unconditional right of return to these products if not fully satisfied. The right of return extends for 4 months. Organic Growth sells these seeds on account for $1‚500‚000 on January 2‚ 2012. Companies are required to pay the full amount due by March 15‚ 2012. (a) Prepare the journal entry for Organic Growth at January 2‚ 2012‚ assuming Organic Growth estimates returns of 20% based on prior experience. (Ignore cost of goods sold.) (b) Assume that one customer returns the seeds on March 1‚ 2012‚
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Company Background Bombardier Inc. is an international aerospace and transportation company‚ which is headquartered in Montreal‚ Canada. Tracing back to 1942‚ Bombardier Inc. was established by Joseph-Armand Bombardier at Valcourt in the eastern of Quebec‚ Canada. Bombardier Inc. has two main business focuses‚ which can be split into two divisions; Bombardier Aerospace (BA) and Bombardier Transportation (BT). The main objective of Bombardier Inc. had always been to be a leader in both aerospace and
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Posing to be a successful division of the organization‚ the Big Eats Deli sandwiches at 7-Eleven‚ Inc. were pleased with the continued progress this sector offered (Bell & Hagan‚ 2012). Utilizing a strategy determined in a cross-cultural market‚ 7-Eleven CEO James Keyes found it to be intriguing and challenging to implement such a plan in the United States. However due to strong competition amongst convenience stores in the United States and different eating habits of consumers‚ this proved to
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History of the California Missions (1769-1823) You may already know that there are 21 missions today in the state of California. Starting in San Diego all the way past San Francisco‚ the missions remind us of an earlier time when the Spanish were colonizing Alta California. The California missions were started because the Spanish king wanted to create permanent settlements in the area of the New World called Alta California. The decision to create Spanish missions in California was political
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Written Assignment #1 –California Travel and Tourism Commission (Visit California) In 1998‚ the California Travel and Tourism Commission was created to increase tourism within the State of California. Today‚ the California Travel and Tourism Commission touts its status as one of the premier destination management organizations in the United States and internationally. Since its inception‚ the CTTC has tripled its growth over an impressive 25 year history built on innovation in industry best practice
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Systems I Mid-term Exam Date: March 2‚ 2013 Time: 1h30 (10:00-11:30) Professors: A. Karmouch and Hasan Ural Instructions: Answer ALL questions. This is a close-book examination. Use the provided space to answer the following questions. If more space is needed‚ use the back of the page. Show all your calculations to obtain full marks. Calculators are NOT allowed. Read all the questions carefully before you start. Question Points Percentage 1 40% 2 60% Total 100% Question 1 (40 points:
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FIFE SOLUTIONS LTD SECTION A: STARTING UP Fife Solutions Ltd‚ a firm of IT consultants was set up by Pradeep Sharma and Justyna Brown 10 years ago. It had always been their dream whist at University to set up their own business but immediately after graduating‚ they went their separate ways and gained experience in the IT field. A generous development grant from the government allowed them to pursue their dream and Fife Solutions was born. This new company allowed Justyna and Pradeep to play
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implement to prevent future violations of the California Alcoholic Beverage Control (ABC) regulations‚ as well as other company violations. I will then address how Patton should handle the three employees who violated the regulations. PROCEDURES Carter Mario‚ George Pavlov‚ and Joe Roberts violated numerous Westchester Distributing‚ Inc. and ABC regulations. In one instance‚ Mario and Pavlov bribed a customer to purchase beer by giving him a “two-dollar-per-case kickback”‚ a clear violation of ABC regulations
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The Wallace Group; Laurence J. Stybel | | | Case 2 The Wallace Group‚ Inc. I. CASE ABSTRACT Harold Wallace‚ founder‚ serves as Chairman and President of the Wallace Group. He owns 45 percent of the outstanding stock. The company consists of three operating groups?Electronics‚ Plastics‚ and Chemicals‚ which generate sales of $70 million. Mr. Wallace continues direct operational control over the Electronics Group. Several years ago‚ Wallace and the Board embarked on a strategy
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A very good afternoon. The Topic for my speech is: Life from the eyes of an 18 year old. I would like to begin with one of my favorite quotes that goes thus: “The most difficult phase of your life is not when no one understands you‚ it is when you don’t understand yourself.” With this I would like to take you down your memory lane and give you a glimpse of my life‚ as to how it feels to be 18! 18 signals the end of the childhood days and the start of the adventures of adulthood. To some‚ it
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