Ahmed company purchases all merchandise on credit. it recently budgeted the following month-end accounts payable balances and merchandise inventory balances. cash payments on accounts payable during each month are expected to be: may, $1,200,000; june, $1,500,000; july, $1,400,000; and august, $1,400,000accountspayable merchandise inventorymay 31 $ 150,000 $ 260,000 june 30 130,000 500,000 july 31 300,000 300,000 august 31 120,000 330,000 (1) compute the budgeted amounts of merchandise purchases. budgeted amounts: june july augustending accounts payable payments on account subtotal 0 0 0beginning accounts payable purchases $0 $0 $0(2) compute the budgeted amounts of cost of goods sold. budgeted amounts: june july augustbeginning inventory purchases cost of goods available for sale ending inventory (500,000) (300,000) (330,000)cost of goods sold $

John novosel was employed by nationwide insurance company for fifteen years. novosel had been a model employee and, at the time of discharge, was a district claims manager and a candidate for the position of division claims manager. during novosel's fifteenth year of employment, nationwide circulated a memorandum requesting the participation of all employees in an effort to lobby the pennsylvania state legislature for the passage of a certain bill before the body. novosel, who had privately indicated his disagreement with nationwide's political views, refused to lend his support to the lobby, and his employment with nationwide was terminated. novosel brought two separate claims against nationwide, arguing, first, that his discharge for refusing to lobby the state legislature on behalf of nationwide constituted the tort of wrongful discharge in that it was arbitrary, malicious, and contrary to public policy. novosel also contended that nationwide breached an implied contract guaranteeing continued employment so long as his job performance was satisfactory. what decision as to each claim?

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of: