Explore BrainMass

Explore BrainMass

    Accounting

    BrainMass Solutions Available for Instant Download

    Interpreting Charts

    Need assistance with chart interpretation. Please see attachment. Problem # 10 pg 408 ~ A services process is monitored using x and R charts. Eight samples of n = 10 observations Have been gathered with the following results: Sample Mean Range 1 4.2

    Discretionary Income

    As interest rate rise will the discretionary income also rise. True or false and explain.

    Oneida Restaurant Supply Company Predetermined Overhead Rate

    The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue.........$205,000 Actual manufacturing overhead...340,000 Budgedted machine hours..........10,000 Budgeted direct-labor hours......20,000 Budgeted direct-labor rate..........$14 Budgeted manufacturing overhea

    Using the Cost of Equity Method

    Since Boomer Company's inception, Madison Company has owned 18 percent of Boomer's outstanding common stock. Madison provides three key management personnel to Boomer and purchased 25 percent of Boomer's output during 20X7. Boomer is profitable. On January 2, 20X8, Madison purchased additional common stock to finance Boomer's ex

    Buy-side and sell-side financial analysts question

    There are two major types of financial analysts: buy-side and sell-side. Buy-side analysts work for investment firms and make stock recommendations that are available only to the management of funds within that firm. Sell-side analysts work for brokerage firms and make recommendations that are used to sell stock to the brokerage

    Fundamental and Technical Analysis

    What is the difference between fundamental and technical analysis? Can you think of any trading strategies that use technical analysis? What are the underlying assumptions made by these strategies? (Answer in 1 short paragraph)

    Financial Ratios

    More with financial ratios. Need to answer only 3 questions of your choice. Please see attached file for full problem description. a. Is it becoming easier for the company to pay its bills as they come due? b. Are customers paying their accounts at least as fast now as they were in Year I? c. Is the total of accounts r

    Chapter 8 - Application Problem 12

    This file contains a formatted MS word file containg the answers to questions from Advanced Accounting - Chapter 8 - Application Problem 12

    Accounting - Oakley Company

    -----CVP Analysis with Production and Marketing Decisions Ch. 8------ Oakley Company manufactures and sells adustable canopies that attach to motor homes and trailers. The market covers both new units as well as replacement canopies. Oakely developed its 20x2 business plan based on the assumption taht canopies would sell at a p

    Question about Payroll tax expense

    An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $5,500; Social security tax rate, 6% on maximum of $100

    Snider Company

    D. The inventory of Snider Company was destroyed by fire on April 1. From an examination of the accounting records, the following data for the first three months of the year are obtained: Sales $225,000 Sales Returns and Allowances 5,000 Purchases 90,000 Freight-In 3,500 Purchase Returns and Allowances 4,000 Requ

    Omega Company Financial Standing

    A. The following information is available for Omega Company for the year ending 12/31/2006. Cost of goods sold $ 65,000 Net sales 122,000 Selling and administrative expenses 43,000 Other expenses and losses 17,000 Other revenues and gains 19,000 The company's effecti

    Omega Company

    Please see attached file for full problem description. PART I - TRUE/FALSE Instructions: For each statement below (a) identify whether the statement is True or False, and (b) fully explain your answer. Management may choose any inventory costing method it desires as long as the cost flow assumption chosen is consistent w

    Accounts Payable for Dino Corp

    Dino Corp had cost of goods sold of $300,000 for the year ended Dec 31, 2002 and an ending inventory balance of $50,000. The beginning balances in inventory and A/P were $20,000 and $16,000 respectively. Dino finances 80% of its inventory purchases with trade A/P, incurs purchase ratably throughout the year, and consistently p

    Par Value & Retained Earnings

    KC issued 40,000 shares of its $8 par value common stock for $9 on Jan 1, 2002. KC repurchased 1,000 shares at $8 per share on Apr 1, 2003, resold 500 shares at $9 per share on July 1, 2003, and on Oct 1, 2003, resold the final 500 shares at $5 per share. Assuming KC uses the par value method of accounting for its treasury sto

    Dividends Paid to Each Class of Stocks

    D Corp has 20,000 shares of $5 participating 9% cumulative preferred stock and 100,000 shares of $2 common stock. On July 1, 2003, the board of division declared a $30,000 dividend at the time the common stock was selling for $25 per share and the preferred stock was selling for $30. The total dividends paid to each class of s

    Deferred Tax Expense

    T'S Surf Shop had a taxable income in 2003 of $500,000 and a pretax financial income of $600,000. The company had a cumulative $200,000 difference between its taxable income and pretax financial statement income at Dec 31, 2002. These differences were solely related to accelerated depreciation methods used for income tax purpo

    Adjusting Entries and Revenue Recording

    Problem #1 The Ritz Manor is a popular seaside resort. A double room cost $220 for one night, in order to reserve a room, guests must pay one night's stay in advance. On each floor of the hotel, Vendalite Company operates vending machines with energy bars, juices, and other snacks for guests. Vendalite stocks the machines and

    Company Gain and Interest

    On June 30, 2007, Kelly sold property for $250,000 cash on the date of sale and a $750,000 note due on September 30, 2008. No interest was stated in the contract. The present value of the mote (using 6.5%, which was the Federal rate) was $692,625. Kelly's basis in the property was $400,000, and $40,000 of the gain was subject

    Accounting Periods & Methods for Moss Company

    Moss Company is a computer consulting firm. The company also sells equipment to its clients. The sales of equipment account for approximately 40% of the company's gross receipts. The company has consistently used the cash method to report its income from services and the accrual method to report its income from the sale of in

    Explain why cash flow is important

    In an organization, such as Wal-Mart, identify at least four significant decisions that must consider cash flow. For each decision, explain why cash flow is important. My goal is to elaborate on the information that you provide. If you can give me two to three paragraphs on each decision - I should be able to expand that to o

    Eat-M-Up, Inc

    Eat-M-Up, Inc. produces bird seeds. All direct materials used in the production process are added at the beginning of the manufacturing process. Labor and overhead are added evenly thereafter, as each unit is mixed and packaged. Blue Sky uses process costing and had the following unit production information available for the

    Chapter 6 Research Problem 1 - Gambali (Ross)

    Chapter 6 Research Problem 1 Gambali (Ross), a calendar-year, accrual basis S corporation, makes regular and substantial contributions to local tax-exempt charitable organizations. On December 20, its board of directors authorized a $175,000 contribution to the Calvin Home for Abused Children. The corporation paid the contri

    Chapter 4 Research Problem 1 - Northeast Products

    Chapter 4 Research Problem 1 Northeast Products manufactures video equipment that it sells through a distributor. The distributor provides a warranty to its retailers and to the final consumers who buy the video equipment. The warranty provides that the distributor will make any repairs necessary to correct any problem with t

    Capital Business Objectives

    Discuss what can go right along the way with capital, what can go wrong, and what has to happen to achieve business objectives and to increse or preserve options. Please use peer-reviewed journal articles and book to support your 150-200 word response. Be sure to use APA 5th edition guidelines for in-text citations and the ref

    ADVERTISEMENT