At Mayflower & Juneberry, a garden supply store, buyers need to keep abreast of the latest landscaping trends and order each seasonâs merchandise in time for it to be on the shelves when customers want it. If customers visit the store and donât find what they want, they will try one of many local competitors or online retailers. The data show that when customers have a good experience elsewhere, they usually donât come back to Mayflower & Juneberry.
1. Which of the following management actions would most motivate these employees?
A. Set easy goals so that buyers can always feel as though they are meeting them.
B. Share customer satisfaction ratings with the sales clerks who have one-on-one contact with customers but do not share this information with the buyers.
C. Give buyers a goal of ordering each seasonâs merchandise by a particular date; then give them daily feedback about what percentage of the upcoming seasonâs merchandise has been ordered.
D. Share quarterly sales results with buyers after the results have been tabulated so buyers know how successful they were.

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.