Cost Accounting
Cost Accounting
15th Edition
ISBN: 9780133428834
Author: Horngren
Publisher: PEARSON
Question
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Chapter 6, Problem 6.35P

1.

To determine

To prepare: The revenue budget.

2.

To determine

To prepare: The production budget in units.

3.

To determine

To prepare: The direct materials usage budget and purchases budget for January 2018.

4.

To determine

To prepare: The direct manufacturing labor costs budget for January 2018.

5.

To determine

To prepare: The manufacturing overhead costs to budget for each of the three activities.

6.

To determine

The budgeted unit cost of ending finished goods inventory and ending inventories budget.

7.

To determine

To prepare: The cost of goods sold budget.

8.

To determine

To prepare: The non-manufacturing costs budget.

9.

To determine

To prepare: The budgeted income statement.

10.

To determine

To explain: The way in which the preparation of budget helps a management team to better manage the company.

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Please help me solve this general accounting question using the right accounting principles.
Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $82,500 and net income of $185. Its balance sheet also showed total assets at the beginning of the year of $27,000 and total assets at the end of the year of $23,000. Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, e.g. 6.25 or 6.25%.) Asset turnover Return on assets times %
The shareholders of Barley Corporation have voted in favor of a buyout offer from Wheat Corporation. Information about each firm is given here:    Barley  Wheat  Price/earnings ratio  13.5  21  Shares outstanding  90,000  210,000  Earnings  $180,000  $810,000  Barley shareholders will receive one share of Wheat stock for every three shares they hold of Barley.  Required  What will the EPS of Wheat be after the merger? What will be the P/E ratio if the NPV of the acquisition is 0?    What must Wheat feel is the value of the synergy between these two firms? Explain how your answer can be reconciled with the decision to go ahead with the takeover?
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