Each scenario below gives some information about price elasticity of demand for a firm. Use this information to answer the following questions.?

Round answers to two places after the decimal where applicable.

Honest Abe's Used Cars estimates the price elasticity of demand for their cars to be 2.10 .

Last month, Abe tried a new marketing scheme which decreased the number of cars sold by 67 %.

Abe must have prices. Abe's prices

must have changed by %

Therefore, Abe's total revenue

At Webs-R-Us, a website design company, the new manager has decided to increase the price of Webs-R-Us services by 75 %.

If Webs-R-Us has a price elasticity of demand at 0.70 , we can expected the number of websites designed to The number of websites will change by % Therefore, Webs-R-Us's total revenue will

On January 1, 2019, Baznik Company adopted a defined benefit pension plan. At that time, Baznik awarded retroactive benefits to certain employees. These retroactive benefits resulted in a prior service cost of $1,200,000 on that date (which it did not fund). Baznik has six participating employees who are expected to receive the retroactive benefits. Following is a schedule that identifies the participating employees and their expected years of future service as of January 1, 2019:

Baznik decided to amortize the prior service cost to pension expense using the years-of-future-service method. The following are the amounts of the components of Baznik’s pension expense, in addition to the amortization of the prior service cost for 2019 and 2020:

Baznik contributed $772,700 and $875,300 to the pension fund at the end of 2019 and 2020, respectively.

Required:

CHART OF ACCOUNTSBaznik CompanyGeneral Ledger

1a. Prepare a set of schedules for the Baznik Company to determine the amortization fraction for each year.

Additional Instruction

1b. Prepare a set of schedules for the Baznik Company to determine the amortization of the prior service cost. Use the unrounded decimal to determine the amount of the expense.

Additional Instruction

2. Prepare the entries to record the prior service cost on January 1, 2019, and the pension expense and amortization of prior service costs on December 31, 2019 and 2020.

General Journal Instructions

PAGE 2019PAGE 2020

GENERAL JOURNAL

The EXACT sequence or order for your report should be as follows:

1. The Company’s Name
2. The Company’s Logo
3. The Company’s Mission Statement
4. The Company’s three (3) main competitors
5. The name of the Chairman, the President, the CEO, and the CFO
6. The Stock Symbol and Exchange that it is traded on
7. The company’s recent stock price
8. The number of company employees worldwide
9. The location of the company’s corporate headquarters (city/state only)
10. The company’s yearly sales for 2019 in billions of dollars
11. The company’s yearly profit for 2019 in millions/billions of dollars
12.   IMPORTANTLY…what each of you have learned while completing this research project

This is based on Costco Wholesales.

On November 20, 2012, Hewlett-Packard (HP) disclosed that it discovered an accounting fraud and has written down $8.8 billion of the value of Autonomy, the British software company that it bought in 2011 for $11.1 billion, after discovering that Autonomy misrepresented its finances. In May 2012, HP had fired former Autonomy CEO, Dr. Michael Lynch, citing poor performance by his unit.

Provide a brief discussion of the auditor liabilities and the potential defenses.

What duties of care, laws, or responsibilities to clients were violated?

What are the potential defenses available to the accountants and auditors involved in the situation?

In March last year, Goldman Sachs relaxed its dress code, allowing its bankers to swap their bespoke suits for a more casual look. As the CEO of a large financial services company in South Africa, you wonder whether relaxing your existing dress code will result in an improvement in employee morale. To answer your question, you would like to conduct an experiment. Write an essay in which you discuss how you would go about conducting the experiment.

Structure you essay using the following headings:  Design  Participants  Procedure Maximum 600 words.

In March last year, Goldman Sachs relaxed its dress code, allowing its bankers to swap their bespoke suits for a more casual look. As the CEO of a large financial services company in South Africa, you wonder whether relaxing your existing dress code will result in an improvement in employee morale. To answer your question, you would like to conduct an experiment. Write an essay in which you discuss how you would go about conducting the experiment.

Structure you essay using the following headings:  Design  Participants  Procedure Maximum 600 words.