1. How does Tesla Motors marketing strategy connect with the changes going on in the consumer decision journey today? Do you believe that they can be successful over the long-term with this kind of...

Describe a situation where you used research in order to inform thinking, decisions, and/or actions in relation to a personal issue of interest such as buying a new mobile phone or going to the...

Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31,Metrix shows the following selected accounts and amounts for the month of March. Required...

What kind of corporate-level strategies did HP and Dell pursue to strengthen their multi-business models? Beating dell: why hp acquired compaq Dells dominance of the PC industry has had terrible...

On January 1, 2021, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $200,000 in long-term liabilities and 20,000...

During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25%...

Dillman Corporation has nexus in States A and B. Dillmans activities for the year are summarized below. Determine the apportionment factors for A and B assuming that A uses a three-factor...

1. What target market does Embrace seek to serve and how attractive is that market? 2. What examples of primary research that Embraces founders completed appear in the case? 3. What actions did...

The cash book (bank columns) of Ella for the month of May 207 were as follows: Ellas bank statement for May 207 showed the following: The following errors were discovered: 1. Ella had overcast the...

Mary is a shareholder in CarrollCo, a calendar year S corporation. At the beginning of the year, her stock basis is $10,000, her share of the AAA is $2,000, and her share of corporate AEP is $6,000....

1. Is ArcelorMittal a stateless corporation or a MNE? Where is its home country? 2. What is Mittal Steels core competency, and what was its strategic motive for global business? ArcelorMittal is the...

Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 20Y6, Emerson Company's accounting clerk prepared the Unadjusted Trial balance shown on the...

Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,600, (2) paid cash expenses of $13,200,...

Kochi Services was formed on May 1, 2020. The following transactions took place during the first month (amounts in thousands). Transactions on May 1: 1. Rahul Shah invested INR40,000 cash in the...

During 2020, your clients, Mr. and Mrs. Howell, owned the following investment assets: Investment Assets Date Acquired Purchase Price Brokers Commission Paid at Time of Purchase 300 shares of IBM...

Holbrook, a calendar year S corporation, distributes $15,000 cash to its only shareholder, Cody, on December 31. Codys basis in his stock is $20,000, Holbrooks AAA balance is $8,000, and Holbrook...

Larry Power started a new business in the name of Power Electrical on October 1, 2020. During October, a number of activities occurred and the following totals resulted at October 31, 2020 (shown in...

1. Do you think that Rhett is Machiavellian and a narcissist? Why or why not? 2. Assuming that Rhett is Machiavellian and a narcissist, what is the most effective way to minimize the negative effect...

Dion, a shareholder, owned 20% of Meadow Brooks stock for 292 days and 25% for the remaining 73 days in the year. Using the per-day allocation method, compute Dions share of the following S...

A company pays $760,000 cash to acquire an iron mine on January 1. At that same time, it incurs additional costs of $60,000 cash to access the mine, which is estimated to hold 100,000 tons of iron....

Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a. Amber Corporation donated inventory of clothing (basis of $24,000, fair...

You developed a spreadsheet program that helps you perform your role of inventory control manager at a small retail sports shoe store. The software uses historical sales data to calculate expected...

Shep Companys records show the following information for the current year. Determine net income (loss) for each of the following separate situations. a. Additional common stock of $3,000 was issued...

The statement of financial position of Bharwani Traders on 31 October 204 is shown below. On 1 November 204 the following transactions took place: A cheque for $3 000 was paid to a credit supplier. A...

Prepare journal entries for the following merchandising transactions of Powell Company assuming it uses a perpetual inventory system and the gross method. May 1. Powell purchased merchandise with a...

Bills Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to keep the books. Unfortunately, William did not review his...

Consider the 2013 declined loan data from LendingClub titled RejectStatsB2013 from the Connect website. Similar to the analysis done in the chapter, lets scrub the risk score data. First, because our...

Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU)...

Use the facts in Exercise 1-12 to prepare a July 31 balance sheet for Academic Learning Services, similar to Exhibit 1.10. Analysis Component: Identify how much of the assets held by Academic...

A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Assume that the daily demand for hubs...

1. What are the advantages and disadvantages of Rovios current business model? 2. Do you agree with the company chairman Kaj Hed when he says he is satisfied with Rovios current situation? Rovio...

Do you think there is a contradiction between what employers want in employees (agreeable employees) and what employees actually do best (disagreeable employees)? Why or why not? Agreeable people...

A. Ray and Maria Gomez have been married for 3 years. Ray is a propane salesman for Palm Oil Corporation and Maria works as a city clerk for the City of McAllen. Rays birthdate is February 21, 1990...

Jude Limited has been authorized to issue 20,000 100 par value, 10%, non-cumulative preference shares and 1,000,000 no-par ordinary shares. The company assigned a 2.50 stated value to the ordinary...

