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Which of the following is TRUE, concerning NPV?
a.
When the NPV is positive, the sum of the cash ±ows from the project equal the initial investment.
b.
The IRR is less than the RRR when the NPV is positive, after using the RRR as the discount rate.
c.
The project just recovers the initial investment, discounted by the hurdle rate.
d.
When the NPV is positive, the project recovers the initial investment and earns a return greater than the RRR.
e.
When the NPV is negative, the sum of the cash ±ows from the project must also be negative.
Answer the following question(s) using the information below.
After conducting a market research study, Potter Products decided to produce an electric coffee pot to complement its line of
kitchen products. It is estimated that the new coffee pot can be sold at a target price of $66. The annual target sales volume
for the coffee pot is 300,000. Potter has target operating income of 18% of sales.
What is the total target cost?
a.
$13,352,000
b.
$16,232,000
c.
$19,279,120
d.
$9,840,000
e.
$1,131,600
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A "what-if" technique that examines how a result will change if the original predicted data are not achieved, or if an underlying
assumption changes, is called
a.
adjusted rate of return analysis.
b.
net present value analysis.
c.
sensitivity analysis.
d.
internal rate of return analysis.
e.
payback method.
Which of the following is FALSE concerning the payback method of capital budgeting?
a.
Shorter payback periods give an organization more ±exibility.
b.
The payback method highlights liquidity.
c.
It uses the accrual accounting rate of return.
d.
Its major strength is that it that it is easy to use.
e.
It does not consider cash ±ows after the recovery of the initial investment.
Investment A requires a net investment of $600,000. The required rate of return is 10 percent for the three-year annuity. What
are the annual cash in±ows if the net present value equals 0?
a.
$271,316
b.
$360,000
c.
$249,791
d.
$241,269
e.
$184,842
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Use the information below to answer the following question(s).
ABC Associates is in the process of evaluating its new client services for the business consulting division. Estate Planning, a
new service, incurred $600,000 in development costs and employee training. The direct costs of providing this service, which
is all labour, averages $100 per hour. Other costs for this service are estimated at $2,000,000 per year. The current program for
estate planning is expected to last for two years. At that time, a new law will be in place which will require new operating
guidelines for tax consulting. Customer service expenses average $400 per client, with each job lasting an average of 400
hours. The current staff expects to bill 40,000 hours for each of the two years the program is in effect. Billing averages $140
per hour.
What is the ABC Associates' life-cycle budgeted revenue?
a.
$22,400,000
b.
$11,200,000
c.
$5,600,000
d.
$8,000,000
e.
$28,500,000
Which of the following is NOT a relevant cash ±ow in capital budgeting?
a.
initial asset investment of the replacement machine
b.
after-tax cash ±ow from accumulated depreciation
c.
after-tax cash ±ow from future disposal of asset at life's end
d.
after-tax annual cash ±ows relating to the new asset
e.
after-tax cash ±ow from current disposal of old asset
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Answer the following question(s) using the information below.
Gerry's Generator Supply is approached by Mr. Gladstone, a new customer, to ful²ll a large one-time-only special order for a
product similar to one offered to regular customers. Gerry's Generator Supply has excess capacity. The following per unit data
apply for sales to regular customers:
Direct materials
$850
Direct manufacturing labour
75
Variable manufacturing support
150
Fixed manufacturing support
75
Total manufacturing costs
1,150
Markup (20%)
230
Estimated selling price
$1,380
If Mr. Gladstone wanted a long-term commitment for supplying this product, what price would most likely be quoted to him?
a.
$1,075
b.
$1,400
c.
$1,200
d.
$1,380
e.
$1,000
If the net present value analyses of a project resulted in a positive value and the company does not accept the project, it may
be assumed that
a.
quantitative factors outweigh the bene²t of the investment.
b.
the return is greater than that required by the company.
c.
qualitative factors outweigh the bene²t of the investment.
d.
an alternative project has a lower NPV.
e.
the net initial investment cannot be recovered.
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Answer the following question(s) using the information below.
