The Founder Of The Popular Fast Food Franchise - 2266 Words

The founder of the popular fast food franchise, Wendy’s, is Dave Thomas. He was born in Atlantic City, New Jersey in 1932. Dave’s adoptive mother died when he was still a child. He spent his childhood moving from city to city while his adoptive father tried to find work. Dave spent a lot of summers in Michigan with his Grandmother and she became a huge influence on Dave. She taught Dave the importance of product quality, good service, and respect. Dave did not get a lot of alone time with his father, but when they did they would go eat at neighborhood cafes that sold good burgers. Dave loved watching families sit together and enjoy sharing a meal. These trips to cafes are what led Dave to decide to own a restaurant one day. At age nine, Dave had become an expert on the type of quality and service a business should provide. He began to work in the restaurant business at age 12, but he was fired a lot because he was underage. Dave then began working at the restaurant Hobby House at age 15. He started as a bus boy and eventually moved to the front of the kitchen. Dave knew that if he was going to own a restaurant one day, he would need to know how to do every job. His family moved again and he stayed behind. Dave lived alone at the YMCA at age 15. After he went into the army at age 18, Dave returned to the Hobby House and eventually married one of the waitresses. He also met Colonel Harland Sanders who founded the Kentucky Fried Chicken franchise. Colonel Harland Sanders soonShow MoreRelatedFast Food Nation By Eric Schlosser1596 Words   |  7 Pagesby consumerism and big business. Companies selling cheap food and cheap goods are scattered across the nation in every state and town. This is Eric Schlosser’s main topic in his novel Fast Food Nation. From telling the start of the first fast food restaurants in America, to explaining how the food is made, Schlosser s covers the whole history of the wor ld wide food phenomenon. Eric Schlosser is an American journalist and Author of Fast Food Nation. He was born in Manhattan, New York, but grew upRead MoreEssay on The Success of the McDonald’s Franchise 1267 Words   |  6 Pagesflexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. 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From theRead MoreBurger King vs Mcdonalds1068 Words   |  5 PagesBurger King vs. McDonald’s Burger King and McDonald’s are two of the most popular fast food restaurants and have been in competition for years. Both of the restaurants have been in business for over 50 years, though Burger King was started before McDonald’s. Burger King was established in 1953 as Insta-Burger based in Florida. The company ran into financial issues and was bought out by David Edgerton and James McLamore in 1954, and the name was then changed to Burger King and a year later, the kingRead MoreBlack Canyon Coffee1480 Words   |  6 Pagesarticles states, BCC founders had no prior experience in restaurant business and were not even coffee drinkers. Coming from an IT background, founders of BCC wanted to start a business of their own. BCC follows an industrial organization (I/O) model because the company was formed by strategically analyzing external environment and factors. Realizing that food is one of the basic necessity of human being, Pravit along with his colleagues without any prior experience in the food sector saw that coffeeRead MoreMcdonalds : The Largest Fast Food Service Company1295 Words   |  6 PagesMcDonald’s Corporation- S.W.O.T. Analysis Introduction/Overview McDonald’s has become the largest fast food service company in the world, with more than 35,000 restaurants in over 100 countries. Based out of the United States, McDonalds primarily operates from franchise restaurants offering not only hamburgers and fries as what they are known for, but many other menu items as well. A lot has changed from their days of 15 cent hamburgers in 1955, and they are an iconic fixture in our culture overRead MoreThesis: Chapter2 and 31771 Words   |  8 Pagesmore traditional business models. In franchise business, it is not only the products or service that the franchisee can avail; it is more of the system-the business plan of the chosen franchise. It is fact that before franchise companies offer their business packages, they already conducted strenuous researches and studies to test the capability of the franchise to withstand the various factors that might affect the operation of the business. Simply put, franchise business offers a time-t ested businessRead MoreProduct Analysis of Kfc Essay1639 Words   |  7 PagesProduct Analysis of Kentucky Fried Chicken History of Kentucky Fried Chicken KFC (Kentucky Fried Chicken) as one of the most popular and successful fast food restaurants, which was founded by Harland Sanders in North Corbin, Kentucky in 1930 and concentrate on fried chicken, after decades of development, KFC has become the world’s second largest fast food restaurant chain. In the first twenty years of fried chicken was invented, Harland Sanders opened a restaurant to sell the fried chicken

PG and Walmart Collaboration - 5345 Words

