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External link to Question : 101.The International Accounting Standards Board (IASB): A.Hopes to create harmony among : 1236287
Accounting

Question : 101.The International Accounting Standards Board (IASB): A.Hopes to create harmony among : 1236287

  101.The International Accounting Standards Board (IASB):    A.Hopes to create harmony among accounting practices of different countries to improve comparability. B.Is the government group that establishes reporting requirements for companies that issue stock to the investing public. C.Has the authority to impose its standards on companies around the world. D.Is the only source of generally accepted accounting principles (GAAP). E.Only applies to companies that are […]

External link to Question : 11) The entry to record the payroll tax expense would : 1177434
Accounting

Question : 11) The entry to record the payroll tax expense would : 1177434

  11) The entry to record the payroll tax expense would include: A) a credit to Federal Income Taxes Payable. B) a credit to Cash. C) a credit to FICA (OASDI and Medicare) Taxes Payable. D) a credit to Wages Payable.   12) The employer’s total FICA, SUTA, and FUTA tax is recorded as: A) a debit to Payroll Tax Expense. B) a credit to […]

External link to Question : 71. On January 1, 2010, Wasson Company purchased a delivery vehicle : 1228544
Accounting

Question : 71. On January 1, 2010, Wasson Company purchased a delivery vehicle : 1228544

  71. On January 1, 2010, Wasson Company purchased a delivery vehicle costing $40,000. The vehicle has an estimated 6-year life and a $4,000 residual value. Wasson estimates that the vehicle will be driven 100,000 miles. What is the vehicle’s book value as of December 31, 2011 assuming Wasson uses the units-of-production depreciation method and the vehicle was driven 10,000 miles during 2010 and 18,000 miles […]

External link to Question : 101. On October 1, Black Company receives a 6% interest bearing : 1247201
Accounting

Question : 101. On October 1, Black Company receives a 6% interest bearing : 1247201

  101. On October 1, Black Company receives a 6% interest bearing note from Reese Company to settle a $20,000 account receivable.  The note is due in six months.  At December 31, Black should record interest revenue of   A. $0 B. $100 C. $300 D. $600 102. If the maker of a promissory note fails to pay the note on the due date, the note is said to be   […]

External link to Question : 110.Refer to the information above. The amount of cash paid : 1259425
Accounting

Question : 110.Refer to the information above. The amount of cash paid : 1259425

    110.Refer to the information above. The amount of cash paid to bondholders for interest during Year 1, is:    A. $6,600,000.   B. $5,400,000.   C. $3,600,000.   D. $1,800,000.       111.Refer to the information above. Interest expense on this bond issue reported in Cricket’s Year 1, income statement is:    A. $2,400,000.   B. $4,800,000.   C. $5,400,000.   D. $7,200,000.       112.Refer to the information above. The […]

External link to Question : 1.Footnotes to financial statements should not be used to a.Describe the : 1242730
Accounting

Question : 1.Footnotes to financial statements should not be used to a.Describe the : 1242730

  1.Footnotes to financial statements should not be used to a.Describe the nature and effect of a change in accounting principles b.Identify substantial differences between book and tax income c.Correct an improper financial statement presentation d.Indicate bases for valuing assets 2.Assuming that none of the following have been disclosed in the financial statements, the most appropriate item for footnote disclosure is the a.Collection of all […]

External link to Question : 88. Videobusters, Inc. offered books of video rental coupons to its : 1229688
Accounting

Question : 88. Videobusters, Inc. offered books of video rental coupons to its : 1229688

    88. Videobusters, Inc. offered books of video rental coupons to its patrons at $40 per book. Each book contained a certain number of coupons for video rentals. During the current period 500 books were sold for $20,000, and this amount was credited to Unearned Rental Revenue. At the end of the period, it was determined that $15,000 worth of book coupons had been used […]

External link to Question : 181. Following seven items a through g that would cause Rembrandt : 1257962
Accounting

Question : 181. Following seven items a through g that would cause Rembrandt : 1257962

  181. Following are seven items a through g that would cause Rembrandt Company’s book balance of cash to differ from its bank statement balance of cash. a. A service charge imposed by the bank.b. A check listed as outstanding on the previous period’s reconciliation and still outstanding at the end of this month.c. A customer’s check returned by the bank is marked “Not Sufficient Funds(NSF)”.d. […]

