Questions from General Accounting


Q: Green Pastures is a 400-acre farm on the outskirts of

Green Pastures is a 400-acre farm on the outskirts of the Kentucky Bluegrass, specializing in the boarding of broodmares and their foals. A recent economic downturn in the thoroughbred industry has le...

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Q: Lanier Company manufactures expensive watch cases sold as souvenirs. Three of

Lanier Company manufactures expensive watch cases sold as souvenirs. Three of its sales departments are Retail Sales, Wholesale Sales, and Outlet Sales. The Retail Sales Department is a profit center....

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Q: Computer Associates International, Inc., the world’s leading business software company

Computer Associates International, Inc., the world’s leading business software company, delivers the end-to-end infrastructure to enable e-business through innovative technology, services, and educati...

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Q: There are many useful resources regarding budgeting available on websites. The

There are many useful resources regarding budgeting available on websites. The following activity investigates the results of a comprehensive budgeting study. Address: http://www.accountingweb.com/whi...

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Q: Milton Professionals, a management consulting firm, specializes in strategic planning

Milton Professionals, a management consulting firm, specializes in strategic planning for financial institutions. James Hahn and Sara Norton, partners in the firm, are assembling a new strategic plann...

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Q: Ana Carillo and Associates is a medium-sized company located near

Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensiv...

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Q: Glassmaster Company is organized as two divisions and one subsidiary. One

Glassmaster Company is organized as two divisions and one subsidiary. One division focuses on the manufacture of filaments such as fishing line and sewing thread; the other division manufactures anten...

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Q: Data for the investment centers for Kaspar Company are given in BE22

Data for the investment centers for Kaspar Company are given in BE22-9. The centers expect the following changes in the next year: (I) increase sales 15%; (II) decrease costs $400,000; (III) decrea...

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Q: The Balanced Scorecard Institute (www.balancedscorecard.org) is

The Balanced Scorecard Institute (www.balancedscorecard.org) is a great resource for information about implementing the balanced scorecard. One item of interest provided at its website is an example o...

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Q: The December 22, 2009, edition of the Wall Street Journal

The December 22, 2009, edition of the Wall Street Journal has an article by Kevin Kelliker entitled “In Risky Move, GM to Run Plants Around Clock.” Instructions: Read the article and answer the follo...

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