and direct manufacturing labor is $100 per board.

This includes 20 pounds of direct materials, at

the budgeted price of $2 per pou

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Comprehensive variance analysis review. Sonnet Inc. has the following budgeted standards for
the month of March 2010: Sales of 2,000,000 units are budgeted for March. Actual March results
are: Unit sales and production totaled 90% of plan. Actual average selling price declined to
$4.80. Productivity dropped to 250 dis

FIFO method (continuation of 17-35). Do Problem 17-35 using the FIFO method of process
costing. If you did Problem 17-35, explain any difference between the cost of work completed
and transferred out and the cost of ending work in process in the Assembly Department under the
weighted-average method and the FIF0 method.

Direct Manufacturing Labor and Variable Manufacturing Overhead Variances. Sarah Beth’s
Art Supply Company produces various types of paints. Actual direct manufacturing labor hours
in the factory that produces paint have been higher than budgeted hours for the last few months
and the owner, Sarah B. Jones, is concerne

Direct materials and manufacturing labor variances, journal entries, Shayna’s Smart Shawls
Inc. is a small business that Shayna developed while in college. She began hand-knitting shawls
for her dorm friends to wear while studying. As demand grew, she hired some workers and
began to manage the operation. Shayna’s s

The variable manufacturing costs per unit of BigScreen Corporation are: 1. Prepare income
statements for BigScreen in January, February, and March of 2009 under throughput costing. 2.
Contrast the results in requirement 1 with those in requirement 1 of Exercise 9-18. 3. Give one
motivation or BigScreen to adopt

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Downward demand spiral. Network Company is a large manufacturer of optical storage systems
based in Arizona. Its practical annual capacity is 7,500 units, and, for the past few years, its
budgeted and actual sales and production volume have been 7,500 units per year. Network’s
budgeted and actual variable manufacturi

Journal entries 1. Prepare journal entries for variable and fixed manufacturing overhead (you will
need to calculate the various variances to accomplish this). 2. Overhead variances are written off
to the Cost of Goods Sold (COGS) account at the end of the fiscal year. Show how CGS is
adjusted through journal entries.
Journal entries (continuation of 17-30). Prepare a set of summarized journal entries for all
October 2009 transactions affecting Work in Process—Assembly. Set up a T-account for Work
in Process—Assembly and post your entries to it.

4-variance analysis, fill in the blanks. Pandom, Inc. produces chemicals for large biotech
companies. It has the following data for manufacturing overhead costs during August 2010: Use
F for favorable and U for unfavorable:

Furniture, Inc. specializes in the production of futons. It uses standard costing and flexible
budgets to account for the production of a new line of futons. For 2010, budgeted variable
overhead at a level of 3,200 standard monthly direct labor-hours was $25,600; budgeted to:
overhead at 4,000 standard monthly direct l

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Activity-based costing flexible-budget variances for finance-function activities. FastGrocery.com

an online company that delivers groceries to its customers has the following information for its
three finance activities in 2008: The output measure is the number of deliveries, which is the
same as the number of remi

Transferred-in costs, weighted-average method. Asaya Clothing, Inc. is a manufacturer of winter

clothes, It has a Knitting Department and a Finishing Department This exercise focuses on the
Finishing Department. Direct materials are added at the end of the process. Conversion costs are
added evenly during the process.

Possible causes for price and efficiency variances You are a student preparing for a job interview
with a Fortune 109 consumer products manufacturer. You are applying for a job in the Finance
Department. This company is known for its rigorous case-based interview process. One of the
students who successfully obtained a

Fixed-manufacturing overhead, variance analysis Esquire Clothing allocates fixed manufacturing

overhead to each suit using budgeted direct manufacturing labor-hours per suit. Data pertaining
to fixed manufacturing overhead costs for June 2009 are budgeted, $62,400, and actual, $63,916.
1. Compute the spending variance

Direct materials and manufacturing labor variances, solving unknowns (CPA, adapted) On May
1, 2009, Bovar Company began the manufacture of a new paging machine known as Dandy. The
company installed a standard costing system to account for manufacturing costs. The standard
costs for a unit of Dandy follow: The follo

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Absorption costing and production-volume variance-alternative capacity bases. Earth Light First
(ELF), a producer of energy-efficient light bulbs, expects that demand will increase markedly
over the next decade. Due to the high fixed costs involved in the business, ELF has decided to
evaluate its financial performance

Journal entries (continuation of 17-35). Prepare a set of summarized journal entries for all April
transactions affecting Work in Process—Assembly. Set up a T-account for Work in
Process—Assembly and post your entries to it.

Continuous improvement the Monroe Corporation sets monthly standard costs using a
continuous-improvement approach. In January 2009, the standard direct material cost is $45 par
unit and the standard direct manufacturing labor cost is $15 per unit Due to more efficient
operations, the standard quantities for February 20

The following e-mail message has errors in spelling, proofreading, noun plurals, conversational
tone, unfamiliar words, and other writing techniques studied in this chapter. You may either (a)
Use standard proofreading marks to correct the errors here or (b) Download the document from
your companion Web site and revi

Use the information from the preceding sentences to write a coherent paragraph about replacing
the sports scoreboard. Strive to use three devices to build coherence: (a) Repetition of key words,
(b) Pronouns that clearly refer to previous nouns, and (c) Transitional expressions.

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The following executive summary has faults in grammar, punctuation, spelling, wordiness,
parallelism, and possessives. You may either (a) Use standard proofreading marks (see Appendix
B) to correct the errors here or (b) Download the document from www.guffey.com and revise at
your computer. Study the guidelines in th

Absorption, variable, and throughput costing EnRG Inc. produces trail mix packaged for sale in
convenience stores in the Northeast section of the United States. At the beginning of April 2008,
EnRG has no inventory of trail mix. Demand for the next three months is expected to remain
constant at 50,000 bags per month. E

Comparison of variable costing and absorption costing. Hinkle Company uses standard costing.
Tim Bartina, the new president of Hinkle Company, is presented with the following data for
2009: 1. At what percentage of denominator level was the plant operating during 2009? 2. How
much fixed manufacturing was included i

An automobile manufacturer is conducting research in an attempt to predict the type of car

design consumers will desire in the year 2020. Is this basic or applied research? Explain.

Discuss the advantages and disadvantages of unconventional job applications that use
“gimmicks” or a video résumé to get noticed.

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What are some of the differences between conventional presentations and multimedia
presentations with presentation software such as PowerPoint? How would you prepare for each?

Is it possible to make sound managerial decisions without business research? What advantages
does research offer to the decision maker over seat-of-the-pants decision making?

The following information will appear in a business newsletter. Revise this wordy paragraph to
include an introductory statement followed by a list. Should the list be bulleted or numbered?
The National Crime Prevention Council made a statement about crime in the workplace. It also
provided some tips for improving work

What types of tools does the researcher use more given the ever increasing internationalization of
business?

Why is it not a wise idea to “stretch the truth” when persuading?

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What techniques are most effective for reducing stage fright?

How can recruiters and job seekers connect on the Web, and what are the advantages and
potential disadvantages of doing so?

