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By branding products that span refrigerators, TVs, washing machines, and cellphones with “LG,” LG Electronics is practicing a master or umbrella brand strategy.

Nash Company began operations on January 2, 2019.  It employs 10 individuals who work 8-hour days and are paid hourly.  Each employee earns 9 paid vacation days and 6 paid sick days annually.  Vacation days may be taken after January 11 of the year following the year in which they are earned.  Sick days may be taken as soon as they are earned; unused sick days accumulate.  Nash Company records both vacation pay and sick pay as compensated absences. Nash Company accrues the cost of compensated absences at rates of pay in effect during the period when the absences are earned. Additional information is as follows:   What is the balance in liabilities for compensated absences as of the end of the year, 2019?  

Please use the following information to answer the next three questions, Q14-Q16 Wrigley’s Spearmint Gum retail price point is $1.00. They sell the gum  to grocery stores via a distributor which takes a 20% margin. Wrigley’s total variable costs on the bars are $.20 and its cost of goods sold is $.15. The retailer’s margin is 30%.

On January 1, Year 2, Miller Company purchased 25% of Wall Corporation’s common stock; no goodwill resulted from the purchase. Miller uses the equity method to account for this investment, and the balance in Miller’s investment account was $190,000 at December 31, Year 2. Wall reported net income of $100,000 for the year ended December 31, Year 2, and paid common stock dividends totaling $48,000 during Year 2. How much did Miller pay for its 25% interest in Wall?  

Polo by Ralph Lauren is the example of a Sub-brand strategy.

An ad shows an unsavory character loitering around the front door of a home. The camera cuts to a guy at an office who sees a notice on his phone that someone is at his front door. He presses a button, sees the loiterer, presses another button and says to the guy, “I’m calling the police, you better leave now.” We then see the individual running away down the street. A shot of the “Ring” doorbell and logo comes up and says, “Ring – Always Home.” Which of Maslow’s Needs is this ad primarily appealing to?

Tyler Co. reported the following Wages Payable balances: The income statement for Tyler reported wages expense of $200,000 for Year 2.  What amount of cash did Tyler pay for wages during Year 2?  

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Chapter 13, Current Liabilities and Contingencies

The company provides the following data as of January 1, 2020: Projected benefit obligation $400,000 Accumulated benefit obligation: 340,000 Plan assets at fair value: 250,000 Net Loss-AOCI: 50,000 Average remaining service of employees: 20 years What amount of Net Loss-AOCI should the company amortize for 2020?