Financial Accounting

1. Compute gross margin , contributory income and operating income for both rest

1. Compute gross margin , contributory income and operating income for both restaurants. 2. Calculate a common-size vertical income statement for each restaurant. $38,700 $18,800 …

1. Compute the 2017 budgeted direct-cost rates for (a) professional partners and

1. Compute the 2017 budgeted direct-cost rates for (a) professional partners and (b) professional associates. 2. Compute the 2017 budgeted indirect-cost rates for (a) general supp…

1. Compute the Springfield club’s return on investment (ROI). Margin ________% T

1. Compute the Springfield club’s return on investment (ROI). Margin ________% Turnover _________ ROI____________% 2. Assume that the manager of the club is able to increase sales…

1. Compute the amount of accumulated depreciation on each bus at December 31, 20

1. Compute the amount of accumulated depreciation on each bus at December 31, 2011 for bus 1, 2, and 3 2. If bus no. 2 was purchased on April 1 instead of January 1, what is the d…

1. Compute the average total depreciable life of assets in use for Wal-Mart at t

1. Compute the average total depreciable life of assets in use for Wal-Mart at the end of Jan 31, 2015. 2.Compute the average age to date of depreciable assets in use for Wal-Mart…

1. Compute the cost of products transferred from production to finish goods and

1. Compute the cost of products transferred from production to finish goods and cost of good sold. 2. Prepare summary journal entries dated May 31 to record the following producti…

1. Compute the costs of goods available. 2. Compute the number of units in endin

1. Compute the costs of goods available. 2. Compute the number of units in ending inventory 3. Compute the costs assigned to ending inventory FIFO, LIFO, weighted average and spec…

1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute

1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015. Simon Company's year-end balance shee…

1. Compute the direct materials cost variance, including its price and quantity

1. Compute the direct materials cost variance, including its price and quantity variances. 2. Compute the direct labor cost variance, including its rate and efficiency variances. …

1. Compute the direct materials price and quantity variances and explain their s

1. Compute the direct materials price and quantity variances and explain their significance. 2. Compute the direct labor rate and efficiency variances and explain their significan…

1. Compute the increase or decrease of actual unit sales for the year ended Dece

1. Compute the increase or decrease of actual unit sales for the year ended December 31, 2014, over budget. Use the minus sign to indicate a decrease in amount and percent. Round …

1. Compute the manufacturing overhead allocated to each customer in 2015 using t

1. Compute the manufacturing overhead allocated to each customer in 2015 using the simple costing system that uses machine-hours as the allocation base. 2.compute the manufacturin…

1. Compute the number of units started during July. 2. 3. Compute the number of

1. Compute the number of units started during July. 2. 3. Compute the number of units started and completed. Why is the stage of completion for the work in process inventories irr…

1. Compute the overhead variance\'s for the month: variable overhead cost varian

1. Compute the overhead variance's for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume v…

1. Compute the predetermined overhead rate. (Round your answer to 2 decimal plac

1. Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate $ per MH 2. During the year Job 500 was started and completed. The…

1. Compute the weighted average number of outstanding common shares used to comp

1. Compute the weighted average number of outstanding common shares used to compute Retro's basic earnings per share for 2014. Information Related to 2014 common stock issuances, …

1. Compute total machine setups and inspection costs assigned to each product, u

1. Compute total machine setups and inspection costs assigned to each product, using a single overhead rate. 2. Compute total machine setups and inspection costs assigned to each …

1. Computer equipment was acquired at the beginning of the year at a cost of $65

1. Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determ…

1. Concam Inc. manufactures television sets. Last month direct materials such as

1. Concam Inc. manufactures television sets. Last month direct materials such as electronic components, costing 500,000 were put into production. Direct labor of 800,000 dollars w…

1. Consider Champion Manufacturing’s pricing problem for a new project: Suppose

1. Consider Champion Manufacturing’s pricing problem for a new project: Suppose it has estimated its total fixed costs (costs of renting land, maintenance of facilities etc.) at $…

1. Consider a family where both the husband and wife work, and assume each spous

1. Consider a family where both the husband and wife work, and assume each spouse has three more years to work (after the current year) before retirement. The table below indicate…

1. Consider a pollution problem involving a paper mill located on a river and a

1. Consider a pollution problem involving a paper mill located on a river and a commercial salmon ?shery operating on the same river. The ?shery can operate at one of two location…

1. Consider a retail store importing unlocked smart phones from overseas. The mo

1. Consider a retail store importing unlocked smart phones from overseas. The monthly demand for phones is 100. The store carries half the lead time demand as safety inventory. Ea…

1. Consider an economy with 5 identical consumers who each have the demand funct

1. Consider an economy with 5 identical consumers who each have the demand function below for a public good. The economy's supply schedule is on the right. Individual Demand Marke…

1. Consider the following balance sheet for Popes Creek Bank (in millions) Balan

1. Consider the following balance sheet for Popes Creek Bank (in millions) Balance Sheet (unit: $ millions) Assets Floating-rate mortgages (currently 10% annually) Liabilities 1-y…

1. Consider the following costs incurred in a recent period: What was the total

1. Consider the following costs incurred in a recent period: What was the total amount of the period costs listed above for the period? $37,000 $46,000 $71,000 $78,000 2. The Lyon…