External link to Question : Objective 7.3 1) The actual information pertains to the month of : 1212147
Accounting

Question : Objective 7.3 1) The actual information pertains to the month of : 1212147

  Objective 7.3   1) The actual information pertains to the month of September. As part of the budgeting process, Kriger Fencing Company developed the following static budget for September. Kriger is in the process of preparing the flexible budget and understanding the results.   ActualFlexibleStatic ResultsBudgetBudget Sales volume (in units)10,000      12,500   Sales revenues$500,000$$625,000 Variable costs256,000$ ________300,000   Contribution margin244,000$325,000   Fixed costs229,000$ ________225,000 Operating […]

External link to Question : 61. An anticipated purchase of equipment for $580,000, with a useful : 1251753
Accounting

Question : 61. An anticipated purchase of equipment for $580,000, with a useful : 1251753

    61. An anticipated purchase of equipment for $580,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and net cash flows:  YearNet IncomeNet Cash Flow 1$60,000$110,000 250,000100,000 350,000100,000 440,00090,000 540,00090,000 640,00090,000 740,00090,000 840,00090,000 What is the cash payback period? A. 5 yearsB. 4 yearsC. 6 yearsD. 3 years   62. Which method for evaluating capital investment proposals reduces the […]

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July 1, 2023
    

 

hat has happened to Sears department stores? Founded in 1886 as a small mail-order catalog company, the iconic retailer grew to be a national chain of department stores that every suburban mall wanted as its important anchor store. Up until the 1990’s Sears was the largest retailer in the United States and was known as “Where America Shops.”

Fast forward 25 years later and the question is “Why would anyone want to shop at Sears?” Sales continually are lost on an annual basis. The stores look old and outdated, as well as the merchandise, especially in clothing and home furnishings. Their customer base is much older and the retail chain has not done a good job of targeting a younger market.  It seems as if Sears’s executives are letting the brand “die on the vine” as there has been very little marketing strategy or innovation injected into the company.

Sears still has a few excellent brands—Kenmore Appliances, Craftsman Tools and they still own a majority share of Land’s End.

You have been hired as the new VP of Marketing for Sears and have been given total freedom to completely turn this company upside down if necessary and bring it into the modern digital age.

  • List some innovative marketing strategies that you would use to get this company going again!
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July 1, 2023
    

 

hat has happened to Sears department stores? Founded in 1886 as a small mail-order catalog company, the iconic retailer grew to be a national chain of department stores that every suburban mall wanted as its important anchor store. Up until the 1990’s Sears was the largest retailer in the United States and was known as “Where America Shops.”

Fast forward 25 years later and the question is “Why would anyone want to shop at Sears?” Sales continually are lost on an annual basis. The stores look old and outdated, as well as the merchandise, especially in clothing and home furnishings. Their customer base is much older and the retail chain has not done a good job of targeting a younger market.  It seems as if Sears’s executives are letting the brand “die on the vine” as there has been very little marketing strategy or innovation injected into the company.

Sears still has a few excellent brands—Kenmore Appliances, Craftsman Tools and they still own a majority share of Land’s End.

You have been hired as the new VP of Marketing for Sears and have been given total freedom to completely turn this company upside down if necessary and bring it into the modern digital age.

  • List some innovative marketing strategies that you would use to get this company going again!
default image
July 1, 2023
    

 

hat has happened to Sears department stores? Founded in 1886 as a small mail-order catalog company, the iconic retailer grew to be a national chain of department stores that every suburban mall wanted as its important anchor store. Up until the 1990’s Sears was the largest retailer in the United States and was known as “Where America Shops.”

Fast forward 25 years later and the question is “Why would anyone want to shop at Sears?” Sales continually are lost on an annual basis. The stores look old and outdated, as well as the merchandise, especially in clothing and home furnishings. Their customer base is much older and the retail chain has not done a good job of targeting a younger market.  It seems as if Sears’s executives are letting the brand “die on the vine” as there has been very little marketing strategy or innovation injected into the company.

Sears still has a few excellent brands—Kenmore Appliances, Craftsman Tools and they still own a majority share of Land’s End.

You have been hired as the new VP of Marketing for Sears and have been given total freedom to completely turn this company upside down if necessary and bring it into the modern digital age.

  • List some innovative marketing strategies that you would use to get this company going again!
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