Explore BrainMass

Explore BrainMass


    BrainMass Solutions Available for Instant Download

    Company A has identified three cost pools to allocate overhead costs.

    Company A has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Overhead Costs Cost driver Activity level Supervision of direct labor $320,000 Direct labor-hours 800,000 Machine maintenance $120,000 Machine-hours 960,000 Facility rent $200,0

    New Portfolio Beta After Selling

    Nicole holds three stocks in her portfolio: A, B, and C. The portfolio beta is 1.40. Stock A comprises 15% of the dollar value of her holdings and has a beta of 1.0. If Nicole sells all of her investment in A and invests the proceeds in the risk-free asset, her new portfolio beta will be: a. 0.60 b. 0.88

    Earnings per share

    XYZ, Inc. ended 2007 with a net profit before taxes of $300,000. The company is subject to a 40% tax rate and must pay $40,000 in preferred stock dividends before distributing any earnings on the 90,000 shares of common stock currently outstanding. XYZ, Inc. had earnings per share in 2007 of: a. $3.33 b.

    Consequence of Tax Cut on Equilibrium Value

    In 1987, the British government cut taxes significantly, raising the after tax return on investments in Great Britain. What would be the likely consequence of this tax cut on the equilibrium value of the British pound?

    Financial Reporting Problem

    Use the Internet to acquire a copy of the most recent annual report for the publicly traded company you selected in Learning Team Meeting One. Then, use the information contained in the balance sheet and income statement to answer the following questions: The Company that I chosed is Motorola. I need help in answering the que

    Homework help

    Illustration 8.1 states the six principles of control (below). How do you think these principles of controls apply any organization. Ø Establishment of responsibility Ø Segregation of duties Ø Documentation procedures Ø Physical, mechanical, and electronic controls Ø Independent int

    A Discussion On EBIT-EPS Calculations

    Moon and Chittenden are considering a new Internet venture to sell used textbooks. The project requires $300,000 in financing. Two alternatives have been proposed. Plan 1 (Common equity financing). Sell 30, 000 shares of stock at a net price of $10 per share. Plan 2 (Debt equity financing). Sell a combination of 15,000 sha

    McFrugal, Inc. - Leverage and EPS

    McFrugal, Inc. has expected sales of $20 million. Fixed operating costs are $2.5 million, and the variable cost ratio is 65 percent. McFrugal has outstanding a $12 million, 8 percent bank loan. The firm also has outstanding 1 million shares of common stock ($1 par value). McFrugal's tax rate is 40 percent. a. What is McFrugal

    Contributions to IRA

    Hi, I have a Rollover IRA and a money market IRA account. If I make contributions to bothe these accounts (transfer money into the IRA account from my checking account), what is the tax implication? Is it a good tax implication? Thanks.

    Expected Opportunity Loss

    Blossom's Flowers purchases roses for sale for Valentine's Day. The roses are purchased for $10 a dozen and are sold for $20 a dozen. Any roses not sold on Valentine's Day can be sold for $5 per dozen. The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100, 200, or 400 dozen roses. Given 0.2, 0.4, and 0.4 are t

    Ivan Rice is a new accountant with Wertz Company.

    P-2. Ivan Rice is a new accountant with Wertz Company. Wertz purchased merchandise on account for $6,000. The credit terms are 2/10, n/30. Ivan has talked with the company's banker and knows that he could earn 10% on any money invested in the company's savings account. Instructions (a) Should Ivan pay the invoice within t

    West Company - Cost of Goods

    I need some assistance with the file. West Company has the following account balances: Purchases $35,000 Sales Returns and Allowances 4,000 Purchase Discounts 2,500 Freight-in 1,875 Delivery Expense 2,500 The cost of goods purchased for the period is a. $37,500 b. $34,375 c. $36,875 d. $32

    Rand Company - Closing Entries

    I need some assistance finding the closing entries for December and retained Earning Account to disclose ending balance for the attached data.

