3. The following balances were extracted from the books of S Singh on 30 June 2002: $
100,000
1,500
10,450
200
8,000
6,000
44,000
30,000
45,300
52,800
1,800
700
Capital
Drawings
Stock (1 July 2001)
Petty cash
Debtors
Creditors
Premises
Motor vehicles
Purchases
Sales
Returns inwards
Returns outwards
Bank (overdraft)
Insurance
Wages
Provision for depreciation of motor vehicles
Rates
Advertising
Commission
Repairs and maintenance
Discount received
9 Carriage inwards
Carriage outwards
Provision for doubtful debts
2,700
1,000
12,400
5,700
1,500
3,000
2,300
2,600
1,500
4,000
1,750
400
Additional information:
(i) Stock on 30 June 2002 was valued at $11,245.
(ii) Depreciation at a rate of 20% per annum on the net book value is to be charged on the
motor vehicles.
(iii) Wages owing at the end of the year amounted to $300.
(iv) Insurance paid was for the period 1 October 2001 to 30 September 2002.
(v) Provision for doubtful debts is to be increased to $500.
(vi) During the year, the owner withdrew goods valued at $800 from the business stock for
private use. No entries had been made in the books for the withdrawal of these goods.
You are required to prepare the:
(a) Trading and Profit and Loss Account for the year ended 30 June 2002;
(b) Balance Sheet as at 30 June 2002.

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?

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?