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# Accounting

### Calculating the Overhead and Determining the Cost of Products

See the attachments. 3-33. The following information relates to the Richard Renick Company for 2005: Units Percent Complete Units completed in 2005

### Speedy Parcel Service: high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation.

Speedy Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the company's cost analyst has determined that if a truck is driven 138,000 miles during a year, the average operating cost is 14.8 cents per mile. If a truck is driven only 92,000 miles during a year, the average operating

### 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]

### Calculate the operating margin for the medical group statement of revenues and expenses

Assess the information presented in the medical group statement of revenues and expenses and calculate the operating margin for fiscal year 2006. FINANCIAL ACCOUNTINGâ?"STATEMENT OF REVENUE AND EXPENSES Statement of Revenue and Expenses for Group Practice for Year Ending June 30, 2006 REVENUE Patient service reven

### What is the frequency distribution from the data you collected?

See attached cell data file. Using Excel, prepare a frequency distribution from the data you collected. What are the implications?

### 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

### Forensic accounting: Is there ever a time when using the minimalist reporting method is best?

Is there ever a time when using the minimalist reporting method is best?

### 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

### Salaries: Administration Admin - 60,000, admin - 35,000, Asst. - 35,000, 2 secretaries - 42,000 , supplies - 35,000, adv - 9,000, accounting - 15,000, custodial - 13,000, security-12,000, consulting-10,000.Community Metal Health Salaries: 2 social workers - 46,000, transportation-10,000.Outpatient Mental Health: psychatrist -86,000, 2 social workers - 70,000. Provide dollar amount to reduce budgets(wors/best case analysis) need to cut 94,000 in cost. Prioritize cuts that can be made without impacting the operations or quality of the organization.

Salaries: Administration Admin - 60,000, admin - 35,000, Asst. - 35,000, 2 secretaries - 42,000 , supplies - 35,000, adv - 9,000, accounting - 15,000, custodial - 13,000, security-12,000, consulting-10,000. Community Metal Health Salaries: 2 social workers - 46,000, transportation-10,000. Outpatient Mental Health: psychatr

### 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

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

### The heights of a group of professional basketball players are summarized in the frequency distribution below. Find the standard deviation. Height (in.) Frequency 70-71 3 72-73 7 74-75 16 76-77 12 78-79 10 80-81 4 82-83 1

The heights of a group of professional basketball players are summarized in the frequency distribution below. Find the standard deviation. Height (in.) Frequency 70-71 3 72-73 7 74-75

### 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

OPTION 5 JUSTIFICATION REPORT Go to the library to review at least three current business periodicals in your chosen career area. Analyze the journals for possible adoption by your current employer. Then write a justification report to your manager, stating why your office should receive the magazine (whichever you choose).

### Jones Company has the following employees on payroll: Semimonthly Withholding Marital Payroll Allowances Status Heather \$4,500 4 Married Keith \$4,800 3 Married Thad \$2,000 1 Single Abbie \$3,500 2 Single Calculate the payroll for the last pay period in April. Include in your calculations federal withholding, social security and Medicare taxes. Heather: FIT - \$548.97 Keith: FIT - \$670.49 SS- \$279.00 SS - \$297.60 Medicare - \$65.25 Medicare - \$69.60 Thad: FIT - \$264.88 Abbie: FIT - \$609.36 SS - \$124.00 SS - \$217.00 Medicare - \$29.00 Medicare - \$50.75

Please explain how you calculated the social security tax and the Medicare. I know how to get the federal but not these two. Jones Company has the following employees on payroll: Semimonthly Withholding Marital Payroll Allowances Status Heather \$4,50

### Evaluating an Economic Event or Resource in the context of an accounting standard

Evaluating an Economic Event Today's accounting professional must be able to understand and critically evaluate a variety of contexts and situations to develop the best solution to a particular circumstance. Consider your professional experience and knowledge gained from reading as you answer the following Discussion ques

### 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

### Satyam Computers Fraud: How did 13,000 ghost employees get by PricewaterhouseCoopers?

One of the more compelling financial fraud stories that unfolded in 2009 was Satyam Computers. Satyam plunged into crisis in January 2009 after its founder stated that the company's profits had been overstated by 97% and revenues by 76%. Satyam had about \$672 million of fictitious and non-existent accounts including 13,000 gho

### 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.