Your deadline is due, but your document needs proofreading. Should you spend the time
necessary to proofread and miss the deadline?

Because English is becoming the international language of business and because the United
states is a dominant military and trading force, why should Americans bother to learn about other
cultures?

In order for her to get the data she needs, people will have to make comments on Sarah’s
film-tourism blog. How will Sarah ensure that people know about and find her blog so that they
can keep posting comments and ensure that such comments will keep steadily coming through?
Sarah had always had a keen interest in mo

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Revise the following by incorporating a bulleted list. The American Automobile Association
makes a provision of the following tips for safe driving. You should start your drive well rested.
You should wear sunglasses in bright sunshine. To provide exercise breaks, plan to stop every
two hours. Be sure not to drink alco

What are the main differences between formal and informal reports?

Revise the following paragraph. Add a topic sentence and improve the organization. Correct
problems with pronouns, parallelism, wordiness, and misplaced or dangling modifiers. Add
transitional expressions if appropriate. You may be interested in applying for a new position
within the company. The Human Resources Depart

If computer software is increasingly able to detect writing errors, can business communicators
stop studying writing techniques? Why or why not?

The following letter has errors in spelling, proofreading, commas, parallelism, and other writing
techniques studied in previous chapters. You may either (a) Use standard proofreading marks to
correct the errors here or (b) Download the document from www.meguffey.com and revise at
your computer. Study the guidelines

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How are informative reports different from analytical reports? Give an original example of each.

Why is it important for business and professional students to develop good communication skills,
and why are writing skills especially essential?

Discuss the ramifications of the following statement: Once a memo or any other document leaves
your hands, you have essentially published it.

The following memo has errors in grammar, punctuation, spelling, proofreading, and other
problems. You may either (a) Use standard proofreading marks to correct the errors here or (b)
Download the document from your companion Web site and revise at your computer. Study the
guidelines in the Grammar/Mechanics Handbook

Should all reports be written so that they follow the sequence of investigation—that is,
description of the initial problem, analysis of issues, data collection, data analysis, and
conclusions? Why or why not?

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List the conditions that help a researcher decide when research should or should not be
conducted.

Why is it important to regain the confidence of a customer when you respond to a claim letter?

The following progress report has faults in grammar, punctuation, spelling, number form,
wordiness, and word use. Use standard proofreading marks (see appendix b) to correct the errors.
when you finish, your instructor can show you the revised version of this report. Date: November
9, 200x To: Eric Sternlicht, Pres

The following executive summary of a report has faults in grammar, punctuation, spelling,
number form, wordiness, and word use. Correct the errors with standard proofreading marks or
revise the message online at www.meguffey.com. EXECUTIVE SUMMARY Purpose of Report
The purposes of this report is (1) To determine the

Define business research and describe its task.

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Ethical Issue: Should companies automatically grant adjustments? For example, some customers
buy a video camera or a dress for a special event and return the product afterward. What
safeguards could be implemented?

Study the following sentence from an actual message: Management was the driving farce behind
the project. How could this proofreading error be costly?

NET How do you believe the Internet has facilitated research? Try to use the Internet to find the
total annual sales for Starbucks, for AFLAC, and for DuPont.

Name some products that logically might have been developed with the help of business
research.

Ishmael has decided to undertake further statistical analyses to see if there is any relationship
between his respondents’ perceived confidence in their own skills and their received
importance for the same set of skills. Outline the analysis process you would recommend
including, if necessary, any further work that

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Examine the remaining two extracts reporting correlation coefficients and chi square tests.
Should Ishmael use either the Pearson’s product moment correlation coefficients or the chi
square tests as reported in these extracts? Since arriving at university, Ishmael had become
increasingly interested in small business

Consider personal and business uses of proposals. How might you benefit if you know how to
write proposals?

Because of the burden that “junk mail” places on society (depleted landfills, declining
timber supplies, an overburdened postal system), how can it be justified?

Draft an outline structure of headings that would be broadly suitable for the main body of a
consultancy report for James’ client (including James’ report) and explain the purpose of
such a report. James, the Area Financial Controller (London) in the Europe, Middle East &
Africa (EMEA) region of an international

Is it unethical to help a friend revise a report when you know that the friend will be turning that
report in for a grade?
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Does bad news travel faster and farther than good news? Why? What implications would this
have for companies responding to unhappy customers?

What do you think this statement means? Instant messaging could be the dial tone of the future.
Do you agree or disagree?

Because clichés are familiar and have stood the test of time, do they help clarify writing?

In employment interviews, do you think that behavioral questions (such as Tell me about a
business problem you have had and how you solved it) are more effective than traditional
questions (such as Tell me what you are good at)? Why?

How have technology and internationalization affected business research?

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The following letter has faults in grammar, punctuation, spelling, capitalization, wordiness, and
other problems. Correct the errors with standard proofreading marks (see Appendix B) or revise
the message online at www.meguffey.com. 842 New Durham Rd. Edison, NJ 08817 June 4,
200x Mr. Frederick M. Eadgar Human Resour

The following résumé has errors in capitalization, number usage, punctuation, spelling,
proofreading, and other problems. You may either (a) Use standard proofreading marks to
correct the errors here or (b) Download the document from www.meguffey.com and revise at
your computer. Study the guidelines in the Grammar/

Do you agree that good writers can sit down at a computer and turn out perfect documents on the
first try? Why or why not?

How can the three-phase writing process help the writer of a business report as well as the writer
of an oral presentation?

Outline the possible disadvantages of using a parallel translation technique? As an overseas

student, Zaid Kilani chose to research downsizing in his home country in the Middle East. He
was encouraged by his tutor to research downsizing in a non-Western context. Zaid decided to
investigate how employees perceive the d

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Which of the following organizations are likely to use business research? Why? How? a.
Manufacturer of breakfast cereals b. Manufacturer of nuts, bolts, and other fasteners c. The
Federal Trade Commission d. A hospital e. A company that publishes business textbooks
Define a marketing orientation and a product orientation. Under which strategic orientation is
there a greater need for business research?

Why is it important to ask one’s own questions of the interviewer?

Revise the following paragraph. Add a topic sentence and improve the organization. Correct
problems with pronouns, parallelism, wordiness, and misplaced or dangling modifiers. As you
probably already know, this company (Lasertronics) will be installing new computer software
shortly. There will be a demonstration April

Are charts and graphs objective, unbiased presentations of data? Explain.

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Consider times when you have been aware that others have used the indirect pattern in writing or
speaking to you. How did you react?

Outline the content that you would expect James to include under each of the ‘main
headings’ you have proposed for the report James, the Area Financial Controller (London) in
the Europe, Middle East & Africa (EMEA) region of an international hotel group, is currently
studying for a part-time Masters degree. As par

The following letter has errors in grammar, punctuation, conversational language, outdated
expressions, sexist language, concise wording, long lead-ins, and other problems. You may
either (a) Use standard proofreading marks to correct the errors here or (b) Download the
document from your companion Web site and revis

How can speakers prevent electronic presentation software from upstaging them?

Of the reports presented in this chapter, discuss those that require indirect development versus
those that require direct development.