Supply-Chain Integration through Information Sharing: Channel Partnership between Wal-Mart and Procter Gamble Michael Grean Director, Information Technology Customer Business Development The Procter and Gamble Distributing Company, 655 East Millsap Road, Fayetteville, Arkansas 72703 Michael J. Shaw Department of Business Administration University of Illinois at Urbana-Champaign Champaign, IL 61820 Abstract This paper describes the development of channel partnership between a manufacturer (Procter and Gamble, or PG) and a retailer (Wal-Mart). Both major players in their industries, PG and WalMart found a way to leverage on information technology by sharing data across their mutual supply chains. The resulting channel has become more†¦show more content†¦Yet, as described in this paper, the two companies in the beginning were both tentative. They essentially stumbled into the idea and then, as the value started to be discovered, progressively built stronger collaboration as more benefits were unleashed. The partnership started with the simple desire to improve business relationships, and was gradually enhanced by sharing information and knowledge about their respective markets. This sharing in turn enabled more effective execution of such concepts as category management, continuous replenishment, and process coordination, which collectively helped make the supply chain more effi cient. Clark and McKenny (1995) detail the development of the supply-chain collaboration and describe the process in which the channel partnership between the two companies was built on an incremental basis. 3 The remainder of the paper is organized as the following. Section 2 presents the business background behind how the two companies started building the partnership. Section 3 discusses how PG and Wal-Mart built channel partnership and information sharing. In Sections 4, the details of how the two companies implemented information sharing and continuous replenishment is discussed. Section 5 further describes the additional benefits of the information partnership. Section 6 discusses the logic category management. Finally, Section 7 concludes the paper. 2. Business Background To fully comprehend the role that technology has played in theShow MoreRelatedWal Marts Competitive Advantage1744 Words   |  7 Pageswas able to find lower-cost suppliers and also shared his data than those used by other stores. Walmart is an organization that uses analytics extensively and systematically to outthink and execute the competition. Walmart has gained competitive advantage by following four pillars of analytical competition. These are; Walmart support strategic distinctive capability. 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By trying to control the relationship from front to end (WisnerRead MoreSupply Chain Management: Walmart Essay1812 Words   |  8 PagesWal-Mart, now it is branded as Walmart, is the world largest public multinational corporation by revenue in 2010, which runs a chain of large discount department stores and a chain of warehouse stores worldwide. Walmart focuses on the improvement of sales, constant reducing costs to offer goods at the best price, the adaptation of efficient distribution and logistics management systems to ensure the constant flow of the goods and the use of innovative IT and systems to accurate efficient operatingRead MoreGlobal Supply Chain1083 Words   |  5 Pagesresulting from multiple independent entities that affect each other. This paper will discuss about Wal-Mart supply chain it will provide the six component, problems and approaches to solve the problems. Wal-Mart is one of the major retail in the world (Walmart 2011). Wal-Mart is continuously developing its business by developing its services and product portfolio. The supply chain of Wal-Mart is also effective to enhance its effectiveness within the industry (Hoppenstedt Rathkolb 2005). Introduction Read MoreThe Risk And Benefits Of Outsourcing Supply Chain And Risk Management Essay961 Words   |  4 Pagesaccomplished pieces of supply chain very well. Some of the examples to be noted are: Walmart known for the everyday low costs, PG for their customer driven approach or Amazon for transforming the ecommerce buying experience (Cecere et al., 2012). Another aspect important to be noted the growth of manufacturing industry has been slower than of other industry, especially retail industry. Issues worth mentioning are collaboration requires a win-win value proposition, tackling demand distortion and waste, jointRead MoreFive Key Principles Of Management1795 Words   |  8 Pagesleadership included from outside of the direct supply chain hierarchy generally removes the tendency for the supply chain strategy to develop apart from the business strategy. Also, the diverse board acts as a facilitator for cross-functional collaboration, which helps address interdepartmental hurdles that arise from any one department not complying with the supply chain strategy. This occurs when a business unit manager only looks at their department, and ignores the big picture that the supplyRead MoreMarketing Plan For Wal Mart1849 Words   |  8 PagesRestaurant Association says the entire U.S. restaurant industry made in 2013. That income was gener ated by more than 4,100 stores and accomplished by an outstanding supply chain system ranked 14th in 2014 by research and analyst company Gartner. Walmart has held a place among Gartner’s top 20 supply chains since 2010 (Kerchner 2014). Wal-Mart is one of history’s greatest logistical and operational accomplishments. According to According to Barbara Dozier of Word Press, Wal-Mart stocks products

An Analysis of Bathsheba Essay Example For Students

