Question: Question 2 Topic 2 (6 Marks) Runaway Hotels Ltd Has Provided You With The Following Information (a) The 30 September 2010 Balance Shown On The Bank Statement Of $10,188 (b) On September 30, The Company Recorded A Deposit Of $1,085 In Its Financial Records. This Does Not Show On The Bank Statement (c) Outstanding Cheques At September 30 Totalled $2,143 …

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Get college assignment help at uniessay writers Question 2 Topic 2 (6 marks) Runaway Hotels Ltd has provided you with the following information (a) The 30 September 2010 balance shown on the bank statement of $10,188 (b) On September 30, the company recorded a deposit of $1,085 in its financial records. This does not show on the bank statement (c) Outstanding cheques at September 30 totalled $2,143 (d) Interest credited to the account during September but not recorded on the company’s books amounts to $56 (e) A bank charge of $34 for transactions was made during September. Although the company was expecting a charge, its amount was not known until the bank statement arrived. (f) A customer has paid their account via internet banking without informing the company. The amount banked on September 28 was $2,500. (g) The September 30, 2010 balance in the general ledger bank account of Runaway Hotels Ltd, before reconciliation, is $6,608 Required: () Prepare a bank reconciliation as at 30 September 2010 (5 marks) (ii) What is the amount of cash to be included in the 30 September 2010 balance sheet for the bank account? (1 mark)

Question: Help Window Share View Arrange Format Table Insert Edit File Ch 18 P18-5A Numbers T Comment Shape Media 91% V Text Chart Table Insert Zoom View P18-5A Date: Name: Course: Instructor P18-54 Prepare A Cost Of Goods Manufactured Schedule And A Comect Income Statement Empire Company Is A Manufacturer Of Smart Phones. Its Oontroller Resigned In October …

Help Window Share View Arrange Format Table Insert Edit File Ch 18 P18-5A Numbers T Comment Shape Media 91% v Text Chart Table Insert Zoom View P18-5A Date: Name: Course: Instructor P18-54 Prepare a cost of goods manufactured schedule and a comect income statement Empire Company is a manufacturer of smart phones. Its oontroller resigned in October 2017 An inexperienced assistant accountant has prepared the following income stalement for the month of October 2017 EMPIRE COMPANY income Statement For the Month Ended October 31, 2017 $780,000 Sales Revenue Less: Operating Expenses Raw materials purchases $264,000 190.000 Direct labor costs 90.000 75,000 Advertising expense Seling and administrative salaries Rent on factory facilities Depreciation on sales equipment Depreciation on factory equipment Indrect labor cost 60,000 45.000 31,000 28.000 12,000 Utities expenser 8.000 803.000 Insurance expense ($23,000) Net loss Prior to October 2017, the company had been profitable every month. The company’s president is oconcened about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. Ater examining other manufacturing cost data, you have acquired additional information as follows Inventory balances at the beginning and end of October were: 1 October 1 October 31 $29,000 Raw materials Work in process Finished goods $18,000 20,000 14,000 30,000 50,000 Only 75% of the utites expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to seling and administrative 2 activities. Instructions Prepare a schedule of cost of goods manutactured for October 2017 Prepare a comrect income statement for October 2017. (a NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a “7”. MacBook Pro …. 25 91% v Media Comment Shape Text Chart Table Insert Zoom ew P18-5A Prepare a schedule of cost of goods manufactured for October 2017 (a) EMPIRE COMPANY Cost of Goods Manufactured Schedule For the Month Ended October 31, 2017 Value Work in process inventory, October 1 Direct materials Value Raw materials inventory, October 1 Raw materials purchases Total raw materials available for use Less: Raw materials inventory, October 31 Direct materials used Direct labor Value Value Value Manufacturing overhead Factory facility rent Depreciation on factory equipment Value Value Value Indirect labor Factory utilities Factory insurance Total manufacturing overhead Total manufacturing costs 7 2 7 Total cost of work in process Less: Work in process, October 31 Cost of goods manufactured Value Prepare a correct income statement for October 2017 (b) EMPIRE COMPANY Income Statement For the Month Ended October 31, 2017 Sales Revenue Cost of goods sold Finished goods inventory, October 1 Cost of goods manufactured Cost of goods available for sale Less: Finished goods inventory, October 31 Value Value Value Cost of goods sold Gross profit Operating expenses Advertising expense Selling and administrative salaries Depreciation expense- sales equipment Insurance expense Utlities expense Total operating expenses Net income Value Value Value ? 400 25 LO

Question: Course: Instructor: E19-9 Prepare A Cost Of Goods Manufactured Schedule And Partial Financial Statements At May 31, 2017, The Accounts Of Lopez Company Show The Following. May 1 Inventories – Finished Goods $12,600, Work In Process $14,700 And Raw Materials $8,200. 1. May 31 Inventories – Finished Goods $9,500, Work In Process, $15,900, And Raw Materials …

