1. What is the basis of cooperation between management and labour at (a) SWA and (b) Ryanair? 2. Are Ryanair pilots genuinely or falsely self-employed? 3. How would you characterise the soul and the...
For each of the following items considered independently, indicate whether the circumstances call for an addition modification (A), a subtraction modification (S), or no modification (N) in computing...
An FI has a $200 million asset portfolio that has an average duration of 6.5 years. The average duration of its $160 million in liabilities is 4.5 years. Assets and liabilities are yielding 10...
1. Use the Fraud Triangle to analyze the business and audit risks that existed at Diamond Foods during the period of its accounting fraud. 2. How would you characterize Diamond's accounting? Did they...
Selected data for Dalton Company for Year 3 and additional information on industry averages follow. Required a. Calculate Dalton Companys earnings per share ratio, price-earnings ratio, and return on...
Havanese Services Company records adjusting entries on an annual basis. The following information is available to be used in recording adjusting entries for the year ended December 31, 2021. 1....
In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: If only these competitive bids are received, who will receive T-bills, in what quantity, and at what...
1. Does John Terrills leadership style fit the definition of leadership in Exhibit 1.1? Is it part of a leaders job to manage upward? Explain. 2. With respect to Exhibit 1.4, in what leadership era...
Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. Required: Prepare Tiger?s statement of cash flows, using the indirect method to present...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required: 1. Prepare an income statement for the year ended December 31, 2021, and a classified...
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: No investments were sold during 2021. All securities except...
Lee Chang opened Lees Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 Invested $20,000 cash in the business. 1 Purchased a used truck for $25,000, paying...
ALLISON BOONE, M.D. Allison Boone had been practicing medicine for seven years. Her specialty was neurology. She had received her bachelor's degree in chemistry from the University of Toronto and her...
What is the quantity of labor employed, potential GDP, the real wage rate, and total labor income? The two tables set out information about the economy of Nautica. Use this information to work...
How can a marketer manipulate the social and physical surroundings in a retail store to influence purchasing decisions? How does it work?
Kabili Bites Ltd. operates a chain of restaurants across Canada. Most of the companys business is from customers who enjoy in-restaurant lunches and dinners and pay before they leave. The company...
Klyne Corporation manufactures pharmaceutical products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending...
1. Which channels is Pepsi Max using to communicate its marketing messages? Rank order your impression of how effective they are and justify your answer. 2. How are those various channels integrated?...
It is possible to increase process capacity by balancing a process. True or false? a. True b. False
Assume the same facts as in Problem 37, except that the business is a specified services business (e.g., a consulting firm) owned equally by Elliot and Conrad (an unrelated individual) in a...
Comparative balance sheets for 2021 and 2020, a statement of income for 2021, and additional information from the accounting records of Red, Inc., are provided below. Additional information from the...
P Company holds an 80% interest in SFr Company, a Swiss company. A trial balance for P Company and SFr Company at December 31, 2020, and other data are given in Problems 13-3 and 13-4. Ignore...
Ben Bates graduated from college six years ago with a finance undergraduate degree. Since graduation, he has been employed in the finance department at East Coast Yachts. Although he is satisfied...
Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no...
1. Describe the leadership style of David Norris? Include in your explanation the nature of the relationship he had with Lindsay Farrow. 2. Do you consider the decisions made by Norris dysfunctional...
Trini Company set the following standard costs per unit for its single product. Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80%...
Consider the following regression: SPIi = 17.8 + 33.2 Ginii se = (4.9) (11.8) r 2 = 0.16 Where SPI = index of sociopolitical instability, average for 19601985, and Gini = Gini coefficient for 1975 or...
In some ordering problems, like the one for Sams Bookstore, whenever demand exceeds existing inventory, the excess demand is not lost but is filled by expedited ordersat a premium cost to the...
A textile company produces shirts and pants. Each shirt requires two square yards of cloth, and each pair of pants requires three square yards of cloth. During the next two months the following...
a. Construct a time-series graph of the sales data for HeathCos line of skiwear. Does there appear to be a seasonal pattern in the sales data? Explain why you think the results are as you have found....
Marshall Company made total purchases of $260,000 in the most current year. It paid freight in of $3,500 on its purchases. Freight out, the cost to deliver the merchandise when it was sold to...
Janet Black, the owner of Janets Catering, has delegated the management of the business to Danielle Vale, a friend. Black drops by to meet customers and check up on cash receipts, but Vale buys the...
The owner of the Chocolate Outlet Store wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table: Year Demand (Pounds) 1 68,800 2 71,000 3 75,500 4...
1. When comparing performance during the first five months of 2017 with performance in 2016, which warehouse shows the most improvement? 2. When comparing performance during the first five months of...
In studying the movement in the production workers share in the value added (i.e., labors share), the following models were considered by Gujarati:* Model A: Y t = 0 + 1 t + u t Model B: Y t = 0 +...
