• Q : Determining accurate inventory decisions....
    Accounting Basics :

    The Economic Order Quantity (EOQ) model is helpful in determining accurate inventory decisions. Discuss the major inventory costs that are used in determining the EOQ.

  • Q : Calculate bob backpacks operating income....
    Accounting Basics :

    Calculate Bob's Backpacks' operating income for the first quarter. If required, round your interim calculations to the nearest whole number.

  • Q : Variance and control purposes....
    Accounting Basics :

    Problem: If it is to be most useful for control purposes, what variance should be reported to the supervisor responsible for the number of pounds of corn syrup used in the manufacture of candy bar?

  • Q : What is williams tax liability....
    Accounting Basics :

    Problem: Williams Inc reports total net income of $130,000 during 2012. This includes $10,000 of income from 5.5% Orange County municipal bonds. Thus the Corporation's taxable income is equal to $12

  • Q : Monthly gross profit....
    Accounting Basics :

    How many pillows must Dreamland produce and sell each month to earn a monthly gross profit of $1,000?

  • Q : Total manufacturing cost of product....
    Accounting Basics :

    If total manufacturing overhead costs during the month totaled $10,000 when a total of 25,000 machine hours were used, what will be the total manufacturing cost of Product #80?

  • Q : Financial and tax annual accounting period....
    Accounting Basics :

    JIM currently uses the calendar year as its financial and tax annual accounting period. Because of the seasonality of sales, management wants to change to a fiscal year beginning April 1st through M

  • Q : Comparing net income by absorption versus variable costing....
    Accounting Basics :

    Lockhart had no units in beginning inventory. During 2009, 6,000 units were produced and 5,000 units were sold. Which of the following statements is true when comparing net income using absorption v

  • Q : Divisions residual income....
    Accounting Basics :

    Compute each division's residual income for the year under each of the following assumptions about the firm's cost of acquiring capital. (Negative amounts should be indicated by a minus sign. Leave

  • Q : Tax consequences of contributing cash....
    Accounting Basics :

    Discuss the tax consequences of contributing cash, property and/or services to the new entity.

  • Q : Rate of return on average total assets....
    Accounting Basics :

    What average unit sales price does the Portland division need to obtain its desired rate of return on average total assets:

  • Q : Owners equity of a business....
    Accounting Basics :

    Determine the ending owner's equity of a business having a beginning owner's equity of$10,227, additional investments of $4,533, withdrawals of $1,210, and revenue of $8,254, and expenses before adj

  • Q : Compute the company eva....
    Accounting Basics :

    Q1. Compute the Company's EVA for 20X4 and 20X5. Q2. Compare the company's performance in creating value for its shareholders in 20X5 with that in 20X4.

  • Q : Diverting cash to ghost employees....
    Accounting Basics :

    Estimate the effects of falsifying records, diverting cash to ghost employees, and duplicating expenses on a small, midsize, and large business.

  • Q : Annual increase in income....
    Accounting Basics :

    Your firm has $45.0 million invested in accounts receivable, which is 90 days of net revenues. If this value could be reduced to 50 days, what annual increase in income would your firm realize if th

  • Q : Overhead cost calculation for an individual lawyer....
    Accounting Basics :

    Problem: What does the lawyer earn during the year after expenses? Please explain.

  • Q : Determine the filing order of the invoices....
    Accounting Basics :

    Determine the filing order of the invoices, arranging the invoices chronologically by payment date. If more than one invoice has the same payment date, arrange them alphabetically by company name.

  • Q : Calculate the cash paid to suppliers and employees....
    Accounting Basics :

    The net cash provided by operating activates for Gray Co. for the year ended December 31, 2010, is $1,225 million. Calculate the cash paid to suppliers and employees.

  • Q : Accounting research methodologies....
    Accounting Basics :

    Please explain to me the accounting research methodologies of deductive, inductive and pragmatic research methods. Give me some examples to reinforce these methods.

  • Q : Return on investment for frazier company....
    Accounting Basics :

    Frazier Company's revenues are $300 on invested capital of $240. Expenses are currently 84% of sales. If Frazier Company can reduce its expenses to 70% of sales, return on investment will be _______

  • Q : Overall combined tax liability....
    Accounting Basics :

    Assuming reasonable compensation for Mary's services to Beezer Tweezer would fall in the range of $150,000 to $250,000, which of the following wage distribution amounts to Mary would result in the l

  • Q : Consolidations and business combination promulgations....
    Accounting Basics :

    Analyze how consolidations and business combination promulgations affect off-balance sheet manipulations. Include research on the development of consolidations and business combination promulgations

  • Q : Calculating earned revenues....
    Accounting Basics :

    Calculate the theater's earned revenue after the first three events have been presented.

  • Q : Calculate basic earnings per share of common stock....
    Accounting Basics :

    Q1. Calculate basic earnings per share of common stock for the year ended January 31, 2011. Q2. If Thrifty Co.'s preferred stock were convertible into common stock, what addi­tional calculation wo

  • Q : Actual budgeted contribution margin....
    Accounting Basics :

    1. What was the actual budgeted contribution margin per part? 2. What was the actual contribution margin per part?

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