At December 31 a company's records show the following information $ 10,000 30,000 80,000 Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity 6,000 200,000 30,000 25,000 5,000 70,000 196,000 Find the following: 1- The company's working capital 2- The company's current ratio 3- The company's quick ratio

At December 31 a company's records show the following information $ 10,000 30,000 80,000 Cash Accounts Receivable Inventory Prepaid Insurance Long-term Assets Accounts Payable Notes Payable due in 10 months Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity 6,000 200,000 30,000 25,000 5,000 70,000 196,000 Find the following: 1- The company's working capital 2- The company's current ratio 3- The company's quick ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 6 Brianne is a project manager working for SNP Corp., a publishing company. She is currently managing a project that involves three basic activities-authoring, editing, and copyediting. She uses a project-management tool to analyze these three activities and find out the sequence of activities that is likely to take the longest time to complete. The analysis shows that authoring would take the maximum time to complete. It also shows that authoring is an immediate predecessor of editing and editing is an immediate predecessor of copyediting. In this scenario, Brianne takes the help of to plan her projects effectively. O a. poka-yokes O b.a value chain Oc the critical path method O d. enterprise resource planning
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You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Utilities Maintenance Supplies Indirect labor. Depreciation Cost Formula $16,900 $0.14 per machine-hour $38, 300+ $1.30 per machine-hour $0.70 per machine-hour $94,700+ $1.50 per machine-hour $68, 100 Actual Cost in March $ 21,360 $ 56,800 $ 13, 100 $ 124, 100 $ 69,808 During March, the company worked 17,000 machine-hours and produced 11,000 units. The company had originally planned to work 19,000 machine-hours during…
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You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company’s costing system and “do what you can to help us get better control of our manufacturing overhead costs.” You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Cost Formula Actual Cost in March Utilities $16,800 + $0.21 per machine-hour $ 22,800 Maintenance $38,500 + $1.40 per machine-hour $ 60,300 Supplies $0.50 per machine-hour $ 9,800 Indirect labor $94,300 + $1.70 per machine-hour $ 129,200 Depreciation $68,000 $ 69,700 During March, the company worked 18,000 machine-hours and produced 12,000 units. The company had originally planned to work 20,000 machine-hours during…
The manager of the Personnel Department at City Enterprises has been reading about time-driven ABC and wants to apply it to her department. She has identified four basic activities her employees spend most of the their time on: Interviewing, Hiring, Assessment, and Separation Processing. The department employs 13 staff who perform these activities. The manager provides the following estimates for the amount of time it takes to complete each of these activities: • Interviewing: 53 mìnutes. • Hiring: 68 minutes. • Assessment: 91 minutes. • Separation Processing: 98 minutes. Employees in Personnel work 43-hour weeks with four weeks for vacation. Of the 43 hours, five are reserved for administrative tasks, training, and so on. The costs of the Personnel Department, including any allocated costs from other staff functions, are $980,000. During the year, Personnel conducted 2,000 interviews, made 535 hies, made 4,600 assessments, ond had 290 separations. Required: a. What is the cost per…
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Actual Cost in March Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,800 +$0.16 per machine-hour $38,600 + $1.30 per machine-hour $0.70 per machine-hour $94,700 + $1.30 per machine-hour $67,800 $ 22,440 $ 63,600 $ 16,600 $ 126,800 $ 69,500 During March, the company worked 22,000 machine-hours and produced 16,000 units. The company had originally planned to work 24.000 machine-hours during March.…