An Analysis of Bathsheba Essay Bathsheba is decisive, brisk and businesslike whilst dealing with the paying of the farm workers in chapter 10. She is very confident; I have formed a resolution to have no bailiff at all. The farm workers are astonished at this; The men expired an audible breath of amazement. I shall be up before you are awake, I shall be afield before you are up, and I shall have breakfasted before you are afield. In short I shall astonish you all. This phrasing and rhythm is very strong and very convincing. This speech again shows her confidence and her ability to cope. Bathsheba is the only female in the corn exchange (the single one of her sex that the room contained) but does not seem to mind. Tis a handsome maid, however, and shell soon get picked up. Here the people in the corn market are discussing Bathsheba and assume that she will get married and hand over the farm for her husband to get picked up. This chapter alone shows that Bathsheba has a hard task ahead of her because of the mens views of a woman farmer. The farm workers are convinced that she will bring them all to the bad. She goes against traditional ways; Why only yesterday she cut a rasher of bacon the longways of the flitch! (Chapter fifteen). For the farm workers, any change is wrong. Bathsheba has a traditional mans job. She is a woman farmer but she is not afraid to join in with the manual labour (helping with the shearing etc ). Bathsheba is very much out of place amongst a mostly male farming community. However, she copes very well. She is a hardheaded woman. This handicap (her sex) brings doubt and lack of faith amongst the farm workers; Our misess will bring us all to the bad. Bathsheba is of an impulsive nature under a deliberative aspect. In chapter three Bathsheba leans back on her saddle in a dangerous way. She is aware of this being ambitious. She is also aware that she is acting more like a man. This action is very unladylike and was certainly not expected of a woman. In chapter six, when Gabriel has just helped put out the fire he asks: Where is your master the farmer? Tisnt a master; tis a Mistress, Shepherd. A woman farmer? Here Gabriel immediately assumes that it is a male farmer (as would have been expected in the mid 19th Century) and when he finds out that it is a female farmer he is astonished. The very fact that there is a question mark after A woman farmer shows that he is not simply repeating what he has been told but he is repeating it in disbelief. In this rural community responsibilities fall into two categories: the practical responsibilities and the moral responsibilities. Oak acts as a tutor on many occasions to Bathsheba and she slowly becomes aware of her need for his aid both practically and morally. In chapter four when Gabriel is asking Bathsheba to marry him she acts irresponsibly, firstly by running after him and secondly by leading him on and then turning him down. Bathsheba runs after Gabriel not to accept him but also not to lose him. The way Bathsheba leads Gabriel on and treats it as a game when he is proposing to her and answering his offerings by saying Yes: I should like that and Dearly I should like that shows how she is vain and unintentionally cold hearted. She would like the brides opportunity of showing off, but not her responsibilities. We learn why Gabriel will not succeed with her now. He is too humble (she needs impressing) and too honest (some deception is required). When Bathsheba, as a game uses the Bible and key for the old superstitious practice of foretelling her husband. The way Bathsheba leaves it to fate is very irresponsible. She fails to consider the consequences of her actions. Whilst Bathsheba is sending the valentine Hardy goes to great extent to stress the idle off-hand way in which the card is sent; Bathsheba, a small yawn upon her mouth, took the pen, and with off-hand serenity directed the missive to Boldwood. .u70ea9b7ac2bf98bd0f243ef2be965c09 , .u70ea9b7ac2bf98bd0f243ef2be965c09 .postImageUrl , .u70ea9b7ac2bf98bd0f243ef2be965c09 .centered-text-area { min-height: 80px; position: relative; } .u70ea9b7ac2bf98bd0f243ef2be965c09 , .u70ea9b7ac2bf98bd0f243ef2be965c09:hover , .u70ea9b7ac2bf98bd0f243ef2be965c09:visited , .u70ea9b7ac2bf98bd0f243ef2be965c09:active { border:0!important; } .u70ea9b7ac2bf98bd0f243ef2be965c09 .clearfix:after { content: ""; display: table; clear: both; } .u70ea9b7ac2bf98bd0f243ef2be965c09 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u70ea9b7ac2bf98bd0f243ef2be965c09:active , .u70ea9b7ac2bf98bd0f243ef2be965c09:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u70ea9b7ac2bf98bd0f243ef2be965c09 .centered-text-area { width: 100%; position: relative ; } .u70ea9b7ac2bf98bd0f243ef2be965c09 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u70ea9b7ac2bf98bd0f243ef2be965c09 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u70ea9b7ac2bf98bd0f243ef2be965c09 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u70ea9b7ac2bf98bd0f243ef2be965c09:hover .ctaButton { background-color: #34495E!important; } .u70ea9b7ac2bf98bd0f243ef2be965c09 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u70ea9b7ac2bf98bd0f243ef2be965c09 .u70ea9b7ac2bf98bd0f243ef2be965c09-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u70ea9b7ac2bf98bd0f243ef2be965c09:after { content: ""; display: block; clear: both; } READ: A literary analysis of toni mo EssayThe flippant manner in which she chooses the seal is again irresponsible. The way she chooses the seal solely to upset Boldwood; Twould upset the solemnity of a parson and clerk too is thoughtless and she cannot comprehend that this simple valentine would spark off a long chain of events ending in death and misery. Earlier in the novel she is emotionally immature, rash, impetuous, does