Problem 2-32 Recording events in a horizontal statements model

The following events pertain to Super Cleaning Company:

Acquired $10,000 cash from the issue of common stock.

Provided $15,000 of services on account.

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Provided services for $5,000 cash.

Received $2,800 cash in advance for services to be performed in the future.

Collected $12,200 cash from the account receivable created in Event 2.

Paid $1,900 for cash expenses.

Performed $1,400 of the services agreed to in Event 4.

Incurred $3,600 of expenses on account.

Paid $4,800 cash in advance for one-year contract to rent office space.

Paid $2,800 cash on the account payable created in Event 8.

Paid a $1,500 cash dividend to the stockholders.

Recognized rent expense for nine months’ use of office space acquired in Event 9.

Required

Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Use NA to indicate accounts not affected by the event. The first event is recorded as an example.

*$          x    /12 = $

Descriptive Statistics and Graphical Displays

Valencia Orange Price Comparison

You have been hired as a consultant to determine who ABC Grocery Store should be ordering Valencia Oranges from.

To: Statistician

From: ABC Grocery Store

Please advise us on which company to use as our orange distributor. Three highly recommended distributors have provided us with statistical data on the weekly prices for one load of Valencia oranges per week for a ten-week period last year. Prices fluctuate according to availability, and we would like to use the company with the lowest overall price and the least amount of fluctuation. We would like your written report showing your results and a detailed recommendation as to which company we should choose.

Thank you.

Here are the prices, listed as price in dollars per crate:

You must type in and analyze the data for each company.

Helpful directions:

1. Analyze the data for each company: frequency, relative frequency, mean, median,******* (ONLY complete the mode, standard deviation and range because below I am going to list my answers for the frequency, relative frequency, mean and median)
2. You need to decide which statistics to compare to determine the overall lowest price and the least fluctuation. Create and include at least two charts that will be useful to best support your conclusions.
3. Write a brief informative letter in response to the request from ABC Grocery answering their request. Be sure to include:
   1. A very detailed explanation of the data and the conclusions you came to. You should use the statistics you calculated to make this decision.
   2. Charts to support your explanation.
4. Attach copies of the Excel pages or embed the Excel work in your letter of response.

You have been appointed as chief risk officer for global retailer and your responsibilities cover achieving value from risk. After two months in the post you realise that most of the top 2o executives globally tend to see risk management as a low level operational tool, not as a source of strategic benefit. A new CEO has also just started and shares your realisation. Required: Produce a report to the CEO which includes any key assumptions you have made. Specific expertise in retail is not expected. The report should cover two areas. i. Outline key areas where risk management can be more effective if its top executive group does have an appropriate strategic outlook ii. Propose practical steps over a 6 month period which are aimed specifically at the top 30 group of executives and is likely to speed u their understanding of the strategic perspective on risk management

AL Sawaidi Consultants provide business management and marketing services to SME businesses in Riyadh and AlKhobar, with 5 offices in premier locations. The business is expanding rapidly, and high performing analysts are identified for potential promotion.The corporate strategy is focused on growing local talent, while attracting top talent from the region to deliver innovative business processes in a competitive market.

Recently, the CEO noticed the following changes:

Saudi SMEs are moving on-line and embracing technology

Local talent are demanding higher salaries, while local competition increase all the time

Several clients are in very specialized areas, with current staff not having the KSAOs to match

Several high performing analysts are asking for training in non-core areas like "Blockchain", machine learning and AI technologies

The CEO asks you, as a Recruitment Specialist; what can be done to remain competitive.

essay"500 words, in your own words"

1. What are the advantages and disadvantages of setting up trade barriers?  Are trade barriers effective?  As part of this question, also answer what might be the advantages and disadvantages of a US company moving the manufacturing of a product, such as sneakers, into the United States?

Consider an internet or e-commerce company that sells exclusively in the US but wants to expand globally. What kind of strategy would you recommend for their initial expansion? What are some of the factors they should consider in pursuing this expansion?

Discuss the role of the patent system in this case.

From its humble beginnings in 1946 as a small enterprise of some 20 staff members repairing phonographs, a brave decision to obtain a patent license changed the fate of this enterprise. In 1952, the founder of the enterprise came across patent information on an invention of the Bell Laboratories: the transistor. He approached Western Electric (WE) of the United States of America, the patent holder, and obtained a patent license. At that time, the transistor was only used in hearing aids, and WE did not see any chance for greater commercial success in the application of the transistor technology. Wondering if such a small firm was capable of developing any useful device from the transistor, WE shared with engineers of the enterprise useful technical information about the transistor, as agreed in the patent license agreement. In 1955, the small enterprise produced its first transistor radio and marketed the new product, which was a huge success. The successful commercialization of a transistor radio enabled this small enterprise (subsequently renamed as Sony Corporation) to enter the global market of electronics.