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MGT 300 Week 5 Individual Final Examination

MGT 300 Week 5 Individual Final Examination

MGT 300 Week 3 Individual Assignment Business Plan Case Study

MGT 300 Week 3 Individual Assignment Business Plan Case Study



E7-2 Culotti’s Pizza

E7-2 Culotti’s Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked.


Identify the six principles of internal control and give an example of each principle that you might observe when picking up your pizza. (Note: It may not be possible to observe all the principles.)


Problem Set B: P7-2B

Party Plates

Scenario: The president of Party Plates has requested a new proposal from your team. She would like information on wireless technologies and how they might be used in your organization.

Write a 350- to 700-word proposal discussing wireless technologies.

Include the following in your proposal:

• Your recommendation of at least two wireless technologies that would be beneficial to implement in the Party Plates organization

• The pros and cons for incorporating these two wireless technologies in your organization

Hachey Company

E 8-5:

Hachey Company has accounts receivable of $95,100 at March 31, 2007. An analysis

of the accounts shows these amounts.

Prepare entries for recognizing

accounts receivable.

(SO 2)

Balance, March 31

Month of Sale 2007 2006

March $65,000 $75,000

February 12,600 8,000

December and January 10,100 2,400

November and October 7,400 1,100

$95,100 $86,500

Credit terms are 2/10, n/30. At March 31, 2007, there is a $2,200 credit balance in Allowance

Bob Evans Farms

Assume that the following facts pertain to a noncancelable lease agreement between Fifth-Third Leasing Company and Bob Evans Farms, a lessee.

Inception date January 1, 2012

Annual lease payment due at the beginning of each year, beginning with January 1, 2012 $81,365

Residual value of equipment at end of lease term, guaranteed by the lessee $50,000

Lease term 6 years

Economic life of leased equipment 6 years

Fair value of asset at January 1, 2012 $400,000

Lessor’s implicit rate 12%

Lessee’s incremental borrowing rate 12%

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