Tp1.
lo 2.1in a team of two or three students, interview the manager/owner of a local business. in this interview, ask the manager/owner the following questions:

does the business collect and use cost information to make decisions?
does it have a specialist in cost estimation who works with this cost data? if not, who is responsible for the collection of cost information? be as specific as possible.
what type of cost information does the business collect and how is each type of information used?
how important does the owner/manager believe cost information is to the success of the business?

then, write a report to the instructor summarizing the results of the interview.
content of the memo must include

date of the interview,
the name and title of the person interviewed,
name and location of the business,
type of business (service, merchandising, manufacturing) and brief description of the goods/services provided by the business, and
responses to questions a–d.

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.

What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations