From Chapter 11 Assignment- Revisit the world of Business How did marketing contribute toward creating the successful Banana Republic brand?
In: Operations Management
The outline, ideas and explain these ideas of topic: I agree that specific plans do not contribute to improve organizational performance in an uncertain business environment
In: Economics
Factors That Contribute to a Creative Climate Specific to Both Individuals and Teams.Factors That Supported Creativity of Employees and Teams. Initiative That Could Strengthen Climate of Creativity
In: Operations Management
If people voluntarily contribute towards funding a public good, do you think there would be over or under-provision of the public good? Why?
In: Economics
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances:
| Accounts | Debit | Credit | |||||
| Cash | $ | 24,900 | |||||
| Accounts Receivable | 6,300 | ||||||
| Supplies | 4,200 | ||||||
| Land | 61,000 | ||||||
| Accounts Payable | $ | 4,300 | |||||
| Common Stock | 76,000 | ||||||
| Retained Earnings | 16,100 | ||||||
| Totals | $ | 96,400 | $ | 96,400 | |||
During January 2021, the following transactions occur:
| January | 2 | Purchase rental space for one year in advance, $9,300 ($775/month). | ||
| January | 9 | Purchase additional supplies on account, $4,600. | ||
| January | 13 | Provide services to customers on account, $26,600. | ||
| January | 17 | Receive cash in advance from customers for services to be provided in the future, $4,800. | ||
| January | 20 | Pay cash for salaries, $12,600. | ||
| January | 22 | Receive cash on accounts receivable, $25,200. | ||
| January | 29 | Pay cash on accounts payable, $5,100. |
The following information is available on January 31.
Record the purchase of rental space for one year in advance, $9,300 ($775/month).
Record the purchase of additional supplies on account, $4,600.
Record the providing of services to customers on account, $26,600.
Record the receipt of cash in advance from customers for services to be provided in the future, $4,800.
Record the payment of cash for salaries, $12,600.
Record the receipt of cash on accounts receivable, $25,200.
Record the payment of cash on accounts payable, $5,100.
Record the adjusting entry for rent. Rent for the month of January has expired.
Record the adjusting entry for supplies. Supplies remaining at the end of January total $3,900.
Record the adjusting entry for services provided to customers who paid in advance. By the end of January, $4,025 of services has been provided to customers who paid in advance on January 17.
Record the adjusting entry for salaries payable. Unpaid salaries at the end of January are $5,030.
Record the entry to close the revenue accounts.
Record the entry to close the expense accounts.
In: Accounting
1. In TWO sentences, describe Management by Exception.
2. List THREE advantages of Decentralization.
3.
For EACH of the following responsibility centers, describe what the manager is responsible for.:
In: Accounting
At June 30, 2017, the end of its most recent fiscal year, Blue
Computer Consultants’ post-closing trial balance was as
follows:
| Debit | Credit | |||
|---|---|---|---|---|
| Cash | $6,380 | |||
| Accounts receivable | 1,460 | |||
| Supplies | 840 | |||
| Accounts payable | $490 | |||
| Unearned service revenue | 1,370 | |||
| Common stock | 4,400 | |||
| Retained earnings | 2,420 | |||
| $8,680 | $8,680 |
The company underwent a major expansion in July. New staff was
hired and more financing was obtained. Blue conducted the following
transactions during July 2017, and adjusts its accounts
monthly.
| July | 1 | Purchased equipment, paying $4,400 cash and signing a 2-year note payable for $24,400. The equipment has a 4-year useful life. The note has a 6% interest rate which is payable on the first day of each following month. | |
| 2 | Issued 24,400 shares of common stock for $61,000 cash. | ||
| 3 | Paid $4,200 cash for a 12-month insurance policy effective July 1. | ||
| 3 | Paid the first 2 (July and August 2017) months’ rent for an annual lease of office space for $4,900 per month. | ||
| 6 | Paid $4,600 for supplies. | ||
| 9 | Visited client offices and agreed on the terms of a consulting project. Blue will bill the client, Connor Productions, on the 20th of each month for services performed. | ||
| 10 | Collected $1,460 cash on account from Milani Brothers. This client was billed in June when Blue performed the service. | ||
| 13 | Performed services for Fitzgerald Enterprises. This client paid $1,370 in advance last month. All services relating to this payment are now completed. | ||
| 14 | Paid $490 cash for a utility bill. This related to June utilities that were accrued at the end of June. | ||
| 16 | Met with a new client, Thunder Bay Technologies. Received $14,600 cash in advance for future services to be performed. | ||
| 18 | Paid semi-monthly salaries for $13,400. | ||
| 20 | Performed services worth $34,200 on account and billed customers. | ||
| 20 | Received a bill for $2,700 for advertising services received during July. The amount is not due until August 15. | ||
| 23 | Performed the first phase of the project for Thunder Bay Technologies. Recognized $12,200 of revenue from the cash advance received July 16. | ||
| 27 | Received $18,300 cash from customers billed on July 20. |
Adjustment data:
| 1. | Adjustment of prepaid insurance. | |
| 2. | Adjustment of prepaid rent. | |
| 3. | Supplies used, $1,550. | |
| 4. | Equipment depreciation, $600 per month. | |
| 5. | Accrual of interest on note payable. | |
| 6. | Salaries for the second half of July, $13,400, to be paid on August 1. | |
| 7. | Estimated utilities expense for July, $980 (invoice will be received in August). | |
| 8. | Income tax for July, $1,460, will be paid in August. |
The chart of accounts for Blue Computer Consultants contains the
following accounts: Cash, Accounts Receivable, Supplies, Prepaid
Insurance. Prepaid Rent, Equipment, Accumulated
Depreciation—Equipment, Accounts Payable, Notes Payable, Interest
Payable, Income Taxes Payable, Salaries and Wages Payable, Unearned
Service Revenue, Common Stock, Retained Earnings, Dividends, Income
Summary, Service Revenue, Supplies Expense, Depreciation Expense,
Insurance Expense, Salaries and Wages Expense, Advertising Expense,
Income Tax Expense, Interest Expense, Rent Expense, Supplies
Expense, and Utilities Expense.