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Revise the following wordy paragraph into an introduction with a list. Should you use bullets or
numbers? Producing excellent digital prints that equal what you see on your computer monitor is
the most frustrating aspect of digital photography. You don’t have to be frustrated, however.
If you follow three steps, you

Comment on the following statements: a. Managers are paid to take chances with decisions.
Researchers are paid to reduce the risk of making those decisions. b. A business strategy can be
no better than the information on which it is formulated. c. The purpose of research is to solve
business problems.
You have been asked to comment on the covering letter that Zaid prepared. What are your
suggestions to improve this covering letter? As an overseas student, Zaid Kilani chose to
research downsizing in his home country in the Middle East. He was encouraged by his tutor to
research downsizing in a non-Western context. Z

In what ways can conflict be a positive force in meetings and how should it be addressed?

Sarah has begun to analyse the data that she is getting through her blog. How should she
continue this process? Some sample data is shown in the blog screenshot opposite as well as the
sample analysis grid, and further selected quotes are listed below: Desert Rose said. . . For me its
very much the scenery that grabs

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Is face-to-face communication always preferable to one-dimensional channels of communication

such as e-mail and fax? Why or why not?

How do business reports differ from business letters?

Why are professionalism, business etiquette, or soft skills so important in the workplace?

Why is writing in a natural, conversational tone difficult for many people?

How has the Internet changed job searching for individuals and recruiters? Has the change had a
positive or a negative effect?

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Why should a job candidate write a thank-you letter after an interview?

What are the possible disadvantages of the way that Zaid used to contact respondent? As an
overseas student, Zaid Kilani chose to research downsizing in his home country in the Middle
East. He was encouraged by his tutor to research downsizing in a non-Western context. Zaid
decided to investigate how employees perceiv

What methods could Sarah employ to take her initial blog research further, disaggregate
comments more and delve into the topic in even greater depth? Sarah had always had a keen
interest in movies and when choosing a topic for her final research project in her tourism course
she decided she wanted to investigate the c

Outline the purpose and content of an ‘executive summary’ in a consultancy report?

James, the Area Financial Controller (London) in the Europe, Middle East & Africa (EMEA)
region of an international hotel group, is currently studying for a part-time Masters degree. As
part of the programme, he is required to compl
Revise the following by incorporating bulleted items with category headings. Our attorney made
a recommendation that we consider several things to avoid litigation in regard to sexual
harassment. The first thing he suggested was that we should take steps regarding the
establishment of an unequivocal written policy proh

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How are speakers different from writers in the way they emphasize ideas?

Why does ethics professor Douglas Chismar argue that no difference between everyday ethics
and etiquette exists in the workplace?

The following letter has errors in spelling, proofreading, verbs, sentence structure, parallelism,
and other writing techniques studied in this chapter. You may either (a) Use standard
proofreading marks to correct the errors here or (b) Download the document from your
companion Web site and revise at your computer.

Why do you think employers prefer messages that are not written like high school and college
essays?

Revise the following by incorporating a bulleted list. yellin Resources specializes in

preemployment background reports. Among our background reports are ones that include
professional reference interviews, criminal reports, driving records, and employment
verification.

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When might it be unethical to use the indirect method of organizing a message?

“E-mail is no longer a cutting edge tool,” says The New York Times. “But it is clear
that some people still do not know how to use it effectively.”5 What have you heard are the
major complaints about the use of business e-mail?

Discuss the advantages and disadvantages of your various visual aid options—multimedia
slides, transparencies, handouts, flipcharts or whiteboards, videos, and props.

Describe the components of a persuasive request or a sales letter and explain what each part
needs to accomplish.

What advice would you give Michelle about whether she should attempt to organize another
focus group of students who were in the final year of their studies last year to lake her research
more representative? Michelle had been a student union welfare officer on a year’s sabbatical
from her undergraduate accounting a

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The following memo has errors involving grammar, punctuation, wording, lead-ins, parallelism,
language, listing techniques, and other problems. You may either (a) Use standard proofreading
marks to correct the errors here or (b) Download the document from your companion Web site
and revise at your computer. Study the

“Writing is both a ‘marker’ of high-skill, high-wage, professional work and a

‘gatekeeper’ with clear equity implications,” said Bob Kerry, chair of the Commission
on Writing. What does this statement mean in relation to your career field?

Discuss the following statement: “The English language is a land mine—it is filled with
terms that are easily misinterpreted as derogatory and others that are blatantly insulting. . . .
Being fair and objective is not enough; employers must also appear to be so.”

Use the following wordy instructions to compose a concise bulleted vertical list with an
introductory statement: To write information for a Web site, there are three important tips to
follow. For one thing, you should make the formatting as simple as possible. Another thing you
must do is ensure the use of strong visua

Recall a time when you experienced a problem as a result of poor communication. What were
the causes of and possible remedies for the problem?

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How can business meetings help you advance your career?

Which is more effective in claim letters—anger or objectivity? Why?

If PowerPoint is so effective, why are people speaking out against using it in presentations?

Ethical Issue: Should managers have the right to monitor the e-mail messages and instant
messages of employees? Why or why not? What if employees are warned that e-mail could be
monitored? If a company establishes an e-mail policy, should only in-house transmissions be
monitored? Only outside transmissions? See the Com

Is information obtained on the Web as reliable as information obtained from journals,

newspapers, and magazines? Explain.

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Although we do not feel that we are to blame for the delay in delivery of the hardwood floors
about which you complained, we are willing to give you a 10 percent discount on the total cost
of this shipment. This should offset your pain caused by the delay of 10 weeks due to the
container cargo disruption of all importe
The following letter has intentional errors in spelling, proofreading, noun plurals, and sentence
structure. You may either (a) Use standard proofreading marks to correct the errors here or (b)
Download the document from your companion Web site and revise at your computer. Study the
guidelines in the Grammar/Mechanic

Revise the following by incorporating a numbered list. When writing to customers granting
approval for loans, you should follow four steps that include announcing that loan approval has
been granted. Then you should specify the terms and limits. Next you should remind the reader
of the importance of making payments th

How are listening skills important to employees, supervisors, and executives? Who should have
the best listening skills?

What are some of the basic causes of conflict between management and research?

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Suppose Auchan (www.auchan.fr), a hypermarket chain based out of France, was considering
opening three hypermarkets in the midwestern United States. What role would theory play in
designing a research study to track how the shopping habits of consumers from the United States
differ from those in France and from those i

You have been hired by a local Big Brothers and Big Sisters organization to learn how they can
increase the number of males who volunteer to become Big Brothers to fatherless boys. Define
your research objectives.

Do surveys tend to gather qualitative or quantitative data? What types of information are
commonly measured with surveys?

The following report of meeting minutes has faults in grammar, punctuation, spelling, number
form, wordiness, and word use. Use standard proofreading marks to correct the errors. When you
finish, your instructor can show you the revised version of this summary. Honolulu-Pacific
Federal Interagency Board Policy Board C

ETHICS List at least one research obligation for research participants (respondents), researchers,
and research clients (sponsors)?

