Please Help Solve this problem Thank You Capture</a

Question

Please Help Solve this problem, Thank You,

The following information pertains to La Gorge’s Donut Store Co. :

  • One-fourth of each store’s direct fixed expense would continue if either store was closed.
  • La Gorge’s Donut Store Co. allocates common fixed expenses to each location on the basis of sales dollars.
  • Management estimates that closing the store in Canton would result in a 10% decrease in the Livonia store’s sales, while closing the Livonia store would have no effect on the canton’s Store’s sales.

Required:

a. Management believes that the Canton store should be closed since it is operating at a loss. Do you support management’s belief? Why or why not?

b. Should management consider closing the Livonia store rather than the Canton store? why or why not?

c. La Gorge’s Donut Store Co. is considering a special promotional campaign at the Canton store. They expect a $6,000 monthly increase in advertising expenses to generate a 10% increase in the store’s sales volume. The campaign would not affect the Livonia store in any way. What effect would the promotion have on La Gorges’s Donut Store Co. monthly income? Should the campaign be implenented? why or why not?

d. Half of the Canton Store’s dollar sales come from items that are sold at variable cost to attract customers to the store. Managers are considering deleting those items from the product mix. Doing so would reduce the Canton Store’s direct fixed expense by 15% but would also reduce the remaining sales volume result by an additional 20%.There would be no effect on the Livonia store. Should management implement this change in the product mix? why or why not?

Managerial Accounting

Kubin Company’s relevant range of production is 21 000 to 25 000 units When it produces and sells 23 000 units

Question

Kubin Company’s relevant range of production is 21,000 to 25,000 units. When it produces and sells 23,000 units,

its average costs per unit are as follows:

Average Cost per Unit Direct materials $8.10 Direct labor $5.10 Variable manufacturing overhead $2.60 Fixed manufacturing overhead $6.10 Fixed selling expense $4.60 Fixed administrative expense $3.60 Sales commissions $2.10 Variable administrative expense $1.60

1. Assume the cost object is units of production:

a. What is the total direct manufacturing cost incurred to make 23,000 units?

b. What is the total indirect manufacturing cost incurred to make 23,000 units?

2. Assume the cost object is the Manufacturing Department and that its total output is 23,000 units.

a. How much total manufacturing cost is directly traceable to the Manufacturing Department?

b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?

3. Assume the cost object is the company’s various sales representatives. Furthermore, assume that the company spent $82,800 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company’s sales representatives’ compensation.

a. When the company sells 23,000 units, what is the total direct selling expense that can be readily traced to individual sales representatives?

b. When the company sells 23,000 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?

A
B
C
D
E
F
G
H
K
1
a. What is the total direct manufacturing cost incurred to make 23,000 units?
direct manufacturing cost=(Direct labor+Direct materials)*23000
303600
fx=(8.1+5.1)*23000
b. What…
Managerial Accounting

On December 31 20X5 Gretta Inc which reports its financial results in accordance with IFRS had an investment

Question

On December 31, 20X5, Gretta Inc., which reports its financial results in accordance with IFRS, had an investment

at FVOCI-elect in Gidget Corp. Gretta initially paid $13,000 for the investment. Its fair value at December 31, 20X5, was $14,000. On February 15, 20X6, Gretta sold its investment in Gidget for $14,600. Gretta’s policy is to transfer previouslyunrealized holding gains and losses to retained earnings when the investment is derecognized.

What is the journal entry to record the sale of the investment in Gidget?

Financial Accounting

Upriver Parts manufactures two products V1 and V2 at its River Plant Selected data for an average month for

Question

Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an average month for

the two products follow.

V-1V-2Units produced 10,000 1,000 Direct materials cost per unit$2 $4 Machine hours per unit 1 2 Production runs per month 80 40

Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant follow.

Machine depreciation$96,000 Setup labor 42,000 Material handling 19,200 Total$157,200

Exercise 9-38 (Algo) Activity-Based Costing and Cost Driver Rates (LO 9-4)

Required:

a. Upriver currently applies overhead on the basis of machine hours. What is the predetermined overhead rate for the month? (Round your answer to 2 decimal places.)

b. Upriver is thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: machine hours for machine depreciation, production runs for setup labor, and direct material dollars for material handling. Compute the cost driver rates for the proposed system at Upriver. (Round Machine depreciation answer to 2 decimal places.)

Cost Accounting

Write a

800-1,000
word paper
on the following topic:

Compare and

1 Running head: FINANCE. Title:
Name:
Institution: 2 The accord of financial accounting is that it reports past results utilizing recorded cost
accounting. Financial accounting is in reverse…
Business

Assist for a better understanding and process in detail for solution of questions below Jenn

Question

Assist for a better understanding and process in detail for solution of questions below:

Jenn

is looking to set up a savings account for an investment. She has $15,000 to invest and have found (2) options for the investment that she is seeking.

I. A bank account that pays 3.25% interest compounded semi-annually.

II. A bank account that pays 3% interest compounded monthly.

a. Which option will result in the largest future value of the investment at the end of (10) years if she invest $15,000 without adding any additional funds to the account?

b. Which option will result in the largest amount of interest at the end of (10) years if she invest $10,000 without adding any additional funds to that account?

Financial Accounting

Completely lose need help!Need for External Financing To increase production

Question

Completely lose…need help!

Need for External Financing To increase production

capacity by 25%, a $500,000 investment is required. The firm wants to maintain a 20% debt-to-asset ratio, and continue to pay 40% of income as dividends. Net Income was $2 million.

A. How much External Financing is needed?

B. How much new Debt must they Issue?

New debt required = (New investment)(Debt ratio)

Financial Accounting

1 Basically job order is customordered items from a customer Then why is it necessary to keep up with all

Question

1. Basically, job order is custom-ordered items from a customer. Then why is it necessary to keep up with all

costs when an estimate has been given before the job is taken?

