• Q : Expected return on the portfolio and the market....
    Accounting Basics :

    If the risk-less rate is expected to be 3% and the market risk premium is 6%, what is the beta of the portfolio, the expected return on the portfolio and the market?

  • Q : Preparing an incremental analysis for the special order....
    Accounting Basics :

    Instructions: 1) Prepare an incremental analysis for the special order. 2) Should Pro Sports Inc. accept the special order? Explain your answer.

  • Q : Conventional costing system....
    Accounting Basics :

    A company makes two products and uses a conventional costing system in which a single plantwise predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the

  • Q : Residual income for the hum division....
    Accounting Basics :

    A. The residual income for the Hum Division last year was: B. The return on investment last year for the Hum Division was:

  • Q : Traditional single-rate costing system....
    Accounting Basics :

    (1). The predetermined overhead rate under the traditional single-rate costing system is closest to: (2). The overhead cost per unit of Product B under the traditional costing system is closest to:

  • Q : Huffman corporation-change in income....
    Accounting Basics :

    A company recently approached Huffman Corporation about buying 200 units for $850. Huffman currently sells the models to dealers for $1,300. Huffman Corporation's capacity is sufficient to produce t

  • Q : Net operating income or loss....
    Accounting Basics :

    1. What is the present yearly net operating income or loss? 2. What is the present break-even point in units and in Swiss franc sales?

  • Q : Estimate a cost formula for manufacturing overhead....
    Accounting Basics :

    Using the high-low method, estimate a cost formula for manufacturing overhead. Express the variable portion of the formula in terms of a variable rate per unit of product.

  • Q : Find the real sales using cpi factors....
    Accounting Basics :

    a. Using the CPI factors find the "real" sales (in millions) b. What is happening to sales in nominal terms? In real terms?

  • Q : Performing transaction analysis....
    Accounting Basics :

    For each of the events a through e, perform transaction analysis and indicate the account, amount, and direction of the effect (_ for increase and _ for decrease) on the accounting equation. Check t

  • Q : Annual tax savings....
    Accounting Basics :

    Prepare a letter to Mr. and Mrs. WG in which you compute and explain the annual tax savings that would result from the described plan.

  • Q : Diverse products-service and business portfolio....
    Accounting Basics :

    Your are looking at ways to maximise profits for your company as a whole and as such, you are investigating different ways to measure the performance of individual managers who each have responsibil

  • Q : Determine the annual unit sales volume....
    Accounting Basics :

    Determine the annual unit sales volume at which Candice Company would be indifferent between the two manufacturing methods.

  • Q : Complete portfolio in the risky portfolio....
    Accounting Basics :

    What should be the dollar values of your positions in X and Y respectively if you decide to hold 40% of your complete portfolio in the risky portfolio and 60% in the treasury bills?

  • Q : Transaction before the onset of the new tax provision....
    Accounting Basics :

    In this environment, I would advise my client to complete the transaction before the onset of the new tax provision, and/or possibly seek remedy by seeking a loophole in the tax law that would circu

  • Q : Users of accounting information in businesses....
    Accounting Basics :

    Q1. Who are the users of accounting information in businesses? Describe each user group. Q2. What are the responsibilities of accountants to each user group?

  • Q : Modern definition of accounting....
    Accounting Basics :

    Question 1. Which of the following is the most appropriate and modern definition of accounting?

  • Q : Prepare a new overhead performance report....
    Accounting Basics :

    Prepare a new overhead performance report that will help the production manager assess efficiency and cost control in the milling department.(include both variable and fixed cost in the report)

  • Q : Evaluating the pros and cons of the special promotion....
    Accounting Basics :

    What other factors should management consider in evaluating the pros and cons of the special promotion?

  • Q : Adopting a lock box system....
    Accounting Basics :

    The bank has estimated that use of the system will reduce collection time by two days. Based on the following information, should the lockbox system be adopted?

  • Q : Total exemption amount subject to maximum reduction....
    Accounting Basics :

    Bob and Jane Kelso file a joint tax return. The couple's AGI averages $500,000. Consequently, their total exemption amount is subject to the maximum reduction.

  • Q : Gain from lawsuit settlement....
    Accounting Basics :

    From the data below, calculate operating income for the year ended December 31, 2008. Extraordinary gain from lawsuit settlement, net of tax expense of $26,000 90,000

  • Q : Optimal risky portfolio....
    Accounting Basics :

    You are informed that one of these portfolios is "optimal risky portfolio". Which of these portfolios should be optimal risky portfolio? Explain Why?

  • Q : Performing a variance analysis....
    Accounting Basics :

    Assess the job that Simon did in "managing" the beef purchase by performing a variance analysis. Comment on your findings.

  • Q : Depreciation expense on bottling machine....
    Accounting Basics :

    In the space below, calculate and record the depreciation expense on this bottling machine for 2009.  Show and label your calculations.

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