⦁   CASE STUDY

The Allure of Franchising

Neil Erlich knew that he wanted to be an entrepreneur when he helped start a contracting business when he was just 14 years old. During his junior year at Sonoma State University, Erlich, with help from his father, a corporate executive, began investigating franchise options that would suit his interests and skills. They honed in on the automotive service industry and reviewed the regulations of several franchises, including Total, Jiffy Lube, and Midas, before settling on Express Oil Change. Erlich was particularly impressed with the support that Express Oil Change offered its franchisees. When Erlich graduated with a business degree, his father put up $375,000 to help him purchase and set up the $1.5 million franchise operation. Erlich, who is the youngest franchisee in the Express Oil Change system, sees the franchisor’s support as one of the greatest benefits of choosing to open a franchise rather than an independent business of his own.” The franchisor is there for you," he says. "It’s very comforting. "

Like Erlich, a growing number of college graduates and twenty-something adults who are disenchanted w*+
th the prospects of a dull job in the corporate grind are looking to franchising as a promising career choice. Indeed, franchising is attracting people of all ages and backgrounds, from corporate dropouts and military veterans to retired Baby Boomers and corporate castoffs.
” People say, ’I put 20 years into a company, and because they ran into some tough times, they let me go,’” explains Ray Titus, head of the United Franchise Group.” They think, ’Do I want to put myself into a position where I may get laid off again?’ Instead, they take control of their future by running their own businesses." For many of them, franchising is the perfect fit.

Retirees who are looking for second careers also are turning to franchising as well. "They’ve got school-of-hard-knocks experience and business skills that they can apply on day one at a franchise," says Michael Shay of the International Franchise Association. Judy Divita, a retired corporate human resources manager, and her husband Charlie, a retired college professor and consultant, decided to embark on second careers as franchisees rather than stop working. After researching franchise opportunities, they opened a Subway franchise in Columbia, South Carolina, not far from where Charlie had taught at the University of South Carolina. Over the next nine years, the Divitas opened five more sandwich shops in Columbia, including one on the university campus. In addition to their built-in market of college students, they target the players on the athletic teams that come to campus to participate in more than 400 sporting events ranging from baseball and football to basketball and volleyball each year. The Divitas have won the MVP Award Winner for Innovation from Multi-Unit Franchisee magazine. Their nine outlets generate $4.5 million in annual sales, and the couple’s goal is to have 13 Subway locations within 10 years.” The franchise gives you the basic things to put you in business pretty quickly," says Charlie.” You have to take it beyond that and be creative to come up with novel ways of doing things that are particular to your company and your community.”

Franchising can be the ideal path to owning a business for people in almost any phase of professional life, whether they are retirees looking for a new direction and extra income or recent college graduates who are ready to embark on exciting careers. "Boosted by a brand name, training, advertising, and an established business plan, a franchise can ease the struggle and the risk of opening a business and still let you call some shots,” says one business writer.

⦁   QUESTIONS:
Answer the below questions based on the text above, the course material, your own experience and information search on the internet and in academic sources from the AOU e-library. (i.e. companies’ webpages, AOU e-library databases…)

⦁   These examples show people at different stages of their professional lives choosing to become business owners with the help of a franchise. What conclusions can you draw from their stories about the benefits and appeal of franchising? (300 words – 40- marks)

⦁   What are the disadvantages of investing in a franchise? (200 words – 30 marks)

⦁   Suppose that one of your friends who is about to graduate is considering purchasing a franchise. What advice would you offer him or her before signing the franchise contract? (200 words – 30 marks)

NEW YORK (CBSNewYork) — A Brooklyn family is dealing with absolute devastation after their only child died following a fatal mistake. Their baby boy was taken to the hospital with just a fever and was given what turned out to be a deadly dose of medication.

Earlier Wednesday afternoon, the New York City Medical Examiner ruled the death of 6-month-old Amaan Ahmmad an accident. The ME said the death was the result of complications following administration of an adult dose of the antibiotic azithromycin, which is commercially known as Zithromax.

Instead of looking forward to a lifetime of birthdays, the family is now making funeral arrangements for their child. Ummay Sultana and Amain Ahmmad said their son became ill last Friday, so they took him to Brookdale, where he was born.

“He catch cold and we took him to the emergency,” Sultana said.

Hospital records showed baby Amaan was brought to the ER “alert and responsive” and with the exception of a fever, which was reportedly around 100, the nursing staff did not list any other visible symptoms.

