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Brannon Company manufactures ceiling fans and uses the activity-based costing system. Each ceiling fan consists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machi
What role does accounting play in the planning, implementation, analysis of CSR in particular and organizational strategies in general?
Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 609,725 units, estimated beginning inventory is 107,791 units, and desired ending inventory is 86,358 units.
Pick any business and with this specific business in mind, discuss some possible "early warning signs" to indicate that this business needs to review its bad debt holdings.
On January 1, 2013, Calloway Company leased a machine to Zone Corporation. The lease qualifies as a direct financing lease. Calloway paid $290,000 for the machine and is leasing it to Zone for $40,0
If Running Corp. can only sell a maximum of 6,000 units of each type of reel, how many of each reel should Running Corp. make in order to maximize net income? Explain your answer fully and show your
If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero profit?
If fixed costs are $259,238, the unit selling price is $112, and the unit variable costs are $63, what is the break-even sales (units)?
Tally & Co. incurred a pretax operating loss of $100,000 in its first year of operations for both financial reporting and income tax purposes. However, it expects to be profitable in the future.
When forming a company, the options are sole proprietor, partnership, and corporation. Most choose corporation. Why is the corporate form seen to be best? What rights do the stockholders have?
Bakers Bagels LLC produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $.020 per unit to produce.
On October 15, 2011, John purchased and placed in service a used car. The purchase price was $25000. This was the only business use asset john acquired in 2011. He used the car 80% of the time for b
Mike Saxon is negotiating the purchase of a business. The final purchase price has been agreed upon, but the allocation of the purchase price to the assets is still being discussed. Appraisals on a
On April 3, 2011, Terry purchased and placed in service a building. The building cost $2 million. An appraisal determined that 25% of the total cost was attributed to the value of the land.
On November 4, 2009, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2009 and 2010, respectively, Blue took $642 and $5128 of cost rec
Western acquires used office machine (seven-tear class asset) on November 2, 2011, for $75000. This is the only asset acquired by western during the year. He does not elect immediate expensing under
GZ Inc. manufactures two products that require both machine processing and labor operations. Although there is unlimited demand for both products, GZ could devote all its capacities to a single pro
Prepare a scattergraph and plot the tons mined and utilities cost. (place cost on the vertical axis and tons mined on the horizontal axis) Fit a straight line to the plotted points using the cost fo
The following data has been taken from the management accounting reports from Spinnaker Sales. Div A -Income from operations $1,800,000 Total service department charges $1,600,000.
The equity of Webster Corporation's balance sheet shows the following.Determine the book value per share of the preferred and common stock under two separate situations.
What are the five basic principles of cash management that a company can follow in order to improve its chances of having adequate cash?
The key criterion for qualifying as a hedge is that the hedging relationship must be highly effective in achieving offsetting changes in fair values or cash flows based on the hedging company's spec
Inform the President of any new internal control requirements if the company decides to go public indelible ink machine for checks.
During 2012, Kimmel Co. incurred average accumulated expenditures of $600,000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2012 was a
Compute the net cash used (provided) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)