Gemella Ltd. manufactures construction equipment for sale throughout eastern Canada and northeastern United States. Its year-end is June 30. The following foreign currency transactions occurred...
The second column in Table 13.1 shows the monthly return on the British FTSE 100 index from January 2015 through July 2017. The remaining columns show returns on the stocks of two firms?Executive...
On January 1, 2021, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and December 31....
The following information about the payroll for the week ended September 15 was obtained from the records of Simkins Mining Co.: Tax rates assumed: FICA tax, 7.5% of employee annual earnings State...
Delta Corporation was organized on December 1 of the current year and had the following account balances at December 31, listed in tabular form. Early in January, the following transactions were...
Wald, Plotkin, and Sugofsky would do well to follow which model of ethical reasoning? a. Kohlberg b. Rest c. Kidder d. Thorne
You are the controller for 21st Century Technologies. Your staff has prepared an income statement for the current year and has developed the following additional information by analyzing changes in...
Use the data in ECONMATH to answer the following questions. (i) Estimate a model explaining colgpa to hsgpa, actmth, and acteng. Report the results in the usual form. Are all explanatory variables...
Terminal Industries (TI) produces a product using three departments: Mixing, Processing, and Filtering. New material is added only in the Mixing Department. The following information is given for the...
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. Using the template provided, prepare a classified balance sheet for the...
Youve just acquired a sweet new ride and are trying to determine how to protect your wheels from theft. Youre considering purchasing the Club, a large steel bar that locks to your steering wheel and...
The CEO of Kuehner Development Co. has just come from a meeting with his marketing staff where he was given the latest market study of a proposed new shopping center, Parker Road Plaza. The study...
The following data pertain to Tyne Companys investments in marketable equity securities. (Assume that all securities were held throughout 20X0 and 20X1.) Required: 1. What amount should Tyne report...
Suppose Shaw Communications reported net cash used by operating activities of $104,539,000 and sales revenue of $2,867,459,000 during 2022. Cash spent on plant asset additions during the year was...
Bunker Company negotiated a lease with Gilbreth Company that begins on January 1, 20X1. The lease term is three years, and the assets economic life is five years. The equipment was customized, and it...
Discuss the psychological aspects associated with how Groupons board and executives analyzed whether or not they should accept Googles offer. Consider the notion of transaction utility. How does this...
Lisa Kohl (age 44) is an unmarried high school principal. Lisa received the following tax documents: During the year, Lisa paid the following amounts (all of which can be substantiated): Home...
1. At the end of the discussion, Mark asks Renata about the Dutch auction IPO process. What are the differences in the expenses to S&S Air if it uses a Dutch auction IPO versus a traditional IPO?...
Here is a small part of the order book for Mesquite Foods: a. Georgina Sloberg submits a market order to sell 100 shares. What price will she receive? b. Norman Pilbarra submits a market order to buy...
On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $562,907 over a...
The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the notes to the financial statements, is available online. Instructions Refer to these...
Which describes the impact of a credit entry? a. Assets Liabilities Owners Equity RevenuesExpenses b. Assets Liabilities Owners Equity RevenuesExpenses c. Assets Liabilities Owners Equity...
Table 3.1 in Chapter 3 presents financial statements over the period 20142017 for R&E Supplies, Inc. a. Construct a sources and uses statement for the company over this period (one statement for all...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for National Intercable Company. Additional information from NIC?s accounting records is provided...
Emily Lee grew up in Vancouver and loves to be a tourist in her own city. In order to make money to pay for university, she opened a walking tour company, Very Vancouver. The following are...
Smart Watch Company reported the following income statement data for a 2-year period. Smart uses a periodic inventory system. The inventories at January 1, 2019, and December 31, 2020, are correct....
Grim Corporation has income and expenses for its current fiscal year, recorded under generally accepted accounting principles, as shown in the following schedule. In addition, a review of Grims books...
Rodeo & Blue Inc (RBI) has been a remarkable success story over the past four years. Starting from a small basement operation, it has quickly grown to a worldwide leader in the music industry. It is...
1. Which organization structure should Garlick use for ThinkImpact? Explain. 2. If Garlick chooses to create a for-profit entity, either to replace the current nonprofit organization or as a...
On May 11, 2020, Wilson Purchasing purchased $23,000 of merchandise from Happy Sales; terms 2/10, n/90, FOB Happy Sales. The cost of the goods to Happy was $18,000. Wilson paid $1,300 to Express...
On January 1, 2020, Prestige Corporation acquired 100 percent of the voting stock of Stylene Corporation in exchange for $2,030,000 in cash and securities. On the acquisition date, Stylene had the...
On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters...
1. Based on their current life status, what are some of the goals Jamie Lee and Ross should set to achieve when developing their insurance plan? 2. What four questions should Jamie Lee and Ross ask...
Refer to the financial statements of Express, Inc. in Appendix C at the end of the book. The dollars are in thousands in the requirements; show your answers in thousands of dollars. Required: 1. What...