But an examination led to a diagnosis of clinical pneumonia. Amaan was transferred to the pediatric unit and given a dose of the azithromycin through an IV drip in his right arm.

According to the nursing notes, at least 36 minutes passed before the hospital staff realized something was wrong.

CBS 2’s Jay Dow spoke with the parents Wednesday and asked the boy’s father who he blames for his son’s death.

“Hospital management, doctor, nurse—of emergency,” he replied.

“I’m like ‘look, look my baby’s dying! My baby’s dying!’ and then nurse came over and said ‘no, you’re baby’s pretty good. He’s sleeping,’” Sultana told CBS 2’s Sean Hennessey.

A copy of the hospital’s discharge summary states the child was given “Azithromycin (500mg), in error” — which led to “cardiac shock.”

Family pediatrician Dr. Suzanne Loiselle said that dosage is more typical for an adult and not a 17-pound baby like Amaan.

“Nobody can feel worse for the family than the doctors and nurses that were involved in this child’s care,” Loiselle said. “About 80 milligrams would be appropriate for a child roughly in his weight class.”

Less than 24 hours after the overdose, Ummay and Amain were told their son was brain dead. Amaan was taken off a respirator on Monday.

“They told us there is no hope because his head is totally collapsed,” his father told Hennessey.

Brookdale Hospital would not answer questions from 1010 WINS or CBS 2, saying only: “We are investigating the circum- stances of this tragic incident and express our condolences to the Ahmmad family.”

“I never think like that he pass away forever,” Sultana said. “I thought he’s gonna come back.”

The two first-time parents said they are both devastated and outraged over a fatal medical mistake that cut short their baby’s

life just as it was getting started.

1) Some medications are formulated such that there is a slow release of the active ingredients. Such formulations are known as “extended release.” Azithromycin ER is a single-dose, extended release formulation. The recommended dosage for a child 6 months and older who is brought to the Emergency Room with community acquired pneumonia is 60 mg/kg administered orally. Azithromycin (immediate release) has much faster onset of action and acts almost immediately when administered intravenously (by IV). Clinicians exercise clinical judgment when deciding whether or not to treat a pediatric patient with azithromycin intravenously. If therapy is deemed necessary, a dose of 10 mg/kg for those age 6 months to 16 years is considered reasonable.

(a) Based on the information above, what would be an appropriate dose of azithromycin ER for a baby weighing 17 lbs such as Amaan? (3 points) Note: The dosage used in this problem was obtained from the reference:

http://www.drugs.com/dosage/azithromycin.html#Usual_Pediatric_Dose_for_Pneumonia

(b) How does the appropriate dose of azithromycin ER for a baby weighing 17 lbs such as Amaan compare with the dose of azithromycin that was given intravenously to Amaan. (3 points)

(c) What would be an appropriate dose of azithromycin (immediate release) administered by IV for a baby weighing 17 lbs such as Amaan? How does your calculated dose compare with that indicated by Dr. Loiselle? (3 points)