Course: Instructor: E19-9 Prepare a cost of goods manufactured schedule and partial financial statements At May 31, 2017, the accounts of Lopez Company show the following. May 1 inventories – finished goods $12,600, work in process $14,700 and raw materials $8,200. 1. May 31 inventories – finished goods $9,500, work in process, $15,900, and raw materials $7,100. 3. 2. View Debit postings to work in process were direct materials, $62,400, direct labok $50,000, and manufacturing overhead applied $40,000. Sales revenue totaled $215,000. Instructions (a) Prepare a condensed cost of goods manufactured schedule. (b) Prepare an income statement for May through gross profit. (c) Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2017. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a “?” (a) Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2017 Help Window Share View Arrange Format Table Ch 19 E1 Insert Edit File Numbers T v Co Media Shape Text 100% v Chart Table Insert Zoom View E19-9 (a) Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2017 Value Work in process, May 1 Direct materials used Direct labor Manufacturing overhead applied Total manutacturing costs Total cost of work in process Value Value Value Value Less: Work in process, May 31 Cost of goods manufactured View (b) Prepare an income statement for May through gross profit. LOPEZ COMPANY (Partial) Income Statement For the Month Ended May 31, 2017 Value Sales revenue Cost of goods sold Finished goods, May 1 Cost of goods manufactured Cost of goods available for sale Less: Finished goods, May 31 Cost of goods sold Gross profit Value Value (c) Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2017. LOPEZ COMPANY (Partial) Balance Sheet May 31, 2017 Current Assets: Finished goods inventory Work in process inventory Raw materials inventory Value Value Value 400 25

Question: Present Value Of Annuity Of $1 Periods 19% 2% 3% 49%6 5% 6% 8% 10% 12% 14% 16% 18% 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 3 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.402 2.487 2.322 2.246 2.174 2.106 4 3.902 3.808 3.717 3.630 …

