Financial Accounting

You are reviewing a cost proposal, which includes an $800,200 direct material es

You are reviewing a cost proposal, which includes an $800,200 direct material estimate. After initial examination of the proposal, you note that there are 500 material items, but …

You are reviewing the December 31, 2011 financial statements of Ellie\'s Antique

You are reviewing the December 31, 2011 financial statements of Ellie's Antiques that is considering an initial public offering of their shares. The following items come to your a…

You are reviewing the December 31, 2011 financial statements of Ellie\'s Antique

You are reviewing the December 31, 2011 financial statements of Ellie's Antiques that is considering an initial public offering of their shares. The following items come to your a…

You are reviewing the property, plant, and equiptment working papers of Mandvill

You are reviewing the property, plant, and equiptment working papers of Mandville corporation, a company that publishes travel guides. 1. Land: The addition represents the purchas…

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $15,800 at the end of each year for the next 9 yea…

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $30,000 at the end of each year for the next 10 ye…

You are saving for retirement. To live comfortably, you decide that you will nee

You are saving for retirement. To live comfortably, you decide that you will need $2.5 million dollars by the time you are 65. If today is your 30th birthday, and you decide, star…

You are saving for the college education of your four children. They are one yea

You are saving for the college education of your four children. They are one year apart in age; one will begin college in 8 years (Year 8), another in 9 years, another in 10 years…

You are saving for the college education of your two children. They are two year

You are saving for the college education of your two children. They are two years apart in age; one will begin college 14 years from today and the other will begin 16 years from t…

You are saving for your child\'s education since you did not participate in the

You are saving for your child's education since you did not participate in the Texas Tomorrow Fund. Your child is turned one today. Starting next quarter, you will deposit $500 ev…

You are starting your own restaurant business and have personally saved $100,000

You are starting your own restaurant business and have personally saved $100,000 over the years to invest in it. You really need $200,000 in total cash to purchase everything you …

You are student prepar n tora ob interve with a ortune 1?) consumer products man

You are student prepar n tora ob interve with a ortune 1?) consumer products manu acturer You are applying tor a ob n te nance department his company ts known or its ngorous case-…

You are studying to enter professions that require high moral and ethical behavi

You are studying to enter professions that require high moral and ethical behavior. Your commitment to such standards should begin in this class and continue through every class i…

You are tasked with comparing the tax savings from two different depreciation me

You are tasked with comparing the tax savings from two different depreciation methods. You’ve purchased an asset for $100,000. It has a depreciable life of 5 years. The marginal t…

You are testing accounts receivable at Calabro Wireless Services. The informatio

You are testing accounts receivable at Calabro Wireless Services. The information related to accounts receivable is noted below: Risk of material misstatement is high and risk of …

You are the Accountant for WanneBee Corporation WannaBee Corporation has $1,500,

You are the Accountant for WanneBee Corporation WannaBee Corporation has $1,500,000 of Receivables on December 31, 2000. WannaBee uses the Allowance Method and historical data ind…

You are the Accountant for WanneBee Corporation WannaBee Corporation has $1,500,

You are the Accountant for WanneBee Corporation WannaBee Corporation has $1,500,000 of Receivables on December 31, 2000. WannaBee uses the Allowance Method and historical data ind…

You are the CEO of Blue and Gold Furniture Company (a household goods manufactur

You are the CEO of Blue and Gold Furniture Company (a household goods manufacturing firm) and have just been briefed on some promising new production machinery which will enable 3…

You are the CEO of Dry Bottoms Diaper Service, which provides cloth diaper deliv

You are the CEO of Dry Bottoms Diaper Service, which provides cloth diaper delivery, pick up, and laundering. Your customer base consists of a small number of upper middle class a…

You are the CEO of a firm. Your cash pay comes from a bonus plan. The performanc

You are the CEO of a firm. Your cash pay comes from a bonus plan. The performance measure used in your bonus plan is earnings before interest and taxes. You do not receive a bonus…

You are the CFO for Tom & Jerry’s, Inc. Together with Tom Fheelein and Jerry Rho

You are the CFO for Tom & Jerry’s, Inc. Together with Tom Fheelein and Jerry Rhodeint, the company’s two shareholders, you are examining the following statement of cash flows …

You are the CFO for Tom & Jerry’s, Inc. Together with Tom Fheelein and Jerry Rho

You are the CFO for Tom & Jerry’s, Inc. Together with Tom Fheelein and Jerry Rhodeint, the company’s two shareholders, you are examining the following statement of cash flows …

You are the CFO of Ford Motor Company (the company) considering taking on a proj

You are the CFO of Ford Motor Company (the company) considering taking on a project that requires $10 million in preliminary funding (in other words, the project will acquire $10 …

You are the CFO of Thunderduck Energy, Inc, a public company that specializes in

You are the CFO of Thunderduck Energy, Inc, a public company that specializes in the exploration and development of natural gas. It's near year-end, and you have been in several m…

You are the CFO of Thunderduck Energy, Inc, a public company that specializes in

You are the CFO of Thunderduck Energy, Inc, a public company that specializes in the exploration and development of natural gas. It's near year-end, and you have been in several m…

