Table 1 shows Apple's online orders for the last week. When shoppers place an online order, several "recommended products" (upsells) are shown as at checkout an attempt to upsell See table 2 in cell...

The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...

IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys international headquarters accounting...

Complete Keith's tax return including all required schedules and forms using prince edward island as province, using the fillable forms package. Taxpayers Information Taxpayer #1 Name: Keith Dox...

XYZ is a calendar-year corporation that began business on January 1, 2020. For the year, it reported the following information in its current-year audited income statement. Notes with important tax...

Assuming the cost of an associate leaving within 90 days is $3,000, what will be your facility's approximate cost of early turnover for this year? Year-to-Date Turnover Avg. Head- count Total < 90...

It is early April 2021 and you, CPA, work in a mid-sized accounting firm in Regina, Saskatchewan. While you normally work on audits, you have requested to participate in the personal tax pool this...

You, CPA, work as a consultant on various engagements. Your client, Over The Edge Ltd. (OTE), has grown from a small custom snowboard manufacturer servicing the local market to a multinational...

You have just been hired by Internal Business Machines Corporation (IBM) in their capital budgeting division. Your first assignment is to determine the free cash flows and NPV of a proposed new type...

A sphere made of copper having 10 mm inner diameter is placed to an environment at 75C. When the sphere is removed from this environment and exposed to air flow at atmospheric pressure (1 atm). The...

Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of...

A piece of string is connected between two adjacent houses to form a clothesline. The houses are separated by d = 22 m, and both ends of the string are the same height off the ground. A sweater is...

Icebreaker Company (a U.S.-based company) sells parts to a foreign customer on December 1, 2020, with payment of 16,000 dinars to be received on March 1, 2021. Icebreaker enters into a forward...

Asbat Pharmaceuticals (Asbat) is a leading pharmaceutical company that has been in existence for 22 years. Asbat has a calendar year-end and is audited annually. Asbat only operates in the United...

Find the Vo(s)/V; (s) transfer function in the circuit given above according to options a and b. a. Find the transfer function in the circuit where there is no resistance indicated by R.. b. Find the...

Alexander Smith and his wife Allison are married and file a joint tax return for 2019. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6...

1. Tiana Morales is the director of the customer call center for Pierce Software. For the past three months, she has been keeping track of the support calls the center receives, and asks for your...

Complete Tsate's Form 1040-SR, Schedules A, B and D, Form 8949, Form 6252 and Qualified Dividends and Capital Gain Tax Worksheet. Tsate Kongia (birthdate 02/14/1954) is an unmarried high school...

Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. His W-2...

Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number Name and Address Payroll information...

Chris and Stefani Watanabe live with their two boys at 1400 Victoria Lane, Riverside, CA 92501. Chris is an accountant who has his own accounting practice. Stefani is an elementary school teacher....

Bristol Electronics produces wide range of electronic products. The company has a labour based costing system that was introduced in the 1970s and is now considering implementing an activity based...

In this mini-case, you will complete the test of details on accounts receivable for the 2019 audit of EarthWear Clothiers, Inc. The principal test of detail involves sending "confirmations" or...

Bruce also requires a calculation of taxable income for the most recent year ended December 31, 2019. The calculation should be prepared in Excel. He has also requested that you prepare the year-end...

A nutrition plan app has a subscription that costs $10/month. The following chart gives average historical renewal rates for subscribers based on how many months they have been a subscriber. Month 1...

1. Liam Richardson is the business manager for the Smith & Lyngate Insurance agencies in the state of Maryland. Liam is interested in increasing the number of agents in Baltimore and plans to buy...

The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the...

1). Trifles Ltd acquired 280,000 shares in Bamburg Ltd on 01 July 2019 and as a result Trifles Ltd has a control of 80% in Bamburg. The purchased consideration transferred by Trifles Ltd in exchange...

Sarah plans to purchase a forward contract on 180-day bank bills, to be delivered at the end of 90 days, with face value of $200,000. The current spot rate for 270-day bank bills is 3.26% p.a....

You, CPA, are working as the controller for a video game development company called All Starr Games Inc. (All Starr). The company develops sports-related games, and its recent virtual rugby game was...

As part of the engagement team for the audit of JA Tire Manufacturing for the year ended December 31, 2019, you are responsible for auditing the sales and collection cycle. If you have not done so...

1. Which process should VBB choose to produce?? 2. How much would VBP be willing to pay for the testing that is currently offered, for each batch?? 3. Would we be considered a perfect test, at twice...

Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is...

Target Corporation reported the following on its income statement. For 12 Months Ended ($ millions) Feb. 2, 2019 Feb. 3, 2018 Jan. 28, 2017 Total revenue $75,356 $72,714 $70,271 Cost of sales 53,299...

Cherry Cotta makes custom ordered clay pots for residential gardens. Below is cost information regarding its latest job. a. Materials were purchased on account. $18,996 purchased b. A materials...

? Dean and Ellen Price are married and have a manufacturing business. They bought a piece of business equipment (7-year personal property) on 4/1/2017 for $50,000. Use half-year convention to...

