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# Accounting

### Jefferson Company reported $4,000,000 of sales during the month and incurred variable expenses totaling $2,800,000 and fixed expenses totaling $720,000. A total of 80,000 units were produced and sold last month. The company has no beginning or ending inventories. What is the company's total contribution margin and contribution margin per unit? How many units would the company have to sell to achieve a desired target profit of $600,000? What is the company's break-even point in sales dollars? What is the company's margin of safety? What is the company's degree of operating leverage?

Jefferson Company reported $4,000,000 of sales during the month and incurred variable expenses totaling $2,800,000 and fixed expenses totaling $720,000. A total of 80,000 units were produced and sold last month. The company has no beginning or ending inventories. What is the company's total contribution margin and contributio

### Glen recently graduated with and MBA, passed the CMA exam

1. Glen recently graduated with and MBA, passed the CMA exam and received a CMA certificate, and took a job with a large corporation as a cost analyst reporting to the manager of a production line. Glen submitted his first overhead budget, and his manager has asked him to revise his estimated factory overhead rate by increasing

### Overhead Variances Assignment

1. Crystal Glassware Company has the following standards and flexible budget data. Standard variable overhead rate................. $6.00 per direct labor hour Standard quantity of direct labor................2 hours per unit of output Budgeted fixed overhead........................$100,000 Budgeted output...................

### Tax strategies for individual investments and planning

1. Generally, tax strategies operate in two time frames - now and later. " Now" refers to the twelve months of the current tax year. "Later" refers to the long-range tax strategies that benefit taxpayer future. This includes maximizing the tax-deferred savings offered by a qualified retirement plan, such as a 401(k). One strat

### Key Statistics on Pfizer

Please help with the following problem regarding key statistics on Pfizer. Provide at least 300 words in your answer. Pfizer's book value per share is $11.71 but it's trading at almost twice that amount. Why are they different? See the following link before answering the question. http://finance.yahoo.com/q/ks?s=PFE+Key

### Using the DuPont Model to Compute ROI

Please help answer the following problems. Using the DuPont model, perform ROI analysis for the following: a. Firm D has net income of $83,700, sales of $2,790,000, and average total assets of $1,395,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $150,000, sales of $2,500,000, and ROI

### Principles for Recognizing Unusual and Suspicious Transactions

KYC procedures are the underlying principles for recognizing unusual and suspicious transactions or instructions. These transactions or instructions would be inconsistent with a normal customer's transactions or attitudes. Describe what constitutes "suspicious activity" for a bank customer and a corporate customer. Describ

### Find the correlation coefficient between X and Y. Is there a weak or strong, positive or negative linear correlation?

Find the correlation coefficient between X and Y. Is there a weak or strong, positive or negative linear correlation between X and Y? x -5 -3 4 1 -1 -2 0 2 3 -4 y =10 =8 9 1 =2 =6 =1 3 6 =8 Show all work.

### Find the equation of the regression line for the given data. Predict the value of Y when X = -2 or when X = 4.

Find the equation of the regression line for the given data. Predict the value of Y when X=-2? Predict the value of Y when X = 4? x -5 -3 4 1 -1 -2 0 2 3 -4 y =10 =8 9 1 =2 =6 =1 3 6 =8 Show all work.

### Fixed and variable costs with the Scattergraph method

Month Machine Hours Utility Cost Jan 200 $300 Feb 325 440 March 400 480 April 410

### Performance Report

Banner Inc.bases its variable overhead performance report on the actual direct labor hours of the period. Data concerning the most recent year that ended on Dec. 31 are as follows: Budgeted direct labor hours 12,000 Actual direct labor hours 13,500 Standard direct laabor hou

### Determining the amount of material needed

Sally Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Finished goods - 20,000 units at the beginning of the period and 70,000 units at the end. Raw Materials - 50,000 grams at the beginning of the period and 40,000 grams at the end

### Bo Company makes collections on sales according

3. Bo Company makes collections on sales according to the following schedule: 30% in the month of sale 60% in the month following sale 8% in the second month following sale The following sales are expected: $100,000 in January, $120,000 in February, and $110,000 in March. Cash collections in March should be budge

### Amount of overhead cost & ABC

2. Winston Corporation's activity-based costing system has three activity cost pools-Fabricating, Setting Up, and Other. Costs in the Fabricating cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost p

### gross profit method for Astaire Company

(Gross Profit Method) Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Inventory, May 1 $203,200 Purchases (gross) 812,800 Freight-in 38,100 Sales 1,270,000 Sales returns 88,900 Purchase discounts 15,240

