Monthly Archives: July 2017

Lester Hollar is vice president for human resources for a large

Lester Hollar is vice president for human resources for a large manufacturing company. In recent years, he has noticed an increase in absenteeism that he thinks is related to the general health of the employees. Four years ago, in an … Continue reading

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RDG 028 Final Exam

RDG 028 Final Exam Our first year in New York we rented a small apartment with a Catholic school nearby, taught by the Sisters of Charity, hefty women in long black gowns and bonnets that made them look peculiar, like … Continue reading

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Jazz Company purchased for $177,000 a patent for a new sound system

Journal entry and Amortization Jazz Company purchased for $177,000 a patent for a new sound system. Although it gives legal protection for 20​ years, the patent is expected to provide the company with a competitive advantage for only six years. … Continue reading

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Bridgeport Corp. issued $365,000,8%,25-year bonds on January 1, 2017

Bridgeport Corp. issued $365,000,8%,25-year bonds on January 1, 2017, for $329,149. This price resulted in an effective-interest rate of9% on the bonds. Interest is payable annually on January 1. Bridgeport uses the effective-interest method to amortize bond premium or discount. … Continue reading

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On January​ 1,2011​, Pizza Notra purchased a van for $45,000

Record a sale in journal entry – The depreciation method used was​straight-line On January​ 1,2011​, Pizza Notra purchased a van for $45,000. Red Rock expects the van to have a useful life of 5 years and a residual value of … Continue reading

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In November 2009, Accel Growth Fund invested $20 million in Groupon

In November 2009, Accel Growth Fund invested $20 million in Groupon by buying 2,932,553 shares of Series E convertible preferred stock. What was the realized IRR of this investment, if  the fund sold at IPO and “each share of Series … Continue reading

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The owner of Pooch It Doggie Daycare and Groomer, Jan Michaels

It Takes Money to Make Money The owner of Pooch It Doggie Daycare and Groomer, Jan Michaels, is well aware that it takes money to make money. She’s working on a plan to expand her facility and the services she … Continue reading

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Adams Manufacturing, Inc. manufactures cooling and heating coils

Adams Manufacturing, Inc.: Activity-Based Costing versus Volume-Based Costing Adams Manufacturing, Inc. manufactures cooling and heating coils for several different industries. It has two plants. Jewett City Plant (JCP) is an older, labor-intensive machine shop where skilled workers use tools to … Continue reading

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Captain Bob’s Favorite Fishing Hole Simulation Project

Captain Bob’s Favorite Fishing Hole Simulation Project Bob Night opened “Captain Bob’s Favorite Fishing Hole.” The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, … Continue reading

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ECN 101 Intermediate Macroeconomics Homework 4

ECN 101 Intermediate Macroeconomics Homework 4 1. Basic Multiplier Model: Review Suppose the components of the Aggregate Expenditure as follows: Y = C + I + G + NX C = 200 + .8Yd = 200 + .8 (Y – … Continue reading

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