Consider the following cases, each of which is a consulting client: 1. Performance Bicycles, a mail-order company that supplies bicycles, parts, and bicycling equipment and clothing. 2. The Nathalie Hotel, a downtown hotel that serves primarily convention and business travelers. 3. The Barangay Asenso Public Health Clinic, which is supported by tax revenues of Barangay Asenso and public donations. 4. The American motorcycle company. 5. The Metro pharmaceutical company,
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- Introduction, key issue/s, analysis and recommendation sections for each separate scenario. ACC2273 “Is there anything wrong?” Scenario 1 You run a small business that takes older machines and refurbishes them to sell at a “charitable” price. You are doing good for the environment and helping those who need these machines get one at a reasonable price when otherwise they would not have been able to afford one. … yes, business is and can be about helping others, it is not all about making a profit and selling stuff to people that don’t necessarily need stuff. As the owner you have hired a few people to run the business. They look after purchasing and selling, collecting and distributing. You charge (sell the machines for) a small “up-charge” of 5% over cost to cover your operating costs. Some pertinent financial data for 2022: beginning inventory $5,000, ending inventory $6,000, purchases for the year $61,000 and sales for the year $15,000. Is there anything wrong with your…QUESTION 6 Which of the following statements would be part of a vision statement? Company XYZ is a globally recognized financial institution providing services now and in the future. ABC Memorial Hospital provides an appropriate mix of services to the residents of ABC region and surrounding areas. BCD Company makes, distributes, and sells the finest-quality widgets. To be the largest and most complete antique radio community site on the Internet.QUESTION 1 Parktown Medical Center, Inc., is a small health care provider owned by a publicly heldcorporation. It employs 7 salaried physicians, 10 nurses, 3 support staff, and 3 clericalworkers. The clerical workers perform such tasks as reception, correspondence, cash receipts, billing, and appointment scheduling. All are adequately bonded. Most patients pay for services rendered by cash or check on the day of their visit. Sometimes, however, the physician who is to perform the respective services approves credit based on an interview. When credit is approved, the physician files a memo with one of the clerks to set up the receivable using data the physician generates. The servicing physician prepares a charge slip that is given to one of the clerksfor pricing and preparation of the patient’s bill. At the end of the day, one of the clerks uses the bills to prepare a revenue summary and, in cases of credit sales, to update the accounts receivable subsidiary ledger. The front office…
- Classify the following organization’s as professional service firms, mass service entities or service shops. In each case, explain the reason for your classification. i. One-stop shop providing public assistance with a range of government services, including the issue or renewal of drivers’ licences, business licences and senior citizen concession cards ii. Bus and coach company providing daily intercity express services iii. Dental practice staffed by three dentists who specialize in orthodontic work. Please answer this questions in 10 minutes I will give likesunu aUcuracy of the financial statements? output of What's New Mr. Juan is a retired government employee who is good at baking. One day he decides to put up a bakery shop in your barangay. He renovates a portion of his house to serve as the area for the production of bread. He purchases baking equipment and raw materials to produce five different types of bread. Mr. Juan also hires Jose to help him with the baking and, at the same time, to be in- charge of sales. Mr. Juan pays Jose on a weekly basis. Every day, Mr. Juan's wife deposits the daily cash sales in their bank account at XY Savings Bank. With the help of accounting, what possible decisions or questions of Mr. Juan can accounting provide an answer to? Guide questions on the scenario given: • Is my business earning? (Profitability) » How much daily or monthly sales do I need in order to recover my fixed cost? (Break-even) • Do i need to hire additional workers to help me with my production? • Can I afford to set up a new store…(Warranty, Customer Loyalty Program) Hale Hardware takes pride as the “shop around the corner” that can compete with the big-box home improvement stores by providing good service from knowledgeable sales associates (many of whom are retired local handymen). Hale has developed the following two revenue arrangements to enhance its relationships with customers and increase its bottom line.1. Hale sells a specialty portable winch that is popular with many of the local customers for use at their lake homes (putting docks in and out, launching boats, etc.). The Hale winch is a standard manufacture winch that Hale modifies so the winch can be used for a variety of tasks. Hale sold 70 of these winches during 2019 at a total price of $21,000, with a warranty guarantee that the product was free of any defects. The cost of winches sold is $16,000. The assurance warranties extend for a 3-year period with an estimated cost of $2,100. In addition, Hale sold extended warranties related to 20 Hale…