### A stock sells for $60. The next dividend will be $3 per share. Calculate the discount rate.

A stock sells for $60. The next dividend will be $3 per share. If the rate of return earned on reinvested funds is a constant 10% and the company reinvests 40% of earnings in the firm, what must be the discount rate? (Do not round intermediate calculations.) What is current discount rate= ______%

### Integrated Potato Chips problem#31 what payments will you receive?

Integrated Potato Chips paid a $1.70 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 5% per year. a. What is the expected dividend in each of the next 3 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Expected Dividend Year 1

### Problem 6-28 Nicole's Toy Manufacturing Company for 2004

Problem 6-28 The following information is available for Nicole's Toy Manufacturing Company for 2004: Percent Percent Amount

### Calculate bond prices at 4, 8 and 30 years

Consider three bonds with 6.5% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has maturity 30 years. a. What will be the price of each bond if their yields increase to 7.5%? (Do not round intermediate calculations

### You mentioned that the FASB is trying to transition to one

You mentioned that the FASB is trying to transition to one set of international financial standards. Do you believe it is possible to have on set of standards? What challenges do you see? What are some examples of non-authoritative sources?

### Greenville Products Inc: Prepare a schedule of Costs of Good

Your schedule and statement must be in proper form - this means they should look like they would in an annual report - and not in a spread sheet or a work sheet. Individual overheads should be listed rather than just a total being given. Greenville Products Inc. is a manufacturing firm. The company's inventory balances were

### The advantages and disadvantages of harmonizing accounting standards were summarized in this weeks readings. Expand on these advantages and disadvantages (Hint: You may wish to consult John N. Turner, "International Harmonization: A Professional Goal," Journal of Accountancy (January 1983): 58-59 and Richard Goeltz, "International Accounting Harmonization: The impossible (and Unnecessary?) Dream," Accounting Horizons (March 1991), 85-88)

Briefly explain: The advantages and disadvantages of harmonizing accounting standards were summarized in this weeks readings. Expand on these advantages and disadvantages (Hint: You may wish to consult John N. Turner, "International Harmonization: A Professional Goal," Journal of Accountancy (January 1983): 58-59 and Richa

### TaxatiClifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2009, his share of the loss from the limited partnership was $12,000, and his loss from the rental condo was $16,000. Assuming Clifford's modified adjusted gross income is $120,000 for 2009, complete Form 8582.

Where to start with this problem: Once I know what information to look for or where to go, I can figure it out. Here is the problem: Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2009, his share of the loss from the limited partnersh

### The importance of setting up and solving equations

What is the importance of setting up and solving equations and inequalities? How can equations and inequalities help a business maximize profits?

### FASB

Briefly discribe the following The FASB ASC is now the sole authoritative source of all U.S. GAAP. a. What are the major goals of the FASB ASC? b. How is the FASB ASC expected to improve the practice of accounting? c. What literature is now contained in the FASB ASC? d. What should an accountant do if the guidance for

### In the flow of funds in U.S. economy, households are the main source of funds. Explain the process through which household funds are recycled.

Question 1 In the flow of funds in the U.S. economy, households are the main source of funds. Explain the process through which household funds are recycled. What is the benefit of this process?

### Key rate duration of portfolio

1a- A bond portfolio consists of the following debt securities: Bond 1: 3-year, zero-coupon note; $1,200,000 holdings Bond 2: 7-year, zero-coupon note; $1,500,000 holdings Bond 3: 10-year, zero-coupon note; $1,650,000 holdings Bond 4: 25-year, zero-coupon bond; $1,000,000 holdings The key rate duration of the portfolio is

### Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent and other fixed expenses are $1,750 per month. Hair shampoo used on all clients is .40 per client. Assume that the only service performed is the giving of haircuts (including shampoo), the unit price of which is $12. Andre has asked you to find the following information. Find the contribution margin per haircut. Assume that the barbers' compensation is a fixed cost. Show calculations to support your answer. Determine the annual break-even point, in number of haircuts. Support your answer with an appropriate explanation. Show calculations to support your answer. What will be the operating income if 20,000 haircuts are performed? Show calculations to support your answer. Suppose Andre revises the compensation method. The barbers will receive $4 per hour plus $6 for each haircut. What is the new contribution margin per haircut? What is the annual break-even point (in number of haircuts)? Show calculations to support your answer

Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent and other fixed expenses are $1,750 per month. Hair shampoo used on all