Welch Manufacturing is approached by a European customer to ful²ll a one-time-only special order for a product similar to one
offered to domestic customers. Welch Manufacturing has a policy of adding a 10% markup to full costs and currently has
excess capacity. The following per unit data apply for sales to regular customers:
Variable costs:
Direct materials
$40
Direct labour
20
Manufacturing overhead
25
Sales commission
15
Fixed costs:
Manufacturing overhead
100
Marketing costs
20
Total costs
220
Markup (10%)
22
Estimated selling price
$242
What is the full cost of the product per unit?
a.
$66
b.
$60
c.
$155
d.
$220
e.
$198
Warner Ltd. is considering investing in a new piece of equipment for its factory. It estimates that annual cash ±ows would be
$17,000, and the equipment would last for 8 years. The company's required rate of return is 12%. What is the most the
company should be willing to invest in this equipment? (Ignore income taxes.)
a.
$61,280
b.
$94,580
c.
$136,000
d.
$84,450
e.
$128,115
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Target pricing is based on
a.
engineered cost.
b.
what customers are willing to pay.
c.
variable manufacturing and nonmanufacturing costs.
d.
full manufacturing cost.
e.
full product cost.
When all future cash in±ows and out±ows are discounted to the present using the required rate of return, the method used is
a.
net present value.
b.
capital budgeting.
c.
payback method.
d.
required rate of return.
e.
discounted cash ±ow.
Use the information below to answer the following question(s).
Fanshawe Inc. is in the process of evaluating its new products. A new signal receiver has two production runs each year, each
with $20,000 in setup costs. The new receiver incurred $60,000 in development costs and is expected to be produced for three
years. The direct costs of producing the receivers are $80,000 per run of 5,000 receivers. Indirect manufacturing costs
charged to each run are $90,000. Destination charges for each receiver average $2.00. Customer service expenses average
$0.40 per receiver. The receivers are going to sell for $50 the ²rst year and increase by $6 each year thereafter. Sales units
equal production units each year.
What are the Fanshawe Inc. life cycle budgeted costs?
a.
$298,000
b.
$1,392,000
c.
$639,000
d.
$424,000
e.
$1,272,000
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A price-bidding decision for a one-time-only special order includes an analysis of
a.
all costs of each function in the value chain.
b.
only ²xed manufacturing costs.
c.
all cost drivers.
d.
indirect costs of each category in the value chain.
e.
only marketing costs.
A company is considering purchasing new equipment. The equipment will allow the company to expand into a new product
line. The equipment will be installed in the company's existing facility. Which of the following cash ±ows would NOT be
relevant to the decision to acquire the new equipment?
a.
labour costs to operate the new equipment
b.
factory rent allocated to the new product line
c.
revenues from expanded production
d.
the salary of the manager hired to oversee the new product line
e.
annual maintenance cost on the new equipment
Comparison of the actual results for a project to the costs and bene²ts expected at the time the project was selected is
referred to as
a.
a post-investment audit.
b.
a cost-bene²t analysis.
c.
management control.
d.
the audit trail.
e.
capital budgeting.
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Jack's Back Porch manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $270 per
table, consisting of 80% variable costs and 20% ²xed costs. The company has surplus capacity available. It is Jack's Back
Porch's policy to add a 60% markup to full costs.
A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Jack's Back Porch
is invited to submit a bid to the hotel chain. What per unit price will Jack's Back Porch most likely bid on this long-term order?
a.
$345.60 per unit
b.
$86.40 per unit
c.
$162.00 per unit
d.
$432.00 per unit
Red Zone Corporation recently purchased a new machine for $339,013.20. The new equipment has a useful life of 10 years.
Net cash ±ows will be $60,000 per year, end of year payments.
What is the internal rate of return?
a.
18 percent
b.
12 percent
c.
14 percent
d.
16 percent
e.
10 percent
Answer the following question(s) using the information below.
After conducting a market research study, Chen Manufacturing decided to produce a new interior door to complement its
exterior door line. It is estimated that the new interior door can be sold at a target price of $80. The annual target sales volume
for interior doors is 20,000. Chen has a target operating income of 20% of sales.
What is the target cost?
a.
$1,440,000
b.
$800,000
c.
$1,280,000
d.
