# accounting

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• variable and absorption costing

sales: 12,000 units at \$17 eachactual production 15,000 unitsexpected volume of production 18,000 unitsmanufacturing costs incurredVariable \$120,000Fixed 63,000nonmanufacturing costs incurredvariable \$24,000fixed \$18,0001. determine operating income, assuming the firm uses the variable-costing approach to product costing(do not prepare a statement).2. Assume that there is no january 1 inventory; no variances are allocated to inventory; and the firm uses a "full absorption" approach to product costing. computethe cost assigned to december 31 inventory and operating income for the year ended december 31(do not prepare a statement).

• Accounting Question

Whirly Corporation’s most recent Income Statement is shown below:Total Per UnitSales (10,000 units) \$350,000 \$35.00Variable expenses 200,000 20.00Contribution Margin 150,000 \$15.00Fixed expenses 135,000Net Operating income \$ 15,000Required: YOU MUST SHOW YOUR WORKPrepare a new contribution format Income Statement under each of the following conditions (consider each case independently):1. The sales volume increases by 100 units.2. The sales volume decreases by 100 units.3. The sales volume is 9,000 units.

• How do i get the excel documents that it shows icons for in the text book

How do i get the excel documents that it shows icons for in the text bookFrom: undefinedSource:ISBN: 1133714994 | Title: Advanced Accounting, 11th ed. | Publisher: CENGAGE Learning

• Product Pricing

• Net Present Value

Exercise 12-7 Basic Net Present Value Analysis [LO1]Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning. For example, sixyears ago she paid \$22,000 for 930 shares of Malti Company's common stock. She received a \$651 cash dividend on the stock at the end of each yearfor six years. At the end of six years, she sold the stock for \$22,800. Kathy would like to earn a return of at least 13% on all of herinvestments. She is not sure whether the Malti Company stock provided a 13% return and would like some help with the necessary computations.(Ignore income taxes.)Required:(a)Determine the net present value.

• Accounting Question

Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for thesecond quarter given below:April May June TotalBudgeted sales (all on account) \$300,000 \$500,000 \$200,000 \$1,000,000From past experience, the company has learned that 20% of a month’s sales are collected in the month of the sale, another 70% are collected in the month following thesale, and the remaining 10% are collected in the second month following the sale. Bad debts are negligible and can be ignored. February sales totaled \$230,000, andMarch sales totaled \$260,000.Required: YOU MUST SHOW YOUR WORK1. Prepare a schedule of expected cash collections from sales, by month and in total for the second quarter.2. Assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date.

• cooperate fiance

What is rate must you obtain to be able to afford a \$100,000 boat in 10 years if you are willing to put aside \$1,000 each quarter and have \$50,000 set asidetoday?And what amount would the investor collect if the this investment used daily compounding?

• ABC

true or false2. Activity-based costing is appropriate for a company that has low overhead costs that are proportional to the unit volumes of products. ( )

• Taxation

Scott, age 49, is an abandoned spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of \$75,000 and itemized deductions of\$9,500. What will be the taxable income for 2011.

• MANAGERIAL ACCOUNTING

A REGRESSION ANALYSIS YIELD THE FOLLOWING EQUATION:TOTAL COSTS= \$81,126 + (\$35.03* ACTIVITY LEVEL IN UNITS)WHAT IS THE ESTIMATED COST FOR A PRODUCTION LEVEL OF 1200 UNITS?

How Business Create ValueYou are considering opening a shop in a nearby mall that willsell specilaty T-shirts. T-shirts, containing designs and wordsselected by customers, will be producedfor customers on order. Youwill need to borrow \$25,000 to begin operations. A local bank hasagreed to consider a loan and has asked for a summary plan todemonstatethe performance you expect from your company and yourability to repay the loan. You will pay \$5.50 for T-shirts and willsell them for \$8. The cost of paint andsupplies will be .50 pershirt. An examination of similar stores at other malls indicatesthat you should be able to sell an average of 1,000 shirts permonth. Rentfor your store will be \$300 per month. Utilities willbe \$150 per month, on average. Wages will be \$800 per month.Calculate the expected profit of your company for the firstyear of operation.Explain how a bank loan officer may use your profitprojections to help make the lending decisions.

• Financial Statement

Below find the trial balance for Nybrostrand Company. Prepare an income statement and balance sheet in good format. After you have completed the two statements commenton the success of the company. Support your answer with information from the financial statements you just prepared.Nybrostrand Company31-Dec-11Trial Balance (accounts in alphabetical order)Debit CreditAccounts payable \$ 67,000Accounts receivable \$ 24,500Cash 16,700Common stock 10,000Depreciation expense 24,350Cost of goods sold 254,000Equipment (net of depreciation) 425,000Insurance 1,400Inventory 25,000Long-term debt 145,000Marketing 4,500Paid-in capital 90,000Property taxes 8,900Rent 18,000Retained earnings ?Revenues 456,000Salaries 67,500Utilities 6,700Total 876,550 768,000The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references inAPA format.

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• Cost Accounting

A company has the following annual budget data:Beginning finished goods inventory 40000 unitsSales 70000 unitsEnding Finished Goods Inventory 30000 unitsDirect Materials \$10 per unitDirect Labor \$20 per unitVariable factory overhead \$5 per unitSelling costs \$2 per unitFixed factory overhead 80000What are total budgeted production costs for the year? (CIA adapted)a. 2,100,000 b. 2,180,000 c. 2,240,000 d. 2,320,000

• accounting

Buffalo Tom Cruises purchased a five-year insurance policy for its ships on April 1, 2012 for \$50,000. Assuming that April 1 is the effective date of the policy, theadjusting entry on December 31, 2012 isInsurance Expense 2,500Prepaid Insurance 2,500Prepaid Insurance 7,500Insurance Expense 7,500Insurance Expense 10,000Prepaid Insurance 10,000Insurance Expense 7,500Prepaid Insurance 7,500

• plz Help, I Rate LIFESAVER

x.øi5 width="620" style="font-size: 12px; ">York's outstanding stock consists of (a) 32,000 shares of noncumulative 8% preferred stock with a \$10 par value and (b) 80,000shares of common stock with a \$1 par value. During its first four years of operation, the corporation declared and paid the following cashdividends:2006\$20,000200727,000200880,0002009197,000Requirement 1:Determine the amount of dividends paid each year to each of the two classes of stockholders. (Leave no cells blank - be certain toenter "0" wherever required. Omit the "\$" sign in your response.)PreferredCommon2006\$\$2007\$\$2008\$\$2009\$\$Requirement 2:Compute the total dividends paid to each class for the four years combined. (Omit the "\$" sign in your response.)Preferred]¶ x.øi5="center" style="margin-top: 4px; margin-bottom: 4px; ">Common

• Budgetary planning

NIU Company's budgeted sales and direct materials purchase areas follows.MonthBudgetedSalesBudgetedD.M.purchasesJanuary\$200,000\$30,000February220,00035,000March270,00041,000Niu's sales are 40% cash and 60% credit. Credit sales arecollected 10% in the month of sale, 50% in the month following thesale and 36% in the second monthfollowing the sale; 4% areuncollectible. NIU's purchases are 50% cash and 50% on account.Purchase on account are paid 40% in the month of purchase and 60%in themonth following purchase.Instructions:a. prepare a schedule of expected collections from customersfor matchb. prepare a schedle of expected payments for direct materialsfor match