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    Management Accounting

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    Managerial accounting

    What is a brief explanation of how a general ledger is used in a bookkeeping system?

    Managerial accounting: Insurance Expense

    Please help with the following problem. Stone Works Tile Shop purchased two years of insurance coverage for its retail shop on July 1, 2004 iao of $3,600. Stone Works recorded the prepayment as an asset. Stone Works prepares its adjusting entries at year end December 31. What adjusting journal entry is necessary at Dec 31

    Cost-allocation problem

    The pizza parlor manager, Joe, purchases $100 rack to hold small bag of peanuts. The bag costs 24c, Joe will sell it for 40c. If he sells 50 bags a week, it will take him 12 1/2 weeks to cover the cost of bag. After that Joe thinks he will have clear profit of 16c a bag. Cost-allocation experts tell Joe that this rack is cos

    Working Capital and Short-Term Financing Techniques

    22. What is the cash conversion cycle for a firm with a receivables period of 40 days, a payables period of 30 days, and an inventory period of 60 days? A) 10 days B) 50 days C) 70 days D) 130 days 23. What is the cash conversion cycle for a firm with $3 million average inventories, $1.5 million average account

    Cost per session, target price, ROI

    Please see the attached file. --- Roxy's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digitally recorded tape of the performance, and a professional music producer/mixer. Anticipated annual volume is 1,000 sessions. The company has invested $2,

    Cost per unit, target selling price

    Please see the attached file. --- Selleck Corporation makes a commercial-grade cooking griddle. The following information is available for Selleck Corporation's anticipated annual volume of 30,000 units. Per Unit Total Direct materials $17 Direct labor $ 8 Variable manufacturing overhead $11 Fixed man

    4 managerial accounting questions

    Chocolate Candies Company produces chocolate candy in large quantities. They have two departments, a Mixing department and a Packaging department. The manufacturing costs in the Mixing department during December were: Direct Materials Added $

    Activity cost pools, cost driver

    Please see the attached file. --- Galavic Corporation manufactures snowmobiles in its Blue Mountain, Wisconsin plant. The following costs are budgeted for the first quarter's operations. Machine setup, indirect materials $ 4,000 Inspections 16,000 Tests 4,000 Insurance, plant 110,000 Engineering design

    Managerial Accounting Exercises / Problems

    Please refer to attached Word Document for Instructions. --- Problem 1. The following monthly budgeted data are available for a wholesale company: Product L Product Z Product C Sales $400,000 $200,000 $800,000 Variable expenses 240,000 140,000 640,000 Contribution margin $160,000 $ 60,000 $160,000

    Operating cycle and cash conversion cycle

    I am racking my brain trying to figure out the attached problem and I am in need of some help! If you could give a detailed explaination to each of your steps it would be most appreciated.

    Acme Corp is a company in Florida...

    Acme Corp is a company in Florida. Management is concerned because as their sales have grown, their cash flow has shrunk. Management doesn't understand how this could happen and has approached your team to find a solution for this dilemma. Part I Calculate the following: (from attached excel doc) 1. Inventory conversion per

    Cash Conversion Cycle

    Cash conversion cycle Problem . Kolan Inc. has annual sales of $36,500,000 ($100,000 a day on a 365-day basis). On average, the company has $12,000,000 in inventory and $8,000,000 in accounts receivable. The company is looking for ways to shorten its cash conversion cycle (calculated on a 365-day basis)

    Managerial accounting

    1.) Contrast and compare the effectiveness of income generation versus expense reduction in creating profitable business. 2.) Should sales quota standards be tied to financial reports? Why or why not? If so, how closely?

    Cost Management Systems - Peoria Implements

    Peoria Implements Company produces farm implements. Peoria is in the process of measuring its manufacturing costs and is particularly interested in the costs of the manufacturing maintenance activity, since maintenance is a significant mixed cost. Activity analysis indicates that maintenance activity consists primarily of main

    Calculating conversion period, deferral period, operating cycle

    I need help with the attached sheet. Calculate the following: Inventory conversion period Payables deferral period Receivables conversion period Operating cycle Cash conversion cycle (cash gap) Additionally, If the company's cost of funds is 8%, what is the annual cost of financing the cash gap?

    Managerial Accounting Problems for Cosgrove, Perrson, Iron Decor

    Please refer to the attached file. Managerial Accounting 560 Problem 1 Cosgrove, Inc., is a wholesaler that distributes a single product. The company's revenues and expenses for the last three months are given below: Cosgrove Company Comparative Income Statement For the Three Months Ended June 30

    Cash conversion cycle

    A firm is considering the following changes: increasing inventory variety which will increase average inventory by $10,000, and offering more liberal sales terms which will result in average receivables increasing to $65,000. These actions are expected to increase sales to $800,000 per year, and cost of goods will remain at 75

    Managerial Accounting and Metrics

    I am doing a power-point presentation of managerial accounting. One of the problems that is stumping me is: A few slides that might suggest certain metrics to monitor, how they are obtained, and whey they would be important.

    Question about Functions of Managerial accounting

    Operations deals with how the company is performing. Operations may be refined into different manufacturing processes such as design, materials procurement, assembly, testing and so on. A VP of operations has asked you to make a presentation at the weekly status meeting on how to improve the efficiency and effectiveness of e

    Xtreme Toys-cash conversion cycle Calculate the following: i. Inventory conversion period ii. Payables deferral period iii. Receivables conversion period iv. Operating cycle v. Cash conversion cycle (cash gap) vi. If the company's cost of funds is 8%, what is the annual cost of financing the cash gap.

    Calculate the following: i. Inventory conversion period ii. Payables deferral period iii. Receivables conversion period iv. Operating cycle v. Cash conversion cycle (cash gap) vi. If the company's cost of funds is 8%, what is the annual cost of financing the cash gap.

    Allocation to the customer support activity cost

    Diehl Company uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Manufacturing overhead $480,000 Selling and admin. expenses $100,000 Total $580,000 Distribution of resource consumption:

    Bergeron Inc: Calculate the conversion cost and prime cost

    Use the following to answer questions 39-40: Bergeron Inc. reported the following data for last year: Work in process inventory, beginning $100 Work in process inventory, ending $150 Finished goods inventory, beginning $180 Finished goods inventory, ending $200 Direct labor cost $300 Direct materials cost $500 Manu

    Unit Product Cost - Variable Costing

    Use the following to answer question 41: The following data were provided by Green Enterprises for the most recent period: Units in beginning inventory -0- Units produced 8,000 Units sold 6,000 Variable costs per unit: Manufacturing $15

    Unit cost for each of the two products using activity-based costing.

    Determine the unit cost for each of the two products using activity-based costing (See attached file for full problem description) --- 4-26 Activity-based costs VG Company has identified the following cost pools and cost drivers: Cost Pools Activity Costs Cost Drivers Machine setup $360,000 6,000 setup

    Managerial Economics: Graph profits and marginal profits

    Q: 0 1 2 3 4 5 6 7 8 TP: $0 19 52 93 136 175 210 217 208 Given the above data, discuss the relationships between total, average, and marginal profits. Graph both total profits as well as average and marginal profits. How is this information applicable in practice?

    Calculate cash conversion cycle

    Cash Conversion Cycle. Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm: Income statement data: Sales 5,000 Cost of goods sold 4,200 Balance sheet data: Beginning of year End of year Inventory