site. For example, you
may reference a book you read and recommend your customers get a
copy for themselves. You could also set up an affiliate account and
place a direct link to the book on the Amazon site, which will pay
you a percentage of the sale. If you decide to participate in
affiliate marketing, you\'ll need to research which companies might
provide you with a financial incentive for promoting their sites on
your page.
When you\'re just starting out, the money you earn from affiliate
marketing may be just a small, supplemental amount. However, as
traffic to your site increases, you may enjoy more substantial
income.
2. Online advertising is a very popular revenue model for
e-commerce businesses. In this method, companies or organizations
buy advertising space on your site, provide a designed ad or
written message, and then pay you for promoting their messages.
Media sites, such as magazines, newspapers, and television channels
typically use online advertising.
Two common types of online advertising include pay-per-click and
pay-per-view, which determine how much advertisers will pay for
their advertisements. While some sites charge a set fee for placing
an ad, most pay a set fee for each person who clicks on a link or
views a page related to the advertiser. As traffic to your site
grows and more people click on an advertiser\'s link or view a
related page, you\'ll earn more advertising revenue.
3. Transaction fees are the charges a company pays for using their
service. If you\'ve ever sold anything on eBay, you know there\'s a
set price for posting a product for sale. Each time a transaction
happens, you pay a small fee to eBay for marketing your product.
Whether you charge a small fee for a company to list a transaction
or for someone to view a video, transaction fees can be a sizable
if the traffic to the website is substantial.
Examples of the firms that use these revenue models are:
1. TDC and Orange are using Affiliate marketing .
2. Coco Cola , AMEX , Mint are using Online advertising .
3. Google (e.g. AdWords and AdSense),Facebook,New York Times
(Marketing) are using Transaction fees.
In: Operations Management
From a political-economy perspective, explain the emergence of publicly-funded, centrally-financed, universal healthcare systems in Europe and Canada.
In: Nursing
In: Economics
Required information
[The following information applies to the questions
displayed below.]
Santana Rey created Business Solutions on October 1, 2019. The
company has been successful, and its list of customers has grown.
To accommodate the growth, the accounting system is modified to set
up separate accounts for each customer. The following chart of
accounts includes the account number used for each account and any
balance as of December 31, 2019. Santana Rey decided to add a
fourth digit with a decimal point to the 106 account number that
had been used for the single Accounts Receivable account. This
change allows the company to continue using the existing chart of
accounts.
| No. | Account Title | Debit | Credit | ||||
| 101 | Cash | $ | 48,482 | ||||
| 106.1 | Alex’s Engineering Co. | 0 | |||||
| 106.2 | Wildcat Services | 0 | |||||
| 106.3 | Easy Leasing | 0 | |||||
| 106.4 | IFM Co. | 3,080 | |||||
| 106.5 | Liu Corp. | 0 | |||||
| 106.6 | Gomez Co. | 2,768 | |||||
| 106.7 | Delta Co. | 0 | |||||
| 106.8 | KC, Inc. | 0 | |||||
| 106.9 | Dream, Inc. | 0 | |||||
| 119 | Merchandise inventory | 0 | |||||
| 126 | Computer supplies | 680 | |||||
| 128 | Prepaid insurance | 1,827 | |||||
| 131 | Prepaid rent | 845 | |||||
| 163 | Office equipment | 8,140 | |||||
| 164 | Accumulated depreciation—Office equipment | $ | 220 | ||||
| 167 | Computer equipment | 20,000 | |||||
| 168 | Accumulated depreciation—Computer equipment | 1,220 | |||||
| 201 | Accounts payable | 1,140 | |||||
| 210 | Wages payable | 860 | |||||
| 236 | Unearned computer services revenue | 1,420 | |||||
| 301 | S. Rey, Capital | 80,962 | |||||
| 302 | S. Rey, Withdrawals | 0 | |||||
| 403 | Computer services revenue | 0 | |||||
| 413 | Sales | 0 | |||||
| 414 | Sales returns and allowances | 0 | |||||
| 415 | Sales discounts | 0 | |||||
| 502 | Cost of goods sold | 0 | |||||
| 612 | Depreciation expense—Office equipment | 0 | |||||
| 613 | Depreciation expense—Computer equipment | 0 | |||||
| 623 | Wages expense | 0 | |||||
| 637 | Insurance expense | 0 | |||||
| 640 | Rent expense | 0 | |||||
| 652 | Computer supplies expense | 0 | |||||
| 655 | Advertising expense | 0 | |||||
| 676 | Mileage expense | 0 | |||||
| 677 | Miscellaneous expenses | 0 | |||||
| 684 | Repairs expense—Computer | 0 | |||||
In response to requests from customers, S. Rey will begin selling
computer software. The company will extend credit terms of 1/10,
n/30, FOB shipping point, to all customers who purchase this
merchandise. However, no cash discount is available on consulting
fees. Additional accounts (Nos. 119, 413, 414, 415, and 502) are
added to its general ledger to accommodate the company’s new
merchandising activities. Its transactions for January through
March follow:
| Jan. | 4 | The company paid cash to Lyn Addie for five days’ work at the rate of $215 per day. Four of the five days relate to wages payable that were accrued in the prior year. | ||
