Advanced Cost Accounting: Favorable Variances
Why should favorable variances be analyzed? What should a business organizations process for investigating variances communicate to the employees?
Why should favorable variances be analyzed? What should a business organizations process for investigating variances communicate to the employees?
1. Access the Financial Accounting Standards Board website www.fasb.org, review this site and indicate how this site can be used by an independent auditor in conducting an audit of a company's financial statements. (Approximately 300 words)
What is the history of the management team of Coca Cola? Have there been acquisitions or divestitures for Coca Cola? What is its financial history of Coca Cola?
Hall Inc. has computed federal taxable income before deduction for state taxes of $3 million. It incurred state income tax in six states of $750,000 and paid $60,000 in state franchise taxes. a. Calculate Hall's federal taxable income and tax liability. b. Calculate Hall's total federal and state tax burden as a percenta
Huron Corp. operates in an industry that has a high rate of bad debts. On Dec.31, before any year end adjustments, the balance in Huron's Accounts Receivable acct. was $75,000 and the Allowance for Doubtful Acct. had a balance of $37,500. The year-end balance reported in the statement of financial position for the Allowance for
The percentages of product costs comprised by direct materials, direct labor, and manufacturing overhead for three companies are as follows Company A Direct Materials 7% Direct labor 13 Manufacturing overhead 80 Company B Direct Materials 21% Direct labor
The media and others suggest that the current account deficit run by the U.S. is a problem for the economy. What do you think? What action(s) would you advise federal government officials to take on this issue?
A firm has 1.5 million shares outstanding. EBIT is $5 million and interest paid is $2 million. If the corporate tax rate is 35%, what is earnings per share? a. $0.50 b. $0.95 c. $1.30 d. $1.70 e. $2.50.
ACME Co. will pay a dividend of $5 per share in 1 year. Its stock sells at $50 a share, and firms in the same industry provide an expected rate of return of 14 percent. What is the expected growth rate of the company's dividends?
Imagine you are the financial manager of a corporation responsible for approving next year's annual operating budget. The Marketing, R&D (Research and Development) and G&A (General & Administrative) departments all submitted expense budgets with annual growth of less than 10%. However, the VP of Sales submitted an expense budget
How can managers more effectively use budgets to manage their day-to-day operations? What information do managers need to prepare a useful budget?
A financial analyst is examining the relationship between stock prices and earnings per share. She chooses sixteen publicly traded companies at random and records for each the company's current stock price and the company's earnings per share reported for the past 12 months. Her data are given below, with x denoting the earnings
1. According to the constant growth dividend discount model, an increase in the required rate of return of stock will (everything else equal): a. Increase the value of the stock. b. Decrease the value of the stock. c. Not have any effect on the value of the stock. d. May either increase or decrease the value of the st
Marion Manufacturing has the following labor costs: Factory?Gross wages $141,000 Factory?Net wages 118,000 Employer Payroll Taxes Payable 23,000 How much should Marion debit to Factory Labor to record these amounts? At May 31, 2006, Beyonce Inc. has $4,500 in beginning raw materials, $6,000 of direct labor. If manufacturi
Filigree Inc., a foreign corporation, is a wholly owned subsidiary of Gold Corporation, a U.S. corporation. Filigree's 2003 taxable income of $1 million included $300,000 of Subpart F income. Filigree paid $270,000 of foreign income tax and made no distributions to Gold during 2003. Gold's separate company 2003 taxable income wa
Suppose Sheila and Ed issue 200,000 shares of $1 par value preferred stock at $5 per share. What is the entry for this issuance? How is this transaction treated in the equity section of the balance sheet?
Net Gains and Losses. Need help with a and b. See attached file for full problem description.
Green Thumb Garden Centers sell 240,000 bags of lawn fertilizer annually. The optimal safety stock (which is on hand initially) is 1,200 bags. Each bag costs Green Thumb $4, inventory carrying costs are 20 percent, and the cost of placing an order with the firm's supplier is $25. A) What is the economic ordering quantity?
What are the differences between basic and diluted earnings per share? What are the differences between the numerator and the denominator in the basic and diluted earnings per share calculations? As an investor, do you evaluate a company as a potential investment using basic or diluted earnings per share? Why?
Write an outline for a presentation on the benefits of distance learning from a student's perspective. The audience will be students and teachers with very little computer experience and may be somewhat fearful of the idea. Make sure to tailor the presentation outline with this audience in mind. This outline should be at lea
BJ Motors has annual average purchases of $200,000 and an ending accounts payable balance of $36,000. How long, on average, does the company take to pay for its purchases?
Should the controller assign the Tax Planning function to the Director of Tax? Why or why not?
1. List 5 opportunities and threats that could result from SOCIAL or CULTURAL factors in India and Bangladesh. List how other companies have adapted or overcome these factors in the above two countries?
Your client is the 100% shareholder of company X. Company Y wishes to acquire all of company X. Your client has asked you for your advice whether he should merge his company with Y and accept some stock in the new entity and cash, or accept a cash price for his company. What is your advice and why?
Scenario: 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 of haircuts. Rent and other fixed expenses are $1,750 per month. Hair shampoo
Please answer all twenty-six questions, providing detailed explanations for each answer. 1. Cross Functional Decision Making: A) Brings together individuals from diverse functions and backgrounds in order to generate innovative solutions to problems. B) Brings together individuals from different industries to benchma
Factors and considerations used in determining if a variance is over- or under-applied. Why is this type of analysis important to managers? What are some causes of variances? How should they be addressed? Who should be held responsible for these variances?
One of the CFO's or controller's job is to invest idle cash and make sound investment decisions. What are some common products that can be used to earn some return in a short time on the idle cash?
1. Frantic Fast Foods had earnings after taxes of $390,000 in the year 2000 with 300,000 shares outstanding. On January 1, 2001, the firm issued 25,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 20 percent. a. Compute earnings per share for th
The following are facts about a company; capital (000's) EBIT (000's) $,1000 debt ---- less interest expense ---- equity 3,000 EBT