Below are the transactions for ute sewing shop for march, the first month of operations.
march 1 issue common stock in exchange for cash of $1,700.
march 3 purchase sewing equipment by signing a note with the local bank, $1,400.
march 5 pay rent of $470 for march.
march 7
martha, a customer, places an order for alterations to several dresses. ute estimates that the alterations will cost martha $670. martha is not required to pay for the alterations until the work is complete.
march 12
purchase sewing supplies for $117 on account. this material will be used to provide services to customers.
march 15 ute delivers altered dresses to martha and receives $670.
march 19
ute agrees to alter 10 business suits for bob, who has lost a significant amount of weight recently. ute receives $570 from bob and promises the suits to be completed by march 25.
march 25 ute delivers 10 altered business suits to bob.
march 30 pay utilities of $82 for the current period.
march 31 pay dividends of $85 to stockholder
1. record each transaction
2. post each transaction to the appropriate t-accounts
3. prepare a trial balance as of march 31.

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i. e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?