| 5 | Santana Rey invested an additional $24,200 cash in the company. | |||
| 7 | The company purchased $5,800 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7. | |||
| 9 | The company received $2,768 cash from Gomez Co. as full payment on its account. | |||
| 11 | The company completed a five-day project for Alex’s Engineering Co. and billed it $5,420, which is the total price of $6,840 less the advance payment of $1,420. The company debited Unearned Computer Services Revenue for $1,420. | |||
| 13 | The company sold merchandise with a retail value of $4,100 and a cost of $3,400 to Liu Corp., invoice dated January 13. | |||
| 15 | The company paid $630 cash for freight charges on the merchandise purchased on January 7. | |||
| 16 | The company received $4,060 cash from Delta Co. for computer services provided. | |||
| 17 | The company paid Kansas Corp. for the invoice dated January 7, net of the discount. | |||
| 20 | The company gave a price reduction (allowance) of $700 to Liu Corp., and credited Liu's accounts receivable for that amount. | |||
| 22 | The company received the balance due from Liu Corp., net of the discount and the allowance. | |||
| 24 | The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $486. | |||
| 26 | The company purchased $9,900 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26. | |||
| 26 | The company sold merchandise with a $4,550 cost for $5,840 on credit to KC, Inc., invoice dated January 26. | |||
| 31 | The company paid cash to Lyn Addie for 10 days’ work at $215 per day. | |||
| Feb. | 1 | The company paid $2,535 cash to Hillside Mall for another three months’ rent in advance. | ||
| 3 | The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 credit from merchandise returned on January 24. | |||
| 5 | The company paid $440 cash to Facebook for an advertisement to appear on February 5 only. | |||
| 11 | The company received the balance due from Alex’s Engineering Co. for fees billed on January 11. | |||
| 15 | Santana Rey withdrew $4,720 cash from the company for personal use. | |||
| 23 | The company sold merchandise with a $2,530 cost for $3,390 on credit to Delta Co., invoice dated February 23. | |||
| 26 | The company paid cash to Lyn Addie for eight days’ work at $215 per day. | |||
| 27 | The company reimbursed Santana Rey $224 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." | |||
| Mar. | 8 | The company purchased $2,750 of computer supplies from Harris Office Products on credit with terms of n/30, FOB destination, invoice dated March 8. | ||
| 9 | The company received the balance due from Delta Co. for merchandise sold on February 23. | |||
| 11 | The company paid $770 cash for minor repairs to the company’s computer. | |||
| 16 | The company received $5,320 cash from Dream, Inc., for computing services provided. | |||
| 19 | The company paid the full amount due of $3,890 to Harris Office Products, consisting of amounts created on December 15 (of $1,140) and March 8. | |||
| 24 | The company billed Easy Leasing for $9,117 of computing services provided. | |||
| 25 | The company sold merchandise with a $2,202 cost for $2,840 on credit to Wildcat Services, invoice dated March 25. | |||
| 30 | The company sold merchandise with a $1,088 cost for $2,270 on credit to IFM Company, invoice dated March 30. | |||
| 31 | The company reimbursed Santana Rey $224 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." |
The following additional facts are available for preparing
adjustments on March 31 prior to financial statement
preparation:
Part 1: Prepare journal entries to record each of the January through March transactions.
Part 2: Post the journal entries in part 1 to the accounts in the company’s general ledger. Note: Begin with the ledger’s post-closing adjusted balances as of December 31, 2019.
Part 3: Prepare 6-column work sheet that includes the unadjusted trial balance, the March 31 adjustments (a) through (g), and the adjusted trial balance. Do not prepare closing entries and do not journalize the adjustments or post them to the ledger.
Part 4a) Prepare an income statement (from the adjusted trial
balance in part 3) for the three months ended March 31, 2018.
(a) Use a single-step format. List all expenses without
differentiating between selling expenses and general and
administrative expenses
Part 4b) Prepare an income statement (from the adjusted trial
balance in part 3) for the three months ended March 31, 2018.
(b) Use a multiple-step format that begins with gross sales
(service revenues plus gross product sales) and includes separate
categories for net sales, cost of goods sold, selling expenses, and
general and administrative expenses. Categorize the following
accounts as selling expenses: Wages Expense, Mileage Expense, and
Advertising Expense. Categorize the remaining expenses as general
and administrative.
Part 5) Prepare a statement of owner’s equity (from the adjusted trial balance in part 3) for the three months ended March 31, 2020.
Part 6) Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2020.
In: Accounting
What is a bond and how is it traded in financial markets?
In: Finance
Find the lower fence for the following data set: 45, 34, 27, 78, 42, 64, 78
Find the upper fence for the following data set: 3, 19, 47, 18, 23, 34, 45, 27, 10, 7
In: Statistics and Probability