• Q : Determine roi of the additional investment....
    Accounting Basics :

    Required: 1) Determine ROI before the additional investment. 2) Determine ROI of the additional investment. 3) Determine ROI after the additional investment.

  • Q : Minimum annual rent....
    Accounting Basics :

    If the plugs are purchased and the facility rented, Regis Company wishes to realize $100,000 in savings annually. To achieve this goal, what must the minimum annual rent on the facility be? ______

  • Q : Determine the divisional and company net income....
    Accounting Basics :

    1) Determine the divisional and company net income if the transfer price is set at the market price. 2) Determine the divisional and company net income if the transfer price is set at total cost.

  • Q : Partnership basis in assets....
    Accounting Basics :

    Constuct an opening balance sheet for the partnership reflecting the partnership's basis in assets and the fair market value of these assets

  • Q : Regression line representing the firm....
    Accounting Basics :

    On a graph showing the firm's common stock returns on the Y-axis, and market returns on the X-axis, the slope of the regression line represents the firm's:

  • Q : Amount available for distribution from profit sharing pool....
    Accounting Basics :

    If the company earned $45 million of earnings before taxes and had net assets of $100 million, what would be the amount available for distribution from the profit sharing pool?

  • Q : Applied the overhead to the product....
    Accounting Basics :

    Problem: Once we have applied the overhead to the product, what do we do if the applied overhead differs from the amount of actual overhead that was incurred?

  • Q : Concepts of controllable costs....
    Accounting Basics :

    Responsibility accounting systems use concepts of controllable costs to assign responsibility for costs and expenses to ___________

  • Q : Job or process costing system....
    Accounting Basics :

    Which of the following indicates the typical flow of costs in either a job or process costing system?

  • Q : Preferred approach for changes in accounting estimates....
    Accounting Basics :

    Problem 1: Provide some examples of accounting estimates. What is the "preferred" approach for changes in accounting estimates? Problem 2: What is the proper treatment for reporting a change in entity

  • Q : Mathematical profit or loss....
    Accounting Basics :

    Question: Should the factory produce "simple" cola or "Premium" cola (please include all accounting/math steps in answer)?

  • Q : Accounting regulatory bodies....
    Accounting Basics :

    Write a paper in which you examine at least four accounting regulatory bodies and discuss how an organization complies with the standards of the regulatory bodies you selected.

  • Q : Concepts of accrual accounting....
    Accounting Basics :

    Task: An accountant for a company makes the assumptions or performs the activities listed below. Match which of the following concepts of accrual accounting most directly relates to each assumption

  • Q : Deductibility of costs to remodel an office building....
    Accounting Basics :

    Guenther is researching a tax issue involving the deductibility of costs to remodel an office building. He has found several authorities permitting such costs to be deducted, and several others requ

  • Q : Department costs allocated to sales and administration....
    Accounting Basics :

    Assuming 5,840,000 copies were made during the year, 3,040,000 for Sales and 2,800,000 for Administration, calculate the Copy Department costs allocated to Sales and Administration.

  • Q : Accounting issue related to a fixed asset....
    Accounting Basics :

    A fixed asset typically goes through the life cycle of acquisition, usage, and disposal. For each of these stages of the life cycle, discuss one key accounting issue related to a fixed asset the com

  • Q : Internal accounting function....
    Accounting Basics :

    Problem 1: How does the code of professional conduct impact the internal accounting function?

  • Q : Calculate the credit for child and dependent care expenses....
    Accounting Basics :

    During the year, they spend $7,000 for child care expenses that are required so both of them can work outside of the home. Calculate the credit for child and dependent care expenses.

  • Q : Calculating material and labor variances....
    Accounting Basics :

    Star Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat is as follows:

  • Q : Characteristic of a business combination....
    Accounting Basics :

    Task: Which one of the following is a characteristic of a business combination that should be accounted for as an acquisition?

  • Q : Allocating service department costs....
    Accounting Basics :

    Allocate the service department costs to production departments using the direct method. (When calculating the percentage allocation, do not round the answer.)

  • Q : Is the halloween pumpkin includible in gross income....
    Accounting Basics :

    Gene knew that this deal was too good to be true and so he took advantage of the offer before the station owner realized what a giveaway this was. How much should Gene include in his gross income?

  • Q : Different types of receivables....
    Accounting Basics :

    Question 1: Identify the different types of receivables Question 2: Describe the methods used to account for bad debts Question 3: Explain the concept of depreciation.

  • Q : Historical cost as the measures of the investment....
    Accounting Basics :

    Ignoring taxes, if the team earns $3,000,000/year, what is the Return on Investment using net book value and historical cost as the measures of the investment?

  • Q : What is phil and susans agi....
    Accounting Basics :

    The couple's 2008 stock transactions are detailed below. In addition, they have $, 2300 of qualifying dividends. What is Phil and Susan's AGI?

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