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    Accounting

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    Interrelationships

    Please describe the interrelationships between 1. Income statement 2. Statement of Changes in Stockholders equity 3. Statement of cash flow 4. Balance sheet

    Quantative approaches :Transportation, Assignment, and Transhipment Problem 1

    Sounds Electronics, Inc produces a battery-operated tape recorder at plants located in Martinsville, NC, Plymouth, Ny and Franklin, Missouri. The unit transportation cost for shipments from the three plants to distribution centers in Chicago, Dallas, and New York are as follows To From Chicago Dallas New York Martinsvill

    Accounting Variable Cost Methods

    Equation Method Moreno Corp. produces products that it sells for $7 each. Variable costs per unit are $4, and annual fixed costs are $81,000. Use the equation method to determine the break-even point in units and dollars.

    Dazzle Book Warehouse

    Dazzle Book Warehouse distributes hardbacks books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. At the end of May, Dazzle's inventory consisted of 240 books purchased at $1,200. During the month of June the following merchandising transactions occurred. June 1 Purchased 130 books on acco

    Calculation Of Corporate Tax, Capital Allowances

    (See attached files for full problem description) --- 1. Calculate Susan's assessable business for the two years of assessment based on her accounts to 30 April 2002. In order to do this: a) Compute the capital allowances for the year. b) Calculate the adjusted profit for the year after capital allowances. c) Calculate

    BOSS NASS COMPANY

    (See attached file for full problem description) BOSS NASS COMPANY WORK SHEET FOR THE YEAR ENDED DECEMBER 31, 2002 Adjusted

    The Marriott Corporation operates many hotels throughout the world...

    The Marriott Corporation operates many hotels throughout the world. Suppose one of its Chicago hotels is facing difficult times because of the opening of several new competing hotels. To accommodate its flight personnel, American Airlines has offered Marriott a contract for the coming year that provides a rate of $50 per nig

    Return on Investment and Capital Turnover

    Keithley Inc. has two divisions that operate as investment centers. The data for each follows: Wholesale Retail Division Division Sales $ 275,500 $ 283,100 Productive Assets 2,755,000 4,275,000 Net Operating Income 606,100 1,150,000 1) What is the return on investment for the Wholesale Division? A) 45.90%

    Return on Investment for Bartholomew Company

    Bartholomew Company's records for Department A provided the following information for last year: Sales revenue $3,400,000 Productive assets 118,000 Net operating income 15,340 Total assets 191,750 What is the return on investment if the division manager only util

    Stench Foods Company

    Stench Foods Company uses a standard cost system to collect costs related to the production of its garlic flavored yogurt. The garlic (materials) standards for each container of yogurt produced are 0.8 ounces of crushed garlic at a standard cost of $2.30 per ounce. During the month of June, Stench purchased 75,000 ounces of

    Materials price variance for the month

    The following materials standards have been established for a particular raw material used in the company's sole product: Standard quantity per unit of output 0.1 pound Standard price $18.20 per pound The following data pertain to operations for the last month: Actual materials purchased 5,700 pounds Act

    Multiple choice accounting questions

    2. HOW SHOULD UNEARNED DISCOUNTS, FINANCE CHARGES, AND INTEREST INCLUDED IN THE FACE AMOUNT OF INSTALLMENT ACCOUNTS RECEIVABLE BE PRESENTED IN THE BALANCE SHEET? A. AS A CURRENT LIABILITY B. AS A DEDUCTION FROM THE RELATED INSTALLMENT ACCOUNTS RECEIVABLE? C. WITHIN THE NET AMOUNT OF INSTALLMENT ACCOUNTS RECEIVABLE? D. AS A

    The arithmetic mean

    For salaries of $102,000, $98,000, $45,000, $106,000 and $101,000, the arithmetic mean would be an appropriate average. True False

    Accounting-Governing Bodies

    1. Why does the accounting profession need governing bodies? Which accounting governing body is the most important and why? 2. There are various governing bodies involved in accounting, emerging accounting issues, and ethical considerations and potential conflicts of interest that CPA firms experience. What kinds of conflic

    4-14: Noncontrolling interest David Company acquired 60 percent of Mark Company for $300,000 when Mark's book value was $400,000. On that date, Mark had equipment (with a 10-year life) that was undervalued in the financial records by $60,000. Also, buildings (with a 20-year life) were undervalued by $40,000. Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted).