Present Value of Annuity of $1 Periods 19% 2% 3% 49%6 5% 6% 8% 10% 12% 14% 16% 18% 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 3 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.402 2.487 2.322 2.246 2.174 2.106 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 5 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 6 5.795 5.601 5.417 5.242 5.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 7 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 4.288 4.039 3.812 3.605 or l 8 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 3.837 9 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 4.946 4.607 4.303 4.031 10 9.471 8.983 8.530 8.111 7.722 7.360 6.710 6.145 5.650 5.216 4.833 4.494 4.192 11 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 12 10.575 9.954 12.134 11.348 10.635 11.255 9.385 8.863 8.384 7.536 6.814 6.194 5.660 5.197 4.793 4,439 13 9.986 9.394 8.853 7.904 7.103 6.424 5.842 5.342 4.910 4.533 13.004 12.106 11.296 10.563 14 9.899 9.295 8.244 7.367 6.628 6.002 5.468 5.008 4.611 13.865 12.849 11.938 11.118 10.380 9.712 15 8.559 7.606 6.811 6.142 5.575 5.092 4.675 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 20 7.469 6.623 5.929 5.353 4.870 22.023 19.523 17.41315.622 14.094 12.783 10.675 9.077 25 7.843 6.873 6.097 5.467 4.948 25.808 22.396 19.600 17.292 15.372 13.765 11.258 9.427 30 8.055 7.003 6.177 5.517 4.979 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.779 40 8.244 7.105 6.233 5.548 4.997 un Reference Future Value of Annuity of $1 Periods 1% 2% 3% 6 % 4% 8 % 5% 10 % 14 % 16 % 12% 18% 20% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1,000 2 2.010 2.020 2.030 2.040 2.050 2.060 2.080 2.100 2.120 2.140 2.160 2.180 2.200 3,030 3 3.060 3.091 3.122 3.153 3.184 3.246 3.310 3.374 3.440 3.506 3.640 3.572 4 4,060 4.122 4.184 4.246 4.310 4.375 4.506 4.641 4.779 4.921 5.066 5.215 5.368 5.101 5.204 5.309 5.416 5.526 5.637 5.867 6.105 7.442 6.353 6.610 6,877 7.154 6 6.152 6.308 6.468 6.633 6.802 6.975 7.336 7.716 8.115 8.536 8.977 9.442 9.930 7 7.214 7.434 7.662 7.898 8.142 8.394 8.923 9.487 10.089 10.730 11.414 12.142 12.916 8.286 8.583 8.892 9.214 9.549 9.897 10.637 11.436) 12.300 13.233 14.240 15.327 16.499 9 9.369 9.755 10.159 10.583 11.027 11.491 12.488 13.579 14.776 16.085 17.519 19.086 20.799 10 10.462 10.950 11.464 12.578 13.181 12.006 14.487 15.937 17.549 19.337 21.321 23.521 25.959 11 11.567 13.486 12.169 12.808 14.207 14.972 16.645 18.531 20.655 23.045 25.733 28.755 32.150 12 12.683 13.412 14.192 16.870 18.882 15.026 15.917 18.977 21.384 24.133 27.271 30.850 34.931 39.581 13 13.809 14.680 15.618 16.627 17.713 21.495 24.523 28.029 32.089 36.786 42.219 48.497 14 14.947 15.974 17.086 18.292 19.599 21.015 24.215 27.975 32.393 37.581 43.672 50.818 59.196 15 16.097 17.293 18.599 20.024 21.579 23.276 27.152 31.772 37.280 43.842 51.660 60.965 72.035 33.06 36.786 20 22.019 24.297 26.870 29.778 45.762 57.275 72.052 186.688 91.025 115.380 146.628 25 41.646 47.727 54.865 73.106 28.243 32.030 36.459 98.347 133.334 181.871 249.214 342.603 471.981 30 34.785 40.568 47.575 56.085 66.439 79.058 113.283 164.494 356.787 241.333 530.312 790.948 1,181.882 767.091 1.342.025 2,360.757 4,163.213 7,343.858 40 48.886 60.402 75.401 95.026 120.800 154.762 259.057 442.593 I Present Value of $1 Periods 19% 2% 3% 4%6 5% 6% 10 % 8% 12% 16 % 14% 18% 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.909 0.926 0.893 0.877 0.862 0.847 0.833 2 0.980 0.961 0.943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.712 0.751 0.675 0.641 0.579 0.609 4 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 5 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 0.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.456 0.410 0.370 0.335 7 0.933 0.871 0.813 0.760 0.711 0.583 0.665 0.513 0.452 0.400 0.354 0.314 0.279 8 0.923 0.853 0.789 0.731 0.467 0.677 0.627 0.404 0.540 0.351 0.266 0.305 0.233 0.914 0.837 0.766 , 0.500 0.703 0.645 0.592 0.424 0.361 0.308 0.263 0.225 0.194 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 11 0.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 12 0.887 0.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 13 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 14 0.870 0.758 0.661 0.577 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 15 0.861 0.743 0.642 0.555 0.481 0.417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 20 0.820 0.673 0.554 0.377 0.312 0.215 0.456 0.149 0.104 0.073 0.051 0.037 0,026 25 0.295 0.233 0.780 0.610 0.478 0.375 0.146 0.092 0.059 0.038 0.024 0.016 0.010 30 0.742 0.552 0.412 0.308 0.231 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 40 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 on Periods 3 % 1% 2% 4% 12 % 10 % 5% 6% 8% 14 % 16% 18% 20 % 1.020 1 1.010 1.030 1.040 1.050 1.060 1.080 1.100 1.120 1.140 1.160 1.180 1.200 2 1.020 1.040 1.061 1.082 1.103 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 3 1.030 1.061 1.093 1.125 1.158 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 4 1.041 1.082 1.126 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 5 1.051 1.104 1.159 1.217 1.276 1.338 1.469 1.611 1.762 1.925 2.100 2.288 2.488 6 1.062 1.126 1.194 1.265 1.340 1.419 1.587 1.772 1.974 2.195 2.436 2.700 2.986 7 1.072 1.149 1.230 1.316 1.407 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3.583 1.172 8 1.083 1.267 1.477 1.594 1.369 1.851 2.144 2.476 2.853 3.278 3.759 4.300 9 1.094 1.195 1.305 1.423 1.551 1.689 1.999 2.358 2.773 3.252 3.803 4.435 5.160 10 1.105 1.219 1.344 1.480 1.629 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 