Ocean Fishers Ltd. had a 22-foot fishing boat with an inboard motor that was purchased on April 9, 2012, for $77,000. The PPE subledger shows the following information regarding the boat: On June 27,...

Kate is having a difficult time differentiating all of the account names. My head is spinning when all the accounts sound the same to me! Does unearned revenue belong on the income statement or the...

Bailey Delivery Company, Inc., was organized in 2018 in Wisconsin. The following transactions occurred during the year:Received cash from investors in exchange for 10,000 shares of stock (par value...

Saira Morrow is the sole owner of Buena Vista Park, a public camping ground near the Crater Lake National Recreation Area. Saira has compiled the following financial information as of December 31,...

1-Based on the data from the case use the frameworks from the chapter and analyse the resources and capabilities of Rocket Internet: a. What are its resources and capabilities? b. What are its...

1. As of 2017, what type of manufacturing process did LWT appear to be using? What level of customization was it offering? Where was the point of customization? 2. Using Table 3.2 and Figure 3.12 as...

Rudy Gandolfi owns and operates Rudy?s Furniture Emporium Inc. The balance sheet totals for assets, liabilities, and stockholders? equity at August 1, 2019, are as indicated. Described here are...

Marmot Corporation pays a dividend of $100,000 in the current year. Otter Corporation, which is in the 25% marginal bracket, owns 15% of Marmots stock. Gerald, an individual taxpayer in the 25%...

1. In terms of the eight contextual features in the change kaleidoscope (Figure 15.2), how receptive is the context for strategic change? 2. In the light of capability and readiness (Figure 15.3),...

Castle Corporation conducts business in States 1, 2, and 3. Castle's $630,000 taxable income consists of $555,000 apportionable income and $75,000 allocable income generated from transactions...

Do you think you will ever have an extreme job? Are you sure? Explain. Why do you think the number of extreme jobs has risen? Do you think organizations should encourage extreme jobs, discourage...

1. Compare and contrast the various segments of Chinese luxury consumers and customers profiled in the case. 2. How have luxury goods brands responded to President Xi Jinpings crackdown on...

The local drivers license center processes applications for drivers license renewals through the following three steps. First, the customer registers with the receptionist, who updates the customers...

Dan spends his money on baseball games and concert tickets. Baseball tickets cost $15, and concert tickets cost $25. His entertainment budget is $150. a. Draw Dan's budget constraint, putting...

Download the rejected loans dataset of LendingClub data titled RejectStatsA Ready from the Connect website and do an Excel PivotTable by state; then figure out the number of rejected applications for...

1. Why do you think the democracy of Ghana continues to permit local towns or regions to have tribal chiefs, kings, and the like? Do you think this tradition will continue into the future? 2. Would...

The following information relates to Yansheng Real Estate. Oct. 1 Biao Yansheng begins business as a real estate agent with a cash investment of HK$17,000. 2 Hires a part-time administrative...

This problem is based on the JA Tires data that was first introduced in problem 6-35. If you have not already accessed the data, it can be downloaded from the textbook website. As part of risk...

Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corporation, or some other type of entity. Prepare a list of questions you...

Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1. Calculate American Eagles percentage change in total assets and percentage change in net sales...

The financial condition of White Co. Inc. is expressed in the following accounting equation: Required a. Are dividends paid to creditors or investors? Explain why. b. How much cash is in the Retained...

Prepare the 2021 statement of cash flows for Smolira Golf Corp. Some recent financial statements for Smolira Golf Corp. follow. Use this information to work this problem. SMOLIRA GOLF CORP. 2020 and...

1. Why do you think that Ford historically made different cars in different regions? What are the advantages of Fords historic strategy? What are the drawbacks? 2. What global developments forced...

Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018,...

1. How does Tesla Motors strategy fit with the various strategy definitions in Figure 1.1? 2. What seems to account for Teslas success? Figure 1.1 '..the determination of the long-run goals and...

1. Jamie Lee is trying to decide between Form 1040EZ and Form 1040A to file her federal income tax return. Using the Personal Finance Guide in Practice information found on page 86, choose the most...

1. How can an independent retailer compete with power retailers? 2. What is the greatest opportunity for each of the retail categories described in this case? 3. What is the greatest threat for each...

a. 1. Why is the T-bills return independent of the state of the economy? Do T-bills promise a completely risk-free return? Explain. 2. Why are High Techs returns expected to move with the economy,...

Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Required Answer the following for each bond issue: a. Were the...

A. Dr. George E. Beeper is a single taxpayer born on September 22, 1970. He lives at 45 Mountain View Dr., Apt. 321, Spokane, WA 99210. Dr. Beepers Social Security number is 775-88-9531. Dr. Beeper...

Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $70,000; Allowance for Uncollectible Accounts = $1,400 (credit). Mercy estimates...

