Matt Maloney and Mike Evans founded GrubHub, an online restaurant delivery service, in Chicago in 2004. Since then, they’ve expanded into 300 cities, and raised $84 million in venture financing. Watch the following video on How 2 Software Engineers Built GrubHub: http://www.inc.com/scotty-cadenhead-and-malachi-leopold/how-software-engineers-matt-maloney-mike-evans-built-grubhub.html

What do you think Maloney and Evans did well as they set up their business? What are the most interesting and inspiring parts of becoming an entrepreneur? What are the most challenging aspects that you would anticipate if you were to start a new business?

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Matthew , Inc . owns 30 percent of the outstanding stack of Lindman Company and has theability to significantly influence the investee’s operations and decision making . On January 1 .2018, the balance in the Investment in Lindman account is $3 35 , 000 . Amortization associatedwith this acquisition is $9, 000 per year . In 2018 , Lindman earns an income of $50 , 000 anddeclares cash dividends of $30, 000 . Previously, in 2017 , Lindman had sold inventory costing$24, 000 to Matthew for $40, 000 . Matthew consumed all but 25 percent of this merchandiseduring 2017 and used the rest during 2018 . Lindman sold additional inventory costing $ 28, 000to Matthew for $50, 000 in 2018 . Matthew did not consume 40 percent of these 2018purchases from Lindman until 2015&. What amount of equity method income would Matthew recognize in 2018 from its ownershipinterest in Lindman ?6 . What is the equity method balance in the Investment in Lindman account at the end of2018 ?

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Matthew Gabon, the sales manager of Office Furniture Solutions, prepared the following budget for 2008:Sales DepartmentBudgeted Cost, 2008(Assuming Sales of $12,000,000)$500,000$180,000$100,000$2,000$2,400$784,4000After he submitted his budget, the president of Office Furniture Solutions reviewed it and recommended that advertsing be increased to $120,000. Further, she wanted Matthew to assume a sales level of $13,000,000. This level of sales is to be achieved without adding to the sales force.Matthew sales group occupies approximately 250 square feet of office space out of total administrative office space of 20,000 square feet. The $2,000 space charge in Matthews’s budget is his share(allocated based on relative square feet) of the company’s total cost of rent, utilities, and janitorial cost for the administrative office building.Required pepare a revised budget consistent witht eh president’s recommendation.

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matthew gabon, the sales manager of Office Furniture Solutions, prepared the following budget for 201salaries(fixed) $400,000commissions(variable) 150,000advertising(fixed) 75,000charge for office space(fixed) 3,000office supplies & forms (variable) 2,000630,000after he submitted his budget, the president of Office Furniture Solutions reviewed it and recommended that advertising be increased to $100,000. further, she wanted Matthew to assume a sales level of $11,000,000. this level of sales is to be achieved without adding to the sales force.matthew’s sales group occupies approximately 250 square feet of office space out of total administrative office of 20,000 square feet. the $3,000 space charge in matthew’s budget is his share (allocated based on relative square feet) of the company’s total cost of rent, utilities, and janitorial costs for the administrative office building.

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Mattel, the world’s biggest toymaker, ordered 18 million toys made in China to be recalled because of hazards such as the use of lead paint. Mattel’s _____ process allowed it to handle the product recall efficiently.

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