Suffolk University
Sawyer Business School
Department of Accounting & Taxation
ACCT 331
Final Exam – Spring 2013

The case for the Final Exam, Winnbrook Day Care Center, is contained below. Please read it carefully, and please read all of the pages on the exam before beginning to answer any of the questions. Then answer the questions on the attached pages.

The exam is open book. You may use whatever notes, books, and other materials you wish (except those materials, including exam responses, of other students taking the exam).You must return the exam to Blackboard within four hours of downloading it. Please remember that you are bound by the honor system. You may not ask for assistance from any outside party including members of the class. Please sign the statement below stating that you have not asked for nor received any outside assistance.

Please put your name and I.D. Number in the space below:
Name___________________________________ I.D. Number____________________

I hereby state that I have completed the attached exam on my own without any assistance from outsiders.
Signed__________________________________________________________________

You may do scratch work on separate pages and outline your answers on separate pages – in fact, I encourage you to do so. Once you are ready to write out your answer, please confine it to the spaces indicated, and please write legibly and succinctly. Do not use separate pages or exceed the allotted space.

Winnbrook Day Care Center

In September, 2007, Cheryl Johnson, manager of Winnbrook Day Care Center (Winnbrook), asked Edward Landers, a recent graduate of a nearby business school, for advice. Mr. Landers, seeing an opportunity to contribute to the community that had helped support his extra-curricular activities while he attended college, agreed.

Background

Winnbrook Day Care Center was located in Newtown, Indiana, and was owned by a local corporation that wished to provide child care…