• Q : Difference between product and period costs....
    Accounting Basics :

    Write a memo to your partner covering all of the following: Write a description of the difference between product and period costs and examples of each.

  • Q : Flexible-budget variance....
    Accounting Basics :

    a) Prepare a variance analysis report showing the flexible-budget variance. b) Prepare a variance analysis report showing the sales-volume variance.

  • Q : Annual report for nikon....
    Accounting Basics :

    Using the 2012 annual report for NIKON: Problem 1. Analyse the major areas of the report.

  • Q : Case scenario-olin transmissions....
    Accounting Basics :

    Olin Transmissions, Inc., has the following estimates for its new gear assembly project: price = $3,000 per unit; variable costs = $600 per unit; fixed costs = $1.8 million; quantity = 90,000 units.

  • Q : Risk management program for the company....
    Accounting Basics :

    Olter, Inc. is starting its risk management program for the company and has asked for your help in determining critical risk measurements for the firm. The company has identified several factors in

  • Q : Receivables method for calculating doubtful accounts....
    Accounting Basics :

    What is the difference between using the percentage of sales and percentage of receivables method for calculating doubtful accounts?

  • Q : Calculating the predetermined overhead rate....
    Accounting Basics :

    Using only the data above, prepare a 300 to 400-word memo addressing all of these questions and showing all calculations: Why is calculating the predetermined overhead rate so important?

  • Q : Overall company net income....
    Accounting Basics :

    Suppose that the railroad has petitioned government authorities for permission to drop division 1. What would be the effect on overall company net income for 20X4, assuming that the figures are accu

  • Q : Static-budget variance-sales-activity variance....
    Accounting Basics :

    Prepare a condensed table showing the static-budget variance, the sales-activity variance, and the flexible-budget variance.

  • Q : Productivity measure monitored by united....
    Accounting Basics :

    A key productivity measure monitored by United is the number of customer telephone lines per employee. Consider the following data for United:

  • Q : Describing two business sectors....
    Accounting Basics :

    Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.

  • Q : Governmental agency or not-for-profit organization....
    Accounting Basics :

    Using a Governmental Agency or Not-for-Profit organization identify what are considered to be its major funds? In what key ways are major funds reported differently than non-major funds?

  • Q : What pro forma balance....
    Accounting Basics :

    What Pro Forma Balance - Additional Funds Needed (AFN) is MedView assuming in calculating the 45-scans-per-month amount?

  • Q : Computing the return on sales....
    Accounting Basics :

    For each division, compute the return on sales, the capital turnover, and the return on investment (ROI)

  • Q : Estimate of variable electricity costs per machine hour....
    Accounting Basics :

    Question 1: Using the high-low method, develop an estimate of variable electricity costs per machine hour. Question 2: Using the high-low method, develop an estimate of fixed electricity costs per mon

  • Q : Time-driven activity-based costing....
    Accounting Basics :

    Determine the indirect labor support costs for each engine using time-driven activity-based costing.

  • Q : Accounting for enterprise funds....
    Accounting Basics :

    How would you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds?

  • Q : Amounts reported in the financial statements....
    Accounting Basics :

    o Prepare the adjusting entry required for 2010 under available-for-sale securities. o How are the amounts reported in the financial statements?

  • Q : Decouple from the federal estate tax....
    Accounting Basics :

    Problem: Discuss what changed at the end of 2004 that caused some states to decouple from the federal estate tax.

  • Q : Controversy regarding company practices....
    Accounting Basics :

    Q1. What was the nature of the controversy regarding this company's practices? Q2. How were accounting practices involved?

  • Q : Calculate the budget variance....
    Accounting Basics :

    Calculate the flexed budget amount against which actual performance should be evaluated, and then calculate the budget variance.

  • Q : Transactions between firm and controlled entities....
    Accounting Basics :

    By selling goods to SPEs that it controlled but did not consolidate, did Enron overstate its earnings? What effect does consolidation have on the financial reporting for transactions between a firm

  • Q : What is the company corporate strategy....
    Accounting Basics :

    From the annual reports you previewed, what is the company's corporate strategy? What are their company goals and were they successful in achieving those goals?

  • Q : Classic ratios for liquidity-solvency and profitability....
    Accounting Basics :

    Include an introduction, a vertical and horizontal analysis and classic ratios for liquidity, solvency, and profitability in your analysis for 2005 and 2004.

  • Q : Raiders current year activities....
    Accounting Basics :

    Question 1: What income and deductions will Monte and Allie report from Raider's current year activities? Question 2: What is Monte's stock basis on December 31?

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