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    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

    Cardinal Company has the following obligations at December 31

    Cardinal Company has the following obligations at December 31: (a) a note payable for $100,000 due in 2 years, (b) a 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments, (c) interest payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate whether it should be

    Case analysis - Texas Instruments and HP

    Hello I am preparing for an exam and my instructor indicated it will be very familiar to this article. I am hoping an OTA can help me interpret the case. I have to answer the following question and give an in-depth analysis. Given the difference in strategy between the two firms within the case , what would you expect woul

    Income Tax Expense, Investment Revenue, and Tax Liabilities

    1. For its first year of operations Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income 300,000 Permanent difference (15,000) 285,000 Temporary difference - depreciation (20,000

    Maximizing Transfer Price

    When dealing with transfer pricing between different countries with different tax rates and different willingness to pay, how do you determine the optimum transfer price of a product from the corporation's point of view? Example: A company has a product that costs $525,000. A division in the U.S., normally can sell at $650,000,

    Who must file a tax return in 2007?

    A) Ben, age 19, a full-time college student, he is claimed as a dependent by his parents. He earned $5,400 wages during the year. b) Anita, age 12, is claimed as a dependent by her parents. She earned interest income of $1,200 during the year. c) Earl, age 16, is claimed as a dependent by his parents. He earned wages o

    Compute taxable income for Marjory

    Compute the taxable income for 2007 for Marjory on the basis of the following information. Marjory is married but has not seen or heard from her husband since 2005. Salary $6,000 Interest on bonds issued by city of Independence (MO) 2,000 Interest on CD issued by Hivernia Natio

    Minimum Price & Transfer Price Questions

    Allied Company's Small Motor Division manufactures a number of small motors used in household and office appliances. The Household Division of Allied then assembles and packages such items as blenders and juicers. Both divisions are free to buy and sell any of their components internally or externally. The following costs relate

    Addressing Accounting Policies

    Accounting Principle Board (APB) Opinion No. 22 and the Emerging Issues Task Force (EITF) have both addressed the disclosure of accounting polices. If you should examine the requirements mandated by the APB Opinion No. 22. Also, the list and summarize the supplemental guidance issues addressed by the Emerging Issues Task Forc

    Depreciation Fixed Assets

    I need to know if a computer that cost 1067.00 should go under fixed assets and use a depreciation schedule or if it would be better to just deduct the cost for a sole proprietor and how the tax lines should be assigned in the chart of accounts.

    Variances

    1. Prepare report showing budgeted and actual costs for patients. Show variances. Working with spending variances and efficiency variance. Medical assistants 1580 patients $14.00 per hour standard wage -- each asst. expected to spend 30 minutes w/ patient Assistants total 840 hours @ average pay rate of $15.50 Ans