Share
Explore BrainMass

Business Math

Accounting for Accounting Changes and Errors

(Accounting for Accounting Changes and Errors) Listed below are various types of accounting changes and errors. ?_____ 1. Change in a plant asset's salvage value. ?_____ 2. Change due to overstatement of inventory. ?_____ 3. Change from sum-of-the-years'-digits to straight-line method of depreciation. ?_____ 4. Change from p

Please place excel answer into QM software format 14. Your company buys and sells fresh catfish, utilizing containerized chill boxes. Each box is carried by airfreight to either of two airfreight hubs, where it is further routed to restaurant wholesalers in ...

14. Your company buys and sells fresh catfish, utilizing containerized chill boxes. Each box is carried by airfreight to either of two airfreight hubs, where it is further routed to restaurant wholesalers in various cities. Once loaded with fish, containers may be held at origin for further shipment for up to three days unti

Converting cash to accrual basis accounting

Cash to Accrual Accounting I need help getting started with this problem! Mr. Pitt has relented and agrees to provide you with the information necessary to convert his cash basis financial statements to accrual basis statement. He provides you with the following transaction info for the fiscal year ending December 31, 2

Westcost Air Co. leases a single jet aircraft and operates between San Francisco and the Fiji. Flights leave San Francisco on Mondays and Thursdays and depart from Fiji on Wednesdays and Saturdays. Westcost Air Co. cannot offer any more flights between San Francisco and Fiji. Only tourist-class seats are available on its planes. An analyst has collected the following information:

Westcost Air Co. leases a single jet aircraft and operates between San Francisco and the Fiji. Flights leave San Francisco on Mondays and Thursdays and depart from Fiji on Wednesdays and Saturdays. Westcost Air Co. cannot offer any more flights between San Francisco and Fiji. Only tourist-class seats are available on its plan

Accounting

If I have this expenses: telephone $50 fixed utilities $260 fixed (25% for the garage and 75% for the house advertising $75 fixed insurance $80 fixed materials $7,500 variable (for 5 computers) labor $1,800: ($1,300 fixed plus $500 for hours assembling computers) How a can compute the TOTAL COST FUNCTION

Algebra to show Depreciation of Corporate Airplane

1) The following graph shows the depreciation for the corporate airplane from 2006 to 2009. The plane was purchased new in 2006; therefore, x = 0 represents the year 2006. X - axis (horizontal) = years starting from 0 = 2006 and increasing by 0.5 years Y - axis (vertical) = price in $ amounts a) List the coordinates o

Joint Processing and Split Off Points

Problem is below. I've come to a conclusion that product J would bring in sales of $636,000 and product K would bring in sales of $1,350,000 which would make me think to sell J at split and continue to process K. What is correct answer? 28. India Corporation has $200,000 of joint processing costs and is studying whether to pr

Should the Securities and Exchange Commission do anything? Why?

Many high-technology companies, like Nortel Networks, Micron Technology and JDS Uniphase, have written down massive amounts of their inventory. For example, Nortel Networks revalued some of its inventory parts at $0, though the inventory initially cost Nortel $650 million. Companies are required to report whether they write

Accounting Problems

Please help with the following problems. 1. Communication of economic events is the part of the accounting process that involves a. identifying economic events. b. quantifying transactions into dollars and cents. c. preparing accounting reports. d. recording and classifying information. 2. Which of the followi

Accounting Problems

Need help with the following problems. 15. The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income Statement Balance Sheet Dr. Cr. Dr. Cr. Totals $58,000 $48,000 $34,000 $44,000 The net income (or loss) for the pe

Annual Interest in a Bank Account

You deposit $700 in an account that pays 2.75% annual interest. How long does it take the balance to reach $1,500 when the interest is compounded yearly? Show your work. [Hint: use A = Pe-rt and solve for ¿t¿].