    David Company acquired 60 percent of Mark Company for $300,000 when Mark's book value was $400,000. On that date, Mark had equipment (with a 10-year life) that was undervalued in the financial records by $60,000. Also, buildings (with a 20-year life) were undervalued by $40,000. Two years later, the following figures are reporte

    4-13 Noncontrolling interest: David Company acquired 60 percent of Mark Company for $300,000 when Mark's book value was $400,000. On that date, Mark had equipment (with a 10-year life) that was undervalued in the financial records by $60,000. Also, buildings (with a 20-year life) were undervalued by $40,000. Two years later, the following figures are reported by these two companies (stockholders' equity accounts have been omitted). What is the noncontrolling interest's share of the subsidiary's income and what is the ending balance of the noncontrolling interest in the subsidiary?

    David Company acquired 60 percent of Mark Company for $300,000 when Mark's book value was $400,000. On that date, Mark had equipment (with a 10-year life) that was undervalued in the financial records by $60,000. Also, buildings (with a 20-year life) were undervalued by $40,000. Two years later, the following figures are reporte

    Accounting

    The major difference between the indirect and the direct method of a statement of cash flows appears in which the following activities section(s)? The investing activities and financing activities sections. The investing activities section only. The operating activities and financing activities sections. The

    Accounting

    Identifying Cost Behavior Hoover's Kitchen, a fast-food restaurant co., operates a chain of restaurants across the nation. Each restaurant employs 8 people; one is a manager paid a salary plus a bonus equal to 3% of sales. Other employees, two cooks, one dishwasher, and four waitresses are paid salaries. Each manager is b

    Accounting

    What percentage of the contribution margin is profit on units sold in excess of the breakeven point? It's 50% to the contribution margin ratio. It's equal to the variable cost ratio. It's equal of the gross profit ratio. It's 100%

    Total contribution margin accounting

    Each of a company's several product lines has a different contribution margin ratio. Total sales in 2004 were 20% higher than total sales in 2003. Total contribution margin for 2004 will be: the same as it was in 2003, regardless of changes in sales mix. 20% higher than it was in 2003, regardless of changes in sales mi

    Standard deviation

    Year actual return actual return deviation squared deviation 1 -14.69 .05 2 -26.47 .05 3 37.23 .05 4 23.93 .05 5 -7.16 .05 6 6.57 .05 7 18.67

    2 Problems

    7. You are the newly appointed assistant administrator at a local hospital, and your first project is to investigate the quality of the patient meals put out by the food-service department. You conducted a 10 day survey by submitting a simple questionnaire to the 400 patients with each meal, asking that they simply check off tha

    2 Problems

    1. An initial pilot run of 10 units produces the following times: Unit Number Time(Minutes) 1 39.00 2 37.05 3 35.95 4 35.20 5 34.62 6 34.16 7 33.77 8 33.44 9 33.14 10 32.89 a According to this pilot run, what is your estimate of the learning rate using the learning curve equation. b. How much time will it take

    ACME Corporation received data below for its production unit...

    1. ACME Corporation received data below for its production unit. Input: Direct Labor Hours of Production 500 hours Indirect Labor Hours 150 hours Direct Labor Rate $7.50/hour Indirect Labor Rate $20/hour Raw material $30,000 Component parts $15,350 Output: 50,000 cages $4.50/unit (0-20,000 units)

    Net operating income

    Information concerning Label Corporation's operations follow: Sales...$300,000 Variable expenses...$240,000 Fixed expenses...$40,000 Assuming that Label increased sales by 20%, what should net operating income be?