LENNOX CHASE DEVELOPMENT, LLC
(A NORTH CAROLINA LIMITED LIABILITY COMPANY)
FINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS REPORT
NCHFA PROJECT NO. 9001002
YEARS ENDED DECEMBER 31, 2015 AND 2014
LENNOX CHASE DEVELOPMENT, LLC
(A NORTH CAROLINA LIMITED LIABIL
AMERICAN INTERCONTINENTAL UNIVERSITY
BUSIDR. ALI HALAFAT
This paper talks about two colleagues that proposed to partner and start a clothing business after
their graduation. Partnership is a relationship existing between two or more p
Suppose your elasticity of demand for your parking lot spaces is -2, and your price is $8 per day. If your
MC is zero, and your capacity is 80% full at 9 A.M. over the last month, are you optimizing?
No, it is not optimizing. Because th
Market Size and Revenue Estimating Model
This modeling tool will help you develop reasonable, reliable and credible estimates of the market size
for your product or service.
Using the modeling tool, you will be able to calculate the size of your Total Mar
The Big Calculating Tool for your ann
Calculating financial ratios is an important part of analyzing an annual report for
calculating tool can help you make the task much easier.
Analyzing trends is a vital aspect of interpreting the financial data in an
SWOT Analysis Model
SWOT analysis is a great tool for viewing and assessing your business and its:
It is a straightforward tool to allow managers to take a close look at their company and make it
Accounting Cycle Review Problem A
Name: Nakoyia Burns
For this problem, the journal, ledger, and work sheet and statements are under separate tabs.
Enter the appropriate amounts/formulas in the shaded (gray) cells, or select from the drop-down lists.
Homework Week 7
Required rate of return 15%
Homework Assignment Week 4
Summit Manufacturing produces snow shovels. The selling price per snow shovel is $30. There
is no beginning inventory.
Costs involved in production are:
Variable Manufacturing Ove
Chapter # 12 of Managerial Accounting
Problems 3, 7, 10, and 15
Chapter # 14 of Managerial Accounting
Problems 13, 14, and 15
A. Return on Investment = NOPAT/ Invested Capital x 100
It measures the percentage of the income that must be earn
Material Price Variances
Material Quantity Variances
Chapter 14 Analyzing Financial Statements: A Managerial Perspective
ANALYZING FINANCIAL STATEMENTS: A
Managers may conduct an analysis of the financial statements of one of its suppliers to
A copy company wants to expand production. It currently has 20 workers who share 8 copiers. Two
month ago, the firm added two copiers, and output increased by 100,000 pages by day. One month ago
they added 5 workers, and production also
Youre the manager of global opportunities for a U. S. manufacturer, who is considering expanding sales
into Asia. Your market research has identified the market potential in Malaysia, Philippines, and
Singapore as described next:
To conduct an experiment, AMC increased ticket prices from $9.00 to $10.00 and measured the change
in ticket sales. Using the data over the following month, they concluded that the increase was profitable.
However, over the subsequent mo
Case Study 7-2
Chapter 7 Case Study
In order to loosen the constraints in coating and sharpening the company should definitely focus on the
products that have the highest profit margin. Those products that do not produce a significant amount
The U.S. government subsidizes flood insurance because those who want to buy it live in the flood plain
and cannot get it at reasonable rates. What inefficiency does this create?
This creates an inefficiency of wealth distribution. The subsidies take
Homework Assignment Wk 6
(# of people X price per person)
(# of pe
Week 5 Homework Assignment
A. Suggest allocation bases to be used in allocating the service department costs to the two
a. # of employees
b. # of pages
c. Square footage of location
d. Amount of revenue produced
The below figure represents the potential outcomes of your first salary negotiation after graduation.
Assuming this is a sequential-move game with the employer moving first, indicate the most likely
outcome. Does the ability to move fir
Ken Howard, financial analyst at KMW Corporation, is examining the behavior of quarterly maintenance costs
for budgeting purposes. Howard collects the following data on machine-hours worked and maintenance costs
for the past 12 quarters:
Chapter 4: Gross Income
Gross Income, according to the Internal Revenue Code, includes all
income unless specifically exempted by law.
The Concept Of Income
Economic Concept of Income
Economic Income is the maximum amount a person can
consume during a
1. The majority of dollars collected by the U.S. government come by way
of corporate taxation.
2. Prior to the Sixteenth Amendment direct taxes were illegal.
3. All U.S. ta
1. Taxpayers are allowed to take the larger of their itemized
deductions or the standard deduction.
2. If no one person contributes more than half the support of a
dependent, the exemption m
1. Dr. Yomo, a cash basis taxpayer, received a check for $250 after
banking hours on December 30, 2013, from a patient. Since Dr. Yomo
could not deposit the check in his business checking account until
1. Interest on insurance dividends left on deposit with an insurance
company and withdrawable upon demand is taxable to the policyholder only
when actually withdrawn.
2. Payments up
1. An ordinary expenditure is one which is commonly incurred by other
2. Hobby expenditures are deductible to the extent of hobby gross
3. If an employe
1. Practically all tax shelters were formed as limited partnerships.
2. Portfolio income is interest, dividends, annuities, and royalties
derived in the ordinary course of a trade or busines