Accounting Case - 1317 Words

The balance sheet items of The Sweet Soda Shop (arranged in alphabetical order) were as follows at the close of business on September 30, 2011: Accounts Payable Accounts Receivable Building Capital Stock Cash $ 8,500 1,250 45,500 50,000 7,400 Furniture and Fixtures Land Notes Payable Retained Earnings Supplies 20,000 $ 55,000 ? 4,090 3,440 The transactions occurring during the first week of October were: Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct. 6 More furniture was purchased on account at a cost of $18,000, to be paid within 30 days. Supplies were purchased for $1,000 cash from a restaurant supply center that was going out of business.†¦show more content†¦4,090 3,440 The transactions occurring during the first week of October were: Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct. 6 More furniture was purchased on account at a cost of $18,000, to be paid within 30 days. Supplies were purchased for $1,000 cash from a restaurant supply center that was going out of business. These supplies would have cost $1,875 if purchased under normal circumstances. Oct. 1–6 Revenues of $5,500 were earned and paid in cash. Expenses required to earn the revenues of $4,000 were incurred and paid in cash. a. Prepare a balance sheet at September 30, 2011. (You will need to compute the missing figure for Notes Payable). (Be sure to list the assets and liabilities in order of their liquidity. Omit the $ sign in your response.) THE SWEET SODA SHOP Balance Sheet September 30, 2011 Assets Cash Accounts receivable Supplies $ 7,400 1,250 3,440 ezto.mhecloud.mcgraw-hill.com/hm.tpx 2/4 12-9-9 Land Building Furniture and fixtures Total Liabilities Owners Equity Liabilities: Notes payable Accounts payable Total Liabilities Owners equity: Capital stock Retained earnings Total Assignment Results 55,000 45,500 20,000 $Show MoreRelatedA Case Of Accounting Fraud1555 Words   |  7 Pagesmajor case of accounting fraud driven by the desire to build and protect one’s personal financial condition is the WorldCom debacle. Bernie Ebbers had to show continually growing net worth in order to avoid margin calls on his own WorldCom stock that he had pledged to secure loans. When WorldCom, the telecommunications giant, failed and was put into bankruptcy, the U.S. witnessed the largest accounting frauds in history. Former CEO, Bernie Ebbers, was convicted of orchestrating this accounting fraudRead MoreAccounting Case Essay1930 Words   |  8 PagesSeligram, Inc.: Electronic Testing Operations 1. What caused the existing system at ETO to fail? 2. Calculate the reported cost of the five components listed in Exhibit 6 using: a. The existing system. b. The system proposed by the accounting manager. c. The system proposed by the consultant. 3. Which system is preferable? Why? 4. Would you recommend any changes to the system you prefer? Why? 5. Would you treat the new machine as a separate cost center or as a part of theRead MoreManagement Accounting Case Study2102 Words   |  9 PagesManagement accounting systems Case Analysis: HSBC Bank Student Name: Course: Academic Year: Module: Date of Submission: Executive Summary Management accounting over the years has really emerged very significantly in the field of banking and finance. 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The Merger of Airtran by Southwest Airlines Will the...