$1,600,000
e.
$768,000
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When are a product's direct materials cost most likely to be locked in?
a.
when the materials are used in production
b.
when purchasing commits to buying the materials
c.
when the bill for the materials is paid
d.
when the product is designed
e.
when materials are received from the supplier
AMF Products Ltd. had annual net income of $20,000, CCA of $35,000, a 40 percent tax rate, a discount rate of 10 percent, and
annual cash sales of $200,000. The depreciable assets of AMF Products belong in several different classes under the Income
Tax Act, have a salvage value of zero at the end of six years, and were all bought new at the beginning of Year 1. What is the
tax saving from CCA?
a.
$36,000
b.
$56,000
c.
$14,400
d.
$14,000
e.
$24,000
Answer the following question(s) using the information below.
Sheltar's TV currently sells small televisions for $180. It has costs of $140. A competitor is bringing a new small television to
market that will sell for $160. Management believes it must lower the price to $160 to compete in the market for small
televisions. Marketing believes that the new price will cause sales to increase by 10%, even with a new competitor in the
market. Sheltar's sales are currently 100,000 televisions per year.
What is the target cost if the company wants to maintain its same income level, and marketing is correct (rounded to the
nearest cent)?
a.
$113.64
b.
$140.00
c.
$135.00
d.
$112.50
e.
$123.34
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Use the information below to answer the following question(s).
Patton Company budgeted the following costs for the production of its one and only product, bells, for the next ²scal year:
Direct materials
$215,000
Direct labour
115,000
Factory overhead:
Variable
80,000
Fixed
280,000
Selling and administrative:
Variable
85,000
Fixed
70,000
Total costs
$845,000
Patton has a target pro²t of $750,000.
The target pro²t percentage for setting prices as a percentage of total costs would be
a.
109%.
b.
89%.
c.
158%.
d.
99%.
e.
113%.
The initial investment in working capital is usually recovered
a.
in year 0.
b.
in equal portions, with the recovery of the initial investment, based on the matching of revenues and all costs.
c.
in year 1.
d.
as soon as the RRR is achieved.
e.
when the project is terminated.
Predatory pricing is a type of price discrimination that
a.
is required when a company declares bankruptcy so that it can sell its remaining goods quickly.
b.
deliberately sets prices very low, sometimes even below costs, so as to minimize competition.
c.
actually ensures more supply access as high prices reduce demand.
d.
is used in the food industry for perishable goods.
e.
allows prices to be cut to the level of variable costs.
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Use the information below to answer the following question(s).
Patton Company budgeted the following costs for the production of its one and only product, bells, for the next ²scal year:
Direct materials
$215,000
Direct labour
115,000
Factory overhead:
Variable
80,000
Fixed
280,000
Selling and administrative:
Variable
85,000
Fixed
70,000
Total costs
$845,000
Patton has a target pro²t of $750,000.
If total invested capital is $3,000,000, what is the company's target rate of return on investment?
a.
30%
b.
15%
c.
35%
d.
25%
e.
20%
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Use the information below to answer the following question(s).
Wet Water Company drills residential and commercial wells. The company is in the process of analyzing the purchase of a
new drill. Information on the proposal is provided below:
Initial investment:
Asset
$80,000
Working capital
$16,000
Operations (per year for four years):
Cash receipts
$81,000
Cash expenditures
$44,000
Disinvestment: Salvage value of drill
(end of year four)
$8,000
Discount rate 10 percent
Note: Other than the initial investment, cash ±ows are end of period. The working capital is returned at the end of the
investment period.
What is the net present value for the Wet Water Company's new drill?
a.
$1,722.83
b.
$26,749.13
c.
$23,579.26
d.
$12,651.05
e.
$96,000
Eliminating non-value added activities by reducing their cost drivers, is referred to as
a.
price engineering.
b.
value-added activity base pricing.
c.
value engineering.
d.
cost incurrence costing.
e.
value-added pricing.
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Use the information below to answer the following question(s).
Albernie Ltd. purchased a CCA Class 8 (CCA rate of 20%) item of equipment for $80,000. The equipment was the only item in
the Class 8 capital cost allowance pool. The equipment is expected to generate savings in the amount of $40,000 per year.
