User Account

All Pages

Calculate Alia Company economic profit and comment

Assignment Help Managerial Accounting
Reference no: EM132990446

Question - Alia Company LLC, Sharjah has the following details of their business:

Sales revenue of AED. 1.2 million

AED. 600,000 on labor,

AED. 150,000 on manufacturing expenses

AED. 200,000 on raw materials.

AED. 100,000 to Alia as salary

The Company's factory sits on land owned by the firm that could be rented out for AED. 30,000 per year.

1. Calculate Alia Company's accounting profit and comment.

2. Calculate Alia Company's economic profit and comment.

Reference no: EM132990446

Questions Cloud

Introduction to contractor safety : Considering that contractors, subcontractors, independent contractors, and temporary workers come from all different backgrounds and cultural differences,
Introduction to contractor safety : We often see people of different cultures and backgrounds, some of which understand just the English language and those who understand just Spanish.
Prepare the journal entries on Dunbar Company books : Prepare the journal entries on Dunbar Company's books, assuming that it uses the net price method to record its merchandise
Evaluate the data analysis and interpretation : Evaluate the data analysis and interpretation. Does the data support the hypothesis and help answer the research question? Support your answer.
Calculate Alia Company economic profit and comment : The Company's factory sits on land owned by the firm that could be rented out for AED. 30,000 per year. Calculate Alia Company economic profit and comment
Identify multicultural-multi-trade difference challenges : Explain hazard identification and awareness. Identify multicultural / multi-trade difference challenges.
Compute the Basic and Diluted Earnings Per Share : Compute the Basic and Diluted Earnings Per Share (EPS) for the year ended on 30/06/2019 as per the International Accounting Standard (IAS) # 33
Explain what is a hedging arrangement : Question - Explain what is a hedging arrangement and how does it reduce foreign currency risk exposure
Baseline security requirements : What are baseline security requirements that should be applied to the design and implementation of applications, databases, systems, network infrastructure

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What are intels projected obligations on long-term debt

What are the maturities on Intel's Long-term debt, what are Intel's projected obligations on Long-Term Debt and Payments due by period and what is the par or stated value of Intel's preference shares?

  Determine the labor rate variance

Ander Company has the following information concerning its direct labor: Determine the labor rate variance and whether it is favorable or unfavorable

  How about from the standpoint of the public accountants

Reflect on the inflection point imposed on the accounting profession through the Sarbanes-Oxley Act (SOX). Discuss three points of the new law.

  Find the assessment of a service industry

Assessment of a service industry. Evaluate the differences between Activity Based Costing and the traditional costing method in today's organization

  Demonstrate the payback period is

The annual cost savings resulting from the purpose of this machine is $120,000. Assume a tax rate of 20 per cent. The payback period is

  Which inventory valuation is most relevant

Which inventory valuation above is most relevant for decision making purposes? Explain your answer. Calculate the gross profit for the month of March 2017

  Determine the cost per equivalent unit for August

The cost incurred was $720,000. Using the FIFO method, Faust had 120,000 equivalent units for August. Determine the cost per equivalent unit for August

  What advice to the management team

What advice and recommendation would you give to the management team if they are in the midst of considering digital and technology adoption

  How much is expected to be spent for materials purchases

For next year, 21,000 units of finished goods have to be produced, How much is expected to be spent for materials purchases next year

  Compute customer margin for the lason family

Activity-based costing system, compute the customer margin for the Lason family. Round off all calculations to the nearest whole cent.

  Should betsy take the new job

Should Betsy take the new job - does your answer change if Betsy's utility function is U=Y0.9? Why?

  What would be easton pump company finished-goods

What would be Easton Pump Company's finished-goods inventory cost on December 31 under the variable-costing method? (Do not round intermediate)

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd