Question: Roland’s Overhead Doors reports the following

> Compare and contrast a job offer letter and a contract, and discuss the basic components of each.

> The PHR and SPHR Knowledge Base appendix at the end of this book (pages 468–476) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource management (such as in strategic management, workforce plan

> Explain how you would conduct a job analysis.

> List, with examples, the main generic types of corporate strategies and competitive strategies.

> Working individually or in groups, develop a list showing how trends such as workforce diversity, technological trends, globalization, and changes in the nature of work have affected the college or university you are now attending or in the organization

> Laurie Siegel, senior vice president of human resources for Tyco International took over her job in 2003, just after numerous charges forced the company’s previous board of directors and top executives to leave the firm. Hired by new CEO Edward Breen, Si

> Based on the information in this case, provide examples, for Siemens, of at least four strategically required organizational outcomes, and four required workforce competencies and behaviors.

> Make a list of five specific HR problems you think Carter Cleaning will have to grapple with.

> Explain how you would write a task statement, say for a police officer.

> Create an Accenture-type grid for your place of work or college, showing how you would segment employees into four groups.

> Explain how to install a performance management program.

> What sort of training program would you recommend to avoid such cultural insensitivity?

> Give some examples of how interest inventories could be used to improve employee selection. In doing so, suggest several examples of occupational interests that you believe might predict success in various occupations, including college professor, accoun

> Briefly discuss and give examples of at least five common interviewing mistakes. What recommendations would you give for avoiding these interviewing mistakes?

> Describe the types of information typically found in a job specification.

> The HRCI Knowledge Base appendix at the end of this book (pages 468–476) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource management (such as in strategic management, workforce planning, an

> Explain with examples each of the seven steps in the strategic planning process.

> Assume you are the manager in a small restaurant; you are responsible for hiring employees, supervising them, and recommending them for promotion. Working individually or in groups, compile a list of potentially discriminatory management practices you sh

> What important precedents were set by the Griggs v. Duke Power Company case?

> What is organizational development and how does it differ from traditional approaches to organizational change?

> Illustrate examples of segmenting and actively managing a company’s talent.

> The accountant for Countryside Painting Specialists is having a hard time preparing the trial balance as of November 30, 2018: Prepare the corrected trial balance as of November 30, 2018. Assume all amounts are correct and all accounts have normal bala

> Courtney Meehan has trouble keeping her debits and credits equal. During a recent month, Courtney made the following accounting errors: a. In preparing the trial balance, Courtney omitted a $5,000 Notes Payable. The debit to Cash was correct. b. Courtne

> The T-accounts of McMahon Farm Equipment Repair follow as of May 31, 2018. Prepare McMahon Farm Equipment Repair’s trial balance as of May 31, 2018. ASSETS UABILITIES EQUITY Contributed Capital Retained Earnings Cash Salaries Paya

> The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. Prepare Anderson’s trial balance as of August 31, 2018. Common Stock $ 49,800 Trucks

> In December 2018, the first five transactions of Abling’s Lawn Care Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry.

> The first nine transactions of North-West Airplane Repair have been posted to the T-accounts. Provide an explanation for each of the nine transactions.

> The following transactions occurred for Wilke Technology Solutions: Journalize the transactions of Wilke Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepa

> The following transactions occurred for Lawrence Engineering: Requirements: 1. Open the following T-accounts for Lawrence Engineering: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Serv

> The following transactions occurred for Lawrence Engineering: Journalize the transactions of Lawrence Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accoun

> As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation for the following transactions: a. Debit Equipment and credit Cash. b. Debit Dividends and credit Cash. c. Debit Wages Payable

> What does the going concern assumption mean for a business?

