The following information is available for Small Corporation's first year of operations: Payment for merchandise purchases $250,000 Ending merchandise inventory 110,000 Accounts payable (balance at end of year) 60,000 Collections from cust
Penicle Bikes manufactures small lenses and larger mirrors for the handle bars. The company is preparing its profit plan. As part of its analysis of the profitability of individual products, the controller estimates the amount of overhead that should be allocated to the individual product lines from the following information:
I need help on two basic/intermediate finance questions. For computation, please use Excel or Word. I'm not very good with math, so if you use Word, please show step by step on how you obtained the answers. Thanks. 1. Project Evaluation. The following table presents sales forecasts for Golden Gelt Giftware. The unit price is
1) You have $10,000.00 to invest. Pick a bank, any bank,(Bank of America, USAA,Wamu, Wells Fargo, ect.) and investigate the details of the mentioned four account types they have. Explain how the various account are set up and what you do and don't get. Do not assume the reader of your paper knows everything about checking, savin
5. The city council of Pine Bluffs is considering increasing the number of police in an effort to reduce crime. Before making a final decision, the council asks the chief of police to survey other cities of similar size to determine the relationship between the number of police and the number of crimes reported. The chief gat
Blackstone company Statements of financial position Beginning balance ending balance Assets Cash 130,000 170,000 Accounts receivable 100,000 130,000 Plant and equipment (net) 180,000 150,000 Investment in balsam co. 50,000 60,0000 Goodwill 120,000 120,000 Total assets $580,000
Problem 1 Presented below are various receivable transactions entered into by Brewer Tool Company. Indicate whether the receivables are reported as accounts receivable, notes receivable, or other receivables on the balance sheet. a. Loaned a company officer $4,000 ______________ b. Accepted a $2,000 promissory note from a
I am having trouble with accounting. I am not really good at any type of math. If I could get some insight on this?
The Greek Connection Balance Sheet As of December 31, 2004 (thousands of dollars) Assets Liabilities and Equity Cash $2,000 Account payable $1,500 Account receivable $3,950 Notes payable $1,000 Inventory $1,300 A
Crone Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices. Management is considering updating its computer with a faster model that would eliminate all of the
Donkey Bikes could sell its bicycles to retailers either assembled or unassembled. The cost of an unassembled bike is as follows. Direct material $150 Direct Labor 70 Variable overhead (70% of direct labor) 49 Fixed overhead (30% of direct labor ) 21 Man
Table 2 (use for Problems 29-31) Thompson Manufacturing Supplies' projected sales for the first six months of 2004 are given below. Jan. $250,000 April $400,000 Feb. $300,000 May $450,000 March $400,000 June $400,000 40% of sales is collected in the month of the sale, 50% is c
Table 1 (use for Problems 24-27) Smith Company Balance Sheet Assets: Cash and marketable securities $300,000 Accounts receivable 2,215,000 Inventories 1,837,500
A Pareto analysis is performed in Excel to determine the percentage of total complaints represented by the most common categories. Pareto analysis is a statistical technique in decision making that is used for selection of a limited number of tasks that produce significant overall effect (Wikipedia).
Construct a Pareto analysis of the data and determine the percentage of total complaints represented by the two most common categories. Over a 6 mo period: Stock Condition: 170 Checkout Queue: 33 Product request: 105 Product Quality: 87 Price Marking: 45 Policy/Procedures: 40 Service Level: 55 General: 58
10) Opportunity cost is best defined as A) the amount given up when choosing one activity over the next best alternative. B) the opportunity to earn a profit that is greater than the one currently being made. C) the amount that is given up when choosing an activity that is not as good as the next best alternative. D) the
PLEASE DO NOT COPY AND PASTE ANY SOURCES FROM ANY SOURCES!! PLEASE INCLUDE AN INTRODUCTION AND CONCLUSION. Part 1 DELIVERABLE LENGTH: 1-2 PAGES Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into th
1.In March 2005, General Electric (GE) had a book value of equity of $113 billion, 10.6 billion shares outstanding, and market price of $36 per share. GE also had cash of $13 billion, and total debt of $370 billion. What was GE's Enterprise value? (Points: 1) 0.97 3.27 3.38 $381.6 billi
Does Anyone remeber how Jonnson and Johnson handled the Extra-Strength Tylenol tampering case back in 1982? Seven people died after purchasing Tylenol capsules that had been tamered with. Someone had removed bottles of Tylenol from Chicago area stores, inject them with cyanide, and then replaced them. Before this happened, Tylen
Philly Corp's stock recently paid a dividend of $2 per share (Do = $2), and the stock is in equilibrium. The company has a constant growth rate of 5% and a beta of 1.5. The required rate of return on the market is 15%, and the risk free rate is 7%. Philly is thinking of making a chance that will increase its beta coefficient to
A manager is holding a portfolio: Stock Amount Invested Beta 1 300,000 .6 2 300,000 1.0 3 500,000 1.4 4 500,000 1.8 The risk free rate is 6% and the portfolio's required rate of return is 12.5%. The manager would like to
Mr. Robbins medical records indicated that a total of 20 labor hours were directly used in providing his care. The cost of the labor was $380. It was expected before the beginning of the year that a total of 90,000 direct labor hours would be consumed by the health care org. patients, at a cost of $1,350,000. The total overhe
Why would an auditor use non-statistical sampling as opposed to statistical sampling?
I have already done this assignment but want to check what I have with what you get to make sure that I am fully understanding this. Thank you so much for your help!! P3-2A (Which consists of the following) Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance befo
There are two stocks, stock A and stock B. The price of stock A today is $70. The price of stock A next year will be $50 if the economy is in recession, $80 if the economy is normal and $95 if the economy is expanding. The attendant probabilities of recession, normal times, and expansion are 0.2, 0.6, 0.2, respectively. Stock A
Exercise Description Solutions or Answer here Find the mean of the following set of numbers. 7, 10, 9, 13, 6 A) 9 B) 10 C) 8 D) 9.2 A) Use the table, showing the yearly food costs of a family, below this table to answer questions 2a and 2b: A) In what year was the cost of food the greatest? B) What
In the space provided, classify each as it would be reported on a balance sheet. Use the following code: A -----Asset L -----Liability SE ------ stockholders' equity _____1. Accounts Payable _____2. Accounts Receivable _____3. Buildings _____4. Cash _____5. Contributed Capital _____6. Land _____7. Merchandise Inv
Smith uses a perpetual inventory system. Determine the costs assigned to cost of goods sold and ending inventory using (a) FIFO and (b) LIFO. Compute the gross margin for each method.
Smith Company reported the following current-year data for its only product: Jan. 1 Beginning Inventory 200 Units @ $10 $2,000 Mar. 14 Purchase 350 Units @ $15 5,250 Jul. 30 Purchase 4 50 Un
What is the cost-to-retail ratio using the retail method? What is the estimated cost of the ending inventory?
A company uses the retail inventory method and has the following information available concerning its most recent accounting period: At Cost At Retail Beginning-of-period inventory $148,600 $245,200 Net Purchases
Evaluate each (separate) inventory error and determine whether it overstates or understates each item.
Evaluate each (separate) inventory error and determine whether it overstates or understates each item. Inventory Error Cost of Goods Sold Net Income Understates beginning inventory Understates ending inventory Overstates beginning inventory Overstates
Rockness Recycling refurbishes rundown business students. The process uses a moving belt, which carries each student through the five-step process in sequence. The steps are as follows: Step Description Time Required per Student 1 Unpack and place on belt 1.0 minutes 2 Remove off bad habits 1.0 minutes 3 Scrub and clean