See pdf file attached Problem 13-2A: Calculation and analysis of trend percents L.O. A1, P1 Selected comparative financial statements of Haroun Company follow: HAROUN COMPANY Comparative Income Statements ($000) For Years Ended December 31, 2009-2003 2009 2008 2007 2006 2005 2004 2003 Sales $ 1,694 $ 1,496 $ 1,370 $ 1
Can you please help with some True/False and Multiple questions for an accounting class specializing in Business Taxation. My school is located in Minnesota so all US GAAP, etc would apply. 1. Dew-Drop Trust had a $10,000 of dividend income and a $7,000 capital gain for the year. The trust is a simple trust. Under state law b
The warrants of Integra Life Sciences allow the holder to buy a share of stock at $11.75 and are selling for $2.85. The stock price is currently $8.50. To what price must the stock go for the warrant purchaser to at least be assured of breaking even?
What is the accounting equation? What does it tell you? Why does it have to balance? What happens if the equation does not balance? How does technology play a role in this?
Answer question in the attached file.
1. Lyle and Kaye James are married, have two minor children, Jessica age 8 and Jerron age 4, and are filing a joint tax return in the current year. They are both employed. Lyle and Kaye, ages 38 and 37, respectively, have combined salaries of $240,000, from which $42,000 of federal income tax and $10,000 of state income tax are
Acme Company performance bonus for Fred Riley. Comment on the effectiveness of the bonus plan used by Acme.
Acme Company manufactures a variety of industrial products which are sold throughout the country. Fred Riley has been manager the Eastern Branch of Acme Company for the past three years. Starting in year 2, he was able to qualify for a $50,000 annual bonus for meeting a target growth rate of 10% of gross sales. Income stateme
I need help figuring out the practice problems attached. Please show work were needed. Thanks so much for your help! Practice Problems Week 5 1. Managerial accounting information A) pertains to the entity as a whole and is highly aggregated. B) must be prepared according to generally accepted accounting principles
I am having problems with the following 5 accounting problems. Can you help me? I have attached my information to assist you. Thank you in advance for your assistance! Answer the five questions. Question #5, can be submitted in an in an Excel file. All other responses should be contained in a single Word file. Maximum leng
Question 33: Hanna Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 55 $ 44 Accounts receivable 55 50 Inventory 73 64 Plant and equipment 641 450 Accumulated depreciation ( 331) ( 345) Total assets $493
Please help with the following problem. Provide a simple solution for each. Ferrar Corporation has two major business segments - Consumer and Commercial. Data for the segment and for the company for March appear below: Sales revenues, Consumer $681,000 Sales revenues, Commercial $300,000 Variable expenses, Consu
Question 19: J Corporation has two divisions. Division A has a contribution margin of $79,200 and Division B has a contribution margin of $130,000. If total traceable fixed costs are $71,500 and total common fixed costs are $32,500, what is J Corporation's net operating income? $114,200 $93,200 $111,200
Question 7: (2 points) Tub Co. uses a standard cost system. The following information pertains to direct labor for product B for the month of October: Actual rate paid $8.40 per hour Standard rate $7.70 per hour Standard hours allowed for actual production 1,820 hours Labor efficiency variance $1,480 unfavorable
Question 1: Sioux Company is estimating the following sales for the first six months of next year: January $248,000 February $213,000 March $232,000 April $297,000 May $355,000 Sales at Sioux are normally collected as 55% in the month of sale, 41% in the month following the sale, and the remaining 4% being unc
35. The income statement for Raple Stark Company for 2006 appears below. Raple Stark Company Income Statement For the Year Ended December 31 , 2006 Sales (25,000 units) $ 650,000 Variable expenses 227,500 Contribution margin 422,500 Fixed expenses 439,400 Net i