You are the CFO of Thunderduck Energy, Inc, a public company that specializes in

You are the CFO of Thunderduck Energy, Inc, a public company that specializes in the exploration and development of natural gas. It's near year-end, and you have been in several m…

You are the Chief Economic Advisor of the President of Dreamland. Right now the

You are the Chief Economic Advisor of the President of Dreamland. Right now the country has unemployment of 4.0 % . The country has suffered a severe recession few years ago and i…

You are the Chief Financial Officer of Hilton Ltd, a large manufacturing company

You are the Chief Financial Officer of Hilton Ltd, a large manufacturing company operating within the Asian-pacific region. The CEO, Mr Ray Ellis, has just returned from a shareho…

You are the Chief Human Resource Officer (CHRO) at your organization. As the CHR

You are the Chief Human Resource Officer (CHRO) at your organization. As the CHRO, one of your primary roles is to be the workforce strategist. Your organization is planning to ex…

You are the Controller of MetroCity. The new Mayor Cara Carter has limited knowl

You are the Controller of MetroCity. The new Mayor Cara Carter has limited knowledge of Government Accounting. She is particulary confused about the following two issues: 1. The r…

You are the Director of Security at Grey Corporation. Grey Corporation is a larg

You are the Director of Security at Grey Corporation. Grey Corporation is a large multi-national company. Black Corporation is one of Grey’s suppliers. A disgruntled Black Corpora…

You are the Director of the Managerial Accounting Department of a mid-size manuf

You are the Director of the Managerial Accounting Department of a mid-size manufacturer of industrial and consumer products for the 3-D printing industry. The company is privately…

You are the Finance Director of the Town of Blue Mountain. Presented below is th

You are the Finance Director of the Town of Blue Mountain. Presented below is the trial balance for a Capital Projects Fund of the Town at October 31, 2013. The Town Engineer has …

You are the Mayor of your city. It is time for you to begin developing the budge

You are the Mayor of your city. It is time for you to begin developing the budget for the next fiscal year. You are at the table with your departments heads. You already know that…

You are the Partner-in-Charge of a large metropolitan office of a regional CIA f

You are the Partner-in-Charge of a large metropolitan office of a regional CIA firm. Two members of your professional staff have come to you to discuss problems that may affect th…

You are the Payroll Manager for a large manufacturing company that has a unioniz

You are the Payroll Manager for a large manufacturing company that has a unionized workforce. The company is entering the collective agreement negotiating process and you would li…

You are the Vice President of Operations for Willowbrook Company, a decentralize

You are the Vice President of Operations for Willowbrook Company, a decentralized company that makes several varieties of drinks (soft drinks, cider-based drinks, and coffee drink…

You are the Vice President of Operations for Willowbrook Company, a decentralize

You are the Vice President of Operations for Willowbrook Company, a decentralized company that makes several varieties of drinks, making soft drinks, cider-based drinks, and coffe…

You are the Vice President of Operations for Willowbrook Company, a decentralize

You are the Vice President of Operations for Willowbrook Company, a decentralized company that makes several varieties of drinks, making soft drinks, cider-based drinks, and coffe…

You are the accountant at Viewpoint Accounting, a global accounting firm. During

You are the accountant at Viewpoint Accounting, a global accounting firm. During last week’s departmental meeting, you were assigned to investigate recently released enforcement c…

You are the accountant for Jolly Fitness, a health club. The business owner is c

You are the accountant for Jolly Fitness, a health club. The business owner is concerned about low revenue. There are 3 situations related to this club: A.The membership fees are …

You are the accountant for Sepang Bikes, a manufacturer of sturdy mountain bikes

You are the accountant for Sepang Bikes, a manufacturer of sturdy mountain bikes for intermediate level bikers. The entity’s managers are forecasting an increase in the sales beca…

You are the accountant for Smart Construction Company, a large construction comp

You are the accountant for Smart Construction Company, a large construction company in Colorado. You have been presented with the following financial information for Smart and ask…

You are the accountant for a division of a company that is constructing a buildi

You are the accountant for a division of a company that is constructing a building for its own use. It is January 2011, and you are working on closing the books for 2010. The CEO …

You are the accountant for a division of a company that is constructing a buildi

You are the accountant for a division of a company that is constructing a building for its own use. It is January 2011, and you are working on closing the books for 2010. The CEO …

You are the accountant for a small business. On January 2, 2014, the business pu

You are the accountant for a small business. On January 2, 2014, the business purchased a large piece of equipment for $500,000. At that time, you used straight line depreciation,…

You are the accountant of South Company. The company bought a machine for $900,0

You are the accountant of South Company. The company bought a machine for $900,000 April 2015. The machine had an estimated residual value of S100,000, and had estimated us life o…

You are the advisor of a Junior Achievement group in a local high school. You ne

You are the advisor of a Junior Achievement group in a local high school. You need to help the group make a decision about fees that must be paid to sell gardening tools at the Ho…

You are the assistant controller in charge of general ledger accounting at River

You are the assistant controller in charge of general ledger accounting at Riverside Bottling Company. Your company has a large loan from an insurance company. The loan agreement …

You are the audit committee chair for a large construction company. A year ago y

You are the audit committee chair for a large construction company. A year ago you purchased a development company in Europe for approximately $100 million. This company has alrea…