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# Accounting

### An overview of external uses of accounting

Costs can be classified into two categories, fixed and variable costs. These costs behave differently based on the level of sales volumes. Suppose we are running a restaurant and have identified certain costs along with the number of annual units sold of 1000. Item: Raw Materials (cost for hamburgers) Total Annual Cost: 650

### Investing in U.S. Treasury Bills

Suppose you are the president of Lands' End, Inc. would you be most incline to make large investments in U.S. Treasury bills, the stock of eBay, or new lines of merchandise in your main line of business? Explain your choice.

### Weekly overtime hours worked by all the employees

The weekly overtime hours worked by all the employees at the Publx Market are 1, 4, 6, 12, 5, and 2 Is this a sample of the population? What is the mean number of overtime hours worked? What is the median interpret? What is the mode? What is the mean deviation? What is the standard deviation? What is the

### Class Question

271 363 159 76 227 337 295 319 250 279 205 279 266 198 117 162 232 303 192 181 321 309 246 278 50 41 335 116 100 151 240 474 297 170 188 320 429 294 570 342 279 235 434 123 325 How many classes would you recommend? What Class interval would you suggest? What would you recommend as the lower limit of the

### Theory of Constraints

See attached file for actual problem. Need help understanding how to apply the theory of constraints to a merchandising organization. --- University Bookstore is a nonprofit retail outlet for textbooks, computers, and general merchandise (including trade books, supplies, and university-licensed apparel and gifts). It is

### Accounting Theory : Objectivity and Bias

Objectivity (also called "verifiability") and bias (usefulness) are two extremely important characteristics of accounting. Examine each of the following situations for possible impact upon these key constructs. ___________________________________________________________________ You work as an accountant for a corporation headq

### The solution to Return on stocks and bonds

Analyze the risk of a portfolio Use the data below and consider portfolio weights of .60 in stocks and .40 in bonds. Rate of Return Scenario Probability Stocks Bonds Recession 0.2 -5% 14% Normal 0.6 15% 8% Boom 0.2 25% 4% a. What is the rate of return on the portfolio in

### Scenario Analysis

Scenario Analysis. Consider the following scenario analysis: Rate of Return Scenario Probability Stocks Bonds Recession .20 -5% +14% Normal economy .60 +15 +8 Boom .20 +25 +4 a. Is it reasonable to assume that Treasury bonds will provide higher returns in recessions than in booms? b. Calculate the expected rate of re

### ABC (activity based costing) for the cordless phone manufacturing division.

The cordless phone manufacturing division of a Denver-based consumer electronics company uses activity-based costing. For simplicity, assume that its accountants have identified only the following three activities and related cost drivers for indirect production costs: Activity Cost Driver: Materials handling, Direct materia

### NOT a shortcoming of using the Average Accounting Return method

Which of the following is NOT a shortcoming of using the Average Accounting Return method to make financial decisions? A) Uses Financial Statements as relevant input data. B) Offers no guidance on what the right targeted rate of return should be. C) Takes no account of time value. D) Uses averages. E) May result in m

### Stock price

Here is recent financial data on Pisa Construction Inc Stock price \$ 40 market Number of shares 10,000 Earnings per share \$4 value of firm \$400,000 Book net worth \$500,000 ROI 2% quaterly Pisa Construction has not performed spectacularly to date, however it wishes to issue new shares to obtain \$100,000 to finance expansi

### Exercise 3-26

In 1996 a total of 14,968,000 taxpayers in the United States filed their individual tax returns electronically. By the year 2002 the numer increased to 46,282,200. What is the geometric mean annual increase for the period?

### Financial theory/Portfolio risk study

This is a research, Master level question. I need to know the definitions of the variables below. How would they affect a company's portfolio performance and risk. They are: average beta, Market D/E Ratio, Tax rate, Unleveled Beta, Cash/Firm Value, Unleveled beta corrected for cash, standard deviation in stock, standard

### Accounting Problem

P1-8A In recent years, Waterfront Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information concerning the buses is summarized below.