2. Can a business use both process and job order costing?

3. Which of the three methods for allocating factory overhead cost to products is better? Why?

4.Which of the three methods for allocating costs of products can lead to significant product cost distortions? Why?

Managerial Accounting

At 31 December 2012 the capital section of the business plc’s balance sheet showed on ordinary capital of

Question

At 31 December 2012 the capital section of the business plc’s balance sheet showed on ordinary capital of

10,000,000 equity shares of 25p , and a share premium account of £1000,000 on 30 June the business plc made a 1 for 8 bonus issues, using the share premium account. Calculate the balance on the share premium account of the business plc as 31 December 2013

Managerial Accounting

The decisionmaking authority assigned to managers within the different responsibility centers (cost profit and

Question

The decision-making authority assigned to managers within the different responsibility centers (cost, profit and

investment) will differ based on the type of center because the role of management’s responsibilities also differs. Therefore, the accounting information required for planning, control, and performance evaluation differs according to the nature of these responsibilities.

Managerial Accounting

Your firm needs a machine which costs $200 000 and requires $35 000 in maintenance for each year of its 5 year

Question

Your firm needs a machine which costs $200,000, and requires $35,000 in maintenance for each year of its 5 year

life. After 3 years, this machine will be replaced. The machine falls into the MACRS 5-year class life category. Assume a tax rate of 30% and a discount rate of 14%. If this machine can be sold for $20,000 at the end of year 5, what is the after tax salvage value?

Financial Accounting

Question

You are required to complete a summary of the article below. The article is attached and you need to
Running Head: SUMMARY 1 Summary Summary 2 Summary
This paper summarizes the article of Investigating the Relationship between Managerial
Accounting Control Orientation and Organizational…
Business

1 Why is decentralized management used when the managers usually don’t have the experience or training?2

Question

1. Why is decentralized management used when the managers usually don’t have the experience or training?

2.

What is the best type of responsibility accounting center and why?

3. Why is lean, manufacturing considered made-to-order, custom-order, short, or lean manufacturing?

4. Why does lean manufacturing emphasize product-oriented layout, whereas traditional manufacturing disregards setup time as an improvement priority?

Management

1/Gilkey Corporation began the year with retained earnings of $310 000 During the year the company issued

Question

1/Gilkey Corporation began the year with retained earnings of $310,000. During the year, the company issued

$420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000. If Gilkey’s ending retained earnings was $330,000, what was the company’s revenue for the year?

A.$1,720,000

B.$1,220,000

C.$1,300,000

D.$1,640,000

2/A local retail shop has been operating as a sole proprietorship. The business is growing and now the owner wants to incorporate. Which of the following is not a reason for this owner to incorporate?

3/Kilmer Corporation began 2022 with total stockholder’s equity of $1,270,000, including retained earnings of $930,000. During the year, the company issued $1,260,000 of common stock, recorded expenses of $3,600,000, and paid dividends of $240,000. If Kilmer’s ending retained earnings was $990,000, what was the company’s revenue for 2022?

A.$4,920,000

B.$5,160,000

C.$3,900,000

D.$3,660,000

Financial Accounting

After completing his Bachelor of Business (Accounting) degree Jamie secured a permanent position as

Question

After completing his Bachelor of Business (Accounting) degree, Jamie secured a permanent position as

an assistant accountant. Jamie’s financial plan is to retire in 30 years from now. So, he is thinking about creating a fund that will allow him to receive $32,000 at the end of each year for 25 years after his retirement. He is expecting to earn 6.75% per annum during the 25-year retirement period.

Required:

a.
To provide the 25- year, $32,000 a year annuity, calculate how much should be in the fund account when Jamie retires in 30 years.

b. How much will Jamie need today as a single amount to provide the fund calculated in part

(a) if he earns 6.5% per year during the 30 years preceding retirement?

c. What effect would an increase in the interest rates, both during and prior to retirement, have on the values calculated in parts (a) and (b)? Explain why.

d. Assume that Jamie will earn 6.75% per annum on his savings during the 30 years preceding his retirement and 7.15% during the 25 years after his retirement. To fund the 25- year stream of $32,000 annual annuity payments, Jamie will be making end-of-year deposits for 30 years. How much does Jamie need to deposit annually?

Finance

The board of Zeros plc assesses divisional performance within the company primarily on the basis of a return on

Question

The board of Zeros plc assesses divisional performance within the company primarily on the basis of a return on

investment ratio. This is computed as follows:

Operating profit/BV× 100 = ROI

The figure of operating profit is obtained from a standard-costing-based profit statement (see Exhibit 301.1 for the two most recent such statements).

The Blank Division

In terms of turnover the Blank Division is the second largest division within the company. The divisional manager is Joe Cool who has worked in the division for over 30 years, initially as a management accountant and then as manager from 1998. He is 63 years old and will retire in 18 months’ time. In accordance with a board policy introduced to improve motivation at divisional level, his current remuneration contains a substantial bonus element based on divisional operating profit. In addition, his retirement pension will be based upon his average total earnings in his last three working years. The Blank Division was resituated in a town-centre freehold site which was purchased in 1992. A custom-built factory was erected on the site with considerable financial aid from the government, and was equipped with what were, at the time, the most modern machines available. It is a matter of considerable pride to Joe that much of this equipment has been conscientiously maintained and is still in use today. In the accounting records the freehold site and factory building are still valued at historic cost.

The Blank Division produces a wide range of sizes of surgical needles, although all are sold at a standard price (see Exhibit 301.2). Although the market is growing the competition is intense, being based on both price and, particularly, product quality.

Case study problems

Standard costs are revised at the start of each financial year (see Exhibit 301.2) and are based on the middle-range size of surgical needle produced in the division.

It is frequently pointed out at board meetings by Joe Cool that the Blank Division can still achieve a 33% mark-up on its standard unit cost, and that no competing firm can approach this level of margin.