Salim was a Sales Manager for XYZ Company in Muscat City branch. A week ago,
he was promoted and shifted to Head Office as Manager - Product Management
for a division of products which he was not very familiar with. Three days ago, the
company VICE PRESIDENT - Mr. Hamed, convened a meeting of all Product
Managers. Salim's new boss (Senior Manager – Ms. Asma) was not able to attend
due to some other preoccupation. Hence, the Marketing Director, Abdullah -
asked Salim to attend the meeting as this would give him an exposure into his
new role. At the beginning of the meeting, Abdullah introduced Salim very briefly
to the VICE PRESIDENT. The meeting started with an address from the VICE
PRESIDENT and soon it got into a series of questions from him to every Product
Manager. Hamed, of course, was pretty thorough with every single product of the
company and he was known to be pushy and a blunt veteran in the field. Most of
the Product Managers were very clear of Hamed's ways of working and had
thoroughly prepared for the meeting and were giving to the point answers.
Hamed then started with Salim. Salim being new to the product, was quite
confused and fared miserably. Abdullah immediately understood that Hamed had
possibly failed to remember that Salim was new to the job. He thought of
interrupting Hamed's questioning and giving a discrete reminder that Salim was
new. But by that time, Hamed who was pretty upset with the lack of preparation
by Salim made a public statement "Gentlemen, you are witnessing here an
example of casual work and this can't be excused". Now Abdullah was in two
minds - should he interrupt Hamed and tell him that Salim is new in that position
OR should he wait till the end of the meeting and tell Hamed privately. Abdullah
chose the second option. Salim was visibly angry at the treatment meted out by
Hamed but he also chose to keep mum. Hamed quickly closed the meeting saying
that he found in general, lack of planning in the department and asked Abdullah
to stay back in the room for further discussions. Before Abdullah could give any
explanation on Salim, Hamed asked him "Tell me openly, Abdullah, was I too
rough with that boy?" Abdullah said "Yes, you were. In fact, I was about to remind
you that Salim is new to the job". Hamed explained that the fact that Salim was
new to the job didn't quite register with him during the meeting. Hamed admitted
that he had made a mistake and asked his secretary to get Salim report to the
room immediately. A confused and uncomfortable Salim reported to Hamed's
room after few minutes. Hamed looking Salim straight into his eyes said "I have
done something which I should have never even thought of and I want to
apologies to you. It is my mistake that I did not recollect that you were new to the
job when I was questioning you". Salim was left speechless. Hamed continued "I
would like to state few things clearly to you. Your job is to make sure that people
like me and your bosses do not make unintelligent decisions. We have good
confidence in your abilities and that is why we have brought you to the Head
Office. For everybody, time is required for learning. I will expect you to know all
the nuances of your product in three months time. Until then you have my
complete confidence". Vice president closed the conversation with a big
reassuring handshake with Salim.
Questions:
1. Is it necessary for Mr. Hamed to apologies to such a junior employee like Salim?
If you were in Salim's place, how would you to respond to Hamed's apology?
2. Was Hamed correct in saying that Salim is there to correct the "unintelligent
mistake" of his boss and Hamed? If yes or no then how?
3. Did Abdullah make a mistake by not intervening during the meeting and correct
Hamed's misconception about Salim? Provide your justification?
4. As an HR person, how would you define the character of Hamed - mistreatment
but later regretting? Does his attitude need to be corrected? If yes or no give your
suggestions?
5. If you are the Vice President of XYZ Company, briefly discuss how you will
handle the situation?

MiniTek manufactures private-label small electronic products, such as alarm clocks, calculators, kitchen timers, stop watches, and automatic pencil sharpeners. Some of the products are sold as a set, and others are sold individually. Products are studied as to their sales potential, and then cost estimates are made. The engineering Department develops production plans, and then cost estimates are made. The Engineering Department develops product introductions. Only two products introduced by the company have been discontinued.

One of the products currently sold is a mini-alarm clock. The clock has four alarms and can be programmed to sound at various times and for varying lengths of time. The company has experienced a great deal of difficulty in making circuit boards for the clocks. The production process has never operated smoothly. The production is unprofitable at the present time, primarily because of warranty repairs and product recalls. Two models of the clocks were recalled, for example, because they sometimes cause an electrical shock when the alarms were being shut off. The Engineering Department is attempting to revise the manufacturing process, but the revision will take another 6 months at least.

The clocks were very popular when they were introduced, and since they are private label, the company has not suffered much from the recalls. Presently, the company has a very large order for several items from Kmart Stores. The order includes 5,000 of the multi-alarm clocks. When the company suggested that Kmart purchase the clock from another manufacturer, Kmart threatened to rescind the entire order unless the clock were included.

The company has therefore investigated the possibility of having another company make the clocks for them. The clocks were bid for the Kmart order based on an estimated $6.90 cost to manufacture:

Circuit Board, 1 each @ $2.00            $2.00

Plastic Case, 1 each @ $0.80              0.08

Alarms, 4 @ $0.15 each                      0.60

Labor, 15minutes @ 12/hour             3.00

Overhead, $2.00 per labor hour         0.50

MiniTek could purchase the clocks to fill the Kmart order at $10 from Trans-Tech Asia, a Korean manufacturer with a very good quality record, Trans-Tech has offered to reduce the price to $7.50 after MiniTek has been a customer for 6 months, placing an order of at least 1,000 units per month. If MiniTek becomes a “preferred customer” by purchasing 15,000 units per year, the price would be reduced still further to $4.50.

Omega Products, a local manufacturing, has also offered to make clocks for MiniTek. They have offered to sell $5,000 clocks for $5 each. However, Omega Products has been in business for only 6 months. They have experienced significant turnover in their labor force, and the local press has reported that the owner may face tax evasion charges soon. The owner of Omega Products is an electronic engineer, however, and the quality of the clocks is likely to be good.

