Share
Explore BrainMass

Accounting

Haaki Shop, Inc. traditional & contribution format income statement

Haaki Shop, Inc., is a large retailer of surfboards. The company assembled the information shown below for the quarter ended May 31: Amount Total sales revenue $ 1,364,000 Selling price per surfboard $ 440 Variable selling expense per surfboard $ 47 Variable administrative expense per surfboard $ 18

Gross Profit Margin for Products using ABC/Traditional Costing

See attached file for the table. Determine the gross profit margin for each product produced based on the data [(selling price-ABC cost per foot) x feet produced] Determine the gross profit margin for each product produced based on the traditional costing data [(selling price-traditional cost per foot) x feet produced]

Cellphone data: Is your mean increasing or decreasing?

See attached data file. Continue to collect data for five days. Is your mean increasing or decreasing? 5 days of data: 12/27/2011 10:17 PM 3475254662 11 INCOMING 12/27/2011 09:44 PM 8185194770 26 AGOURA 12/27/2011 09:17 PM 3475254662 22 INCOMING 12/27/2011 08:55 PM 3475254662 22 NWYRCYZN07 12/27/2011 06:31 P

Calculate the missing amounts for each firm.

The information presented here represents selected data from the December 31, 2010, balance sheets and income statements for the year then ended for three firms. Firm A Firm B Firm C Total assets, 12/31/10......................

Expected Cash Flows and Present Value

At the end of 2007, Richards Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in its manufacturing operations. Given the nature of Richard's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2

Fixed and Variable Costs of a Business

Assignment: Select a very simple business, one with a single product or one with approximately the same contribution margin percentage for all products. Some possibilities are: A child's lemonade stand A retail video rental store An espresso cart A retail store selling compact disks An athletic shoe store A cookie

Business Continuity

Imagine you are the Director of Internal Audit and executive management has asked you to work with the Chief Information Officer to evaluate the security over Information Technology. Write a report of no more than 700 words, outlining the components of an effective review of security and controls over IT. Distinguish between vul

Marriott Corporation split into two companies: Host Marriott

BYP11-4 Marriott Corporation split into two companies: Host Marriott Corporation and Marriott International. Host Marriott retained ownership of the corporation's vast hotel and other properties, while Marriott International, rather than owning hotels, managed them. The purpose of this split was to free Marriott International

Calculating Book Value of the Machine

Roberts Company purchased a machine in January 2003 for $200,000. When originally purchased, the machine had an estimated useful life of five years and an estimated residual value of $30,000. The company uses straight-line depreciation. It is now June 30, 2006, and the company has decided to dispose of the machine. Calcula

How does a corporation compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxable income purposes but denied for E&P? 2. Distinguish between current and accumulated earnings and profits. Why is it important to make this distinction?

1. How does a corporation compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxable income purposes but denied for E&P? 2. Distinguish between current and accumulated earnings and profits. Why is

Analyzing A Company's (Wal-Mart) Financial Report

Please assist with the following. Wal-Mart's 2011 Annual Report has to be looked at to answer question. Attempted to upload but the report is 5 MB, which is over the max limit for BrainMass. Can be accessed through this link. http://walmartstores.com/sites/annualreport/2011/

Certain amount of risk involved in doing business anywhere

There is a certain amount of risk involved in doing business anywhere, internationally. Choose a country, and discuss the following: ?What are the political, cultural, environmental, economic, and trade risks present when doing business in the country as an outsider? ?What type of business would you do there in light of the

Product expected value approach-expected utility

A new product has the following profit projections and associated probabilities: Profit Probability $150,000 0.10 $100,000 0.25 $ 50,000 0.20 $0 0.15 -$ 50,000 0.20 -$100,000 0.10 a. Use the expected value approach to decide whethe

Suppose you were appointed economic advisor to a less-developed nation in Africa. The nation seeks to encourage capital formation and wants to increase the rate of saving of its own residents and encourages foreigners to invest in their nation. What role would you assign to property taxes in this nation to achieve its objectives?

Suppose you were appointed economic advisor to a less-developed nation in Africa. The nation seeks to encourage capital formation and wants to increase the rate of saving of its own residents and encourages foreigners to invest in their nation. What role would you assign to property taxes in this nation to achieve its object

scenario based_

1.In The Performance Consultant's Field Book (p. 202) the author relates the scenario of an HR director who developed a new performance appraisal process Read the scenario. 2.Provide a one - two page analysis of what criteria is missing from the Director's proposal? What other measures would you include in order to make this

Accounting - 5 Depreciation Questions

1) In the three depreciation methods you have learned, one is unique: - What is the name of this depreciation method? - What do you do with the Salvage Value at the beginning? - What do you with the Salvage Value at the end? 2) What are the two items on the Assets side of the Balance Sheet under "Plant and Equipment" t

Flat Income Tax vs Progressive tax system

Explain what a Flat Income Tax System is and how it differs from progressive tax system?.What are advantages and disadvantages of a Flat Income Tax? Do you think that a flat Income Tax would be beneficial for the US? Support your conclusions by explaning why you think it would be beneficial or not.

Corporate Options versus Unincorporated Companies

1. What are the tax year options available to a corporation? What about unincorporated companies? Is there a difference and, if so, why? What factors should be considered in electing the tax year? 2. What methods of accounting are available to a small business and to a large business? If the business decides to make an accou