The following information is a

(Three Differences, No Beginning Deferred Taxes, Multiple Rates) The following information is available for Rammers for 2010.

1. reported on the tax return exceeded reported on the income statement by $120,000. This difference will reverse in equal amounts of $30,000 over the years 2011–2014.

2. Interest received on municipal was $10,000.

3. Rent collected in advance on January 1, 2010, totaled $60,000 for a 3-year period. Of this amount, $40,000 was reported as unearned at December 31, for book purposes.

4. The tax rates are 40% for 2010 and 35% for 2011 and subsequent years.

5. Income taxes of $320,000 are due per the tax return for 2010.

6. No deferred taxes existed at the beginning of 2010.

(a) Compute taxable income for 2010.

(b) Compute pretax financial income for 2010.

(c) Prepare the journal entries to record income tax expense, deferred income taxes, and income taxes payable for 2010 and 2011. Assume taxable income was $980,000 in 2011.

(d) Prepare the income tax expense section of the income statement for 2010, beginning with “Income before income taxes.”

 
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The following information is a

The following information is available for three MPS items

Product A

Product B

Product C

An 80 unit order is to be started in week 3

A 55 unit order is to be started in week 6

A 125 unit order is to be started in week 5

A 60 unit order is to be started in week 4

Develop the material requirements plan for the next 6 weeks for items D, E, and F. The BOMs are shown In Figure, and data from the inventory records are shown in table. (Warning: A safety stock requirement applies to item F. Be sure to plan a receipt for any week in which the projected on-hand inventory becomes less than the safetystock.)

 
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The following information is a

The following information is available in respect of Theta entity.
Statement of comprehensive income for the year ended 31 December 2007

Statements of financial position as at

Statements of financial position as at

The sale proceeds from the sale of non-current assets was £108m. All interest due has been received and the interest payable has been paid.

Required:

(a) Prepare the statement of cash flows for Theta entity for the year ended 31 December 2007in accordance with IAS 7, Cash Flow Statements. (Notes to the statement of cash flows are not required.)

(b) Identify information that is provided by a statement of cash flows to users that is not provided by a statement

 
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The following information is a

The following information is available to assist you in preparing a bank reconciliation for Calico Corners on May 31, 2010:
a. The balance on the May 31, 2010, bank statement is $8,432.11.
b. Not included on the bank statement is a $1,250 deposit made by Calico Corners late on May 31.
c. A comparison between the canceled checks returned with the bank statement and the company records indicated that the following checks are outstanding at May 31:
No. 123 ……… $ 23.40
No. 127 ……… 145.00
No. 128 ……… 210.80
No. 130 ……… 67 .32
d. The Cash account on the company’s books shows a balance of $9,965.34.
e. The bank acts as a collection agency for interest earned on some municipal bonds held by Calico Corners. The May bank statement indicates interest of $465.00 earned during the month. f. Interest earned on the checking account and added to Calico Corners’ account during May was $54.60. Miscellaneous bank service charges amounted to $50.00.
g. A customer’s NSF check in the amount of $166.00 was returned with the May bank statement.
h. A comparison between the deposits listed on the bank statement and the company’s books revealed that a customer’s check in the amount of $123.45 was recorded on the books during May but was never added to the company’s account. The bank erroneously added the check to the account of Calico Closet, which has an account at the same bank.
i. The comparison of deposits per the bank statement with those per the books revealed that another customer’s check in the amount of $101.10 was correctly added to the company’s account. In recording the check on the company’s books, however, the accountant erroneously increased the Cash account by $1,011.00.

Required
1. Prepare a bank reconciliation in good form.
2. A friend says to you: “I don’t know why companies bother to prepare bank reconciliations—it seems a waste of time. Why don’t they just do like I do and adjust the Cash account for any difference between what the bank shows as a balance and what shows up in the books?” Explain to your friend why a bank reconciliation should be prepared as soon as a bank statement is received.