1. Discuss the layers of culture that are evident in this case Information systems development: AirTran uses Navitaire as reservations system vendor while Southwest uses Sabre to better accommodates international flights. Also, AirTran uses online travel agencies for ticket distribution while Southwest sells its tickets via telephone and its website. Management and strategy: Southwest airlines have a different approach in managing and training its employees. Also Southwest culture focuses on employees and customers having a good time while flying. AirTran believes in lower- fare to attract customers and sells its tickets on various distribution agencies. 2.What are the similarities and dissimilarities between the cultures, values†¦show more content†¦Decreased online reservation can be a problem: customers like me prefer to purchase ticket via travel agencies to have different options and better deals compare to going directly to an airline website to purchase ticket. Another problem will be how will a loyal customer that earned points/rewards on Expedia or Priceline use the points on Southwest website after the merger? This can be an issue because travel agencies websites offers rewards programs that let you earned points as a frequent flyer and the points can be used for future purchases. In addition, Southwest offers only one option of seating while tickets bought on third party websites have the options of choosing seat like first- class, business class and economy class. That can be an issue for major business travelers who prefer spacious seating, luxury and privacy. After the merging, managers should continue to use t ravel agency websites in order to boost sales and keep up with competition. Also, managers should to encourage customers to sign up for rewards offer by signing up for a credit card, as it’s a good marketing strategy. Managers should cut down cost by not having to customize AirTran flights and the options of first-class and economy seating should still be offered. 4. What would you recommend managers to do insure a smooth integration of the information systems, given theShow MoreRelatedThe Merger Of Airtran By Southwest Airlines1234 Words   |  5 PagesTitle of Case: THE MERGER OF AIRTRAN BY SOUTHWEST AIRLINES: WILL THE ORGANIZATIONAL CULTURES MERGE? Date: 09/14/2014 Name: Sagar Mehta. Critical Facts: â€Å"On Sept. 27, 2010, Southwest Airlines announced it would purchase AirTran Holdings in a $1.42 billion deal that will expand the nation s largest low-cost airline to 37 new cities.† (Young) â€Å"After Merger â€Å"Southwest becomes the nation’s fourth largest airline†. The AirTran merger would give Southwest new or expanded presence in 63 markets includingRead MoreRydth Essay931 Words   |  4 PagesTHE MERGER OF AIRTRAN BY SOUTHWEST AIRLINES:WILL THE ORGANIZATIONAL CULTURES MERGE? 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Nystrom Management 4500 Business Policy and Strategic Management November 18, 2008 Table of Contents SECTION 1: CASE STUDY 1 1.1 Background / History 1 1.2 Organizational Mission 1 1.3 External Environment 2 1.4 Internal State of Affairs 4 1.5 Generic Strategy 5 1.6 Long-Term Objectives 5 1.7 Grand Strategies 5 1.8 Short-Term Objectives

Elizabeth Cady Stanton Essay Research Paper Elizabeth free essay sample

Elizabeth Cady Stanton Essay, Research Paper Elizabeth Cady Stanton Elizabeth Cady Stanton was born in 1815 to the flush parents Daniel and Mary Livingston Cady in Jamestown, NY. Cady # 8217 ; s parents made it obvious that they preferred boies to girls when they showed their common displeasure of the birth of the Elizabeth # 8217 ; s younger sister. Determined to win at a degree relation to her brothers, Elizabeth attended Jamestown Academy and studied Greek and Mathematics. It was here that she learned to go a skilled arguer. She went on to go to the Troy Female Seminary in New York. It was one of the first universities to offer an instruction equal to that of male academies. While at Troy she studied logic, physiology, and natural rights doctrine. After graduation, she began to work for her male parent who was a justice and a attorney. Here she saw first manus the legal favoritism adult females faced every twenty-four hours. We will write a custom essay sample on Elizabeth Cady Stanton Essay Research Paper Elizabeth or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page From so on, she was determined to alter the Torahs. Stanton traveled around the state and even the over seas combat for civil rights for both inkinesss and adult females. During her trips she met up with such adult females as Susan B. Anthony, Lucretia Mot t, and April Bloomer. With the help of her husband Henry Stanton and Mott, Stanton drafted the Declaration of Sentiments in Seneca Falls, NY. It was here, that she was able to get over one hundred men and women to sign the declaration. Stanton managed to become the leading feminist philosopher of the first generation of women’s rights activists, write a number of books on women’s rights, and become the first president of the National American Woman Suffrage Association, despite having seven children. Because of her large family at home, Stanton was not able to travel with Anthony and the other women. However, she did write speeches for Anthony to give. Stanton’s knowledge and ability to write combined with Anthony’s oratorical skills, made for a very powerful team in the fight for equality. After publishing such books as The History of Women’s Suffrage and The Women’s Bible, she eventually died in 1902. She is seen by many as the most influ ential women in this movement. During her lifetime she was able to see many of her goals accomplished. However, it wasn’t until well after her death in 1920 that her lifelong dream came true and women, finally, were given the right to vote.