your friends, jim and joey (16) are twin brothers and just received a $1000 inheritance from a wealthy aunt. jim wants the two of them to put their money together and buy a 4-wheeler. joey says he wants to put his money in a savings account. jim comes to you to ask you to help persuade joey to buy the 4-wheeler. what is your best financial advice?

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

Circuittown commenced a gift card program in january 2018 and sold $12,150 of gift cards in january, $19,150 in february, and $18,100 in march of 2018 before discontinuing further gift card sales. during 2018, gift card redemptions were $7,850 for the january gift cards sold, $4,350 for the february cards, and $4,250 for the march cards. circuittown considers gift cards to be “broken” (not redeemable) 10 months after sale. required: 1. how much revenue will circuittown recognize with respect to january gift card sales during 2018? 2. prepare journal entries to record the sale of january gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. 3. how much revenue will circuittown recognize with respect to march gift card sales during 2018? 4. what liability for deferred revenue associated with gift card sales would circuittown show as of december 31, 2018?

Finally, you talk to oscar, the swedish manager of the plant in japan. he has been forceful with the japanese workers (and flirtatious with the female workers), but they do not respect him. he has even tried to bribe the workers to get them to perform. based on what you have learned so far, what do you think is the problem here