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Accounting Problem...

The instructions are attached below. Make sure all questions are being addressed. Hint: just to check the answer "The work in process balance" is $5,720.

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

Variable/fixed costs

Network Company requires four units of R2 for every unit of D2 that it produces. Currently, R2 is made by Network, with the following per unit costs in a period when 20,000 units were produced: Direct materials $6.00 Direct labor 2.50 Manufacturing overhead 5.60 TOTAL

Sensitivity analysis considers

A. how sensitive the decision maker is to risk. b. changes in the number of states of nature. c. changes in the values of the payoffs. d. changes in the available alternatives.

Make or Buy Manufacturing

Eaton Companies Total Cost for 50,000 Units Cost per Unit Direct Material $400,000 $ 8 Direct Labor 300,000 6 Variable Factory Overhead 150,000

Help with one of the questions that goes with a case study

I know the case study is quite long. I can answer the theory based questions but cannot figure out whether either order should be accepted. It seems like each time I work through I get a different answer. It would be great if someone could help me out! I am a sociology major taking accounting (that is probably the problem! :)

Accounting Problems

Please show all works using excel or any spreadsheet programs following the direction in the attachments. There are two problems, file names are as 1.0 and 2.0. There are total of two problems.

Two accounting problems

Please show works using excel programs following the direction in attachment #1. And attchment #2 is a written response.

Accounting I Problems

The completed financial statement columns of the worksheet for Panaka Company are shown below... (a) Prepare an income statement, a retained earning statement, and a classfied balance sheet. (b) Prepare the closing entires. (See attachment for full questions)

Account M/C

QUESTION 2 BOOM, Inc., manufactures and sells dynamite. A projected income statement for the expected sales volume of 1,500,000 cases is as follows: Sales $4,500,000 Variable expenses 1,000,000 Contribution margin $3,500,000 Fixed expenses 2,000,000 Before-tax profit $1,500,000 How many cases

Evaulating a business.

Andre has asked you to evaluate his business, Andre's Hair Stylling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent and other fixed expenses are $1,750 per month. Assume that the only se

Variable versus absorption costing

The Zwatch Company manufactures trendy, high-quality, moderately priced watches. As Zwatch's senior financial analyst, you are asked to recommend a method of inventory costing. The CFO will use your recommendation to construct Zwatch's 2004 income statement The foliowil.g da,a are fonhe year ended December 31,2004: Beginning