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.

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?

Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.