34. The following information is available for a product manufactured by Gardenia Corporation: Per Unit Total Direct materials $ 62.50 Direct labor $ 47.50 Variable manufacturing OH $ 15.00 Fixed manufacturing OH $ 250,000 Variable selling and admin expenses $ 10.00 Fixed selling and admi
Tip Top Painting Company has the following production data for January: ? Beginning work in process, 0 units ? Units transferred out, 35,000 ? Units in ending work in process, 4,000, which are 30% complete for conversion costs Materials are added only at the beginning of the process. Compute equivalent unit
Can you help me get started on these problems? 1. Frank & Jane are married and file a joint return. Both are active participants in their employer qualified retirement plans. Their total AGI in 2007 is $87,000 and they earn salaries of $46,000 & $40,000. A. What amount can Frank & Jane contribute to traditional IRAs in 20
Please answer questions (see attachment): Below is information on food items for the years 2000 and 2004. 2000 2004 Item Price Quantity Price Quantity Margarine (pound) $0.81 18 $0.89 27 Shortening (pound) 0.84 5 0.94 9 Milk (1/2 gallon) 1.44 70 1.43 65 Potato chips 2.91 27 3.07 33 1. Compute a simple price index for
An open-end fund is set up to charge a load. Its NAV is $8.72 and its offer price is $ 9.25. ? (a) What is the dollar value of the load commission? ? (b) What percent of the offer price does the load represent? ? (c) Do load funds necessarily outperform no-load funds? ? (d) How do no-load funds earn a return if they do not c
The New Pioneer closed-end fund has 520 million in securities, 5 million in liabilities and 10 million shares outstanding. It trades at a 5% premium above its net asset value (NAV): ? (a) What is the NAV of the fund? ? (b) What is the current price of the fund? ? (c) Why might a fund trade at a premium above its NAV?
See attached file. The XYZ Corporation manufacturers both Product A and Product B. Operating Information from the previous year is as follows: Product A: Units produced and sold 5000 Machine hours used 5000 Sales price per unit $6 Variable cost per unit $4 Product B: Units pro
Paris Company provides the following ABC costing info: Activities Total Costs Activity-Cost Drivers account inquiry hours $400,000 10,000 hours account billing lines 280,000 4,000,000 lines account verification 150,000 40,000 accounts correspondence letters 50,0
Please refer to the instruction sheet. For Stillmore Investigations, Sweeney & Associates,
Required: (A.) Calculate the company's sales margin, capital turnover, and return on investment for 20x1. (B.) If the sales and average invested capital remain the same, to what level would total costs and expenses have to be reduced in 20x2 to achieve a 15% return on investment? (C.) Assume that costs and expenses are reduce
The accounting records of Backspace, Inc., revealed an accounts receivable balance of $195,000 on January 1, 20x6.
I need help with these 2 problems.Thanks. 3. The accounting records of Backspace, Inc., revealed an accounts receivable balance of $195,000 on January 1, 20x6. Forty percent of the company's sales are for cash, and the remaining 60% are on account. Of the credit sales, 30% are collected in the month of sale and 70% are collec
PLEASE SHOW CALCULATIONS AND NEEDS TO BE 1-2 PAGES...PLEASE FULLY EXPLAIN THE ANSWER Andre has asked you to evaluate his business, Andre's Hair Styling. 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
B Company had 400,000 shares of common stock outstanding during the year 2008. In addition, at December 31, 2008, 90,000 shares were issuable upon exercise of executive stock options which require a $40 cash payment upon exercise (options granted in 2006). The average market price during 2008 was $50. Can you please tell me
Empire Company makes two products: Karpet Kleen and Fabric Kleen. Operating information from the previous year is as follows:
Empire Company makes two products: Karpet Kleen and Fabric Kleen. Operating information from the previous year is as follows: Karpet Kleen Fabric Kleen Units produced & sold 5000 3000 Machine hours used 5000 2000
Manor, Inc. which has excess capacity, received a special order for 4000 units at a price of $15 per unit. Currently, production and sales are budgeted for 10,000 units without considering the special order. Budget information for the current year follows: Sales $190,000 Less: CGS 152,000 Gross Ma