Blue is the owner of all of the shares of an S corporation, and Blue is considering receiving a salary of $110,000 from the business. She will pay the 7.65% FICA taxes on the salary, and the S...
Beginning inventory, purchases, and sales for Item 88-HX are as follows: Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) The cost of goods sold on...
The file P02_26.xlsx lists sales (in millions of dollars) of Dell Computer during the period 19871997 (where year 1 corresponds to 1987). a. Fit a power and an exponential trend curve to these data....
Citation Builders, Inc., builds office buildings and single-family homes. The office buildings are constructed under contract with reputable buyers. The homes are constructed in developments ranging...
Cool Company applies manufacturing overhead on the basis of machine-hours. On December 31, the company?s manufacturing overhead control T-account included the following amounts for the whole year. At...
The following balance sheet, which has some weaknesses in terminology and classification, has been prepared by an inexperienced accountant and submitted to you for review: Required: Prepare a...
On January 1, 2021, National Insulation Corporation (NIC) leased equipment from United Leasing under a finance lease. Lease payments are made annually. Title does not transfer to the lessee and there...
Shelby Shelving is a small company that manufactures two types of shelves for grocery stores. Model S is the standard model; model Lx is a heavy-duty version. Shelves are manufactured in three major...
Identify which specific qualitative characteristic of accounting information is best described in each item below. a. The annual financial reports of Treelivingo Corp. are audited by public...
Refer to the information pertaining to Endless Mountain Company that is provided in Integration Exercise 16. In addition to the budget schedules that you prepared in Integration Exercise 16, insert a...
1. To what extent does Volkswagen reflect the strengths and weaknesses of the stakeholder model of governance (Section 5.3.2)? 2. What should Volkswagen have done with regard to governance and...
Lina purchased a new car for use in her business during 2018. The auto was the only business asset she purchased during the year and her business was extremely profitable. Calculate her maximum...
One of the co-founders of Project Repat is no longer with the company, although he retains a small ownership stake. What complications might this change have caused if Project Re-pat was set up as a...
Wilcox Mills is a manufacturer that makes all sales on 30-day credit terms. Annual sales are approximately $30 million. At the end of 2014, accounts receivable were presented in the companys balance...
Macinski Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of $70,000 and fair value of $95,000. Under the 3-year, non-cancelable contract, Sharrer will receive...
Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $410,000 on account. Of this amount,...
As CFO for Everything.Com, you are shopping for 5,000 square feet of usable office space for 25 of your employees in Center City, USA. A leasing broker shows you space in Apex Atrium, a 10-story...
The following are a series of unrelated situations. 1. Halen Company?s unadjusted trial balance at December 31, 2020, included the following accounts. Halen Company estimates its bad debt expense to...
The following are common tests of details of balances or substantive analytical procedures for the audit of accounts receivable: 1. Select 20 customer accounts from the accounts receivable master...
You are working part-time at Starbucks while you are taking an introductory accounting course. You have learned that accounting information is useful to many users. Identify four external and four...
As chief investment officer of a small endowment fund, you are considering expanding the fund's strategic asset allocation from just common stock (CS) and fiXed-income (FI) to include private real...
1. What marketing strategy is Ultimate Garage pursuing? Which target markets do you think the company is pursuing? 2. Visit Ultimate Garages website, and analyze its effectiveness. Which alternative...
On August 1, 2022, the following were the account balances of B&B Repair Services. During August, the following summary transactions were completed. Aug. 1 Paid $400 cash for advertising in local...
Abby Roland is the bookkeeper for Cheng Company. Abby has been trying to determine the correct balance sheet for Cheng Company. Chengs balance sheet is shown below. Instructions Prepare a correct...
A regional supplier of jet fuel is interested in forecasting its sales. These sales data are shown for the period from 2002Q1 to 2017Q4 (data in billions of gallons): Jet Fuel Sales (Billions of...
At December 31, 2020, Indigo Girls Company has outstanding noncancelable purchase commitments for 36,000 gallons, at $3.00 per gallon, of raw material to be used in its manufacturing process. The...
1. Should Nicholas have promoted Paul? Why or why not? 2 What are Nicholas legal responsibilities to Paul in this situation? 3 What are Nicholas ethical responsibilities to Paul in this situation?...
Classify the following activities as primarily planning, implementation, or control: a. Doing a costbenefit analysis of adding a new branch versus installing three new automated teller machines...
The cash data of Duffy Automotive for May 2018 follow: Duffy Automotive received the following bank statement on May 31, 2018: Additional data for the bank reconciliation include the following: a....
1. Why is the millennial generation, in particular, so important to Amex? 2. This case focuses primarily on the battle between Chase and Amex over millennial consumers. But, as the content in this...
Here are incomplete financial statements for Oway Corporation. Instructions Calculate the missing amounts. Oway Corporation. Balance Sheet Liabilities and Stockholders' Equity Assets $ 29,000 (a)...