1. Consider the following data, which relate to the two divisions of McIntyre Pr

1. Consider the following data, which relate to the two divisions of McIntyre Products: Compare the two divisions in terms of return on investment and residual income. In the past…

1. Consider the following facts: - At the beginning of the year, Company A paid

1. Consider the following facts: - At the beginning of the year, Company A paid $900,000 for an investment in the common stock of Company B. - The investment was for 87,500 shares…

1. Consider the following facts: - Company A has available-for-sale equity inves

1. Consider the following facts: - Company A has available-for-sale equity investments. Which of the following statements is true regarding the accounting for these investments? A…

1. Consider the following facts: - Company A has issued 10%, nonparticipating, c

1. Consider the following facts: - Company A has issued 10%, nonparticipating, cumulative preferred stock with total par value of $400,000. - It also issued common stock with tota…

1. Consider the following facts: - Company A sells contracts that have multiple

1. Consider the following facts: - Company A sells contracts that have multiple performance obligations. Company A should account for the contracts as a single performance obligat…

1. Consider the following facts: - Company A sells goods on credit to Company B

1. Consider the following facts: - Company A sells goods on credit to Company B on July 9. - The total sale was for $3,000. - The terms of the sale were 1/10, n/60 - Company A rec…

1. Consider the following facts: - Company A uses the perpetual inventory system

1. Consider the following facts: - Company A uses the perpetual inventory system - It records inventory purchases at net cost - It purchased goods for $6,000 with credit terms of …

1. Consider the following facts: - On July 31, Company A contracted to have two

1. Consider the following facts: - On July 31, Company A contracted to have two products built by Company B for a total of $185,000. - The contract specifies payment will only occ…

1. Consider the following information for YumYum Inc. as of December 31, 2015: Y

1. Consider the following information for YumYum Inc. as of December 31, 2015: YumYum has a service contract with a maintenance company. The contract is for cleaning services at a…

1. Consider the following information for YumYum Inc. as of December 31, 2015: Y

1. Consider the following information for YumYum Inc. as of December 31, 2015: YumYum has a service contract with a maintenance company. The contract is for cleaning services at a…

1. Consider the following information from the financial statements of Para Inc.

1. Consider the following information from the financial statements of Para Inc. and SIG Co.                                                    P                               S S…

1. Consider the following information: direct materials used totaled $137,800; d

1.   Consider the following information: direct materials used totaled $137,800; direct labor amounted to $396,800; overhead was computed to be $789,600; Work in Process Inventory…

1. Consider the following statements about applying overhead to jobs in a job-or

1. Consider the following statements about applying overhead to jobs in a job-order costing system. Overhead can be applied when the job is completed. Overhead can be applied slow…

1. Consider the following statements: L. In the final stage of the audit, analyt

1. Consider the following statements: L. In the final stage of the audit, analytical review is used to assess the auditors' conclusions (ie. audit opinion) regarding the overall f…

1. Consider the variables y (exam grades) and x (hours of study). In this case,

1. Consider the variables y (exam grades) and x (hours of study). In this case, y is likely to be the independent variable. a. True b. False 2. An ordered pair is a set of x and y…

1. Consider two investments that you can make. You can either buy a share of sto

1. Consider two investments that you can make. You can either buy a share of stock in a company that will pay a dividend of $ 15 every year into the foreseeable future, or a buy a…

1. Considering both employee and employer payroll taxes, use the preceding infor

1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company. 2 &3. Prepare the journal entry to re…

1. Cooper, Inc., is constructing a building that qualifies for interest capitali

1. Cooper, Inc., is constructing a building that qualifies for interest capitalization. The following information is available: Capitalization period: January 1, 2013-December 31,…

1. Corn Doggy, Inc. produces and sells corn dogs. The com dogs are dipped by han

1. Corn Doggy, Inc. produces and sells corn dogs. The com dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn d…

1. Cost of Goods Manufactured represents A.The amount of cost charged to Work in

1. Cost of Goods Manufactured represents A.The amount of cost charged to Work in Process during the period B.The amount of cost transferred from Finished Goods to Cost of Goods So…

1. Cost of goods manufactured, $1,262,816 PR 18-5A Statement of cost of goods ma

1. Cost of goods manufactured, $1,262,816 PR 18-5A Statement of cost of goods manufactured and income statement for a manufacturing company OBJ. 2, 3 The following information is …

1. Cost per EUP DM $19.00 Cascy Carpet manufactures broadloom carpct in seven pr

1. Cost per EUP DM $19.00 Cascy Carpet manufactures broadloom carpct in seven processes: spinning, dycing plying, spooling, tufting, latexing, and shearing In the Dyeing Departmen…

1. Cost treatment. Consider the following costs of Shamrock Company: • Cost of g

1. Cost treatment. Consider the following costs of Shamrock Company: • Cost of grading land prior to construction • Cost of material used during trial runs of new machinery • Deli…

1. Could you help me to find the right anwer with process? In May of 2010, Raymo

1. Could you help me to find the right anwer with process? In May of 2010, Raymond Financial Services became involved in a tax dispute with the IRS. On December 31, 2010, the tax …