In recent years the Blank Division has produced highly satisfactory return-on investment figures and a reasonable profit growth. The board has, however, been concerned by the large unfavorable variances which have been consistently reported. The normal retort of the Blank Division manager to queries on the size of variances has been to state unequivocally that ‘it is the bottom line that matters; if that’s OK you can forget the rest’. He has also consistently promoted the performance of his division during 2006 and 2007 to the board as ‘excellent’ and rebuffed any judgements to the contrary. Results for the last two years are given in Exhibits 301.1 and 301.3.

Apple Enterprises is looking at buying a machine that would allow the TYM Enterprises to add a new product The

Question

Apple Enterprises is looking at buying a machine that would allow the TYM Enterprises to add a new product. The

cost of the machine will be $432,000 with a 12-year life, will be depreciated using a straight line method and no salvage value. TYM Enterprise will sell 172,800 units of the machine’s product annually. The below shows the machine’s expected annual income.

Sales$270,000 Costs Materials, labor, and overhead (except depreciation on new equipment) 144,000 Depreciation on new equipment 36,000 Selling and administrative expenses 27,000 Total costs and expenses 207,000 Pretax income 63,000 Income taxes (30%) 18,900 Net income$44,100

1. Compute the payback period.

2. Compute the accounting rate of return for this equipment.

Managerial Accounting

*Could you please show me how to workout b c d and e small notes if

Question

small notes if

necessary, I’m new to finance.

6.1
You and your friends are thinking about starting a motorcycle company named Apple Valley Choppers. Your initial investment would be $500,000 for depreciable equipment, which should last 5 years, and your tax rate would be 40%. You could sell a chopper for $10,000, assuming your average variable cost per chopper is $3000, and assuming fixed costs, such as rent, utilities and salaries, would be $200,000 per year.

A.
Accounting breakeven: How many choppers would you have to sell to break even, ignoring the costs of financing?

=200,000/(10,000-3,000)

= 28.5714

Break even units = 29 units.

B.
Financial breakeven: How many choppers would you have to sell to break even, if you required a 15% return? (Hint: Use the 15% as the discount rate and calculate net present value. In Excel, you may want to use the Goal Seek command, or simply use trial and error to find the correct amount.)

C.
Assuming you could sell 60 choppers per year, what would be your IRR?

D.
Assuming you could sell 60 choppers per year, what would your selling price have to be to generate a net present value of $150,000 at a 15% discount rate?

E.

SelfStudy Problem 13 05You are analyzing a firm that is financed with 55 percent debt and 45 percent

Question

Self-Study Problem 13.05

You are analyzing a firm that is financed with 55 percent debt and 45 percent

equity. The current cost of debt financing is 9 percent, but due to a recent downgrade by the rating agencies, the firm’s cost of debt is expected to increase to 11 percent immediately.

How will this increase change the firm’s weighted average cost of capital if you ignore taxes? (Round answer to 2 decimal places, e.g. 15.25%.)

Ignoring taxes firm’s weighted average cost of capital will by

%.

If you consider taxes and the firm is subject to a 40 percent marginal tax rate? (Round answer to 3 decimal places, e.g. 15.250%.)

Considering taxes firm’s weighted average cost of capital will by

%.

Financial Accounting

Hi I need help in starting this problem A sporting goods manufacturer has

Question

Hi,

I need help in starting this problem:

A sporting goods manufacturer has

decided to expand into a related business. Management estimates that to build and staff a facility of the desired size and to attain capacity operations would cost $520 million in present value terms. Alternatively, the company could acquire an existing firm or division with the desired capacity. One such opportunity is a division of another company. The book value of the division’s assets is $350 million and its earnings before interest and tax are presently $60 million. Publicly traded comparable companies are selling in a narrow range around 12 times current earnings. These companies have book value debt-to-asset ratios averaging 40 percent with an average interest rate of 10 percent.

a. Using a tax rate of 36 percent, estimate the minimum price the owner of the division should consider for its sale. (Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place.)

Thanks,

Renee

Financial Accounting

In this week’s discussion you will make connections between your chosen field and what you have learned about

Question

In this week’s discussion, you will make connections between your chosen field and what you have learned about

financial accounting up to this point. This discussion is important practice for the second part of your final project, in which you will analyze the practical applications of financial accounting in terms of how relevant it is to your own professional aspirations.

In your initial post, describe your current or aspiring professional identity, including your career and the field in which you work or hope to work. What sort of transactions would you encounter in that field? What are the impacts of those transactions on the business? List and describe several examples.

Business

Time Value of Money ProblemCan you explain the steps need it

to get the answer $819.23 from

Question

Time Value of Money Problem

Can you explain the steps need it to get the answer $819.23 from

problem listed below

What is the market value of the following bond?

Coupon 8%

Maturity date 2038

Par Value $1000

Market interest rate 10%

Financial Accounting

Need help with managerial accounting problem Thanks

During June , Danby Company’s material purchases amounted to 8. 100 pounds at a price of $8.00 per pound. Actual costs incurred in
the production of 1, 600 units were as follows :
Direct labor :`
$135, 975 ($18.50 per hour )
Direct material :
$ 39 , 206 ($8. 80 per pound )
The standards for one unit of Danby Company’s product are as follows :
Direct Labor :`
Direct Material :
Quantity , 4 hours per unit
Rate , $18. 40 per hour
Quantity , 3 pounds per unit
Price , $7 . 70 per pound
Required :quot;
Compute the direct- material price and quantity variances , the direct-material purchase price variance , and the direct -labor rate and
efficiency variances . ( Indicate the effect of each variance by selecting quot; Favorable quot; or quot; Unfavorable quot; . Select quot; None quot; and enter quot; 0 quot;
for no effect ( i.e., zero variance ) . !`
Direct- material price variance*
Direct-material quantity variance*
Direct – material purchase price variance
Direct – labor rate variance
Direct- labor efficiency variance
Managerial Accounting

T&amp

T had a great year, but they need to meet targets set by the banker, Huaweii Bank Inc. They had been

Question

Please help me to solve this question, show me the detail, thanks !