Journalize and post adjusting entries for the month ending July 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
In: Accounting
At June 30, 2017, the end of its most recent fiscal year, Blue
Computer Consultants’ post-closing trial balance was as
follows:
| Debit | Credit | |||
|---|---|---|---|---|
| Cash | $6,380 | |||
| Accounts receivable | 1,460 | |||
| Supplies | 840 | |||
| Accounts payable | $490 | |||
| Unearned service revenue | 1,370 | |||
| Common stock | 4,400 | |||
| Retained earnings | 2,420 | |||
| $8,680 | $8,680 |
The company underwent a major expansion in July. New staff was
hired and more financing was obtained. Blue conducted the following
transactions during July 2017, and adjusts its accounts
monthly.
| July | 1 | Purchased equipment, paying $4,400 cash and signing a 2-year note payable for $24,400. The equipment has a 4-year useful life. The note has a 6% interest rate which is payable on the first day of each following month. | |
| 2 | Issued 24,400 shares of common stock for $61,000 cash. | ||
| 3 | Paid $4,200 cash for a 12-month insurance policy effective July 1. | ||
| 3 | Paid the first 2 (July and August 2017) months’ rent for an annual lease of office space for $4,900 per month. | ||
| 6 | Paid $4,600 for supplies. | ||
| 9 | Visited client offices and agreed on the terms of a consulting project. Blue will bill the client, Connor Productions, on the 20th of each month for services performed. | ||
| 10 | Collected $1,460 cash on account from Milani Brothers. This client was billed in June when Blue performed the service. | ||
| 13 | Performed services for Fitzgerald Enterprises. This client paid $1,370 in advance last month. All services relating to this payment are now completed. | ||
| 14 | Paid $490 cash for a utility bill. This related to June utilities that were accrued at the end of June. | ||
| 16 | Met with a new client, Thunder Bay Technologies. Received $14,600 cash in advance for future services to be performed. | ||
| 18 | Paid semi-monthly salaries for $13,400. | ||
| 20 | Performed services worth $34,200 on account and billed customers. | ||
| 20 | Received a bill for $2,700 for advertising services received during July. The amount is not due until August 15. | ||
| 23 | Performed the first phase of the project for Thunder Bay Technologies. Recognized $12,200 of revenue from the cash advance received July 16. | ||
| 27 | Received $18,300 cash from customers billed on July 20. |
Adjustment data:
| 1. | Adjustment of prepaid insurance. | |
| 2. | Adjustment of prepaid rent. | |
| 3. | Supplies used, $1,550. | |
| 4. | Equipment depreciation, $600 per month. | |
| 5. | Accrual of interest on note payable. | |
| 6. | Salaries for the second half of July, $13,400, to be paid on August 1. | |
| 7. | Estimated utilities expense for July, $980 (invoice will be received in August). | |
| 8. | Income tax for July, $1,460, will be paid in August. |
The chart of accounts for Blue Computer Consultants contains the
following accounts: Cash, Accounts Receivable, Supplies, Prepaid
Insurance. Prepaid Rent, Equipment, Accumulated
Depreciation—Equipment, Accounts Payable, Notes Payable, Interest
Payable, Income Taxes Payable, Salaries and Wages Payable, Unearned
Service Revenue, Common Stock, Retained Earnings, Dividends, Income
Summary, Service Revenue, Supplies Expense, Depreciation Expense,
Insurance Expense, Salaries and Wages Expense, Advertising Expense,
Income Tax Expense, Interest Expense, Rent Expense, Supplies
Expense, and Utilities Expense.
Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
In: Accounting
When the equity method of accounting for investments is used by the investor, the investment account is increased when:
A cash dividend is received from the investee.
The investee reports a net income for the year.
The investor records additional depreciation related to the investment.
The investee reports a net loss for the year.
Assume that, on 1/1/06, Matsui Co. paid $1,200,000 for its investment in 60,000 shares of Yankee Inc. Further, assume that Yankee has 200,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $4,000,000 at 1/1/06. The following information pertains to Yankee during 2006:
What amount would Matsui report in its year-end 2006 balance sheet for its investment in Yankee? (Points : 1) $1,320,000
$1,260,000
$1,242,000
None of the above is correct.
In: Accounting
The issues surrounding the levels and structure of executive compensation have gained added prominence in the wake of the financial crisis that erupted in the fall of 2008. Based on the 2006 compensation data obtained from the Securities and Exchange Commission (SEC) website, it was determined that the mean and the standard error of compensation for the 582 highest paid CEOs in publicly traded U.S. companies are $12.01 million and $11.38 million, respectively. An analyst randomly chooses 31 CEO compensations for 2006 a. Is it necessary to apply the finite population correction factor? b. Is the sampling distribution of the sample mean approximately normally distributed? c. Calculate the expected value and the standard error of the sample mean. d. What is the probability that the sample mean is more than $17 million?
a. Is it necessary to apply the finite population correction factor?
b. Is the sampling distribution of the sample mean approximately normally distributed?
c. Calculate the expected value and the standard error of the sample mean.
d. What is the probability that the sample mean is more than $17 million?
In: Statistics and Probability