    Theory of Constraints

    Question: Taylor company produces two industrial cleansers that use the same liquid chemical input: pocolimpio and maslimpio. Pocolimpio uses two quarts of the chemical for every unit produced, and maslimpio uses five quarts. Currently, Taylor has 6,000 quarts of the material in inventory. All of the material is imported. For

    Gallup Corporation

    Instructions: Prepare a schedule showing a vertical analysis for 2009 and 2008. ***See attached word document please GALLUP CORPORATION Operating Data 2009 2008 Sales $750,000 $600,000 Cost of goods sold 465,000 390,000 Selling expenses 120,000 72,000 Administrative expenses 60,000 54,000 Income tax expense 33,00

    How Many Microwaves to Make a Profit?

    How many microwave ovens will the following manufacturing company need to sell in order to make a profit of $300,000 this year? Yearly Fixed Costs: $400,000 Cost to make each microwave oven: $85 Selling cost of microwave oven: $199

    Analyzing accounting data

    Explain, Show along with how and why this transaction fits into accounting equation. Looking at this it would make no sense that it would equal out in the books? SEPT 1-SIGNED UP FOR CLASS AT COLLEGE. COST 1,000.00. PUT THIS ON BUSINESS CREDIT CARD SEPT 20-TRANSFERRED 2,500 FROM PERSONAL SAVINGS TO BUSINESS CHECKING SE

    Importance of Book Value per Share

    For this question I am not sure, this measure does not provide meaningful information, is it? How can I explain? Many companies report book value per share which is total equity divided by average shares outstanding. How important is this measure? Does it provide meaningful information? Explain.

    Wyalusing and Fairmont: Return on Investment and Residual Income

    Wyalusing Industries manufactured prefabricated house. They expanded into pre-cut housing when it acquired Fairmont. Wyalusing uses ROI as a performance measure with investment defined as average productive assets. Management bonuses are based in part of the return on investment (ROI). All investments are expected to earn a mini

    Accounting Manager - Financials

    I have just purchased a small mfg. company that does not have an accounting manager. We Mfg. 3 to 5 products from raw materials to the finished product. I have hired two (2) two year accounting graduates to work in the accounting dept. One will be the accounting manager and the other will be the assistant and complete othe

    Ratios: Common Size and Trend Percents

    This file contains examples in the preparation and calculation of financial ratios; both - common size percents and trend percents for the Bluegrass Corporation. Examples which can used to calculate relevant financial ratios for any company.

    Principles of Accounting and Business Entities

    1. What are the three types of business entities, and how they differ? 2. What are the three major areas of accounting? 3. What led the passage of the Public Company Accounting Reform and Investor Protection Act of 2002?

    Critical Thinking in Quality Leaders

    In my experience, individuals who embrace and practice critical thinking tend to make excellent leaders. Whether this be in their personal or professional interactions with others, their ability to asses situations and make objective judgments help them to build strong leadership qualities. What do you think? Do you see any

    Debits and Credits

    What are debits and credits? How do debits and credits affect the accounting equation? Are debits always increases? Are credits always decreases? Why or why not?

    Improvements on the Principles of Internal Control

    1. Sue Ernesto is the owner of Ernesto's Pizza. Ernesto's is operated strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked. Identify th

    Computation of the After-Tax Cost of a Preferred Stock

    Calculate the after-tax cost of a preferred stock for Bozeman-Western Airlines, Inc., which is planning to sell $10 million of $4.50 cumulative preferred stock to the public at a price of $48 a share. The company has a marginal tax rate of 40 percent.

    Return on Investment and Residual Income - Westwood Inc

    Westwood Inc. is a decentralized organization with five autonomous divisions. The divisions are evaluated on the basis of ROI, with year-end bonuses given to the divisional managers who have the highest ROIs. Operating results for the company's Office Products Division for the most recent year are given below: Sales