Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Mumias Milling Company purchased a grinder at a cost of Sh.5.5 million. The grinder has expected life of 6 years. It is being depreciated at 12% per year on cost. The operational costs per year is expected to be sh. 150,000 and the manager's salary will be sh. 20,000 per month.Due to increased efficiency, the profit before depreciation is expected to increase by Sh.1400,000 every year till the usage is expired. The salvage value of the grinder is estimated at Sh.310,000 at the end of it is expected useful life. The company's tax is 30% and the after-tax cost of capital is 10 %. The grinder will be installed at sh.350,000 and the transportation costs to the business premises will be sh. 45,000.
Required
Question 1: Assess the suitability of this investment using both discounting and non-discounting methods.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd