The Blade Division of Axe Company produces hardened steel blades. One-third of Blade's output is sold to the Forestry Products Division of Axe; the remainder is sold to outside customers. Blades' estimated operating profit for the year is: Forestry Outside Division Customers Sales $15,000 $40,000
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See attached file. An order center has the following data available regarding the activities performed there. Additional information: Employees work a 2,000-hour work year Employees salary and benefits average $30 per hour Required: 1. Determine the FTE (full-time equivalent) needed to perform these activities.
The TearDrop Company has the following historical sales data: Year Sales 2003 $50,000 2004 $52,000 2005 $48,000 Required: 1. Using the Moving Average Method, predict the sales for 2006. 2. Using Exponential Smoothing, predict the sales for 2006. Assume that the
Edmund Enterprises recently made a large investment to upgrade its technology. While these improvements won't have much of an effect on performance in the short run, they are expected to reduce future costs significantly. What effect will this investment have on Edmund Enterprises' earnings per share this year? What effect might
How do partnerships and corporations differ in accounting processes? Reporting? Financial Statements? What are the benefits of each? How would you select one from another? The Paper: -Must be double-spaced (excluding the title page, reference page, exhibits, etc.) and formatted according to APA style as outlined in your
In a journalist's discussion of the costs and benefits relating to the value of recycling in New York, the first benefit he listed was that recycling created about 1,000 jobs in the private sector (Johnson, 2001. p. 123). Discuss the logic of this statement. With references.
I have to calculate the two options and find out which one is the better choice. Dishmachine is $11,000. Option 1: To buy the dishmachine directly, you will have to pay more than $11,000 after three years because the cost of the dishmachine may increase over the period of next three years. Use the Internet or other rel
The Lynn Company uses a job-costing system at its Minneapolis plant. The plant has has a Machining Department and an Assembly Department. Its job-costing system has two direct-cost cateories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the Machining Department overhead, allocated
Discuss the importance of asset allocation in constructing the investment portfolio. Make sure you cover the following: Asset classes Percentage of assets classes within the portfolio Defend your allocation percentages given the target risk tolerance and investment horizon. Include references.
1. Which of the following does not affect retained earnings? b. Investments by stockholders c. Declaration and payment of dividends d. Earnings of revenues e. Incurring of expenses 2. A company recorded office supplies in an asset account when the supplies were purchased. Failure to take inventory and make an adjusting entr
Describe the five elements of accounting internal control. Choose the one and provide example.
Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. He now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. What is the maximum number of whole payments that can be withdrawn before t
Present several different types of costs that are used in cost accounting, please discuss why you think it is important for companies to identify and track these costs differently. Please use an example to support your assertions. Please discuss how a company may also evolve their cost accounting and cost tracking over time
Thank you in advance for helping me understand this!! ------------------ 2- 28 Inventoriable costs versus period costs. Each of the following cost items pertains to one of these companies: General Electric (a manufacturing- sector company), Safeway ( a merchandising- sector company), and Google ( a service- sector company)
(Expense Recognition Principle) Daniel Barenboim sells and erects shell houses, that is, frame structures that are completely finished on the outside but are unfinished on the inside except for flooring, partition studding, and ceiling joists. Shell houses are sold chiefly to customers who are handy with tools and who have ti
For 2010, Omaha Mechanical has a monthly overhead cost formula of $42,900 + $6 per direct labor hour. The firm's expected annual capacity is 78,000 direct labor hours, to be incurred evenly each month. Making one unit of the company's product requires 1.5 direct labor hours. a. Determine the total overhead to be applied per uni
Epad-Books Ltd has purchased the following intangible assets in separate transactions: a A copyright of a novel which expires after 35 years. The company intends to use this copyright for 25 years and it is expected to be ofno value at that time. b A trademark relating to a health product. This trademark has unlimited leg
WesternGear.com is expected to have operating losses of $250,000 in its first year of business and $150,000 in its second year. However, the company expects to have income before taxes of $300,000 in its third year and $450,000 in its fourth year.The companyâ??s required rate of return is 12 percent. Required Assume a tax
Strauss Corporation is making a $60,000 investment in equipment with a five-year life.The company uses the straight-line method of depreciation and has a tax rate of 40 percent. The company's required rate of return is 12 percent. Required: What is the present value of the tax savings related to depreciation of the equipme
Farron Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $92 Units in beginning inventory 0 Units produced 8,700 Units sold 8,300 Units in ending inventory 400 Variable
ABC Company is selling the umbrella which sells direct to the customers. It has established that the historical data as below: Umbrella's demand per month Frequency 200 2 300 6 400 8 500
ABC Health Care's insufficient record-tracking system has created a backlog of incomplete medical records. The department has three open shelving units to store the incomplete records. The records are filed in straight numerical order and there is not enough room on the shelves so incomplete records are stacked on the floor. The
See the attached file. Beacon and Dobbs have been in partnership as tailors for six years. Their incomplete trial balance at 31 December 19X8 is as follows. Debit Credit £ £ Capital (at 1.1.X8): - Beacon 8,000 - Dobbs 5,000 Purchases/sales 45,620 74,750
PROBLEM 7-17. (Appendix) Batch Size Decision and Constraints At Dalton Playground Equipment, the powder-coating process is a bottleneck. Typically, it takes approximately two hours to switch between jobs. The time is spent cleaning nozzles and paint tanks and recalibrating equipment. Currently the company runs relatively smal
Competitive differences between Port of Singapore and Hong Kong.
Please also see attached file. Hounshell Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $121.00 Variable expense per unit $48.80 Fixed expense per month $268,720 Required: a. Assume the company's monthly target profit is $20,080.
According to SFAS No. 5, only contingencies in which the possible future event may indicate an asset is impaired or a liability has been incurred on the balance sheet date are candidates for accrual or disclosure. For example, if a product is defective and customers who have used the product may take some action, a contingency e
Problem 1: Hess Co. manufactures a product that sells for $12 per unit. Total fixed costs are $96,000 and variable costs are $7 per unit. Hess can buy a newer production machine that will increase total fixed costs by $22,800 but variable costs will be decreased by $0.40 per unit. What effect would the purchase of the new machin
Security A has an expected rate of return of 6%, a standard deviation of returns of 30%, a correlation coefficient with the market of -0.25, and a beta coefficient of -0.5. Security B has an expected return of 11%, a standard deviation of returns of 10%, a correlation with the market of 0.75, and a beta coefficient of 0.5. Which
The Eastern Division of XYZ, Inc., has operating income of $32,000 on sales revenue of $320,000. Divisional operating assets are $160,000 and management of XYZ has determined that a minimum return of 10% should be expected from all investments. (a.) Using the DuPont model, calculate the Eastern Division's margin, turnover, and