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Microeconomic perspective

Need help with completing a competitive analysis of General Motors (GM) position from a microeconomic perspective based on the pricing of the organization's primary product or service line, an assessment of its cost structure, and an assessment of the market in which the organization competes.

Minimum transfer price and internal transfer

Allcell Manufacturing is a division of Birch Communications, Inc. All cell produces cell phones and sells these phones to other communication companies, as well as to Birch. Recently, the vice president of marketing for Birch approached Allcell with a request to make 20,000 units of a special cell phone that could be used anywhe

Restructuring Charges

Hi can someone take a look at the below explanation for the reason why our restructuring charges decrease from Q1 vs. Q2? Does the explanation make sense? Does the wording sound good? The $8M (1768%) decrease in Restructuring Expenses is driven by cost savings initiatives that were put in place throughout Q1'09 that have slow

Solving a Financial Accounting Problem

Please help with the following financial accounting problem. Provide at least 100 words in the solution. Include a reference. What type of information does financial accounting provide?

Alternative Minimum Tax & Property Transactions

Question 1 All of a corporation's AMT is available for carryover as a minimum tax credit regardless of whether the adjustments and preferences originate from timing differences or AMT exclusions. True False Question 2 In calculating the adjusted basis of property, the basis is reduced by the lesser of the cost


During 2006, ABC Co purchased a building site for its proposed research and development laboratory at a cost of $60,000. Construction of the building was started in 2005. The building was completed on December 31, 2006, at a cost of $280,000 and was placed in service January 2, 2007. The estimated useful life of the building for

Accounting Reporting Criteria Paper (Shell Oil)

Prepare a 400 word paper in which you compare and contrast the accounting reporting criteria- regulatory environment of a U.S. company with a foreign company. We will be using Shell Oil and Valero Oil. Properly cite your references. If you used an electronic source, include the URL. If you used a printed source please attach

Tax Consequences of Incorporation

T was one of several individuals who transferred property to a new corporation in a section 351 exchange. T transferred the following property: Basis/FMV Accounts receivable 0/20,000 Machinery (D/recap = $10,000) 20,000/50,000 Capital Asset (LT H/

Tax consequences of incorporation

1. Pete pays $10,000 for 100 shares of stock in Fast Eddies, Inc. Briefly discuss the tax consequences of this transaction for Pete and Fast Eddies, Inc. 2. Pete bought land ten years ago for $2,000. Today the land has a value of $10,000 and Pete transfers it to Fast Eddies, Inc. for 100 shares in Fast Eddies, Inc. Brief

Absorption versus Variable Costing-Effects on Income

Rachel Yablonka assumed the responsibilities as executive manager of the Chair Division, Office Furniture and Fixtures, Inc. (OFF), on January 1, 2005, taking the place of her recently promoted predecessor. Rachel's own performance evaluation is directly tied to the division's annual net operating profit determined under absorpt

Return on investment, residual income, economic value

While many people recognize Sonora, Mexico as a beautiful vacation spot, it is also a large furniture manufacturing location in North America. Guillermo Navallez has made furniture for years near his Sonoran home. The area had a good supply of timber for the variety of tables and chairs produced by his company. Labor was also re


1. The asset turnover ratio may be used to determine: a. the average service life of plant assets b. the average age of plane assets c. the dollars of sales produced for each dollar invested in assets d. the number of times you can divide depreciation expense into total assets 2. The times interest earned ratio provides a

Phantasy, Inc. Account Receipt

Phantasy, Inc. is a research and development company that primarily develops and patents products. Phantasy, Inc. then licenses other companies to produce and sell the products. In return, Phantasy, Inc. receives royalties from these companies. In 2009, Phantasy, Inc. developed and patented a product and then licensed Thurbe

ABC system

This question should be answered in at least 200 words. Give four examples of activities and related cost-allocation bases that can be used in an ABC system to allocate costs to products, services, or customers.

