Monthly Archives: June 2017

Bill’s Lawn Care Mini Practice Part 1 -

Bill’s Lawn Care Mini Practice Part 1 Bill Graham started his career mowing lawns for neighbors while he was in junior high school.  Bill worked summers for the local golf course while he was in high school and now that … Continue reading

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Allcell Manufacturing is a division of Birch Communications, Inc. All cell

Allcell Manufacturing is a division of Birch Communications, Inc. All cell produces cell phones and sells these phones to other communication companies. as well as to Birch. Recently, the vice president of marketing for Birch approached Allcell with a request … Continue reading

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Southwest Airlines and Koch Industries are both known for their distinctive

Assignment Overview Southwest Airlines and Koch Industries are both known for their distinctive organizational cultures, and both have been highly successful and profitable companies. Southwest Airlines is known as a “fun” place to work, where socialization and humor in the … Continue reading

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Bill’s Lawn Care Mini Practice Part 3 -

Bill’s Lawn Care Mini Practice Part 3 In June, Bill decided to open a small retail operation selling bags of fertilizer to the public.  He has decided to begin by offering two kinds of fertilizer.  Below is the information for … Continue reading

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Martin S. Albert (Social Security number 111-11-1111) is 39 years old

Martin S. Albert (Social Security number 111-11-1111) is 39 years old and is married to Michele R. Albert (Social Security number 123-45-6789). The Alberts live at 512 Ferry Road, Newport News, VA 23601. They file a joint return and have … Continue reading

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Tamar Co. manufactures a single product in one department

Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 22,200 units of product … Continue reading

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Sue is working at a sports bar waiting on tables while attending college.

Sue is working at a sports bar waiting on tables while attending college. She is currently enrolled as a sophomore in the school of business at State University majoring in human resource management. What are the possible tax credits or … Continue reading

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John and Sally Claussen are contemplating the purchase of a hardware

John and Sally Claussen are contemplating the purchase of a hardware store from John Duggan. The Claussens anticipate that the store will generate cash flows of $74,000 per year for 20 years. At the end of 20 years, they intend … Continue reading

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BagODonuts company bought a used delivery truck on Jan. 1, 2010

BagODonuts company bought a used delivery truck on Jan. 1, 2010, for $19,200. The van was expected to remain in service 4 years (30,000) miles. BagODonuts accountant estimated that the truck’s residual value would be $2,400 at the end of … Continue reading

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On July 1, 2010, Harris Co. issued 6,000 bonds at $1,000 each

On July 1, 2010, Harris Co. issued 6,000 bonds at $1,000 each. The bonds paid interest semiannually at 5%. The bonds had a term of 20 years. At the time of issuance, the market rate of interest was 7%. Harris … Continue reading

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