9-1 Final Project

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I could really use some help with the first half of this problem    Curtis’s Coffee       Cookie Creations Cash                                       $7,500                      $11,630 Accounts receivable                  100                             800 Inventory                                    450                          1,200 Equipment                               2,500                          1,000* *Cookie Creations decided not to buy the delivery van considered in Chapter 9.   Combining forces will also allow Natalie and Curtis to pool their resources and buy a few more assets to run their new business venture. Curtis and Natalie then meet with a lawyer and form a corporation on November 1, 2023, called Cookie & Coffee Creations Inc. The articles of incorporation state that there will be two classes of shares that the corporation is authorized to issue: common shares and preferred shares. They authorize 100,000 no-par shares of common stock, and 10,000 no-par shares…

8 https://www.linkedin.com/learning/exams/summative/courses/accounting-foundations-2018 NG What is the best way for a small hardware store to compete against Home Depot, when Home Depot can charge less for the same products? Select an answer: Focus on customer service, and create relationships. Try to convince Home Depot to close its store. Buy cheaper, inferior products. Try to find suppliers who will charge less for their products. Skip Previous e to search

Problem 5-20 (Algo) Evaluating the Profitability of Services [LO5-2, LO5-3, LO5-4, LO5-5] Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $22.85 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers-particularly those located on remote ranches that require considerable travel time. The owner's daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, she designed a simple system consisting of four activity cost pools. The activity cost pools and their activity measures appear below: Activity Cost Pool Cleaning carpets Travel to jobs Job support Other (organization-sustaining costs and idle capacity costs) Activity Measure Square feet cleaned (005) Miles…

Manji

Knowledge Check 01 Match the term and the definition. 1. Adventure Holiday sells thousands of tour packages each month through its various branches. A branch manager's salary would be a(n). of selling a tour package. is a cost that is incurred to support a number of cost objects but cannot be 2 A traced to them individually 3. Adventure Holiday sells thousands of tour packages each month through its various branches A branch manager's salary would be a(n) of the branch

ok " t 0 inces Baird Corporation makes and sells state-of-the-art electronics products. One of its segments produces The Math Machine, an inexpensive calculator. The company's chief accountant recently prepared the following income statement showing annual revenues and expenses associated with the segment's operating activities. The relevant range for the production and sale of the calculators is between 32,000 and 66,000 units per year. Revenue (40,eee units $11.00) Unit-level variable costs Materials cost (40,000 $3.00) x Labor cost (40,000 × $2.00) Manufacturing overhead (40,000 x $0.50) Shipping and handling (40,000 × $0.32) Sales commissions (40,000 × $2.00) Contribution margin Fixed expenses Advertising costs Salary of production supervisor Allocated companywide facility-level expenses Net loss Complete this question by entering your answers in the tabs below. Req A Required a. A large discount store has approached the owner of Baird about buying 9,000 calculators. It would…

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16 O What is the EVPI? Success Moderate Success Failure Atter Probability 0.3 0.3 0.4 Sell Company 93 93 93 Form Joint Venture 210 120 16 Sell Software on own 420 244 100 Submit Answer format: Number: Round to: f decimal places. A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $228 profit on each sale, but suffers a loss of $7 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units? 17 Atempt Submit Answer format: Number: Round to 1 decimai piaces

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D Question 1 Examine the following income statement. What is the value of NMC? (Round your answer to the nearest dollar. Do not enter the dollar symbol.) Table 1. Hypothetical Income Statement Item Total Sales Revenue Cost of Goods Sold Parts & Materials $2,500,000 Direct Labor $1,000,000 Gross Profit Margin Marketing Expenses Salesforce Expenses $1,500,000 Sales Commissions $500,000 Trade and Media Advertising $300,000 Point-Of-Sale Materials $100,000 Coop Ad Allowances $500,000 Shipping Expenses $800,000 Manufacturing Overhead General & Administrative Expenses Administrative Overhead $250,000 Executive Salaries & Benefits $400,000 Operating Profit Dollar Amount $12,079,499 $3,500,000 $6,500,000 $3,700,000 $800,000 $650,000 $1,350,000

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6:37 transfer price-West Industries.pdf Intermediate Management Accounting Lesson 6-In-Class Problems ICP 7 West Industries is a highly decentralized corporation with independent operating divisions. Each division is evaluated and rewarded based on its total net income. One of the divisions, Visic, manufactures and sells air conditioners. Visic is projecting sales of 17,400 for next year. Another division, Weber, makes and sells compressors. Its projected income statement for next year follows: Weber Division Pro forma income statement For next year Per unit Total Sales revenues $100 $6.400,000 Less cost of goods sold: Direct materials Direct labour Variable overhead 12 8 10 768,000 512,000 640,000 Fixed overhead 11 41 704.000 2.624,000 Gross profit - 59 - 3.776,000 Operating expenses: Variable selling expenses Fixed selling expenses Fixed administrative expenses 384,000 256,000 448.000 1.088.000 4 17 $ 42 Pre-tax net income $2,688,000 Weber has the capacity to produce 75,000…

