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Concored manufacturing company uses an activity based costing system, sells 20,000 units per year of Glaxo container at $ 40 each unit level activities cost $ 25 per unit, Facility costs total $ 125
Management has been reviewing company profitablity and is attempting to improve performance through better planning the company manufactures three products in the jewelry line
Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%.
Do you believe that there are too many lawsuits in the United States? If so, do you place more blame for the problem on lawyers or on individuals who go to court? Is there anything that would help t
Indy Sport and Hobby's Allowance for Doubtful Accounts had an unadjusted credit balance of $400. The manager estimates that $900 of the Accounts Receivable is uncollectible.
Gannon Company had the following information at December 31: Finished goods inventory, January 1 - $ 50,000 Finished goods inventory, December 31 - $150,000 Cost of goods manufactured - $2,100,000 S
Chicago consulting group which uses an activit based costing system offers a software training program seminar to companies for $ 12,000 per seminar for 100 students, unit level activity cost $30 pe
Division B uses Division S's product in its operations. It can purchase the units from Division S at $20 per unit, but must pay a $1.50 per unit in shipping costs. Alternatively, Division B can buy
On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $95,250; Allowance for Doubtful Accounts, credit balance of $90
Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
The following information is available about the status and operations for Division B of Bentley Company, which has a minimum required ROI of 20%. Answer each item independently of the others.
You are planning to take a spring break trip to Cancun your senior year. The trip is exactly two years away, but you want to be prepared and have enough money when the time comes.
Why are sales revenue and gross margin so important? how do they influence the probability and value of the organization? how do they affect organization?
Tanner-UNF Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2013. Company management has the positive intent and ability to hold the bonds until matu
Black and White has a cost of equity of 11 percent and a pre-tax cost of debt of 8.5 percent. The firm's target weighted average cost of capital is 9 percent and its tax rate is 35 percent. What is
Impossibilities, Inc. is considering the following investment. For financial reporting purposed the entire initial investment will be depreciation over 5 years by the straight-line method.
Pets & More's cost of equity is 14 percent and its aftertax cost of debt is 5.5 percent. What is the firm's weighted average cost of capital if their percentage of equity financing is 0.75?
$74,000 in goods sold by Mohling with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th
Albright and Company currently has a weighted average cost of capital of 8.6 percent based on a combination of debt and equity financing. The current peercentage debt 0.6
On January 1, 2012 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respectively. During the year the company reported $75,000.
The Perfect Tool company produced 80,000 saw blades during the year. It took 1.5 hours of labor per blade at a rate of $8.50 per hour. However, its standard labor rate is $8.00 Its labor efficiency
Prepare summary journal entries to record the month's sales and cost of those sales. (If no entry is required for a particular event, select "No journal entry required" in the first account field.)
Alameda Service Center just purchased an automobile hoist for $15,300. The hoist has a 5-year life and an estimated salvage value of $1,199. Installation costs were $3,080, and freight charges were
Krammer Company has liabilities equal to one fourth of the total assets. Krammer's owner's equity is $45,000. Using the accounting equation, what is the amount of liabilities for Krammer?
Bob Johnson is the sole owner of Johnson's Carpet Cleaning Service. Bob purchased a personal automobile for $10,000 cash plus he took out a loan for $20,000 in his name. Describe how this transactio