 
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The following information is a

The following information is available concerning Stillwater Inc.:

Stillwater, which uses a perpetual system, sold 1,000 units for $22 each during the year.
Sales occurred on the following dates:
Units
February 12 ……………. 150
April 30 ………………. 200
July 7 …………….. 200
September 6 …………… 300
December 3 ……………. 150
Required
1. Calculate and cost of goods sold for each of the following three methods:
a. Moving average
b. FIFO
c. LIFO
2. For each of the three methods, compare the results with those of Carter in Exercise 5-21. Which method gives a different answer depending on whether a company uses a periodic or a perpetual inventory system?
3. Assume the use of the perpetual system and an estimated tax rate of 30%. How much more or less (indicate which) will Stillwater pay in taxes by using LIFO instead of FIFO? Explain your answer.

 
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The following information is a

The following information is available for two samples selected from independent and similarly shaped right-skewed populations:

Sample 1: n1 = 5 1.1 2.3 2.9 3.6 14.7

Sample 2: n2 = 6 2.8 4.4 4.4 5.2 6.0 18.5

a. Replace the observed values with the corresponding ranks (where 1 = smallest value; n =n1 + n2 = 11 = largest value) in the combined samples.

b. What is the value of the test statistic T1?

c. Compute the value of T2, the sum of the ranks in the larger sample.

d. To check the accuracy of your rankings, use Equation (12.7) on page 450 to demonstrate that

T1 + T2 = n(n + 1)/2

 
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The following information is a

The following information is available from Bromfield Co.’s accounting records for the year ended December 31, 2016 (amounts in millions):

Cash dividends declared and paid…………………………$ 1,020

Interest and taxes paid……………………………………… 270

Collections from customers………………………………… 4,050

Payment of long-term debt………………………………… 660

Purchase of land and buildings…………………………….. 510

Cash paid to suppliers and employees……………………… 2,430

Issuance of preferred stock…………………………………. 900

Proceeds from the sale of equipment………………………… 120

Required:

a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2016.

b. Calculate the net cash provided (used) by investing activities.

c. Calculate the net cash provided (used) by financing activities.

d. Calculate the net increase (decrease) in cash for the year.

 
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The following information is a

The following information is available from Gray Co’s accounting records for the year ended December 31, 2016 (amounts in millions):

Cash dividends declared and paid……………………………… $ 525

Retirement of bonds payable at maturity……………………….. 300

Interest and taxes paid………………………………………….. 220

Proceeds of issued……………………………… 825

Proceeds from the sale of land………………………………….. 250

Collections from customers……………………………………… 4,720

Cash pad to suppliers and employees…………………………… ?

Purchase of buildings and equipment…………………………… ?

Required:

a. The net cash provided by operating activities for Gray Co. for the year ended December 31, 2016. is $1200 million. Calculate the cash paid to suppliers and employees.

b. The increase in cash for the year was $400 million. Calculate the amount of cash used to purchase buildings and equipment. Your answer to part a should be considered in your calculation. (Set up a model of the statement of cash flows to determine the net cash provided used) by operating and investing activities, and then solve for the missing amounts.)

 
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The following information is a

The following information is available from the balance sheets at the ends of the two most recent years and the income statement for the most recent year of Impact Company:

Other Information
a. Short-term notes payable represents a 12-month loan that matured in November 2010. Interest of 12% was paid at maturity.
b. One million dollars of serial bonds had been issued ten years earlier. The first series of $200,000 matured at the end of 2010, with interest of 8% payable annually.
c. Cash flow from operations was $185,000 in 2010. The amounts of interest and taxes paid during 2010 were $89,000 and $96,000, respectively.
Required
1. Compute the following for Impact Company:
a. The debt-to-equity ratio at December 31, 2010, and December 31, 2009
b. The times interest earned ratio for 2010
c. The debt service coverage ratio for 2010
2. Comment on Impact€™s at the end of 2010. Do the times interest earned ratio and the debt service coverage ratio differ in their indication of Impact€™s ability to pay its debts?Explain.

