3 days from now and i will bouns you 60 but only under one condition all the answr is correct i dont wanna fail this class its importants
Thank you for requesting me to answer your questions, but please note that you need to rate the answers to your previous post. Please note that experts do not get paid unless you rate the solution. So if you want me to help with those questions, please go to the other post and rate the solution & add the bonus as agreed.
iam i will add ur bouns i already - sumit the answers iam waiting for school for grading
But that was not our agreement sanhamada.
I do not mind because I am 100 Sure of my solutions yet this was not our agreement that you will wait until you get the assignment graded especially that we have worked with each other before and you know the quality of the answers I provide.
When is the deadline for this one please?
i know but u seems not believing me iam not gonna - iam waitiing for grading today i will recieved and if ipass i pay ur right away and rate your answers
dead line tuesday thank you
Not at all :)
I was just telling you that it was not our agreement :)
Ok, I will start working on the new questions so that I post the solutions before the deadline. For future posts though, when you request me to answer your posts, please make sure to type "For BusinessTutor" at the beginning of the post so that other experts know you are requesting me.
Please confirm that you will add a $60 bonus here
okay :) i wants you do all my home works i trust you - deal 60 $
Thank you :)
Will start on it today.
Please do not respond to this message as this would lock me out of replyingto other posts and cause a delay in getting back to you
Here you go :)
Please remember that we have agreed on a $60 bonus for this one. You can add the difference from the other post here as well
iam waiting for garading
sorry stilll waiting for grading so far first test i Got 80%
also i forget one more test including with these exames :
1. (Ignore income taxes in this problem.) The following data pertain to an investment:
Cost of the investment
Life of the project
Annual cost savings
Estimated salvage value
The net present value of the proposed investment is
2. Fonics Corporation is considering the following three competing investment proposals:
Aye Bee Cee
Initial investment required $62,000 $74,000 $95,000
Net present value $10,000 $8,000 $12,000
Internal rate of return 15% 17% 18%
Using the project profitability index, how would the above investments be ranked (highest to lowest)?
A. Bee, Cee, Aye
B. Aye, Cee, Bee
C. Aye, Bee, Cee
D. Cee, Bee, Aye
Use the following information to answer this question.
The most recent balance sheet and income statement of Teramoto Corporation appear below:
Comparative Balance Sheet
Cash and cash equivalents
Plant and equipment
Less accumulated depreciation
Liabilities and stockholders' equity
Total liabilities and stockholders' equity
Cost of good sold
Selling and administrative expense
Net operating income
3. The net cash provided by (used by) investing activities for the year was
4. Centerville Company's debt-to-equity ratio is 0.60 Total assets are $320,000, current assets are $170,000, and working capital is $80,000. Centerville's long-term liabilities must be
Financial statements for Larkins Company appear below:
Statement of Financial Position
December 31, Year 2 and Year 1
(dollars in thousands)
Year 2 Year 1
Cash and marketable securities
Accounts receivable, net
Total current assets
Plant & equipment, net
Total assets $2,110 $2,010
Notes payable, short term
Total current liabilities
Preferred stock, $20 par, 10%
Common stock, $10 par
Additional paid-in capital--common stock
Total stockholders' equity
Total liabilities & stockholders' equity
For the Year Ended December 31, Year 2
Sales (all on account)
Cost of goods sold
Net income before taxes
Income taxes (30%)
Net income $2,760
Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.
5. Larkins Company's earnings per share of common stock for Year 2 was closest to:
6. Part N19 is used by Malouf Corporation to make one of its products. A total of 7,000 units of this part are produced and used every year. The company's Accounting Department reports the following costs of producing the part at this level of activity:
Variable manufacturing overhead
Depreciation of special equipment
Allocated general overhead
An outside supplier has offered to make the part and sell it to the company for $24.50 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. In addition, the space used to make part N19 could be used to make more of one of the company's other products, generating an additional segment margin of $25,000 per year for that product. What would be the impact on the company's overall net operating income of buying part N19 from the outside supplier?
A. Net operating income would decline by $10,700 per year.
B. Net operating income would decline by $21,900 per year.
C. Net operating income would increase by $25,000 per year.
D. Net operating income would decline by $60,700 per year.
7. Larkins Company's return on common stockholders' equity for Year 2 was closest to:
8. Degner Inc. has some material that originally cost $19,500. The material has a scrap value of $13,300 as is, but if reworked at a cost of $2,100, it could be sold for $14,000. What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as is as scrap?
9. Larkins Company's price-earnings ratio on December 31, Year 2 was closest to:
10. Kava Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditioners, is known as K65. Data concerning this product are given below:
Fixed manufacturing overhead
Variable selling expense
Fixed selling and administrative expense
The above per unit data are based on annual production of 4,000 units of the component. Direct labor can be considered to be a variable cost. (Source: CMA, adapted)
The company has received a special, one-time-only order for 500 units of component K65. There would be no variable selling expense on this special order, and the total fixed manufacturing overhead and fixed selling and administrative expenses of the company wouldn't be affected by the order. Assuming that Kava has excess capacity and can fill the order without cutting back on the production of any product, what is the minimum price per unit on the special order below which the company shouldn't go?