> Insert the missing information into the accounting equation. Signify increases as Incr. and decreases as Decr. LIABILITIES (b) Contributed Capital Retained Earnings ASSETS (C) + Common Stock (d) Revenues Expenses (m) Decr. (e) Debit Decr. (n) (f) In

> a. Interest Revenue b. Accounts Payable c. Common Stock d. Office Supplies e. Advertising Expense f. Unearned Revenue g. Prepaid Rent h. Utilities Expense i. Dividends j. Service Revenue Requirements: 1. Identify each account as asset (A), liability (L)

> John Hart, M.D., reported the following trial balance as of September 30, 2018: Calculate the debt ratio for John Hart, M.D. JOHN HART M.D. Trial Balance September 30o, 2018 Balance Account Title Debit Credit Cash $ 30,000 Accounts Receivable 7,900

> For each transaction, identify a possible source document. a. The business received $20,000 cash and issued common stock to stockholders. b. Purchased office supplies on account, $500. c. Recorded $1,000 revenue for services rendered to customers.

> Raymond Autobody Shop has the following accounts: Accounts Payable …………………………………………………………………………….Service Revenue Cash …………………………………………………………..…………………………………………….Equipment Utilities Expense …………………………………………….…………………………………..Common Stock Automotive Supplies

> Match the accounting terms with the corresponding definitions. 1. Posting a. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period 2. Account 3. Debit b. The record holding al

> The following transactions occurred during the month for Teresa Parker, CPA: Requirements: 1. Open the following four-column accounts of Teresa Parker, CPA: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Office Furniture, 140; Accounts Paya

> The following transactions occurred for Wilke Technology Solutions: Requirements: 1. Open four-column accounts using the following account numbers: Cash, 110; Accounts Receivable, 120; Office Supplies, 130; Prepaid Advertising, 140; Land, 150; Building

> Better Days Ahead, a charitable organization, has a standing agreement with First National Bank. The agreement allows Better Days Ahead to overdraw its cash balance at the bank when donations are running low. In the past, Better Days Ahead managed funds

> Your friend, Dean McChesney, requested that you advise him on the effects that certain transactions will have on his business, A-Plus Travel Planners. Time is short, so you cannot journalize the transactions. Instead, you must analyze the transactions wi

> A business purchases an acre of land for $5,000. The current market value is $5,550, and the land was assessed for property tax purposes at $5,250. What value should the land be recorded at, and which accounting principle supports your answer?

> Problem P2-42 continues with the company introduced in Chapter 1, Canyon Canoe Company. Here you will account for Canyon Canoe Company’s transactions as it is actually done in practice. Begin by reviewing the transactions from Chapter 1

> In 35 words or fewer, explain the difference between a debit and a credit, and explain what the normal balance of the six account types is.

> Starbucks Corporation is the premier roaster, marketer, and retailer of specialty coffee in the world, operating in 68 countries. Starbucks generates revenues through company-operated stores, licensed stores, and consumer packaged goods. In 2015, Revenue

> Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: Prepare the balance sheet of Centerpiece Arrange

> Elaine’s Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine’s Inflatables is organized as a corporation. During the past month, Elaine’s Inflatables had the following transactions: a. Received contrib

> Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a corporation. During the past month, Tiny Town Kennel has the following transactions: a. Received $520 cash for service revenue earned. b. Paid

> You would like to start a cellular telephone equipment service business. You are Considering organizing the business as a sole proprietorship. Identify the advantages and disadvantages of owning a sole proprietorship.

> Chloe Michaels plans on opening Chloe Michaels Floral Designs. She is Considering the various types of business organizations and wishes to organize her business with unlimited life and wants owners of the business to not be held personally liable for th

> Polk Street Homes had the following cash transactions for the month ended July 31, 2018. Cash receipts: Collections from customers …………………………………………………………………..$ 25,000 Issued common stock ………………………………………………………………………………13,000 Cash payments: Rent ………………………

> Briefly describe the two major fields of accounting.

> Matured Water Services had net income for the month of October of $50,880. Assets as of the beginning and end of the month totaled $362,000, and $486,000, respectively. Calculate Matured Water Services’ ROA for the month of October.

> Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: Prepare the statement of retained earnings of Ce

> Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: Prepare the income statement of Centerpiece Arra

> Consider the following accounts: a. Accounts Payable b. Cash c. Common Stock d. Accounts Receivable e. Rent Expense f. Service Revenue g. Office Supplies h. Dividends i. Land j. Salaries Expense Identify the financial statement (or statements) that each

> Consider the following accounts: a. Accounts Payable b. Cash c. Common Stock d. Accounts Receivable e. Rent Expense f. Service Revenue g. Office Supplies h. Dividends i. Land j. Salaries Expense Identify each account as Asset, Liability, or Equity.

> Thompson Handyman Services has total assets for the year of $18,400 and total Liabilities of $9,050. Requirements: 1. Use the accounting equation to solve for equity. 2. If next year assets increased by $4,300 and equity decreased by $3,850, what would

> Michael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Pensacola State College. The Business has cash of $8,000 and furniture that cost $9,000 and has a market value of $13,000. The business debts inclu

> Suppose you are starting a business, Wholly Shirts, to imprint logos on T-shirts. In organizing the business and setting up its accounting records, you take your information to a CPA to prepare financial statements for the bank. Name the organization tha

> For each user of accounting information, identify if the user would use financial accounting or managerial accounting. a. investor b. banker c. IRS d. manager of the business e. controller f. stockholder g. human resources director h. creditor

> Describe the similarities and differences among the four different types of business entities discussed in the chapter.

> What is accounting?

> Explain the purpose of Generally Accepted Accounting Principles (GAAP),including the organization currently responsible for the creation and governance of these standards.

> What are two certifications available for accountants? Briefly explain each certification.

> Describe the various types of individuals who use accounting information and how they use that information to make important decisions.

> List the four financial statements. Briefly describe each statement.

> Canyon Canoe Company is a service-based company that rents canoes for use on local lakes and rivers. Amber and Zack Wilson graduated from college about 10 years ago. They both worked for one of the “Big Four” accountin

> What is the calculation for ROA? Explain what ROA measures.

> Abby Perry recently opened her own law office on December 1, which she operates as a corporation. The name of the new entity is Abby Perry, Attorney. Perry experienced the following events during the organizing phase of the new business and its first mon

> Amos Sharp recently opened his own accounting firm on October 1, which heoperatesas a corporation. The name of the new entity is Amos Sharp, CPA. Sharp experienced the following events during the organizing phase of the new business and its first month o

> The bookkeeper of Juniper Landscaping prepared the company’s balance sheet while the accountant was ill. The balance sheet, shown on the next page, contains numerous errors. In particular, the bookkeeper knew that the balance sheet shou

> Pretty Pictures works weddings and prom-type parties. The balance of Retained Earnings was $20,000 at December 31, 2017. At December 31, 2018, the business’s accounting records show these balances: Prepare the following financial stat

> What is the role of the Financial Accounting Standards Board (FASB)?

> Presented here are the accounts of Pembroke Bookkeeping Company for the year ended December 31, 2018: Requirements: 1. Prepare Pembroke Bookkeeping Company’s income statement. 2. Prepare the statement of retained earnings. 3. Prepare

> Cosmo Thomas started a new business, Thomas Gymnastics, and completed the following transactions during December: Analyze the effects of the transactions on the accounting equation of Thomas Gymnastics using a format similar to Exhibit 1-6. Dec. 1

> Meg McIntyre opened a public relations firm called Pop Chart on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 2018, the business completed the following transactions: a. Received contribution of $14,0

> Annette Pachelo recently opened her own law office on March 1, which she operates as a corporation. The name of the new entity is Annette Pachelo, Attorney. Pachelo experienced the following events during the organizing phase of the new business and its

> Allen Shonton recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Allen Shonton, CPA. Shonton experienced the following events during the organizing phase of the new business and its first