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’NET Use the Internet to learn what you can about Indonesia. a. Check the corruption index
for Indonesia at www. transparency.org. b. What additional kinds of information are available
from the following sources? • Go to freetheworld.com/member.html and view info for
Indonesia. • Visit the CIA’s World Factbook
Comment on the ethics of the following situations: a. A food warehouse club advertises
“savings up to 30 percent” after a survey showed a range of savings from 2 to 30 percent
below average prices for selected items. b. A radio station broadcasts the following message
during a syndicated rating service’s rating p

How do propositions and hypotheses differ?

Why do causal designs rely so much on quantitative research techniques?

How do concepts differ from variables?

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1. Many people in minority groups, including African Americans, Hispanic Americans, Asian
Americans, and Native Americans, do not invest. What exploratory research should Edward
Jones do to develop business with these minority markets? 2. Another group with low investment
activity includes those who stopped their educa

’NET Suppose you owned a jewelry store in Denton, Texas. You are considering opening a
second store just like your current store. You are undecided on whether to locate the new store in
another location in Denton, Texas, or in Birmingham, Alabama. Why would you decide to have
some research done before making the deci

Define unit of analysis in a marketing research context.

’NET how might the following organizations use an Internet chat room for exploratory
research? a. A provider of health benefits b. A computer software manufacturer c. A video game
manufacturer

What actions might the business research industry take to convince the public that research is a
legitimate activity and that firms that misrepresent their intentions and distort findings to achieve
their aims are not true research companies?

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’NET The Logic of Scientific Discovery is an important theoretical work. Visit The Karl
Popper Web site at elm.eeng.dcu. ie/~tkpw/ to learn about its author and his work.

What are the basic orientations of qualitative research?

What type of operational questions could a delivery firm like FedEx expect to automate with the
company’s decision support system?

What is a decision statement? How does the focus on an irrelevant decision affect the research
process?
Interview two people about their exercise behavior. In one interview, try to use a semi-structured
approach by preparing questions ahead of time and trying to have the respondent complete
answers for these questions. With the other, try a conversational approach. What are the main
themes that emerge in each? Which appr

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Name several nonbusiness applications of survey research.

What is push technology?

Why is the “define research objectives” of the research process probably the most
important stage?

Consider the following list, and indicate and explain whether each best fits the definition of a
problem, opportunity, or symptom: a. A 12.5 percent decrease in store traffic for a children’s
shoe store in a medium-sized city mall. b. Walmart’s stock price has decreased 25 percent
between 2007 and 2009. c. A furnit

Evaluate the following statements of business research problems. For each provide a decision
statement and corresponding research objectives: a. A farm implement manufacturer: Our
objective is to learn the most effective form of advertising so we can maximize product line
profits. b. An employees’ credit union: Our

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’NET Go to Statistics Norway at www.ssb.no. What data, if any, can you obtain in English?
What languages can be used to search this Web site? What databases might be of interest to the
business researcher?

A researcher tells a manager of a wine company that he has some “cool focus group
results” suggesting that respondents like the idea of a screw-cap to top wine bottles. Even
before the decision maker sees the report, the manager begins purchasing screw-caps and the
new bottling equipment. Comment on this situation.

Critique this situation with respect to Barton’s job. What recommendations would you have
for him? Should the company get involved with the research? Explain your answers. Barton
Boomer, director of marketing research for a large research firm, has a bachelor’s degree in
marketing from Michigan State University. H

Secondary data have been called the first line of attack for business researchers. Discuss this
description.

Suppose a GIS research firm is approached by the state legislature and asked to provide data
about vehicle movement within the state for all cars with a satellite tracking mechanism. Based
on the movement of the cars over a certain time, the police can decide when a car was speeding.
They intend to use this data to sen

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What is a situation analysis? How can it be used to separate symptoms from actual problems?

For each of the following variables, explain why it should be considered either continuous or
categorical: a. Whether or not a university played in a football bowl game during 2006 b. The
average wait time a customer has before being served in a full-service restaurant c. Letter grades
of A, B, C, D, or F d. The job sa

’NET Examine the Web site for International Communications Research (icrsurvey.com).
What services do they seem to offer that fall into the problem-definition process?

What problems do research directors face in their roles as managers?

How might a researcher doing a job for a company such as Pulte Homes (www.pultehomes.com)
or David Weekley Homes (www.davidweekley.com) use secondary data and data mining?

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’NET Imagine the data collected by eBay each day. List at least five types of data that are
collected through the daily operations. Describe each in terms of it illustrating data, information,
or intelligence. Make sure you list at least one of each.

What is self-selection bias? How might we avoid this?

What type of research design would you recommend in the situations below? For each applied
business research project, what might be an example of a “deliverable”? Which do you
think would involve actually testing a research hypothesis? a. The manufacturer of flight
simulators and other pilot training equipment wish

A newspaper reporter finds data in a study that surveyed children that reports a high percentage
of children can match cartoon characters with the products they represent. For instance, they can
match cereal with Captain Crunch and Ronald McDonald with a Big Mac. The reporter used this
to write a story about the need t

Define problem recognition. How is this process like translating text from one language into
another? What role does “probing” play in this process?

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What makes a decision support system successful?

Define research project and research program. Referring to the question immediately above, do
you think a research project or a research program is needed to provide useful input to the
Auchan decision makers?

Find the following data in the Survey of Current Business: a. U.S. gross domestic product for the
first quarter of 2006 b. Exports of goods and services for the fourth quarter of 2006 c. Imports of
goods and services for the fourth quarter of 2006

Comment on the following remark by a business consultant: “Qualitative exploration is a tool

of research and a stimulant to thinking. In and by itself, however, it does not constitute business
research.”

What is laddering? How might it be used in trying to understand which fast-food restaurant
customers prefer?

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What are the key differences between a focus group interview and a depth interview?

What are the characteristics of useful information?

1. What are the top three key decisions faced by Joe? 2. What are the key deliverables that an
outside researcher should produce to help Joe with the key decisions? 3. How relevant are the
coffee taste studies cited above? Explain. 4. What flaws in the coffee taste studies should Joe
consider in trying to weigh the mer

What are some theories offered to explain aspects of your field of business?

’NET The Chapter Vignette briefly introduced Attribution Theory. Do a Web search
regarding Attribution Theory and identify the key characteristics of this theory.

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What are the three types of business research? Indicate which type each item in the list below
illustrates. Explain your answers. a. Establishing the relationship between advertising and sales
in the beer industry b. Ranking the key factors new college graduates are seeking in their first
career position c. Estimating

Comment on the following situation: A product manager asks the research department to forecast
costs for some basic ingredients (raw materials) for a new product. The researcher asserts that
this is not a research job; it is a production forecast.

Define qualitative and quantitative research. Compare and contrast the two approaches.