Present Value Process Analysis

I am asking for help with understanding the processes to analyze a present value question, for example below. Any assistance is appreciated. I just inherited profits. The profit is believed to have 3yrs worth of profit deposit. Here is how much income this profits is projected to bring each year for the next 3yrs:

Three Sequences to Minimize Costs

7. Western Airlines needs to assign its crews to cover the 11 flights shown in the table below. They have developed 12 feasible sequences of flights for the crews (The numbers in the columns represent the order of the flights or legs of each sequence. Some sequences consist of only two flights, while other sequences involve as

Management

The Tims Corporation expects earnings of $8,000,000 in the current year on 6,000,000 shares of common stock. The company is considering the effects on expected earnings of issuing an additional 2,000,000 shares of common stock. (a) What will be the initial dilution in earnings per share if the new stock is issued? (b) If

Managerial Accounting related to ABC

Scott, Inc., manufactures two products, Regular and Deluxe, and applies overhead on the basis of direct labor hours. Anticipated overhead and direct labor time for the upcoming accounting period are $1,600,000 and 25,000 hours, respectively. Information about the company's products follows. Regular-- Estimated production

Frequency of applications received per day.

Banner Mattress and Furniture Company The Banner Mattress and Furniture Company wishes to study the number of credit applications received per day for the last 300 days. The information is reported below: Number of Credit Frequency Applications (Number of Days) 0 50 1 77 2 81 3 48 4 31 5 or mor

Risk-neutral probability

At time 0.5, the price of $1 par of a zero maturing at time 1 will be either $0.96 or $0.98. The risk-neutral probability of the each outcome is 50%. The current price of $1 par of a zero maturing at time 0.5 is 0.97. Time 0 Time 0.5 1 Zero maturing at time 0.5 0.97 0.96 Zero maturing at time 1 ? 1 0.

Adjusting and closing entries.

The following trial balance was taken from the books of Fisk Corporation on December 31, 2007. Account Debit Credit Cash $ 12,000 Accounts Receivable 40,000 Note Receivable 7,000 Allowance for Doubtful Accounts $ 1,800 Merchandise Inventory 44,000 Prepaid Insurance 4,800 Furniture and Equipment 125,000

BANKING

Taylor Flowers' bank statement shows a balance of $135.42 and a service charge of $8.00. The account register shows deposits of $112.88 and $235.45 that do not appear on the statement. The register shows outstanding checks in the amounts of $17.42 and $67.90 and two cleared checks recorded in the account register as $145.69 an

Trasfer Price

Better home products Canadian operations are organized into two divisions: west and east. west division sells a component that could be used by east division in making one of the company's principal products. east division has obtained three price quotations from external suppliers for the component: $154, $138, and $143. examin

Make Or Buy Decision

Problem 13-19 Make or Buy Decision [LO3] Bronson Company manufactures a variety of ballpoint pens. The company has just received an offer from an outside supplier to provide the ink cartridge for the company's Zippo pen line, at a price of $0.63 per dozen cartridges. The company is interested in this offer, since its own prod

Mt. Sinai Hospital: Quantitative Analysis for Management

Mt. Sinai Hospital in New Orleans is a large, private 600 bed facility, complete with labratories, operating rooms, and x-ray equipment. Mt. Sinai's administration has decided to make a 90-bed addition on a portion of adjacent land currently used for staff parking. The administrators feel that the labs, operating rooms, and x-ra

Discrete Probability Distributions for Tamiami shearing, and Nokia cell phones

Discrete Probability Distributions A Tamiami shearing machine is producing 10 percent defective pieces, which is abnormally high. The quality control engineer has been checking the output by almost continuous sampling since the abnormal condition began. What is the probability that in a sample of 10 pieces: a. Exactly 5 w

The Internet Effect on Business

The Internet Effect on Business Discuss how the Internet has changed the face of doing business today. What are the positive effects of the Internet on business? What are the negative effects of the Internet on business? Please Reference your source(s).

Accounting : Overhead Costing

There are 2 types of storage cabinets, type A and B. The manufacturer applies overhead on all units at rate of $80 per machine hour. Production info is this: Type A Type B Anticipated volume (units) 8,000 15,000 Direct material cost

Balancing sheets

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

2 finance questions

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

Comparing Account Types

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