Scenario 1: We decided to open a new branch in Puget Sound. Provide two alternate approaches to pick the location of the new branch (it could be a neighborhood that we already have a branch in, or it could be a neighborhood that we don’t have presence in yet). Scenario 2: We just received news from our lemon supplier that they are going out of business in three months. Explain a data-driven approach to picking a new lemon supplier. Scenario 3: We are starting a new employment program for college students in Puget Sound area. What platforms should we use to attract the best talent? When we receive the applications (say we received 100 applications) how should we pick the 5 we will employ. Provide two alternate approaches. Scenario 4: (Opposite of Scenario 1) There is a recession looming. We need to choose a branch to close. Provide two alternate approaches to pick the branch to close. Scenario 5: We want to introduce ice-cream to our business. But that requires new equipment and staff (upfront cost). We need to estimate how much ice cream we would sell and when we would break even. Provide an approach to estimate the breakeven point.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?