E3-12B The following T accounts summarize the ledger of Max’s Landscaping Company, Inc. at the end of the first month of operations.

Instructions

(a) Prepare, in the order they occurred, the journal entries (including explanations) that resulted in the amounts posted to the accounts.

(b) Prepare a trial balance at April 30, 2014. (Hint: Compute ending balances of T accounts first.)

Number of words required: 950

Resources: Pull the financial statements of 3 companies in the industry that you are interested in entering. Try to find companies that are pursuing different strategies.

· Examine Purina's business models and see if you can identify the drivers that they are influencing to achieve their strategy.

· Explain what you learned about Purina's revenue model, cost model, product mix, distribution channels, partners, target customers, and value proposition.

· Examine Blue's business models and see if you can identify the drivers that they are in?uencing to achieve their strategy.

· Explain what you learned about Blue's revenue model, cost model, product mix, distribution channels, partners, target customers, and value proposition.

· Explain what useful new elements you can incorporate into your business model.

· Discuss how these elements tie to your strategy.

Note: The companies mentioned above are dog's food.

The trial balance of Rollins Inc. included the following accounts as of December 31, 2018: Debits Credits Sales revenue 5,900,000 Interest revenue 40,000 Loss on sale of investments 10,000 Unrealized holding losses on investments 150,000 (on security available-for sales) Foreign currency translation adjustment 260,000 Cost of goods sold 4,400,000 Selling expenses 400,000 Restructuring costs 180,000 Interest expense 20,000 General and administrative expenses 300,000 Cash 385,000 Accounts receivable 195,000 Raw materials inventory 36,000 Note receivable 120,000 Interest receivable 4,000 Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 40%. Required: Prepare a 2018 multiple-step income statement for Rollins Inc. with earnings per share disclosure (No credit for single-step income statement).

In addition to the static budget , the clinic also created a flexible and actual budget to reflect the realized volume & actual volume, respectively. Fill in the blanks on the table below & answer the questions using the numbers in the table

a)calculate & interpret the profit variance? (b) calculate & interpret the revenue variance (c) calculate & interpret the cost variance (d) calculate & interpret the volume & price variances on the revenue side (e)calculate & interpret the volume & price variances on the cost side?

1. At the start of the chapter, we talked about how risky and volatile airlines’ operations were. Let’s examine this further. Go to finance.yahoo.com. Enter UAL for United Continental Holdings in the “Get Quotes” box. Go to “Company” along the left-hand margin.

2. Click on “Competitors.” How does UAL compare (https://finance.yahoo.com/quote/UAL/profile?p=UAL)

A cocoa shipping firm has determined the its U.S demand curve is given by: Q=7,500-3P

where Q is metric tons of cocoa and P is the price per metric ton. The firm can import cocoa from the Ivory Coast for $1,850 per metric ton. It's shipping cost is $104 per metric ton of cocoa. The company has fixed costs of $2,000.

a. Write the inverse demand function and illustrate with a simple diagram.

b. Write the revenue function. At what level of output (Q) is revenue maximized?

c. Display the profit function.

d. Indicate the level of profit (or losses) if Q=0

e. Determine the optimal price and quantity for this firm.

f. Suppose the U.S government imposed an import tariff of $270 per metric ton of cocoa. Compute the effect of the tariff on the optimal price and quantity sold by this firm. Does the tariff affect profits? Explain.

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows:

4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)

1. Shareholders invested £10,000 cash in the business in exchange for ordinary shares.

2. Purchased equipment for £5,000 cash.

3. Paid £400 cash for May office rent.

4. Paid £700 cash for supplies.     

5. Incurred £250 of advertising costs in the Beacon News on account.

6. Received £4,700 in cash from customers for repair service.

7. Declared and paid a £1,000 cash dividend.

8. Paid part-time employee salaries £1,000.

9. Paid utility bills £160.

10. Performed repair service worth £980 on account.

11. Collected cash of £120 for services billed in transaction (10). Instructions

Prepare a tabular analysis of the transactions, using the following column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Share Capital, and Retained Earnings (with separate columns for Revenues, Expenses, and Dividends). Include margin explanations for any changes in Retained Earnings. Revenue is called Service Revenue.

The ledger of Marigold Corp. on March 31 of the current year includes the following selected accounts before quarterly adjusting entries have been prepared:

An analysis of the accounts shows the following:

The following is a partial trial balance for the Green Star Corporation as of December 31, 2021:

There were 100,000 shares of common stock outstanding throughout 2021.

Required:

1. Prepare a single-step income statement for 2021, including EPS disclosures.

2. Prepare a multiple-step income statement for 2021, including EPS disclosures.

Prepare a single-step income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal places.)

Prepare a multiple-step income statement for 2021, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)