11. Larkins Company's return on total assets for Year 2 was closest to:
12. The net cash provided by (used by) operations for the year was
13. (Ignore income taxes in this problem.) The Keego Company is planning a $200,000 equipment investment that has an estimated five-year life with no estimated salvage value. The company has projected the following annual cash flows for the investment:
Assuming that the cash inflows occur evenly over the year, the payback period for the investment is _______ years.
14. Ignore income taxes in this problem.) Purvell Company has just acquired a new machine. Data on the machine follow:
Life of the machine
The company uses straight-line depreciation and a $5,000 salvage value. (The company considers salvage value in making depreciation deductions.) Assume cash flows occur uniformly throughout a year.
The simple rate of return would be closest to
15. A project profitability index greater than zero for a project indicates that
A. there has been a calculation error.
B. the project is unattractive and shouldn't be pursued.
C. the discount rate is less than the internal rate of return.
D. the company should reevaluate its discount rate.
16. The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
Sales (6,500 Tams at $130 each)
Variable cost of sales
Variable distribution costs
Fixed advertising expense
Salary of product line manager
Net operating loss
Clemson Company is trying to determine whether to discontinue the manufacture and sale of Tams. The operating results reported above for last year are expected to continue in the foreseeable future if the product isn't dropped. The fixed manufacturing overhead represents the costs of production facilities and equipment that the Tam product shares with other products produced by Clemson. If the Tam product were dropped, there would be no change in the fixed manufacturing costs of the company.
Assume that discontinuing the manufacture and sale of Tams will have no effect on the sale of other product lines. If the company discontinues the Tam product line, the change in annual operating income (or loss) should be a
A. $90,000 decrease.
B. $65,000 decrease.
C. $55,000 decrease.
D. $70,000 increase.
17. Products A, B, and C are produced from a single raw material input. The raw material costs $90,000, from which 5,000 units of A, 10,000 units of B, and 15,000 units of C can be produced each period. Product A can be sold at the split-off point for $2 per unit, or it can be processed further at a cost of $12,500 and then sold for $5 per unit. Product A should be
A. processed further, since this will increase profits by $12,500 each period.
B. sold at the split-off point, since further processing will result in a loss of $2,500 each period.
C. sold at the split-off point, since further processing would result in a loss of $0.50 per unit.
D. processed further, since this will increase profits by $2,500 each period.
18. Larkins Company's dividend payout ratio for Year 2 was closest to:
19. Brittman Corporation makes three products that use the current constraint-a particular type of machine. Data concerning those products appear below:
IP NI YD
Selling price per unit $183.57 $207.74 $348.15
Variable cost per unit $144.42 $155.04 $269.50
Minutes on the constraint 2.90 3.40 5.50
Assume that sufficient constraint time is available to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource?
A. $78.65 per unit
B. $39.15 per unit
C. $15.50 per minute
D. $13.50 per minute
20. An increase in the market price of a company's common stock will immediately affect its
A. dividend yield ratio.
B. debt-to-equity ratio.
C. earnings per share of common stock.
D. dividend payout ratio.
also anther one :
1. Dewey Company uses the weighted-average method in its process-costing system. The first processing department, the Welding Department, started the month with 15,000 units in its beginning work-in-process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work-in-process inventory was $19,200. An additional 86,000 units were started into production during the month. There were 13,000 units in the ending work-in-process inventory of the Welding Department that were 60% complete with respect to conversion costs. A total of $575,360 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs is closest to
2. Freeman Company uses a predetermined overhead rate based on direct-labor hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $150,000 and direct-labor hours would be 10,000. The actual figures for the year were $186,000 for manufacturing overhead and 12,000 direct-labor hours. The cost records for the year will show
A. overapplied overhead of $30,000.
C. underapplied overhead of $6,000.
D. underapplied overhead of $30,000.
The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.
Raw materials, inventory, beginning
Raw materials, inventory, ending
Purchases of raw materials
Work in process inventory, beginning
Work in process inventory, ending
Finished goods inventory, beginning
Finished goods inventory, ending
3. The cost of the raw materials used in production during the year (in thousands of dollars) was
Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were
Cost Percent Complete
Material costs $6,000 50%
Conversion costs $9,900 30%
A total of 9,200 units were started, and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
Material costs $113,900
Conversion costs $322,500
The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that's the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
4. The total cost transferred from the first processing department to the next processing department during the month is closest to
5. The cost of goods manufactured (finished) for the year (in thousands of dollars) was
The following cost data pertain to the operations of Lefthand Department Stores, Inc., for the month of December.
Corporate legal office salaries
Shoe Department cost of sales,
Corporate headquarters building lease
Store manager's salary
Shoe Department sales commissions,
Shoe Department manager's salary,
Central warehouse lease cost
Janitorial costs, Brentwood Store
The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves all of the company's stores.
6. What is the total amount of the costs listed above that are direct costs of the Shoe Department?
7. What is the total amount of the costs listed above that are not direct costs of the Brentwood Store?
8. What are the equivalent units for conversion costs for the month in the first processing department?
9. The Sarbanes-Oxley Act of 2002 contains all of the following provisions except which one?
A. Severe penalties are established for altering or destroying documents that may eventually be used in an official proceeding.
