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Accounting

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

Bonds and accrued interest and cash received

Feller Company issues 20,000,000 of 10 year, 9% bonds on March 1, 2010 at 97 plus accrued interest. The bonds are dated January 1, 2010, and pay interest on June 30 and December 31. What is the total cash received on the issue date? a) 19,400,000 b) 20,450,000 c) 19, 700,000 d) 19, 100,000

Premium expense and estimated liability

Edwards Co. includes one coupon in each bag of dog food it sells. In return for four coupons, customers receive a dog toy that the company purchases for 1.20 each. Edward's experience indicates that 60% of the coupons will be redeemed. During 2010, 100,000 bags of dog food were sold, 12,000 toys were purchased, and 40,000 coupon

Yummy Candy Company: Accounting for coupons

Yummy Candy Company offers a CD single as a premium for every five candy bar wrappers presented by customers together with $3.15. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each CD to the company is $2.90; in addition it costs 50 cents to mail each CD. The results of the premi

Big Businesses Going Green

Critics say that corporations (like Wal-Mart for example), which have vowed to reduce its greenhouse emissions from the products it sells to the trucks that deliver them, may have a variety of reasons to help the environment. However, there are a number of questions which require serious consideration before a corporation goes

Determine Ship Methods from Ratios

Many firms recognize revenus at the point of shipment. This provides an incentive to accelerate revenues by shipping goods at the end of the quarter. Consider two companies, one of which ships its product evenly throughout the quarter, and the second which ships all its products in the last two weeks of the quater. Each company'

eggs perfectly inelastic

Generally, there will be many responses indicating that eggs do not have substitutes and that the price of eggs are not generally an issue for many consumers. Would anyone say that in this case the demand for eggs is perfectly inelastic? What is the definition of perfectly inelastic? Are there any products or services wh

Addressing Egg and Beef Elasticity Question

What do you think will happen if the price of a dozen eggs (say a generic egg) and the price of a pound of beef (ground beef) increased by 20%? What do you think the consumer's response would be? Consider and discuss the substitutes that are available for each (are the substitutes for each similarly priced)?

unearned revenue, discount and premium rates, payroll taxes

1. What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements? Provide a specific example. 2. Why do companies issue bonds? Would you rather buy a bond at a discount or a premium rate? Explain why. What is the determining