11 1.116 1.243 1.384 1.710 1.898 2.332 1.539 2.853 3.479 4.226 5.117 6.176 7.430 12 1.127 1.268 1.426 1.601 1.796 2.012 2.518 3.138 3.896 4.818 5.936 7.288 8.916 13 2.133 2.720 1.138 1.294 1.469 1.665 1.886 3.452 4.363 5.492 6.886 8.599 10.699 14 1.149 1.319 1.513 1.732 1.980 2.261 2.937 3.797 4.887 6.261 7.988 10.147 12.839 15 1.161 1.346 2.079 2.397 3.172 1.558 1.801 4.177 5.474 7.138 9.266 11.974 15.407 20 1.220 1.486 1.806 2.191 2.653 3.207 4.661 6.727 9.646 13.743 19.461 27.393 38.338 4.292 25 1.282 1.641 2.094 3.386 6.848 2.666 10.835 17.000 26.462 40.874 62.669 95.396 30 1.348 5.743 1.811 2.427 3.243 4.322 10.063 17.449 29.960 50.950 85.850 143.371 237.376 3.262 4.801 750.378 1,469.772 40 1.489 2.208 7,040 10.286 21.725 45,259 93.051 188.884 378.721 1. Compute the payback period, the ARR, and the NPV of these two plans. What are the strengths and weaknesses of these capital budgeting models? 2. Which expansion plan should Cuppa choose? Why? 3. Estimate Plan A’s IRR. How does the IRR compare with the company’s required rate of return? Requirement 1. Compute the payback period, the ARR, and the NPV of these tao plans. What are the strengths and weaknesses of these capital budgeting models? Begin by computing the payback period for both plans. (Round your answers to one decimal place.) years Plan A Plan B years Now compute the ARR (accounting rate of retum) for both plans. (Round the peroentages to the nearest tenth percent.) % Plan A Plan D Next compute the NPV (net present value) under each plan. Begin sign to represent a nogative NPV) wth Plan A then compute Plan B. (Round your answers to the nearmst whole dollar and use parentheses or a minus Net present value of Pian A Net present velue of Plan B Maich the term with the strengths and weeknesses isted for each of the three capital budgeting models. is based on cash fows, can be used to assoss profitability, ond takes into aocount the time value of money. It has none of the weaknesses of the other two models is easy to understand, is based on cash flows, and highlights risks However, it ignones profitablity and the time value of money. ,can be used to assess profitabiity, but it ignores the tme value of money Requirement 2. Which expension plan should Cuppa choose? Why? Recommendation Invest in payback period Raquirement 3. Estimate Plan A’s RR How does he IRR compare with the company’s required rate of retum thas the net present value. t also has e The iRR (ntemal rate of retum) of Plan A is betweon the company’s hurdie rate of 10% This rete Choose from any ist or enter any number in the input fiids and then connue to the net queon Cuppa Inc. operates a chain of lunch shops. The company is considering two possible expansion plans. Plan A would open eight smaller shops at a cost of $8,940,000. Expected annual net cash inflows are $1,550,000 with zero residual value at the end of ten years Under Plan B, Cuppa would open three larger shops at a cost of $8,840,000. This plan is expected to generate net cash inflows of $1,100,000 per year for ten years, the estimated life of the properties. Estimated residual value is 50, (Click the icon to view the present value annuity factor table.) Cuppa uses straight-line depreciation and requires an annual return of 10 % (Click the icon to view the present value factor table.) (Click the icon to view the future value annuity factor table) (Click the icon to view the future value factor table.) Read the teaquitements Requirement 1. Compute the payback period, the ARR, id the NPV of these two plans. What are the strengths and weaknesses of these capital budgeting models? Begin by computing the payback period for both plans (Round your answers to one decimal place) Plan A 5.8 years Plan B 8.0 years torrect: 0 Now compute the ARR (accounting rate of return) for both plans. (Round the percentages to the nearest fenth percent.) Plan A % Plan B % Periods 3 % 1% 2% 4% 10 % 5% 6% 8% 12% 14% 16% 18% 20% 1.020 1 1.010 1.030 1.040 1.050 1.060 1.080 1.100 1.120 1.140 1.180 1.160 1.200 2 1.020 1.040 1.061 1.082 1.103 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 3 1.030 1.061 1.093 1.125 1.158 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 4 1.041 1.082 1.126 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 5 1.051 1.104 1.159 1.217 1.276 1.338 1.469 1.611 1.762 1.925 2.100 2.288 2.488 6 1.062 1.126 1.194 1.265 1.340 1.419 1.772 1.587 1.974 2.195 2.436 2.700 2.986 7 1.072 1.149 1.230 1.316 1.407 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3.583 8 1.083 1.172 1.369 1.477 1.267 1.594 1.851 2.144 2.476 2.853 3.278 3.759 4.300 9 1.094 1.195 1.305 1.423 1.551 1.689 1.999 2.358 2.773 3.252 3.803 4.435 5.160 10 1.105 1.219 1.344 1.480 1.629 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 11 1.116 1.710 1.898 1.243 1.384 1.539 2.332 2.853 3.479 4.226 5.117 6.176 7.430 12 1.127 1.268 1.426 1.601 1.796 2.012 2.518 3.138 3.896 4.818 5.936 7.288 8.916 13 2.133 2.720 1.138 1.294 1.469 1.665 1.886 3.452 4.363 5.492 6.886 8.599 10.699 14 1.149 1.319 1.513 1.732 1.980 2.261 2.937 3.797 4.887 6.261 7.988 10.147 12.839 15 1.161 1.801 2.079 2.397 3.172 4.177 1.346 1.558 5.474 7.138 9.266 11.974 15.407 20 1.220 1.486 1.806 2.191 2.653 3.207 4.661 6.727 9.646 13.743 19.461 27.393 38.338 25 1.282 1.641 2.094 2.666 3.386 4.292 6.848 10.835 17.000 26.462 40.874 62.669 95.396 30 4.322 1.348 1.811 2.427 3.243 5,743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 750.378 1,469.772 40 1.489 2.208 3.262 4.801 7.040 10.286 21.725 45,259 93.051 188.884 378.721

