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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


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

ABC Method of allocating cost

Activity Based Costing Below find Millie's income statement. Millie's Linen Company For the year ended 12-31-XX Sales $500,000 Variable Production Costs 150,000 Contribution Margin $350,000 Fixed Costs: Production Overhead $120,000 Sellling & Distribution Costs 180,000

Develop a linear equation

See the attached file. Not sure what is being asked for the second part. Chapter 3, problem 3-41 High-Low Method Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost funct

Components of an Organization's Operating Budget

Operating Budgets - Write a 700 to 1,000 word paper that identifies the items incorporated into a security component or department of an organizations operating budget. Such as operating equipment, services, maintenance, phone, mail, office supplies, uniforms, and so forth. - Provide a rationale and justification for each co

Termination and Liquidation of a Business

Good Evening, I'm having a little difficulty understanding this problem. I entered some of the values, but I'm confused. Please advise. The Partnership of Frick, Wilson and Clarke has elected to cease all operations and liquidate it's business property. A balance sheet drawn up at this time shows the following acc

Determining Eliminating Entries (Power Corporation)

Please assist with the following problem. Thank you. Power Corporation acquired 75 percent of Best Company's ownership on January 1, 20X8, for $96,000. At that date, the fair value of Best's buildings and equipment was $20,000 more than book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwil

Traditional vs ABC Costing: Kalder Products

Can you help me get started with this assignment? Kalder Products manufactures two component parts, AJ40 and AJ60. AJ40 components are being introduced currently, and AJ60 parts have been in production for several years. For the upcoming period, 1,000 units of each product are planned for manufacturing. Assume that the only r

Tax Questions (FEI Rules, Computing Tax, and More...)

1) Mr. A works in Germany for XYZ contracting, an American corporation. He is single and has no dependents. He takes the standard deduction. He made $100,000 in 2009. He did not leave Germany in the year 2009. A) How much of his income can he exclude under the FEI rules? B) Assuming that he has no other income, what is his ta

Critiquing a Variance Report

I need help with the following problem in the attached document. Critiquing a Variance Report: Several years ago, Westmont Corporation developed a comprehensive budgeting system for profit planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerab

Advance Accounting

Comparative Consolidataed balance sheet data for Iverson, Inc., and its 80 percent owned susidiary Oakley Co. follow: 2011 2010 cash 7000 20000 accounts receivable (net) 55000 38000 merchandise inventory 85000 45000 building a

HCO Media Qualifies VIE

Hillsborough Country Outfitters, Inc., entered into an agreement for HCO Media LLC to exclusively conduct Hillsborough's e-commerce initiatives through a jointly owned (50 percent each) Internet site known as HCO media receives 2 percent of all sales revenue generated through the site up to a maximum of 500,000 per year

Taxable income to Smith, Jones, Smith and Earl Litt

1. What three functions does distributable net income serve in fiduciary taxation? 2. What problem does the separate share rule alleviate? 3. Beneficiaries of estates and complex trusts are subject to the tier system of taxation. Explain what is meant by a first- and second- tier beneficiary. 4. The trust instrument re

Why FASB requires the information found in footnotes

Although the basic financial statements for a company may take only four or five pages, some annual reports are now over 200 pages long. You are a staff member at FASB, and you have been asked to respond to a letter that contains the following statement: "You guys need to cut out a lot of the required disclosures. Most footno

Financial reporting problems: Day Ko Incorporated

Please see ** ATTACHED ** file(s) for complete details!! Based on the income statements in attachment, solve the following questions. a. How did 2007 net sales compare to 2006? b. How did 2007 net earnings compare to 2006? c. Calculate the following for 2007 and 2006: 1. Net profit margin 2. Return on assets (using