SNHU acc 202

Im looking for assistance with question 4 (bold below), including parts a and b Practice 1: & F., Inc. has developed a new product, the Number Cruncher 2000 to add to its ever-expanding offerings. After doing market research, it has determined that customers would be willing to pay $140 for the NC2000. D&F seeks to earn 25% profit on the product. At present, D&F makes a similar, old style model (The NC1000) for $101.25, which sells for $130.   What must the target cost be in order to earn the 25% profit that the company demands?   If D&F can adjust its costs to the target cost, the company estimates that it can sell 50,000 NC2000s. What would D&F’s profit be at this point?   How many of the old style NC1000s would have to be sold to reach the same profit?   D&F’s head of manufacturing operations is sensitive to the attainability of the cost projections in number 1 above. He has been analyzing the production process to  determine how long it takes for…

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Question based on modified problems 3.3 from the reference text [Flynn (2009)] from page 78 of the textbook: Polymerco, a North American manufacturer of specialty polymers, has the following highly condense income statement, given in the table below. Their current sales are to North American customers only. The president casually mentions that it would be nice to have more offshore sales to diversify the company. Polymerco Income Statement This year ($000) Last year ($000) Gross sales 26939 24293 Bad debt nil nil Net sales 26939 24293 COGS 22,243 21,341 Contribution margin 4696 2952 CM(%) 17.4% 12.2% SG&A 2,122 2,067 Operating income 2574 885 Other income and interest on long-term -60 -50 debt Net income 2514 835 (a) if Polymerco's production is running at 84% capacity, what is the maximum discount in percentage that you can provide? Please keep one decimal in the blank Maximum discount= % In this case, will you have a negative impact on the contribution margin ($) of the business? No…

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ACCT440 Spring 2024 Individual assignments Management Control Case Ivy Company ("Ivy") has been established in Hong Kong for thirty years. It is engaged in manufacturing and retailing of naturally based herbal cosmetic products. Its retail outlets sell both self-made and imported cosmetic products. Recently, many tourists visited HK and are interested in shopping including cosmetic products. Ivy's directors are thinking about extending to online business and offering more choice to retail consumers and overseas wholesalers. As to the self-manufactured products, Ivy conducts extensive research to develop high-quality cosmetic products. Recently, the gross margin has fallen because of increasing competition. Ivy must reduce the price to boost sales volume. Ivy's directors have identified two strategic directions for the coming five-year plan. The first strategy is investing a large amount in R&D to develop differentiated products. The second strategy is investing an affordable amount to…

Contemporary Trends sells paint and paint supplies carpet and wallpaper at a single store location in suburban Baltimore Although the company has been very profitable over the year management has seen very profitable over the year management has seen a significant decline in wallpaper sales and earnings Much of this decline is attributable to the internet and to companies that advertise deeply discounted prices in magazines and offer customer free shipping and toll free telephone number recent figures follow: Paint and supplies Carpeting wallpaper |Sales Less variable cost Fixed costs Total cost | operating income 190,000 114,000 28,000 142,000 48.000 230,000 161,000 37,500 198,500 31,500 70,000 56,000 22,000 78,000 -8,000 Management is studying whether to drop wallpaper because of the changing market and accompanying loss if the line is dropped the following changes are expected to occur a. The vacated space will be remodeled at a cost of 15,000 and will be devoted to an expanded line…

R i Fres Question based on modified problems 3.3 from the reference text [Flynn (2009)] from page 78 of the textbook Polymerco, a North American manufacturer of specialty polymers, has the following highly condense income statement, given in the table below. There current sales are to North American customers only. The president casually mentions that it would be nice to have more offshore sales to diversity the company. Polymerco Income Statement Gross sales Bad debt Net sales COGS Contribution margin CM (%) SG&A This year ($000) 26507 nil Operating income Other income and interest on long-term debt *% 26507 22,243 4264 16.1% 2,122 2142 -60 Last year ($000) 24177 nil 24177 21,341 2836 11.7% 2,067 769 -50 Net income 2082 719 (a) if Polymerco's production is running at 84% capacity, what is the maximum discount in percentage that you can provide? Maximum discount 11.0 x % In this case, will you have a negative impact on the profitability of the business? No ✔ (b) if Polymerco's…