Background You are a Consultant for the professional service firm, BUSI 2083 LLP. Your...

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Accounting

Background

You are a Consultant for the professional service firm, BUSI 2083 LLP. Your firm specializes in providing a

wide variety of internal business solutions for different clients. It is your first day on the job and a

Manager asks you for some help with a client in the Technology & Entertainment sector. Eager to please

on your first day, you start reading the background information provided by the Manager.

4D Entertainment, a division of Wave of the Future Corporation, manufactures two large-screen

television models: the Zenith, which has been produced since 2008 and sells for $1,700, and the

Pinnacle, a new model introduced in early 2008, which sells for $2,200. Based on the following income

statement for the year ended November 30, 2014, senior management at Wave of the Future have

decided to concentrate 4D Entertainment

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