Sheffield Inc. reported the following partial statement of income data for the years ended December 31, 2021, and 2020:

The company reported inventory in the statement of financial position at $46,000, $49,500, and $48,000 at the end of 2019, 2020, and 2021, respectively. The ending inventory amounts for 2019 and 2021 are correct. However, the ending inventory at December 31, 2020, is understated by $7,620.

Prepare correct statements of income for 2020 and 2021 through to gross profit.

On December 31, 20X3, Broadway Corporation reported common stock outstanding of $200,000, additional paid-in capital of $300,000, and retained earnings of $100,000. On January 1, 20X4, Johe Company acquired control of Broadway in a business combination.

Required:
Give the Consolidation entry that would be needed in preparing a consolidated balance sheet immediately following the combination if Johe acquired all of Broadway’s outstanding common stock for $600,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A) Record the basic consolidation entry

Suppose you were 100% certain that your future child, assumed to be born in 2029, will attend Simmons University for a four-year education when she is 18 years old (enrolling in fall 2047).

The 2020-2021 tuition, room, board, and fees to attend Simmons are $60,180.

Required (Show/explain your computations):

1. If tuition were to increase at a rate of 3% per year between now and when your daughter enrolls (fall 2047), what will be the estimated tuition, room, board, and fees for your daughter’s first year of college?

2. Assume that each of the four years of your daughter’s education will cost the same constant amount you computed in part (1). What is the total amount you would have to spend (assuming no scholarships or grants) to pay for the entire 4-year education?

3. Assume that you can earn 5% on money saved for your daughter’s education. Suppose Simmons University offered you the following deal: Pay $134,000 today, and your daughter’s full 4-year education will be covered when she enrolls. Which is financially more advantageous to you – accepting this offer, or paying the full amount (the amount you computed in part (2)) in fall of 2047?

You have just been hired as the new human resource manager for Delta Inc. On your first day at work the CEO wants to meet with you to discuss a proposed evaluation of compensation practices at Delta. Unfortunately, the CEO is very busy and wants you to - in a short meeting - thoroughly describe the most important generic aspects of a compensation system that should be considered when evaluating Delta’s compensation practices. The CEO tells you to plan on a 10 minute meeting – you have to be brief and succinct – what are you going to tell the CEO?

Which of these are good ways to find a buyer’s agent?

Ask an attorney

Referrals

Ask a broker

Search online

Interview agents

Explain the importance of evaluating non-verbal communication during a subject interview? How does someone become a good interviewer?

Explain or give an example of the most recent hiring/ interview process you underwent.

Explain why this was positive or negative and why.