What would be a source for the following data? a. Population, average income, and employment
rates for Oregon b. Maps of U.S. counties and cities c. Trends in automobile ownership d.
Divorce trends in the United States e. Median weekly earnings of full-time, salaried workers for
the previous five years f. Annual sales

1. What qualitative research tool(s) would you recommend be used and why? 2. Where would
you conduct any interviews and with whom would you conduct them? 3. Are there ethical issues
that you should be sensitive to in this process? Explain. 4. What issues would arise in conducting
a focus group interview in this situati

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Go back to the opening vignette. What if Vans approached you to do a focus group interview that
explored the idea of offering casual attire (off-board) aimed at their primary segment
(skateboarders) and offering casual attire for male retirees like Samuel Teel? How would you
recommend the focus group(s) proceed? Prepar

Find the mission statement of Burke, Inc. (www.burke. com). What career opportunities exist at
Burke? Would you consider it a small, mid-sized, or large firm?

What is data warehousing?

What is the difference between ethical relativism and ethical idealism? How might a person with
an idealist ethical philosophy and a person with a relativist ethical philosophy differ with respect
to including a sales pitch at the end of a research survey?

List and describe four factors that influence how difficult the problem-definition process can be.

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’NET What is the difference between the Internet and an intranet?

What might the organizational structure of the research department be like for the following
organizations? a. A large advertising agency b. A founder-owned company that operates a 20-
unit restaurant chain c. Your university d. An industrial marketer with four product divisions e. A
large consumer products company

Based on the case scenario described throughout this chapter, prepare a research proposal that
addresses this situation.

What is a conflict of interest in a research context? How can such conflicts of interest be
avoided?

A packaged goods manufacturer receives many thousands of customer letters a year. Some are
complaints, some are compliments. They cover a broad range of topics. Are these letters a
possible source for exploratory research? Why or why not?

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What are the major components of a research proposal? How does a research proposal assist the
researcher?

The seventeenth-century Dutch philosopher Benedict Spinoza said, “If the facts conflict with
a theory, either the theory must be changed or the facts.” What is the practical meaning of this
statement?

How should a researcher help top management better understand the functions and limitations of
research?

What is the difference between research and pseudo-research? Cite several examples of each.

What is the key question distinguishing relevant data from irrelevant data?

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1. What is a decision support system? What advantages does a decision support system have for
a business like the Harvard Cooperative Society? 2. How would the decision support system of a
business like the Harvard Cooperative Society differ from that of a major corporation? 3. Briefly
outline the components of the Har

A business researcher gives a presentation to a music industry executive. After considering the
results of a test-market examining whether or not lowering the price of in-store CDs will lower
the number of illicit downloads of the same music, the executive claims: “The test-market
was conducted in eight cities. In tw

You have been hired by a group of hotel owners, restaurant owners, and other people engaged in
businesses that benefit from tourism on South Padre Island, Texas. They wish to learn how they
can attract a large number of college students to their town during spring break. Define the
marketing decision statement.

Any significant business decision requires input from a research project. Write a brief essay
either defending this statement or refuting it.

Why do exploratory research designs rely so much on qualitative research techniques?

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What are business ethics? How are ethics relevant to research?

1. Write a decision statement for Raising Cane’s. 2. Write corresponding research objectives
and research questions. 3. What role would a proposal play in assisting this research effort and in
assisting Cane’s in improving their business situation? Raising Cane’s is a fast-food
chicken finger establishment based
Define business opportunity, business problem, and symptoms. Give an example of each as it
applies to a university business school.

Describe the type of research evidence that allows one to infer causality.

What is the difference between data, information, and intelligence?

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Identify some typical research objectives for secondary-data studies.

What are three types of gaps that exist, indicating that research may be needed to assist a
business in making some decision?

What are the conditions that make in-house research preferable? What are the conditions that
make outside research preferable?

What types of databases might be found in the following organizations? a. Holiday Inn b. A
major university’s athletic department c. Anheuser-Busch

’NET Where could a researcher working for the U.S. Marine Corps (www.marines.com) find
information that would identify the most productive areas of the United States in which to
recruit? What would you recommend?

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Compare and contrast deductive logic with inductive logic. Give an example of both.

List and describe at least four terms that can describe the nature of a variable.

Comment on the following statements and situations: a. “The best researchers are prepared to
rethink and rewrite their proposals.” b. “The client’s signature is an essential element of
the research proposal.”

List five ways that business research can contribute to effective business decision making.

What type of exploratory research would you suggest in the following situations? a. A product
manager suggests development of a nontobacco cigarette blended from wheat, cocoa, and citrus.
b. A research project has the purpose of evaluating potential names for a corporate spin-off. c. A
human resource manager must deter

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What key questions help resolve the question of whether or not research participants serving as
subjects in an experiment are treated ethically?
The chapter provides an example dummy table for the Deland Trucking vignette. Provide
another example dummy table that corresponds to this same situation.

What is an experimental manipulation? A business researcher is hired by a specialty retail firm.

The retailer is trying to decide what level of lighting and what temperature it should maintain in
its stores to maximize sales. How can the researcher manipulate these experimental variables
within a causal design?

What does the statement “There is nothing so practical as a good theory” mean? Do you
agree with this statement?

We introduced the scientific method in Chapter 3. Do the stages in the research process
discussed here seem to follow the scientific method?

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What obligations does a researcher have with respect to confidentiality?

Write at least three examples of hypotheses that involve a managerial action statement. Provide a
corresponding decision statement for each.

Suppose you wish to learn about the size of the soft-drink market, particularly root beer sales,
growth patterns, and market shares. Indicate probable sources for these secondary data.

1. Evaluate the problem-definition process. Has the problem been defined adequately so that a
relevant decision statement can be written? 2. What research questions might be tested? 3. What
might a dummy table include in this research proposal? In the 1990s, a task force was formed
among executives of seven regional t

Use secondary data to learn the size of the U.S. golf market and to profile the typical golfer.

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From the following, calculate what amount Blue Co. can expect to receive from Frost
Foundation with respect to invoice No. 6051, dated March 5, 2015. The total was $4,600 and
terms are 3% 15 days, net 45 days. On March 7, credit memorandum No. 103 was issued to Frost
Foundation in the amount of $500 for some minor dama

Why is the inhalation of automobile exhaust fumes life-threatening? Explain the physiology
involved.

Zeus, Inc. produces a product that has a variable cost of $9.50 per unit. The company's fixed
costs are $40,000. The product sells for $12.00 a unit and the company desires to earn a $20,000
profit. What is the volume of sales in units required to achieve the target profit? (Do not round
intermediate calculations.) a.
Lewis Loh has asked you to prepare a balance sheet as of April 30, 2016, for Loh's Database
Service of Orillia. Lewis Loh, Capital ........................ $49,000 Accounts
Payable ........................... 34,000 Equipment ................................... 26,000
Building .....................................

Explain the difference between payee, drawer, and drawee?

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From the following account balances for June 2016, prepare in proper form (a) An income
statement, (b) A statement of owner's equity, and (c) A balance sheet for French Realty.