If MiniTek decides to purchase the clocks from either Trans-Tech or Omega, all the costs to manufacture could be avoided, except a total of $5,000 in overhead costs for machine depreciation. The machinery is fairly new and has no alternative use.

Answer the following questions

1. What is the difference in profit under each of the alternatives if the clocks are to be sold for $14.50 each to Kmart?
2. What are the most important nonfinancial factors that MiniTek should consider when making this decision?
3. What do you think MiniTek should do in regard to the Kmart order? What should it do in regard to continuing to manufacture the multi-alarm clocks? Be prepared to defend your answer.

Basic Pass Level Requirements - 53

Your extended Text Based Music Application must add the following functionality:

Display a menu that offers the user the following options:

1. Read in Albums

2. Display Albums

3. Select an Album to play

4. Update an existing Album

5. Exit the application

Menu option 1 should prompt the user to enter a filename of a file that contains the following information:

·The number of albums

·The first album name

·The first artist name

·The genre of the album

·The number of tracks (up to a maximum of 15)

·The name and file location (path) of each track.

·The album information for the remaining albums.

Menu option 2 should allow the user to either display all albums or all albums for a particular genre. The albums should be listed with a unique album number which can be used in Option 3 to select an album to play. The album number should serve the role of a ‘primary key’ for locating an album. But it is allocated internally by your program, not by the user.

Menu option 3 should prompt the user to enter the primary key (or album number) for an album as listed using Menu option 2.If the album is found the program should list all the tracks for the album, along with track numbers. The user should then be prompted to enter a track number. If the track number exists, then the system should display the message “Playing track ” then the track name, “ from album ” then the album name. You may or may not call an external program to play the track, but if not the system should delay for several seconds before returning to the main menu.

Menu option 4 should allow the user to enter a unique album number and change its title or genre. The updated album should then be displayed to the user and the user prompted to press enter to return to the main menu (you do not need to update the file at this level)..

At this level minimum validation is required. Just make sure your program does not crash if incorrect values are entered and that all fields have an expected value (eg: perhaps have a default genre of “unknown” in case the user enters and incorrect value for genre

input function :

# Display the prompt and return the read string
def read_string prompt
   puts prompt
   value = gets.chomp
end

# Display the prompt and return the read float
def read_float prompt
   value = read_string(prompt)
   value.to_f
end

#takes a number only decimal or intger
def read_float_only prompt
   puts(prompt)
   value=Float(gets) rescue nil
       while(value == nil)
       puts('Please enter a real number: ')
       value=Float(gets) rescue nil
       end
   value.to_f
end

# Display the prompt and return the read integer
def read_integer prompt
   value = read_string(prompt)
   value.to_i
end

# takes intgers only
def read_integer_only prompt
   puts(prompt)
   value=Integer(gets) rescue nil
       while(value == nil)
       puts('Please enter a real number: ')
       value=Integer(gets) rescue nil
       end
   value.to_i
end

# Read an integer between min and max, prompting with the string provided
def read_integer_in_range(prompt, min, max)
   value = read_integer(prompt)
   while (value < min or value > max)
       puts "Please enter a value between " + min.to_s + " and " + max.to_s + ": "
       value = read_integer(prompt);
   end
   value
end

# Display the prompt and return the read Boolean
def read_boolean prompt
   value = read_string(prompt)
   case value
   when 'y', 'yes', 'Yes', 'YES'
       true
   else
       false
   end
end

#Test the functions above
#def main()

#value=read_float_only("please enter a number:")
#end

#main()

what do u mean u need more example

use RUBY program.

what other information do u need?

Experiment: Charging by contact and induction:

Electrostatics Kit
Masking Tape
Monofilament Line
Paperclip
Wooden Block with Slit

In this experiment, you will charge pith balls by contact and induction.
- Tear one small piece of masking tape from the roll (approximately 5 cm).

-. Create a small, closed loop with the tape, leaving the sticky side on the outside of the loop.

-. Secure the looped tape to one of a side of the wooden block adjacent to the side with the slit.

-. Press the taped side of the wooden block onto a smooth wall (or the flat side of a counter or table top) with the slit pointing perpendicular to the wall and parallel to the floor.

-. Unwrap the outer layer of a paperclip.

-. Use the exposed end of the paperclip to poke a hole through the centers of two pith balls.

