When the greatest portion of a firms' assets are fixed rather than variable______. the firm enjoys lower financial risk, offering discounts during non-peak times will generally increase profits, incremental costs will also be proportionately higher, or the firm should use full-cost pricing Please answer answer and why
The following applies to both parts: Jerry's 5-year Chevy Geo Prism requires $3,000 in estimated repairs. His friend suggested that he buy a 5-year Honda Civic for the $3,000 cash. The following is the estimated costs for the two cars: Chevy Geo Prism
Different products consume different porportions of manufacturing support costs because of diffences in all of the followinh except - sales prices, customers' customization specifications, setup times, or product design I believe - sales prices - is the answer. Please advise of answer and why. Thanks!
Activity costs are described as ________ over the long run because management adjusts the amount of resources employed to correspond to the demand for those resources. fixed, varible, committed, or non-discretionary
A key reason for assigning selling and distribution costs to products for analytical purposes is that -- all direct costs must be assigned, different processes, products and/or customers require different qualtities of selling and distribution activtities, customers demanded it, or controllers demanded it I believe - a
Company X is a small firm innovative in the production and sale of electrical business products. The company is well known for its attention to quality and innovations. During the past 15 months, a new product has been under development that allows users handheld access to email and video images. Company X code named the
The following applies to the following two parts: A company manufactures pipes and applies manufacturing support costs tp production at a predetermined rate of $15 per direct labor hour. The following data are obtained from the accounting records for June 20x2: Direct materials
Valley Meat Company produces one of the best sausage products in Pennsylvania. The company's controller compiled the following information by analyzing the accounting records: 1. Meat costs the company $2.80 per pound of sausage produced. 2. Compensation of production employees is $2.00 per pound of sausage produced. 3. Sup
Instructions: For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $150,000 and (2) net income of $90,000. Present the data in tabular form, using the following columnar headings: PLEASE SHOW THE BASIC CONCEPT ON HOW TO ANSWER A-F. WHAT IS THE BEST WAY TO SET UP
1. After the physical inventory is completed, A) quantities are listed on inventory summary sheets. B) quantities are entered into various general ledger inventory accounts. C) the accuracy of the inventory summary sheets is checked by the person listing the quantities on the sheets. D) unit costs are determined by dividing
Scenario: Lava Rock Bicycles, headquartered in San Miguel, California builds bikes for novice to mid-level cyclists, triathletes, and world-class athletes interested in cross-training. Lava Rock is beginning its 6th year of business. It continues to grow its product line and target customer market and it recently became a publ
Case: Lake Champlain Sporting Goods Company- Break even analysis. Compute Lake Champlain Sporting Goods' estimated break-even point in sales dollars for the year ending December 31, 20x4, based on the budgeted income statement prepared by the controller.
Subject: Sales Commissions in a Wholesale Firm; Income Taxes CASE - Lake Champlain Sporting Goods Company, a wholesale supply company, engages independent sales agents to market the company's products throughout New York and Ontario. These agents currently receive a commission of 20% of sales, but they are demanding an incre
Fowler Industries produces two bearings: C15 and C19. Data regarding these two bearings follow. C15 C19 Machine hours required per unit 2.00 2.50 Standard cost per unit: Direct material $ 2.50
With the recent prevalence of corporate scandals in the United States recently, there have been many efforts made towards reform. I need help evaluating the following statement: "Accounting firms should be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year."
There are numerous discipline issues that can arise in any organization. Listed below are different situations that could indicate the need for disciplinary action. For each situation, indicate what type of disciplinary action would be appropriate and why. In your answer explain how your suggested approach to this situation
Chapter 20, Problem 10, Page 558 Economic Order Quantity. Genuine Gems orders a full month's worth of precious stones at the beginning of every month. Over the course of the month, it sells off its stock, at which point it restocks inventory for the following month. It sells 200 gems per month, and the monthly carrying cost is
I have already done the calculating but am having a problem writing verbiage to go along with each schedule.. If an OTA can help with the verbiage for each schedule I would greatly appreciate it. Thanks in advance
This problem gives definations and a short description of inflation accounting.
Deyonne has 400 sheep, Batonne has 360 sheep. Batonne has 30 acres of land, Deyonne has 20 acres; Deyonne's land was inherited while Batonne had given 35 sheep for 20 acres of land 10 years ago. This year he gave 40 sheep for 10 additional acres of land. Battone says that 35 of Deyonnes sheep belong to another man, and deyonn
Banks rely heavily upon customers deposits as a source of funds. Demand deposits normally pay interest to the customer, who is entitled to withdraw at anytime without prior notice to the bank. Checking and NOW accounts are the most popular for of demand deposits for banks. Assume that Kennon Storeage has a checking account at Li
To what extent and how has financialisation changed the task of management? what are the moves and tools used to maintain results and relationships?
The risk free rate of return is 3%. The expected market return is 9%, and the market risk premium is 6%.What is the beta of the market?
Next years dividend for ERT stock is expected to be $4.00. You expect it to be $4.00 in 2 years, also, but then you expect it to grow at an 8% annual rate forever. The required rate of return for years t=0 through t=2 is .20. The required rate of return for year t=3 onward is .25. What is the price of the stock today?
Happy Valley Tire & Rubber Corporation, located in Appleton, Wisconsin, is a manufacturer of consumer and industrial rubber products. The company has two operating divisions. The tire division manufactures high-macho-point performance tires for passenger cars as well as truck and off-the-road tires. The tire division sells th
I am being asked to put together a response for the following q's. Can you help me get started on what is REALLY being asked from a acost accounting perspective? Thanks... 1.What is your initial market introduction plan for the CMSS pads? 2. What should be the goal and objectives? 3. In addition to the price, provid
I need help with this problem: Corporate Financing: Finacial markets and intermediaries channel savings from investors to corporate investment. The savings make this journey by many different routes. How can I give a specific example for each of the following routes? a Investor to financail intermediary, to financail markets, a
I need help with this question: Goals of the Firm: You may have heard big business critized for focusing on short-term performance at the expense of long-term results. How do i explain why a firm that strives to maximize stock price should be less subject to an overemphasis on short-term results that one that simply maximizes p
These are sample problems from an exam - attached is are the case facts. I need to start answering the following questions. I am looking for some solid cost accounting strategies: 1. What has been happening in this market? How is Sealed Air doing? 2.What arguments can be made for introducing an uncoated bubble? What woul
Accounting is a means rather than an end; primary distinction between financial accounting and other accounting
1) What does it mean when we say that accounting is a means rather than an end? 2) What is the primary distinction between financial accounting and other accounting?
Shares of Stujk, Inc. sell for $20 per share. 40% of earnings are paid in dividends. What is the dividend yield?