Get college assignment help at uniessay writers Cost pools are: a. costs that are accumluated before allocated to cost objects on some common basis b. costs that are relevant to decision-making but irrelevant to financial reporting c. product costs that are assigned to cost objects using direct labor or machine hours d. accounts in the product life cycle from research and development to customer service
Collectibility of the rental payments is reasonably assured, and there are no lessor costs yet to be incurred. Technoid would account for this as: 1. A capital lease. 2. A direct financing lease. 3. A sales type lease. 4. An operating lease
Most Excel specialists who build Web queries use the worksheet returned from the Web query as an engine to supply data to another ____ in the workbook. a. range b. dialog box c. cell d. worksheet
On July 1, 2010, Brower Industries Inc, issue $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13 %, receiving cash of $30,237,139. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the compamy is the calendar year.
Molly is considering opening a music shop. She has collected the following information: monthly rent 1400 and monthly sales salaries 1700. Cost of merchandise sold is expected to be 52 percent of sales.What is the contribution margin ratio and the break-even point in dollars
Answer the following questions using the information below: Mount Vernon Furniture manufactures expensive tables. Its varnishing department is fully automated and requires substantial inspection to keep the machines operating properly. An improperly varnished table is very expensive to correct. Inspection hours for the 10,000 tables varnished in September totaled 2,500 hours by 16 employees. Eight quarts of varnish were used, on average, for each table. The standard amount of varnish per table is nine quarts. The cost of inspection for September was equal to the budgeted amount of $76,000. The $76,000 represents a(n):
during joy $90,300 was paid to creditors on account, and putchases on account were $115,150, assuming the july 31 balance of accounts payable was $39,000 determine the account balance on July 1
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Decide if the following items should be included in a balance statement for a theater company: 1. $16,000 in the company’s bank account and $2,400 on hand in the company’s safe. 2. $10,000 owed to the business by Dell listed as accounts receivable. $140,200 estimated future profits through the end of the year listed as accounts receivable. 3. Props and costumes purchased for $18,000 several days ago. The business paid $3,000 of this in cash and issued a notes payable for the remainder ($15,000), but the company listed the props and costumes as an asset at $3,000.
Find the errors in the following balance sheet items (if they exist) for a theater company: 1. Cash listed as $19,400 as they have $16,000 in the company’s bank account, $2,400 on hand in the company’s safe, and $1,000 in the owner’s personal savings account. 2. $10,000 owed to the business by Dell listed as accounts receivable. $140,200 estimated future profits through the end of the year listed as accounts receivable. 3. Props and costumes purchased for $18,000 several days ago. The business paid $3,000 of this in cash and issued a notes payable for the remainder ($15,000), but the company listed the props and costumes as an asset at $3,000. 4. The owner rents the building and listed the building as an asset at $26,000, the amount he has paid up to this date in the year. 5. Accounts payable ($7,000) includes business debts of $6,000 and the $1,000 balance on the owner’s personal credit card.
Get college assignment help at uniessay writers Chung Inc. is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Old Equipment New Equipment Purchase price $ 75,000 $125,000 Accumulated depreciation 30,000 – 0 – Annual operating costs 100,000 80,000 If the old equipment is replaced now, it can be sold for $20,000. Both the old equipment’s remaining useful life and the new equipment’s useful life is 5 years. The net advantage (disadvantage) of replacing the old equipment with the new equipment is (Points: 2) $20,000 $(5,000) $(25,000) $30,000
Hi, Basically I want textbook solution for Intermediate accounting ISBN 9780470374948. Could you provide that solution or not ? I want to know about my account membership ? I sign up membership for one year still it shows recurring billing. what is that mean ?
Peter invests $100,000 in a 3-year certificate of deposit earning 3.5% at his local bank. Which time value concept would be used to determine the maturity value of the certificate? A. Present value of an annuity due. B. Future value of one. C. Present value of one. D. Future value of an ordinary annuity.
North Division has the following information: Sales $900,000 Variable expenses 480,000 Fixed expenses 465,000 If this division is eliminated, the fixed expenses will be allocated to the company’s other divisions. What is the incremental effect on net income if the division is dropped? (Points: 2) $45,000 increase $465,000 decrease $420,000 decrease $435,000 increase
A company has a process that results in 15,000 pounds of Product X that can be sold for $8 per pound. An alternative would be to process Product X further at a cost of $100,000 and then sell it for $14 per pound. Should management sell Product X now or should Product X be processed further and then sold? (Points: 2) Process further, the company will be better off by $10,000. Sell now, the company will be better off by $10,000. Process further, the company will be better off by $90,000. Sell now, the company will be better off by $100,000.
We want a flexible budget because costs are difficult to predict. We need the flexibility to change budgeted costs as input prices change.” Does a flexible budget serve this purpose?
2. Stockholder Incentives Do you agree or disagree with the following statement: A firm’s stockholders will never want the firm to invest in projects with negative net present values. Why?
2. Agency Costs Tom Scott is the owner, president, and primary salesperson for Scott Manu- facturing. Because of this, the company’s profits are driven by the amount of work Tom does. If he works 40 hours each week, the company’s EBIT will be $450,000 per year, and if he works a 50-hour week, the company’s EBIT will be $550,000 per year. The company is currently worth $2.7 million. The company needs a cash infusion of $1.5 million, and it can issue equity or issue debt with an interest rate of 9 percent. Assume there are no corporate taxes. a. What are the cash flows to Tom under each scenario? b. Under which form of financing is Tom likely to work harder? c. What specific new costs will occur with each form of financing?
3. Capital Structure and Growth Edwards Construction currently has debt outstanding with a market value of $90,000 and a cost of 9 percent. The company has an EBIT of $8,100 that is expected to continue in perpetuity. Assume there are no taxes. a. What is the value of the company’s equity? What is the debt to value ratio? b. What is the equity value and debt to value ratio if the company’s growth rate is 5 percent? c. What is the equity value and debt to value ratio if the company’s growth rate is 8 percent?
What does a SWOT analysis reveal about eBay’s situation
The Niehbur Manufacturing Company in Hondo, Texas, assembles and tests electronic components used in handheld video phones. Consider the following data regarding component T24:
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