• Q : Accounting profits earned by the project....
    Accounting Basics :

    Why must Caledonia focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project?

  • Q : Determining predetermined overhead rate....
    Accounting Basics :

    Budgeted machine hours are 120,000 hours, and budgeted labor hours are 15,000 hours at a rate of $20.00 per hour. Calculate the predetermined overhead rate based on:

  • Q : Accounting for merchandise inventory....
    Accounting Basics :

    The petty cashier could not account for a $2 shortage in the fund. Gannon uses the perpetual system in accounting for merchandise inventory. Prepare:

  • Q : Recommendation of brand features....
    Accounting Basics :

    Give your recommendation of brand features which will support the total product's value.

  • Q : Impact of a business accounting information system....
    Accounting Basics :

    What rules impact a business' Accounting Information System? What kinds of compliance is required?

  • Q : Criteria for obtaining merit pay....
    Accounting Basics :

    Choose and sum up an article on merit pay. Describe the criteria for obtaining merit pay? Do you think that merit pay can be fairly administered?

  • Q : Overhead cost per unit....
    Accounting Basics :

    What overhead cost per unit will you get by using?

  • Q : Rate of return on total assets....
    Accounting Basics :

    Compute Hunters rate of return on total assets in 2012 and in 2011. Did the ratio improve or worsen?

  • Q : Determining value of sgp to sid....
    Accounting Basics :

    The interest rate would remain similar. SGP's pre-merger beta is 2.0, and its post-merger tax rate would be 34%. The risk-free rate is 8% and the market risk premium is 4%. Find out the value of SGP

  • Q : Methods for accounts receivables....
    Accounting Basics :

    How would you explain the entries to record the allowance methods for accounts receivables?

  • Q : Preferred stock or common stock....
    Accounting Basics :

    Write down some of the features added to preferred stock which make it more attractive to investors? Would you choose preferred stock or common stock as an investment? Explain why?

  • Q : Average return in industry....
    Accounting Basics :

    Find out the average five-year average return in each industry.

  • Q : Make a schedule to show cashier embezzled....
    Cost Accounting :

    The Jamison Cardstock Corporation did not spend a lot of time or money instituting proper internal controls over its cash transactions. The following data reflects Jamison's cash position as of June 3

  • Q : Make a bank reconciliation statement....
    Cost Accounting :

    The unadjusted cash account balance for Chang Corporation at December 31, 2009 is $21,342. The bank statement showed an ending balance of $27,350 at December 31, 2009.

  • Q : Make journal entries to record liquidation....
    Cost Accounting :

    The partners of the RichMax Corporation decide to liquidate the firm on DEC 3.

  • Q : Compute partners share of the net income....
    Cost Accounting :

    At the end of the 1st year of operations on 12 DEC, FMR Corporation's accounts show the following:

  • Q : Journalization of admission....
    Cost Accounting :

    On 28 February, partners’ capital balances in the CarmCo partnership are: Alvin, $60,000; Bob $30,000; & Charles $10,000. Income sharing ratio is 2:5:3.

  • Q : Computation of loan amount....
    Cost Accounting :

    A bank loaned dollar 15,000 some at an yearly rate of 16 percent and some at an annual rate of 10 percent. If the income from these loans was dollar 1800, how much was loaned at 10 percent?

  • Q : Determine the collection forecast....
    Cost Accounting :

    Use the information below from a firm's sales for January-June to get a forecast for the collection forecast, including cash sales, for June.

  • Q : Find the amount doubtful accounts....
    Cost Accounting :

    Acme Corporation had a January 1, balance in its Allowance for Doubtful Accounts of $7,000 for the current year. The following transactions & events affected the Allowance for Doubtful Accounts du

  • Q : Calculation of nrv....
    Cost Accounting :

    An analysis & aging of accounts receivable of the Lucille Corporation at December 31, 2007, showed following:

  • Q : Describe the concept of gdp....
    Accounting Basics :

    Describe the Concept of Gross Domestic Product GDP?

  • Q : The value of the random variable....
    Accounting Basics :

    To perform a certain type of Blood examine, technicians must perform two (2) procedures.  The 1st procedure requires either one or two separate steps,

  • Q : Random variable for experimental outcomes....
    Accounting Basics :

    Three (3) students scheduled interviews for summer employment at Brook wood Institute. In every case interview results in either an offer for a position or no offer.

  • Q : Entries for conversion, amortization, and interest of bonds....
    Accounting Basics :

    Counter Corporation issued $1,500,000 of convertible ten year bonds on July 1, 2007. The bonds provide for 12 percent interest payable semiannually on January 1 & July 1.

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