Questions And Answers Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans There are two options to buy a plot of land for construction: (i) upfront payment of $200 000, or i four equal payments of $50 000 in years 1-4 and the fifth payment of $100 000 in year 5. What is the implied IRR of choosing the second option over the first? 814 viewsDarshita asked July 18, 2017 0 Votes 1 Ans Han Products manufactures 27,000 units of part S activity the cost per unit tor part S IS esch year for use on its production line. A: this level of S 3.90 7.00 2.70 9.D0 Direcl malerials Direct labor ariable manufacturing overheed Fxed manufacturnng overheed Totel cost per part S22.60 An outside supplier has ottered to sell 2floo units ot part S each year to Han Products tor $44.00 pr part If Han Products accepts this otter the tacilites now beingdto manutacture part S-i could he rented to anolher company at an annual rental of 5738,30 1.21K viewsDarshita asked July 18, 2017 0 Votes 1 Ans Vertical analysis of income statement For 20Y expenditure of an additional $40,000 for advertising. At the end of the year, Leif Grando, the president, is presented with the following condensed comparative income statement: OBJ. 2 2, Fielder Industries Inc. initiated a sales promotion campaign that included the Fielder Industries Inc. 1.23K viewsDarshita asked July 18, 2017 0 Votes 1 Ans Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2017 totaled $2,280,000 as follows. 1.49K viewsDarshita asked July 18, 2017 0 Votes 1 Ans A bulldozer can be purchased for $380,000 and used for 6 years, when its salvage value is 15% of the first cost. Alternatively, it can be leased for $60,000 a year. Remember that lease payments occur at the start of the year. The firm’s interest rate is 12%. 913 viewsDarshita asked July 18, 2017 0 Votes 0 Ans The following is a record of Metlock Company’s transactions for Boston Teapots for the month of May 2017 May 1 Balance 496 units$21 May 10 Sale 372 units $37 12 Purchase 744 units $27 20 Sale 670 units 28 Purchasc 496 units$30 37 Assuming that perpetual inventories are not maintoained and that a physical count at the end of the month shows G94 units on hand, what is the cost of the ending inventory 723 viewsDarshita asked July 18, 2017 0 Votes 0 Ans Bringham Company issues bonds with a par value of $800,000 on their stated issue date. The bonds ma- ture in 10 years and pay 6% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. 1. What is the amount of each semiannual interest payment for these bonds? 2 1.33K viewsDarshita asked July 18, 2017 0 Votes 1 Ans isposal of Plant Asset Citano Company has a used executive charter plane that originally cost $850.000. Straight-line depreciation on the plane has been recorded for six years, with an $70.000 ex pected salvage value at the end of its estimated eight-year useful life 832 viewsDarshita asked July 18, 2017 0 Votes 1 Ans Shatner Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,980 $380,160 3,630 466,330 5,280 591,360 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $ per unit Total fixed cost: $ b. Based on part (a), estimate the total cost for 2,610 units of production. Total cost for 2,610 units: 775 viewsDarshita asked July 18, 2017 0 Votes 1 Ans The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 28,000 27,000 Units to be produced 25,000 26,000 In addition, 50,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $8,800. E 1.60K viewsDarshita asked July 18, 2017 0 Votes 1 Ans The vice president of operations of Pavone Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows: 1.02K viewsDarshita asked July 18, 2017 0 Votes 1 Ans Peavey Enterprises purchased a depreciable asset for $23,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset’s salvage value is $2,200, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? $14,300 $5,200 $4,333 $4,333 $17,333 1.57K viewsDarshita asked July 18, 2017 0 Votes 1 Ans Selected financial information for the Bravo Zulu company for the fiscal year ended December 31, 2016 is as follows: Net Income $122,500 Depreciation expense 50,000 Purchases of plant assets 125,000 Disposals of plants assets 50,000 916 viewsDarshita asked July 18, 2017 0 Votes 1 Ans ia Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations Fixed Variable Actual Element Element Total for per Month per Liter June Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous $18.00 $110,530 $ 5.25 $ 33,730 $6,200 2.00 18,900 $2,230 $ 0.80 $ 7,550 $ 3,200 $ 1,950 $ 710 0.95 $ 6,670 $3,200 $1,950 1.37K viewsDarshita asked July 18, 2017 0 Votes 1 Ans A traveling production of Fiddler on the RoofFiddler on the Roof performs each year. The average show sells 1 comma 6001,600 tickets at $ 50$50 per ticket. There are 125125 shows each year. The show has a cast of 6060 , each earning an average of $ 320$320 per show. The cast is paid only after each show. The other variable expense is program printing costs of $ 9$9 per guest. Annual fixed expenses total $ 1 comma 763 comma 200$1,763,200. Read the requirements LOADING… 892 viewsDarshita asked July 18, 2017 0 Votes 1 Ans Shadee Corp. expects to sell 620 sun visors in May and 430 in June. Each visor sells for $15. Shadee’s beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 50 units. Determine Shadee’s budgeted total sales for May and June. 931 viewsDarshita asked July 18, 2017 0 Votes 1 Ans Why is Quality of Earnings significant? 857 viewsDarshita asked July 18, 2017 0 Votes 1 Ans Presénted below are data taken from the records of Morganstern Company. December 31, December 31, Cash Current assets other than cash Long-term investments Plant assets 2012 $15,000 85,000 10,000 335,000 $445,000 2011 $10,000 58,000 53,000 215,000 $336,000 Accumulated depreciation Current liabilities Bonds payable Common stock Retained earnings $40,000 22,000 20,000 40,000 75,000 254,000 56,000 $445,000 254,000 20,000 $336,000 840 viewsDarshita asked July 18, 2017 0 Votes 1 Ans Acura Company uses an Activity Based Costing system to allocate overhead costs to jobs. Shown below are two activity centers, along with cost drivers used, and estimated cost and driver levels Cost Driver Number of orders Machine hours Estimated Overhead Cost $500,000 Estimated Cost Driver Level 5,000 orders Activity Center Purchase order processin Machine-related $2,500,000 20,000 hours What is the overhead rate for purchase order processing activity? a. $100 b. $125 c. $120 d. $150 963 viewsDarshita asked July 18, 2017 0 Votes 1 Ans Schlick Framing’s cost formula for its supplies cost is $1780 per month plus $12 per frame. For the month of Schlick Framing’s cost formula for its supplies cost is $1780 per month plus s12 per frame. For the month of August, the company planned for activity of 618 frames, but the actual level of activity was 626 frames. The actual supplies cost for the month was $9.670. The activity variance for supplies cost in August would be closest to: O $96 U O $474 F O s96 F O $474 U 708 viewsDarshita asked July 18, 2017 « Previous 1 2 … 29 30 31 32 33 … 128 129 Next »