Trump amp; Trudeau Inc.
Balance Sheet
Ending
Beginning
Balance
Balance
Assets
Cash
$1,200,000
$1,400,000
Accounts receivable
1,530,000
1,450,000
Inventory
1,380,000
1,320,000
Plant and equipment, net
3,620,000
3,680,000
Investment in Brexit Sunk Inc.
280,000
250,000
Land (undeveloped)
370,000
380,000
Total assets
$8,380,000
$8,480,000
Liabilities and Shareholders’ Equity
Operating Line
$1,310,000
$1,360,000
Accounts payable
$1,700,000
$1,800,000
Current Portion of Long-Term Debt
$500,000
$470,000
Long-term debt
2,580,000
2,690,000
Shareholders’ equity
2,290,000
2,160,000
Total liabilities and shareholders’ equity
$8,380,000
$8,480,000
Trump amp; Trudeau Inc.
Income Statement
Sales
$40,500,000
Less operating expenses
36,450,000
Net operating income
$4,050,000
Less interest and taxes:
Interest expense
$350,000
Tax expense
350.000
700,000
Net income
$3,350,000
Dividends paid last year
$1,500,000
Minimum required return
15%
Managerial Accounting

Hi there! I am just having some issues grasping the concept of Profit Budget and Cash Forecast in

Question

Hi there! I am just having some issues grasping the concept of Profit Budget and Cash Forecast in

Managerial Accounting and was wondering if anyone could help. My professor suggested a scenario that I should practice with, but I am still having troubles understanding it completely. Here is the scenario:

Creassos Ltd. was formed in July 2012 with $20,000 of capital. $7,500 of this was used to purchase equipment. The owner budgeted for the following:

Wages and other expenses are paid in cash. In addition to the above, depreciation is $2,400 per year.

No inventory is held by the company.

What I need to understand is

a. How to Calculate the profit for each of the three months from July through September and the total

profit for the three months.

b. How to Calculate the cash balance at the end of each month.

c. How to create a Statement of Financial Position at the end of September.

Receipts of
Accounts
Payments on
Other
Sales
Receivable
Purchases
Accounts Payable
Wages
Expenses
July
$20,000
$ 8,000
$ 5,000
$3,000
$2,000
Aug.
30,000
$20,000
15,000
10,000
4,000
2,000
Sept.
40,000
30,000
20,000
20,000
5,000
3,000
Managerial Accounting

ElfStudy Problem 13 04Cullumber’s TShirts Inc has debt claims of $220 (market value) and equity claims

Question

elf-Study Problem 13.04

Cullumber’s T-Shirts, Inc., has debt claims of $220 (market value) and equity claims

of $780 (market value). If the after-tax cost of debt financing is 9 percent and the cost of equity is 15 percent, what is Cullumber’s weighted average cost of capital? (Round answer to 2 decimal places, e.g. 15.25%.)

Weighted average cost of capital

%

Financial Accounting

Consider international economics (which is the balance of payments) as a national accounting measure that looks at

Question

Consider international economics (which is the balance of payments) as a national accounting measure that looks at

the flow of goods and services into and out of an economy in a given period of time. It also shows capital flows into and out of a country. Until 1980, the United States tended to run a positive-to-neutral balance of payments position and was a creditor nation. In the course of the past 30 years, the United States has moved to a negative balance of payments and to being a debtor nation.

Economics

I am doing an assignment that is asking for weighted averages I have been given the following information

Question

I am doing an assignment that is asking for weighted averages. I have been given the following information:

$50 million in bonds which pay a 5.5% coupon; $20 million in preferred stock with a par value of $50 per share and an annual dividend of $2.75 per share; and common stock with a book value of $25 million. The cost of capital associated with common stock is 12% and the marginal tax rate for the firm is 30%.

In trying to complete the WACC calculations, I have come up with the following:

WACC= (E/ V x r E) + (D/V x rD x (1-t))

Where: E = market value of Equity (Preferred stock + Common Stock) 45,000,000

D= market value of Debt (bonds) 50,000,000

V = total value of the firm (E + D) 95,000,000

E/V – percentage of capital that is equity (45,000,000 / 95,000,000) .47368

D/V – percentage of capital that is debt (50,000,000 / 95,000,000) .52631

t = corporate tax rate 30%

My problem comes in that I cannot figure out the cost of equity and cost of debt for this problem. I have been trying to work with the following equations:

r e = the cost of equity (V E / V E + VD )

r d = the cost of debt (V D / V E + V D )

But I have come up with three entirely different answers for the problems. can you give me some idea on how I should be filling this in?

Thank you,

Julie Evans

Managerial Accounting

I am having issues with the calcultor help needed Fairyland Inc has a $6 million (face

Question

I am having issues with the calcultor, help needed.

Fairyland Inc. has a $6 million (face

value) 30 year bond issue selling for 105.9 percent of par that pays an annual coupon of 8.0%. What would be Fairyland’s before-tax component cost of debt?

Solving using the Financial Calculator App,

Or, using Excel: =RATE(N,PMT,-PV,FV)

Financial Accounting

(TimesInterestEarned Ratio)The Morris Corporation has $250 000 of debt outstanding and it pays an

Question

(Times-Interest-Earned Ratio)

The Morris Corporation has $250,000 of debt outstanding, and it pays an

interest rate of 8% annually. Morris’s annual sales are $1.25 million, its average tax rate is 30%, and its net profit margin on sales is 6%. If the company does not maintain a TIE ratio of at least 6 to 1, its bank will refuse to renew the loan and bankruptcy will result. What is Morris’s TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.

