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Case: Using the Demo File (posted under the Document Folder on Class Blackboard page) and demonstration of Nov 15, 2022, solve the following:
Break Even Calculation: Assuming that ABC LLC manufactures calculators and the selling price per unit = $15, fixed cost for manufacturing = $5,000, and variable cost per unit = $10, solve for the number of units the company have to produce to break-even.
Max Revenue: Assume the Profit per Table = 9 and Profit per Chair = 7; Maximum carpentary hours = 2000 and it takes 3 hours to build one table and 5 to build one chair; Maximum painting hours available are 1500 and each table takes 3 hours to paint and each chair takes 2 chairs to paint; Maximum Chairs the company can make is: 500 and Minimum tables a company can make is 150. Solve for maximum possible profits with these constraints.
Interest on capital was allocated as $400 to Horerua and $250 to Situma. Situma also received a salary of $5,000. How much was the share of profit to Horeria
What is the present value of the dividend at the end of year 7? Siesta Corp. will pay a dividend of $7 per year for the next 10 years, and then stop paying.
DeWitt Engineering Ltd., Complete a corporate income statement for the year ended June 30, 2021. The company has a 30% income tax rate.
The land had a market value of $50,000 at the time she gave it to her sister. Determine the amount and character of her gain or loss
Prepare the entries that both companies would have made on their separate books, including the accrual of interest.
Berg-Warner Automotive uses job costing in which factory overhead is applied on the basis of direct labor cost. Any overapplied or underapplied overhead is considered material. Calculate the firm’s predetermined factory overhead rate as a percentage ..
Which the cash from operations to total debt ratio equals? cash from operations - CAPEX/short term debt + long term debt./ gross profit - taxes
Provide two (2) examples that demonstrate a change in your theories of financial accounting for managers since the beginning of this course.
Casas Modernas of Juarez, Mexico, is contemplating a major change in its cost structure. Currently, all of its drafting work is performed by skilled draftsmen. Rafael Jiminez, Casas’ owner, is considering replacing the draftsmen with a computerized d..
Cheeseburger and Taco Company purchases 14,161. Company is using Economic Order Quantity model in placing the orders. How many orders will be placed each year?
Prepare a document flowchart for the following information flow:- The shipping department sends a copy of all shipping orders to the data-entry department.- A data-entry operator keys the information from a shipping order onto a diskette.
Calculate the appropriate capitalization rate on general borrowings that would be used for capitalization of borrowing costs.
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