### Information systems

Please provide an explanation and one example for each of the following questions: 1. In what way does the AIS support decision-making? 2. How do experty systems improve the use of knowledge? 3. How does a modem work? 4. What are the disadvantages of prototyping relative to the waterfall approach to systems developm

### Absorption and Variable Costing: Production Constant, Sales Fluctuate

George Goodman obtained a patent on a small electronic device and organized Goodman Electronics in order to produce and sell the device. During the first month of operations, the device sold very well, so Mr. Goodman looked forward to a healthy profit from sales. However, he was surprised to see a loss for the month on his inc

### Accounting

Osborn Manufacturing uses a predetermined overhead rate of \$18.20 per direct labor-hour. This predetermined rate was based on 12,000 estimated direct labor-hours and \$218,400 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of \$215,000 and 11,500 total direct labor-

### Accounting

Luthan Company uses a predetermined overhead rate of \$23.40 per direct labor-hour. This predetermined rate was based on 11,000 estimated direct labor-hours and \$257,400 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of \$249,000 and 10,800 total direct labor-hours

### Price and Income Elasticity calculations

I am trying to work on the 3 questions below and am having a problem with calculating these, and am after an answer to review for each, so that I can see the method used and then apply to other questions and work required. Data below 1. Calculate the price elasticity using 1992 data The ratio of the percentage c

### Full Disclosure Principle in Accounting

What is the full disclosure principle in accounting? Why has disclosure increased substantially in the last 10 years? Include an explanation of the need for full disclosure in financial reporting and identify possible consequences of failing to properly disclose certain items in financial statements.

### Valuation Methods

Are some valuation methods inherently wrong for some companies? Why or why not?

### Need breakdown and formula to answer

Company ABC's earnings and dividends will grow at 0.5% monthly during the next five years. Its growth will stop after year 5. In year 6 and afterward, it will pay out all earnings as dividends. Assume next year's EPS is \$10 and the dividend is \$5 and the market capitalization rate is 9%. What is ABC's stock price?

### Determining the Price of O' Meara's Noncallable Bonds

O' Meara Inc., plans to issue \$6 million of perpetual bonds. The face value of each bond is \$1,000 The semi-annual coupon on the bonds is 4.5% Market interest rates on one-year bonds are 8% With equal probability, the long-term market interest rate will be either 12% or 6% next year. Assume investors are risk-neutral. a. If

### Accounting

For a hospital, what type of position (line or staff) is each of the following? Emergency Room Manager Human Resources (Personnel) Manager A) Staff Staff B) Staff Line C) Line Staff D) Line Line Item A Item D Item C Item

During the month of February, direct labor cost totaled 13,000 and direct labor cost was 40% of prime cost. If total manufacturing costs during February were 90,000, the manufacturing overhead was: (a) 36,000 (b) 57,500 (c) 77,000 (d) 19,500

### Accounting - Prime Costs

Question 15: (6 points) The following costs were incurred in March: Direct materials 35,000 Direct labor 26,000 Manufacturing overhead 14,000 Selling expenses 8,000 Administrative expenses 16,000 Prime costs during the month totaled: (a) 75,000 (b) 61,000 (c) 40,000 (d) 99,000

### Accounting

The following costs were incurred in January: Direct materials 30,000 Direct labor 30,000 Manufacturing overhead 70,000 Selling expenses 20,000 Administrative expenses 25,000 Conversion costs during the month totaled: (a) 60,000 (b) 130,000 (c) 175,000 (d) 100,000

### List the elements of the Fraud Triangle and use the following case to provide examples of each element.

List the elements of the Fraud Triangle, and use this case to provide examples of each element. "Someone's Going Straight to Hell" Robert Riggio, 52, of Toms River, New Jersey, spent most of his life as a con man, ripping off gullible people for small sums of money here and there. But this time, he may have ripped off the

### Accounting

Bristow University is a large private school located in the Midwest. The university is headed by a president who has five vice presidents reporting to him. These vice presidents are responsible for, respectively, auxiliary services, admissions and records, academics, financial services (controller), and the physical plant.

### Fast Photo

Fast photo operates four films developing labs in Denver. The four labs are identical: they employ the same production technology, process the same mix of films, and buy raw materials from the same companies at the same prices. Wage rates are also the same at the four plants. In reviewing operating results for November, the newl