 
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The following information is a

The following information is available for Cooters Garage for March 2012:

The following is a list of checks and deposits recorded on the books of Cooters Garage for March 2012:

Other Information
1. Check no. 1462 was outstanding from February.
2. A credit memo for collection of was included in the bank statement.
3. All checks were paid at the correct amount.
4. The bank statement included a debit memo for service charges.
5. The February 28 bank reconciliation showed a deposit in transit of $1,000.
6. Check no. 1468 was for the purchase of equipment.
7. The unadjusted Cash account balance at March 31 was $16,868.

Required
a. Prepare the bank reconciliation for Cooters Garage at the end of March.
b. Explain how the adjustments described above affect the cashaccount.

 
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The following information is a

The following information is available for Skipper Pools, a manufacturer of above-ground swimming pool kits:

In its first year of operation, the company produced 10,000 units but was able to sell only 9,000 units. In its second year, the company needed to get rid of excess inventory (the extra 1,000 units produced but not sold in 2011), so it cut back production to 8,000 units.

Required
a. Calculate profit for both years using full costing.
b. Note that profit has declined in 2012.Is company performance actually worse in 2012 compared to 2011?
c. Calculate profit for both years using variable costing.
d. Does variable costing profit present a more realistic view of firm performance in the two years?Explain.

 
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The following information is a

The following information is available for Dunworth Canoes, a company that builds inexpensive aluminum canoes:

In its first year of operation, the company produced 18,000 units but was able to sell only 16,000 units, In its second year, the company needed to get rid of excess inventory (the extra 2,000 units produced but not sold in 2011) so it cut back production to 14,000 units.

Required
a. Calculate profit for both years using full costing.
b. Note that profit has declined in 2012. Is company performance actually worse in 2012 compared to 2011?
c. Calculate profit for both years using variable costing.
d. Does variable costing profit present a more realistic view of firm performance in the two years?Explain.

 
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The following information is a

The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $44,250 $31,700 Work in process 63,900 80,000 Finished goods 101,200 99,800 December 31 Advertising expense $ 400,000 Depreciation expense-office equipment 30,000 Depreciation expense-factory equipment 80,000 Direct labor 1,100,000 Heat, light, and power-factory 53,300 Indirect labor 115,000 Materials purchased 556,600 Office salaries expense 318,000 Property taxes-factory 40,000 Property taxes-office building 25,000 Rent expense-factory 27,000 Sales 3,850,000 Sales salaries expense 200,000 Supplies-factory 9,500 Miscellaneous costs-factory 11,400 Required: A. Prepare the 20Y8 statement of cost of goods manufactured.* B. Prepare the 20Y8 income statement.* * Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. “Less” or “Plus” will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

 
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The following information is a

The following information is available for Crane Company $2,600 Cash $6,280 Accounts receivable 3,900 Supplies 3,700 Accounts payable Interest payable 870 Unearned service revenue 580 Salaries and wages expense 43,300 4,200 Service revenue 820 Salaries and wages payable 31,500 Notes payable 650 Common

 
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The following information is a

Variable overheads

K6, 000

K6, 000

Calculate the following overhead variances

a.      Variable overhead cost variance

b.     Fixed overhead cost variance

c.      Fixed overhead expenditure variance

d.     Fixed overhead volume variance

e.     Fixed overhead efficiency variance

f.       Fixed overhead calendar variance

 
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The following information is a

The following information is available for the AR Corporation:

AR Corporation

Income Statement

For the Year Ended December 31, 2017

Service Revenue                                                                                 $ 900,000

Operating Expenses                                                                            700,000       

    Operating Income                                                                         $ 200,000

Gain on Investment Sale                                                                         10,000

    Net income Before Income Taxes                                                 $ 210,000

Loss on Sale of Investments                                                                    25,000

                                                                                                            $ 185,000

Income Tax Expense                                                                               90,000

  Net Income                                                                                     $  95,000

The following partial balance sheet information is also available for 2015 and 2014:

                                                                       2017               2016

Cash                                                            $ 655,000        $ 435,000

Accounts Receivable                                     120,000            100,000

Merchandise Inventory                                   40,000             50,000

Supplies                                                           10,000              20,000

L.T. Investments                                            35,000              80,000

Accounts Payable                                             70,000              60,000

Income Taxes Payable                                     10,000             15,000

In addition, the following transactions took place during 2017:

1. Common stock was issued for $100,000 cash.

2. Long-term investments were sold for $55,000.

3. Cash dividends of $80,000 were paid.

4. The operating expenses included depreciation of $30,000.

Required: Prepare in good form, a cash flow statement for 2017 using the indirect method for AR Corporation.

