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The company had average operating assets of $500,000 during the period.Compute the company's return on investment using the ROI formula using the ROI forumua state in terms of margins and turnover.
Analysis of stockholders' equity Star Corporation issued both common and preferred stock during 19X6. The stockholders' equity sections of the company's balance sheets at the end of 19X6 and 19X5 fo
A company must decide between scrapping or reworking units that do not pass inspection. The company has 15,000 defective units that cost $5.3 per unit to manufacture.
Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning. For example, six years ago she paid $22,000.
Elton Company issues 7%, 15-year bonds with a par value of $350,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%, which implies a selling price o
More company has two divisions: L and M. During July, the contribution margin in Division L was $60,000. The contribution margin ratio in division m was 40% and its sales were $250,000. Division Ms
Below you will find a series of independent questions involving present value concepts. Show all factors used in present value computations and indicate the table that was used (FV of $1, PV of $1,
McPherson Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $7,020,000 on January 1, 2010.
Randell Company issues 7%, 10-year bonds with a par value of $150,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price
In October, A Company reports 21,560 actual direct labor hours, and it incurs $57,360 of manufacturing overhead costs. Standard hours allowed for the work done is 19,120 hours.
Great Plains Transportation Inc. is considering acquiring equipment at a cost of $246,000. The equipment has an estimated life of 10 years and no residual value.
A Company purchased (at a cost of $17,767) and used 3,058 pounds of materials during May, standard cost of materials per unit produced is based on 2 pounds per unit at a cost $6 per pound.
Montgomery Company purchased an electric wax melter on April 30, 2011, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase.
Fox company has two support departments (S1 and S2) and two producing departments (P1 and P2). Estimated diret costs and percentages f services used by these departments.
There are two types of products, the drivers for product #1 one is setup hours 130 and for product #2 setup hours is 100, setting up equipment is $4750, what is the consumption ratio for product #1
Pnok Company has been purchasing a component, Part Q, for $18.90 a unit. Pnok is currently operating at 70% of capacity and no significant increase in production is anticipated in the near future.
Delta, Inc. is considering the investment of $75,000 in a new machine. The machine will generate cash flow of $16,800 per year for each year of its seven-year life and will have a salvage value of $
July 1. Issued $18,000,000 of five-year, 10% callable bonds dated July 1, 2010, at an effective rate of 12%, receiving cash of $16,675,184. Interest is payable semiannually on December 31 and June 3
Other disbursements: February- Withdrawal of $5,000 cash for personal use of owner, Dwight Yocum The company's cash balance on January 1, 2013 is expected to be $60,000. The company wants to maintai
Sunshine airways provides air transportation services between Philadelphia and Orlando. A single Philadelphia to Orlando round-trip flight has the following operating statistics:
1. Geitner Sports inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $460,000 and the sales mix is 60% bats and 40% gloves.
If steele company, with a break even point at $378,000 of sales, has actual sales of $540,000, what is the margin of safety expessed in dollars and in percentage of sales?
A system of assigning costs to departments and products on the basis of a variety of activities instead of only one allocation base is called?
To provide a basis for selection, the cost accounting department has developed the following data regarding the expected annual operating results for the two proposals.
An examination of customers' accounts shows that accounts totaling $675 should be written off as uncollectible. Using an aging of receivables, the company determines that the ending balance of the A