Frankie is a 10-year old entrepreneur. He is a big fan of sports trading cards and...
Frankie is a 10-year old entrepreneur. He is a big fan of sports trading cards and has a great idea for making money: 1) buy cards in bulk, 2) buy sleeves in bulk, 3)put cards in sleeves, and 4) sell single sleeved cards at a profit to other sports trading card fans. Frankie surveyed his friends and identified Melissa, Steven, Anthony, and Kyle as sports card fans willing to pay fairly high prices to get the cards they want, and...
4. Frankie is a 10-year old entrepreneur. He is a big fan of sports trading cards and has a great idea for making money: 1) buy cards in bulk, 2) buy sleeves in bulk, 3) put cards in sleeves, and 4) sell single sleeved cards at a profit to other sports trading card fans. Frankie surveyed his friends and identified Melissa, Steven, Anthony, and Kyle as sports card fans willing to pay fairly high prices to get the cards they...
Frankie Ferrara Part A Frankie Ferrara is a veteran rock musician. In the late 1970’s, Frankie’s albums were regular mainstays on the Billboard charts. Ferrara has made something of a comeback in the last few years, and today his fans include both teenagers and Baby Boomers. Frankie is finalizing plans for a three month Northeast tour. His schedule is complete except for a show in Boston. Frankie is currently negotiating with Night Howl, a popular club in downtown Boston. Due...
Cecil C. Seymour is a 64-year-old widower. He had income for 2018 as follows: Pension from former employer $39,850 Interest income from Alto National Bank 5,500 Interest income on City of Alto bonds 4,500 Dividends received from IBM stock held for over one year 2,000 Collections on annuity contract he purchased from Great Life Insurance 5,400 Social Security benefits 14,000 Rent income on townhouse 9,000 The cost of the annuity was $46,800, and Cecil was expected to receive a total...
Eleven-year-old Mallory is a budding entrepreneur. She is always coming up with new business ideas. In early summer 2014, her latest venture is a lemonade stand. Mallory is focused on making a high level of profits – she was saving for a new bike. Mallory is trying to do develop a marketing strategy to help her achieve her goals. Last year Mallory helped a friend with a lemonade stand. This year she wants to run her own business. Her parents...
Business Law Class 4. Robin and Boi, best friends since second grade have begun a newsletter or Palabra for fans of their local poetry scene. Though they have kept their day jobs, they spend most of their free time together producing the Palabra, which they create each week in the garage of the house they rent together. They distribute it for free but earn revenue through sales of advertising, and more often than not break even or even turn a...
Robin and Bol, best friends since second grade, have begun a newsletter or "Palabra for fans of their local poetry scene. Though they have kept their day jobs, they spend most of their free time together producing the Palabra, which they create each week in the garage of the house they rent together. They distribute it for free but earn revenue through sales of advertising, and more often than not break even or even turn a small profit. Their dreams...
Narges is a store manager in the Vancouver location of Elysia Kim Fashion’s Inc. (“EKF”), a moderately profitable international women’s fashion store with over 100 locations in 65 countries around the world. While EKF has struggled in the retail industry with flat sales and heavy competition from other women’s fashion retailers, for the first time in four years EKF showed a modest rise of four percent in its annual net profit from its worldwide store sales. This prompted the company...
Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John Berry graduated from college with an accounting degree. After 10 years at an international accounting firm, John decided to start his firm, Berry, CPA’s. The firm, located in Oakwood, caters to local clients; specifically, John and his staff of four professionals specialize in non-public companies. The majority of the services provided by Berry, CPA’s are tax planning and preparation; however, the firm also performs...
Question 1 For a firm to recognize revenue, it must 1 point Have delivered something to the customer have received at least some cash from the customer be earned and realized/realizable either have received cash or have a signed contract 2. Question 2 Your friend Yong has a company making and selling watches with bands that are customized to match university colors. The business started locally, but now has expanded around the world. His strategy is to sell in bulk...