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Three years ago, you founded your own company. Three years ago, you founded your own company. YoThree years ago, you founded your own company. invested $100,000 of your own money and received 5 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing. Round Price ($) Number […]

Suppose your firm receives a $5 million order on the last day of the year. Suppose your firm receives a $5 million order on the last day of the year. You fill the order with $2 million worth of inventory. The customer picks up the entire order the same day and pays $1 million upfront […]

[[INTERNET EXERCISES]] Patents and trademarks. In the U.S., the Patent and Trademark Office is responsible for the registration of patents and trademarks. Visit the USPTO Web site (http://www.uspto.gov) and answer the following questions. a. What are the types of patents? b. How long does the patent review process take? c. What is the so-called Madrid […]

Joint p r oduct/by-p r oduct di s tinctions, Flori-Dante classifies animal feed as a by-product. The by-product is inventoried at its sell- ing price when produced; the net realisable value of the product is used to reduce the joint production costs before the split-off point. Prior to 2008, Flori-Dante classified both apple juice and […]

P r o c e s sin g c o s t i s A company simultaneously produces three products (X, Y and Z) from a single process. X and Y are processed further before they can be sold; Z is a by-product that is sold immedi- ately for $6 per unit without incurring any […]

Net r ealisab l e v alue c o s t-al l ocation method, further p r o c e s s decision. Langholmen-Sverige, AB, crushes and refines mineral ore into three products in a joint-cost operation. Costs and production for 2007 were as follows: ● Department 1, at initial joint costs of SKr 420 […]

AB C an d Budgets CJD Ltd manufactures plastic components for the car industry. The following budgeted information is available for three of their key plastic components: Selling price 200 183 175 Direct material 50 40 35 Direct labour 30 35 30 Units produced and sold 10 000 15 000 18 000 The total number […]

Activity-based job- c o s ting sy s tem Henriksen AS manufactures and sells packaging machines. It recently used an activity- based approach to refine the job-costing system at its Vejle plant. The resulting job-costing system has one direct-cost category (direct materials) and four indirect manufacturing cost pools. These four indirect-cost pools and their allocation […]

Job c o s ting, engineering c onsulting firm. Solucions SA, an engineering consulting firm, specialises in analysing the structural causes of major building catastrophes. