Anthony Cases 3-2‚ 11-2‚ and Problem 5-7 Anthony Cases 3-2: Loan Pine Café (B) 1. Below is the income statement for the Lone Pine Café from November 2‚ 2005-March 30‚ 2006. [pic] *Notes regarding two calculations: a. Sales = $43‚480 (cash) + $870 (accounts receivable) = $44‚ 350 b. Inventory (food & beverage) = $10‚016 (purchase from suppliers) + $1‚583 (accounts payable) + $370 (which is the change from inventory of $2800-$2430) = $11‚969.
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EMGMT 362 Week #7 Assignment Prof. Mull 2 March‚ 2013 Reviewing the case study on what to do with Howard‚ I noticed that the work environment had many more issues that plagued it than just Howard. Tad has many decisions to make as the project Engineer for Agrigreen‚ Inc. Below are three Findings of Fact and my recommendations for each. Finding of Fact #1: Howard has issues with attendance and break time boundaries. He has grown complacent in his demeanor. Over the last several years he
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Assignment 2: Case 3-3‚ easyCar.com 1. In Western Europe‚ the rental car industry is made up of many companies competing against each other‚ but only a handful of companies are actually dominant. According to the text‚ in most countries‚ the companies that were dominant were national or regional companies rather than companies that had a strong international presence. Many smaller companies also operated in each different country but generally only operated in a few locations. The rental car industry
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Assign Case #2 Problem 7-37 (Bhavika Investments) Bhavika Investments‚ a group of financial advisors and retirement planners‚ has been requested to provide advice4 on how to invest $200‚000 for one of its clients. The client has stipulated that the money must be put into either a stock fund of a money market fund‚ and the annual return should be at least $14‚000. Other conditions related to risk have also been specified‚ and the following linear program was developed to help with this investment
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Case 2-1 Absenteeism at ONO Inc. ONO is a large auto-supply company that does a large volume of business with only eleven employees. Absenteeism seems to have increased over the last two years and has had a significant effect on ONO. The information in the text shows that ONO had lost 539 employee labor-hours or 67.375 days to employee absenteeism last year. Because there are only eleven employees‚ this equals out to 6.125 missed days per employee. This is actually less than the United States
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Case 2 – Edward Marshall Boehm‚ Inc. 1. Analyze the firms goals and objectives Goal: Make the world aware of Mr. Boehm’s artistic talent‚ to help world wildlife causes by creating appreciation and protection for threatened species‚ and to build a continuing business that could make them comfortably wealthy‚ perhaps millionaires. No one goal has grater precedence over the others. Strategic objective: The case does not tell a lot about strategic objectives that are specific and cover a well-defined
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Re: Case 2 Three Little Pigs‚ Inc. I’m writing this in response to your question on how should the Company determine whether an impairment exists and how should management evaluate impairment. The Company should record inventory impairment when according to ASC 330-10-35-1‚ “the utility of the goods is no longer as great as their cost”. The rule also states “where there is evidence that the utility of goods‚ in their disposal in the ordinary course of business‚ will be less than cost‚ whether
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Solutions Chap 8 Suggested Exercises 2. Howard Bowen’s cotton farm analysis appears below. a. Accounting profits: Revenues $5‚000‚000 Less: Variable operating costs 4‚500‚000 Less: Depreciation 40‚000 Less: Wages 50‚000 Equals: Operating Income $410‚000 Less: Interest expense 400‚000 Accounting income before tax +$10‚000 b. Economic profits: Revenues $5‚000‚000 Less: Variable operating costs 4‚500‚000 Less: Opportunity
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Amgen Inc. is a pharmaceutical company based out of California. In 2009‚ there were 15 states that filed lawsuits against the company for accusations of participating in Medicaid kickback schemes. Amgen was out to push the sale of their new drug Aranesp‚ which was developed to treat amnesia associated with chronic renal failure. Despite numerous reports of complaints with the new drug‚ Amgen continued to sweeten the deal for long-term care pharmacy providers to switch Medicare and Medicaid patients
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Managerial Accounting – Question 1 Break even point in number of sales tickets 2003 2004 average sales tickets variable cost fixed cost sales tickets to break even 1607 725 2954 3349 1524 768 2990 3955 2006 1553 814 3893 5267 Question 2 If average prices were reduced 10% and unit sales increased to 7‚500‚ would the company’s income be increased? 2006 Avg. Sales Ticket Unit Sales Revenue COGS Fixed expenses $1553 6897 $10‚711‚041 $5‚570‚000 $5‚547‚000 2007 $1398 7500 $10‚485‚000 $6‚054
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