Contemporary Canadian Business Law , Chapter 4 (Pg. 78) Case 4

A university operated a tavern on its premises for the benefit of its students. One student, who attended the tavern with some friends for the purpose of celebrating the end of the fall semester, became quite drunk. The tavern bartenders realized that the student was drunk around 11:00 p.m. and refused to serve him any additional alcoholic beverages. They also asked him to leave the premises. The student, however, remained and drank two additional beers that were purchased for him by his friends. Some time later, around 12 a.m., one of the bartenders noticed the student drinking and instructed the tavern bouncer to ask the student to leave. The bouncer did so, but the student refused, and the bouncer took the student by the arm and escorted him to the door. Along the hallway to the door the student was abusive and resisted leaving, but the bouncer managed to eject him from the building. A few minutes later, the student returned to the tavern and slipped by the doorman for the alleged
purpose of obtaining an explanation as to why he had been ejected. About eight feet from the door, he was apprehended by the bouncer and once again expelled from the tavern, but not without some resistance in the form of pushing and shoving and abusive language on the part of the student. In the course of ejection, the student fell against the door and smashed a glass pane in the door, which caused severe lacerations to his hand. The injury to the student’s hand required medical treatment and took several months to heal. The student brought an action against the university and the bouncer, claiming damages and claiming as well that the injury he received caused him to fail his mathematics course in the semester that followed the accident. Discuss the issues raised in this case and the various arguments that each party might raise. Render a decision.

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. Additional Information Items An analysis of WTI's insurance policies shows that $2,674 of coverage has expired. An inventory count shows that teaching supplies costing $2,318 are available at year-end 2017. Annual depreciation on the equipment is $10,698. Annual depreciation on the professional library is $5,349. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,700, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,561 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.) WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee. The balance in the Prepaid Rent account represents rent for December.

Help!

I just need to know how to get the (f)

f. account receivable

tuition fees earned

pls explain

Vaughn Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

From the information above, determine the amount of Vaughn Company inventory.

Which of the following scenarios illustrates the impact of political and legal forces on the marketing environment?

a.   ?With the number of smartphone users on the rise, Taalia Inc., an electronics company, decides to create mobile advertisements for its products in addition to print and television advertisements.

b.   ?After a shoe manufacturing company experiences an increase in demand for its products, it opens retail outlets in several locations.

c.   ?The raise in the legal drinking age from 21 to 25 in Florida might force marketing managers of alcohol companies to minimize their target market and reposition their offerings.

d.   ?Lianet Ltd. hires a homosexual individual as its marketing manager in an attempt to encourage diversity in the organization.

Exercise 9-03

Skysong Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

From the information above, determine the amount of Skysong Company inventory.

Question No 3. Tests Using Contingency Tables:

A researcher selected sample of customs from 4 companies and asked them if the companies care give warranty on sold items or not. Assume observed values from your own (fill the below table by assuming any values of your choice) and test the claim that the proportion of customers of each company who got warranty is the same for each company by choosing alpha of your own choice.  (Marks 2.5)

Brett and Lisa file taxes under the married filing jointly status. Lisa is a sales manager for an auto parts company and Brett takes care of their 3 children. In 2018, Lisa receives a promotion associated with a move to a new division located over 500 miles from their existing home. The cost to move their household items is $8,700. Lisa's employer reimburses her for $3,000 of those costs and also pays $2,100 for airfare for the entire family to fly to the new destination. Lisa's moving expenses deduction for 2018 is:

a.$5,700

b.$3,600

c.$0

d.$8,700

e.None of these choices are correct.

Ellen supports her family as a self-employed attorney. She reports $90,000 of income on her Schedule C and pays $8,000 for health insurance for her family, $2,500 for dental insurance, $4,000 for health insurance for her 23-year-old daughter who is no longer a dependent, and $3,000 for disability insurance for herself. What is Ellen's self-employed health insurance deduction?

a.$10,500

b.$12,000

c.$13,500

d.$14,500

e.$8,000

Over the years, Monica contributed $15,000 to a Roth IRA opened 10 years ago. The IRA has a current value of $37,500. She is 54 years old and takes a distribution of $25,000. How much of the distribution will be taxable to Monica?

a.$10,000

b.$0

c.$37,500

d.$15,000

e.$25,000

Jody is a physician (not covered by a retirement plan) with a salary of $40,000 from the hospital where she is employed. She supports her husband, Andre, who sells art work and has no earned income. Both are in their twenties. What is the maximum total amount that Jody and Andre may contribute to their IRAs and deduct for the 2018 tax year?

a.$5,000

b.$5,500

c.$11,000

d.$10,000

e.None of these choices are correct.

(1) On August 1, 2018, We R Clean Company signed a 9-month contract with a hotel chain to provide pool and spa cleaning services for 3 hotel sites. The contract price of $14,850 was collected on the date the contract was signed. The services will be provided evenly over the next 9 months, starting on August 1. The adjusting entry on December 31, 2018 will

Credit Service Revenue for $6,600

Debit Earned Revenue for $6,600

Credit Service Revenue for 8,910

Debit Unearned Revenue for $8,250

(2) Collegiate Fitness Centers have 15,000 members whose monthly dues are $30 each. The company does not send individual bills to customers, who have until the 10th day of the month following the month of service to pay their monthly dues. On December 31, 2017, the company’s records show that 7,000 customers have already paid their December dues, and the payments were properly recorded. The adjusting entry to be recorded on December 31 will include

One of the ways to create a good work–life balance is to set goals. We create goals to guide and motivate us to succeed. Setting goals can give us a reason to work hard, engage in ethical behavior, and create a balance between work and personal life. Self-motivation techniques can help us to achieve our goals and maintain focus on the rewards for staying on task. It is important that we identify our values and needs to accomplish this.

Instructions Create a list of goals for yourself. (List a minimum of 5 goals.) For each goal, explain how the goal is representative of each of the SMART characteristics (Specific, Measurable, Attainable, Realistic, Timely) Be sure to answer the following questions for each goal summary: Does it answer Who, What, When, Where, Why? Can you measure it? Is it attainable? Is it realistic? What is the time frame you have set for completing that goal?

A recent article by an investigative journalist has gone viral; exposing some pretty disturbing labor practices in one of the company’s factories in India. Worse still, this comes on the heels of another high profile documentary exposing the environmental issues in cotton production. The company sources cotton from both India and China. Corporate management is coming under intense international pressure as well as from the US press, public, environmentalists, shareholders and the board of directors. The CEO is looking to you to:

You've been asked to provide examples of country-specific and culturally sensitive initiatives that the company will be taking to remedy the situation and improve the company's image in the eyes of its international stakeholders. (RAA Excellence System Mastery Level Civic & Social Responsibility)