You are considering two loans. The terms of the two loans are equivalent with the exception of
the interest rates. Loan A offers a rate of 7.75 percent, compounded daily. Loan B offers a rate of
8 percent, compounded semi-annually. Which loan should you select and why? A. the annual
percentage rate is 7.68 percent. B

Why might increasing taxes as a fiscal policy be a more difficult policy than the use of monetary
policy to slow down an economy experiencing inflation? A. The legislative process works
quickly. B. The economy may have already slowed. C. The legislative process experiences
longer delays than monetary policy. D. The

"This American Life" is a American Public Media radio program conceived, produced. Written,
and performed by Ira Glass. In 2012, Episode 454. "Mr. Daisey and the Apple Factory,"
chronicled the investigation of Apples Foxconn factory in China by author and monologist Mike
Daisey. The episode ran portions of Daisey's mon

Please refer to the information contained in the question 6-5B above. During August 2017,
Airwell Company deposited four cheques and made one additional deposit as follows: Refer to
the information in the question 6-5B, Enter each of the following invoices into a multicolumn
Sales Journal. Airwell Company sells three

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You were told that the amount of time lapsed between consecutive trades on the New York Stock
Exchange followed a normal distribution with a mean of 15 seconds. You were also told that the
probability that the time lapsed between two consecutive trades to fall between 16 to 17 seconds
was 13%. The probability that the

Mary Rose Co. bought merchandise with a list price of $4,000. Mary's company was entitled to a
30% trade discount as well as a 3% cash discount. What was the actual cost of buying this
merchandise after the cash discount?

Which one of the following statements is correct with regard to property loss exposures? 1.
Homes can be grouped into classes that face essentially the same loss potential. 2. Commercial
property exposures are easier to group into classes than individual homes. 3. When insuring
homes, insurers need not avoid excessi

From the following facts, calculate what Adam Dell must pay Black Co. for the purchase of a
bedroom set. Sale terms are 2/10, n/30. a. Invoice price before tax, $5,000, dated April 5. b.
Returned one defective end table for credit of $400 on April 8. c. Paid bill on April 13?

Your company is considering expanding its warehouse facility in Memphis, Tennessee. The
expansion will cost $50,000 and will be depreciated as a 7-year MACRS asset for ten years.
What is the depreciation expense for Year 3? For Year 7? For year 10?

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Write SQL statements to create a table EMPLOYEE_BACKUP to back up the EMPLOYEE

table shown in Figure 5.6. Figure 5.6 One possible database state for the COMPANY relational
database schema EMPLOYEE

June Devlin operates a Water Bottling Service in Yellowknife. All transactions requiring the
payment of cash are recorded in the cash payments journal (page 14). The account balances as of
May 1, 2016, are as follows: Accounts Payable Ledger Name ______________________
Balance Mansard Co. ..................... $3,27

In April 2016, Jack Lang opened a new cleaning service in Victoria. Please assist him by
journalizing the following business transactions: 2016 Apr. 1 Jack Lang invested $6,000 worth
of cleaning equipment as well as $3,000 cash in the new business. ....... 2 Purchased cleaning
supplies on account from Rex Co., $500.

1. Why do you suppose that firms in Arctic nations are already developing specialized tanker
ships and platforms for use in privately accessible Arctic areas? 2. What are possible opportunity
costs of opening Arctic lands to private extraction of as-yet unavailable resources endowments?

Jack James decided to open an editing service in Vernon. Record the following transactions in
the transaction analysis charts: A. Jack invested $3,500 in the editing service from his personal
savings account. B. Purchased office equipment on account, $1,875. C. Rent expense was due
but not yet paid, $425. D. Perfor

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Which one of the following should earn the most risk premium based on CAPM? a. Diversified
portfolio with returns similar to the overall market b. Stock with a beta of 1.38 c. Stock with a
beta of 0.74 d. U.S. Treasury bill e. Portfolio with a beta of 1.01?

Refer to the worksheet for Chalke's Computer Repair Service of Brandon on page 229. The
beginning balances (from the trial balance column) in each account are already entered in your
working papers. Refer to page 229, CHALKE'S COMPUTER PREPAIR SERVICE
WORKSHEET NOVEMBER 30, 2015 a. Journalize and post adjusting an

On July 10, 2017, Huston Co. issued debit memorandum No. 1 for $600 to Park Co. for
merchandise returned from invoice No. 731. Your task is to journalize, record, and post this
transaction as appropriate. Use the same account numbers as found in the text for Art's Clothing
Company. The general journal page is page 1?

As the new accountant for Mary's Card House in Halifax, your task is to: a. Journalize the
transactions for the month of March. b. Record in subsidiary ledgers and post to the general
ledger as appropriate. c. Total, rule, and cross-add the journals. d. Prepare a schedule of accounts
receivable and a schedule of ac

Please complete a partial worksheet up to the adjusted trial balance for CJ's Mountain Safety
Training of Banff, using the following adjustment data and trial balance: a. Supplies on hand,
$1,605 b. Depreciation taken on equipment, $265 CJ'S MOUNTAIN SAFETY TRAINING
TRIAL BALANCE DECEMBER 31, 2017

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You are in charge of managing a local softball team, one in which there is a lot of turnover.
While you have a couple of regulars, much of the team members come and go frequently. When
it comes to organizing games, it is becoming more and more difficult to keep track of the current
members, so you decide to write a sma

You have a choice between a​ 30-year fixed rate loan at 3.5​% and an adjustable rate
mortgage​ (ARM) with a first year rate of 2​%. Neglecting compounding and changes in​
principal, estimate your monthly savings with the ARM during the first year on a $225,000 loan.
Suppose that the ARM rate rises to 10.5​%

On June 2, 2017, Betty Rice opened Betty's Art Studio in Toronto. The following transactions
occurred in June: 2017 June .... 2 Betty Rice invested $12,000 in the art studio. ........... 3 Paid
three months' rent in advance, $1,200. .......... 4 Purchased $600 worth of equipment from Astor
Co. on account. ........

Amy Burke recently opened a gift store in Shelburne. As the bookkeeper of her shop, journalize,
record, and post when appropriate the following transactions (account numbers are: Store
Supplies, 124; Store Equipment, 150; Accounts Payable, 211; Purchases, 500): 2016 Mar. 2
Bought merchandise on account from Whalen Co

Write a procedure named Str_remove that removes n characters from a string. Pass a pointer to
the position in the string where the characters are to be removed. Pass an integer specifying the
number of characters to remove. The following code, for example, show how to remove "xxxxx"
from target: .data target BYTE "ab
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Leroy Greene of Vancouver decided to open his own training services company at the end of
October. Analyze the following transactions by recording their effects in the expanded
accounting equation. A. Leroy invested $9,000 in the company. B. Purchased new office
equipment on account, $4,250. C. Received cash for ser

Xavier Corporation plans to purchase a new machine to replace an older machine on its assembly
line. The new machine's purchase price is $500,000, and it will cost $75,000 to have the new
machine shipped and installed. The old ma-chine, which is fully depreciated, can be sold to
another company for $45,000. The new mac

From the following account balances for June 2016, prepare in proper form (a) An income
statement, (b) A statement of owner's equity, and (c) A balance sheet for French Realty.

Wilson Chan has just taken over a business started by his aunt in Sarnia, Ontario, and moved the
company to Regina, Saskatchewan. The company is called Chan's Imported Technology (CIT for
short) and has all new customers in the Regina region. CIT specializes in the sale of three types
of advanced electronic devices: ce

No major observatory has a Newtonian reflector as its primary instrument, whereas Newtonian
reflectors are extremely popular among amateur astronomers. Explain why this is so.