Financial Accounting

Omega Corporation has 10 5 million shares outstanding now trading at $60 per share The firm has estimated the

Question

Omega Corporation has 10.5 million shares outstanding, now trading at $60 per share. The firm has estimated the

expected rate of return to shareholders at about 10%. It has also issued $225 million of long-term bonds at an interest rate of 7%. It pays tax at a marginal rate of 34%.

a. What is Omega’s after-tax WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

After-tax WACC %

b. What would WACC be if Omega used no debt at all? (Hint: For this problem you can assume that the firm’s overall beta [βA] is not affected by its capital structure or by the taxes saved because debt interest is tax-deductible.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

WACC %

Managerial Accounting

Which of the following is NOT an advantage of

Question

Which of the following is NOT an advantage of

debt?

A) Interest is tax deductible

B) Debt holders are not allowed to vote

C) The interest is an obligation of the company.

D) Debit capital is easier to obtain than equity.

Financial Accounting

Using the Dry Supply case study for an example of loan documentation process and related requirements suppose

Question

Using the Dry Supply case study for an example of loan documentation process and related requirements, suppose

that Dry Supply and the bank agreed to the following terms:

· Borrower: Dry Supply Inc.

· Amount $60,000

· Purpose: purchase 3 vans

· Rate: 6%

· Term: 5 years

· Repayment: 5 year amortization

· Guarantee: Kaitlyn and Emily Nielson

· Other conditions: No mergers or acquisitions without bank consent, debt-to-worth ratio will not exceed 2.5x, monthly internally prepared financial statements, annual reviewed financial statements prepared by accounting firm

List some affirmative and negative covenants that can be applied to Dry Supply.

Page
AFFIRMATIVE COVENANTS
An affirmative or positive covenant is
a clause in a loan contract that
requires a borrower to perform
specific ations
Examples – Requirement to maintain
adequate levels…
Finance

A company manufactures a product which requires four hours per unit of machine time Machine time is a bottleneck

Question

A company manufactures a product which requires four hours per unit of machine time. Machine time is a bottleneck

resource as there are only ten machines which are available for 12 hours per day, five days per week. The product has selling price of $ 130 per unit, direct materials costs of $50 per unit, labour costs of $40 per unit and factory overhead costs of $20 per unit. These costs are based on weekly production and sales of 150 units.

What is the throughput accounting ratio?

A) 1.33

B) 2.00

C) 0.75

D) 0.31

Managerial Accounting

Consider a firm with an EBIT of $850 000 The firm finances its assets with $2 500 000 debt (costing 7 5 percent)

Question

Consider a firm with an EBIT of $850,000. The firm finances its assets with $2,500,000 debt (costing 7.5 percent)

and 400,000 shares of stock selling at $5.00 per share. To reduce the firm’s risk associated with this financial leverage, the firm is considering reducing its debt by $1,000,000 by selling an additional 200,000 shares of stock. The firm is in the 40 percent tax bracket. The change in capital structure will have no effect on the operations of the firm. Thus, EBIT will remain at $850,000.

EPS Before:

EPS After:

Difference:

Managerial Accounting

Discounting is required to value a liability if

Question

Discounting is required to value a liability if:

A) it is long term.

B) it is non-interest bearing.

C) its interest rate is below market rate.

D) it is long term and its interest rate is below the market rate.

Financial Accounting

Which of the following statements is true?

In a standard cost system, an unfavorable overhead volume variance

Question

Which of the following statements is true? In a standard cost system, an unfavorable overhead volume variance

will result if:

A. There is a favorable labor rate variance.

B. Production is less than planned.

C. There is an unfavorable labor efficiency variance.

D. All of the above

Cost Accounting

Hi there! I am just having some issues grasping the concept of Residual Income in Managerial

Question

Hi there! I am just having some issues grasping the concept of Residual Income in Managerial

Accounting and was wondering if anyone could help. My professor suggested a scenario that I should practice with, but I am still having troubles understanding it completely. Here is the scenario:

A company has capital employed of $10 million and currently earns an ROI of 15% per year. It can make an additional investment of $2 million for a 5 year life. The average net profit from this investment would be 14% of the original investment. The division’s cost of capital is 12%.

What I need help to understand, is how to calculate the Residual Income BEFORE and AFTER the investment.

Managerial Accounting

URGENT A company is 30% financed by riskfree debt The interest rate is 8% the expected market risk

Question

URGENT:

A company is 30% financed by risk-free debt. The interest rate is 8%, the expected market risk

premium is 6%, and the beta of the company’s common stock is .69.

a. What is the company cost of capital?

b. What is the after-tax WACC, assuming that the company pays tax at a 30% rate?

NB (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Financial Accounting

Company E makes a product that has the following direct labor standards Standard direct labor

Question

Company E makes a product that has the following direct labor standards:

Standard direct labor

hours = 0.2 hours per unit

Standard direct labor rate = $15 per hour

In January the company’s budgeted production was 3,400 units but the actual output was 3,500 units. The company used 640 direct labor hours and the direct labor cost was $8,960.

What is the labor efficiency variance?

What is the labor rate variance?

Managerial Accounting

Managerial AccountingThe following is the sales forecast for a blogshop selling waist

Question

Managerial Accounting

The following is the sales forecast for a blog-shop selling waist

pouches for the months of October, November and December 2019. The selling price per unit is $60 per month. The forecasted Sales (Number of units) for October is 80, 100 is for November, and 140 is for December. What is the sales budget for October, November and December 2019? Show the figures of units sold and units selling price for each month.

Managerial Accounting

Resource

Ch. 3 of
Financial

Question

Resource Ch. 3 of Financial

Accounting

Complete Exercises E3-4 E3-9.

Complete Problems P3-5A P3-6A.

Submit as either a Microsoft® Excel® or Microsoft® Word document to the Assignment Files tab.

Solution:
a)
 1.
 2.
 3.
 4.
 5.
 6.
 7.
 8.
 9.
10 Stockholders invested $20,000 cash in the business.
Purchased equipment for $5,000, paying $1,000 in cash and the balance of…
Business

Need Help With These Managerial Accounting Questions Thank You

Question

Need Help With These Managerial Accounting Questions. Thank You.

