Received the following Information: Company. sells 4 different products in a mix of 9:5:4:2 respectively. The sales prices, respectively, are $13, $17, $10 and $12. Product A has variable costs of $8 and product B of $12. The contribution margin percentage for C is 40% and for D 25%. Fixed costs are $460,000. In the coming ye
Under the commercial paper article of the ucc, which of the following circumstances would prevent a promissory note from being negotiable a) an extension clause that allows the maker to elect to extend the time for payment to a date specified in the note b) an acceleration clause that allows the holder to move up the matur
The best investor of all time, Warren Buffet, talks about investing in "capital efficient" businesses. Coca Cola falls into this category since it generates great sums of cash with minimal investment in capital. It also pays dividends. The story goes Buffet purchased a "gazillion" shares of coke in the crash of '87 and despite s
Why is it important to calculate the value of the interest tax shield if a firm adjusts its debt annually to a target level?
Describe the specific actions that division managers might have taken to cause the ROI to increase in each division but decline for the corporation. Illustrate your explanation with appropriate examples.
1. Identify the features common to the gift tax formula and the estate tax formula. 2. What is the lifetime gift tax exemption in tax year 2012? What is that exemption amount in 2013? 3. What is gift tax? Identify two types of transfers (for inadequate consideration) that are specifically excluded from imposition of the gift
Golden Gate Construction Associates, a real estate developer and building contractor in San Francisco, has two sources of long-term capital: debt and equity. The cost to Golden Gate of issuing debt is the after-tax cost of the interest payments on the debt, taking into account the fact that the interest payments are tax deducti
Suburban Lifestyles, Inc. has manufactured prefabricated houses for over 20 years. The houses are constructed in sections to be assembled on customers' lots. Suburban Lifestyles expanded into the precut housing market when it acquired Fairmont Company, one of its suppliers. In this market, various types of lumber are precut into
Explain three ways a Division manager could improve the division's ROI. Use numbers to illustrate these possibilities.
Discuss what changes you would make to the tax code to simplify it; and to make it more fair to all taxpayers.
Scenario: Let's say for example, Closet, Inc. was a closely held C corporation involved in the real estate rental business in 2010. The company had $3.5 million in passive activity losses. In 2011, Closet, Inc. elected to be taxed as an S corporation, and the company sold a number of rental properties. Can Closet, Inc. c
Sarah Goldberg, the company's CEO, has been concerned about the consistent losses with their newest location and is considering elminating it. Should Big Kahuna elminate the Park Lane location? Why or why not? Answer A. The Park Lane location should be kept open because its unavoidable expenses would cause the company to e
QUESTIONS ____Which of the categories shows the largest percentage increase from the base period to 2011? ____Which of the categories shows the smallest percentage increase from the base period to 2011? ____What overall assessment can be made from the trend analysis regarding Gleason Company? ____If the current trend conti
The Elm Institute makes portable tents for hikers. Their tents have a standard materials usage of 4 yards of cloth per tent at $7.00 per yard. During the month, 2,400 yards of cloth were purchased at $7.30 per yard. Production for the month produced 550 tents and used 2,100 yards of cloth. Please compute the materials price vari
Laurie Kahala just received an opportunity to lease and install a self-photo booth at a local mall. The booth would allow people to sit down, swipe their credit cards and take a set of ten high quality photos in one sitting. The combined lease (some payable to the mall, and the rest to company that owns the photo booth) would b
Activity based costing is a method companies employ to allocate ____________ more accurately. A. direct materials B. overhead C. prime costs D. direct labor
Travis Corporation sells a product for $100 per unit. Its market share is 32 percent. The market share can be increased to 40 percent with a reduction in price to $87. The product is currently earning a profit of $23 per unit. The president of Travis Corporation feels that the company needs to maintain the same profit level per
Travis Corporation sells a product for $100 per unit. Its market share is 32 percent. The market share can be increased to 40 percent with a reduction in price to $87. The product is currently earning a profit of $23 per unit. The president of Travis Corporation feels that the company needs to maintain the same profit level per
I need some help with the following scenario: Gray Fabricating Co. and Pine Corp agreed orally that Pine would custom manufature a processor for Gray at a price of $80,000. After Pine completed the work at a cost of $60,000, Gray notified Pine that the processor was no longer needed. Pine is holding the processor and has req
Discuss how the concepts of this course can be applied to your current or future work position. - Discuss whether or not you feel adequately prepared to enter the accounting profession as a Certified Public Accountant.
Discuss how the following affects the break-even point: - Increase or decrease in unit sales price - Increase or decrease in variable cost per unit - Increase or decrease in fixed costs
1. Marcus Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $141.30 per unit. Sales Volume (units) 6,000 7,000 Cost of Sales $347,400 $405,300 Selling & Admi
Which of the following would be a consideration in planning a sample for a test of subsequent cash receipts? a) preliminary judgments about materiality levels b) The amount of bad debt write-offs in the prior year c) The size of the intercompany receivable balance d) The auditor's allowable risk of assessing control risk i
I need help developing this SLP. Also I attached the previous one just in case is need it to develop this one since it looks like it is a continuation from the previous one.
What three ratios would you use to analyze a company and why would you select those three? Please explain, use examples, and give me references for further research.
1. If Premier maintains its rule about dropping products with a mark-on below 25%, which additional products, if any, will it drop? 2. If you decide to drop additional product(s), recalculate the allocation rate for the new product mix. Keep repeating Question 1 until you reach a conclusion. What is that conclusion? Is there a
Need to examine the functions & operations of investment banks in the U.S. economy and discuss two financial services provided by investment banks. Identify two types of securities that investment bank syndicates sell high, globally. Is it beneficial to search for the best available investment bank or should a firm stay loyal
Accounting is becoming a global business language. Provide some evidence of this assertion. What are some of the implications of this trend?
1. What is meant by the net realizable value for accounts receivable? 2. What is aging of accounts receivable, and how is it used to account for uncollectible accounts? 3. How is the accounts receivable turnover computed? What information does this ratio provide? 4. Describe what is meant by the term "goodwill." 5.
I'm just looking for someone's opinion on the following question: The third and fourth year of presidential terms have higher average rates of real growth than the first and second years. Do you think this is a coincidence or is it a reflection of political reality that politicians are more concerned about re-election than ab