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    Global Business Management

    Your firm is considering to open a new factory via direct investment in Latin America and management is evaluating the specific country locations for this project. The pool of candidate countries has been narrowed to Honduras, Chile, and Mexico. Discuss the national differences in political economy between these three cou

    overhead cost

    4-19: Predetermined Overhead Rate; Applying Overhead; Underapplied or Overapplied Overhead Reston Company uses a job-order costing system. The company applies overhead cost to jobs on the basis of machine hours. For the current year, the company estimated that it would work 36,000 machine-hours and incurs $153,000 in manufac

    Accounting for Contract using Percentage of Completion Method

    Questions: Chicago contractors got  $5,400,000 contract to construct a school building for the City of Chicago. Work on this contract began in 2013 and the financial data pertaining to this contract is available here. Cost incurred till Dec.31, 2013                      $1,080,000 Billings made to Cit

    The Dangerous Morality of Managing Earnings: 5 generalizations

    After reading case , "The Dangerous Morality of Managing Earnings" I need help addressing the following elements: Discussion of the five generalizations from the findings in this study relating to managing earnings. Discussion of management's ability to manage earnings in the long-term given the operational manipulations dis

    Securitization and Accounts Receivable

    Securitization Kendall Corporation designs and manufactures sports cars. During the course of its business, Kendall generates substantial receivables from its customers. On July 1, 2011, to improve its cash flow, Kendall establishes a securitization entity (SE) and (1) transfers wit out recourse $20.5 million of its receiva

    Aging Accounts Receivable & Imputed Interest

    On December 31, 2011, Vale Company had an unadjusted credit balance of $1,000 in its Allowance for uncollectible accounts. An analysis of Vale's trade accounts receivable at that date revealed the following: Estimated Age Amount Uncollectible 0 - 30 days $60,000 5% 31 - 60 days 4,999

    Journal entries for bad debts

    1.) Journalize the following transaction using the direct write-off method of accounting for uncollectible receivables. July 01 Received $1,500 from Jane Zeeba in partial payment of the amount owed. The remaining balance of $3,500 was written off as uncollectible. Oct 15 Reinstated the account of Jane Zeeba and r

    Accounting: Financial Statement Ratio Analysis

    I am trying to analyse financial statements using published financial reports, the ones I know I will be facing in the real world compared to the exam type. I found one very challenging and too big. I have attached areas I want analysed, and I am asking for a detailed ratio analysis showing the relevant calculations and notes. I

    BRS

    The checkbook balance for MAP Consulting Services Co. on July 31, 2010 indicated a balance of $15,515.00. The bank statement for July indicated an ending balance of $15,245.00 as of July 31, 2010. Below are items for reconciliation to either the checkbook or the bank statement balance: A deposit of $17,636.00 had been made too

    Accounting: Ratio Analysis (Vertical and Horizontal)

    Using the 2005 and 2006 Statement of Financial Position (SFP) and the Statement of Earnings (SE) found on pages 465 and 466, complete a vertical analysis (common-sized statements) for both years and a horizontal analysis (trend) from 2005 to 2006. The documentation is attached as HCM Income statement

    Intl Acounting and Project Mgmt Accting

    Application: IFRS vs. U.S. GAAP 1. In this week's Discussion, you studied revenue recognition standards and related accounting issues for companies operating in international markets. Due to the scope of international markets and the differences in IFRS and U.S. GAAP accounting standards, accountants are also challenged with i

    Flexible & Static Budget: Green Pastures

    Brief summary on situation, Green Pastures is a 400-acre farm on the outskirts of the Kentucky bluegrass, specializing in the boarding of broodmares and their foals. A recent economic downturn in the thoroughbred industry has led to a decline in breeding activities, and it has made the boarding business extremely competitive.

    Financial advice

    ABC Ltd. produces an MP3 player. The market for this product is increasing, and for this reason, ABC is planning to expand its production capacity. This plan requires new machinery and an increase in working capital that would be financed with borrowing. Complete the following: 1. What are the main sources of finance that

    Bond Discounts and Bond Premiums

    Explain how bond discounts and premiums usually arise. Describe how they are accounted for in the balance sheet and income statement.

    Angelo Diaz: Colorful Scarves

    Angelo Diaz has decided to go into business selling colorful scarves which are popular among university students. He will operate the business out of a flea market, mostly on weekends. He is trying to get himself organized for the start of the first quarter. In order to do so, he will have to prepare a few budgets. Use the follo

    S Corporation Distributions Reclassified as Salary

    The IRS audited S. Johnson's tax returns for the 2010 through 2012 and classified the $260,000 of distributions as salary income for each year. What IRC is used to support the claim of the distribution as income based on the following facts and for the tax research memo? S. Johnson and K. Morrison, attorneys at law, formed

    Myers Co: Types of dividends on assets, liab & equity accounts

    Myers Company provides you with the following condensed balance sheet information. Assets Current assets 43,600 Equity investments (ABC stock; 10,290 shares at cost) 41,160 Equipment (net) 252,900 Intangibles 60,310 Total assets397,970 Liabilities and Stockholders' Equity Current and long-term liabilities10

    Transfer Pricing Issues and Measures

    Transfer Pricing 1) What is your opinion on the questions below? Transfer pricing is an important topic from multiple perspectives. It is a global issue affecting taxation, financial results, performance evaluations, and managerial motivation. Ratios are based on the underlying financial information. Transfer pricing is a

    Principles Governing International Accounting in the USA

    1. International accounting is impacted by a wide range of factors, including accounting diversity, global accounting standards, multinational companies, and the global economy.Think about the meaning of international accounting. As you do so, consider the variety of factors that impact it. Consider how accounting diversity can

    Transaction Analysis of Darby Coporation

    The following are selected 2012 transactions of Darby Corporation. Sept. 1 Purchased inventory from Orion Company on account for $54,700. Darby records purchases gross and uses a periodic inventory system. Oct. 1 Issued a $54,700, 12-month, 8% note to Orion in payment of account. Oct. 1 Borrowed $84,080 from the Shore Ba

    Calculating the Mexican Peso Cost of a Dollar Loan

    Suppose on that on January 1st a Mexican firm borrows $20 million from Citibank (USA) for one year at 8.00% interest per annum. The loan was taken when the spot rate was USD/MXP3.40. At the end of the one year when the loan was repaid, the exchange rate was USD/MXP 5.80. Based on the above information, calculate the Mexican Pe

    Taking Inventory for Personal Use

    Hart Nance and Jason Symington operate gift boutiques in shopping malls. The partners split profits and losses equally, and each takes an annual drawing of $80,000. To even out the workload, Nance travels around the country inspecting their properties. Symington manages the business and serves as the accountant. From time to tim

    Bond Issuance - Effective Interest Rate Method

    The following amortization and interest schedule reflects the issuance of 11-year bonds by Capulet Corporation on January 1, 2006, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Year Cash Interest Amount Unamo

    Looking at Inventory Costing Methods

    Using FIFO, LIFO, and the weighted average method, determine the gross profit, cost of goods sold, and cost of ending inventory. Use the form provided for your answers. Data below represents the purchases in August of Item ABC for Golson Company. Assume the company sold 1 unit during the month at a selling price of $50. D

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