The following transactions resulted for Pete’s delivery Service during the month of March: A) Pete invested $40,000 in the business from his personal savings account B) Bought delivery trucks on account $25,000 C) Advertising bill received but unpaid $800 D) Bought office equipment for cash $2,500 E) Received cash for delivery services rendered $13,000 F) Paid salaries expense $1,850 G) Paid gas expense for company trucks $750 H) Billed customers fro delivery services rendered $5,500 I) Paid telephone bill $400 J) Received $1,600 as partial payment of transaction H K) Pete paid home telephone bill from company checkbook $88 the journal entries?
Management has formulated a company
Management has formulated a company one side strategic plan defining specific objectives for the new information systems being introduced. describe how you would develop the operational basis for meeting these strategic objectives. discuss both the means to maximaximize the potential of the new sytems and the means to minimize
Economy Laundry Company had the following transactions
Record transactions in journal, post to T-accounts, and prepare trial balance Economy Laundry Company had the following transactions in August 2012: Aug. 1 Issued capital stock for cash, $150,000. 3 Borrowed $40,000 from the bank on a note. 4 Purchased cleaning equipment for $25,000 cash. 6 Performed services for customers who promised to pay later, $16,000. 7 Paid this month’s rent on a building, $2,800. 10 Collections were made for the services performed on August 6, $3,200. 14 Supplies were purchased on account for use this month, $3,000. 17 A bill for $400 was received for utilities for this month. 25 Laundry services were performed for customers who paid immediately, $22,000. 31 Paid employee salaries, $6,000. 31 Paid cash dividend, $2,000. a. make journal entries for these transactions. b. Post the journal entries to T-accounts. Enter the account number in the Posting Reference column of the journal as you post each amount. Use the following account numbers: Acct. No.Account Title 100 Cash 103 Accounts Receivable 170 Equipment 200 Accounts Payable 201 Notes Payable 300 Capital Stock 320 Dividends 400 Service Revenue 507 Salaries Expense 511 Utilities Expense 515 Rent Expense 518 Supplies Expense c. make trial balance as of August 31, 2012.
contemporary Business: Oil spill issues; Moratorium on drilling
1. Discuss the ways that BP’s approach to teams may have contributed to the 2010 Deepwater Horizon oil spill (which resulted from an over-pressurized deepwater well head). 2. In June 2010, President Obama imposed a six month deep water drilling moratorium. If the US government prohibits deep water drilling off the US coast, discuss how the US oil companies can remain competitive in the US market when over 35% of crude oil is currently sourced from domestic deep water drilling.
Zoom Corporation manufactures and sells three
Zoom Corporation manufactures and sells three different types of binoculars. They are referred to as Good, Better, and Best binoculars. Grinding and polishing time is limited. More time is required to grind and polish the lenses used in the Better and Best binoculars. Additional information is provided below. Product Good Better Best Selling price $91.50 $319.50 $910.00 Variable costs and expenses 49.00 180.00 478.00 Contribution margin $42.50 $139.50 $432.00 Grinding and polishing time required 0.5 hrs 1.5 hrs 6 hrs Ignoring the time constraint, what strategy would appear to be optimal? The company should shift toward production of more units? What is the contribution margin per unit of limited resource for each type of binocular? Contribution margin per unit of limited resource GOOD $BETTER $BEST $ If additional grinding and polishing time could be obtained, how should the additional capacity be used? Additional capacity should be used to make binoculars
A definition of Business Law and why
A definition of Business Law and why one should study it. The difference between Business Law and Business Ethics. A list of topics covered with a brief description for each one. Remember this is a brochure so there will not be a ton of space. You want to hit the highlights from each week. A section on emerging trends related to business law. Key takeaways from this course. How will you use the information from this class?
Strand Corp has the following information
Strand Corp has the following information for their first month of their professional services business: Revenues $150,000, wage expense $70,000, rent expense $20,000, advertising expense $10,000, cash $15,000, accounts receivable $15,000, equipment $100,000, accounts payable $5,000, notes payable $45,000, common stock $30,000. Questions: 1) how much is Strand’s Net Income? 2) what is the balance of Strand’s total assets? 3) what is the balance of Strand’s total Liabilities? 4) Do Assets = Liabilities + Equity? (prove it with numbers)
opportunities and threats of a firm
Opportunities/threats for firm with aa product business model 1. What are the opportunities and threats of a firm which employs a single or dominant product business model? 2. Compare and contrast cost leadership, differentiation, rapid response, and focus opportunities. When would each approach work best? Worst? 3. What are the opportunites and threats of a single product/dominant product firm in emerging industries, transition industries, mature, declining, and fragmented industries? 4. Cite examples of single/dominant product firms, their competitive strategy, and why that strategy fits or does not fit their industry life cycle.
customer complaints
Although customer complaints are commonly dreaded, the feedback from the customer can actually give the services organization an opportunity to improve its quality of services and build customer loyalty. The manner in which a complaint is handled, however, will determine whether or not such a positive outcome is achieved. Discuss what customers want once a complaint has been made, and the steps the services organization can take to ensure a positive outcome. Illustrate your comments with a specific example of a complaint that you have made or received (or seen made or received) and how it was handled. Did it have a positive outcome?
customer complaints
Although customer complaints are commonly dreaded, the feedback from the customer can actually give the services organization an opportunity to improve its quality of services and build customer loyalty. The manner in which a complaint is handled, however, will determine whether or not such a positive outcome is achieved. Discuss what customers want once a complaint has been made, and the steps the services organization can take to ensure a positive outcome. Illustrate your comments with a specific example of a complaint that you have made or received (or seen made or received) and how it was handled. Did it have a positive outcome?