• Q : Behavioral implications of top-down approach....
    Accounting Basics :

    Why do you think budget B has low costs and high sales forecasts? What are the behavioral implications of this top-down approach?

  • Q : Motivational aspects of establishing a standard....
    Accounting Basics :

    Which alternative do you support? Consider the motivational aspects of establishing a standard and explain the reasons for your choice.

  • Q : Difference between the estimated and final billings....
    Accounting Basics :

    Perry offered the following explanations for the difference between the estimaed and final billings.

  • Q : Calculate the materials price and usage variances....
    Accounting Basics :

    A. Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity. B. Calculate the materials price and usage variances. I

  • Q : Temporarily restricted net assets in year one....
    Accounting Basics :

    How much should be shown as increases as Temporarily Restricted Net Assets in Year One?

  • Q : Settlement of the estate....
    Accounting Basics :

    At the time of death, the estate included 1,400 shares of Walmart stock, $25,000 cash in the savings account. What would the son have received from the settlement of the estate?

  • Q : Determining the total overhead cost....
    Accounting Basics :

    Determine the total overhead cost that would be assigned to each of the products listed above in the activity-based costing system.

  • Q : Purpose of the dividend received deduction....
    Accounting Basics :

    What is the purpose of the dividend received deduction? What corporations are entitled to claim this deduction? What dividends qualify for this deduction?

  • Q : What is the value of the taxable estate....
    Accounting Basics :

    The estate of Bobbi Jones has the following provisions: total value of estate assets $2,000,000, amount specified to convey to a spouse $1,000,000, amount specified to convey to children $200,000, t

  • Q : Implications of fasb statement....
    Accounting Basics :

    In an article in Business Week prior to FASB No. 87, it was reported that the discount rates used by the largest 200 companies for pension reporting ranged from 5% to 11%. How can such a situation e

  • Q : Reporting payroll taxes in the united states....
    Accounting Basics :

    Problem: Describe employer responsibilities for reporting payroll taxes in the United States. Where applicable reference the form to be filed for each tax.

  • Q : Economic cost-benefit analysis....
    Accounting Basics :

    Perform an economic cost/benefit analysis on one of the following issues. You must have both 2-3 costs and benefits and conclude whether a net benefit or cost exists.

  • Q : Tax reform 2010....
    Accounting Basics :

    The President Obama is considering to propose "Tax Reform Act 2010" to stimulate slow economy. The president appointed you as a member of the " Committee for Tax Reform Act 2010".

  • Q : Probable role of the monthly report....
    Accounting Basics :

    a. What is the probable role of the monthly report? b. What is the controller's responsibility with respect to a president who doesn't know much accounting?

  • Q : Accumulating investment....
    Accounting Basics :

    Part (A) Compute the amount that a $30,000 investment today would accumulate at 10% (compound interest) by the end of 6 years.

  • Q : Distribution of both common and preferred stock....
    Accounting Basics :

    Based on the following information, illustrate the distribution of both common and preferred stock dividends based on these two scenerios:

  • Q : Operating activities section-statement of cash flow....
    Accounting Basics :

    Prepare the operating activities section of the statement of cash flows based on the following information for A Company:

  • Q : Implied price per share of funding round....
    Accounting Basics :

    How many shares must the venture capitalist receive to end up with 20% of the company? What is the implied price per share of this funding round?

  • Q : Calculate the cost of job....
    Accounting Basics :

    Consider Job 332, an order for 100,000 sales catalogs for the local mall. Actual direct material costs for this job are $10,000 and actual labor costs are $6,000. Calculate the cost of Job 332

  • Q : Ending balance in the work-in-progress account....
    Accounting Basics :

    1. Compute the total cost for Job M1 2. 1,500 pipers were produced for Job M1. Calculate the cost per pipe. 3. Prepare the journal entry transferring Job M1 to finished goods. 4. What is the ending ba

  • Q : Opportunity cost of capital and capital budgeting....
    Accounting Basics :

    Create a 10-20 slide PowerPoint presentation describing what you have learned from each chapter of this course so far. Be creative! Lesson 1: Introduction; the Nature of Costs. Lesson 2: Opportunity

  • Q : Report an accrued pension cost....
    Accounting Basics :

    The market-related asset value equals the fair value of plan assets. Prior contributions to the defined benefit pension plan equaled the amount of net periodic pension cost accrued for the previous

  • Q : Calculate cost of new preferred stock....
    Accounting Basics :

    Flotation costs for new common stock are $3.00 per share. M & M will have $3,600,000 of earnings available for new investments (within the firm). The company's marginal tax rate is 40%. Calculat

  • Q : Warranty expense balances....
    Accounting Basics :

    Q1. Under the expense warranty treatment, give the entries to reflect the above transactions (accrual method) for 2006 and 2007. Q2. Under the cash basis method, what are the Warranty Expense balances

  • Q : Computing the total budgeted costs....
    Accounting Basics :

    State the formula for computing the total budgeted costs for the Ironing Department.

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