 
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The following information is a

178.     The following information is available for completed job No. 402: Direct materials, $60,000; direct lablor,$90,000; manufacturing overhead allocated, $45,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the remaining finished goods available for sale from this job is

20.       an essay of which you argue for or against the following statement:

“Despite the principles of prospect theory, game theory offers the most useful perspective when thinking about strategic choices.”

 
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The following information is a

6.Life insurance proceeds on the ex-CEO is $2,500,000 which was paid on Dec. 1, 2015.

7.Life insurance premium for the ex-CEO is $12,500 which was paid on Feb. 1, 2015.

8.No deferred taxes existed at the beginning of 2015.

(a) Compute Taxable income for 2015

(b) Prepare the Journal entries to record income tax expense, deferred income taxes, and income taxes payable for 2015 and 2016. Assume Taxable income was $4,000,000 in 2016.

(c) Prepare the income tax expense section of the income statement for 2015, beginning with “Income before income taxes.”

 
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The following information is a

The following information is available for Elliot Company.

January 1, 2016

2016

December 31, 2016

Raw materials inventory

$26,000

$30,000

Work in process inventory

18,500

22,200

Finished goods inventory

30,000

21,000

Materials purchased

$170,000

Direct labor

230,000

Manufacturing overhead

180,000

Sales

800,000

Compute cost of goods manufactured.

Cost of goods manufactured

Prepare an income statement through gross profit.

ELLOIT COMPANY

Income Statement

December 31, 2016

:

 
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The following information is a

The following information is available for Jacqui’s Jewelry store: Net Income

$ 5,000

Depreciation

2,500

Increase in deferred tax liabilities

500

Decrease in accounts receivable

2,000

Increase in inventories

9,000

Decrease in accounts payable

5,000

Increase in accrued liabilities

1,000

Increase in property and equipment

14,000

Increase in short term notes payable

19,000

Decrease in long term bonds payable

4,000

Use the information above to answer to answer the next 4 questions.

 
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The following information is a

The following information is available for a completed Job No. 402: Direct materials, $60,000; direct labor, 90,000; manufacturing overhead applied, $ 45,000; units produced, 5,000 units; units sold, 4000 units. The cost of finished goods on hand from this job is

 
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The following information is a

The following information is available for GFI’s maintenance cost over the last seven months. Use the high low method to estimate the fixed and variable components of its maintenance cost. Would this be an effective way to estimate these costs? Justify your answer by explaining why this is an effective way or why it is not.

 
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The following information is a

The following information is available for XYZ Company:

Sales (in units) …………….. 5,000 units

Selling price ……………….. $40 per unit

Variable costs ………………. $16 per unit

Fixed costs (in total) ……….. $48,000

Calculate the number of units XYZ Company must sell in

order to earn a target profit equal to 35% of sales.

I got 4800.. is that correct?

 
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The following information is a

The following information is available about the Cameron Division of Spooner Company. Spooner requires a return of 8% from all divisions.Required: [Take all calculations to 4 decimal places] a. Compute the ROI for the Cameron Division.b. Compute the residual income for the Cameron Division

 
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The following information is a

1. The following information is available for the Albert and Allison Gaytor family in addition to that provided in Chapters 1-5.

Albert’s grandfather died and left a portfolio of municipal bonds. In 2017, they pay Albert $80,000 in tax-free interest. Since the bonds are private activity bonds, the $80,000 is a tax preference for purposes of the AMT. Assume for Chapters 6, 7, and 8 that Albert’s federal income tax withholding from his wages is $12,000, not $6,110.

 
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The following information is a

The following information is available for Colaw Corporation for the year ended December 31,

2012.