B. A CFO must be a CPA or CMA.
C. The audit committee of the board of directors of a company must hire, compensate, and terminate the public accounting firm that audits the company's financial reports.
D. Both the CEO and CFO must certify in writing that their company's financial statements and accompanying disclosures fairly represent the results of operations.
The Lee Company uses a job-order costing system. The following data were recorded for June:
Added During June----
Work in Process
235 $2,500 $600 $400
236 $1,500 $800 $1,000
237 $1,000 $1,200 $1,750
238 $800 $1,500 $2,250
Overhead is charged to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers.
10. Lee Company's cost of goods sold for June was
11. The cost of goods sold for the year (in thousands of dollars) was
12. Lee Company's work-in-process inventory balance on June 30 was
13. The net operating income for the year (in thousands of dollars) was
14. Becky works on the assembly line of a manufacturing company where she installs a component part for one of the company's products. She's paid $16 per hour for regular time, and time and a half for all work in excess of 40 hours per week. Becky's employer offers fringe benefits that cost the company $3 for each hour of employee time (both regular and overtime). During a given week, Becky works 42 hours but is idle for 3 hours due to material shortages. The company treats all fringe benefits relating to direct labor as added direct labor cost and the remainder as part of manufacturing overhead. The allocation of Becky's wages and fringe benefits for the week between direct labor cost and manufacturing overhead would be which of the following?
B. Direct Labor: $741 / Manufacturing Overhead: $73
C. Direct Labor: $624 / Manufacturing Overhead: $190
D. Direct Labor: $688 / Manufacturing Overhead: $126
15. The management of Baggerly Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine hours, and the estimated amount of the allocation base for the upcoming year is 81,000 machine hours. In addition, capacity is 95,000 machine hours, and the actual level of activity for the year is 84,900 machine hours. All of the manufacturing overhead is fixed and is $6,617,700 per year. For simplicity, it's assumed that this is the estimated manufacturing overhead for the year as well as the manufacturing overhead at capacity. It's further assumed that this is also the actual amount of manufacturing overhead for the year. If the company bases its predetermined overhead rate on capacity, by how much was manufacturing overhead underapplied or overapplied?
A. $703,566 underapplied
B. $318,630 overapplied
C. $703,566 overapplied
16. Assume there's no beginning work-in-process inventory and that the ending work-in-process inventory is 100% complete with respect to materials costs. The number of equivalent units with respect to materials costs under the weighted-average method is
B. the same as the number of units put into production.
17. Which person would occupy a line position in a department store?
I. Sales manager
II. Manager, furniture department
III. Manager, advertising department
IV. Manager, personnel department
B. I, II, III, IV
C. Only I and II
D. Only I, II, III
18. Assume there's no beginning work-in-process inventory and the ending work-in-process inventory is 70% complete with respect to conversion costs. Under the weighted-average method, the number of equivalent units of production with respect to conversion costs would be
A. less than the units started during the period.
B. the same as the units started during the period.
C. less than the units completed.
19. Melillo Corporation has provided data concerning the company's manufacturing overhead account for the month of October. Prior to the closing of the overapplied or underapplied balance to cost of goods sold, the total of the debits to the manufacturing overhead account was $67,000, and the total of the credits to the account was $57,000.
Which statement is true?
A. Manufacturing overhead applied to work in process for the month was $67,000.
B. Manufacturing overhead transferred from finished goods to cost of goods sold during the month was $57,000.
D. Actual manufacturing overhead for the month was $67,000.
Sanker Inc. has provided the following data for the month of August. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Goods Cost of
Goods Sold Total
Direct materials $2,790 $7,680 $18,240 $28,710
Direct labor 9,700 19,200 45,600 74,500
overhead applied 5,440 8,000 18,560 32,000
Total $17,930 $34,880 $82,400 $135,210
Manufacturing overhead for the month was overapplied by $5,000. The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
20. The work-in-process inventory at the end of August after allocation of any underapplied or overapplied overhead for the month is closest to
I apologize I cannot answer those questions until you rate the old answer (It has been there since September 27th which is almost a month). It is also against the site rules to post a new set of questions on an old post, so once you rate the solution and add the bonus (as agreed), you can make a new post and type "For BusinessTutor" at the beginning of the post and tell me the deadline
so far iam waiting for two more to grade
I apologize sam, I cannot do it. Those questions are very long, it took me many hours to answer, and I have posted the answers almost a month ago and I am 100% sure of my solutions and you know that I always provided you with 100% correct solutions.
If you want me to work on your new questions, you need to pay for the old; if you do not agree, then you can make a new post and not address the post to any particular expert.
Sorry about that
how mush the old bouns together
Thank you for getting back to me sam :)
The amount of bonus is $40
i will add new question and plus bouns so total is 80 dollar
You mean add a question to the above questions?
I would prefer that you make a new post (Type "For BusinessTutor" at the beginning of the post), and list all the questions you need help specifying the bonus you are willing to add so that there is no confusion. Also, please advise the deadline