MA_U10_18-22: please see attachment for the problems. 18. When job 711 was completed, direct materials totaled $4,000; direct labor, $4,600; and factory overhead, $2,400, respectively. Units produced totaled 1,000. Unit costs are _______. $11,000 $1,100 $110 $11 19. Materials purc
See attached files. MA_U9_7/10 7. From PE 25-1A what is the net differential income from the lease alternative? $3,800 $4,800 $15,000 $11,200 8. From PE 25-2A what is the annual differential loss from sales of Product J? $36,000 $64,000 $14
During 2007 Richard and Debbie, who are married and have two dependent children, have the following income and losses: Total salaries $130,000 Bank account interest 25,000 Short-term capital gains 4,000 Short-term capital losses (1,500) They also in
Can you help me understand this question? Variable & Absorption Costing Chan Manufacturing Company data for 20X7 follow: Sales : 12,000 units at $17 each Actual Production 15,000 units Expected volume of production 18,000 units Manufacturing costs incurred Variable $120,000
Can you help me get started with this assignment? List and discuss the categories of business reports and demonstrate your understanding of the different reports with a thorough discussion of applying the three step writing process to reports. 3-4 pages with 2 credible sources (APA format)
Which of the following exchanges qualify as like-kind exchanges under Sec. 1031? a. Acme Corporation stock held for investment purposes for Mesa Corporation stock also held for investment purposes b. A motel used in a trade or business for an apartment complex held for investment c. A pecan orchard in Texas used in a tr
What is it that differentiates a business loss from a hobby loss?
BE1-3 At the beginning of the year, Gonzales Company had total assets of $870,000 and total liabilities of $500,000. Answer the following questions. (a) If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholders' equity at the end of the year? (b) During
3-13 Department Milling Assembly Direct labor-hours 8,000 75,000 Machine-hours 60,000 3,000 Manufacturing overhead cost $510,000 $800,000 Direct labor cost $72,000 $640,000 Required: 1. Compute the predetermined overhead rate to be used in each department. 2. Assume that the overhead rates you computed in (1) abov
Chapter 6 - Problem I: 6-57 Bryce, a bank official, is married and files a joint return. During 2007 he engages in the following activities and transactions: a. Being an avid fisherman, Bryce develops an expertise in tying flies. At times during the year, he is asked to conduct fly-tying demonstrations, for which he is paid a
A. Some have argued that a lump sum tax is the most equitable and efficient system of taxation. If lump sum taxes are so efficient and equitable, why aren't they widely used? B. In 2002, the US federal government levied a tax of 3 percent on that part of a car's price exceeding $40,000. (For example, the tax liability on a $5
BYP13-7 R.J. Falk is the chief executive officer of Ventura Electronics. Falk is an expert engineer but a novice in accounting. Falk asks you, as an accounting major, to explain (a) the bases for comparison in analyzing Ventura financial statements and (b) the limitations, if any, in financial statement analysis. Broadening
Prepaid Interest. During the current year, Richard and Alisha, a married couple who use the cash method of accounting, purchased a principal residence for $320,000. They paid $40,000 down and financed the remaining $280,000 of the purchase price with a 30-year mortgage. At the closing, they also paid $500 for an appraisal, $500
What is the relationship between average and marginal productivity? b) How do changes in average and marginal productivity affect the cost of production? c) What are the impacts of innovation and technology on the cost of production? d) Can you utilize a real-world example to explain the law of diminishing marginal
Can you help me get started with this assignment? Construct a one-page document "selling" your chosen option to your existing shareholders and bondholders based on the merits of your plan, in comparison to the short-term or long-term shareholder value of rest of the alternatives. Consider that Blue Sky Airlines has the
Heavy Metal Corp is a steel manufacturer that finances its operations with 40% debt, 10% preferred stock, and 50% equity. The interest rate on the company's debt is 11%. The preferred stock pays an annual dividend of $2 and sells for $20 a share. The company's common stock trades at $30 a share, and its current dividend (D0) of
1- A company purchased land for $70,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, the cost of land would be recorded at a. $77,000. b. $70,000. c. $75,000. d. $82,000.
What is price elasticity of demand? What is the relationship between income and price elasticity of demand? What is cross price-elasticity of demand?
1. Salvage Value. Your firm purchased machinery with a 7-year MACRS life for $10 million. The project, however, will end after 5 years. If the equipment can be sold for $4.5 million at the completion of the project, and your firm's tax rate is 35 percent, what is the after-tax cash flow from the sale of the machinery? 2. C
Can you please help me understand and answer these questions? Please see *BOTH* Word attachments for complete question list!
Can you help me get started with this assignment? The Financial Accounting Standards Board (FASB) plays an important role in establishing accounting standards. Here is an interesting article by Norris (2008) that describes how the FASB and the Securities Exchange Commission (SEC) have provided additional guidance on interpre
1. Please define microeconomics and macroeconomics. 2. Please state the law of demand and law of supply and explain how the law of demand and the law of supply interact to bring about equilibrium. 3. Please explain the importance of substitution to the laws of supply and demand and give a real-world example.
What are the differences in reporting guidance in a for-profit and not-for-profit organization? What are the similarities in reporting guidance for the above? How do these differences and similarities affect the comparability of financial reports? Should these reports be comparable? Why or why not?
1. Which of the following is not an asset: a. Accounts Payable b. Furnishing and Equipment c. Supplies d. Cash 2. Amy Co. acquired $500 worth of supplies on credit. Which of the following journal entries would be recorded? a. Debit supplies, credit cash b. Debit cash, credit supplies c. Debit supplies, credit accoun
Charlie and Maribelle Brown have owned and operated a retail furniture store for more than 20 years. They have employed an independent CPA during this time to prepare various sales tax, payroll tax, and income tax returns, as well as financial statements for themselves and the bank from which they borrowed money from time to tim
Prepare income statements under variable and absorption costing for the year ended December 31, 2007. - see attachment Jennifer Bruner Cost Accounting December 21, 2008 Variable versus Absorption Costing Introduction: The Zwatch Company manufactures trendy, high-quality, moderately priced watches. As Zwatch's senior
Bart's Wood Work Company Assume that the company keeps no inventories. Below is information that pertains to Bart's Wood Work Company for the past year. Based on this information prepare a financial accounting income statement (that is in the required GAAP for US external reporting). From this information make appro
Suppose you have a lemonade stand, and when you charge $2 per cup of lemonade you sell 120 cups. But when you raise your price to $3 you only sell 60 cups. Write an equation for the number of cups you sell as a function of the price you charge. Denote "C" for number of cups, and "P" for the price you charge. Assume the func
Would each of the following assets be "good" money? Why or why not? A. Gold B. Dirt C. Corn D. Oil (Often called liquid gold)
Define: -assets, current assets, liability, current liability, contributed capital, retained earnings. -what is the accounting equation?