30 April 2010 Comments Off

A+ Tutorial: Nancy

A+ Tutorial: Nancy

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Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1000, but she has not charged that much since opening the account. Nancy hasn’t had the time to review her monthly statements as promptly as she should, but over the upcoming weekend, she plans to catch up on her work.In reviewing November’s statement, she notices that her beginning balance was $600 and that she made a $200 payment on November 10. She also charged purchases of $80 on November 5, $100 on November 15, and $50 on November 30. She can’t tell how much interest she paid in November because she spilled watercolor paint on that portion of the statement. She does remember, though, seeing the letters APR and the number 24%. Also, the back of her statement indicates that interest was charged using the average daily balance method including current purchases, which considers the day of a charge or credit.

1. Assuming a 30-day period in November, calculate November’s interest using the average daily balance method. Also, calculate the interest Nancy would have paid with: a) the previous balance method, b) the adjusted balance method.
2. Going back in time, when Nancy was just about to open her account, and assuming she could choose among credit sources that offered different monthly balance determinations, and assuming further that Nancy would increase her outstanding balance over time, which credit source would you recommend? Explain.

30 April 2010 Comments Off

A+ Tutorial: Reporting Requirements

A+ Tutorial: Reporting Requirements

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1.) Identify the major reporting requirements associated with each of the following: a. Securities Act of 1933 b. Securities and Exchange Act of 1934 c. 10-K report d. 10-Q report

30 April 2010 Comments Off

A+ Tutorial: Reporting Requirements

A+ Tutorial: Reporting Requirements

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1.) Identify the major reporting requirements associated with each of the following: a. Securities Act of 1933 b. Securities and Exchange Act of 1934 c. 10-K report d. 10-Q report

30 April 2010 Comments Off

A+ Tutorial: Nathan Company

A+ Tutorial: Nathan Company

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At October 31, Nathan Company made an accrued expense adjusting entry of $1,400
for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry.

Nov. 1 Salaries Payable …………………………………………………. 1,400
Salaries Expense …………………………………………. 1,400

The balances after posting the reversing entry are Salaries Expense (Cr.)
$1,400 and Salaries Payable $0.

What do you consider might happen if: 1. Revenue accounts are not closed? Explain why.

2. Expense accounts are not closed? Explain why.
3. Dividends are not closed? Explain why.

30 April 2010 Comments Off

A+ Tutorial: Channel Students Into Gifted Program

A+ Tutorial: Channel Students Into Gifted Program

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- 234 words

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Develop a protocol for channelling students into a gifted program. In 200 to 300 words, include the following: o Early interventions that might be used o Information about how students can be referred to or identified for the program o Which interventions the program offers o What students will experience within those programs.

30 April 2010 Comments Off

A+ Tutorial: Inventory

A+ Tutorial: Inventory

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- 148 words

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1) Between a periodic physical inventory and a computer-track inventory, which has more value and why?

30 April 2010 Comments Off

A+ Tutorial: Economics Matrix

A+ Tutorial: Economics Matrix

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Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity Event Market affected by event Shift in supply, demand, or both. Explain your answer. Change in equilibrium Frozen orange crops in California Orange juice Supply (left)—Not as many available oranges to offer consumers. Price will increase and quantity will decrease. Hurricanes in the Gulf Coast Cost of cotton decreases Technology improves efficiency in pasta manufacturing 1. What do substitutes refer to in economics? Give an example of two substitutes. 2. Define “Price Elasticity of Demand.” Give an example. 3. Determine if the demand for the following products is price elastic or price inelastic, and explain your answer. In your explanation, be sure to include how the necessity of a good and the availability of substitutes affect the price elasticity of demand in each of these specific cases: • Gasoline as a commodity • Gasoline sold at a local gasoline station • Hotel rooms for people planning a vacation • Hotel rooms for people on business to meet an important client 4. Define the Law of Demand and the Law of Supply. Give an example for each.

30 April 2010 Comments Off

A+ Tutorial: Economics Matrix

A+ Tutorial: Economics Matrix

Price: $4.99

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Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity Event Market affected by event Shift in supply, demand, or both. Explain your answer. Change in equilibrium Frozen orange crops in California Orange juice Supply (left)—Not as many available oranges to offer consumers. Price will increase and quantity will decrease. Hurricanes in the Gulf Coast Cost of cotton decreases Technology improves efficiency in pasta manufacturing 1. What do substitutes refer to in economics? Give an example of two substitutes. 2. Define “Price Elasticity of Demand.” Give an example. 3. Determine if the demand for the following products is price elastic or price inelastic, and explain your answer. In your explanation, be sure to include how the necessity of a good and the availability of substitutes affect the price elasticity of demand in each of these specific cases: • Gasoline as a commodity • Gasoline sold at a local gasoline station • Hotel rooms for people planning a vacation • Hotel rooms for people on business to meet an important client 4. Define the Law of Demand and the Law of Supply. Give an example for each.

30 April 2010 Comments Off

A+ Tutorial: General Research Methods

A+ Tutorial: General Research Methods

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- 231 words

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Your company is interested in evaluating customer satisfaction with a new handheld computer product. 1) What are the general research methods that you should consider in developing this research? 2) How might Web-based research, as opposed to using traditional strategies, be both beneficial and challenging in this research project? 3) In this context, are you collecting information or data and how do you know?

30 April 2010 Comments Off

A+ Tutorial: Kitchen Appliance

A+ Tutorial: Kitchen Appliance

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- 216 words

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Your company manufactures a quality line of home kitchen appliances, refrigerators, stoves, dishwashers, etc — and you are highly competitive with companies such as KitchenAid, JennAir, and others. The market is quite price sensitive. You’ve just learned that your primary competitor has just cut their prices to the consumer by 7%. What might be some reasons that would support their decision to make a price reduction? What should be your thoughtful reaction?