Question: Martinez Company’s Relevant Range Of Production Is 7,500 Units To 12,500 Units. When It Produces And Sells 10,000 Units, Its Average Costs Per Unit Are As Follows: Average Cost Per Unit Direct Materials $6.20 Direct Labor $3.70 Variable Manufacturing Overhead Fixed Manufacturing Overhead Fixed Selling Expense Fixed Administrative Expense $1.60 $4.00 …

Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct materials $6.20 Direct labor $3.70 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $1.60 $4.00 $3.20 $2.20 $1.20 $0.45 Sales commissions Variable administrative expense Foundational 1-3 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.) Variable cost per unit sold Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct materials $6.20 Direct labor Variable manufacturing overhead Fixed manu facturing overhead Fixed selling expense Fixed administrative expense $3.70 $1.60 $4.00 $3.20 $2.20 Sales commissions $1.20 Variable administrative expense $0.45 Foundational 1-4 4. If 12,500 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.) Variable cost per unit sold Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct materials Direct labor $6.20 $3.70 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $1.60 $4.00 $3.20 $2.20 $1.20 $0.45 Sales commissions Variable administrat ive expense Foundational 1-5 5. If 8,000 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Do not round intermediate calculations.) Total variable cost Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct materials $6.20 Direct labor $3.70 Variable manufacturing overhead Fixed manufacturing overhead Fixed sell ing expense Fixed administrative expense $1.60 $4.00 $3.20 $2.20 Sales commissions $1.20 $0.45 Variable administrative expense Foundational 1-6 6. If 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Do not round intermediate calculations.) Total variable cost

Question: Brief Exercise 13-5 The Net Income For Metz Co. For 2017 Was $264,300. For 2017, Depreciation On Plant Assets Was $65,600, And The Company Incurred A Loss On Disposal Of Plant Assets Of $14,300. Compute Net Cash Provided By Operating Activities Under The Indirect Method. (Show Amounts That Decrease Cash Flow With Either A – Sign E.g. -15,000 Or In Parenthesis…

Brief Exercise 13-5 The net income for Metz Co. for 2017 was $264,300. For 2017, depreciation on plant assets was $65,600, and the company incurred a loss on disposal of plant assets of $14,300. Compute net cash provided by operating activities under the indirect method. (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000).) Metz Co. Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to

Question: Exercise 13-3 Cushenberry Corporation Had The Following Transactions. Sold Land (cost $7,760) For $9,700 1 Issued Common Stock At Par For $20,300 2 3. Recorded Depreciation On Buildings For $16,400. Paid Salaries Of $7,700. 4. Issued 1,300 Shares Of $1 Par Value Common Stock For Equipment Worth $8,200. 5 Sold Equipment (cost $12,900, Accumulated Depreciation…

Exercise 13-3 Cushenberry Corporation had the following transactions. Sold land (cost $7,760) for $9,700 1 Issued common stock at par for $20,300 2 3. Recorded depreciation on buildings for $16,400. Paid salaries of $7,700. 4. Issued 1,300 shares of $1 par value common stock for equipment worth $8,200. 5 Sold equipment (cost $12,900, accumulated depreciation $9,030) for $1,548. 6. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation 1. 2. 3 4. 5. 6.

Question: Exercise 13-4 Gutierrez Company Reported Net Income Of $194,700 For 2017. Gutierrez Also Reported Depreciation Expense Of $47,700 And A Loss Of $4,900 On Disposal Of The Equipment. The Comparative Balance Sheet Shows A Decrease In Accounts Receivable Of $19,900 For The Year, A $21,900 Increase In Accounts Payable, And A $3,200 Decrease In Prepaid Expenses …

Exercise 13-4 Gutierrez Company reported net income of $194,700 for 2017. Gutierrez also reported depreciation expense of $47,700 and a loss of $4,900 on disposal of the equipment. The comparative balance sheet shows a decrease in accounts receivable of $19,900 for the year, a $21,900 increase in accounts payable, and a $3,200 decrease in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2017. Use the indirect method. (Show amounts that decrease cash flow with either a parenthesis e.g. (15,000).) sign e.g. -15,000 or in GUTIERREZ COMPANY Partial Statement Cash Flows Adjustments to reconcile net income to

Question: Exercise 13-5 The Current Sections Of Scoggin Inc.’s Balance Sheets At December 31, 2016 And 2017, Are Presented Here. Scoggin’s Net Income For 2017 Was $152,000. Depreciation Expense Was $24,900. 2017 2016 Current Assets Cash $106,600 $99,100 Accounts Receivable 109,700 77,900 Inventory 157,000 171,900 Prepaid Expenses 26,700 25,100 $400,000 $374,000 …

Exercise 13-5 The current sections of Scoggin Inc.’s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin’s net income for 2017 was $152,000. Depreciation expense was $24,900. 2017 2016 Current assets Cash $106,600 $99,100 Accounts receivable 109,700 77,900 Inventory 157,000 171,900 Prepaid expenses 26,700 25,100 $400,000 $374,000 Total current assets Current liabilities Accrued expenses payable $14,600 $8,400 Accounts payable 85,500 95,100 $100.100 $103,500 Total current liabilities . Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) | SCOGGIN INC. Partial Statement of Cash Flows Adjustments to reconcile net income to