Music Makers process costing: prepare a production report, compute unit cost

Assume Music Makers has begun to produce blank CDs for its use and for sale to outside customers, because the CDs are produced in a continuous process and are identical, management at Music Makers uses process costing. The unit of measure for Mucic Makers is a box of CDs. Management has gathered the following information from t

Multiple-Choice Questions on Recording Business Combinations

5. On June 30, 20X2, Pane Corporation exchanged 150,000 shares of its $20 par value common stock for all of Sky Corporation's common stock. At that date, the fair value of Pane's common stock issued was equal to the book value of Sky's net assets. Both corporations continued to operate as separate businesses, maintaining acco

Explain how behavioral phenomena may help effectiveness

You have been hired as a consultant to present a one-hour seminar before a group of investment and corporate professionals. The main part of your job is to explain how behavioral phenomena may help the attendees to become more effective decision makers. Furthermore, your presentation is even more focused; as your talk will b

Sage Company: Maintenance expense error in a prior year. What is the entry?

10. (1) In 2009, Sage Company discovered that a building addition completed December 30, 2006, at a cost of $360,000 was charged to building and maintenance expense in error. The cost should have been charged to the buildings account. At December 31, 2009, the building addition had 22 years of life remaining and a $100,000 resid

Common Stock Value

P7-11 Common stock value-Constant growth Elk County Telephone has paid the dividends shown in the following table over the past 6 years. Year Dividend per share 2006 $2.87 2005 2.76 2004 2.60 2003 2.46 2002 2.37 2001 2.25 The firm's dividend per

Statute of Limitations Scenario

The IRS is disputing a deduction reported on your 2005 tax return, which you filed on April 17, 2006. On April 2, 2009, the IRS audit agent asks you to waive the statute of limitations for the entire return so as to give her additional time to obtain a Technical Advice Memorandum. The agent proposes in return for the waiver a "c

Allocation of costs, machine hours, overhead application rate

Q1. "The more the better!" Was a comment made by the CEO of a major company when asked about allocation of sales, general, and administrative costs to products. Do you agree? Explain. Q2. Suppose a company uses machine hours as a cost-allocation base for factory overhead. How does the company compute a budgeted overhead

Value Added/Non Value Added

2. Borke and Falvery is a law firm that uses activity-based costing. Classify these activities as value-added or nonvalue-added: 1. Taking appointments. 2. Meeting with Clients. 3. Court time. 4. Meeting with opposing attorneys. 5. Billing.

Profit margin, earning per shares.

Slaubaugh Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash.................................................................... $ 100 $

Accounting Measurement and Reporting

10. Betsy McCall is the president of Brew News. She has no accounting background. McCall cannot understand why Current cost is not used as the basis for accounting measurement and reporting. Explain what basis is used and Why? 11. Describe the two constraints inherent in the presentation of accounting information. 12. In


On January 1, 2007, Tom Clark was promoted to the position of production manager in Seattle Seafood Company. The firm purchases raw fish, cooks and processes it, and then cans it in signal-portion containers. The canned fish is sold to several wholesalers specializing in providing food to school lunch programs in the Northwest r

Mangerial Accounting

____ 1. Period costs would include a. direct labor. b. direct materials. c. indirect manufacturing costs. d. selling and administrative costs. ____ 2. Manufacturing costs are typically classified as a. product costs or period costs. b. direct materials or direct labor. c. direct materials, direct labor, o

Explain Internal weaknesses over cash receipts

See attached page for problem. List internal control weaknesses over cash receipts and suggest improvements. The following control procedures are used in Elke Company for over-the-counter cash receipts. Cashiers are experienced; thus, they are not bonded. All over-the-counter receipts are registered by three clerks w

Statement of Retuned Earnings

Please provide input. 1. Last year, Jefferson Motors had retained earnings of $710,000 at the end of the year. This year, Jefferson paid a dividend of $55,000 and its end of the year retained earnings was $780,000. What was the net income of Jefferson motors? 2. In your opinion if the firm has a high retained earnings bal