The company uses straight-line depreciation and estimates a 3-year useful life with $20,000 salvage value for the new
equipment. The tax rate is 35%, and Albernie has a required rate of return of 9.0%.
What is present value of the salvage value that Albernie Ltd. is expecting from the equipment?
a.
$20,000
b.
$15,897
c.
$11,574
d.
$14,169
e.
$15,444
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Chapter 3 Quiz
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A process began the month with 3400 units in the beginning work in process inventory and ended the month with 1900 units in the
ending work in process. If 23300 units were completed and transferred out of the process during the month, how many units were
started into production during the month?
es
ions
O 21800.
al
O 24800.
O 21400.
O 23300.
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You deposit $850 in an account paying an annual simple interest rate of 7.8%. Find the future value of the investment (in dollars) after 1 year.
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Calculate the simple interest due (in dollars) on a 40-day loan of $1,600 if the annual interest rate is 9%. (Use 360 days in 1 year.)
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Exercise 9-12 a-b (Part Level Submission)
Oriole Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at
December 31.
Nov. 1
Loaned $23,50Chcash to Manny Lopez on a 12-month, 12% note.
Dec. 11
Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note.
16
Received a $97,200, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable.
31
Accrued interest revenue on all notes receivable.
(a)
Your answer is correct.
lournalize the transactions for Oriole Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are…
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d. $2.68
The ingredients for your skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the lowest
price you can charge? Round to the nearest cent.
Select one:
a. $5.98
b. $6.00
c. $6.30
O d. $5.67
The price the product costs after processing is the
Select one:
a. Contribution Margin
b. Food Cost
c. Edible Portion Price
d. As Purchased Price
The price you pay for the product is the
ed
Select one:
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Question #7
GRevisit
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Wages paid to own employees who have redecorated the office are
O capital expenditure.
debited to profit and loss account.
debited to premises account.,
O credited to profit and loss account.
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You must evaluate the purchase of a proposed spectrometer for the R&D department. The purchase price of the spectrometer including modifications is
$140,000, and the equipment will be fully depreciated at the time of purchase. The equipment would be sold after 3 years for $32,000. The equipment would
require an $8,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm
$43,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 25%.
a. What is the initial investment outlay for the spectrometer after bonus depreciation is considered, that is, what is the Year 0 project cash flow? Enter your
answer as a positive value.…
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Instructions
Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the current year, with an authorization of 25,000 shares of preferred 2% stock
$100 par and 500,000 shares of $10 par common stock. The following selected transactions were completed during the first year of operations:
July
Issued 220,000 shares of common stock at par for cash.
1.
Issued 700 shares of common stock at par to an attorney in payment of legal fees for organizing the
1.
corporation.
Issued 68,700 shares of common stock in exchange for land, buildings, and equipment with fair
Aug.
7.
market prices of $153,800, $458,110 and $164,400 respectively.
Issued 18,200 shares of preferred stock at $115 for cash.
Sept.
20.
Journalize the transactions. Refer to the Chart of Accounts for…
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ounty College Ha
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Question 7
s
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ssions
The last department in a production process shows the following information at the end of the period:
rences
borations
Units
Beginning Work in Process 25000
Started into Production
PLUS
ort
263000
Ending Work in Process
49200
Central
How many units have been transferred out to finished goods during the period?
288000.
O 263000.
O312200.
O 238000.
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Cost of Materials Issuances
Bravo Wire Enterprises is a manufacturer of electrical conductors. The following incomplete subsidiary ledger is for wire cable during July:
a. Complete the materials issuances and balances for the wire cable subsidiary ledger. Assume a first-in, first-out cost flow.
Received
Receiving
Report
Number
Received
Quantity
Received
Unit Price
Issued
Materials
Requisition
Number
Issued
Quantity
Issued
Balance
Amount
Date
Balance
Quantity
Balance
Amount
Balance
Unit Price
309
200
$7.00
July 1
July 5
125
$750
$ 6.00
125 V
750 V
6.00
7401
240
July 10
422
400
$8.00
July 201
7639
325
July 26
b. Determine the balance of wire cable at the end of July,
1,280
c. Determine the total amount of materials transferred to Work in Process for July.
