Mr. Williams and Mr. Lily have operated separate sole proprietorships for several years. Both of the proprietorships are service businesses, and they are on the cash basis of accounting for federal income tax purposes. On January 1, they contribute the net assets of their separate proprietorships to a new partnership in which they will conduct business. Each has an equal capital and profits interest in […]
Breakeven analysis Molly Jasper and her sister, Caitlin Peters, got into the novelties business almost by accident. Molly, a talented sculptor, often made little figurines as gifts for friends. Occasionally, she and Caitlin would set up a booth at a crafts fair and sell a few of the figurines along with jewelry that Caitlin made Little by little, demand for the figurines, now called Mollycaits, […]
Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the company’s bank late in the current year seeking short-term financing, he was told that money was very tight and that any borrowing over the next year would have to be supported by a detailed statement of cash collections and disbursements. The treasurer also was told that it […]
Questions that you need to work on: What information is provided by the descriptive analytics employed at your organization? What were the business challenges or opportunities that organization was facing? What were the main business challenges? Describe the complexity and the competitive nature of the business environment in which your organization functions. What type of support is provided by the predictive analytics employed at your […]
For this project, pretend you’re going to go on a trip to visit three places. You should have estimated costs for transportation, hotels, and meals. Create a spreadsheet to calculate the total costs for each item, total cost, and percent of the total used for each item. Be sure to label columns and rows so it is clear what is in your spreadsheet. Also, type […]
I. TRUE OR FALSE (Write T if true; F if false)1. Trade discounts represent a discount offered to the purchasers for quick payment. _____2. When a company sells a $100 service with a 20% trade discount, $80 of revenue is recognized. _____3. A sales discount represents a reduction, not in the selling price of a product or service, but in the amountto be paid by […]
This assignment is due Week 4 and should basically be not more than two pages. The assignment will contain the topic on which you plan to research and write your Human Resource Management Issue Paper (see assignment below). This paper should contain the following information: •Cover Page which will include Name, Course, Date and Title •Second page which will include the following: oTopic Name oDescription […]
Please help! I am supposed to use the January 1st , 2019 asset and liability information, in order to develop a balance sheet. (Assuming no unpaid bills). Assets on a balance sheet should be listed at the current fair market value, not the purchase price. Liabilities are listed at the current outstanding balance. Also need help figuring out her Net Worth! ASSETS _ January 1 […]
GOOD DAY, PLEASE HELP ME ANSWER THE FOLLOWING SCENARIO as simple as possible to better understand. Read the Leader in Action, “Doug Scott, Truck Group Marketing Manager at Ford Motor Company” on p. 258 of your textbook. Then, respond to the following: Which influence tactics can you infer that Doug Scott uses in his leadership role? What career lessons might be taken away from this story […]
Atlantic Manufacturing Company uses process costing. All materials are added at the beginning of the process. The normal spoilage rate is 10% of good units completed. The cost of the beginning work-in-process in the month of May is $3,000,000, including $1,600,000 of input of materials, 200,000 units, and $1,400,000 for conversion costs. The beginning work-in-process is 70% complete. During May, the input includes $6,400,000 for […]
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