> The bookkeeper of Outdoor Life Landscaping prepared the company’s balance sheet while the accountant was ill. The balance sheet, shown on the next page, contains numerous errors. In particular, the bookkeeper knew that the balance sheet

> Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2017. At December 31, 2018, the business’s accounting records show these balances: Prepare the following fi

> Presented here are the accounts of Hometown Décor Company for the year ended December 31, 2018. Requirements: 1. Prepare Hometown Décor Company’s income statement. 2. Prepare the statement of retained earning

> Conner Thomas started a new business, Thomas Gymnastics, and completed the following transactions during December: Analyze the effects of the transactions on the accounting equation of Thomas Gymnastics using a format similar to Exhibit 1-6. Dec.

> Meg McKinney opened a public relations firm called Solid Gold on August 1, 2018. The following amounts summarize her business on August 31, 2018: During September 2018, the business completed the following transactions: a. Received contribution of $17,

> Exeter is a building contractor on the Gulf Coast. After losing a number of big lawsuits, it was facing its first annual net loss as the end of the year approached. The owner, Hank Snow, was under intense pressure from the company’s creditors to report p

> Alice Appliance Service had net income for the year of $58,500. In addition, the balance sheet reports the following balances: Calculate the return on assets for Alice Appliance Service for the year ending December 31, 2018. Jan 1, 2018 Dec 31, 201

> Morning Bean Food Equipment Company had the following transactions for the month ending January 31, 2018. Morning Bean’s cash balance on January 1, 2018, was $11,800. Prepare the statement of cash flows of Morning Bean Food Equipment

> Macy’s, Inc. is a premier retailer in the United States, operating nearly 900 stores in 45 states. Macy’s, Bloomingdale’s, and Bloomingdale’s Outlet are all brands that operate under Macy’s, Inc. The company sells a wide range of merchandise including ap

> Consider the following transactions for Garman Packing Supplies: Requirements: 1. Journalize the purchase transactions assuming Garman Packing Supplies uses the periodic inventory system. Explanations are not required. 2. What is the amount of net purc

> Journalize the following sales transactions for King Company. Explanations are not required. Apr. 1 King Company sold merchandise inventory for $150. The cost of the inventory was $90. The customer paid cash. King Company was running a promotion and

> For each transaction, identify the appropriate section on the statement of cash flows to report the transaction. Choose from: Cash flows from operating activities (O), Cash flows from investing activities (I), Cash flows from financing activities (F), or

> Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: Requirements: 1. Prepare Camilia Communications’s statement of retained earnings for t

> Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: Prepare Camilia Communications’s multi-step income statement for the year ended July 3

> Rocky RV Center’s accounting records include the following accounts at December 31, 2018. Requirements: 1. Journalize the required closing entries for Rocky. 2. Determine the ending balance in the Retained Earnings account. Cost o

> On November 4, 2018, Cain Company sold merchandise inventory on account to Tarin Wholesalers, $12,000, that cost $4,800. Terms 3/10, n/30. On November 5, 2018, Tarin Wholesalers paid shipping of $30. Tarin Wholesalers paid the balance to Cain Company on

> Suppose Piranha.com sells 3,500 books on account for $17 each (cost of these books is $35,700) on October 10, 2018 to The Textbook Store. One hundred of these books (cost $1,020) were damaged in shipment, so Piranha.com later received the damaged goods f

> Journalize the following sales transactions for Salem Sportswear. Explanations are not required. The company estimates sales returns at the end of each month. Jul. 1 Salem sold $20,000 of men's sportswear for cash. Cost of goods sold is $10,000. 3 S

> Consider the following transactions for Burlington Drug Store: Requirements: 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Burlington Drug Store? Feb. 2 Burlington

> Consider the following transactions for Toys and More: Requirements: 1. Journalize the purchase transactions. Explanations are not required. 2. In the final analysis, how much did the inventory cost Toys and More? May 8 Toys and More buys $113,300