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    Accounting

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    A debit entry to an account will:

    A. Always decrease the account balance. B. Always increase the account balance. C. Increase the balance of a revenue account. D. Increase the balance of an expense account.

    1. Prepare Jones' Department A Cost of Production Report for October 2. Determine (a) the estimated sales in units of the overall product necessary to reach the breakeven point for the coming year, (b) the estimated number of units of each product necessary to be sold to reach the breakeven point for the coming year, and (c) the estimated sales in units of the overall product necessary to realize an operating income of $119,600 for the coming year.

    1. Jones Co. manufactures a product called Zenns in a three-process series. All materials are introduced at the beginning of the first process. Jones uses the first-in, first-out method of inventory costing. Unit and cost data for the first process (Department A) for the month of October 2003 follow: Units Completion Cost Work

    Equipment Production Cost Comparison

    I want to compare 2 pieces of equipment to determine when the sales level, in units, and the cost will be the same for both pieces of equipment. I know the capacity related costs, flexible costs per unit and the sales price per unit for each piece of equipment. How do you determine when the cost will be the same?

    Payroll, FICA tax, Gross pay

    Other accrued liabilities-payroll. The following summary data for the payroll period ended on November 14, 2003, are available for Brac Construction, Ltd.: Gross pay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ? FICA tax withholdings . . . . . . . . . . . . . . . . . . . . . . ? Income tax withh

    Determine the Contribution Margin, Annual Break-even Point & Operating Income

    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. Assume that the only ser

    Accounting questions - Matching Review

    Please assist me with these questions (also attached): MATCHING Instructions: Designate the terminology that best represents the definition or statement given below by placing the identifying letter(s)in the space provided. No letter should be used more than once. A. Additions and improvements AA. Internal control B. A

    Overhead Cost / Variance Questions

    Please assist me with these questions ... Thank you! See attached excel file. 11. In the direct labor variance matrix, there are three factors: (1) Actual hours à? Actual rate, (2) Actual hours à? Standard rate, and (3) Standard hours à? Standard rate. Using the numbers, indicate the formulas for each of the direct l

    mean family income in a rural area of central Florida.

    You are to conduct a sample survey to determine the mean family income in a rural area of central Florida. The question is, how many families should be sampled? In a pilot sample of 10 families, the standard deviation of the sample was $500. The sponsor of the survey wants you to use the 95 percent confidence level. The estimate

    Accounting questions

    Please help with answering multiple choice in the attached doc. 42. Under the corporate form of business organization a. a stockholder is personally liable for the debts of the corporation. b. stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation. c. t

    Accounting Problems for Dwyer Corporation Issues

    Ex. 160 Dwyer Corporation issues a $500,000, 12%, 20-year mortgage note payable on December 31, 2003, to obtain needed financing for the construction of a building addition. The terms provide for semiannual installment payments of $33,231 on June 30 and December 31. Instructions (a) Prepare the journal entries to record the

    Corporations

    Would you rather receive a cash or stock dividend? Why? What are the criteria for using the cost, equity, or consolidated method of accounting?

    Accounting problems

    E2-17 Instructions: a) Fill in the missing amounts b) Journalize the February paroll and the payment of the payroll. Please see attached.

    Overhead rate-activity based costing

    I need help verifying and completing this problem. Please see attached worksheet. Thank you!!! Instructions a. Determine the overhead rate for each activity. b. Assign the manufacturing overhead costs for April to the two products using activity-based costing. c. Write a memorandum to the president of Fribourg Instrument

    Manufacturing Overhead

    E2-5 Ramirez Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $275,000 for the year, and machine usage is estimated at 125,000 hours. In January, $26,000 of overhead costs are incurred and 12,000 machine hours are used. For the remainder of the year, $274

    Free Cash Flow

    Suppose a company's most recent free cash flow (i.e., yesterday's free cash flow) was $100 million and is expected to grow at a constant rate of 5 percent. If the company's weighted average cost of capital is 15 percent, what is the current value of operations? a. $ 913 million b. $1,000 million c. $1,050 million d. $1,5

    Using the constant growth model what is the price

    Suppose the expected Dl is $2, the growth rate is 5 percent and Rs is 10%. Using the constant growth model what is the price? What is the impact on stock price if g is 4% or 6%? If Rs is 9 or 11% If a stock pays an annual dividend of $5 and the issue price was $50 per share. What is the expected rate of return to an investo

    Management Accounting : key information

    Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into the foreseeable future, but increasing demand for services. In order to plan for reduced budgets, she must first identify where costs can be cut or redu

    Effect of Stock Repurchase with Debt on EPS

    Popeye's is currently unlevered with 2,000 shares outstanding and assets valued at $50,000. The company expects operating income in the current period to be $6,000. Suppose that the company can exchange 400 shares of stock for $10,000 in debt paying 10% interest. From the standpoint of EPS, how would the exchange be wise, assumi

    Accounting: Admitting New Partner Who Contributes Assets

    See attached "Word" file. Please do exercise in "Excel" file. Explain each step in simpliest form. Thank you. After the tangible assets have been adjusted to current market prices, the capital accounts of Cecil Jacobs and Maria Estaban have balances of $61,000 and $59,000 respectively. Lee White is to be admitted to the p

    Journal Entries for Inclusion of a New Partner

    The capital accounts of Susan Yu and Ben Hardy have balances of $100,000 and $90,000 respectively. Ken Mahl and Jeff Wood are to be admitted to the partnership. Mahl buys one-fourth of Yu's interest for $27,500 and one-firth of Hardy's interest for $20,000. Wood contributes $35,000 cash to the partnership, for which he is to rec

    Par Value Bonds

    A company issued 10%, 8-year, $2,000,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2002, and are issued on that date. The discount rate of interest for such bonds on April 1, 2002 is 12%. What cash proceeds did the company receive from issuance of the bonds?

    Accounting for Decision Making: CVP Graph

    E5-4 Ewing Company estimates that variable costs will be 50% of sales, and fixed costs will total $800,000. The selling price of the product is $4. Instructions a. Prepare a CVP graph, assuming maximum sales of $3,200,000. (Note: Use $400,000 increments for sales and costs and 100,000 increments for units.) b. Compute the

    Various questions on Differential Analysis

    Exercise 12-1 Miller Construction Company is considering selling excess machinery with a book value of $250,000 (original cost of $375,000 less accumulated depreciation of... a) Prepare a differential analysis report, dated January 3, 2006, for the lease or sell decision. Please see attached.

    Cost Structure

    Case study: The "baby bust" of the 1960s and early 1970s resulted in the number of college-age 18 - and 19 year-olds contracting sharply from 1980 to 1993. The number of graduating high school seniors peaked in 1979 and declined to a low of 6.9 million in 1992, a drop of nearly 40%. Throughout the eighties, tuition at priv

    Marginal Costing

    Sold to wholesalers for $80 per pair. Because of availability capacity, no additional fixed charges will be incurred to produce the skis. A $100,000 fixed charge will be absorbed by the skis, however, to allocate a fair share of the company's present fixed costs to the new product. Using the estimated sales and production of