Question: Exercise 13-8 Here Are Comparative Balance Sheets For Velo Company. VELO COMPANY Compara Ber 31 Sheets Assets 2017 2016 Cash 33,100 72,600 Accounts Receivable 85,500 70,600 Inventory 169,500 187,200 Land 72,800 100,200 260,700 200,900 Equipment Accumulated Depreciation-equipment (65,800) (34,000) $558,000 $595,300 Total Liabilities And Stockholders’ …

Exercise 13-8 Here are comparative balance sheets for Velo Company. VELO COMPANY Compara ber 31 Sheets Assets 2017 2016 Cash 33,100 72,600 Accounts receivable 85,500 70,600 Inventory 169,500 187,200 Land 72,800 100,200 260,700 200,900 Equipment Accumulated depreciation-equipment (65,800) (34,000) $558,000 $595,300 Total Liabilities and Stockholders’ Equity $35,200 $ 47,400 abl Bonds payable 151,300 204,000 Common stock ($1 par) 216,900 175,600 Retained earnings 191,900 131,000 Total $595,300 $558,000 Additional information: 1, Net income for 2017 was $103.300. Cash dividends of $42,400 were declared and paid. 2 3. Bonds payable amounting to $52,700 were redeemed for cash $52,700 4. Common stock was issued for $41,300 cash 5. No equipment was sold during 2017, but land was sc at cost. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a – sign e.g. -15,000, or in parenthesis e.g. (15,000).) VELO COMPANY Statement of Cash Flows Adjustments to reconcile net income to

Question: Brief Exercise 13-7 The T-accounts For Equipment And The Related Accumulated Depreciation-Equipment For Luo Company At The End 2017 Are Shown Here. Equipment 80.300 Disposals Beg. Bal 21,900 43.200 Acquisitions …. 101,600 Accumulated Depreciation-Equipment End. Bal. 8,000 Beg. Bal. Depr. Exp End. Bal. Disposals 43,200 13,400 48,600 In Addition, Luo …

Get college assignment help at uniessay writers Brief Exercise 13-7 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end 2017 are shown here. Equipment 80.300 Disposals Beg. bal 21,900 43.200 Acquisitions …. 101,600 Accumulated Depreciation-Equipment End. bal. 8,000 Beg. bal. Depr. exp End. bal. Disposals 43,200 13,400 48,600 In addition, Luo Company’s income statement reported a loss on the disposal of equipment of $6,900. What amount was reported on the statement equipment”? (Show an amount that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) cash flows as “cash flow from sale of Cash flow from sale of equipment

Question: Auunihl Duls-Ol Daol3 Pa Acal UNIVERSITY OF BURAIMI University Of Buraimi College Of Engineering COLLEGE OF LENGINEERING Juestion 4 [5 Marks] A Company Is Considering One Of Two Equipment For Its Construction Sites. Equipment A Costs $30,000, And Also Costs $5000 Annually In Operating Expenses, And Will Have A $6000 Salvage Value At The End Of Its 4-year …

auunihl duls-Ol daol3 pa acal UNIVERSITY OF BURAIMI University of Buraimi College of Engineering COLLEGE OF LENGINEERING Juestion 4 [5 marks] A Company is considering one of two equipment for its construction sites. Equipment A costs $30,000, and also costs $5000 annually in operating expenses, and will have a $6000 salvage value at the end of its 4-year service life Equipment B costs $60,000, but requires only $30000 annually in operating expenses. Its service life is 8 years at which time its expected salvage value is $9000. The company’s interest rate is 12%. If the need for equipment is 8 years and the efficient is the same for both of them, determine the most economical equipment using Present Worth Comparison.

Question: Versity Of Buraimi College Of Engineering COLLEGE OF LENGINEERING Question 3; (5 Marks A Piece Of Land Can Be Rent By $610,000 For Ten Years To Be Mined. The Rent Value Should Be Paid At The Start Of The First Year. The Annual Net Income Will Be $200,000 Per Year. If The Interest Rate Is 10%, Is The Project Economically Justifiable? Use The Present …

versity of Buraimi College of Engineering COLLEGE OF LENGINEERING Question 3; (5 marks A piece of land can be rent by $610,000 for ten years to be mined. The rent value should be paid at the start of the first year. The annual net income will be $200,000 per year. If the interest rate is 10%, is the project economically justifiable? Use the Present Worth Comparison.

