FREE Trial S
study help categories /Business

Top Selling Business Questions

A hotel has 400 rooms. Last night 5 rooms were out of order. Last night the hotel sold 300 rooms at an ADR of $215.00. What was the hotels RevPAR last night? a. $163.29 b. $163.25 c. $161.29 d.... Century Plaza Enterprises has three subsidiaries: a. Which subsidiary has the lowest return on sales? b. Which subsidiary has the highest ROA? c. Calculate the ROA for the whole company. d. If... Finn Fixes is a new charity that repairs donated cars for use by unemployed job seekers. Finn collects the cars from area junkyards. The first year Finn is in operation, jobs programs bought cars... Happy Dog Inc. produces three types of dog food. Puppy Blend is produced for dogs that are less than a year old, Adult Blend for dogs between 1 and 8 years old, and Geriatric Blend for dogs older... Laura Drake wishes to estimate the value of an asset expected to provide cash inflows of $3,000 per year for each of the next 4 years and $15,000 in 5 years. Her research indicates that she must earn... Bando Corp. sells a single part for a price of $37 per unit. The variable costs of the part are $13 per unit and monthly fixed costs are $120,000. Required a. What is the break-even level of monthly... The post-closing trial balance of Russo SpA at December 31, 2020, contains the following equity accounts. Share CapitalPreference (12,000 shares issued) ..................... 600,000 Share... Tran Technologies licenses its functional intellectual property to Lyon Industries. Terms of the arrangement require Lyon to pay Tran $500,000 on April 1, 2021, when Lyon first obtains access to... A firm plans to produce 1,000 units per day of good X. The firm?s production engineer finds two technically efficient processes (i.e., input combinations of labor and capital) to produce 1,000 units... Adjustment data for SLO Health Care Inc. for January are as follows: 1. Insurance expired, $450. 2. Supplies on hand on January 31, $600. 3. Depreciation on building, $1,150. 4. Unearned rent revenue... Zhou Bicycle Company (ZBC), located in Vancouver, is a wholesale distributor of bicycles and bicycle parts. Formed in 1981 by Yong-Pin Zhou, the firms primary retail outlets are located within a... Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, the companys Cash account per its general ledger showed a balance of... a. On January 1, 20X1, Frances Corporation started doing business and the owners contributed $200,000 capital in cash. b. The company paid $24,000 to cover the rent for the office space for the... Your parents are considering investing in Apple Inc. common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Financial statements of Apple are presented in... Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes... On the balance sheet, the net fixed assets (NFA) account is equal to the gross fixed assets (FA) account (which records the acquisition cost of fixed assets) minus the accumulated depreciation (AD)... Exhibit 13.6 presents selected hypothetical data from projected financial statements for Steak 'n Shake for Year +1 to Year +11. The amounts for Year +11 reflect a long-term growth assumption of 3%.... Bird Wing Bedding can lease an asset for 4 years with payments of $20,000 due at the beginning of the year. The firm can borrow at a 6% rate and pays a 25% federal plusstate tax rate. The lease... On December 31, 2019, Clean and White Linen Supplies Ltd. had the following account balances: In 2020, the following transactions occurred: 1. On January 1, paid $3,900 for a three-year fire... 1. What does nice mean to you? Do you think nice is a good trait for leaders or the kiss of death? 2. Is nice related to any concepts in the chapter, such as one of the big five personality... 1. Which political and economic factors in the global environment would have the biggest effect on the future global sales of Danfoss Power Solutions hydraulic components/systems to: (a)... Cindy operates a computerized engineering drawing business from her home. Cindy maintains a home office and properly allocates the following expenses to her office:... Suppose Robin Sporting Goods Company reported the following data at July 31, 2018, with amounts in thousands: Use these data to prepare Robin Sporting Goods Companys single-step income statement for... After winning the TV show competition Star Chef, Adriana started a cooking school, Adrianas Apron. Adrianas Apron prepares monthly financial statements. The following are the transactions for the... Healthwise Medical Supplies Company is located at 2400 Second Street, City, ST 12345. The company is a general partnership that uses the calendar year and accrual basis for both book and tax... 1. Do