Feb 25 Received payment of USD 4400 for remodeling a basement into a recreation

Feb 25 received payment of usd 4400 for remodeling a

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Feb. 25 Received payment of USD 4,400 for remodeling a basement into a recreationroom. The homeowner purchased all of the building materials.Mar. 5 Paid cash for an advertisement that appeared in the local newspaper, USD 150.Apr. 10 Received USD 7,000 for converting a room over a garage into an office for acollege professor. The professor purchased all of the materials for the job.11 Paid gas and oil expenses for automobile, USD 900.12 Miscellaneous business expenses were paid, USD 450.15 Paid dividends of USD 2,000.a. Prepare journal entries for these transactions.b. Post the journal entries to T-accounts.c. How profitable is this new venture? Should Jacobs stay in this business?Annual report analysis B Refer to the Annual Report of The Limited, Inc. in the AnnualReport Appendix. Perform horizontal and vertical analyses of the liabilities andstockholder's equity sections of the balance sheets for the two most recent years shown.Horizontal analysis involves showing the dollar amount and percentage increase ordecrease of the latest year over the preceding year amounts. Vertical analysis involvesshowing the percentage of total liabilities and stockholder's equity that each accountrepresents as of the balance sheet dates. Write comments on any important changesbetween the two years that are evidence of decisions made by management.Annual report analysis C In The Home Depot's recent Annual Report, the followingpassages appear:The primary key to our success is our 39,000 employees who wear those orange aprons you seein our stores.Few great achievements—in business or in any aspect of life—are reached and sustainedwithout the support and involvement of large numbers of people committed to shared values andgoals they deem worthy. Indeed, one need look no further than the business section of the morningnewspaper to read of how yet another "blue chip" American business, entrenched in and isolated
by its own bureaucracy, has lost the support of its employees and customers...Frankly, the biggest difference between The Home Depot and our competitors is not theproducts on our shelves, it is our people and their ability to forge strong bonds of loyalty and trustwith our customers......Contrary to conventional management wisdom, those at the top of organization charts are notthe source of all wisdom. Many of our best ideas come from the people who work on the salesfloor. We encourage our employees to challenge senior management directives if they feel stronglyenough about their dissenting opinions......We want our people to be themselves and to be bold enough to apply their talents asindividuals. Certainly, people can often perceive great risk acting this way. Thus, we go to greatlengths to empower our employees to be mavericks, to express differences of opinion without fearof being fired or demoted...We do everything we can to make people feel challenged and inspiredat work instead of being threatened and made to feel insecure. An organization can, after all,

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