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
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
Last fiscal year, Afton Machinery had the following financial statement data: Sales/Assets 2.10 Net Income/EBIT 0.65 EBIT/Sales 0.10 Assets/Equity 3.00 Calculate Afton's return on assets and return on equity.
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
Please helps with the following problems. Month of Dec Units of completion Costs Beginning wip inventory, Dec 20,000 direct materials 80% 200,000 conversion costs 90%
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
Company has the opportunity to increase annual credit sales $100,000 by selling to a new, riskier group of customers. The expenses of collecting credit sales are expected to be 15 percent of credit sales. The company's manufacturing and selling expenses are 70 percent of sales, and its effective tax rate is 40 percent. If Lyman
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
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.
The company is organized into two lines of business(software and consulting), and profit statements are prepared as follows: software consulting Sales $10,000,000 $5,000,000 Less direct costs 5,000,000 3,
9-16 Variable and absorption costing, explaining operating-income differences. Nascar Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2006 are: The selling price per vehicle is $24,000. The budgeted level of production used to calculate the budgeted fixed manufactu
Revenue (8,000 units) 16,000 Variable costs 4,000 Contribution margin 12,000 Fixed costs 4,000 Net income 8,000 If actual production totals 8,400 units, flexible budget would show variable costs of??
Please see the attached file. Sales faux Traditional Less cost of goods sold $800,000 $200,000 Unit level production cost 500,000 120,000 Depreciation, production equipmen
If a company made a 100,000 investment in new equipment. Assuming the company's margin is 4%, what income will be earned if the investment generates $300,000 in additional sales?
Please help me with this question. Thanks. Information for June: cash receipts $542,000 beginning cash balance 10,000 cash payments 560,000 desired ending cash balance 50,000 If there is shortage, the company borrows money from the bank. All cash is borrowed at the beginning
Expected total sales: Month Sales January $25,000 February 30,000 March 35,000 April 40,000 The company expects 70% of its sales to be an account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 72% in the month following the sale with the remainder being un
A company produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The Co. sells the product for a sales price of $20 per unit. Fixed costs are $18,000. The company is considering investing and that would decrease the variable cost per unit to $8 per unit and double total fixed costs. The compan
Budgeted income statement: sales revenue (2,300 units x $14 sales price) $32,200 total variable expenses (2,300 x $6 per unit) (13,800) contribution margin 18,400 fixed expense (10,000) net income $8,400 The co
In its first year of operations, a company paid $4,000 for direct material and $8,500 for production workers wages. Lease payments and utilities on the production facilities amounted to $7,500 while general, selling, and administrative expenses (GSA) totaled $3,000. The company produced 5,000 units and sold 4,000 at a price of $
What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision-making? Why? As a manager, which would you prefer? Why?
Easton Co. at the end of 2004, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $ 400,000 Estimated litigation expense 1,000,000 Installment sales (800,000) Taxable income 600,000 The estimated litigation expense o