• Q : Article analysis-trusts in voluntary sector....
    Accounting Basics :

    A call for the voluntary sector to maintain its independence from Government and preserve its freedom to experiment and be creative comes today from the Chief Executive of the Carnegie UK Trust, Joh

  • Q : Method of depreciation method-activity method....
    Accounting Basics :

    The method of depreciation method that makes the most sense would be the activity method. Sharapova Company should try to estimate the life of the machine by the amount of blenders the machine can p

  • Q : Corporate accounts during a fiscal year....
    Accounting Basics :

    Selected changes in various corporate accounts during a fiscal year are described below.  By the use of x’s, indicate the section of the statement of cash flows (indirect or direct method

  • Q : Greater risk to the shareholders investment....
    Accounting Basics :

    Which company's strategy has presented greater risk to the shareholders' investment? Have the investors assuming that greater risk been rewarded with greater investment.

  • Q : Stocks expected rate of return....
    Accounting Basics :

    If Rowell reinvests its retained earnings in projects whose average return is equal to the stock's expected rate of return, what will be next year's EPS?

  • Q : Journal entry to record the depletion prior to the eruption....
    Accounting Basics :

    A) Determine the depletion cost per board foot for the timber harvested prior to the eruption of Mount St. Helens. B) Prepare the journal entry to record the depletion prior to the eruption.

  • Q : Joint-process costing and analysis....
    Accounting Basics :

    In joint-process costing and analysis, which of the following costs would not be relevant when deciding the point at which a product should be sold to maximize profits?

  • Q : Disruptive to the financial accounting system....
    Accounting Basics :

    Do you think the implementation of ABC is disruptive to the financial accounting system? Being "very time consuming and more expensive to conduct .........." Has this serve to discourage companies w

  • Q : Discount rate to analyze the refunding decision....
    Accounting Basics :

    The company is in a 35 percent tax bracket, and it will use a 7 percent discount rate to analyze the refunding decision. Should the old issue be refunded with new debt?

  • Q : Compute the flexible-budget variance....
    Accounting Basics :

    Actual purchases and usage for January 2007 were 16,000 pounds at $0.82 a pound. Actual output was 60,800 pumpkin scones. 1. Compute the flexible-budget variance.

  • Q : Itemize or taking the standard deduction....
    Accounting Basics :

    Beck wants to file a return that will minimize her current year tax liability. If Becky itemized personal expenses, how much can she deduct? Assume the standard deduction applicable to Becky is $5,0

  • Q : Calculate the one-year return on pdq stock....
    Accounting Basics :

    Supposed xyz company's stock is selling for $80.00 today. I am expecting a dividend of $3.00 next year and I plan to sell the stock for $95.00 one year from now. Calculate the one-year return on PDQ

  • Q : Weighted-average method of process costing....
    Accounting Basics :

    Aster Manufacturing uses the weighted-average method of process costing. The following information was available for the current year:

  • Q : Variable and absorption costing methods....
    Accounting Basics :

    Variable and absorption costing are two cost methods. Compare and contrast these two methods, including the implications of using either method. Include at least one example to support your comparis

  • Q : Before-tax cash sales price....
    Accounting Basics :

    A manager is considering a special project. Corporate policy dictates that all special projects must generate an after-tax profit of $21,000.  If the company expects costs related to the projec

  • Q : Production budget for supermix....
    Accounting Basics :

    Question 1. Prepare a production budget for Supermix for the months of July, August, September and October.

  • Q : Cross functional decision making....
    Accounting Basics :

    Cross Functional Decision Making: A) Brings together individuals from diverse functions and backgrounds in order to generate innovative solutions to problems. B) Brings together individuals from diffe

  • Q : Accept a cash price for company....
    Accounting Basics :

    Your client has asked you for your advice whether he should merge his company with Y and accept some stock in the new entity and cash, or accept a cash price for his company. What is your advice and

  • Q : Bj motors accounts payable....
    Accounting Basics :

    BJ Motors has annual average purchases of $200,000 and an ending accounts payable balance of $36,000. How long, on average, does the company take to pay for its purchases?

  • Q : What is the economic ordering quantity....
    Accounting Basics :

    A) What is the economic ordering quantity? B) What is the maximum inventory of fertilizer? C) What will Green Thumb's average inventory be?

  • Q : How much is ending amount of raw materials....
    Accounting Basics :

    At May 31, 2006, Beyonce Inc. has $4,500 in beginning raw materials, $6,000 of direct labor. If manufacturing overhead was $10,500, total manufacturing costs was $50,500 and total raw material purch

  • Q : Constant growth dividend discount model....
    Accounting Basics :

    According to the constant growth dividend discount model, an increase in the dividend growth rate of a stock will (everything else equal):

  • Q : Annual operating budget....
    Accounting Basics :

    Imagine you are the financial manager of a corporation responsible for approving next year's annual operating budget. The Marketing, R&D (Research and Development) and G&A (General & Adm

  • Q : Determine earnings per share....
    Accounting Basics :

    A firm has 1.5 million shares outstanding. EBIT is $5 million and interest paid is $2 million. If the corporate tax rate is 35%, what is earnings per share?

  • Q : Companies margins and profitability....
    Accounting Basics :

    I need to identify and describe at least three of the largest variable expenses for Microsoft and Novell, Inc's most recent fiscal years. Explain the financial impact each of those expenses has had

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