- (Warranty, Customer Loyalty Program) Hale Hardware takes pride as the “shop around the corner” that can compete with the big-box home improvement stores by providing good service from knowledgeable sales associates (many of whom are retired local handymen). Hale has developed the following two revenue arrangements to enhance its relationships with customers and increase its bottom line.1. Hale sells a specialty portable winch that is popular with many of the local customers for use at their lake homes (putting docks in and out, launching boats, etc.). The Hale winch is a standard manufacture winch that Hale modifies so the winch can be used for a variety of tasks. Hale sold 70 of these winches during 2017 at a total price of $21,000, with a warranty guarantee that the product was free of any defects. The cost of winches sold is $16,000. The assurance warranties extend for a 3-year period with an estimated cost of $2,100. In addition, Hale sold extended warranties related to 20 Hale…Parktown Medical Center, Ine., is a small bealch care provider owned by a publicly held corporation. It employs 7 salaried physicians, 10 nurses, 3 support staff, and 3 clerical workers. The clerical workers perform such tasks as reception, correspondence, cash receipts, billing, and appointment scheduling. All are adequately bonded. * Life-long Icaring opportumstro see p. asl in pretace. PART I ACCOUNTING INFORMATION SYSTEMS APPLICATIONS Most patients pay for services rendered by cash or check on the day of their visit. Sometimes, however, the physician who is to perform the respective services approves credit based on an interview. When credit is approved, the physician files a memo with one of the clerks to set up the receivable using data the physician gencrates, The servicing physician prepares a charge slip that is given to one of the clerks for pricing and preparation of the patient's bill. At the end of the day, one of the clerks uses the hills to prepare a revenue summary and,…Tagaytay Twilight Senior Services is a newly established corporation devoted to providing essential services to seniors who live in their own homes within the Tagaytay City and its neighboring areas. Three services are provided for seniors – home nursing, meals on wheels, and housekeeping. In the home nursing program, nurses visit seniors on a regular basis to check on their general health and perform test ordered by their physicians. The meals on wheels program delivers a hot meal once a day to each senior enrolled in the program. The housekeeping service provides weekly housecleaning and maintenance services. Data on revenue and expenses for 2017 follow: Total Home Nursing Meals on Wheels House Keeping Revenues .................................... 900,000 260,000 400,000 240,000 Variable expenses........................ 490,000 120,000 210,000 160,000 Fixed expenses: Depreciation ............................ 68,000…
- Question 2 The Bramble Dental Clinic provides both preventive and orthodontic dental services. The two owners, Reese Dinkle and Anita Frizell, operate the clinic as two separate investment centers: Preventive Services and Orthodontic Services. Each of them is in charge of one of the centers: Reese for Preventive Services and Anita for Orthodontic Services. Each month, they prepare an income statement for the two centers to evaluate performance and make decisions about how to improve the operational efficiency and profitability of the clinic.Recently, they have been concerned about the profitability of the Preventive Services operations. For several months, it has been reporting a loss. The responsibility report for the month of May 2017 is shown below. Actual Differencefrom Budget Service revenue $39,000 $900 Favorable Variable costs: Filling materials 4,000 110 Unfavorable Novocain 4,100 90 Unfavorable Supplies 2,100…Toyota organizes every year two blood donation camps in Nizwa and Muscat. This activity is an example of managements attitude towards what?. choose correct answer a.Competitors b.Customers c.Community d.ClientsTuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments’ output for the year is as follows: Provider of Service HR Computing User of Service HR ................................................................................ — 15% Computing ...................................................................10% — Deposit ...........................................................................60% 50% Loan .................................................................................30% 35% The…