• Q : Calculate earnings per share under economic scenarios....
    Accounting Basics :

    Calculate earnings per share (EPS) under each of the three economic scenarios before any debt is issued. Also, calculate the percentage changes in EPS when the economy expands or enters a recession.

  • Q : Disbursement float or a collection float....
    Accounting Basics :

    You have $125,000.00 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $110,000.00 does this create a disbursement float or a collection float? What is your ava

  • Q : Total portfolio expected return and standard deviation....
    Accounting Basics :

    If the riskfree asset makes up 25% of Pie's total portfolio, what are the total portfolio expected return and standard deviation ?

  • Q : Prepare a factory overhead cost variance report....
    Accounting Basics :

    Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 3,100 hours.

  • Q : Maximize the return on the investment....
    Accounting Basics :

    The investor would like to maximize the return on the investment, but the average risk index of the investment should not be higher than 6.  1) How much should be invested in each stock?

  • Q : Amount of bonus payable to employees....
    Accounting Basics :

    Compute the amount of bonus payable to employees at year end. Prepare the journal entry @ 12/31/02 to record the bonus due to employees.

  • Q : Case-electro cardio systems....
    Accounting Basics :

    How many more shares would Parker Medical Products need to purchase before the poison pill provision would go into effect? Given the current price of ECS stock of $42, what would be the cost to Park

  • Q : Total-cost approach to discount cash flow in your analysis....
    Accounting Basics :

    Advise Ms. Lee as to which alternative should be selected. Use the total-cost approach to discount cash flow in your analysis. (round all dollar amounts to the nearest whole dollar.)

  • Q : Computing the return on investment for each division....
    Accounting Basics :

    1. Compute the return on investment (ROI) for each division. 2. Compute the residual income for each division.

  • Q : Entries to establish security alarm maintenance....
    Accounting Basics :

    Jill and Phil have just established a security alarm maintenance service. They charge $20 per hour per person and are usually paid by check upon completion of the job.

  • Q : Record the expiration of prepaid rent....
    Accounting Basics :

    Problem: The person keeping the financial records forgot to record the expiration of prepaid rent during the current year. The result of this error is that:

  • Q : Economic interest in tree top airlines....
    Accounting Basics :

    A) Identify the parties that have an economic interest in Tree Top Airlines. B) For each party, identify the type of information that should be provided by Tree Top's accounting information system.

  • Q : Reporting the financial affairs and activities....
    Accounting Basics :

    The rules adopted by the accounting profession as guides in measuring, recording, and reporting the financial affairs and activities of a business are:

  • Q : Accounting term best describes the concept....
    Accounting Basics :

    Young Associates sold business services to another organization. As a result, Young's assets increased. Which accounting term best describes the concept involved in this situation?

  • Q : Type of account asset or expense....
    Accounting Basics :

    Task: For each of the following expenditures, indicate the type of account (asset or expense) in which the expenditure should be recorded. Explain your answers.

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

    (a) Determine the selling price of the bonds. (b) Prepare a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31 (use Excel).&

  • Q : Process of evaluating manufacturing overhead costs....
    Accounting Basics :

    Michele, Inc. is in the process of evaluating its manufacturing overhead costs. Michele uses a four-variance analysis of its manufacturing overhead costs.

  • Q : Operating income using absorption costing....
    Accounting Basics :

    Planned and actual operating costs totaled $400,000 in 2001. Osawa sold 120,000 units of product in 2001 at a selling price of $40 per unit. Question 1: Osawa's 2001 operating income using absorption

  • Q : Implementation of the new activity-based cost system....
    Accounting Basics :

    What actions can the product managers take to reduce the center costs assigned to their product lines under the previous system and the new system? What other functional areas might help reduce the

  • Q : Inventory accounts and cost of sales....
    Accounting Basics :

    A. Prepare T accounts for the three inventory accounts and cost of sales B. Record the beginning balances and post the transaction for the month C. Draw arrows to show the transfers between accounts

  • Q : Business simulation system dynamics....
    Accounting Basics :

    Try different strategies to bring your beer supply change into equilibrium as quickly as possible. Describe some of your strategies, your results, and what you learned from this simulation. (This s

  • Q : Maximization or minimization problem....
    Accounting Basics :

    1) Summarize the above information in a useful table. 2) What are the decision variables? Pick a logical symbol for each one. 3) What is the objective function? Is this a maximization or a minimizatio

  • Q : Annual spending-present value of an investment....
    Accounting Basics :

    The Sultan of Brunei is reportedly the world's richest person, with wealth estimated at $37 billion. How much could the Sultan spend yearly for 40 years if he were to devote the entire $37 billion t

  • Q : Calculating the present value of an investment....
    Accounting Basics :

    An auto dealership, KM Motors, is offering its customers free credit on a $10,000 car. The customer pays $4000 down and then the balance at the end of 2 years. A competing dealership, T Motors, does

  • Q : Calculating the present value....
    Accounting Basics :

    Problem: The interest rate is 9 percent. What is the present value of $10 million to be received in 30 years?

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