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In this assignment, you are writing a program that converts common texting abbreviations to
English words to allow people like yours truly can understand. For the assignment, you are
provided with a .txt file, called TextroEnglish.txt, that provides the abbreviations and their
English translation. The file contains G-

Please refer to the information contained in the question 6-5A above. During August, 2017,
Airwell Company deposited four cheques and made one additional deposit as follows: Refer to
the information in question 6-5A, Enter each of the following invoices into a multicolumn sales
journal. Airwell Company sells three ki

The following transactions occurred in June 2015 for A. French Placement Agency of
Fredericton: 2015 June .... 1 A. French invested $9,000 cash in the placement agency. ...........1
Bought equipment on account from Hook Co., $2,000. ...........4 Earned placement fees of $1,600,
but payment will not be received unti

Which of the following would most likely be classified as a current liability? a. Two-year notes
payable. b. Bonds Payable. c. Mortgage payable. d. Unearned Rent.

You have just accepted your first job out of college, which requires you to evaluate loan requests
at Beach Front National Bank. The first loan request you receive is from Surfer Dude
Enterprises, a small proprietorship. Marty Monroe, the owner, is requesting $75,000 and brings
you the following trial balance (or State

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Please refer to problem 6-C3. The sales data listed there form the basis for much of this problem.
Refer to problem 6-C3, Martha Kuerti has started up a new company called Calgary Camera
Company (CCC for short) in the Calgary region. CCC specializes in the sale of four types of
cameras to customers in "industrial" se

Peter Daly operates a photo printing centre in Whitehorse. All transactions requiring the payment
of cash are recorded in the cash payments journal (page 5). The account balances as of May 1,
2016, are as follows: Accounts Payable Ledger Name _______________ Balance Chedd
Co. .................. $2,400 Marrk Co. ...

On January 11, 2016, Glassiere Co. sold a Model 3146 home theatre equipment cabinet to the
HLJ Company on invoice No. 3275. The unit has a list price of $3,800 and this customer
receives a trade discount of 40%. All sales invoices are sold on terms of 2% 10 days, net 30. Due
to a manufacturing defect, the colour of the

From the following T accounts of Linda's Consulting Service of Taber, (a) Record and foot the
balances on the appropriate pages in the Study Guide with Working Papers, and (b) Prepare a
trial balance for October 31, 2017.

From the following, calculate what amount Blue Co. can expect to receive from Frost
Foundation with respect to invoice No. 6051, dated March 5, 2015. The total was $3,200 and
terms are 3% 15 days, net 45 days. On March 7, credit memorandum No. 103 was issued to Frost
Foundation in the amount of $400 for some minor dama

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Mary Rose Co. bought merchandise with a list price of $6,000. Mary's company was entitled to a
30% trade discount as well as a 2% cash discount. What was the actual cost of buying this
merchandise after the cash discount?

Super Sweets of Edmonton, owned and operated by Jennifer Blanca, uses a purchases journal
(page 15) and a general journal (page 3) to record the following transactions (continued from
July): 2017 Aug. 5 Purchased merchandise on account from Bakker Co., invoice No. 2467, dated
August 4, terms 2/10, n/60, $1,637.45. 9

Liz Ames owns Fancy Writing Supply Co. in Moncton. As her newly hired accountant, your task
is to: a. Journalize the following transactions for the month of May. b. Record in subsidiary
ledgers and post to the general ledger as appropriate. c. Total, rule, and cross-add the various
journals. d. Prepare a schedule o
Please refer to problem 6-B3. The sales data listed there form the basis for much of this problem.
problem 6-B3, Wilson Chan has just taken over a business started by his aunt in Sarnia, Ontario,
and moved the company to Regina, Saskatchewan. The company is called Chan's Imported
Technology (CIT for short) and has al

You are given a solution of the following cations in water: Ag+, Co2+, Ba2+, Zn2+, and Sn2+.
You want to separate the ions out one at a time by precipitation using the following reagents:
NaF, NaI, Na2SO4, and NaCl. a. In what order would you add the reagents to ensure that only
one cation is precipitating out at a ti

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Yasmeen purchases stock on January 30, 2014. If she wishes to achieve a long-term holding
period, she will have to wait until at least to sell the stock. January 20, 2015 January 31, 2015
February 1, 2015 July 31, 2014 July 30, 2014

On July 8, 2017, Huston Co. issued debit memorandum No. 1 for $400 to Park Co. for
merchandise returned from invoice No. 709. Your task is to journalize, record, and post this
transaction as appropriate. Use the same account numbers as found in the text for Art's Clothing
Company. The general journal page is page 1?

______ refers to any work done for a company by people other than the company's employees
and the country in which company located. A. off shoring B. Outsourcing C. In-house

Your company plans to acquire one of two assets. Assets A cost $162,500, and has expected
annual cash savings of $37.500. Assets B cost $225,000 and has expected annual cash saving of
$77,500. You'll use straight- line depreciation for both assets of zero. Your minimum desired rate
of return is 14%, and the present val

Janet Fox, President of Angel Co., went to a tax seminar. One of the speakers at the seminar
advised the audience to put off showing expenses until next year because doing so would allow
them to take advantage of a new tax law. When Janet returned to the office, she called in her
accountant, Frieda O'Riley. She told Fr

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As the accountant of Sara's Cupcakes of Cold Lake (a) Journalize the following transactions in
the purchases journal (page 10) or the general journal (page 2 ), (b) Record and post as
appropriate, and (c) Prepare a schedule of accounts payable. (Beginning balances are in your
working papers and in Problem 7A-2.) Re

The spreadsheet in Microsoft Excel file ChOlExOl_U7e.xlsx contains records of employee

activity on special projects. Open this workbook and examine the data that you find in the three
spreadsheets it contains. Assess the accuracy, relevancy, and sufficiency of this data to the
following people and problems. a. You man

From the purchases journal below, record in the accounts payable subsidiary ledger and post to
the general ledger accounts as appropriate.

On January 11, 2016, Glassiere Co. sold a Model 3146 home theatre equipment cabinet to the
HLJ Company on invoice No. 3275. The unit has a list price of $4,600, and this customer
receives a trade discount of 35%. All sales invoices are sold on terms of 2% 10 days, net 30. Due
to a manufacturing defect, the colour of th

Why is an attitudinal hazard more difficult to control? Give one example of carelessness or
indifference that could result in serious legal liability.

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Compare and contrast RAND's Six Steps (2005) and Leppitt's Integrated Model (2006). Be sure
to include an explanation of when an organization would prefer to use one model over the other
and the disadvantages of using each model.

Please refer to problem 6-A3. The sales data listed there form the basis for much of this problem.
Refer to Problem 6-A, Wilson Chan has just taken over a business started by his aunt in Sarnia,
Ontario, and moved the company to Regina, Saskatchewan. The company is called Chan's
Imported Technology (CIT for short) an

Why can radio astronomers observe at anytime of the day or night whereas optical astronomers
are mostly limited to observing at night?