Beginning cash balance

$ 35,000

Accounts payable decrease

3,200

Depreciation expense

152,000

Accounts receivable increase

8,200

Inventory increase

13,000

Net income

269,100

Cash received for sale of land at book value

35,000

Sales

747,000

Cash dividends paid

12,000

Income tax payable increase

4,700

Cash used to purchase building

144,000

Cash used to purchase treasury stock

32,000

Cash received from issuing bonds

130,000

Instructions

Set up a statement of cash flows using the indirect method.

 
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The following information is a

The following information is available for the Avisa Company for the month of November: a. On November 30, after all transactions have been recorded, the balance in the company’s Cash account has a balance of $27,202. b. The company’s bank statement shows a balance on November 30 of $29,279. c. Outstanding checks at November 30 include check #3030 in the amount of $1,525 and check #3556 in the amount of $1,459. d. A credit memo included with the bank statement indicates that the bank collected $780 on a noninterest-bearing note receivable for Avisa. The bank deducted a $10 collection fee, and credited the remainder of $770 to Avisa’s account. e. A debit memo included with the bank statement shows a $67 NSF check from a customer, J. Brown. f. A deposit placed in the bank’s night depository on November 30 totaled $1,675, and did not appear on the bank statement. g. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450, but was recorded in the accounting records as $2,540. h. Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company’s books.

Based on the above information, prepare the November bank reconciliation and journal entries for the Avisa Company.

 
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The following information is a

The following information is available for Jade Company for the month ending June 30, 2014.

Balance as per the bank statement is $11240.

Balance as per book is $10200.

Check #506 for $1200 and check #510 for $900 were not shown on the June 30, bank statement.

A deposit in transit of $3110 had not been received by the bank statement was generated.

A bank debit memo indicated an NSF check $85 written by Jane Smith to Jade Company on June 13.

A bank credit memo indicated a note collected by the bank of $2100 and interest revenue of $55 on June 20.

The bank statement indicated service charges of $20.

Prepare bank reconciliation for Jade Company for June30, 2014

 
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The following information is a

The following information is available for Pepper Industries. a. All sales during the year were on account. b. There was no change in the number of shares of common stock outstanding during the year. c. The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year.d. Selected balances at the beginning of the current year were: ——————————————————————————–e. Selected financial ratios computed from the statements for the current year are: Return on total assets 12 % ——————————————————————————–Required: Compute the missing amounts on the company’s financial statements. (Round average number of common shares outstanding to nearest thousand, Debt-to equity ratio to 3 decimal places, Total stockholders’ equity to nearest thousand and your final answers to the nearest whole dollar amount. Omit the “$” sign in your response.)Pepper IndustriesIncome StatementFor the Year Ended March 31 Interest expense 69,000 Net income $ ——————————————————————————–Pepper IndustriesBalance SheetMarch 31 Total assets $ Total liabilities and equity $

 
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The following information is a

The following information is available for Quayle Company:

           Sales                                                                                   $600,000

           Sales Returns and Allowances                                               20,000

           Cost of Goods Sold                                                              398,000

           Selling Expense                                                                      69,000

           Administrative Expense                                                          25,000

           Interest Expense                                                                     19,000

           Interest Revenue                                                                    20,000

Instructions

  1. Use the above information to make a multiple-step income statement for the year ended December 31, 2016.
 
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The following information is a

The following information is available to reconcile Litner Co.’s book balance of cash with its bank statement cash balance as of April 30. The April 30 cash balance according to the accounting records is $78,356, and the bank statement cash balance for that date is $83,525.
 
 a. The bank erroneously cleared a $480 check against the account in April that was not issued by Litner. The check documentation included with the bank statement indicates the check was actually issued by Lightning Co.
 b. On April 30, the bank issued a credit memorandum for $53 interest earned on Litner’s account.
 c. When the April checks are compared with entries in the accounting records, it is found that Check No. 1828 had been correctly drawn for $1,530 to pay for advertising but was erroneously entered in the accounting records as $1,350
 d. A credit memorandum indicates that the bank collected $10,000 cash on a note receivable for Litner, deducted a $30 collection fee, and credited the balance to the company’s Cash account. Litner did not record this transaction before receiving the statement.
 e. A debit memorandum of $895 is enclosed with the bank statement for an NSF check for $870 received from a customer. The bank assessed a $25 fee for processing it.
 f. Litner’s April 30 daily cash receipts of $5,102 were placed in the bank’s night depository on that date, but do not appear on the April 30 bank statement.
 g. Litner’s April 30 cash disbursements journal indicates that Check No. 1837 for $584 and Check No. 1840 for $1,219 were both written and entered in the accounting records, but are not among the canceled checks.
 
