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
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
How the organization's vacation policy affects the reporting of vacation benefits (pay) payable?
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
The standard cost system unfavorable variances are also equivalent to under-applied over head as to favorable variances are equivalent to over-applied overhead. Thanks!
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: 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
Currently, all funding for your used book store business comes from a rich relative. What other forms of funding (e.g. stock, bonds, venture capital) might be logical alternatives for your business and what would you need to do to qualify for them? How would the risks of such alternative funding sources compare with the risk o
Understanding Real World Demand Introduction: You have been hired by ABC Corp. to evaluate the demand for health food in the market. You are invited to a team meeting for a discussion on the demand for health food. Task: Discuss the factors that influence the demand for health food in the market. 1)Give at least two fac
Please see both tabs in the attached file. Given Data P11-04A: PALOMA CO. Tax Rate Applied to FICA-Social Security 6.20% First $94,200 FICA-Medicare 1.45% Gross pay FUTA 0.80% First 7,000 SUTA 2.15% First 7,000 Gross Pay Current Week through Gross WH Name 8/18 Pay Tax Dahlia $9
Please refer to attached. Lauren Stephens owns William's Restaurant, which sells hamburgers for carry out or drive through only. Each Hamburger sells for $2. Lauren employs several part-time employees and a full-time manager. She leases the building and hires a cleaning company to provide services on a weekly basis. Th
"Enterprise Funds should not be permitted to accumulate unrestricted net assets, since to do so would indicate overpricing of its services." Do you agree? Why or why not?
1. Consider the formula P = 67.38 ? (1.026)t. If we let P represent the population of Mexico in year t where t is the number of years from 1980. The following table gives the estimated population (in millions) of Mexico for the years 1980 to 1986. Year Population in Millions 1980 67.38 1981 69.13 1982 7
Toms River Developers purchased land for $1 million that can be divided into 800 lots. These lots are of different sizes and shapes and are sorted into three groups: A, B, and C. Calculate the cost per lot utilizing the relative sales value method from the information below. Lots Number of Lots Sales Pric
Anita Job owns 507 shares in the Rapid Employment Corp. (a firm that provides temporary work). There are 11 directors to be elected. Twenty-one thousand shares are outstanding. The firm has adopted cumulative voting. a. How many total votes can be cast? b. How many votes does Anita Job control? c. What percentage of
What part(s) of the AICPA Code of Conduct was violated by Andersen? By any Enron employee who was a CPA.
Earnings Per Share will appear on a corporation's income statement. Is there a general ledger for Earnings Per Share? Why or why not?
Michelle Beckers target income in her business for the upcoming year is $78,500. The company's gross profit margin averages 32.6 percent of sales, and its total operating expenses run 24.7 percent of sales. To achieve her target income, sales of Michelle's company should be: a. $148,773 b. $993,671 c. $317,814 d. $1,271,34
How does negligence apply to the accounting profession? Fully explain your answer.
Please see at attachment. 7. Walker Corp. is a retail store that sells shoes and boots. In the past, it has bought all its shoes from a supplier for $15 per unit. However, Walker has the opportunity to acquire a small manufacturing facility where it could produce its own shoes. The projected data for producing its own shoes
1. What are several examples of operating assets? Why are operating assets essential to a company's long-term future? 2. What factors may contribute to the decline in usefulness of operating assets? Should the choice of depreciation method be related to these factors? Must a company choose just one method of depreciation fo
The following information pertains to Murphy Hardware: Sales Revenue $1,500,000 Gross Margin 600,000 Income (Profit) 130,000 Invested Capital 400,000 Imputed interest rate 8% A) The ROI is: B) The residual income is:
One linear model for computing an individual's "ideal" weight uses the following equations: Ideal weight for man of height h inches: woman = 160 + 6 × (h - 65) Ideal weight for woman of height h inches: woman = 100 + 5 × (h - 60). Use Excel to sketch the graph of each of these equations on the same set of axes with h on the
I need to solve this cost accounting problem. Please, see the attachment. Thank you. 1. Arnold Company manufactured two products, A and B, during April. For purposes of product costing, an overhead rate of application of $2.50 per direct-labor hour was used, based on budgeted annual factory overhead of $500,000 and 200,000 bu
I need to figure out the job costing problem. Please, see the attachment. Thank you. 1. Powell Company uses a job costing system. During the month of May, Powell spent most of its time on job A50, which was started late in April. Following is cost information for job A50, other May costs, and relevant annual estimates.
1) Find a recent annual report for Coca Cola company on the Internet. Include the date of the annual report you accessed and the website address for the 2007 annual report. Locate the audited financial statements. Review the audited balance sheet and income statement in the annual report to answer the following questions: 1.