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Accounting

Determine the cost driver rate

Use the information below to answer the following question(s). Apple Valley Corporation uses a job order cost system and has two production departments, A and B. Budgeted manufacturing costs for the year are: Department A Department B Direct materials $700,000

Mason Engineering Company Equipment Purchase

On October 10, 2005, Mason Engineering Company completed negotiations on a contract for the purchase of new equipment. Under the terms of the agreement, the equipment may be purchased now or Mason may wait until January 10, 2006, to make the purchase. The cost of the equipment is $400,000. It will be financed by a note bearing i

Review the Comprehensive Annual Financial Report

Review the Comprehensive Annual Financial Report (CAFR) from http://www.ofm.wa.gov/accounting/financial.asp 1. How many capital projects funds does the government maintain? How can you tell? Are any of these major funds? If so, for what purposes are they maintained? 2. How many debt service funds does the government

Prepare pseudocode for programmer using accountant's instruction for sale data

Accountants understand their jobs very well. Programmers also understand their jobs. Unfortunately, accountants are rarely programmers and programmers are rarely accountants. Although an accountant does not need to program, the accountant must be able to communicate his requirement to the programmer, an individual who may not un

Green Initiatives Implemented Sustainability

Evaluate a business that has not implemented a sustainability plan or is currently working toward one. Must determine what initiatives the company has implemented, what driving forces initiated the transformation, and what the benefits have been or might be if the company has not started the plan. The assignment will help me gai

Calculate the bid on a Special Order using two methods

Lyan needs the custom-designed equipment to increase its bottle-making capacity so that it will not have to buy bottles from an outsider supplier. Lyan company Requires 5,000,000 bottles annually. Its prsent equipment has a maximum capacity of 4,500,000 bottles with a directly traceable cash outlay cost of 18 cents

Lopez Plastics: Determine costs as Direct, Indirect, or Unallocated Costs

Refer to the Lopez Plastics Company example on pages 152-155 and to Exhibit 4-7. The following list gives various resources used by Lopez Plastics Company. Use the letters D, I, and U to indicate how the cost of each resource cost would be classified; D = direct, I = indirect, and U = unallocated. 1. Salary of plant manager

Requires Investing Projects

Southeastern Specialty, Inc. (SSI)â?"Financial Risk State of the Economy Probability 1-Year T-Bill Project A Project B S&P Fund Equity in SSI Poor 0.10 7.0% -8.0% 18.0% -15.0% 0.0% Below Average 0.20 7.0% 2.0%

New Hope's Tax Liability and Marginal Tax Rates

Problem 1 New Hope Managed Care Inc., is a for-profit managed care company that serves the southwest United States. Last year, it reported $1,200,000 in income from operations, $250,000 in interest income from bonds it bought in the previous year, and $60,000 in dividend income from shares in a large drug company. New Hope al

Budgeting Functional Plans

Tom is establishing some basic plans for his business. He is in the process of writing down some basic questions that he believes the plans should answer. Which of the following questions does not relate to establishing a functional plan? A. What skills do they need? B. When will it be accomplished? C. Where do I want my

Sustainability Plan

Can you please assist me in 700 to 1,00 words with the following study question: Identifying Sustainability Plan Effect Princeton University has hired you as a consultant to help put a sustainability plan into effect that focuses on greenhouse gas. â?¢ Resource: http://www.princeton.edu/main/about/ â?¢ identifying po

Tax for Partnership Expenses

1. Taylor Tamblyn is a partner in three partnerships. Earlier in the year, Taylor received her Schedule K-Is from her partnerships and discovered that she had been allocated amounts under Code sec.179 of $100,000, $104,000 and $72,000 respectively. Taylor is familiar with Code sec.179 and knows that she will not be able to deduc

Government Maintained Capital Projects Funds

I need help answering the following questions Question 1 How many capital projects funds does the government maintain? How can you tell? Are any of these major funds? If so, for what purposes are they maintained? Question 2 How many debt service funds does the government maintain? How can you t

Business Question Regarding Investments

1. A hospital has been consistently performing below its peer group as far as total margin. What are some of the reasons behind that and what corrective action can management take to ensure performance within industry norms? 2. Two investment projects which are mutually exclusive both require a 10,000,000 investment. Projecte