things on the spur of the moment etc However, in chapter 19 we see the beginnings of Bathshebas maturity. She seems sincerely sorry for the pain and anguish she has caused Boldwood and we see a greater self-awareness; O I am wicked to have made you suffer so! and Dont say it: dont! . In chapter 22 Hardy is still keeping Bathshebas vanity before us. Here, although she is distressed by Boldwoods torment and grief and is prepared to pay a penalty for having caused it, she is nevertheless flattered by his idolising of her and pleased with her triumph; The situation was not without fearful joy. She feels proud at her noble behaviour of giving an unconditional promise of marriage. We again see her acting maturely (acknowledging the damage she has done and accepting the penalty of marriage for it). However, her meeting with Troy shows that she has quickly forgotten her speech to Boldwood and once again we see her reverting to her old immature self. Bathsheba also plays the role of the idol. Both Boldwood and Oak idolise Bathsheba (Boldwood more than Oak). In chapter 16, Bathsheba, unknowingly, is performing a role for Boldwood. Boldwood thinks that putting Bathsheba on a pedestal and admiring her from afar is a good way of getting to know her. Unfortunately Boldwood has not the slightest idea of how to act around Bathsheba. In fact he does not even know if she is pretty or not; Is Miss Everdene considered handsome? Boldwood quickly goes from being indifferent about Bathsheba to being jealous of her. In chapter 19, when Gabriel is talking to Bathsheba, he is criticising her conduct and almost preaching at her. She is demurring herself. She does not want her to behave the way that she is. He wants her to stay the way that he has idolised her as. In chapter 22 when Bathsheba has nobly done her best to make amends with Boldwood, Hardy says the pleasure she derived from the proof that she was idolised. This extract shows two things. One is that it shows that Boldwood is idolising her and the other is that Bathsheba enjoys being idolised (vanity). Bathsheba plays the role of the flirtatious lover. This is shown when Gabriel is proposing to her and she goes along with his proposal and treats it as a game but all along she had no intention of saying yes. Bathsheba is solely interested in Boldwood because he is not interested in her. She is slightly peeved that the most highly respected man in the parish is also the only man who does not look at her. Bathsheba gets slightly piqued at this (which encourages her to send the valentine). The way she tosses the hymn book and leaves it to fate if she would send the valentine to Boldwood or not suggests that she wants to send it to Boldwood to get him to notice her by effectively asking him to marry her (marry me); she is acting flirtatiously.

The Concept of Metadata

The concept of metadata has gained popularity. Creation of videos and photography make use of metadata. It is also used in web pages and in a library to archive information. The metadata must always meet worldwide standards. Metadata is well structured using  established  schemes like models and standards of metadata. It has three categories.Advertising We will write a custom essay sample on The Concept of Metadata specifically for you for only $16.05 $11/page Learn More They  include  descriptive, structural, and administrative  type  of metadata.  Metadata  mean  different things. Some say it is a  device  that understands information while others use it as a record. Main uses include data recovery,  framework  of electronic resources and digital documents. Metadata is also used in the  extraction  and  maintenance  of information. 99% of the information is digitally created while only 0.1%  is written  on the pape r. About seventy percent of the created data is never printed and, only 20% may be printed. This has seen metadata gaining popularity. The term metadata simply refers to any amount of information providing in depth information on one  material  or other  multiple. It provides insight on the ways of creating data, the reasons for the data and the date of creation. It also captures the data author, where on network the data is and standards which  were used. The concept of metadata applies to electronically stored data and its  use. It describes the structure,  meaning  and how the files  are administered. Its main rationale is to make it effortless to repossess,  handle  or use as a resource. The web page usually displays metadata in Meta tags  form  (NICO, 2004). Metadata can be related to some discussions I experienced. The discussion was about state of art  in Sub-Saharan Africa. Internet acted as a major source of information to the discussion. The Unite d Nations website and other  principal  sources provided detailed information on the topic. Several sites gave insight to every situation under discussion. There were linkages to other websites with detailed information, which made the  discussion  easier than books. The sites spelled out clearly the dates of publications and places of publications. Some websites required authentication. An article  was written  after the discussion. It came out with information art in Sub-Saharan Africa to back up other previous findings. The report contained the list of participants. It spelled out the place of  discussion  and soft copies given to the relevant authorities.  