Acc 422 – Week 2 Solutions – Individual Assignments EXERCISE 8-5 (15–20 minutes) (a) Inventory December 31‚ 2007 (unadjusted) $234‚890 Transaction 2 13‚420 Transaction 3 -0- Transaction 4 -0- Transaction 5 8‚540 Transaction 6 (10‚438) Transaction 7 (10‚520) Transaction 8 1‚500 Inventory December 31‚ 2007 (adjusted) $237‚392 (b) Transaction 3 Sales 12‚800 Accounts Receivable 12‚800 (To reverse sale entry in 2007) Transaction 4 Purchases
Premium Inventory Accounts receivable FIFO and LIFO accounting
MTT (Set 5 with answer) 1) The following is selected information from the records of Ray‚ Inc.: Purchases of raw materials $ 6‚000 Raw materials‚ beginning 500 Raw materials‚ ending 800 Work-in-process‚ beginning 0 Work-in-process‚ ending 0 Cost of goods sold 12‚000 Finished goods‚ beginning 1‚200 Finished goods‚ ending 1‚400 What is the total amount of conversion costs? a. $5‚500 b. $5‚900 c. $6‚100 d. $6‚500 ANSWER: Choice "d" is correct. Conversion costs (labor and overhead)
Premium Manufacturing Costs Marketing
ACC 206 new Week 5 Assignment Final Paper http://www.homeworkwarehouse.com/downloads/acc-206-new-week-5-assignment-final-paper/ ACC 206 new Week 5 Assignment Final Paper Focus of the Final Paper You’ve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million‚ a 25% increase from the previous year. The company has an aggressive growth
Premium Cash flow Depreciation
Business economics assignment Part A 1. Many firms have similar cost structures‚ it might be possible to predict the prices of other competing organizations. Also cost plus pricing is simple to compute. Markup= (price-cost)/ cost price= cost (1+markup) P= Lab+ Mat+ Mkt+ F/Q+Z*A/Q Q: planned output A: gross operating assets Z: desired profit rate MR=P/ (1+1/Z) if firm is maximizing profit: MC=MR=P/ (1+1/Z) P= MC* [1/ (1+ 1/Z)] So profit maximizing price is a mark up on marginal
Premium Economics Marketing Cost
a grocery store (2) F. Office managers salary in a doctors office (1) G. Utilities for the corporate offices of a toy manufacturer (2) H. Line supervisors salary for a clothing manufacturing firm (2) I. Training seminar for sales staff of a service firm (N/A) J. Fuel used in a trucking firm (1) K. Paper used at a printing business (1) L. Oil for machinery at a plastics manufacturing firm (1) M. Food used at a restaurant (1) N. Windshields used for a car manufacturer
Premium Costs Cost Variable cost
Sandra Wilson Week 2 Discussion 1 Dreams Do Come True Imagine that you have decided you need a new car‚ but not any car will do; you have decided to purchase the car of your dreams. Conduct some research as to the cost of this car. You have determined in this imagined scenario that you could afford to make a 10% down payment. You can borrow the balance either from your local bank using a four-year loan or from the dealership’s finance company. If you purchase from your dealership’s finance
Premium Automobile English-language films Walking
Reaction to Friedman‚ Week One Lisa Marcum Mount Vernon Nazarene University MAN 6093 Global Business GBD012ON January 08‚ 2015 Dr. Sacha Walicord Reaction to Friedman‚ Week One “The world is flat” is not a simple statement to understand. Globalization has made a profound change in business and is continuing to happen throughout the world. There has been an “…emergence of completely new social‚ political‚ and business models” (Friedman‚ 2007‚ p. 48). According to Friedman (2007) the
Premium Laborer The World Is Flat World Wide Web
This file comprises CSS 422 Week 5 Final Presentation Software Architecture Computer Science - General Computer Science Learning Team Software Architecture Project Finalize and submit the graphical presentation of the software architecture for Riordan Manufacturing. Set time aside each day for studying. College life presents many distractions‚ but academic success should be your foremost priority. Promise yourself at least one complete study hour each day. Even
Premium Project management Management Manufacturing
E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4. Paid $17‚500 for parking lots and driveways on new plant site. 5. Paid $250 to have company name and advertising slogan painted on new
Premium Depreciation
1. Based on historical data‚ you have estimated the following probability distributions for the returns on two individual securities (SMALL and BIG) and the value-weighted market portfolio: State probability Small Big Market Expansion 0.30 25% 8% 12% Normal 0.5 15% 6% 10% Recession 0.20 0% 2% 3% a) Calculate the expected return and standard deviation of return for Small‚ Big and the market portfolio b) Calculate the covariance between Small and Big; between Small
Premium Investment Rate of return Bond