I have attached the problem (5-48). I do not need the answers on the attachment but the two below. 1. Utilizing ABC, how much overhead is assigned to the order for men's razors? 2. Utilizing ABC, how much overhead is assigned to the order for women's razors?
The following table lists possible rates of return for company X stock and debt and on the market portfolio. The probability is listed. State Probability Return on Stock (%) Return on Debt (%) Return on Market (%) 1 0.1 3% 8% 5% 2 0.3 8% 8%
Orr Corporation's manufacturing costs for August when production was 800 units appears below: Direct material $10 per unit Direct labor $4,800 Variable overhead 4,000 Factory depreciation 3,000 Factory supervisory salaries 2,000 Other fixed factory costs 1,000 How much is the budgeted manufacturing cost for a month whe
See attached file for full problem description. 1. "Generally accepted" in the phrase generally accepted accounting principles means that the principles a. are proven theories of accounting. b. have substantial authoritative support. c. have been approved by the Internal Revenue Service. d. have been approved for us
You are in the 28% income tax bracket and pay long-term capital gains taxes of 15%. What are the taxes owed or save in the current year for each of the following sets of transactions a) You buy 100 shares of ZYX for $10 and after seven months sell it on 12/31,200x, for $23. You buy 100 shares of WER for $10 and after 15 month
Six years ago, Rollo Inc., gained a nonqualified stock option to Mrs. Jacques to buy 5,000 shares of Rollo stock per $15 per share for six years. At the date of grant, Rollo stock was selling on the AMEX for $14.75 per share. This year, Mr. Jacques exercised the option when the price was $45.10 per share. 1. How much compensa
Mugs and More sells a large variety of coffee mugs. Larry Hooper, the owner, is thinking of expanding his sales by hiring local high school students, on a commission basis, to sell coffee mugs bearing the name and mascot of the local high school. These coffee mugs would have to be ordered from the manufacturer six weeks in a
Use the following information for questions 18-19. Becker Company developed the following data for the current year: Beginning work in process inventory $ 60,000 Direct materials used 36,000 Actual overhead 72,000 Overhead applied 54,000 Cost of goods manufactured 66,000 Total manufacturing costs 180,000
Two years ago, Micro Corporation granted its employee, Alisa, 20,000 incentive stock options with an exercise price of $15 per share. The stock is currently trading at $40 per share, but Alisa expects that it will continue to increase. She wants to exercise her options this year and can either exercise them now or wait until lat
I have done Chapter 4, Question 64 from Brealey-Myers-Marcus, Fundamentals of Corporate Finance. The only thing is that I have worked out question 64b, but I am unsure to which of my methods is the correct way to be doing this. Here is the question: A couple will retire in 50 years; they plan to spend about $30,000 a
The following information is for employee Mary Ryan for the week ended March 15. Total hours worked: 48 Rate: $15 per hour, with double time for all hours in excess of 40 Federal income tax withheld: $200 United Fund deduction: $50 Cumulative earnings prior to current week: $6,400 Tax rates: Social
What do you think the following statement means?: "Performance evaluation seeks to achieve goal congruence and managerial effort."
Determining the Amount of Applied Overhead. See attached file for full problem description.
Explain how a licensed CPA (as an outside auditor) could be of value to your company.
During 1998, the Senbet Discount Tire Company had gross sales of $1 million. The firm's cost of goods sold and selling expenses were $300,000 and $200,000, respectively. These figures do not include depreciation. Senbet also had notes payable of $1 million. These notes carried an interest rate of 10%. Depreciation was $100,000.
Exercise 16-17 C-V-P Analysis The Last Outpost is a tourist stop in a western resort community. Kerry Yost, the owner of the shop, sells hand-woven blankets for an average price of $30 per blanket. Kerry buys the blankets from weavers at an average cost of $21. In addition, he has selling expenses of $3 per blanket. Kerry rents
Once a method of accounting has been selected and applied for tax reporting, it can only be changed with permission of the IRS. Any change from an improper method to a proper method will automatically be approved after filing for permission. Required: 1. List three common types of changes in method subject to revi
What is meant by method of accounting for tax purposes? What are the general rules regarding selection of a method of accounting for tax purposes?
Earnings per share in 2007 was $2.82, and in 2002 it was $1.65. The company's payout ratio is 30%, and the stock is currently valued at $41.50. Flotation costs for new equity will be 15%. Net income in 2008 is expected to be $15 million. The market-value weights of the firm's debt and equity are 40% and 60% respectively.
The Smith Company has determined that the following will be true next year: T = Ratio of total assets to sales = 1 P = Net profit margin on sales = 5 % d = Dividend payout ratio = 50 % L = Debt-equity ratio = 1 a. What is Smith's sustainable growth rate in sales ? b. Can Smith's actual growth rate in sales be differe
See attached file for full problem description. 1 A company has the following capital structure $ 50 000 ordinary $ 10 shares 500 000 1000 000 5% convertible loan stock 1 000 000 One half of the loan stock holders converted at the rate of three new ordinary shares of $ 10 each per $ 100 of l
Please help answer the following questions. Provide at least 200 words in your explanation. What is meant by accounting period for tax purposes? What are the general rules regarding selection of an accounting period for tax purposes?
Please show me and explain briefly how to determine the estimated Growth Rate & EPS for "Whole Foods Markets" (Ticker Symbol: WFMI). [attached Excel file contains the 3 Financial Statements] I'd just like to see the procedure (or models) and the explanation/justification for the projected estimates you've derived.
You're the owner of a professional sports franchise. Are your players capital assets? Why or why not? How would you account for their compensation?
Can you help me get started with this project? JetSet Travel, Inc. expects to become very successful in the manufacture and sales of its new luggage line. This luggage will be sold at about $300 per set. JTI executive staff has asked you to provide them a slide presentation in the next staff meeting which gives calculati
On March 15, year 1, James Smith formed a business to rent and service vending machines. In April of year 1, James bought 20 venting machines for $60,000; in April of year 2, he bought 20 more machines for $65,000; in June of the current year, he purchased 10 more vending machines for $35,000. All vending machines have a seve
Compare and contrast the three methods of marking up merchandise (based on cost, based on selling price, and marking up perishables).
As the CFO of SAL Inc., you discover a misstatement that overstated net income in the prior year's financial statements. The misleading financial statements appear in the company's annual report that was issued to banks and other creditors less than a month ago. After much thought about the consequences of telling the president
Roberta Wynn has been a partner in the Cato partnership for a number of years. With the permission of the other partners, she sells her partnership interest to a third party. At the time of sale, her basis in her partnership is only $100. For the portion of the year to the date of sale, she is allocated a partnership loss