• Q : Determine the net present value of the proposed mining....
    Accounting Basics :

    Renfree Mines, Inc., owns the mining rights to a large tract of land in a mountainous area. The tract contains a mineral deposit that the company believes might be commercially attractive to mine an

  • Q : What is the relation....
    Accounting Basics :

    A trader gives a discount of r% and still makes a profit of r%. A second trader marks up his goods by r% and gives a discount of r%. What is the relation between A & B.

  • Q : To buy a new machine for putting icing....
    Accounting Basics :

    The bakery estimates that it will cost $12,000 per year to operate the new machine. The present manual method of putting toppings on the pastries costs $32,000 per year.

  • Q : Compute the new machines net present value....
    Accounting Basics :

    Compute the new machine's net present value. Use the incremental cost approach. (Negative amount should be indicated by a minus sign.

  • Q : How might such redistribution affect total output and growth....
    Accounting Basics :

    Should the government try to equalize incomes more by raising taxes on the rich and giving more money to the poor? How might such redistribution affect total output and growth?

  • Q : What is the distance run....
    Accounting Basics :

    A, B and C start running simultaneously from the points P, Q and R respectively on a circular track. The distance (when measured along the track) between any two of the three points P.

  • Q : Find the ratio of the area of the triangl....
    Accounting Basics :

    Two circles touch each other externally. One of the circles is 300% more in area than the other. If A is the centre of the larger circle and BC is the diameter of the smaller circle and either AB or

  • Q : The companys policy to maintain a finished goods....
    Accounting Basics :

    The finished goods inventory on hand on December 31, 2012 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quar

  • Q : Find the height at which the top end of the ladder touches....
    Accounting Basics :

    A cube of edge 12 ft is placed on the floor with one of its faces touching a wall. A ladder of length 35 ft is resting against that wall and is touching an edge of the cube.

  • Q : Determine the manhattan fashions incremental profit....
    Accounting Basics :

    Manhattan Fashions, Inc., a high-fashion dress manufacturer, is planning to market a new cocktail dress for the coming season. Manhattan Fashions supplies retailers in the east and mid-Atlantic stat

  • Q : Prepare a merchandise purchases budge....
    Accounting Basics :

    At March 31 Streuling Enterprises, a merchandising firm, had an inventory of 38,000 units, and it had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the nex

  • Q : Determine the actual cost for catering supplies....
    Accounting Basics :

    Sissac Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $610 per month plus $110 per job

  • Q : What is the amount of cash received by the seller....
    Accounting Basics :

    A sales invoice included the following information: merchandise price, $5,000; delivery expense, $300; terms 1/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of $600

  • Q : What would her average tax rate be....
    Accounting Basics :

    Suppose Mindy Simmons earned $75,000 in 2010. Using the table above, what would her total tax payment be? What would her average tax rate be? Please round your answer to the nearest 10th of a perce

  • Q : Calculate stephens net income....
    Accounting Basics :

    During 2009, Stephens Corporation had an increase in total assets of $70,000 and an increase in total liabilities of $90,000. Assuming that capital stock increased.

  • Q : How variable costing income be greater for the supplier....
    Accounting Basics :

    A supplier of aircraft parts to an aircraft manufacturer has noticed an increase in inventory. As a result of this, will absorption costing or variable costing income be greater for the supplier?

  • Q : Describe the certain control activities....
    Accounting Basics :

    Some years ago Starbucks corporation accused an employee and her husband for embezzling $3.7 million by billing the company for services from a fictious consulting firm.

  • Q : An innovative automobile transmission for electric cars....
    Accounting Basics :

    Nascar Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending inventory for the first quarter will be 37,500 units.

  • Q : Determine the issue price of the bonds....
    Accounting Basics :

    On march 1,2013 Pyne Furniture co. issued $700,000 of 10% bonds to yield 8%. interest is payable semiannually on Feb 28 a of nd august 31. the bonds mature in ten years. pyne furniture co is a cale

  • Q : Explain the npv of the project....
    Accounting Basics :

    What is the NPV of the project?Should the project be undertaken?Stanley Company has obtained the following information about a proposed project:

  • Q : What is the direct materials quantity variance....
    Accounting Basics :

    The following information is available for Maher Manufacturing Company. -- Direct materials price standard is $3.25 per pound. -- Direct materials quantity standard is six pounds per finished unit

  • Q : How large would the annual net cash inflows....
    Accounting Basics :

    How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?

  • Q : Compute the operating income for the olive....
    Accounting Basics :

    Better Food Company recently acquired an olive oil processing company that has an annual capacity of 2,000,000 liters and that processed and sold 1,400,000 liters last year at a market price of $4 p

  • Q : Determine the amount of factory overhead....
    Accounting Basics :

    Calculate the amount of factory overhead to be allocated to each unit using direct labor hours. Round your answer to two decimal places, if necessary.

  • Q : What is needed for an auditor to understand clients....
    Accounting Basics :

    What is needed for an auditor to understand clients' business processes and accounting systems? What type of computer information system is used at your employer's organization?

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