1. Prepare the bank reconciliation for this company as of April 30.2. Prepare the journal entries necessary to bring the company’s book balance of cash into conformity with the reconciled cash balance as of April 30.

 
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The following information is a

The following information is available for the first month of operations of Url Inc., a manufacturer of art and craft items:Sales – $1,200,000Gross Profit – $320,000Indirect Labor – 110,000Indirect materials- 45,000Other factory overhead – 20,000Materials purchased – 610,000Total manufacturing costs for the period – 1,325,000Materials Inventory, end of period – 45,000Using the above information, determine the following missing amounts:a. Cost of goods sold b. Direct materials cost c. Direct labor costThank you!so far I have A.a. COGS = 1,200,000 – 320,000 = 880,000b. DM cost = 610,000 – 45,000 = 565,000c. DL cost = 1,325,000 – 565,000 – 110,000 – 45,000 – 20,000 = 585,000Please tell me where I’m going wrong?

If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board),It will show all calculations and formulas AutomaticallyQuestion:The…

 
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The following information is a

The following information is available for the pension plan of Brady Company for the year 2010. Actual and expected return on plan assets $15,000 Benefits paid to retirees 40,000 Contributions (funding) 90,000 Interest/discount rate 10% Prior service cost amortization 8,000 Projected benefit obligation, January 1, 2010 500,000 Service cost 60,000 (a) Compute pension expense for the year 2010. (b) Prepare the journal entry to record pension expense and the employer’s contribution to the pension plan in 2010.

 
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The following information is a

Using the high-low method, the estimated total fixed cost for utilities is:

l.The cerrect eptien is {e} 32,1110 Using the high—lew rdethed, calculate the estimated tetal flared ceat fer utilities a5fellewa: Fined element ef everhead cest is calculated as fellewa:…

 
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The following information is a

The following information is available for Carla Vista Inc., a company whose shares are traded on the Toronto Stock Exchange:

Net income for 2017 $154,000Average market price of common shares during 2017 (adjusted for stock dividend) $19December 31, 2017 (fiscal year end) market price of common shares $19Income tax rate for fiscal year 2017 30%

Transactions in common shares during 2017: Change Cumulative sharesJan. 1, 2017, common shares outstanding   80,000Mar. 1, 2017, issuance of common shares 20,000 100,000June 1, 2017, 10% stock dividend 10,000 110,000Nov. 1, 2017, repurchase of common shares (20,000) 90,000

Other information:

1.For all of the fiscal year 2017, $99,000 of 6% cumulative convertible bonds have been outstanding. The bonds were issued at par and are convertible into a total of 12,000 common shares (adjusted for the stock dividend) at the option of the holder, and at any time after issuance.2.Stock options for 21,700 common shares have been outstanding for the entire 2017 fiscal year, and are exercisable at the option price of $24 per share (adjusted for the stock dividend).3.For all of the fiscal year 2017, $99,000 of 4% cumulative convertible preferred shares have been outstanding. The preferred shares are convertible into a total of 14,200 common shares (adjusted for the stock dividend) at the option of the holder, and at any time after January 2022.

Determine the weighted average number of common shares that would be used in calculating earnings per share for the year ended December 31, 2017. (Round answer to 0 decimal places, e.g. 5,275.)

Weighted average number of common shares:

 
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The following information is a

1. The following information is available on the percentage rates of return on various assets for the last three years. You determine that this is a sample which is representative of the data population for these securities.

