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Elite publishing Company has established Business Book Club, Inc. (BBC) a subsidiary that operates as follows: BBC's editors select from among recently published business books those they believe will be most interesting to business people. BBC will purchase these books in large quantities at approximately 40% of list price and then sell them to their club members at approximately 75% of the list price. Both direct mail and advertisements in selected publication are used to solicit new customers. The advertisements offer an introductory membership bonus whereby new members who purchase one book will receive four free titles. Each month, club members receive a list of new selections and a book order form. For every four books purchase, members earn one free book. You have been called upon to design a computerized billing and book inventory system for BBC. The advertising manager want to know which advertising media are most effective, the credit manager wants to know which accounts are more than 90 days past due, and the editors want to know which books are best-sellers for the club. Required: • Identify the input transactions that this system must process and the output documents and reports that the system should b designed to produce. • Describe how information technology (IT) can be used to maximize efficiency of sales order entry, shipping, billing, and cash collections. • Describe the control procedures that should be included in this system.
Maria Gonzalez is the owner of a successful printing shop. Recently her business has been increasing, and Maria has been thinking about changing the organization of her business from a proprietorship to a corporation. Discuss some of the advantage..
1.sbc company expected to make 24000 units of product during 2011. sbc actually produced 24500 units of product. the
assume polaris invested 2.12 million to expand its manufacturing capacity. assume that these projects have a ten-year
presented below are selected transactions on the books of simonson corporation.may 1 2010 - bonds payable with a par
discuss earnings management as it relates to estimates that are required in formulating the financial statements.
Develop flexible budgets based on the assumptions of service levels at 35,000 hours, 40,000 hours, and 45,000 hours.
david amp co. has seven employees who are paid weekly. for hourly wage employees overtime is paid at 1 12 times more
Determine the store's cost of goods sold for August. Also compute gross profit for August.
finished goods inventory is 189000. if overhead applied to these goods is 75000 and the overhead rate is 120 of direct
a. Prepare journal entries for Virginia and Stateside to record the sales/purchases during 2010. b. Prepare the consolidation entries that should be made at the end of 2010. c. Prepare any 2011 consolidation worksheet entries that would be required r..
The partnership also assumed a $12,000 note payable owed by Robert that was originally used to purchase the equipment. What amount should Robert's capital account be recorded?
a companys income statement showed the following net income 132000 depreciation expense 34000 and gain on sale of plant
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