-. Thread one end of the monofilament line through one of the pith balls. Tie a knot on the end that you threaded through to keep the pith ball on the thread. Note: If the paperclip created a larger hole, three to five knots may need to be tied to secure the ball on the thread.

-. Repeat Step 7 on the other end of the monofilament line with the other pith ball.

-. Once the pith balls are secured on each end of the line, place the line in the slit of the wooden block. The pith balls should rest at the same height.

-. Remove any charge from the acetate strip (light blue and transparent) by grabbing it with your hand or rubbing it on a metal object like a door knob. This is called grounding.

-. Test for interactions between the acetate strip and both pith balls. Record observations of any interaction.

-. Charge the acetate strip by rubbing it with the cotton cloth.

-. Slowly bring the plastic strip close enough to the right pith ball so that it moves, but does not touch the plastic strip. Once movement of the pith ball is observed move the plastic strip away. Record your observations (e.g., how far away were the two objects, how fast did the pith ball move, in what direction did the pith ball move, etc.).

-. Slowly bring the plastic strip close enough to the left pith ball so that it moves, but does not touch the plastic strip. Once movement of the pith ball is observed move the plastic strip away. Record your observations.

-. Hold the monofilament line above the right pith ball and bring the ball into contact with the plastic strip.

-. Let the pith ball hang again and bring the plastic rod close to, but without touching the right pith ball. What kind of interaction is observed? Record your observations in Post-Lab Question 3.

-. Hold the line above the right pith ball and bring it close to the left pith ball. Observe what happens. Let the balls come into contact. How does that change the interaction?

-. Grab the pith balls to ground them and take away any charge they may have.

-. Charge the plastic rod again with the cotton.

-. Hold the line above the right pith ball with your pointer and middle finger. Bring the right pith ball close to the plastic rod, but do not let them touch. This time touch the left side of the ball (the one opposite of the rod) with your thumb. Let the ball hang again. Bring the right pith ball close to the left pith ball. Observe what happens.

1. Draw a diagram to show how Step 13 charged the right pith ball.

In addition to the diagram, I would like to know is my conclusion is correct: I believe the acetate strip contains a negative charge after being rubbed with the cotton, due to free electrons present on the surfaces. The charge on the acetate is negative? Will give 100% rating. Please and Thank you in advance!

Q: Choose the correct answer

Income is considered one of the most important items in financial statements because:

a-Investment Guide

b-Scope for determining accounting policies

c-The intellectual premise of honest representation

d-Application for the basis of the interview

2- The name Of Luke Basiloli of Italy is linked to the following:

a-Money

b-The Art of Writing

c- Record-keeping system

d-Trade

3- The concepts of continuity, periodicity and entitlement appeared at the stage of:

a-Asset processing phase

b-Industrial Revolution

c-Expand ing the dual-entry circuit

d-The evolution of financial statements

4- The process of determining taxable income is concentrated within the stage of:

a-Organizations stage

b-Politicization

c-Career contribution stage

d-Management phase

5- The use of an integrated system of interrelated accounts made it possible for the capitalist owner to:

a-Separation of ownership from management

b-Profit is rational.

c-Expansion of activity

d-Formulating a concept of capital

6- Accounting provides financial statements, fact sheets, press releases and analyst meetings to: A- Clients B- Capital Processors C- Community D- Lenders.

Capital processors

Customer

Community

Lenders

7- Any of the following features do not fall within the features of good accounting practice:

a-The honesty and honesty of the auditor

b-Inform ing the public about economic practices

c- Believe it or the accountant's honesty

d-Understanding the components of the intellectual framework of accounting

8- The method that focuses on current and future economic events falls under the consideration of the nature of accounting

a-As a dogma.

b-As a historical record.

c-As a language

d-As an economic reality.

9- Any of the following entrances are not considered among the traditional entrances:

a-The moral entrance.

b-The entrance to the events

c-Social portal

d-Economic portal

10- The formulation of accounting objectives depends on the existence of an understanding and solution to the contradictory interests based on the information market, so financial disclosures are intertwined with the interests of the following major categories:

a-Management, users and profession

b- Users, profession and lenders

c-Shareholders, profession and lenders

d-Public, management and lenders

Q/ TRUE-FALSE—Conceptual

The historical cost model is one of the fair value models:

True

False

2- The method of net value of collection depends on the prices of the output market and takes the value of the time dimension associated with the present:

True

False

3- One of the disadvantages of the adjusted historical cost is the use of the special price index, which leads to inaccurate results, because economic units are often affected by inflation related to the assets they use and deal in.

