Answer Q 1 & 3 from Penn State Case 12.3, p 322 (5 pt.)EXPLICITLY APPLY textbook material in your answer!

Exercise 3-4 Determine the missing amounts in each of these four separate situations a through d. a   b   c   d Supplies available — prior year-end . . . . . . . . . . . . . . . . $ 300   $1,600     $1,360   ? Supplies purchased during the current year . . . . . . . . . 2,100   5,400   ?   $6,000 Supplies available — current year-end . . . . . . . . . . . . . . 750   ?     1,840   800 Supplies expense for the current year . . . . . . . . . . . . . ?   1,300   9,600   6,575 Exercise 3-7 Use the following information to compute profit margin for each separate company a through e. Net Income   Net Sales   Net Income   Net Sales a. $ 5,390   $ 44,830   d. $55,234   $1,458,999 b. 87,644   398,954   e. 70,158   435,925 c. 93,385   257,082 Which of the five companies is the most profitable according to the profit margin ratio? Interpret that company’s profit margin ratio. Exercise 3-4A A six-column table for JJW Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2011. The last two columns contain the adjusted trial balance as of the same date. Required Analysis Component 1. Analyze the differences between the unadjusted and adjusted trial balances to determine the eight adjustments that likely were made. Show the results of your analysis by inserting these adjustment amounts in the table’s two middle columns. Label each adjustment with a letter a through h and provide a short description of it at the bottom of the table. Preparation Component 2. Use the information in the adjusted trial balance to prepare the company’s (a) income statement and its statement of retained earnings for the year ended July 31, 2011 (note: retained earnings at July 31, 2010, was $23,420, and the current-year dividends were $10,000), and (b) the balance sheet as of July 31, 2011. Unadjusted  Adjustments  Adjusted Trial Unadjusted  Adjustments  Adjusted Trial Trial Balance  Ba  n  Adjustments Trial Balance  Balance Cash . . . . . . . . . . . . . . . . . . . . . . .   $ 27,000     _________________  $ 27,000 Accounts receivable . . . . . . . . . . .   12,000     _________________  22,460 Office supplies . . . . . . . . . . . . . . . .  18,000    _________________   3,000 Prepaid insurance . . . . . . . . . . . . .   7,320     _________________   4,880 Office equipment . . . . . . . . . . . . .   92,000    _________________  92,000 Accum. Depreciation Office equip. . . . . . . . . . . . . . . .       $ 12,000  _________________     $ 18,000 Accounts payable . . . . . . . . . . . . .       9,300  _________________     10,200 Interest payable . . . . . . . . . . . . . . .      0  _________________     800 Salaries payable . . . . . . . . . . . . . . .      0   _________________     6,600 Unearned consulting fees . . . . . . .       16,000  _________________     14,300 Long-term notes payable . . . . . . .       44,000  _________________     44,000 Common stock . . . . . . . . . . . . . . .      5,000  _________________    5,000 Retained earnings . . . . . . . . . . . . .       23,420  _________________    23,420 Dividends . . . . . . . . . . . . . . . . . . .   10,000  _________________   10,000 Consulting fees earned . . . . . . . . .       156,000   _________________     168,160 Depreciation expense — Office equip. . . . . . . . . . . . . . . .   0  _________________   6,000 Salaries expense . . . . . . . . . . . . . .   71,000   _________________   77,600 Interest expense . . . . . . . . . . . . . .   1,400  _________________   2,200 Insurance expense . . . . . . . . . . . .   0  _________________  2,440 Rent expense . . . . . . . . . . . . . . . .   13,200   _________________   13,200 Office supplies expense . . . . . . . .   0  _________________   15,000 Advertising expense . . . . . . . . . . .   13,800  _________________   14,700 Totals . . . . . . . . . . . . . . . . . . . . . . .   $265,720   $265,720  _________________ $290,480   $290,480

You are the office manager for a medium-sized law firm in a large metropolitan area. Business is slow, and no new clients have retained your firm in a long time. The owners of the law firm want to promote the firm and have put you in charge of developing a marketing plan to attract clients. Your target market is small and medium-sized businesses since your firm specializes in real estate and business litigation. You have a budget of $100,000. Describe your plan in a written report. For each item, include a breakdown of costs and describe the members of the legal team who will be involved.