A copy will be posted on the Internet.Advertising Looking for essay on art and design? Let's see if we can help you! Get your first paper with 15% OFF Learn More A good example of metadata is an  image. It may  comprise  of metadata which specifies its size. The size may include  side  dimensions and units of measurements. The color  aspect  may also be depicted. This may  entail  contrast, colors used and the extent of the colors. Metadata specifies the  resolution  of the image. The date of creation and who created the image are also shown in the metadata. Related information like the links to the image and where it  is found  in the metadata. Electronic discovery is cheaper than the discovery of paper-based information. Large corporations and societies and states have an easy time going through the information. This has increased overall  production. The Collection, storage and  evaluation  of information act as evidence (Michele Nimsger, 2009). It has improved academics and made work easier than before. Metadata has improved the photography and video sector. The rules and regulations that govern metadata prevent piracy and  preserve  the integrity of the author. Any information required is just a click away in the digital world. Ref erences Michele C. Nimsger, K. (2009).  Electronic evidence and discovery (2nd Ed). Chicago: American Bar Association   NISO (2004).  Understanding metadata. NISO. Retrieved from https://www.niso.org/ This essay on The Concept of Metadata was written and submitted by user Caylee Lindsay to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Generally Accepted Accounting Principles and Owners Equity Essays

Generally Accepted Accounting Principles and Owners Equity Essays Generally Accepted Accounting Principles and Owners Equity Essay Generally Accepted Accounting Principles and Owners Equity Essay Chapter 7 Accounting Information Systems Questions 1. What is the right side of an account called? 2. What is the left side of an account called? 3. An organizational scheme used to classify accounts as assets, liabilities, or owners’ equity is known as what? 4. What journal is used to record both the account(s) to be debited and the account(s) to be credited? 5. A collection of specific asset, liability and owners’ equity accounts in known as what? 6. What type of entry is made to adjust the accounts for internal events prior to preparing financial statements? . What type of entry is made to close out a temporary account and transfer the balance to retained earnings? 8. What type of account has an opposite balance to the normal balance of its associated account? 9. Recording the appropriate part of a journal entry to the affected account is known as what process? 10. A listing of all general ledger accounts and their respective balances to ensure that debits equal cred its is known as what? Exercises E7. 1The following events occurred during the first month of business at a local marketing company. Indicate which of the events are accounting events and provide a short justification for your answer. A. The owner invested money from his savings account for start-up costs. B. Employees hired agree to sign a non-compete agreement. C. The owner pays the first and last month’s rent on office space. D. Computer equipment is purchased on account for each employee. E. Three employees attend the Chamber of Commerce meeting to generate sales contacts. F. A client pays for advertising services performed by the company. G. The office supply store across the street is planning a major advertising promotion next month. : E7. 2 Specify in the space provided the effect of each of the following accounting events on assets, liabilities, and owners’ equity. Use I for Increase, D for Decrease, and NA for Not Applicable. Owners AssetsLiabilities Equity ________________________A. Issued preferred stock for cash. ________________________B. Purchased office computers on account. ________________________C. Purchased computer supplies for cash. ________________________D. Returned defective supplies and received a cash refund. ________________________E. Made a payment on computers purchased above. ________________________F. Purchased inventory by making a cash down payment with the balance owed on open account. E7. 3For each of the accounting elements that follow (A-F), indicate in the space provided the appropriate number of the financial statement(s) where the element would appear. 1. Income statement 2. Statement of owners’ equity 3. Balance sheet 4. Statement of cash flows ________A. Cash balance in checking account ________B. Unused supplies ________C. Merchandise sold on account ________D. Stock issued ________E. Utilities expense ________F. Taxes payable E7. 4Various accounts are affected differently by debits and credits. For each of these accounts, sate whether it is increased or decrease by a debit or credit. Also indicate whether the normal balance is a debit balance or a credit balance. The first account is an example. AccountsIncreased byDecreased byNormal Balance A. SuppliesDebitCreditDebit B. Interest Payable C. Equipment D. Fees Earned E. Salaries Expense E7. 