Questions from General Accounting

Q: Christian Children’s Fund, Inc. (CCF), established in 1938

Christian Children’s Fund, Inc. (CCF), established in 1938, is an international, nonsectarian, nonprofit organization dedicated to assisting children. With program offices around the...

Q: You are manager of a painting department of a large office complex

You are manager of a painting department of a large office complex. The painting department is responsible for painting the buildings’ exteriors and interiors. Your performance is judged in part on mi...

Q: Aurora Medical Center (AMC), located outside Phoenix, has an

Aurora Medical Center (AMC), located outside Phoenix, has an inpatient hospital and outpatient clinic. Because it is located in a retirement area, a substantial fraction of its patients are elderly, a...

Q: Hallsite Imaging produces hardware and software for imaging the structures of the

Hallsite Imaging produces hardware and software for imaging the structures of the human eye and the optic nerve. Hallsite systems are in most major medical centers and leading ophthalmology clinics. H...

Q: Sanjog and Rajiv Gupta have started a business that manufactures and sells

Sanjog and Rajiv Gupta have started a business that manufactures and sells thermal mugs. Users personalize the mugs by plugging them into a laptop and downloading their favorite images from a digital...

Q: Mutual Fund Company (MFC) is considering centralizing its overnight mail

Mutual Fund Company (MFC) is considering centralizing its overnight mail function. Five departments within MFC use overnight mail service: trades processing, trades verifications, securities processin...

Q: Eastern University faces a shortage of parking spaces and charges for parking

Eastern University faces a shortage of parking spaces and charges for parking. For nearby parking (e.g., behind the business school), faculty and staff pay $180 per year. Parking in lots Z and B, whic...

Q: A home identical to yours in your neighborhood sold last week for

A home identical to yours in your neighborhood sold last week for $150,000. Your home has a $120,000 assumable, 8 percent mortgage (compounded annually) with 30 years remaining. An assumable mortgage...

Q: Wujo is a Shanghai company that designs high-end software to

Wujo is a Shanghai company that designs high-end software to enhance and edit digital images. Its software, EzPhoto, is more powerful and easier to use than Adobe Photoshop, but sells at a much lower...

Q: Old Rosebud is a Kentucky horse farm that specializes in boarding thoroughbred

Old Rosebud is a Kentucky horse farm that specializes in boarding thoroughbred breeding mares and their foals. Customers bring their breeding mares to Old Rosebud for delivery of their foals and after...