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Ceylon Manufacturing Ltd. incurred $29,200 in costs for roofing work at its factory: $28,000 to replace the previous roof installed when the building was first built, and $1,200 to repair and replace some shingles on the garage extension as a result of a recent storm. The factory building was constructed 15 years ago. The original roof was not recognized as a separate component of the building and its original cost is not known. The building had been depreciated on a straight-line basis assuming a 40-year useful life. Construction costs in the area have doubled since the factory was completed 15 years ago. Prepare the journal entries to record1.    Cost of roofing work2.    Removal of original roof’s carrying amount 

The cleaning products company Method distinguished itself with ‘quirky, clear bottles emphasizing plant-based contents.’ How does this specific packaging choice function as a key part of its brand strategy?

What is the foundational first step in Stanford’s 5-Step Human-Centered Design (HCD) process?

 A subscription box service for pet toys is experiencing high customer churn. However, their data reveals that a small group of customers who use the ‘customize your box’ feature have a near-zero cancellation rate. Based on this, which type of pivot would be most logical to pursue?

A new high-end spa is receiving feedback that while its massage services (Product) are excellent and its staff (People) are professional, the overall experience feels sterile and unwelcoming. To address this, which of the 7 Ps should the marketing strategy focus on improving to better align with its premium brand image?

A startup has spent 18 months developing a highly complex social media platform in secret, believing its advanced features will guarantee success. Which Lean Startup principle has been most significantly violated, and what is the most probable negative outcome?

In the context of a startup, what is the defining characteristic of a ‘pivot’?

In the context of entrepreneurial problem-solving, what is the primary focus of an ‘adaptive thinker’?

After conducting interviews and observations (the Empathize stage), a design team concludes that users are abandoning their new fitness app because they feel overwhelmed by the number of features. According to the HCD process, what is the most appropriate next step?

A mobile app startup releases a new feature designed to increase user engagement. A traditional analysis shows total daily active users increased by 5%. However, an Innovation Accounting analysis using cohorts shows that while new users love the feature, engagement among users who signed up before the change has plummeted. What does this analysis reveal?