Please see the attached file. Stone Tools, Inc., had the following account balances as of January 1: Direct Materials Inventory $8,700.00 Work in Process Inventory $76,500.00 Finished Goods Inventory $53,000.00 Manufacturing Overhead $- During the month of January, all of the following occurred:
The Neptune Value Fund has sold 150,000 shares to investors. Currently the fund has accrued investment management fee obligations of $50,000. The fund's portfolio is shown below. Calculate the fund's net asset value Stock A $50,000 $10 per share Stock B $20,000 $7 per share Stock C $35,000 $30 per share Stock D $10,0
What is fund accounting? How does it compare to proprietary accounting? Why is it necessary? What are the major fund types?
Discuss the Robinson' family's 2007 tax return. Develop a presentation for the Robinson' to explain their 2007 tax return and based on the completed return for 2007, make suggestions for other tax-savings strategies. My portion of the tax return is to explain Schedule D and E and come up with some tax savings strategies. I hav
Bad Debt expense for Pure-Air Distributing. Why is there a difference in Bad Debts expense and the Allowance for Debt Doubtful accounts?
As the accountant for Pure-Air Distributing, you attend a sales managers meeting devoted to a discussion of credit policies. At the meeting, you report that Bad Debts expense is estimated to be $59,000 and Accounts Receivable at year amount to be $1,750,000, less a $43,000 allowance for Doubtful accounts. Sid Omar, a sales manag
Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems. a. Leslie Thomas, a secretary at the university, indicated that she had worked 40 hours on her regular time card. The university paid her for 400 hours worked that week.
Identify and research three different accounting software applications. Compare and contrast each accounting application. Describe the industries and organization size that the application is best suited for. Identify each application's strengths and weakness. Prepare a 10-minute PowerPoint® presentation that documents your ana
Jack Robinson is considering selling his computer consulting business. Discuss the possible tax consequences of the sale fo the business Deliver with references
The electronic fund transfer (EFT) system includes ATM's, point-of-sale terminals, direct deposits and withdrawals and payments by phone or computer, using PIN numbers instead of signatures. Do you feel the conveniences are worth the risks? How does the UCC deal with electronic transfers?
Esther Industries developed the following standards for one of its products: Material 6 feet $15/foot $ 90 Labor 10 hours $12/hour 120 Total variable cost $210 Actual results for September were: Units produced 13,000 Material purchased 40,000 feet for $14.25/foot Material used 80,000 feet Direct Labor 1
What are the tax advantages of qualified private pension plans?
Spreadsheet Analysis of the EOQ at the Neighborhood Pharmacy, Inc. During the relevant planning period, the per unit purchase cost for an important prescribed (ethical) drug is P=$4, the total estimated use for the planning period is X=5,000, the cost of placing an order is $50, and the per unit carrying cost is C=$0.50, cal
Why is the liability loss exposure more difficult to gauge than the property loss exposure?
I just need to know how to APA format spreadsheets I need to paste into my write-up. A more detailed explanation: A typical homework assignment (MBA accounting) will be to answer four questions which require three to five pages of narrative and inserting, for example, and income statement, 10 or so row reconciliation, and ma
Why was universal life insurance popular in the 1980s? What made variable life insurance popular in the 1990s?
A few years ago, a publishing company in the fourth quarter had a net profit figure that exceeded sales for that quarter. Such a situation as this suggests that some difficult accounting issues are involved in interim reporting. Instructions: (a) What are the major accounting problems related to interim reports? (b) Wh
Deliverable Length: 10-12 slides with speaker notes and references Details: The local college has requested that someone from your company attend a workshop for college students to discuss income tax deductions. Develop a presentation explaining earned income credit, employee business expenses, charitable contributions, an
Question 1: Forecasts Recent proposals by investors and others have suggested that corporations include financial forecasts in their annual reports. It further has been suggested that the CPA attest to those forecasts. Instructions: (a) What arguments are advanced to support the publication of such forecasts? (b)
Should both favorable and unfavorable variances be investigated, or only the unfavorable ones? Explain.
Information derived from Advanced Financial Accounting. 6th Edition, Baker-Lembke-King: E6-9 Transfer of Depreciable Asset at Beginning of Year Frazer Corporation purchased 60 percent of Minnow Corporation's voting common stock on January 1, 20X1, at underlying book value. On January 1, 20X5, Frazer received $245,000 fro
Route Manufacturing purchased 80 percent of the stock of Hampton Mines Inc. in 20X3. In preparing the consolidated financial statements at the end of 20X5, Route's controller discovered that Route had purchased $75,000 of raw materials from Hampton Mines during the year and that the parent company had not paid for the last purch
Month of Dec Units of completion Costs Beginning wip inventory, Dec 20,000 direct materials 80% 200,000 conversion costs 90% 450,000 Units started in Dec
Using the financial statements for Tootsie Roll and Hershey located in Appendix A and B, respectively, you will calculate and compare the financial ratios listed below for the year ended in 2004.In Word, write a two-page analysis evaluating and comparing Hershey's and Tootsie Roll's overall liquidity, solvency, and profitability
As a banking customer, what concerns do you have about online banking? What benefits and disadvantages can you identify? What can you do to prevent identity theft?
See attached file: 1. Interest is usually associated with a. accounts receivable. b. notes receivable. c. doubtful accounts. d. bad debts. 2. When an account becomes uncollectible and must be written off,
The costs of publishing a grade school textbook can be assumed to be as follows: Fixed expenses for each new edition of the book: Copy editing $3,000 Art work $1,000 Typesetting $36,000 Variable expenses per copy of the book: Printing and binding $2.60 Bookstore discounts $2.00 Salespersons
I know the formula is net income minus preferred Dividends / Weighted-Average of Common Shares Outstanding, but how do you get that from this information. Can some one please expalin it to me? A Corporation has outstanding at December 31, 2008, 50,000 shares of $20 par value, cumulative, 8% preferred stock and 200,000 shar
Ebony Corporation's balance sheet and income statement is attached. (attached) Cash dividends were $1.00 The company sold equipment for $19.00 that was originally purchased for $15.00. The equipment had accumulated depreciation of $4.00. The net cash provided by (used by) investing activities for the year was ________.
I need some help with this problem: John and Carole file a joint return in 2007 and have three children: Jack, age 23; David, age 20; and Kristen, age 15. All three children live at home the entire year. Below is information about each of the children: ? Jack: graduated from college in December 2006 and is going to medical
Why is the storage of accounting data important to an accounting information system? Describe some important concerns, and explain why each one is important.