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Visit a local movie theater and check out both its concession area and its showing areas. The manager of a theater must confront questions such as:
How much return do we earn on concessions?
What types of movies generate the greatest sales?
What types of movies generate the greatest net income?
Required
Assume that you are the new accounting manager for a 16-screen movie theater (ten of the auditoriums have 150 seats each; the other six auditoriums each have 400 seats). You are to set up a responsibility accounting reporting framework for the theater.
Recommend how to segment the different departments of a movie theater for responsibility reporting.
Propose an expense allocation system for heat, rent, insurance, and maintenance costs of the theater.
Record the journal entries for each year using the % of completion method. Show the partial accounts on the December 31 balance sheet for each year. Show the January 1 to Dec 31 Income statement for each year.
The April 1st inventory is 800 units; if the company's management wants ending inventory each month equal to 10% of the next month's sales, how many units should be purchased for May?
Englehart Company sells two types of pumps. One is large and is for commercial use
Calculate the book value of a two year old machine that cost $200,000, has an estimated residual value of $40,000, and has an estimated useful life of four years. The company uses straight line depreciation.
Wood Incorporated factored $150,000 of accounts receivable with Engram Factors Inc. on a wotkout-recourse basis. Engram assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable for ..
How would the receipt of the grants be reported on the statement of cash flows for the Water and Wastewater Enterprise Fund and the Cable Enterprise Fund, respectively?
Lester's Home Healthcare Services (LHHS) wasorganized on January 1, 2005, by four friends. How would set up the Assets,Liabilities and stockholders equity.
You are planning to start a small business that youwant to run as a sole proprietor. A friend of yours, who has beenan employee of an IT consulting corporation for 3 years, suggests that the corporate form of ownership is more efficient from accou..
Explain how the Kellogg transactions described could be interpreted as an example of earnings management.
variable costs................................180000fixed costs.......................................2400001.martin
periodic inventory by three methods the units of an item available for sale during the year were as follows jan.1
The general manager of Qantas had two concerns: the company's worsening cash position ($3000 cash and No bank loan at the end of 2011, No cash and a $7,000 bank loan at the end of 2012) and an inadequate level of net profit. (According to Gener..
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