If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not. To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

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Answer 1

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Chapter 12, Problem 12.7E

1.

To determine

Introduction: If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not.

To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

To determine

Introduction: The balanced scorecard continuously tests the theories built following the strategic goals of the company. If the strategies are not working as expected, it should be the result of the failure of some if-then hypothesis statements. In such cases, timely changes must be made to the statements to achieve the strategic goals.

The reason for non-improvement in the then statements even if the improvements are made in the if statement.

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Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 2012 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $2,500. 4. Paid advertising expense, $1,000. 5. Paid cash for supplies, $1,800. 6. Purchased office equipment on account, $11,500. 12. Received cash from customers on account, $7,500. 20. Paid creditor on account, $2,700. 27. Paid cash for miscellaneous expenses, $700. 30. Paid telephone bill for the month, $475. 31. Fees earned and billed to customers for the month, $42,400. 31. Paid electricity bill for the month, $900. 31. Paid dividends, $1,500.

Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Debit Balances Credit Balances 20,350 37,000 1,100 200 171,175 36,000 26,000 Common Stock 50,000 Retained Earnings 94,150 Dividends 15,000 Fees Earned 429,850 Wages Expense 270,000 Rent Expense 63,000 Advertising Expense 25,200 Miscellaneous Expense 5,100 608,125 636,000

On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct. 1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $40,000. 2 Paid rent on office and equipment for the month, $4,800. 3 Purchased supplies on account, $2,150. 4 Paid creditor on account, $1,100. 10 5 Earned sales commissions, receiving cash, $18,750. 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $800. 7 Paid office salaries, $3,500. 8 Determined that the cost of supplies used was $1,300. 9 Paid dividends, $1,500.

Answer 2

Question

Chapter 12, Problem 12.7E

1.

To determine

Introduction: If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not.

To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

To determine

Introduction: The balanced scorecard continuously tests the theories built following the strategic goals of the company. If the strategies are not working as expected, it should be the result of the failure of some if-then hypothesis statements. In such cases, timely changes must be made to the statements to achieve the strategic goals.

The reason for non-improvement in the then statements even if the improvements are made in the if statement.

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Answer 3

Question

Chapter 12, Problem 12.7E

1.

To determine

Introduction: If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not.

To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

To determine

Introduction: The balanced scorecard continuously tests the theories built following the strategic goals of the company. If the strategies are not working as expected, it should be the result of the failure of some if-then hypothesis statements. In such cases, timely changes must be made to the statements to achieve the strategic goals.

The reason for non-improvement in the then statements even if the improvements are made in the if statement.

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Answer 4

Question

Chapter 12, Problem 12.7E

1.

To determine

Introduction: If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not.

To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

To determine

Introduction: The balanced scorecard continuously tests the theories built following the strategic goals of the company. If the strategies are not working as expected, it should be the result of the failure of some if-then hypothesis statements. In such cases, timely changes must be made to the statements to achieve the strategic goals.

The reason for non-improvement in the then statements even if the improvements are made in the if statement.

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Answer 5

Chapter 12, Problem 12.7E

1.

To determine

Introduction: If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not.

To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

To determine

Introduction: The balanced scorecard continuously tests the theories built following the strategic goals of the company. If the strategies are not working as expected, it should be the result of the failure of some if-then hypothesis statements. In such cases, timely changes must be made to the statements to achieve the strategic goals.

The reason for non-improvement in the then statements even if the improvements are made in the if statement.

Answer 6

Chapter 12, Problem 12.7E

1.

To determine

Introduction: If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not.

To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

Answer 7

Chapter 12, Problem 12.7E

1.

To determine

Introduction: If-then hypothesis statements are built to establish the causes and effect relationships between the performance measures in the balanced scorecards. These help in determining whether the performance measures in the balanced scorecards contribute to the strategic goals of the company or not.

To connect the if then hypothesis statements and to indicate whether it should be increased or decreased.

Answer 8

To determine

Introduction: The balanced scorecard continuously tests the theories built following the strategic goals of the company. If the strategies are not working as expected, it should be the result of the failure of some if-then hypothesis statements. In such cases, timely changes must be made to the statements to achieve the strategic goals.

The reason for non-improvement in the then statements even if the improvements are made in the if statement.

Answer 9

To determine

Introduction: The balanced scorecard continuously tests the theories built following the strategic goals of the company. If the strategies are not working as expected, it should be the result of the failure of some if-then hypothesis statements. In such cases, timely changes must be made to the statements to achieve the strategic goals.

The reason for non-improvement in the then statements even if the improvements are made in the if statement.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 12 - Prob. 12.1Q Ch. 12 - Prob. 12.2Q Ch. 12 - Prob. 12.3Q Ch. 12 - Prob. 12.4Q Ch. 12 - Prob. 12.5Q Ch. 12 - Prob. 12.6Q Ch. 12 - Prob. 12.7Q Ch. 12 - Prob. 12.8Q Ch. 12 - Prob. 12.9Q Ch. 12 - Prob. 12.10Q

Solution Summary: The author explains how if-then hypothesis statements are built to establish causes and effect relationships between the performance measures in the balanced scorecards.

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Chapter 12 Solutions