you think the base of the pyramid represents an attractive and appropriate market for multinational corporations? Why or why not? For which products or services might this market be most... The adjusted trial balance of Brompton Bowling Alley at 30 June 2017, the end of the entitys accounting year, follows: BROMPTON BOWLING ALLEY Adjusted Trial Balance as at 30 June 2017 Account Debit... On April 20, 2010, an explosion at BP PLCs Macondo well in the Gulf of Mexico caused the largest oil spill and one of the worst environmental disasters in U.S. history. Because the incident occurred... Tech Support Services has the following unadjusted trial balance as of January 31, 20Y5: The debit and credit totals are not equal as a result of the following errors: a. The cash entered on the... You have set up your tax preparation firm as an incorporated business. You took $80,000 from the firm as your salary. The firm?s taxable income for the year (net of your salary) was $30,000. Assume... Review Samsungs income statement in Appendix A for the year ending December, 31 2017, and identify its net income for 2017. 1. Review Samsungs balance sheet data in Appendix A as of December 31,... Action Quest Games adjusts its accounts annually. Assume that any prepaid expenses are initially recorded in asset accounts. Assume that any revenue collected in advance is initially recorded as... The Barden Corporations comparative balance sheets for 20X1 and 20X0 are presented below. Income Statement for the Year Ended December 31, 20X1 $ 1,600,000 2,000 44,000 1,646,000 720,000 386,000... 1. In what ways (if any), do you think the strategy development process is different in a small business (as typified by Mormor Magda) from the process in a large organisation (e.g. Apple or... The December 31, 2017, unadjusted trial balance for Musical Sensations after its second year of operations follows: Required 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the... On January 1, Year 4, Handy Company (Handy) purchased 70% of the outstanding common shares of Dandy Limited (Dandy) for $13,300. On that date, Dandy's shareholders' equity consisted of common shares... Fairchild Centre is an NFPO funded by govenunent grants and private donations. It was established on January 1, Year 5, to provide counselling services and a drop-in centre for single parents. On... Identify the internal control weakness in the following situations. State how the person can hurt the company. a. Katie Parker is the purchasing agent for Salem Sports Equipment. Parker prepares... On January 4, 2017, Macys Inc., faced with declining revenues and profits announced a series of actions it planned to implement to try to improve its operations. In its press release the company... Happy Camper Park was organized on April 1, 2019, by Erica Hatt. Erica is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Erica prepared the following... EMC Corporation manufactures large-scale, high-performance computer systems. In a recent annual report, the balance sheet included the following information ($ in millions): In addition, the income... At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $160,000. During the year, liabilities decreased by $9,000, assets increased by $33,000, and paidin... You live in the City of Peterborough. City Council recently created By-law 2720, which states 1. No bill, poster, sign or other advertisement of any nature whatsoever shall be attached to any public... Havel Robotics Company (a U.S.-based firm) exports 25,000 industrial robots per year to China under an agreement that covers a 5-year period. In China, the robots are sold for the RMB (Chinese... The information necessary for preparing the 2021 year-end adjusting entries for Gamecock Advertising Agency appears below. Gamecocks fiscal year-end is December 31. 1. On July 1, 2021, Gamecock... Michael Cram alleged that he was the sole creator of a unique talking bottle opener. His product was very successful and he licensed the product to numerous NCAA schools, Major League Baseball, the... Compute the missing amounts for each of the following notes. Total Interest Annual Principal Interest Rate (a) (b) 30,000 (c) 60,000 Time 120 days 3 years 450 9% 10% 3,000 1,200 5 months (d) 45,000... You have spent two years working as an auditor. In that time, you have come across a number of errors in performing bank reconciliations. Outlined below are some of them: 1. An unreconciled item of... Vlado Corporation (a U.S.-based company) has a wholly-owned subsidiary in Moldova that manufactures insulated wire at a cost of $3 per meter. Vlado imports the insulated wire and sells it to U.S.... Griffin Companys inventory records for its retail division show the following at December 31: At December 31, 11 of these units are on hand. Journalize the following for Griffin Company under the... One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of the Save Our Resources Commission of the federal... 