5For each of the following situations, prepare the adjusting entry for the month ended April 30 and indicate the effect each adjustment would have on net income. A. Marketing Unlimited has a $20,000 contract with a client to prepare a catalog describing the client’s various products. Payment was to be received when the catalog was completed in June. As of April 30, $9,000 worth of services had been performed. B. Donna’s Consulting, a decorating firm, has an agreement with an apartment developer to decorate the apartment offices and model apartments. Donna will be paid $12,000 upon completion of her decorating services. As of April 30, Donna has completed one-fourth of her decorating services. C. Grant Enterprises rents storage space to a tenant for $200 a month. The invoice for April’s storage fee had not been sent as of April 30. E7. For each of the following situations, prepare the adjusting entry for the month ended August 31 and indicated the effect each adjustment would have on net income. A. The August water bill for the Johnson Company arrived in the accounting department on September 2. The invoice totaled $135. B. Riverside Medical Clinic has a contract with a payroll provider for payroll services. Riverside pays its employees semi-monthly. The payroll provider charges Riverside $250 for each payroll it processes and bills on the first day of the month after the services are provided. C. Camaron, Inc. borrowed $2,000 on August 1. Camaron must repay the principal and interest of 9 percent annually 90 days from the date of the note. Camaron prepares monthly financial statements. E7. 7After its first year in business, Aaron Distributing, Inc. needs to prepare its financial statements. Given the following trial balance, prepare the income statement and statement of retained earnings for the year ended December 31, 2003. Dividends of $1,000 were paid during the year and are reflected in the trial balance. There were no additional capital stock transactions during the month. ____________________________________________________________ _____ AARON DISTRIBUTING, INC. Adjusted Trial Balance December 31, 2003 DebitsCredits Cash$6,140 Accounts receivable2,350 Prepaid insurance3,180 Vehicle12,500 Accumulated depreciation- vehicle$1,000 Office equipment25,400 Accumulated depreciation- office equipment3,630 Accounts payable1,930 Notes payable7,500 Wages payable2,170 Capital stock25,000 Retained earnings1,000 Fees earned45, 500 Advertising expense6,000 Depreciation expense4,630 Insurance expense1,200 Interest expense750 Maintenance expense2,450 Utilities expense5,780 Wages expense15,350 ______ Total$86,730$86,730 ___________________________________________________________ ______ E7. 8Refer to E7. 7. Prepare the balance sheet for Aaron Distributing, Inc. as of December 31, 2003. E7. 9Refer to E7. 7. Prepare the closing entries for Aaron Distributing, Inc. as of December 31, 2003. E7. 10The adjusted trial balance for Nick’s Golf Supplies follows. Determine the net income or loss for the month of November and the balance in the Retained Earnings account that would appear on the balance sheet. ____________________________________________________________ ______ NICK’S GOLF SUPPLIES Adjusted Trial Balance November 30, 2003 DebitsCredits Cash$1,340 Supplies2,870 Inventory19,590 Equipment15,225 Accumulated depreciation- equipment$10,875 Accounts payable2,440 Capital stock20,000 Retained earnings5,920 Sales16,000 Cost of goods sold10,500 Advertising expense100 Depreciation expense2,175 Supplies expense435 Wages expense3,000______ Total$55,235$55,235 ____________________________________________________________ ______ Problems P7. 1Kendall Corporation began operations on March 1, 2003 and completed the following transactions during its first month of operations. A. Issued common stock for $100,000. B. Paid $18,000 for a one-year lease on office space. C. Purchased office equipment costing $35,000 by paying $5,000 cash and signing a five-year note for the balance. D. Purchased office supplies on account, $750. E. Sent a bill for $4,500 to a customer for services performed. F. Received $1,000 from a customer for services to be performed next month. G. Paid employees for hours worked, $1,025. H. Paid half of the amount owed for office supplies in transaction (D), $375. I. Received, but did not pay, the monthly telephone bill, $275. J. Paid a dividend to owners, $2,000. Required: 1. Determine the effect of each of the preceding events on the accounting equation. . Prepare the general journal entries to record each of these events. Note you may want to set up T-accounts to keep track of some accounts. Do not prepare the adjusting entries. 3. Prepare the income statement for the period. 4. Prepare the statement of cash flows for the period. 5. Prepare the statement of retained earnings for the period. 6. Prepare the balance sheet at the end of the period. 7. Prepare the closing entries. P7. 2The following accounting events (A-I) affected the assets, liabilities, and owners’ equity of the Jackson Company during the fiscal year ended September 30, 2003. A. Purchased $23,400 in merchandise inventory for cash. B. Sold $45,500 in merchandise inventory to a customer for $68,250 cash. C. Purchased $16,900 in merchandise on open account. D. Sold $34,840 in merchandise inventory for $52,260 on open account. E. Received and paid the utility bill, $745. F. Paid employees $5,900 for wages earned. G. Received a partial payment from a customer on account, $37,700. H. Paid rent for the current month, $7,800. I. Recorded depreciation on store equipment, $3,900. Required: 1. Determine the effect of each of the preceding events on the accounting equation. 2. Prepare the general journal entries to record each of these events. Note you may want to set up T-accounts to keep track of some accounts. 3. Prepare the income statement for the period. 4. Prepare the statement of cash flows for the period (ignore beginning balances). P7. 3For each of the following items (A-L) indicate on which financial statement you would expect to find it. Some items may appear on more than one statement. 