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    Simpson Corporation After-tax cash flow from sale of asset

    Please use the attachment to answer this question. Simpson Corporation has taxable income of $300,000 and an income tax rate of 34%. Simpson is considering selling an asset whose original cost is $20,000, with $12,000 of it depreciated. How much total after-tax cash will be generated from the sale of the asset for $18,000?

    Analyzing costs reductions at Dell, Inc.

    See attached files. Analyzing costs reductions at Dell On May 31, 2007, Dell Inc. announced it was making several changes to the way it did business in order ". . . to restore competitiveness to the core business, re-ignite growth, and build solutions critical to customer needs." As one of the changes the company: Initiat

    Accounting Financial Ratios and Analysis

    Problem One: Mason Company has a product that sells for $20 per unit. The variable expenses are $12 per unit, and fixed expenses total $30,000 per year. Required: (a). What is the total contribution margin at the break-even point? (b). What is the contribution margin ratio for the product? (c). If total sales increase by $

    Installment Method & Cost Recovery

    On December 15, 2011, Rigsby Sales Co. sold a tract of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transaction. Terms called for a down payment of $500,000 with the balance in two equal annual installments payable on December 15, 2012, and December 15, 20

    Predetermined overhead rates problem

    Please help answer the following accounting question. How often should the predetermined overhead rate be reviewed by management for accuracy - monthly, quarterly or annually? Explain.

    Variance Analysis Illustrated

    Variance Analysis. Discuss and illustrate analysis using data that you create. What type of meaningful conclusion can emerge from variance analysis? Explain.

    Explanation of batch data vs real time processing

    Please help me with an assignment on processing in the food and hospitality industry by answering the given problem: Compare and contrast the advantages/disadvantages of batch data processing and real-time processing.

    St. Mark's Hospital Occupancy Rates, Variable Costs, Fixed Costs

    See attached file for clarity. St. Mark's Hospital contains 450 beds. The average occupancy rate is 78% per month. In other words, on average, 78% of the hospital's beds are occupied by patients. At this level of occupancy, the hospital's operating costs are $21.10 per occupied bed per day, assuming a 30-day month. This $21.1

    Pension: expected annual retirement income

    Delbert Ray is planning to retire this year and draw upon the accumulated saving in his pension plan, which amount to $205,800. Mr.Ray is vested with 80 percent of the accumulated funds and, based on his life expectancy, has been promised an annual annuity (income) rate of 3.5 percent. What is Delbert Ray's expected annual retir

    Ad Agency Report

    Select and research an advertising agency. Assist in writing a page overview and evaluation of the agency. Your evaluation should be written in two sections. The first section should describe the agency's unique aspects, strengths, services, approach to marketing communications, specialties, client list, and so forth. The second

    Special Decisions

    How do managers go about making segment or product line elimination decisions?

    Variable Cost Element, Fixed Cost Element & Total Overhead

    Sawaya Co., Ltd., of Japan is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to increases and decreases in the number of direct labor-hours worked in the factory. Total factory overhead costs (in Japanese yen, denoted ¥) at high and low levels of activity for recent

    Managerial Accounting - Cost Accounting

    Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $800 and the variable cost per cup of coffee served is $.67. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a cof

    Exchange lacking commercial substance

    Equipment that cost $66,000 and has accumulated depreciation of $30,000 is exchanged for equipment with a fair value of $48,000 and $12,000 cash is received. The exchange lacked commercial substance. The gain to be recognized from the exchange is a. $4,800 gain. b. $6,000 gain. c. $18,000 gain. d. $24,000 gain. The new

    payables, collections, manufacturing costs

    1. Wateredge Corporation has budgeted a total of $361,800 in costs and expenses for the upcoming quarter. Of this amount, $45,000 represents depreciation expense and $7,300 represents the expiration of prepayments. Wateredge's current payables balance is $265,000 at the beginning of the quarter. Budgeted payments on current paya

    Accounting: reporting earnings per share

    During the fiscal year ended September 30, 2011, Worrell, Inc., had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2011, the company reported earnings per share for the year ended September 30, 2010, on a restated basis, of $0.60. Calculate the originally reported earnings per share for the year ende

    Tax treatment: gambling debt

    Joe owes willy $5,000 from an old gambling debt. Discuss the tax treatment for the $5,000 to both Joe and Willy.

    taxable sources of income

    The instructions accompanying the Federal income tax return (Form 1040) provide examples of items that must be included in gross income, but do not list all possible types of income subject to tax. Would these instructions be improved if they included a complete listing of taxable sources of income? Indicate the source of your o

    Alternative Income Statements and Decision Making

    Question 1: What are some examples of how alternative income statements are used in decision making? What are the two types of approaches in using alternative income statements? What is cost behavior and how does it impact a financial analysis? What processes does your company or a previous employer use to analyze cost behavior

    Net income and earnings per share calculation

    During the year ended December 31, 2011, Gluco, Inc., split its stock on a 3-for-1 basis. In its annual report for 2010, the firm reported net income of $3,703,920 for 2010, with an average 268,400 shares of common stock outstanding for that year. There was no preferred stock. Required: (a) What amount of net income for 20

    Calculate Cash Sources or Cash Uses

    ** Please see the attached file for the complete problem details ** For each of the items, calculate the cash sources or cash uses that should be recognized on the statement of cash flows for the year ended December 31, 2010.

    Calculating Basic Earnings per Share: Ringemup Inc. Example

    Ringemup, Inc., had net income of $473,400 for its fiscal year ended October 31, 2010. During the year the company had outstanding 38,000 shares of $4.50, $50 par value preferred stock, and 105,000 shares of common stock. Required: Calculate the basic earnings per share of common stock for fiscal 2010. (Round your answer t

    Calculate gross profit

    A. Calculate the gross profit ratio for each of the past three years. b. Assume that Intel's net revenues for the first four months of 2009 totaled $12.6 billion. Using the 2008 gross profit ratio from above, calculate an estimated cost of goods sold and gross profit for the four months. See attachment for data and detail