1. What is going on at Carrefour? 2. Is the Swiss-franc issue, at 3%, a no-brainer? 3. What can a firm do to manage the exchange-rate risk of foreign-currency borrowing? 4. Using the parity forward... Klinken Corporations contribution margin ratio on the sale of its most popular product is 42%. The product is priced at $80, annual fixed expenses are $800,000. Management is evaluating two options:... Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding. Firm B has estimated that the value of the... On January 1, 2020, Cage Company contracts to lease equipment for 5 years, agreeing to make a payment of $120,987 at the beginning of each year, starting January 1, 2020. The leased equipment is to... EnviroWastes year-end is December 31. The information in (a) to (e) is available at year-end for the preparation of adjusting entries: a. Of the $18,500 balance in Unearned Revenue, $3,050 remains... Lina purchased a new car for use in her business during 2020. The auto was the only business asset she purchased during the year and her business was extremely profitable. Calculate her maximum... Consider the no-trade input/output situation presented in the following table for Countries X and Y. Assuming that free trade is allowed, develop a scenario that will benefit the citizens of both... The following data were extracted from the accounting records of Sacajawea Mercantile Co. for the year ended June 30, 20Y4: a. Journalize the June 30, 20Y4, adjusting entry for estimated sales... For people with life-threatening allergies, carrying a device that can automatically inject epinephrine (called an autoinjector) is a necessity. In the summer of 2016, Mylan, the maker of the widely... John Williams (birthdate August 2, 1975) is a single taxpayer. Johns earnings and withholdings as the manager of a local casino for 2018 are reported on his Form W-2: Johns other income includes... Top-Value Corporation has 900,000 shares of $26 par common stock outstanding. On September 2, Top-Value Corporation declared a 3% stock dividend to be issued November 30 to stockholders of record on... Taylor Orlando began Taylor Roofing, his roofing business, on March 1, 2022. On March 31, the balances in the accounts were as follows. Cash $9,000, Accounts Receivable $2,000, Equipment $8,000,... New West Company recently hired a new accountant whose first task was to prepare the financial statements for the year ended December 31, 2021. The following is what he produced: The owner of the... The following are several figures reported for Allister and Barone as of December 31, 2021: Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiarys fair... WCC Corp. has a $100,000 net operating loss carryover into 2019. Assume that it reported $75,000 of taxable income in 2019 (before the net operating loss deduction) and $30,000 of taxable income in... The following information relates to Royale Real Estate Agency. Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000. 2 Hires an administrative assistant. 3... Arla Dodson is the payroll accountant for Penn & Associates Investments. The company owner decided on December 15, 2018 that he would invoke the special accounting rule. By what date does Arla need... The unadjusted trial balance of Helenas Hire Cars is shown below: HELENAS HIRE CARS Unadjusted Trial Balance as at 30 June 2016 Account Debit Credit Cash at bank Accounts receivable GST receivable... Prepare journal entries to record the following August 2020 transactions of a new business called For the Love of Pixels. Joseph Eagle, the owner, invested $20,000 cash and photography equipment with... In Hollywood, most nightclubs hire promoters, or people who walk around near the nightclub and try to convince passersby to enter the club. One of the nightclub owners asked a marketing consultant to... Suppose the MP curve is given as r = 2 + , and the IS curve is given as Y = 20 - 2r. a. Derive an expression for the AD curve, and draw a graph labelling points at = 0, = 4, and = 8. b. Suppose... Collinswood Companys comparative balance sheet at January 31, 2019, and 2018, reports the following (in millions): Requirements The following are three situations related to Collinswood Companys... On January 1, 2017, Stockton Manufacturing purchased a machine for $910,000. The company expected the machine to remain useful for eight years and to have a residual value of $80,000. Stockton... 1. Describe the characteristic traits of leadership at GE. How would you describe Flannerys leadership style? 