Chapter 2, Problem 2CC

Janet has a small business which is a spa and beauty retreat where she also employs a few staff. With her growing operation she has identified the need to implement a computerized accounting information system. In order to have a system that meets her needs exactly and also to save cost, she has asked you to create a simple, customized solution for her business. Her immediate need is for a customer sales information system, so that is what you will now create.   Janet’s receptionist maintains a client file that contains each client’s full name, cellphone number, favourite treatment (if known), and special considerations (e.g. allergies). When a client wants to come in for spa or beauty services, they first call Janet’s receptionist for a reservation. The receptionist books a time in her appointment book, noting a unique identifier for the visit, the date and time of the appointment, what service or services the client will receive, the total price, and which staff member will serve the…

What Would You Say? A friend of yours wants to start her own pet-sitting business. She already has a business license that is required in her city. She has had a personal checking account for years. You have told her that she also needs to open a separate account for her business needs, but she does not understand why she needs to have two separate accounts. Explain to her why she should have a business account separate from her personal account. Use some of the language of business you have learned in your texts Introduction and in this chapter.

You are to interview a local business owner. (This can be a friend or relative.) Opening lines of communication with members of the business community can provide personal benefits of business networking. If you do not know the owner, you should call ahead to introduce yourself and explain your position as a student and your assignment requirements. You should request a 30-minute appointment for a face-to-face or phone interview to discuss the form of organization and operations of the business. Be prepared to make a good impression. Determine and explain why the owner(s) chose this particular form of organization.

After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system.RequiredIn a paragraph each, address the following questions:a) Discuss five benefits associated with the implementation of the computerizedaccounting system within the company.b) Giventhattherearesomanyaccountingpackagesonthemarket,whatshouldyoube looking for when selecting a computerized accounting package for the company?Explain any five factors to considerc) Assuming you procure a Sales Ledger package, what kind of reports should weexpect? List five types of reports expected to be generated.d) Explainthedifferencebetweenastand-alonepackageandanintegratedpackage?Explain two advantaged and two disadvantages of an integrated packagee) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes…

After investigating the different forms of business organization, Natalie Koebel decides to operate her business as a corporation, Cookie Creations Inc., and she begins the process of getting her business running.While at a trade show, Natalie is introduced to Gerry Richards, operations manager of “Biscuits,” a national food retailer. After much discussion, Gerry asks Natalie to consider being Biscuits’ major supplier of oatmeal chocolate chip cookies. He provides Natalie with the most recent copy of the financial statements of Biscuits. He expects that Natalie will need to supply Biscuits’ Watertown warehouse with approximately 1,500 dozen cookies a week. Natalie is to send Biscuits a monthly invoice, and she will be paid approximately 30 days from the date the invoice is received in Biscuits’ Chicago office.Natalie is thrilled with the offer. However, she has recently read in the newspaper that Biscuits has a reputation for selling cookies and donuts with high amounts of sugar and…

You are to interview a local business owner. (This can be a friend or relative.) Opening lines ofcommunication with members of the business community can provide personal benefits of business networking.If you do not know the owner, you should call ahead to introduce yourself and explain yourposition as a student and your assignment requirements. You should request a 30-minute appointment fora face-to-face or phone interview to discuss the form of organization and operations of the business. Beprepared to make a good impression. Identify and describe the main operating activities and the form of organization for this business.

Real Life Situation: You are a company owner and you decide to sell your own personal computer to your own business for $1,200. From now on, that computer will be used only for business purposes.  How would you record the related transactions regarding the above decision in your company accounting books?

Nicole’s Getaway Spa (NGS) continues to grow and develop. Nicole is now evaluating a computerized accounting system and needs your help in understanding how source documents informaccounting processes. She also needs some help reconciling NGS’s bank account.Required:1. For each source document shown below, prepare the appropriate journal entry or indicate thatno journal entry is required.a. Purchase order dated October 13 for massage chairs costing $765 and oil suppliescosting $240.

Exploring a Corporation's Financial Statements Use Yahoo Finance to complete this assignment. Please note that website information changes over time, and these changes may limit your ability to answer some of these questions. Using financial websites such as finance.yahoo.com and money.msn.com, you can access a wealth of financial information for companies such as Tesla, Inc. By entering the company's ticker symbol, TSLA, you will be able to access a great deal of useful information, including a summary of what Tesla does (Profile), a chart of its recent stock price (Summary), EPS estimates (Analysts), recent news stories (Summary), and a list of key financial data and ratios (Statistics). In researching a company's operating performance, a good place to start is the recent stock price performance. From an interactive chart, you can obtain a chart of the company's stock price performance and compare it to the overall market (as measured by the S&P 500 index). As you will see, Tesla has…