1. Income Statement 2. Statement of owners’ equity 3. Balance sheet 4. Statement of cash flows __________A. Cash, ending balance __________B. Sales to customers __________C. Accounts receivable _________D. Cash received from customers __________E. Cost of goods sold during the period __________F. Office supplies on hand __________G. Office supplies used during the period __________H. Ending retained earnings __________I. Taxes payable __________J. Dividends paid during the period __________K. Wages payable __________L. Cash paid for merchandise inventory P7. 4Everett Photography specializes in engagements and weddings, reunions, and family portraits. Everett is reviewing the following analysis of events provided by his accountant, but he cannot understand this analysis. Describe the events for Everett. A. Photo supplies debit, $2,000 Accounts payable credit, $2,000 B. Cash debit, $500. Unearned revenue credit, $500 C. Equipment debit, $5,000 Note payable, $5,000 D. Cash debit, $850 Revenue credit, $850 E. Accounts payable debit, $400 Cash credit, $400 F. Unearned revenue debit, $500 Revenue credit, $500 G. Accounts receivable debit, $2,500 Revenue credit, $2,500 H. Notes payable debit, $200 Cash credit, $200 I. Expense debit, $1,500 Photo supplies credit, $1,500 P7. 5Brandon’s Snow Removal Service has a fiscal year end of June 30. The unadjusted trial balance is followed by information for adjustments. ___________________________________________________________ ______ BRANDON’S SNOW REMOVAL SERVICE Unadjusted Trial Balance June 30, 2003 DebitsCredits Cash$10,140 Accounts receivable12,250 Supplies3,670 Prepaid insurance3,040 Buildings76,800 Accumulated depreciation- buildings$15,360 Equipment66,400 Accumulated depreciation- equipment13,280 Accounts payable1,755 Unearne d fees3,360 Note payable52,000 Capital stock50,000 Retained earnings1,960 Fees earned45,720 Advertising expense4,000 Repairs expense2,200 Supplies expense1,435 Wages expense3,500______ Total$183,435$183,435 ___________________________________________________________ ______ Adjustment data: A. Unused supplies on hand, $250. B. Depreciation on buildings, $3,840. C. Depreciation on equipment, $6,640. D. Unearned fees still unearned, $1,000. E. Salaries earned but not yet paid, $360. F. Accrued interest on the note, $430. G. Fees earned but not recorded and not received, $600. Required: 1. Prepare the adjusting entries. In some instances, it will be necessary to establish new accounts for items not shown on the unadjusted trial balance. 2. Determine the net income or loss for the period. 3. Prepare the closing entries. Case Select a company that is featured in this week’s issue of BusinessWeek. Using the company’s annual report, answer the following questions: A. Examine the balance sheet of this company. Which accounts have debit balances and which accounts have credit balances? B. Trace the net income from the income statement to the statement of owners’ equity. C. Trace the ending balance of retained earnings from the statement of owners’ equity to the balance sheet. D. Trace the ending balance of cash from the statement of cash flows to the balance sheet. E. What is the date for the end of the accounting cycle?

5 Rules for Using Logic to Order Lists

5 Rules for Using Logic to Order Lists 5 Rules for Using Logic to Order Lists 5 Rules for Using Logic to Order Lists By Mark Nichol At least five factors dictate how items in an in-line list a series of items within a paragraph, as opposed to a vertical list are organized. (See an earlier post about in-line lists.) It’s all about the context: alphabetization, chronology, complexity, interrelationship, or sequence. (Guess which context I chose for the preceding sentence.) 1. â€Å"Our shop specializes in teak, ebony, and mahogany furniture.† The store may stock more teak than ebony and more ebony than mahogany, or the order may reflect relative prices, but the sentence does not explicitly or implicitly express either idea. In such ambiguous cases, alphabetical order is an appropriate default setting: â€Å"Our shop specializes in ebony, mahogany, and teak furniture.† 2. â€Å"The major US wars of the nineteenth century were the Mexican-American War, the Civil War, and the War of 1812.† The presentation of information in this sentence does not justify the order in which the list items are given. If it specifically referred to the relative cost in human lives or in dollars, for example, then the sequence would follow that theme, but in the absence of an obvious context, reference to historical events should be chronological: â€Å"The major US wars of the nineteenth century were the War of 1812, the Mexican-American War, and the Civil War.† 3. â€Å"Among his favorite musical pastimes are drumming in a world music ensemble, yodeling, and playing the harpsichord.† Again, absent a contextual framework for a list, it’s best to impose order. In this case, the somewhat amorphous descriptions don’t readily admit an alphabetical scheme, so perhaps, for euphony, the items should be arranged from simplest to most complex in terms of syllabication: â€Å"Among his favorite musical pastimes are yodeling, playing the harpsichord, and drumming in a world music ensemble.† 4. â€Å"It is allowed in some countries, forbidden in a few, and tolerated in others.† This list describes three degrees of tolerance for a certain policy, so the items should be listed in an ascending or descending order: â€Å"It is allowed in some countries, tolerated in others, and forbidden in a few.