Question: Question 2 [5 Marks] An Industrial Firm Is To Buy A New Machine For Its New Factory. They Have Received Two Offers As Shown Below. If The Interest Rate Is 10% And The Life Time Of Each Machine Is 5 Years, Which Machine Should They Select? Use The Present Worth Comparison. Ctio Machine A Machine B First Cost $2500 $3500 Annual Operating Cost $700 $900 …

Question 2 [5 marks] An industrial firm is to buy a new machine for its new factory. They have received two offers as shown below. If the interest rate is 10% and the life time of each machine is 5 years, which machine should they select? Use the Present Worth Comparison. ctio Machine A Machine B First Cost $2500 $3500 Annual Operating Cost $700 $900 Salvage Value $200 $350

Question: QUESTION 4 (15%) On March 13, 1986, Microsoft Issued Over 3 Million Shares At An Issue Price Of $21 Per Share. By Doing So, It Raised $61 Million During Its Initial Public Offering (I.P.O.). It Closed Most Recently At Approximately $135 Per Share. Since Going Public, Microsoft Stock Has Split Nine (9) Times And Began Paying A Dividend In 2003. The Specifics …

QUESTION 4 (15%) On March 13, 1986, Microsoft issued over 3 million shares at an issue price of $21 per share. By doing so, it raised $61 million during its Initial Public Offering (I.P.O.). It closed most recently at approximately $135 per share. Since going public, Microsoft stock has split nine (9) times and began paying a dividend in 2003. The specifics of each split and annual dividend are identified below: Stock Splits 09/1987 2:1 04/1990 2:1 06/1991 3:2 06/1992 3:2 Dividend Schedule 2003 $0.24 per share 2004 S3.16 per share 2005 S0.32 per share 2006 S0.28 per share 2007 $0.14 per share 2008 S0.24 per share 2009 $0.52 per share 2010 S0.55 per share 2011 $0.68 per share 2012 S0.83 per share 2013 $0.97 per share 2014 S1.15 per share 2015 S1.29 per share 2016 S1.47 per share 2017 S1.56 per share 2018 S1.68 per share 2019 $1.84 per share 05/1994 2:1 12/1996 2:1 02/1998 2:1 03/1999 2:1 02/2003 2:1 I That is, two shares in exchange for one share as represented by the nomenclature 2:1 and three shares in exchange for two shares as represented by “3:2” During this period, the 30-year U.S. Treasury Bill interest rate averaged approximately 6% . Considering all years as full years, and that dividends paid are a part of the return of a stock, determine the TOTAL PROJECTED Rate of Return of the investment in Microsoft.

Question: Required Information Problem 11-2A Analysis And Computation Of Payback Period, Accounting Rate Of Return, And Net Present Value LO P1, P2, P3 [The Following Information Applies To The Questions Displayed Below.] Most Company Has An Opportunity To Invest In One Of Two New Projects. Project Y Requires A $310,000 Investment For New Machinery With A Six-year …

Required information Problem 11-2A Analysis and computation of payback period, accounting rate of return, and net present value LO P1, P2, P3 [The following information applies to the questions displayed below.] Most Company has an opportunity to invest in one of two new projects. Project Y requires a $310,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $310,000 investment for new machinery with a five-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and EVA of $1 (Use appropriate factor(s) from the tables provided.) Project Y Project Z $355,000 Sales $284,000 Expenses Direct materials Direct labor 35,500 49,700 71,000 127,800 25,000 42,600 127,800 25,000 Overhead including depreciation Selling and administrative expenses 230,900 53,100 15,930 Total expenses 273,500 81,500 24,450 Pretax income Income taxes (30%) $ 57,050 $37,170 Net income Problem 11-2A Part 2 2. Determine each project’s payback period. Answer is complete but not entirely correct. Payback Period Choose Choose Numerator: Payback Period Denominator: Annual net cash Cost of investment Payback period flow Project Y 136,180 x $ 310,000 2.28 years Project $ 141,565( 310,000 2.19 years 3. Compute each project’s accounting rate of return. Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return / Accounting rate of return Project Y Project Z Determine each project’s net present value using 10% as the discount rate. Assume that cash 4. flows occur at each year-end. (Round your intermediate calculations.) Project Y Chart values are based on: n = i = Select Chart Present Value Amount PV Factor X $0 Net present value Project Z Chart values are based on: n = Select Chart Amount PV Factor Present Value X $0 = Net present value

Question: Problem 11-4A (Part Level Submission) On January 1, 2017, Geffrey Corporation Had The Following Stockholders’ Equity Accounts Common Stock ($20 Par Value, 60,000 Shares Issued And Outstanding) Paid-in Capital In Excess Of Par-Common Stock Retained Earnings $1,200,000 200,000 600,000 During The Year, The Following Transactions Occurred. Declared A $1 …

Problem 11-4A (Part Level Submission) On January 1, 2017, Geffrey Corporation had the following stockholders’ equity accounts Common Stock ($20 par value, 60,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,200,000 200,000 600,000 During the year, the following transactions occurred. Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $13 per share. Issued the shares for the stock dividend. Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2018. Determined that net income for the year was $350,000. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Account Titles and Explanation Debit Credit Date Feb. 1 Cash Dividends 60000 Dividends Payable 60000 Dividends Payable 60000 Mar. 1 60000 Cash Apr.1 No Entry No Entry Stock Dividends July 1 Paid-in Capital in Excess O1 Common Stock Dividends July 31 Common Stock Dividends Common Stock Cash Dividends Dec. 1 Dividends Payable Income Summary Dec. 31 Retained Earnings (To close net income) Retained Earnings Dec. 31 Stock Dividends (To close stock dividends) Retained Earnings Dec. 31 Retained Earnings Dec. 31 Cash Dividends (To close cash dividends)

Question: Required . Manufacturing Account And Income Statement For The Year Ended 30 April 2012

QUESTION 2 The following trial balance was extracted from the books of Mali Ltd, a manufacturing company, 31 December 2010 Sh.”000″ Sh. -000 Inventaries as at 1 January 2010 Raw materials Finished goods Work in progress 21,000 38,900 13,500 180,000 145,000 Wages Direct- Factory 35,000 Sale of scrap raw materials Royalties Carriage inwards Purchases of raw materials Machinery (Cost Sh.280,000,000) Computers (Cost Sh.20,000.000) General factory expenses Lighting Factory power Sales Administrative salaries Sales representative salaries Commission on sales Rent 7,000 3,500 370,000 230,000 12,000 31,000 7.500 13,700 1,000 000 44,000 30,000 11,500 12,000 CPA-FINANCIAL ACCOUNTING

Question: ABC Company Prepares The Following Financial Statements. ABC Company Profit Or Loss Statement For The Year Ended June 30, 2016 Cash $10,000 Accounts Payable Salary Payable $1,000 $3,500 Accumulated Depreciation $2,000 $ 6,500 Total Expenses Net Profit $ 3,500 ABC Company Protit Or Loss Statement As At June 30, 2016 Liabilities Assets $ 3,500 $ 3,000 …

ABC Company prepares the following Financial Statements. ABC Company Profit or Loss Statement For the year ended June 30, 2016 Cash $10,000 Accounts payable Salary payable $1,000 $3,500 Accumulated Depreciation $2,000 $ 6,500 Total expenses Net profit $ 3,500 ABC Company Protit or Loss Statement As at June 30, 2016 Liabilities Assets $ 3,500 $ 3,000 Retained profit $ Revenue 19,500 Bank loan Total liabilities $6,500 Machine $20,000 Less: Depreciation 1,000 $ 19,000 Equity Share capital $ 2,000 Total assets $ 38,500 Total Equity $2,000 rac The Manager of the company have asked you to assess whether the Financial Statements are prepared according to the accounting rules. Requirements: Identify the errors in the Financial Statements? Explain why the information are i. incorrectly presented. ii Prepare correct Financial Statements.

Question: 1: In Your Own Words, Explain What The Purpose Of Test Of Controls Is? (2 Marks)ldentify Specific Accounts On The Financial Statements That Are Affected By Performing Test Of Controls For The Acquisition And Payment Cycle (2 Marks) 2: Explain What Is “going Concern” And What Are Some Of The Financial Indicators Looked For By An Auditor (identify A Minimum …

1: In your own words, explain what the purpose of test of controls is? (2 marks)ldentify specific accounts on the financial statements that are affected by performing test of controls for the acquisition and payment cycle (2 marks) 2: Explain what is “going concern” and what are some of the financial indicators looked for by an auditor (identify a minimum of three)? as it is used in accounting and auditing a 3: Explain the difference between “materiality AASB 1013 “Materiality” and “Emphasis of Matter” s per 4: There are two types of sampling risk, one for test of controls, the other involving substantive testing. For each of the tests, explain what the risks are? 5: Explain what are the major considerations that an auditor should take into account in determining what level of substantive testing should be carried out?

Question: A BCC Cellular System Was Installed To Support 360,000 Subscriber With Average Traffic Per User Of 0.1 Erlang And Initial GoS Of 0.3%. The Available Channels Are 1080 And The System Adopts 4-reuse Pattern With 60° Sectoring. Installing A New Cell Costs 150,000 $ And Renting Of Each Extra Channel Costs 40,000 $ If Number Of Subscribers Has Been Doubled …

A BCC cellular system was installed to support 360,000 subscriber with average traffic per user of 0.1 Erlang and initial GoS of 0.3%. The available channels are 1080 and the system adopts 4-reuse pattern with 60° sectoring. Installing a new cell costs 150,000 $ and renting of each extra channel costs 40,000 $ If number of subscribers has been doubled and the GoS must be maintained constant. What is the cost effective choice; installing more cells for the same available channels, or renting more channels for the samenumber of cells? Prove your answer (26 marks)

The post Question: Question 2 Topic 2 (6 Marks) Runaway Hotels Ltd Has Provided You With The Following Information (a) The 30 September 2010 Balance Shown On The Bank Statement Of $10,188 (b) On September 30, The Company Recorded A Deposit Of $1,085 In Its Financial Records. This Does Not Show On The Bank Statement (c) Outstanding Cheques At September 30 Totalled $2,143 … appeared first on uniessay writers.

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