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    Accounting/Recivables investment

    McDowell industries sells on terms of 3/10, net 30. Total sales for the year are $912,500. Forty percent of the customers pay on the 10th day and take discounts; the other 60 percent pay, on average, 40 day days after their purchases. a. What is the days sales outstanding? B. What is the average amount of receivabls?

    Managerial Accounting Questions

    1. The cost of a single unit of production in excess of the breakeven point in units is: A) its fixed cost and variable cost. B) its fixed cost only. C) its variable cost only. D) none of the above. 2. What percentage of the contribution margin is profit on units sold in excess of the breakeven point? A) It's

    Corporation projections: Calculate current price of the stocks

    You have been given the following projections for Cali Corporation for the coming year. Sales = 10,000 units Sales price per unit = $10 Variable cost per unit = $5 Fixed costs = $10,000 Bonds outstanding = $15,000 rd on outstanding bonds = 8% Tax rate = 40% Shares of common stock outstanding = 10,000 shares B

    Motor Homes Inc: Calculate what should be the current price of the stock.

    Motor Homes Inc. (MHI) is presently in a stage of abnormally high growth because of a surge in the demand for motor homes. The company expects earnings and dividends to grow at a rate of 20 percent for the next 4 years, after which time there will be no growth (g = 0) in earnings and dividends. The company's last dividend wa

    Questions

    An asset was purchased three years ago for $140,000. It falls into the five-year category for MACRS depreciation. The firm is in a 35 percent tax bracket. Compute the: a. Tax loss on the sale and the related tax benefit if the asset is sold now for $15,320. b. Gain and related tax on the sale if the asset is sold now for $

    E3-8 Polishing Department of Dimetry: Compute equivalent units of production

    The Polishing Department of Dimetry Manufacturing Company has the following production and manufacturing cost data for October. Materials are entered at the beginning of the process. Production: Beginning inventory 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during

    Rodriquez Company Manufacturing overhead rates, under and over applied

    Rodriquez Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $300,000 for the year, and machine usage is estimated at 125,000 hours. For the year, $322,000 of overhead costs are incurred and 130,000 hours are used. Instructions: (a) Compute the manufactu

    Moving from a batch process to a line process

    Suppose that a firm is considering moving from a batch process to a line process to better meet evolving market needs. What concerns might the following functions have about this proposed change?

    Money, Inc: EPS, EBIT, Taxes, and Leverage

    Money, Inc., has no debt outstanding and a total market value of $148,000. Earnings before interest and taxes, EBIT, are projected to be $13,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 30 percent higher. If there is a recession, then EBIT will be 59 percent lower. Money i

    Determining the Fixed and Mixed Portion of Costs

    I have been studying the 'fixed' costs. I have learned that a number of 'fixed' costs are actually mixed costs (variable and fixed). However, I am still having trouble with answering the following question: Explain how you can determine the fixed and mixed portion of each cost (such as utility costs, maintenance costs) and why i

    Manufacturing overhead

    E2-4 Manufacturing cost data for Copa Company, which uses a job order cost system, are presented below. Case A Case B Case C Direct materials used $ (a) $ 83,000 $ 63,150 Direct labor 50,000 100,000 (h) Manufacturing overhead applied 42,500 (d) (i) Total manufacturing costs 165,650 (e)

    Additional funds needed

    Balance Sheet as of 12-31-2004 (Thousands of Dollars) Assets Cash $ 1,080 Receivables 6,480 Inventories 9,000 Total current assets $ 16,560 Net fixed assets 12,600 Total assets $29,160 Liabilit

    Price Analysis: Joe wants to buy a DVD player

    Joe's search costs are $7 per search. He wants to buy a DVD player for his wife for Christmas, and the lowest price he's found so far is $200. Joe thinks one-third of the stores charge $300 for a DVD player, one-third charge $200, and one-third charge $185. Should Joe continue to search or buy a DVD player at a price of $200?

    What is the manufacturing overhead for Copa Company?

    E2-4 Manufacturing cost data for Copa Company, which uses a job order cost system, are presented below. Case A Case B Case C Direct materials used $ (a) $ 83,000 $ 63,150 Direct labor 50,000 100,000 (h) Manufacturing overhead applied 42,500 (d) (i) Total manufacturing costs 165,650 (e)

    Store's after-tax salvage value

    Bruener Retail Bruener Retail is considering opening a new store. In evaluating the proposed project the company's CFO has collected the following information: · It will cost $10 million to construct the new store. These costs will be incurred at t = 0. These costs will be depreciated on a straight-line basis over the next

    Brandie's Cook founded Brandie's Micro-Batch Frozen Yogurt Company

    I need help with this problem so can you please show me how to do it?Is there any formulas that I need to use and what are they? So here is the question to the problem if inventories are expected to turn over ten times a year(based on cost of goods sold) what will be the venture's average inventories balance next year if sales

    Accounting Concepts

    1. Notes or accounts receivables that result from sales transactions are often called a Sales receivables. b Non-trade receivables. c Trade receivables. d Merchandise receivables. 2. Which one of the following is not a primary problem associated with accounts receivable? a Depreciating accounts receivable b

    Basic Accounting Concepts - True/False

    True False 1 Under the direct write-off method, no attempt is made to match bad debts expense to sales revenues in the same accounting period. 2 Restricted retained earnings are available for preferred stock dividends but unavailable for common stock dividends. 3 The statement of cash flows is a required stateme

    Financial management

    A) 1-Determine the year-to-year percentage annual growth in total net sales 2-Do you think the company will hit its sales goal of plus 10 percent annual revenue growth in 2005?Determine the target revenue figure,and explain why you do or do not feel that the company can hit this target . Fiscal years 2004 2003

    Accounting Question

    I have a practive problem that I need to do. If I see how it's done correctly I will be able to do it on the test (my professor is absolutly no help). As the instructions says: "Prepare a statement of cash flows for Ernest Banks Company for the year ended December 31, 2005, using the indirect method."

    What a stock is worth in two years with a certain dividend

    Assume that you plan to buy a share of XYZ stock today and to hold it for two years. Your expectations are that you will not receive at the end of year 1, but will receive a dividend of $9.25 at the end of year 2. In addition, you expect to sell the stock for $150 at the end of year 2. If your expected rate of return is 16 perce