• Q : Data from its activity-based costing system....
    Accounting Basics :

    The product sells for $129.90 per unit. According to the activity-based costing system, the product margin for product S78N is: A. $4,116.50 B. $29,132.50 C. $6,180.50 D. $5,161.30.

  • Q : What was the corrected net income amount....
    Accounting Basics :

    At the end of 2013, an error was made in the physical count of inventory at Carter Corporation, which resulted in ending inventory being overstated by $10,000. State whether the following amounts we

  • Q : What amount per unit should product....
    Accounting Basics :

    The estimated cost to dispose of a unit is $4, and the normal profit is 40%. At what amount per unit should product PQWR213 be reported, applying lower-of-cost-or-market?

  • Q : Explain vertical and horizontal analysis....
    Accounting Basics :

    The Following is an example of: Cash AMOUNT $300000 % 6.0 , Accounts receivable AMOUNT 500,000 % 10.0, Inventory AMOUNT 800,000 % 16.0, Long-term assets AMOUNT 3,400,000 % 68.0 Total assets AMOUNT $

  • Q : How much money would you have to deposit....
    Accounting Basics :

    How much money would you have to deposit now in a savings account earning 5 percent APR, compounded monthly, to pay the $3,000 bill in two years?

  • Q : How will the purchase of inventory....
    Accounting Basics :

    Assuming a current ratio of 1.0, how will the purchase of inventory with cash affect the ratio? A. increase the current ratio B. no change to the current ratio C. decrease the current ratio D. coul

  • Q : The physical count of inventor....
    Accounting Basics :

    At the end of 2013, an error was made in the physical count of inventory at Carter Corporation, which resulted in ending inventory being overstated by $10,000.

  • Q : How much of the companys sales are provided....
    Accounting Basics :

    The company's management would like to hold its fixed costs constant but shift its sales mix so that 62% of its revenue comes from the delivery of non-standardized boxes and the remainder from pouch

  • Q : What are proceeds of the issue if investors discount....
    Accounting Basics :

    What is total amount of interest expense incurred over course of the bond? Why is this the same or different from the total in extra problem 1?

  • Q : What is total amount of interest expense incurred....
    Accounting Basics :

    For a $100,000 face value bond issued April 1, 2014 for Ritzy Diner, with 14% stated annual interest rate, paying interest semi-annually, with a two year maturity, with interest payments at end of l

  • Q : What was the net sales figure....
    Accounting Basics :

    Garber plumbers offers a 20% trade discount when providing $2000 or more of plumbing services to its customers. In march 2012, garber provided $4000 of plumbing services to red oak, inc. and $1500 o

  • Q : Determine the straight-line method of amortization....
    Accounting Basics :

    On February 1, 2013, Fox Corporation issued 9% bonds dated February 1, 2013, with a face amount of $200,000. The bonds sold for $182,841 and mature in 20 years.

  • Q : The effective interest rate method of amortization....
    Accounting Basics :

    On April 1, 2011, Warm Universe issued 8% bonds dated April 1, 2011 with a face amount of $10,000,000. The bonds mature in 2030 (20 years). Interest is paid semi-annually on September 30 and March 3

  • Q : Calculate the budgeted sales revenue....
    Accounting Basics :

    Bamboo You, Inc. This company manufactures bamboo picture frames that sell for $23 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot. Each frame takes approximately 18 mi

  • Q : Determine the parameters of the make cost function....
    Accounting Basics :

    Mail.com, a leading provider of internet messaging outsourcing services, has offered to host BKF.com's email function for $11.40 per mailbox.

  • Q : The records of burke corporation....
    Accounting Basics :

    Gilman Company purchased 100,000 of the 250,000 shares of common stock of Burke Corporation on January 1, 2009, at $40 per share as a long-term investment.

  • Q : Determine overall breakeven point for the company....
    Accounting Basics :

    Rhino's Landscaping sells a quality brand of hoes, shovels, and rakes in a sales mix of 2:4:2 (25%, 50%, 25%).  The company's fixed costs are $61,000.

  • Q : Compute the basic earnings per share....
    Accounting Basics :

    Current dividends have been paid. No preferred stock issued during 2013. 7. 8% convertible preferred stock outstanding on January 1, 2013: 800 shares.

  • Q : Determine the overhead from both production departments....
    Accounting Basics :

    Determine the overhead from both production departments allocated to each unit of Product A if the company uses a multiple department rate system.

  • Q : What is the payback period for this project....
    Accounting Basics :

    What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800, and $4,500 a year over the next four years, respectively?

  • Q : Calculate the present value of the future cash flows....
    Accounting Basics :

    The management of California Corporation is considering the purchase of a new machine costing $400,000. The company's desired rate of return is 10%.

  • Q : List the accounts in the proper order....
    Accounting Basics :

    Treetop Corp. makes irrigation sprinkler systems for tree nurseries. Ramsey Roe, Treetop's new controller, can find only the following partial information for the past year.

  • Q : What is the financial statements....
    Accounting Basics :

    Short Company purchased as an available-for-sale investment, 20,000 shares (15% of the outstanding voting shares) of Daniel Corporation's $ 1 par value common stock at a cost of $50 per share.

  • Q : What is the npv of this investment....
    Accounting Basics :

    Muncy, Inc., is looking to add a new machine at a cost of $4,133,250. The company expects this equipment will lead to cash flows of $817,822, $863,275, $937,250, $1,019,610, $1,212,960, and $1,225,0

  • Q : Why will you decide to not use certain instruments....
    Accounting Basics :

    Identify the savings (investment) instruments you use or have used in the past (if you haven't used any, identify those that you are most likely to use).

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