Marner Mfg. Ltd Budgeting: Maximum Amount for Modifications

Marner Mfg. Ltd is looking at modifying one of their key products that currently sells for $255 each and has total costs of $204 each. Sales of this product have begun to decline and Marner needs to do something to boost sales and continue to compete effectively in the market. There are four (4) possible modifications that may b

It is my belief that pharmaceutical companies are not justified in charging such high prices for certain medications. There should be a form of leniency in a pharmaceutical companies pricing strategy. Consequently, these companies are taking advantage of the general population that requires medications due to adverse circumstances. Many patients are barely making ends meet and are forced with the decision of what is more important "food" or "prescription drugs?" It appears that in today's society, good health has been issued a very expensive price tag. I often witness patients with severe medical conditions, needing a plethora of medications, and are unable to purchase those medications due to the astronomical charges associated with purchasing the medicines they need. Prescription drug costs tend to vary according to the prescription drug coverage applied or lack thereof, prices ranging from $50-$150 with insurance and $200-$500 without insurance. Should patients suffer the consequences of the pharmaceutical companies integrated high-overhead cost? Or should patients' preventative measures of survival be predicated upon their ability to pay for a corporate executives' salary? Nevertheless a patient's journey of survival is continuous.

Pharmaceutical companies' social responsibilities that may differ from other companies include assisting the public with medicinal needs. These organizations have an obligation to improve medical conditions by introducing new medication to patients globally; build awareness of disease prevention, diagnosis, treatments available

Calculating a Minimum Bid

Bair Company is a manufacturer of standard and custom-designed bottling equipment. Early in December 20x0 Lyan Company asked Bair to quote a price for a custom-designed bottling machine to be delivered in April. Lyan intends to make a decision on the purchase of such a machine by January 1, so Bair would have the entire first qu

Computation of Taxable Income for Bosch Co.

Computation of taxable income. The records for Bosch Co. show this data for 2011: - Gross profit on installment sales recorded on the books was $360,000. Gross profit from collections of installment receivables was $270,000. - Life insurance on officers was $3,800. - Machinery was acquired in January for $300,000. Straig

Tax Depreciation for Motorola and Intel in year 2

See attached file. Motorola and Intel are both in the semiconductor industry and compete in many of the same product sectors. But each uses a different depreciation method. Motorola's Year 2 10-K states the following: Depreciation is recorded principally using the declining -balance method based on the estimated useful liv

Accounting

19. A company's fabricating department reports the below operating data for this month. What are the equivalent units of production for this month? beginning inventory............... 0 Ending inventory (10% complete............. 10,000 units Units started & Completed...................... 100,000 units a. 100,000 b. 101

IRS Investigations Facts

Q1. Review (ch.10) After an investigation by the IRS, the following facts were discovered from the books and records of the Shady Tree Nursery, which began business on January 1, 2008. 2008 2009 2010 2011 Gross profit on sales

Need help on this question-Hans

Please see the attached file. 1. Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is as follows: Direct materials $ 3.60 Direct labor 10.00 Variable manufacturing overhead 2.40 Fixed manufacturing overhead 9.00

Corporate Value Model

Assume that today is December 31, 2008, and that the following information applies to Vermeil Airlines: â?¢ After tax operating income [EBIT (1 â?"T)] for 2009 is expected to be $500 million. â?¢ The depreciation expense for 2009 is expected to be $100 million. â?¢ The capital expenditures for 2009 are expected t

Raise a red flag?

The CEO of a large corporation was determined to see that an active and effective committee of the Board would perform in an excellent manner. In this stead the CEO, who was also the Chairman of the board, had himself appointed Chairman of the Board audit committee. The CEO asked the board to approve his selection of the other

Mark to Market Accounting or historical cost

1. Identify and discuss why accounting rules require mark to market accounting for certain financial instruments, but continue to require the use of historical cost for other assets such as land, building, equipment etc. 2. What makes mark to market accounting so controversial? Explain whether you support or oppose the use of

Haley Paper Company: What is the proper accounting for the four sawmills

Haley Paper Company operate a 300-ton-per-day Kraft pulp mill and four sawmills in Wisconsin. The company is in the process of expanding its pulp mill facilities to a capacity of 1,000 tons per day and plans to replace three of its older, less efficient sawmills with an expanded facility. One of the mills to be replaced did no