2. Do you believe that leadership style and connection with employees can influence... On November 1, 2019, Campbell Corporation management decided to discontinue operation of its Rocketeer Division and approved a formal plan to dispose of the division. Campbell is a successful... On December 31, 20X1, the Stockholders Equity section of Mercedes Corporation was as follows: Common stock, par value $5; authorized 30,000 shares; issued and outstanding, 9,000 shares... 1. How could you use the design lens, the experience lens and the variety lens to account for the development of the mobile phone business within Nokia? 2. How could you use the design lens and the... Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash... Sunbeam Corporation manufactures and sells a variety of small household appliances, including toasters, food processors, and waffle grills. Exhibit 3.21 presents a statement of cash flows for Sunbeam... What internal resources and assets does Southwest have that may give it a competitive advantage? What are the key forces in the general and industry environments that affect Southwests choice of... Tom Hirsch, Berta Walder, Howard Walder, and Harish Shah were member managers in Radical Bunny LLC. Between 2006 and 2008, they raised nearly $190 million from investors in the name of Radical Bunny.... Mattel, Inc., and Hasbro are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to... The Dapper-Dons Partnership was formed ten years ago as a general partnership to custom tailor men's clothing. Dapper-Dons is located at 123 Flamingo Drive in City, ST, 54321. Bob Dapper manages the... The following information is available for Pyle Garage for March, Year 2: The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2: Other Information 1.... In a study of turnover in the labor market, James F. Ragan, Jr., obtained the following results for the U.S. economy for the period of 1950I to 1979IV.* (Figures in the parentheses are the estimated... 1. What are the pros and cons of delineating such a long list of specific activities for an ASM to perform? 2. Why is ASM a good starting point for a retail career? 3. What criteria would you use to... Morris Inc. recorded the following transactions over the life of a piece of equipment purchased in Year 1: Jan. 1, Year 1 Purchased equipment for $90,000 cash. The equipment was estimated to have a... Montalvo Bionics showed the following alphabetized unadjusted trial balance at April 30, 2020: Account .................................................................................. Balance... Logan Miller started her own accounting firm, Miller Accounting, on June 1, 2021. Logan Miller wants to prepare monthly financial statements, so adjusting journal entries are required on June 30.... The United States imposes an excise tax on the sale of domestic airline tickets. Lets assume that in 2015 the total excise tax was $6.10 per airline ticket (consisting of the $3.60 flight segment tax... An investor is considering the purchase of a small office building. The NOI is expected to be the following: year 1, $200,000; year 2, $210,000; year 3, $220,000; year 4, $230,000; year 5, $240,000.... The Centennial Chemical Corporation announced that, for the period ending March 31, 2017, it had earned income after taxes of $2,768,028.25 on revenues of $13,144,680. The companys costs (excluding... Johnny Clark is a tipped employee at Pyrolia Pizza. What are the two methods his employer may use to determine his overtime compensation? Chow Publications Inc. is a publicly traded media company focused on products for the home chef market. The company publishes a monthly magazine that can be purchased at newsstands and is available... The following are three independent situations. 1. Hairston Stamp Company records stamp service revenue and provides for the cost of redemptions in the year stamps are sold to licensees. Hairstons... For each of the following events, describe the likely effect on the country?s production possibilities boundary (PPB). Start with a PPB like the one shown and draw the likely change. In each case,... Using T accounts, post the following journal entries to the general ledger and calculate ending balances. General Journal Date Account titles Debit Credit Accounts Receivable Service Revenue Sept. 2... 1. What facts did Hartland rely on to assert the anticipatory repudiation of the contract? 2. What is the measure of damages for a breach of a construction contract? Calculate what is owed Hartland... Larner Corporation manufactures two types of light fixtures for industrial use, the J78 and the W52. The company's ABC system contains the following six activity cost pools and activity rates:...
Showing 2100 - 2200 of 5000