† 5. â€Å"Take a look at the map, and you will see that Scandinavia consists of Norway, Finland, Denmark, Iceland, and Sweden.† Without the reference to the map, this sentence could be organized by any one of several schemes, including alphabetical order, geographical location, and relative size. But because speakers of English generally read left to right, and maps are usually oriented to the north, a west-to-east organizational scheme seems most appropriate: â€Å"Take a look at the map, and you will see that Scandinavia consists of Iceland, Denmark, Norway, Sweden, and Finland.† (OK, Denmark’s westernmost point is slightly to the east of Norway’s, but would you separate the twins Norway and Sweden?) These contexts are not always mutually exclusive: In a sentence like â€Å"The Olympic medals are gold, silver, and bronze,† the scheme could be described as one of interrelationship (gold is more valuable than silver, which is more valuable than bronze) or sequence (gold is for first place, silver for second place, and bronze for third place). But that’s not the point; the idea is to provide some framework any framework for a list so as not to distract the reader. Sometimes, a list’s lineup is determined more by tradition than anything else: â€Å"The original Three Stooges consisted of Moe, Larry, and Curly.† Moe was the leader of the group, but there’s no reason to mention Larry before Curly rather than the other way around except that it seems to trip off the tongue more easily that way. Sometimes, that’s as good a reason as any. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Style category, check our popular posts, or choose a related post below:Coordinating vs. Subordinating Conjunctions50 Synonyms for "Assistant"Ebook, eBook, ebook or e-book?

Marketing Intelligence Report Essay Example | Topics and Well Written Essays - 2500 words

Marketing Intelligence Report - Essay Example They should devise suitable plans and choose appropriate methods in order to gain high quality marketing information to analyse and evaluate. To this end, the process of Marketing Intelligence is essential. This paper will identify appropriate marketing intelligence requirements for business decision-making that are required to design, plan and implement a marketing intelligence programme. This will be done by focusing on how quantitative and qualitative information can be interpreted and coherently presented with the appropriate intelligence that leads to effective marketing and business decisions. The process, quality and outcomes of a marketing intelligence project will be evaluated to substantiate the report. The paper will examine the marketing intelligence issues relative to financial institutions in the UK. The Marketing Concept and Marketing Intelligence Marketing is the procedure through which an organization plans and executes the creation, promotion, pricing and distribution of goods and services to sell and create satisfaction for consumers and to meet organizational objectives. It is thus required for the organization to focus on consumers in order to understand their needs and to make them satisfied in the shortest possible time and in the most efficient ways that prove to be beneficial for both consumers and the organization. This implies that any organization has to get involved in gathering information relative to consumer needs and collect marketing intelligence in order to efficiently meet the given needs. Marketing research is a crucial element of marketing intelligence and helps in improving the management’s decision making process through the availability of timely, specific and authentic information. All decisions taken by the management create specific needs for information without which the pertinent strategi es cannot be developed. In the context of financial institutions in the UK, market intelligence implies the ability of the institution to collect market information in objective and systematic ways and to effectively analyze and interpret the same. This information should be applied in the right context to come up with strategic proposals and action strategies. The application of the information in the right context is the element that differentiates marketing intelligence from market research. It essentially refers to the aspect of information gathering relative to the wider market intelligence processes. A market intelligent financial institution has the ability to ascertain the kind of efficient marketing research tools that are most applicable to resolve its current problems. It implements the most efficient strategies in ensuring outcomes that are reliable and of high quality. Eventually, such institutions are able to incorporate the outcomes of the research to develop efficien t strategies (Kim and Mauborgne, 2004 ). The process of gathering marketing intelligence The process of gathering marketing intelligence for financial institutions is characterized with a gap in terms of tools that enhance their operations. In most cases, the research outcomes are not fully scattered across the entire institution, which prevents them from being effectively included in the business operations. Mostly, marketing research is an isolated effort that does not allow the results to be acted upon effectively. In addressing this issue, it is important to develop a systematic strategy that takes the institution through the complete procedure of marketing activities from designing to implementing and applying. The institution should determine the objectives and