Exercise 22-8 (Part Level Submission)
Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost
data for 2014 is available for Second Chance.
Time
Charges…
Managerial Accounting

Resources Statements of Financial Accounting Standards (SFAS) 116 and 117

sample Executive Summary

Write a

Question

Resources: Statements of Financial Accounting Standards (SFAS) 116 and 117; sample Executive Summary

Write a

700-word minimum summary assessing the requirements of SFAS 116 and 117 and its effect on the financial statements.

ReferStatement of Financial Accounting Standards (SFAS) 116 and 117 Executive Summary
Conferring to the University of Phoenix (2007), report No 116 discourses Accounting for
contributions Received and…

Business

This is the 3 parts

Financial Accounting. Need a really quality work. Show all work clear and I need the

Question

This is the 3 parts.

Financial Accounting. Need a really quality work. Show all work clear and I need the

answer attached in a file. No photos. 3 hours and 15 minutes.

ACCOUNTING
Part 1
Despite the existence of standards and laws governing financial reporting, it is not surprising to
find out that companies are being creative in the way they record and report the…
Business

How has

variable and absorption costing
affected managerial accounting in the past?

How will

Question

How has variable and absorption costing affected managerial accounting in the past?

How will

the variable and absorption costing affect managerial accounting in the future? Will this variable and absorption costing affect you in your career? Why, or why not?

How does that variable and absorption costing relate to the subject of managerial accounting?

1 Variable and Absorption Costing 2 Variable and Absorption Costing
How Variable and Absorption Costing Affected Managerial Accounting in the Past
Variable and absorption costing have in the past…
Business

1 Give the definitions of

Management accounting (the origin, role and principles) amp
Management accounting

Question

1. Give the definitions of Management accounting (the origin, role and principles) Management accounting

(MA) system​. 2. Explain the distinction between management accounting and financial accounting.

Financial Accounting

Examine PepsiCo Inc ’s Consolidated Balance Sheet on p A6 in Appendix A of Financial Accounting especially

Question

Examine PepsiCo, Inc.’s Consolidated Balance Sheet on p. A6 in Appendix A of Financial Accounting, especially

its Current Assets, Current Liabilities, and Total Assets for years 2005 and 2004. Calculate the following for PepsiCo, Inc. and show your work: The Current Ratio for 2005 The Current Ratio for 2004 Two measures of vertical analysis—for example, compute the current assets divided by total assets for each year, and express your result as a percentage Two measures of horizontal analysis—for example, compute the total change in assets by percentage, by dividing current assets in 2005 by current assets in 2004. Compute a similar percentage for current liabilities Examine The Coca-Cola Company’s Consolidated Balance sheet on p. B2 in Appendix B of Financial Accounting, especially its Current Assets, Current Liabilities, and Total Assets for years 2005 and 2004. Calculate the following for Coca-Cola and show your work: The Current Ratio for 2005 The Current Ratio for 2004 Two measures of vertical analysis—for example, compute the current assets divided by total assets for each year, and express your result as a percentage Two measures of horizontal analysis—for example, compute the total change in assets by percentage, by dividing current assets in 2005 by current assets in 2004. Compute a similar percentage for current liabilities Post your explanation as an attachment in Microsoft Word and your calculations as an attachment in Microsoft Excel to the Assignment Link. I appriciate any help you are able to give me. Thank youI have included additional documents.

Financial AccountingOn 15 July 2017 Wizard recently bought a new display cabinet to replace an existing

Question

Financial Accounting

On 15 July 2017, Wizard recently bought a new display cabinet to replace an existing

one which was bought 3 years ago at $15,000. It paid $20,000 for the new cabinet after trading in the old one. The trade-in resulted in a loss of $4,750. Both cabinets have an estimated useful life of 8 years and residual value of $1,000. Wizard uses straight-line method to depreciate its assets. Calculate the cost of the new display cabinet. Show your workings clearly.
Financial Accounting

Cease Fire Ltd has two production departments Machining and Assembly and two

service departments, Tooling

Question

Cease Fire Ltd has two production departments, Machining and Assembly and two
service departments, Tooling

and Maintenance.
The budgeted activity levels for April 2015 were thus:
Machining 400 hours $16 000
Assembly 2400 hours $9 600
The service departments are apportioned thus:
Tooling 70% to Machining
20% to Assembly
10% to Maintenance
Maintenance 50% to Machining
30% to Assembly
20% to Tooling
During April 2015 the actual results were:
Machining 420 hours $12 000
Assembly 2 300 hours $8 000
Tooling $5 000
Maintenance $3 000
Required
a. Calculate the budgeted overhead absorption rate per hour for each of the
production departments(4 marks)
b. Calculate the amount of overhead to be charged to each of the production
departments (9 marks)
c. Calculate the amount of under or over absorption of overhead for each of the
production departments (6 marks)
d. State what is meant by under or over absorption of fixed overhead and state the
reasons as why this may occur (6 marks

Cost Accounting

Be offered on the company web site and in the mail order catalog You will useincremental steps to help you

Question

be offered on the company web site and in the mail order catalog. You will use

incremental steps to help you

refine the characteristics of the product. Which of the

following will you perform to determine the characteristics and features of the new

product?

Earned value analysis

Requirements analysis

Iteration

Progressive elaboration

2.You are a portfolio manager for Love-A-Cat – a nonprofit organization dedicating to the

well-being of cats worldwide. All of the following are true except which one?

You are a senior manager in the organization

One of your responsibilities is examining new projects for inclusion in the program

The projects in this portfolio are aligned to the organization’s strategic business

objectives.

One of your primary concerns is the project interdependencies

3.You are managing a project to launch a new version of the Galaxy Note. The Accounting

Department calls you and wants to know how much they should budget for your project

for each month. You need to send them your project’s ________

4.Assuming that only 1 resource is assigned to a task, how do you calculate the labor cost

of the task?

