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Question 1: Think up some computerized device or online service that does not exist, but that you would be proud to help develo. Describe you idea, explain why it would be of value, and identify major risks or obstacle.
Determine Direct materials efficiency (usage) variance and Direct materials joint price-quantity variance (defined as: (AP-SP) x (AQ-SQ)).
Most Company has an opportunity to invest in one of two new projects. Project Y requires a $350,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $350,000 investment for new machinery with a three-year ..
Ollie Mace is the controller of SDC, an automotive parts manufacturing firm. Its four major operating divisions are heat treating, extruding, small parts stamping, and machining. Last year’s sales from each division ranged from $150,000 to $3,000,000..
when the parts were received and payment was made, the spot rate was $.28 per stickle. At what amount should inventory be reported?
How much cash did "Lawson Software inc,." provide from operating activities for the current year and prior year? What was the rate of change from 2009 to 2010? How does this rate of change in operating cash flow compare to the rate of change in..
Packer Concrete Company pours concrete slabs for single-family dwellings. Wolff Construction Company, which operates outside Packer’s normal sales territory, asks Packer to pour 49 slabs for Wolff’s new development of homes. Calculate the contributio..
Determine How does carrying securities at fair value differ from the equity method in reporting income from nonsubsidiary investments?
What is the price for a call option using the Black-Scholes Model - Suppose now that the Goodman Industries (1) trades at a current stock price
loss on disposal of discontinued music division $20,000. The income tax rate is 40%. Create a correct income statement, beginning with income before income taxes
Analysis shows that adjusting entries were made to (1) accrue $6,900 of service revenue and (2) accrue $1,200 interest expense. Prepare the closing entries for the temporary accounts shown above at December 31. Prepare the reversing entries on Januar..
The Masterson Company accepted a $30,000, 120 day, 11% interest bearing note dated December 15, 2007 from one of their customers. The customer eventually paid the note at its maturity value. Based on a 360-day year, what amount should Masterson repor..
Garfun, Inc., owns all of the stock of Simon, Inc. For 2014, Garfun reports income (exclusive of any investment income) of $480,000. Garfun has 80,000 shares of common stock outstanding. It also has 5,000 shares of preferred stock outstanding that pa..
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