Accounting: What the Numbers Mean11th EditionDavid Marshall, Wayne William McManus, Daniel Viele Publisher: McGraw-Hill EducationISBN: 9781259535314
Accounting: What the Numbers Mean
Solutions for Accounting: What the Numbers Mean
Browse All Chapters of This Textbook
Chapter 1 - Accounting—present And PastChapter 2 - Financial Statements And Accounting Concepts/ PrinciplesChapter 3 - Fundamental Interpretations Made From Financial Statement DataChapter 4 - The Bookkeeping Process And Transaction AnalysisChapter 5 - Accounting For And Presentation Of Current AssetsChapter 6 - Accounting For And Presentation Of Property, Plant, And Equipment, And Other Noncurrent AssetsChapter 7 - Accounting For And Presentation Of LiabilitiesChapter 8 - Accounting For And Presentation Of Stockholders’ EquityChapter 9 - The Income Statement And The Statement Of Cash FlowsChapter 10 - Corporate Governance, Notes To The Financial Statements, And Other Disclosures
Sample Solutions for this Textbook
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Let's say we need to download the annual report of Apple Inc. for the year 2017. The process to...The Total Stockholder's Equity at the end of the year is calculated as follows: Beginning Total...We have explained each item and its impact on assets, liability and equity. The total balance of...The amount of Apple's Gross profit for each year is calculated as follows: Apple Inc$ in...The Margin, turnover, and Return on Investment for Firm J are calculated as follows: Firm JNet...The Margin, Turnover, and ROI of Firm D are calculated as follows: Net Income (A) $61,750 Sales (B)...Return on investment for year 2017 ParticularsAmount($)Net income(a)102000Total assets...The effect of transactions on accounting equation is explained as follows: Transaction / AdjustmentA...The income statement and the balance sheet for Kissick Co is explained as follows: Kissick Co.Income...
The adjustments for income statement and balance sheet and fill the missing amounts on the...Given: We are given with income statement and balance sheet of debauge co. for the year ending...The Bank Reconciliation statement is explained as follows: Happ Inc.Bank Reconciliation StatementAs...The calculation of ending inventory and total goods available for sale is shown below Date of...The calculation of ending inventory and total goods available for sale is shown below Date of...Given: Concept Used: If a corporation overstates its inventory, it will also be overstating its...The cost to be recorded for commercial safe is calculated as follows: ItemAppraised...To calculate the present value of $1, 00,000 when interest is compounded semi- annually, we will be...The depreciation expense for each year using both the depreciation methods is calculated as follows:...The amount of depreciation expense for the year 2017 is calculated as follows: Year 2017Year...The Journal entry to record the collection of Rent in Advance is explained as follows: DateAccount...To calculate the discount rate used by the lender, firstly we will calculate the amount of discount....To record the effects of accrued payroll of Cayman Coating Co., firstly we will calculate employee...For calculation of proceeds (issue price) of the bonds on the issue date, firstly the interest...For recording the entry of issuance of common stock, firstly we need to calculate the amount of cash...Firstly, the beginning paid-in capital is calculated using the following formula: Beginning paid−in...To calculate the annual cash dividends required to be paid, firstly the total number of shares...Gross profit is calculated using the following formula: Gross Profit= Net Sales− Cost of goods sold...Firstly, Gross profit is calculated with the help of formula given below: Gross profit= Sales×Gross...The missing amounts in balance sheet items are computed with the given additional information as...The earnings per share to be reported in Spike Inc's 2017 annual report is calculated as follows;...The organization offers different deals motivator projects to clients and buyers, for example,...The working capital is computed by using the formula: Working Capital=Current Assets-Current...In order to compute the return on investment, the margin and turnover should be determined....The above answer can be explained as − Given, Fixed costs −Supervisor's salary = $ 1,000Factory Rent...To arrive at break- even point, firstly contribution margin would be calculated using the below-...To arrive at break- even point, firstly contribution margin would be calculated using the below-...To determine current contribution margin, below- mentioned formula would be used: Contribution...Total Manufacturing cost for May is calculated as follows: ParticularsAmount Raw material...The Total Manufacturing cost and Cost per unit produced during the month using the Activity Based...Machine hour rate =Total fixed overhead Total machine worked=31200096000=3.25 per hr.Particular201220132014Raw materialWork in processFinished good277043736405613990617The following information is required to calculate the production units of finished goods for the...Given, Sales units for April = 7,000Sales units for May = 10,000Sales units for June = 8,000Selling...Given, Sales units for October = 12,000Sales units for November = 14,000Sales units for December =...Flexible Budget- Direct materials = Unit costs * UnitsDirect materials = $8 * 18,000Direct materials...Given, Direct labor original budget= $1,800Direct labor actual budget= $1,888Production rate = 20...Given, Actual production of stamping = 230,000Standard stampings per hour = 2,000Standard rate per...The missing amounts are calculated as follows; Division XDivision YDivision ZRevenues (A) $...The decision is taken on the basis of the following analysis: SellProcess FurtherSales Revenue $...The Net present value of the investment is calculated as follows; YearCash flowsPVF (10%)PV A B =A*B...The Net present value of the investment is calculated as follows; Year 2016Year 2017Year 2018Year...The net present value of the investment is calculated as follows: Sunset beach Inc.Year 2016...
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