Share
Explore BrainMass

Accounting

Determining cash flows from operating and investing activities

ABC Corporation reported net income of $300,000 for 2011. Changes occurred in several balance sheet accounts as follows: Equipment $25,000 increase Inventories $20,000 decrease Accumulated depreciation $40,000 increase Accounts receivable $15,000 increase Note payable $30,000 increase Accounts payable $5,000 decrease

Accounting For Goodwill

Prepare the entry to record the purchse of Terrell Galleries on Graf's books Graff and Terrell agree that: 1. Land is undervalued by $50,000 2. Equipment is overvalued by $5,000 Terrell agrees to sell the gallery to Graf for $380,000 Terrell Galleries

Cash Flow Analysis

Assess the financial position of Textron in comparison to Gulfstream. The emphasis is on cash flow for this analysis. 1) Compute the return on assets, profit margin and asset utilization rate for Textron and Gulfstream. 2) Assess Textron's competitive financial position. 3) Compute the free cash flow for Textron and Gulfstre

You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign country to reduce the cost. How will you outsource? What are the key benefits to your company? What are risk factors that cause concerns?

You are the CEO of ABC Dress Shirt Corporation. Competition is reducing your market shares and, therefore, reducing your profits. One possible solution is to outsource the production to a foreign country to reduce the cost. How will you outsource? What are the key benefits to your company? What are risk factors that cause concer

Intercultural Business Communications

Providing language and cultural training for employees is big business. If you were going to write a class on how language affects intercultural business communications, what would your lesson plan look like? What would your students need to know in regard to high- and low-context language, language diversity, interaction, n

Mightly Fall Report Format

How the Mighty Fall The format for your report should be as follows: • Double spaced • One-inch margins • Title line on first page only • Proper grammar and punctuation • Proper citation, if necessary • Report length: from two to three pages, total (see below) The Assignment: Prepare a report with the

Allocation of Overhead Frazier Products Inc.

Fraser Products, Inc, which produces copy machines for wholesale distributors in the Pacific Northwest, has just completed packaging an order from Kent Company for 150 Model 14 machines. Direct materials, purchased parts, and direct labor costs for the Kent order are as follows: Cost of direct materials $17,450 Cost of

Finding the Manufacturing Overhead Applied

Big Thunder Co. incurred the following costs during April: Raw materials purchased $99,225 Direct labor ($15 per hour) 123,750 Manufacturing overhead (actual) 303,175 Selling expenses 67,050 Administrative expenses 33,075 Interest expense 11,490

Calculating the effective annual rate in the given case.

A firm sells its $1,180,000 receivables to a factor for $1,132,800. The average collection period is 1 month. What is the effective annual rate on this arrangement? (Round your intermediate calculations to 4 decimal places. Round your answer to 2 decimal places.) Effective annual rate = _______________ %

This problem is based on the 2008 annual report of Intel Corporation

Using the table below, answer the following sample problems. 1. What is the percentage of R&D relative to net revenues in 2008? 2. What is the amount by which property, plant, and equipment decreased during 2008 (from depreciation, asset sales, and similar transactions)? 3. What is the change in total liabilities from 2004

If limited liability companies (LLC) and S corporations

If limited liability companies (LLC) and S corporations are both taxed as flow-through entities for tax purposes, why might an owner prefer one form over the other for tax purposes? List the tax factors supporting the decision to operate as either an LLC or S corporation.

Managerial Accounting Standard Costs

solve this problem attached Nolan Inc. makes a product with the following standard costs: The company reported the following results concerning this product in August. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the ma

Business and Society: Eassay Questions

See the attachments. 1. The key elements of a pluralistic society are decentralization and diversity of power. Using what you know about American society, do you consider it to be a pluralistic society? Why or why not? 2. The primary argument for corporate social responsibility states that for business to have a healthy cl

Compare the multifactor productivity of the systems and assess the new system)

Question 1. A grocery chain is considering the installation of a set of four self-checkout lanes. The new self-checkout lane setup will replace two old cashier lanes that were staffed by a cashier and bagger on each lane. They work 8-hour shifts. For the new self-checkout system, one cashier staffs all four self-checkouts (an

Calculating critical paths and slack time

2) Cosider the network pictured below with task durations in days as follows: A=2, B= 6, C=5, D=2, E=6, and F=1 a) Enumerate all paths and their duration through this network b) Calculate the critical path for the network c) What is the minimum duration of the project? d) How much slack exists at each activity A-------

Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity's default taxclassification ? Are any alternative classification(s) available ? If so, (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so ?

Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity's default taxclassification ? Are any alternative classification(s) available ? If so, (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so ?

Earnings Per Share: But Why Is EPS Different if Income Is the Same?

But Why Is EPS Different if Income Is the Same? Fredrica Brown has $200.000 that she plans to invest in growth stocks. She has narâ?¢ rowed her choices to two companies in the same industry, White Inc. and Adam Inc. Each company has a documented history of growth and an established,strong position within the industry. Last

Over- and Under-Applied Overhead & Extraordinary items

(1) An insurance investigator is reconstructing the records of AXYCompany. Some data were destroyed in a fire, but the following data for the fiscal year survived (there was no over or under applied overhead): Sales $ 44,000 Purchases of direct materials 8,000 Factory overhead 13,000 Sales commissions 2,000 Direct labor

High low method corporations

Inspection costs at one of Krivanek Corporation's factories are listed below: Units Produced Inspection cost January 630 $8850 February 615

Variable and Absorption Costing (Accounting)

XYZ Company sells its razors at $8.00 per unit. The following data relates to its first year of operations. Sales 500 units Production 1,000 units Costs Variable manufacturing $ 400 Fixed manufacturing 800 Variable selling 400 Fixed selling 200 a) Prepare an income statement based on variable costing. b) Prepare

Face Value of Debt

You need to choose between the following types of issues: ? A public issue of $10 million face value of 10-year debt. The interest rate on the debt would be 8.0%, and the debt would be issued at face value. The underwriting spread would be 1.9%, and other expenses would be $83,000. ? A private placement of $1

Calculate the Proceeds from Bonds

On January 1, 2010, Taught Inc., issued a $15 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2029. Calculate the proceeds (issue price) of Taught Inc.'s, bonds on January 1, 2010, assuming t

Production Cost Per Unit using Absorption Costing

Reject Corporation reports the following information regarding its production costs. Compute its production cost per unit under absorption costing. Direct Materials............ $10 per unit Direct Labor................... $20 per unit Overhead costs for the year Variable overhead........ $10 per unit

Absorption Costing

Under absorption costing a company had the following per unit costs when 10,000 units were produced. Direct Labor ................................... $2 Direct Materials............................. 3 Variable Overhad......................... 4 Total Variable Cost ................................$9 Fixed overhead ($5