4.070
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today and deposited at 8 percent
compounded semi-annually for
three years is
Select one:
a. $352
b. $158
C. $253
d. $380
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Ginni Kaur
ACC 3140 quiz for chapter 17. Due with final, or as an attachment to an email to my
campus email by 12 midnight pst. 12-16-2022.
Dance in the Dark, Inc., amoung other things, manufactures dolls. The monthly
production from an initial joint process is as follows:
Costs of initial processing
Direct Materials (plastic)
Direct Labor (machinists)
Variable Overhead (utilities, maint., etc.,)
$ 55,000.
35,000.
110,000.
At which point, 10,000 units of product ( the basic doll )are ready for further processing.
Since the units of production method is used to apply costs of the joint process to the
units produced, the units go forward with a $20 cost so far. These units are further
processed into three main models, Marilyn ( 4800 units), Judy (3100 units) and Sylvia
(the remaining 2100). Assume that this product sales mix is not going to change, due to
the constraints of demand. The further processing costs are added to the $ 20 to figure
out the total per unit production cost.…
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Assignment 6.1: Session 6 Comprehensive Problem (Chapter 8)
Instructions
In this session, we have a 6-part comprehensive problem. Download the Session 6 Comprehensive Problem Templates below to complete the 6 required parts of the problem. You will need your Bergevin and MacQueen book for reference.
Rancho Cucamonga Inc. began business on January 1, 2020. The firm earned $100 from sales in its first year of business. Rancho Cucamonga collected $90 of revenue earned in cash during 2020 and reported a $10 account receivable on its 2020 balance sheet. The firm paid $70 cash for operating expenses in 2020 and reported a $5 account payable for unpaid operating expenses on its 2020 balance sheet. Income tax laws only recognize cash collected from sales and cash paid for expenses as taxable items in the year collected or paid.
Rancho Cucamonga also reported a $10 fine, paid in cash, to the federal government for unfair business practices. Generally accepted accounting principles allow firms…
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A company purchased 50,000 worth of office supplies on January 1st and had 15.000 of office
supplies still on hand at year-end. If the initial purchase of supplies entry on January 1st was to debit
office supplies expense and to credit cash for 50,000. The adjusting entry on December 31 will be
O A
O B
A Office supplies 15,000
B Office supplies expense 15,000
C Office supplies 35,000 Office supplies expense 35,000
Office supplies expense 15,000
Office supplies 15,000
O D
D Office supplies expense 95,000
Office supplies 35,000
PrecQueston
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Question 12
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Concord Company decided to analyze certain costs for June of the current year. Units started into production equaled 27000 and ending
work in process equaled 3500 units. With no
work in process was 20% complete and total conversion costs equaled $135520?
beginning work in process inventory, how much is the conversion cost per unit if ending
O $4.44.
O $2.80.
O $5.60.
O $5.02.
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Chapter 3 Quiz
Camden County College
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Question 6
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The Assembly Department shows the following information:
Units
Beginning Work in Process
20200
Ending Work in Process
64800
Units Transferred Out
30400
How many total units are to be accounted for by the Assembly Department?
O64800
O95200.
O 75000.
O 85000.
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S2-10
Cancel
S2-10 Determine total manufacturing
overhead (Learning Objective 4)
Olson Frame manufactures picture
frames. Suppose the company's July
records include the items described be-
low. What is Olson Frame's total manufac-
turing overhead cost in July?
Oil for manufacturing equip-
$ 250
ment
Wood for frames
Company president's salary
Interest expense
Plant supervisor's salary
Depreciation expense on
company cars used by sales.
force
$46,000
$26,500
$ 1,500
$3,100
$ 2,100
Plant janitor's salary
$ 1,800
Plant depreciation expense
$ 6,000
Glue for picture frames
$ 400
S2-11 Prepare a retailer's income state-
ment (Learning Objective 5 )
5
101/1107
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Samuelson and Messenger (SAM) began 2021 with 200 units of its one product. These units were purchased near the end of 2020 for
$25 each. During the month of January, 100 units were purchased on January 8 for $28 each and another 200 units were purchased
on January 19 for $30 each. Sales of 125 units and 100 units were made on January 10 and January 25, respectively. There were 275
units on hand at the end of the month. SAM uses a periodic inventory system.
