BE12-1‚ BE12-4‚ BE12-5‚ BE12-6 Exercise: E12-5 BE 12-1 $450‚000 ÷ $50‚000 = 9 years BE 12-4 | | CashFlows | X | 9% DiscountFactor | = | PresentValue | | | | | | | | Present value of net annual cash flowsPresent value of salvage valueCapital investmentNet present value | | $34‚000 0 | XX | 5.53482 .50187 | == | ($188‚184)( 0)( 188‚184)( 200‚000)($ (11‚816) | The reduction in downtime would have to have a present value of at least $11‚816 in order for the project
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MOUNT SAINT VINCENT UNIVERSITY Halifax‚ Nova Scotia Department of Business & Tourism Business 3320 (All sections) Managerial Accounting I Course Outline Fall 2013 Welcome to BUSI3320 Managerial Accounting Why study Managerial Accounting? As a manager (current or future) you will need accounting information to help you make decisions that will enhance your organization. You will learn how to develop and apply this information in the real world. Hopefully you will learn critical thinking skills
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April purchases 110‚000 $110‚000 220‚000 May purchases 146‚250 $146‚250 292‚500 June purchases 105‚000 105‚000 Total cash payments $195‚750 $256‚250 $251‚250 $703‚250 2. Cravat Sales Company Cash Budget For the Three Months Ending June 30 April May June Quarter Cash balance‚ beginning $ 14‚000 $ 10‚250 $ 10‚000 $ 14‚000 Add receipts from customers (Part 1 b.) 230‚000 286‚000 370‚000 886
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description F 1. Nature of conceptual framework. T 2. Conceptual framework definition. F 3. Levels of conceptual framework. T 4 International conceptual framework. F 5. Statements of Financial Accounting Concepts. T 6. Decision usefulness.Objective of financial reporting. F 7. Financial statement users. T 8. Relevance and
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Analysis of Physical Flow of Units: Physical Units in beginning Work in Process: 50‚000 Add: Physical Units started 200‚000 Less: Physical Units completed & transferred out 190‚000 Equals: Physical units in ending Work in Process 60‚000 2. Calculation of Equivalent Units % of completion w/respect Physical Units to conversion Direct Materials Conversion Work in Process‚ June 1 50‚000 40% Units started during June 200‚000 Total units to account for 250‚000 Units completed
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Net income Assume there are no other expenses or costs in MM Co. $95‚000 $67‚000 $15‚000 $7‚000 $12‚000 $41‚000 $44‚000 $26‚000 $16‚500 $7‚500 $25‚000 $6‚000 $101‚000 $102‚000 $233‚000 $344‚000 $127‚000 $30‚000 Required: 1. 2. 3. 4. 5. 6. Compute the cost of goods sold in September. Compute the balance in finished wooden beds inventory at September 30. Compute the total manufacturing overhead. What’s the amount of total manufacturing cost in September? Compute
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job-order costing system. The following activity took place during the month of March: Required: Prepare journal entries to record the information above. Key your entries by the letters a through i. Assume all purchases are made on account. 1 2 2. Hirpara Inc. has provided the following data for July: Required: Prepare T-accounts for Raw Materials‚ Work in Process‚ Finished Goods‚ and Manufacturing Overhead‚ and Cost of Goods Sold. Record the beginning balances and each of the transactions
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EBF2043‚ Sem 2‚ 2012/13 Group Assignment AstaPack manufactures medicines that are related to allergy sickness which is packaged into the Breathe product line and the TravelPack line. The company sells large commercial containers of 1‚200 capsules to health care facilities and travel packs of 40 capsules to shops in airports and hotels. The finance manager has just returned from an ABC seminar and has been asked to assist in the development of an ABC system in the organization. The following
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Problem 19-2: Vt. Sugar Enterprises Given: Syrup Sugar Total Units produced 20‚000 1‚000 21‚000 Unit selling price $15.00 $2.00 Total process costs: After split-off $12‚000 $280 $12‚280 Joint costs $100‚000 a. Calculate the cost of the syrup if the sugar is considered a by-product and the gross margin from its sale is considered to be a reduction of syrup costs. Products Sales Value Costs beyond split-off Difference Joint costs allocation Syrup $300‚000 12‚000 288‚000
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order costing i. A manufacturer of fine custom jewelry- job order costing j. A made to order garment factory – job order costing k. A factory making one personal computer model – process costing l. A fertilizer factory – process costing 2) 2.1. a. |General Journal | |Accounts |Debit |Credit
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