Adjusting entries the wheel place, inc., began operations on march 1 to provide automotive wheel alignment and balancing services. on march 31, 2012, the unadjusted balances of the firm's accounts are as follows: the wheel place, inc. unadjusted trial balance march 31, 2012 debit credit cash $1,900 accounts receivable 3,820 prepaid rent 4,780 supplies 3,700 equipment 36,000 accounts payable 2,340 unearned service revenue 1,000 common stock 38,400 service revenue 12,360 wages expense 3,900 totals $54,100 $54,100 the following information is also available: the balance in prepaid rent was the amount paid on march 1 for the first 4 months rent. supplies on hand on march 31 were $1,750. the equipment, has an estimated life of 4 years. unpaid wages at march 31 were $860. utility services used during march were estimated at $420. a bill is expected early in april. the balance in unearned service revenue was the amount received on march 1 from a new car dealer to cover alignment and balancing services on all new cars sold by the dealer in march and april. the wheel place agreed to provide the services at a fixed fee of $530 each month.

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.