Required:
1. Calculate ending inventory and cost of goods sold for January using FIFO.
2. Calculate ending inventory and cost of goods sold for January using average cost.
oped
Complete this question by entering your answers in the tabs below.
ook
Required 1
Required 2
rint
Calculate ending inventory and cost of goods sold for January using FIFO.
rences
Cost of Goods…
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Course Modules: Budgeting and Forecasting 62211
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Information pertaining to Noskey Corporation's sales revenue follows:
November 2021
(Actual)
$ 180,000
December 2021
(Budgeted)
$ 160,000
500,000
January 2022
(Budgeted)
Cash sales
000'09
$ 540,000
Credit sales
$ 360,000
000'09
Total sales
000'099 2$
Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the
remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next month's projected
total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on-account;
25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase.…
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a.
Solomon Manufacturing Company was started on January 1, Year 1, when it acquired $89,000 cash by issuing common stock. Solomon
immediately purchased office furniture and manufacturing equipment costing $9,800 and $26,300, respectively. The office furniture
had an eight-year useful life and a zero salvage value. The manufacturing equipment had a $3,500 salvage value and an expected
useful life of three years. The company paid $11,400 for salaries of administrative personnel and $15,200 for wages to production
personnel. Finally, the company paid $11,170 for raw materials that were used to make inventory. All inventory was started and
completed during the year. Solomon completed production on 4,300 units of product and sold 3,310 units at a price of $15 each in
Year 1. (Assume…
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Name:
Grade and Section: 6-
PART II:
A
MATHEMATICS 6
4th QUARTER-PROBLEM SET 1
TOPIC: SOLID FIGURES
Parent's Signature:
Date:
Score:
Teacher:
What Is Big, Gray, and Lives
in California?
Find the volume of each prism. Write the letter of the exercise in the box above the
answer at the bottom of the page.
4.5 cm
A
6 cm
5.8 cm
25 in.
P
T
10 m
N
8m
6.4 cm
30
25 in.
A
8 cm
30 in.
20 in.
30 in.
6.2 cm
20 in.
9.6 cm
12 cm
N
7.5 mi
4.3 cm
H
DOA
B = 52 m²
B = 19.7 cm²
5 in.
6 in.
8.5 in.
83.8 cm³
357.12 cm3
76.8 cm³
8,800 in 3
92.31 cm3
84.71 cm³
156.6 cm³
114.5 in.3
364.5 m3
7,500 in.3
127.5 in.3
15,000 in.3
390
m³
160 m³
349.22 cm³
MATHEMATICS 6 | FOURTH QUARTER I PROBLEM SET 1
PREPARED BY: SIR K
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- Bookmarks Window Help Fri Apr 30 7:38 PM edugen.wileyplus.com W WileyPLUS Bb Upload Assignment: Exercise16b - 2021 Spring Term (1)... Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION 4 ВАСK NEXT Exercise 9-12 a-b (Part Level Submission) Oriole Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $23,50Chcash to Manny Lopez on a 12-month, 12% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $61,200, 90-day, 10% note. 16 Received a $97,200, 180 day, 8% note in exchange for Joe Fernetti's outstanding accounts receivable. 31 Accrued interest revenue on all notes receivable. (a) Your answer is correct. lournalize the transactions for Oriole Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are…arrow_forwardwn): Week 3L x CU122-0 2201 (Brown): Week 4LX Week 6: Culmination Knowledge X + pt.php?attempt=29214128&cmid=866335 fr. Enduring Word Bibl. My Questions bart. inancial Aid Student Accounts Resources Campus Store d. $2.68 The ingredients for your skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the lowest price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 O d. $5.67 The price the product costs after processing is the Select one: a. Contribution Margin b. Food Cost c. Edible Portion Price d. As Purchased Price The price you pay for the product is the ed Select one:arrow_forwardWhat is the answer A thru D?arrow_forward
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