Security

Share A

Share B

Market Government Bonds

Year 1−6% 32%

Year 2−18%−22%

Year 3 60% 35% 20% 10%

50% −10% 10% 10%

  1. (a) Consider only shares A and B for this part. Compute the portfolio weights that yield the portfolio of A and B which has the lowest possible standard deviation. Then compute that portfolio’s expected return and standard deviation. Hint: Write down the formula for this, then compute all the ingredients you require.
  2. (b) What is the numerical equation for the Capital Markets Line in this situation?
  3. (c) Do shares A and B plot on the Securities Market Line? Hint: you will have to determine Betas in order to figure this out.
 
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The following information is a

The following information is available for Lyle corporation for the month of Junebeginning inventory 8units at $20 = $160Purchased, june 3 5 units at $22 = $110Purchased, June 5 7 units at $24 = $168sold, June 9 9 unitsPurchased, June 15 8 units at $26 -= $208sold, june 19 7 unitsGiven this information, the perpetual LIFO ending inventory balance is

 
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The following information is a

The following information is available for Hapley Company: · The November 30 bank statement shows a $1,895 balance. · The general ledger shows a $1,742 balance at November 30. · A $795 deposit placed in the bank’s night depository on November 30 does not appear on the November 30 bank statement. · Outstanding checks amount to $638 at November 30. · A customer’s $335 note was collected by the bank in November. A collection fee of $15 was deducted by the bank and the difference deposited in Hapley’s account. · A bank service charge of $10 is deducted by the bank and appears on the November 30 bank statement. How will the customer’s note appear on Hapley’s November 30 bank reconciliation? a. $320 appears as an addition to the book balance of cash. b. $320 appears as a deduction from the book balance of cash. c. $320 appears as an addition to the bank balance of cash. d. $320 appears as a deduction from the bank balance of cash. e. $335 appears as an addition to the bank balance of cash.

 
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The following information is a

The following information is available.

The sample mean is 49, and the sample size is 36. The population follows the normal distribution and the standard deviation is 5. Use the .05 significance level.

 

 
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The following information is a

The following information is available for Carla Vista Inc., a company whose shares are traded on the Toronto Stock Exchange:

Net income for 2017 $154,000Average market price of common shares during 2017 (adjusted for stock dividend) $19December 31, 2017 (fiscal year end) market price of common shares $19Income tax rate for fiscal year 2017 30%

Transactions in common shares during 2017: Change Cumulative sharesJan. 1, 2017, common shares outstanding   80,000Mar. 1, 2017, issuance of common shares 20,000 100,000June 1, 2017, 10% stock dividend 10,000 110,000Nov. 1, 2017, repurchase of common shares (20,000) 90,000

Other information:

1.For all of the fiscal year 2017, $99,000 of 6% cumulative convertible bonds have been outstanding. The bonds were issued at par and are convertible into a total of 12,000 common shares (adjusted for the stock dividend) at the option of the holder, and at any time after issuance.2.Stock options for 21,700 common shares have been outstanding for the entire 2017 fiscal year, and are exercisable at the option price of $24 per share (adjusted for the stock dividend).3.For all of the fiscal year 2017, $99,000 of 4% cumulative convertible preferred shares have been outstanding. The preferred shares are convertible into a total of 14,200 common shares (adjusted for the stock dividend) at the option of the holder, and at any time after January 2022.

Determine the weighted average number of common shares that would be used in calculating earnings per share for the year ended December 31, 2017. (Round answer to 0 decimal places, e.g. 5,275.)

Weighted average number of common shares:

 
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The following information is a

1. The following information is available on the percentage rates of return on various assets for the last three years. You determine that this is a sample which is representative of the data population for these securities.

Security

Share A

Share B

Market Government Bonds

Year 1−6% 32%

Year 2−18%−22%

Year 3 60% 35% 20% 10%

50% −10% 10% 10%

  1. (a) Consider only shares A and B for this part. Compute the portfolio weights that yield the portfolio of A and B which has the lowest possible standard deviation. Then compute that portfolio’s expected return and standard deviation. Hint: Write down the formula for this, then compute all the ingredients you require.
  2. (b) What is the numerical equation for the Capital Markets Line in this situation?
  3. (c) Do shares A and B plot on the Securities Market Line? Hint: you will have to determine Betas in order to figure this out.
 
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