Ely Goldman recently opened a specialty food store in Brantford. As the bookkeeper of his shop,
journalize, record, and post when appropriate the following transactions (account numbers are:
Store Supplies, 130; Store Equipment, 151; Accounts Payable, 210; Purchases, 510): 2017 June
3 Bought merchandise on account fro

Ely Goldman recently opened a specialty food store in Brantford. As the bookkeeper of his shop,
journalize, record, and post when appropriate the following transactions (account numbers are:
Store Supplies, 130; Store Equipment, 151; Accounts Payable, 210; Purchases, 510): 2017 June
2. Bought merchandise on account f

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Enter each of the following invoices into a multicolumn Sales Journal. Airwell Company sells
three kinds of machining equipment: lathes (L), milling (M), and surfacing (S). Terms are all 2%
10 days, net 30. Total all columns and cross-add the journal. Place appropriate account numbers
at the bottom of each column to sh
From the purchases journal below, record in the accounts payable subsidiary ledger and post to
the general ledger accounts as appropriate.

Given the following trial balance and adjustment data for The Debbie Rose Art Studio of
Richmond, your task is to prepare a worksheet for the month of November, the first month of
operations in a new fiscal year. THE DEBBIE ROSE ART STUDIO TRIAL BALANCE
NOVEMBER 30, 2015 Adjustment Data a. Painting supplies on han

Val McIntyre of Halifax established a graphics company. Record the following transactions for
Val in T account form. Label each entry with the letter of the transaction. A. Val McIntyre
invested $14,000 in the business from her personal bank account. B. Bought computer equipment
on account, $5,500. C. Business rende

Young Corp. hired Wilson as a sales representative for six months at a salary of $5,000 per
month plus 6% of sales. Which of the following statements is correct? A) Young does not have
the power to dismiss Wilson during the six-month period without cause. B) Wilson is obligated
to act solely in Young's interest in ma

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Why do policymakers want to keep inflation low? Who suffers when there is cyclical
unemployment?

Mary James owns Mary's Card House in Halifax. As her newly hired accountant, your task is to:
a. Journalize the following transactions for the month of March. b. Record in subsidiary ledgers
and post to the general ledger as appropriate. c. Total, rule, and cross-add the various journals. d.
Prepare a schedule of a

What are the equations illustrate the diazotiation of aniline and subsequent reaction with phenol;
with dimethylaniline?

Sara's Cupcakes of Cold Lake uses a purchases journal (page 10) and a general journal (page 2)
to record the following transactions (continued from April): 2016 May 8 Purchased merchandise
on account from Stanton Co., invoice No. 1416, dated May 6, terms 2/10, n/60, $900. 11
Purchased merchandise on account from Ken

Jill Martin of Regina opened Martin's Catering Service. As her accountant, analyze the
transactions listed below and present in proper form: 1. The analysis of the transactions by
utilizing the expanded accounting equation 2. A balance sheet showing the position of the firm
before opening on November 1, 2016? 3. An

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Why don't the formal financial statements contain debit or credit columns?
You hold some shares of BMW listed in Frankfurt. The share price is € 750, and a gross
dividend of € 30 is paid. The current exchange rate is 1.15 $/ € . The German government
imposes a 15% withholding tax on dividends paid to U.S. investors. Your marginal tax rate is
30%. a. What dividend per share will you rece

Which of the following is not part of an oligopoly? A) Setting the product ʹ s price after
considering what rivals will do B) Determining the amount of advertising a new product needs
C) Deciding the level of total output of a new product D) Dominating market by few players
(Supplier)

Ruth Jones began a new business called RJ Graphics, located in Moncton. The following
transactions resulted: A. Ruth invested $10,500 cash from her personal bank account in the
graphics company. B. Bought computer equipment on account, $4,500. C. Paid $2,500 cash to
reduce what was owed from Transaction B. D. Purc

Wilson Chan has just taken over a business started by his aunt in Sarnia, Ontario, and moved the
company to Regina, Saskatchewan. The company is called Chan's Imported Technology (CIT for
short) and has all new customers in the Regina region. CIT specializes in the sale of three types
of advanced electronic devices: ce

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Write the structures of the following compounds: (a) Butyldiethylammonium bromide (b)
Tetrabutylammonium hydroxide (c) Propylammonium iodide (d) Isopropylmethylammonium
chloride

1. Why might federal spending on roads, waterways, or national security be less subject to direct
expenditure offsets than spending on health care or education? 2. What might account for the fact
that estimates of effect time lags for fiscal policy often differ considerably across different types
of government expendi

On March 2, 2016, the accountant for Bergen Carpet Co. of Edmonton was injured in a skiing
accident and was advised not to return to work for six weeks. The owners of the company are
anxious to ensure that the company's bank statement is reconciled and have asked you to perform
this task. You are presented with the fol

Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing.
Accounting records at Yarmouth show the following information for Finishing operations for
February (no new material is added in the Finishing Department): WIP inventory-Finishing
Beginning inventory (10,700 units, 20% complete wit

You want to estimate the proportion of individuals in your area who think the public school
system needs major overhauling. If you believe the proportion will be about 35%, how many
individuals will you need to sample if you want a 95% margin of error to be no more than 3%? at
least 30 at least 1068 at least 972

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Why do we need the Accumulated Depreciation account?

Which one of the following would be a bullish signal to a technical analyst using moving
average rules? a. A stock price crosses above its 52-week moving average. b. A stock price
crosses below its 52-week moving average. c. The stock's moving average is increasing. d. The
stock's moving average is decreasing?

You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the
reunion your brother gave you a check for the stock and you gave your brother the stock
certificates. Which of the following best describes this transaction? a. This is an example of a
direct transfer of capital. b. This is a

Modify MEMOIZED-CUT-ROD to return not only the value but the actual solution, too. The
Fibonacci numbers are defined by recurrence (3.22). Give an 0(n)-time dynamic-programming
algorithm to compute the nth Fibonacci number. Draw the subproblem graph. How many
vertices and edges are in the graph?

Enter each of the following invoices into a multicolumn sales journal. Airwell Company sells
three kinds of machining equipment: lathes (L), milling (M), and surfacing (S). Terms are all 2%
10 days, net 30. Total all columns and cross-add the journal. Place appropriate account numbers
at the bottom of each column to sh

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Peter Daly operates a photo printing centre in Whitehorse. All transactions requiring the payment
of cash are recorded in the cash payments journal (page 5). The account balances as of May 1,
2016, are as follows: Accounts Payable Ledger Name _______________ Balance Chedd
Co. ................. $2,400 Marrk Co. ....

Zippy is earning $25,000 per year working for Joe's car repair. He also has a savings of 100,000,
on which he is earning 10% annual interest. He decides to leave. In the first year, Zippys earns
revenues of 200,000 and has explicit costs of 150,000. What is zippy's economic profit (or loss)
in the first year?

Why are miniaturized identification systems used in clinical microbiology? Describe one such
system and its advantage over classic dichotomous keys.

Why is the price elasticity of demand a relative measure? That is, why is elasticity measured in
percentage terms rather than absolute terms? 1. So the coeffecient of elasticity will not be