Project Management

The percent of sales method is a forecasting method that predict financial elements based on their relationship to

Question

The percent of sales method is a forecasting method that predict financial elements based on their relationship to

sales. In other words, these items increase proportionately as sales increase. This method can be applied to many, but not all, of the elements of the pro forma statements. Which of the following cannot be accurately predicted with this method?

Operating expenses

Capital investments

Advertising expenses

Accounts receivable

Financial Accounting

Discuss how a

firm should address ethical issues as they relate to managerial accounting. For example, are there

Question

Discuss how a firm should address ethical issues as they relate to managerial accounting. For example, are there

written regulatory or legal guidelines concerning managerial accounting improprieties, are employees evaluated on ethical behavior related to managerial accounting, and how are violations in managerial accounting ethical behavior addressed.

Provide at least 5 paragraphs, correct spelling and grammar a must.

MANAGERIAL ACCOUNTING ETHICS ETHICS IN MANAGERIAL ACCOUNTING
NAME:
INSTITUTION:
DATE: MANAGERIAL ACCOUNTING ETHICS
Managerial accounting is an internal function in an organization that deals with…
Business

Which of the following statements explain permanent differences between tax and financial

Question

. Which of the following statements explain permanent differences between tax and financial

accounting?

i. Income is recognized in one period for tax and in another period for financial accounting

ii. Income is recognized for accounting but not for tax purposes.

iii. Expenses not deductible for tax purposes are deductible for financial accounting.

iv. An expense is deducted currently for tax but in a later period for financial accounting.

a. ii. only

b. i. and ii.

c. i. and iv.

d. ii. and iii.

Business

1

When there are so many other options, why do you suppose accounting would be considered the language of

Question

1
When there are so many other options, why do you suppose accounting would be considered the language of

business?

Business

I need someone to help me with this accounting spreadsheet attached I am struggling

Thank you
;

Question

I need someone to help me with this accounting spreadsheet attached… I am struggling.
Thank you

You must enable macros in order fo Please visit the Microsoft Office Support sit
Contact the World Campus Helpdesk s in order for this assignment to function. e Support site for documentation and…
Business

A The

utility gained from working.

B.The value of the leisure time lost due to engaging in work-related

Question

D.The cost associated with engaging in time cousuming work.none of the above
Financial Accounting

The current annualized yield on a 1year STRIPS is 2 23% and the annualized yield on a 2year STRIPS is 2 17%

Question

The current annualized yield on a 1-year STRIPS is 2.23% and the annualized yield on a 2-year STRIPS is 2.17%

(yes, it has a lower annualized yield). According to the expectations theory of interest rates, what will be the annualized yield on a 1-year STRIPS one year from now? What would you expect to pay for this STRIPS with a $1,000 face value one year from now?

Financial Accounting

Consider three bonds with 6 40% coupon rates all making annual coupon payments and all selling at face value The

Question

Consider three bonds with 6.40% coupon rates, all making annual coupon payments and all selling at face value. The

short-term bond has a maturity of 4 years, the intermediate-term bond has a maturity of 8 years, and the long-term bond has a maturity of 30 years.

a. What will be the price of the 4-year bond if its yield increases to 7.40%? (Round answers to 2 decimal places)

b. What will be the price of the 8-year bond if its yield increases to 7.40%? (
Managerial Accounting

How is ABC Costing superior to traditional costing models in modern manufacturing environments particularly those

Question

How is ABC Costing superior to traditional costing models in modern manufacturing environments, particularly those

with relatively high capital investment and relatively low labor costs, plus highly differentiated manufacturing processes like specialized manufacturing cells. In particular, how is simple traditional methods for allocating factory overhead can cause major distortions in calculated costs, and how this can adversely affect production and pricing decisions common to managerial accounting?

Managerial Accounting

This is a Financial Accounting! I need the Journal entries

Question

This is a Financial Accounting! I need the Journal entries

No.
1) Account Title and Explanation
Depreciation Expenses – Equipment Debit Credit
14,825 Accumulated Depreciation – Equipment
(62,100 – 2,800)/4 No.
2) No.
3) 14,825 Account Title and…
Financial Accounting

Hello Please help me with this question regarding For the Win (FTW) Corporation uses a

Question

Hello,

Please help me with this question regarding For the Win (FTW) Corporation uses a

standard costing system in the creation of awards and trophies.

The Manufacturing overhead costs are applied to products on the basis of machine time.

Required:

1) Unfortunately, due to accounting glitches in FTW’s software, several numbers and labels have been omitted from the analysis of fixed overhead below. Supply the missing numbers and labels to help FTW out:

Actual Fixed Overhead Cost

Flexible Budget Overhead Cost

Fixed Overhead Cost Applied to Work in Process

(a)

(b)

302,100 MH x $1.08 = (c)

Budget variance, $1,880 U

(d)

Total variance, $388 F

(e)

2) Next, assume that 6 minutes of machine time is standard per unit of production. How many units were actually produced in the situation above?

3) Once again, assume that 6 minutes of machine time is standard per unit of production. How many units of production were assumed when the predetermined application rate for fixed overhead was established?

Managerial Accounting

Please answer these questions below be specific no maximum word limitThe ASC How do you access it?

Question

Please answer these questions below. be specific. no maximum word limit

The ASC:

How do you access it?

How is it organized? How do you search it?

Revenue Recognition:

What are the steps for Revenue Recognition under the new GAAP? When is the new GAAP transition period? What decisions must companies make when they first apply the new GAAP? What other issues will affect companies and investors?

Integrated Reporting1 Running head: ACCOUNTING ANALYSIS Accounting Analysis
Student’s Name
Institution 2 ACCOUNTING ANALYSIS
Accounting Analysis
The ASC is the source of the authoritative accepted accounting…

Business

Can someone help me finish the following assignment? I’d like a little more information added to the slides I’ve

Question

Can someone help me finish the following assignment? I’d like a little more information added to the slides I’ve

already done along with completing the slides that are blank.