The diagram shows a square ABCD of side 16 cm. M is the mid-point of AB. The points E and F are on AD and BC respectively such that AE = BF = 6 cm. EF is an arc of the circle centre M, such that...

1. In what ways did Blockbuster achieve better strategic fit than local stores? 2. How much implied uncertainty do Netflix and Redbox face? What levers do they use to deal with this uncertainty? 3....

Silver Lining, Inc., provides investment advisory services. The company adjusts its accounts monthly, but performs closing entries annually on December 31. The firms unadjusted trial balance dated...

On February 11, 20Y9, Quick Fix Company purchased $2,250 of supplies on account. In Quick Fixs chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a....

The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux?s accounting records is provided also....

Sandra?s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Required: 1. Calculate ending inventory and cost of goods sold at October 31,...

The Corrigan Corporations 2017 and 2018 financial statements follow, along with some industry average ratios. a. Assess Corrigans liquidity position, and determine how it compares with peers and how...

Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. BULLDOG, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Income...

Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company?s fiscal...

The general ledger of Zips Storage at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year:1. January 9 Provide storage services for...

Starz Department Store is located near the Towne Shopping Mall. At the end of the companys calendar year on December 31, 2020, the following accounts appeared in two of its trial balances....

Collyer Products Inc. has a Valve Division that manufactures and sells a standard valve as follows: The company has a Pump Division that could use this valve in the manufacture of one of its pumps....

Eric Lafleur makes billiard balls in his New Brunswick plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his...

XYZ is a calendar-year corporation that began business on January 1, 2018. For the year, it reported the following information in its current-year audited income statement. Notes with important tax...

Leach Company borrowed $80,000 cash by issuing a note payable on June 1, Year 1. The note had an 8 percent annual rate of interest and a one-year term to maturity. Required a. What amount of interest...

A depreciation schedule for semi-trucks of Ichiro Manufacturing Company was requested by your auditor soon after December 31, 2021, showing the additions, retirements, depreciation, and other data...

On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs. During the month, Hannah completed the following transactions related to the business: June 1. Hannah...

Norton Industries, a manufacturer of cable for the heavy construction industry, closes its books and prepares financial statements at the end of each month. The statement of cost of goods sold for...

Penny Cassidy is considering forming her own pool service and supply company, Penny's Pool Service & Supply Inc. (PPSS). She has decided to incorporate the business to limit her legal liability. She...

Colby Company makes cases for cell phones of all sizes and types for sale through specialty retailers. The company makes a standard model for the most recent iPhone as well as a deluxe model....

Joel is the sole shareholder of Manatee Corporation, a C corporation. Because Manatees sales have increased significantly over the last several years, Joel has determined that the corporation needs a...

Andys Autobody Shop has the following balances at the beginning of September: Cash, $10,000; Accounts Receivable, $1,450; Equipment, $40,000; Accounts Payable, $2,000; Common Stock, $20,000; and...

Aubrae and Tylor Williamson began operations of their furniture repair shop (Furniture Refinishers, Inc.) on January 1, 2019. The annual reporting period ends December 31. The trial balance on...

On February 12, 2005, Nancy Trout and Delores Lake formed Kingfisher Corporation to sell fishing tackle. Pertinent information regarding Kingfisher is summarized as follows: ? Kingfisher?s business...

Virginia owns 100% of Goshawk Company. In the current year, Goshawk Company sells a capital asset (held for three years) at a loss of $40,000. In addition, Goshawk has a short-term capital gain of...

1. Sharps Sandwich Shop has two conflicting quality issues speed and freshness. The premade sandwich system enhances speed; however, it has the potential of affecting freshness. What type of system...

1. Using Your Personal Plan Sheet #2, what are Jamie Lees short term financial goals? How do they compare to her intermediate financial goals? 2. Browse Jamie Lees current financial situation. Using...

Osprey Corporation, a closely held corporation, has $100,000 of net active income, $25,000 of portfolio income, and a $120,000 loss from a passive activity. a. How much of the passive loss can Osprey...

The following is the balance sheet of Korver Supply Company at December 31, 2020 (prior year). Transactions during 2021 (current year) were as follows:1. Sales to customers on account $800,0002. Cash...

1. According to the text, a personal balance sheet is a statement of your net worth. It is an accounting of what you own as well as what you owe. Using the information provided, prepare a personal...

At December 31, 2020, Cord Company?s plant asset and accumulated depreciation and amortization accounts had balances as follows: Depreciation is computed to the nearest month and residual values are...

Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts:...

Hanks Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Hanks...

Answer the following questions. Hint: Use the accounting equation. a. On January 1, Lumia Companys liabilities are $60,000 and its equity is $40,000. On January 3, Lumia purchases and installs solar...

Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonass basis in a $20,000 loan made to Ard and evidenced by Ards note has been reduced to $0 by...