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The spreadsheet should include 5 worksheets as follows:
1. Company information
2. Income Statement (2 worksheets)
3. Balance Sheet
4. Financial statement ratios related to accounts specific to cost accounting for your corporation. Vertical and horizontal analysis are important, particularly for the income statement. Consider cost components. How are they changing from year to year? How is the balance sheet, especially stockholders' equity, changing? For example, ratios related to the three inventory accounts, calculation of cost of goods sold, different product line sales in relation to total sales, etc. Be creative and create meaningful cost accounting ratios to assist management's decision making.
a. Formulas must be embedded into the cells (preferable) or written beside the cells.
Consolidated Statement of Earnings:
Consolidated Statement of Comprehensive Income:
Consolidated Statement of Financial Position:
What are the estimated cash disbursements in October
Kelsey is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for merchandise for the next three months follow:
Receivable accounts of Gulistan - Make the necessary correcting entries
Nile Riverboat company a major boat building company highly sensitive to the economy, expects profits next year to be $2,000,000 if the economy is strong, $1,2000,000 if the economy is steady and minus $400,000 if the economy is weak.
You are approached by a big software house which wants to purchase the right to manufacture and distribute the product. What minimum price would you be willing to sell the software?
Compute the cost of ending inventory using FIFO and compute the cost of ending inventory using LIFO.
the accounting standards refer to the preferred method of asset and liability valuation as lsquofair value. a review of
Who are the potential stakeholders involved in this situation? What alternatives does Tony have in this situation? What might the company do to prevent this situation from occurring?
One source of cash savings for a company is improved management of inventory.
Prepare the statement of activities and the statement of net assets on a government-wide basis (using full accrual accounting).
Identify Cost of packing products for shipment, Lease of sales staff automobiles and Plastic bags that hold small screws that customers use to assemble products.
Calculate the flexible-budget variance - calculate the production-volume variance and was the total factory overhead under or overapplied? By what amount?
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