The Fashion Rack has a monthly accounting period. All transactions are recorded in a general journal. Postings are made from the general journal to the accounts receivable ledger, accounts payable...

The City of Townsends city council authorized the establishment of an internal service fund to provide human resource services to city departments. The following transactions took place in the...

Owen and Sonja Cornell are married. They are the parents of two children: Kirsten (born on July 1, 2000) and Ingrid (born on May 17, 2009). Ingrid does not have any income. Kirsten (SIN 805 232 329)...

Complete Alvins Music Inc.s (AMI) 2020 Form 1120, Schedule D, and Schedule G (if applicable) using the information provided below. Neither Form 4562 for depreciation nor Form 4797 for the sale of...

Cinder Inc. is a Canadian-controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for its year ended May 31, 2020: 1....

Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their Social Security numbers are 123-45-6784 and 111-11-1113, respectively. Alice's birthday is September 21, 1972, and...

Your tax clients, Jack and Diane a married couple filing a joint return, fell in love with a new construction house for sale in their small Illinois hometown. The builder offers two options on the...

TJohn Phelps has run a small business for many years and has never kept adequate accounting records. However, a need to obtain a loan from the Bank of Make It Flow, for the expansion of his business...

On January 1. Ruiz Company issued bonds as follows: Face Value: Number of Years: Stated Interest Rate: Interest payments per year 500,000 15 7% Required: 1) Calculate the bond selling price given the...

Apollo Shoes is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report. You are asked to assume the role of a veteran of...

Sean B. (age 42) and Michelle R. (age 48) Atwell are married and live at 5944 Overhill Road, Mission Hills, MO 66208 (a suburb of Kansas City). Sean is employed as a chemist by HMT Pharmaceuticals,...

Frank Thompson operates a small business that manufactures oversized backyard games. He runs the business as a sole proprietorship. The company uses a job order cost system using a first-in,...

During the 1984 Olympics Frank and Irma rented their home in Hollywood, California and enjoyed a three-week vacation at their condo in Malibu, California. By 2000, they decided to retire to the Palm...

? ?? ? ? Assume that Alpha and Omega compete in the same four-digit SIC code industry and offer comparable products and services. The following table contains their reported financial performance and...

Jasper Junction Corporation (JJC) is an accrual basis, calendar-year entity that was created by Chao, Iris, and Nolan in 20X1. JJC furnishes the original incorporation agreement. The shareholiders'...

S&P Enterprises has provided data from the first three months of the year. The Controller has asked you to prepare the Cash Budget and the related Schedules for Expected cash collections and Payments...

Shayla Green owns Creative Designs. The trial balance of the firm for January 31, 20X1, the first month of operations, is shown below. End-of-the-month adjustments must account for the following...

The CFO of X, a brokerage firm and SEC registrant (the Company), tells you that the Company is contemplating a sale of one of its reporting units, G, a wholly owned subsidiary of the Company located...

Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...

Cary Company manufactures two models of industrial componentsa Standard model and an Advanced Model. It has provided the following information with respect to these two products: Standard Advanced...

Twenty-five years ago, Angelo and Fred started their own consulting company, XYZ Co. Angelo, who is 55, retired from the business on December 31, 2019. He and his wife plan to travel throughout...

It is February 1, 2020, and you are an audit senior at Ben & Jerry LLP (B&J) working on the December 31, 2019, year-end audit for Nice Life Inc. (NLI). This is only B&J's second year as...

A supplier shipped $3,000 of ingredients on 12/29/17. Peyton receives an invoice for the goods, as well as a bill for freight for $175, all dated 12/29/17. Goods were shipped FOB suppliers warehouse....

Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to...

You are considering several cities for a vacation. In particular, you are interested in Washington DC, Philadelphia, and Boston. You will format a list of memorials in DC, add Spark lines to compare...

57. Comprehensive consolidation subsequent to date of acquisition, AAP computation, goodwill, upstream and downstream intercompany inventory profits, downstream intercompany depreciable asset...

Which organizutional structure issue is most apparent at Authentic Brew based on the Mating ent Pckai Deptent Shpng Denartment Tap Ro acatis Selesa Prmtn Pursteng Bing ewing Coordination of...

You, CPA, work at Spring & Bounce Chartered Professional Accountants (S&B) as a management consultant. S&B is a medium-sized CPA firm. It is December 10, 2018, and the partner has called...

The childcare centre is a non-profit community and has been in the business for over 20 years. It is located in Melbourne managed by a local university to provide high quality care for children of...

Warner and Augustine Robins, both 33 years old, have been married for 9 years and have no dependents. Warner is the president of Dragon Lady Corporation located in Macon. The Dragon Lady stock is...

You are the business manager for Indy Deck Builders, a local construction company that specializes in new deck installation. Your company offers three-deck models. Model A which costs $2,000, model B...

Valley View Inc., a U.S. corporation, formed a wholly owned Mexican corporation to conduct manufacturing and selling operations in Mexico. In its first year of operations, the Mexican corporation...

Forecast DP's 2020 income statement and balance sheet using the following relations ($ millions). Assume total revenues grow by 13% in 2020. All other percentages (other than sales growth and...

On 1 July 2005 Neil Chen purchased a block of land (1004m2 ) with a 3 bed-room house on it for $700,000. The house was rented out immediately since 1 July 2005 till June 2017. As the relevant...

Quints Fly Tying Corp. (QFT) and Marshalls Kiteboard Corp. (MKC) entered into a joint venture (JV) agreement on January 1, 20X3, that resulted in the creation of Live Life to Its Fullest Ltd. (LLF)....

Your sister has just won $300,000 (taxfree) in the state lottery. Shes decided to quit her job and devote herself to writing novels for the next ten years, using her lottery winnings to support...

Kennedy Prisby, age 33, is single and has no dependents. Her social security number is 111-22-3333. Her address is 101 North Fork Ave., Cedar City, UT 84720. She has no intention of donating to the...

Slater & Gordon (S&G) became the worlds first listed law firm in 2007. The company is headquartered in Melbourne, where it was founded in 1935, by William Slater and Hugh Gordon....

Maria Young is the sole stockholder of Purl of Great Price Company (POGP Company), which produces high-end knitted sweaters and sweater vests for sale to retail outlets. The company started in...

The Project Data file provided for you contains information that you may use to help you complete certain questions. You will be directed to this file as required in the questions below. Canaans...

Nadia Khalif is the office manager for the Conyers Law Offices in Dallas, Texas. The firm is planning to move its computer network into the cloud so that everyone working on a case can access...

The following balances appeared in the general ledger accounts of Fenton Table Rentals Corporation at April 1, 2019. Required: 1 Prepare journal entries to record the April transactions shown on the...

(a) A homogeneous solid body of arbitrary shape is initially at temperature T, throughout. At t = 0 it is immersed in a fluid medium of temperature T. Let L be a characteristic length in the solid....

Ziggy's Inc. is a retailer of highly specialized clothing that opened for business on May 1, 2014, in a leased store in a strip mall. A condensed income statement for Ziggy's Inc. for its year, ended...

Ms. Isabelle Cardin had a tumultuous year in 2019. She broke her engagement early in the year and quit her job. She moved to a resort area to take a waitress job and to start up a fitness instruction...

Enterprise PIE PRINCE (PP) specialises in the manufacturing of two types of pies,namely a cheese & ham pie and a spinach & feta pie. The pies are so popular that the enterprise is struggling...

1. What is your assessment of the financial performance of Nelson Nurseries? 2. Do you agree with Christine Barton?s accounts-payable policy? 3. What explains the erosion of the cash balance? 4. What...

Lucie likes consuming candy (c) and fruit (f), and dislikes consuming plastic packaging (p), and has rational preferences over bundles (c, f, p). No matter how many units of each good she has, Lucie...

ABC Framing has been hired to frame a light commercial building. The project began on July 2 and was completed on August 9. The following is a list of accounting transactions associated with the...

What is the value of CP's revised offer on December 8 (before CP "sweetened" its offer by adding the CVR security)? In your analysis, assume the following: a) A valuation date of December 31, 2015,...

MGM International operates casinos and resorts across the U.S. and in China. The company reported the following in its SEC filings. We maintain an allowance for doubtful casino accounts at all of our...

4) You operate a Caribbean destination resort. You currently offer plans for a cruise departing from the resort and plans for a casino stay. It is expected that in 2021 there will be some return to...

After looking at the projections of the HomeNet project, you decide that they are not realistic. It is unlikely that sales will be constant over the four-year life of the project. Furthermore, other...

For each of the following requirements, create a new pivot table in a new worksheet. Name each new worksheet as Req 1, Req 2, etc. Format the dollar amounts in each pivot table or pivot chart using...

Sierra Foxtrot Airport called for tenders for supplies of green seed for its runway surrounds, with a closing date of 1 June. The following tenders were submitted: Green Grow hand-delivered its...

1. a. How much did the materials cost per unit change between June and July? b. How much did the conversion cost per unit change between June and July? 2. Which is the optimal choice of material and...

Mary is 30 years old and married to Mark, age 36. Mark passed away on January 30, 2021. Mark was unemployed and had no income in 2021 due to his illness. Marys seven-year-old daughter, Jenny, lived...

On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $22,760 of office salaries and $65,840 of sales salaries....

W&S Partners began the planning phase of the Cloud 9 audit. As part of the risk assessment phase for the new audit, the audit team needs to gain an understanding of Cloud 9's structure and its...

The Springfield School Board has made the decision to close one of its middle schools (sixth, seventh, and eighth grades) at the end of this school year and reassign all of next year's middle school...

A Venture Capitalist presents Arbuckle, Inc., the shoes manufacturer with the following term sheet for a series A funding round: Amount $5 million Security Convertible Preferred Mandatory on IPO >...

How much acquisition and integration cost was included within GAAP Other (expense) income, net for the 6 months ended December 31, 2018? $0 $1,755 $2,613 $4,368

You are to record transactions completed by Fabulous Furnishings during February of this year. Beginning balances for the accounts listed below have been provided in your Working Papers. This Company...

James Silva is a management accountant at Kleebler - Olson, where he is in charge of their investment portfolio. James worked with a data scientist to develop a model that predicts how a given loan...