True

False

4- Theory is a system or a blueprint of ideas or an list of interpretations or a collection of facts or phenomena - assumptions that have been proven or established through observation or experience and have become facts or are a list of general laws or principles or cases of known things

True

False

5- The need for theory stems from the need for a logical basis to interpret what accountants do and the theory is completed by verifying the sincerity of the theory.

True

False

6- Through financial statements, various economic activities are reported using the accounting language.

True

False

7- The concept of care and protection fundamentally reflects the relationship between the client and the agent

True

False

8- The inductive logic begins to build any theory with observations and measurements and ends with special conclusions.

True

False

9- The introspective approach begins with general assumptions, but the formulation of assumptions is always made through inductive logic.

True

False

10. From the introspection. Ijiri, patton, littelton

True

False

the subject accounting

During November, the first month of operations, the following transactions occurred: Date Event 1-Nov Paid $7,200 for 12 months rent on office space 2-Nov Purchased office furniture for $8,950. 3-Nov Purchased $11,354 of additional office supplies on account. 8-Nov Borrowed 20,000 from the bank for operating cash. The note has a 3% interest rate (simple interest) and is to be paid back in 4 years 15-Nov Received $10,800 from Fortuna Inc. for work to be performed over the next 12 months. 20-Nov Paid $1,560 for utilities. 21-Nov Performed services for various customers for $13,200 cash and another $18,100 on account. 25-Nov Paid $8,650 for purchases of supplies previously made on account. 27-Nov Paid salaries to employees totaling $5,200 for 1 week. 30-Nov Collected $12,300 as payment for amounts previously billed. 30-Nov Dividends of $3,000 were declared and paid. At the end of November, the following additional information is available to help determine what adjustments are needed: 30-Nov One month of the prepaid rent has been used up 30-Nov Supplies on hand are $8,150. 30-Nov One month of interest has accrued on the note payable for the bank loan. 30-Nov One month of the services for the Fortuna Inc. has been performed (see above). 30-Nov Salaries of $5,200 are paid every Friday (for a 5 day work week). November 30, 2017 was a Thursday. 30-Nov Additional work for customers of $9,580 has been performed during the last week of November but not yet billed 30-Nov Depreciation expense for the computer equipment is $140 and for the office furniture is $120 SUGGESTED STEPS FOR COMPLETION OF THE PROJECT: 1 Prepare journal entries to record the November transactions given. Please refer to the Worksheet tab for Account Titles you may need. 2 Add the November journal entry information to the Worksheet in the November columns. You can do this in one of 2 ways - (1) Post the journal entries to ledger accounts using T-accounts to represent ledger accounts and then use those totals to post to the worksheet or (2) use excel to add all entries for a particular account into the correct column in the worksheet (ie., add all cash debits from the journal entries into the cash debit column for November entries). There is a tab to use for T Accounts if you want but they are NOT required 3 Prepare an unadjusted trial balance as of November 30, 2017. This will be part of the Worksheet you prepare. There is a tab in this file that you will use for this. Excel formulas must be used throughout the project to obtain full credit. 4 Prepare adjusting entries for the month of November given the information provided. 5 Post the adjusting entries to the Adjusting entries columns on the worksheet 6 Prepare an adjusted trial balance as of November 30, 2017. This will be part of the Worksheet you prepare. There is a tab in this file that you will use for this. 7 Prepare financial statements for the month ending November 30, 2017. (Income Statement, Statement of Retained Earnings, Classified Balance Sheet ). Formatting is important and will be graded so be sure you use dollar signs and underlines as appropriate. Also be sure you have headings and proper column usage for all statements. There is a tab for these statements. Heading are PARTIALLY completed for the 3 statements. 8 Prepare closing entries for the end of the period 9 Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab and the Financial Statements from the Financial Statements tab to the Financial Statements tab. Highlight the entire worksheet/financial statements area respecively and press the "ctrl" key and the "~" key. This will cause the formulas used to display instead of the numbers. Save your file with the formulas displayed.

This is really an odd situation,” said Jim Carter, general manager of Highland Publishing Company. “We get most of the jobs we bid on that require a lot of press time in the Printing Department, yet profits on those jobs are never as high as they ought to be. On the other hand, we lose most of the jobs we bid on that require a lot of time in the Binding Department. I would be inclined to think that the problem is with our overhead rates, but we’re already computing separate overhead rates for each department. So what else could be wrong?”