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    Assets required to start an auto parts store

    In the spotlight about FedEx Corporation, you get a feel for the amount of investment in assets and the resulting liabilities that are required to operate a competitive corporation. Even small businesses require plant, property and equipment to compete and normally rely on some form of debt to finance itself. Let's start up a co

    Accounting Journal Entries

    On January 1, Flory Company issued $300,000, 8%, 5-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Prepare journal entries to record the following events. The issuance of the bonds. Date Account/Description Debit Credit Jan. 1 The payment of interest on July 1, assuming no previ

    Snazzy Jeans, Inc. manufactures designer jeans

    Snazzy Jeans, Inc. manufactures designer jeans. The company uses standard costing and has developed the following information about standards for its product. Materials: 2 yards per unit; $10 per yard Labor: 0.25 DL hour per unit; $11 per hour During October, the company experienced an unanticipated spike in demand and

    Liquidity Growth and Income Statements

    1) Construct the Current Assets section of the Balance Sheet from the following: Sales (Credit) 1,250,000 Gross Profit ( 15% of Sales ) Inventory Turnover 20x Current Liabilities 225,000 Working Capital -75,000 Average Collection Period 27 days 2) Give

    Computing EPS Balance Sheets

    The Shareholders' Equity section of Holiday Roads Company's balance sheet shows: 31/12/2010 31/12/2011 Preferred dividend, $200 par value, 5% dividend, 20,000 shares issued and outstanding $4,000,000 $4,000,000 Common stock,

    Recording Cash and Stock Dividends

    The stockholders' equity section of Warm Ways Inc's balance sheet at January 1, 2011, shows: Preferred dividend, $100 par value, 10% dividend, 50,000 shares issued and outstanding $5,000,000 Common stock, $6 par value, 1 million shares issued and outstanding

    Cash estimations for a capital expenditure analysis

    Determine (quantify) how much, if any, costs should be included in cash estimations for a capital expenditure analysis for the following situations. Explain your answers. EACH SITUATION IS INDEPENDENT OF THE OTHERS. If you can, use Excel spreadsheet to show the formula. Problem 1: Keystone Cops, a consulting firm, is assis

    Net Income, Cash Flow, and EVA

    Last year Cole Furnances had $5 million in operating income (EBIT). The company had a net depreciation expense of $1 million and an interest expense of $1 million; its corporate tax rate was 40%. The company has $14 million in operating current assets and $4 million in operating current liabilites; it has $15 million in net plan

    What is the Company's Net Income?

    Please address the problem in step by step process showing how you formulated the answer. Question: The Moore Corporation has operating income (EBIT) of $750.000. The company's depreciation expense is $200.000. Moore is 100% equity financed, and it faces a 40% tax rate. What is the company's net income? What is its net cas

    This post discusses the magic of pull and WIP.

    Is the magic of pull simply that is limits the amount of WIP in the system during a disturbance or are there other things that make this system of control particularly good in certain situations?

    Basic accounting and financial statements

    I tend to agree that all the qualities are important, because there are so many different audiences that use the information. Management uses accounting information to run the business (and be sure they get bonuses based on profitability ) stockholders use it to be sure they continue to have a sound investment, a banker may use

    Pension, Compensation & Income Tax Practice Test 17

    Begal Corporation paid $20,000 in January of 2011 for premiums on a two-year life insurance policy which names the company as the beneficiary. Please see attachment for questions. Pension, Compensation & Income Tax Practice Test 17 Posting presents Analysis of tax and pension issues for: Begal Corporation Dodger Corporat

    Basic and Dulited EPS

    Mooretown incorporated has 1,7500,000 shares of common stock outstanding on Dec 31, 2014. An additional 125,000 shares of common stock were issued on Feb 1, 2015 and also on May 1, 2015. Oct 1, 2015 Mooretown issued 3,000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 50 shares of common stock in 2015.

    financial ratios for PepsiCo and Coca-Cola

    The following information was summarized from the 2006 annual report of the Coca-Cola Company: (in millions) ____________________________________________________________________________ Trade accounts receivable, less allowances of $63 and $72, respectively December 31, 2006 $2,587 December 31, 2005

    Calculating minimum unit selling

    North by Northwest Products makes a number of outdoor products. One of their most popular products, a cold weather sleeping bag, has the following unit information: Direct Materials Thermal filling 10 pounds @ $5.00 per pound Fabric 4 yards @ $3 per yard Direct Labor 2 hours @ $15.00 per hour Variable Overhead $5 per

    The Big Wheeled Bike Company manufactures exercise bicycles

    The Big Wheeled Bike Company manufactures exercise bicycles. The company was formed five years ago and has experienced a 50% annual growth rate. The company is organized by function, with vice presidents for manufacturing, marketing, finance, accounting, and general administration. The firm operates a small mainframe computer, w

    This post addresses the total charge against income/patent.

    On January 2, 2008, Lava, Inc., purchased a patent for a new consumer product for $90,000. At the time of purchase, the patent was valid for 15 years; however, its useful life was estimated to be only 10 years due to the product's competitive nature. On December 31, 2011, the product was permanently withdrawn from sale under gov

    Activity-Based Costing (ABC) and traditional two-stage method

    Explain the activity-based costing (ABC) and traditional two-stage method for cost allocation for overhead. Why would a firm use activity-based costing (ABC) rather than traditional two-stage methods of cost allocation for overhead? Of the two methods, which one would you think be more costly to maintain?

    Fixed assets and depreciation

    What is the purpose of depreciation? Does the book value of a fixed asset, cost minus accumulated depreciation, communicate to a user what the asset is worth? Should the financial statements reflect the value of fixed assets? What are the different methods used to calculate depreciation? How does a company decide which metho

    Shaun Olmstead et al. v. Federal Trade Commission

    One unique type is the limited liability company (LLC). Perform some research in the University Library and find an article describing an LLC. Post the article name and the database in which you found it. What did you learned about LLCs from the article? Article is attached.

    Contribution Margin Income Statement: Example Problem

    Need help to properly format a contribution margin income statement. Ekland Division Contribution Margin Income Statement For the Quarter Ending March 31, 2011 Sales (25,000 units x $100) 2,500,000 Variable manufacturing expenses 1,562,000 Gross Contribution Margin 938,000 Less Variabl

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