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Wind Bicycle company sold 500 bikes in december 2003. The selling price was $500 per unit, the variable expenses were #300 per unit. Wind incurred a total of $80000 fixed expenses for the month.
Prepare the statement of cash flow operating section only for Tire Corp. as of December 31, 2013 based on the following comparative balance sheet and supplemental information.
Supernormal growth:suppose a firm's expected dividends for the next three years are as follows: d1= $1.10, d2 = $1.20 and d3 = $1.30. after 3 years, the firm's dividends are expected to grow at 5% p
If Thomson Company did not issue any bonds payable during the year and its bonds payable account decreased by $200,000 over the course of a year, then this amount would be shown on the company's sta
Investment, Inc. is authorized to issue 500,000 shares of $5 par common stock and 100,000 shares of $20 par preferred stock. On July 14th, 2012 Investment, Inc. issued 7,500 shares of preferred stock
The Calgary Eskimos play in the Canadian Hockey League. Although the Eskimos will soon be moving to a modern arena, management is studying the possibility of expanding the team's present facility to
Consider the following independent jobs. Overhead is applied in Department 1 at the rate of $6 per direct labor hour. Overhead is applied in Department 2 at the rate of $8 per machine hour.
Calculate Apple's Weighted Average Cost of Capital. Show the components of cost of debt capital and cost of equity capital. Use the following in your calculation
The Phoenix Kings of the United Basketball League have a moody center by the name of Orlando Dawkins. Dawkins is under contract with the team and is scheduled to earn $650,000 in both 20X3 and 20X4.
Prepare a forecasted income statement for Apple for years 2014 - 2018. Use the Apple 10-k as of September 28, 2013 as your base starting point. Document your assumptions.
Raw materials, which consist mainly of high-cost electronic components, are kept in a locked storeroom. Storeroom personnel include a supervisor and four clerks. All are well trained, competent, and
A department store has budgeted sales of 12,000 men's suits in September. Management wants to have 6,000 suits in inventory at the end of the month to prepare for the winter season.
Type your quesA company's current net operating income is $17,200 and its average operating assets are $95,000. The company's required rate of return is 15%.
Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $3 thousand. The market price of common stock at the end of Year 2 was $7.13 per share.
If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?
The Finney Company is reviewing the possibility of remodeling one of its showrooms and buying some new equipment to improve sales operations.
In a visit to a used car dealer, kim found a four year old eclipse in mint condition for $7,000. Kim has advertised and found that she can sell the Labaron for only $3,000. if she buys the eclipse,
Assuming that the Morocco Desk Co. purchases 6,000 feet of lumber at $6.00 per foot and the standard price for direct materials is $5.00, the entry to record the purchase and unfavorable direct mate
When deciding on what costs to capitalize what type criteria should you use? Select a type of asset classification (i.e. land, building, equipment, etc.) and discuss what costs would be capitalize
A company's required rate of return on capital budgeting projects is 15%. The company is considering an investment which would yield a cash flow of $20,000 in five years. What is the most that the
Corp X has a single facility that it uses for manufacturing, sales, and administrative activities. Should the company's building depreciation charge be expensed in its entirety or is a different ac
A company has a decision to make between two investment alternatives. The company requires a 10% return on investment. Predicted data is provided below:
Zeflax manufactures plastic bottles for bikes that the company sells for $4.00 per bottle. Last year the company produced 230,000 bottles and soled 200,000 bottles.
You transferred any unused bond proceeds to the Debt Service Fund and returned unused grant dollars to the Federal government. Record the related journal entry(-ies).
At the end of the current year, acutual manufacturing overhead incurred $1,258,300 and manufacturing overhead was absorbed by $184,800.what is the budgeted variable overhead rate per direct labor ho