While working on a consuing engagement, a supervisor in your team has given you an assignment. The client is a regional trucking company. A new customer has approached the client with an opportunity that would require 120 trailers—20 more than the trucking company currently owns. The client is uncertain how long the relationship with the customer may last, but the deal has the potential for significant growth.

Your supervisor has asked you to research leases and lease structure issues on the Financial Accounting Standards Board (FASB) website, in particular the current practice and thought related to direct financing, sales type, and operating leases.

Prepare a 5 to 8 Powerpoint Presentation that summarizes your FASB research resus. . Keep the presenation brief while exploring the issues. Remember that both the client and the supervisor have limited time, and you want to make a good impression. Recommend an approach that the client can use to evaluate and capitalize on this opportunity.

Response to Client
Request 1
Ajia Gaspard
ACC/541
August 22, 2016
Shonda Meadows Leases and Lease Structure
• Leases are discussed in Statement No. 13 of the Financial
Accounting Standards Board….
Business

Pleease help me with assignment for managerial accounting use the attachment PDF book

Question

Pleease help me with assignment for managerial accounting use the attachment PDF book :

page 557 Ex 12-2

page 557 – 558 Ex 12 – 3

page 558 Ex 12 – 4

page 559 Ex 12 – 6

page 364 Ex 8-1

page 364 Ex 8-3

page 365 Ex 8-4

page 370 – problem 8-16

please provide me the solution in details no short cut so I can study from them.

Thank you very much

Solution-8-16
1. September cash sales
September collections on account:
July sales: $20,000 × 18%
August sales: $30,000 × 70%
September sales: $40,000 × 10%
Total cash collections
2. Payments to…
Managerial Accounting

Resource

Ch. 4 of
Financial Accounting

Complete
Exercise

Question

Resource: Ch. 4 of Financial Accounting

Complete Exercise

BE4-1.

Complete Problems P4-2A P4-3A.

BRIEF EXERCISE 4-1 Cash
A $ Net Income
(100.00) $ B – $ 20.00 1,300.00 $ (1,300.00) C $ D $ 800.00 E $ (2,500.00) $ F $ – $ 2,500.00
(600.00) PROBLEM 4-3A
A) 1) 2) 3) 4) 5) 6) GENERAL JOURNAL
DATE…
Business

Hi These problems are from a undergraduate level managerial accounting course and shouldn’t take much time

Question

Hi,

These problems are from a undergraduate level managerial accounting course and shouldn’t take much time

for a pro to do. If it would be possible to get the solutions within the next four hours or so that would be great, within 6 hours is the deadline as I have to submit this evening.

Please take a look at the attachment and the problems and let me know if you cannot complete all of the problems so I can submit to another tutor.

Thank you for your help!

Silvia

Solution-3 Opening
Balance Interest on
opening
balance 500000
260766 Repayment
Principal interest
284234
239234
45000
284234 26076.06
23470 45000
23469 31/12/2015 Debit 260766
0 Credit Loan…
Managerial Accounting

I need this by tomorrow at 3 pmSelect

a government entity of your

Question

I need this by tomorrow at 3 pm

Select a government entity of your

choice. It can be a state, county, city, town, school district, or any other government entity. Preferably select one in which you have a vested interest, such as where you live, work or send your kids to school.

Obtain the Comprehensive Annual Financial Report (CAFR) for the entity you selected. You should be able to find the CAFR on the web site for the government entity. If not, contract the entity for a copy. Note: This CAFR will be used for many activities throughout the course.

Scenario: You are working as an accountant for the government entity you selected above. You have newly elected board members who are business people from the community. These are highly successful and intelligent business people who know and appreciate private sector financial accounting. However, they know very little about government accounting.

Prepare a PowerPoint® presentation for the new Board members. The presentation should be between 12 to 15 slides and include the following:

Government Accounting Name
Course
Instructor a)It record financial transactions of revenues and expenditures related to the government organizations.
The purpose of government accounting
and…
Business

Journal entrees for these A Purchased additional investments for 18 900 cash

one-fifth were long term and

Question

journal entrees for these

A. Purchased additional investments for 18,900 cash; one-fifth were long term and

the rest were short term.

B. Purchased property,Plant and equipment; paid $9,581 in cash and signed a short-term note for 1,420

C.Issued additional shares of common stock for 1,479 in cash; total; par value was $1 and the rest was in excess of par value

D. Sold short-term investments costings $19,019 for $19,019 cash

E. Declared $11,135 in dividends to be paid at beginning of the next fiscal year

Financial Accounting

Hello I am in Healthcare Accounting and finance at Polk State College I am confused on the following

Question

Hello I am in Heahcare Accounting and finance at Polk State College,

I am confused on the following

questions and would appreciate your help to understand them.

#16- If a nurse deposits $24,000 today in a mutual fund that is expected to grow at an annual rate of 8%, what will be the value of this investment

a. Three years from now

b. Six years from now

c. Nine years from now

d. Twelve years from now

#20 The chief financial officer of a home heah agency needs to determine the present value of a $120,000 investment received at the end of year 20. What is the present value if the discount rate is

a. 4 percent

b. 6 percent

c. 8 percent

d. 10 percent

#23 After completing her residency, an obstetrician plans to invest $25,000 per year at the end of each year into a low risk retirement account. She expects to earn 5% for thirty five years. What will her retirement account be worth at the end of those thirty five years?

#27 If uptown clinic invested $3,000 in excess cash today, what would be the value of its investment at the end of the three years:

a. at 16% annual rate compounded semiannually

b. at 16% annual rate compounded quarterly

#28 If Summit Hospital invested $10,000 in excess cash today, what would be the value of its investment at the end of the three years:

a. At an 8% annual rate compounded semiannually?

b. At an 8% annual rate compounded quarterly?

Financial Accounting