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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

Cost Accounting: Manufacturing problem

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

Accounting Firm Accountability

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."

Disciplinary action situations in an organization

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

Economic Order Quantity and Terms of Sale

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

Accounting: value of assets

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

Finding the beta of the market

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?

Today's Price for a Stock

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?

How to Meet Corporate Financial Goals (BEP Growth)

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

Cost Accounting Pt.2 - Need help framing problem and starting

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

Cost Accounting

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

Financial Stock Question

Shares of Stujk, Inc. sell for $20 per share. 40% of earnings are paid in dividends. What is the dividend yield?

ABC costing

Case Study, comparing ABC costing with conventional costing. please provide refrences. should not be same as previous answer.

Galway Bay Enterprises: compute the present value of a bond

Please explain how to compute the present value of a bond? Galway Bay Enterprises issued 10%, 8-year, $2,000,000 par value bonds that pay intrest semiannually on October 1 and April 1. The bonds are dated April 1, 2002, and are issued on that date. The discount rate of interest for such bonds on April 1, 2002, is 12%. What

Financial Decision Management (Health Care)

A physician, Dr. Thought, is considering the possibility of joining a new Individual Practice Association (IPA) in order to increase her volume of care and her income. Currently, the physician has the following practice statistics: Patient population 3,500 Annual visits 5,750 Average revenue per visit $97.50 Office

Transaction analysis and the basic accounting equation

For the following transactions, indicate how each immediately affects the basic accounting equation and what other effects there will be in the future as a result of the transaction: d) pay rent in advance for a warehouse g) sign warrenty agreements with customers that cover products that were sold to them h) buy a patent for

Capital Gain Tax versus dividend tax

18 11. Max Johnson owns 200 shares of Newmont Labs, Inc., which he bought for $15 per share. He is in a 33 percent tax bracket. It is the first week in December, and he has already received the full cash dividend for the year of $1.60 per share. The stock is currently selling for $25.50. He has decided to sell the stock and afte

Making Make or Buy Decisions

Make or Buy The Smith Company's old equipment for making subassemblies is worn out. The company's considering 2 courses of action 1. replace the old equipment with new or 2. buying subassemblies from a reliable outside supplier who has quoted a unit price of $1 on a seven-year contract for a min. of 50,000 units per year.

Break-even analysis

Can you please explain some of the potential ways that break-even analysis can be used by management to make better decisions. What is the break-even analysis anyway, and how would it contributing to a health care organization?

Help with accounting problem

Question: (please post answers inside body of an email as i do not have excel or word on my computer. thanks!) Yves Richard faces a decision that will determine the future strategic direction of Caron Furniture. It is the role of the accountant to not only provide relevant information to facilitate the decision-making process