Explore BrainMass


10K analysis

I need to add some more to my report can you answer the following questions in regards to Sketchers USA 10K 1. Does sketchers use the direct method for its statement of cash flows? 2. What were Sketchers USA Inc net income (net earnings) reported for 2001 and 2002? 3. What were Sketchers USA Inc's net cash flows from operat

Accounting questions

I need some help with these remaining questions. 23-1, 23-3 and 23-7 24-2, 24-5 and 24-8 (See attached file for full problem description)

Lowering of Cost or Market Method

1. (Lower of Cost or Market) The inventory of 3T Company on December 31, 2005, consists of the following items. Part No. Quantity Cost per Unit Cost to Replace per Unit 110 6 00 $90

Determining Amount to Report as Cash

Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. If the item(s) is not reported as cash, explain the rationale. 1. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility d


(See attached file for full problem description) --- P6-2A The management of Borealis Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part called, WISCO, is a component of the company's finished product. The following in

Tax Credit or payment

My company lost $600,000 during 2004(its net income was -$600,000). The corporate tax rate is 40 percent. The company paid the following amount in taxes over the past five years: Year Taxes Paid 1999 $ 50,000 2000 75,000 2001 60,000 2002 40,000 2003 160,000 Assume that current carry back and carry forward provis

Variance: Calculate the number of pounds of Chemical X purchased.

Refineries Incorporated uses chemical X to manufacture oil products. Variance data for the month follows (F indicates a favorable variance, U indicates unfavorable variance): Chemical X Materials Price Variance $84,000 F Materials Efficiency Variance 80,000 U Net Materials Variance 4,000 F Oil prod

Question about Use of financial leverage

Discussion Questions: 1, 2, 3, 5 and 7 1. Discuss the various uses for break-even analysis. 2. What factors would cause a difference in the use of financial leverage for a utility company and an automobile company? 3. Explain how the break-even point and operating leverage are affected by the choice of manufacturing f

Auto rebates

Automobile companies give rebates, etc to get people to buy now and pay later. They are trying to increase sales in the current period. At what point would this become unethical?

Operating income, cost systems.

Please see the attached file. --- Perdon Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based) and an activity-based costing system. Both the traditional and the activity-based costing systems include direct materials and direct labor costs.


(See attached file for full problem description) --- P4-4A Mendocino Corporation produces two grades of wine from grapes that it buys from California growers. It produces and sells roughly 3,000,000 liters per year of a low-cost, high-volume product called CoolDay. It sells this in 600,00 5-liter jugs. Mendocino also produ

2 accounting problems

#1. Widgets Incorporated produces 2 types of widgets: the Basic Widget and the Delux Widget. The company has recently adopted an activity based costing (ABC) system with the following activities and cost drivers related to overhead costs. Activity Total Costs Cost Driver Units of Cost Driver Material ordering $400,000

Help me please

Case Study #2 Listed below are the annual rates of return on the stocks for companies A, B, C, ..., G for each year 1975-2004. (1) Determine the efficient frontier using portfolios generated from combining just these seven risky assets. Graph the results. In listing the results in tabular form, show the weights for each le

Sample Question: Price of Bonds

(See attached file for full problem description) --- Week 4 - Problem 5 O,Meara, Inc., plans to issue $6 million of perpetual bonds.The face value of each bond is $1,000 The semi-annual coupon on the bonds is 4.5% Market interest rates on one-year bonds are 8%

Lorax Enterprises

Lorax Enterprises saw its cash balance increase from $ 800 million at the end of last year to $ 1 billion at the end of this year. During the year, the firm reported net income of $ 300 million, after depreciation of $ 100 million. In addition, the firm had capital expenditures of $ 250 million and paid out a dividend of $ 100 m

Sunk Costs, preferred stock, business risk

1. Sunk Cost A cost that has already occurred and is not affected by the capital project decision. Sunk costs are not relevant to capital budgeting decisions. Example: I own Jai's Ice Cream Shop and noticed that it is not worth it to continue the business in the winter because people do not want to buy ice cream in c

ABC manufacturing overhead allocation

"The PurWater System Company manufacutures two models of a particular water purification system. For 2005, the company wants to allocate manufacturing overhead using activity-based-cost (ABC) allocation methods. Based on a thourough study of their manu" 2005 Cost Driver Fixed Overhead Used As Activi

Managerial Accounting Questions

1. The cost of a single unit of production in excess of the breakeven point in units is: A) its fixed cost and variable cost. B) its fixed cost only. C) its variable cost only. D) none of the above. 2. What percentage of the contribution margin is profit on units sold in excess of the breakeven point? A) It's

Motor Homes Inc: Calculate what should be the current price of the stock.

Motor Homes Inc. (MHI) is presently in a stage of abnormally high growth because of a surge in the demand for motor homes. The company expects earnings and dividends to grow at a rate of 20 percent for the next 4 years, after which time there will be no growth (g = 0) in earnings and dividends. The company's last dividend wa

Money, Inc: EPS, EBIT, Taxes, and Leverage

Money, Inc., has no debt outstanding and a total market value of $148,000. Earnings before interest and taxes, EBIT, are projected to be $13,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 30 percent higher. If there is a recession, then EBIT will be 59 percent lower. Money i

Additional funds needed

Balance Sheet as of 12-31-2004 (Thousands of Dollars) Assets Cash $ 1,080 Receivables 6,480 Inventories 9,000 Total current assets $ 16,560 Net fixed assets 12,600 Total assets $29,160 Liabilit

What is the manufacturing overhead for Copa Company?

E2-4 Manufacturing cost data for Copa Company, which uses a job order cost system, are presented below. Case A Case B Case C Direct materials used $ (a) $ 83,000 $ 63,150 Direct labor 50,000 100,000 (h) Manufacturing overhead applied 42,500 (d) (i) Total manufacturing costs 165,650 (e)

Store's after-tax salvage value

Bruener Retail Bruener Retail is considering opening a new store. In evaluating the proposed project the company's CFO has collected the following information: · It will cost $10 million to construct the new store. These costs will be incurred at t = 0. These costs will be depreciated on a straight-line basis over the next

Brandie's Cook founded Brandie's Micro-Batch Frozen Yogurt Company

I need help with this problem so can you please show me how to do it?Is there any formulas that I need to use and what are they? So here is the question to the problem if inventories are expected to turn over ten times a year(based on cost of goods sold) what will be the venture's average inventories balance next year if sales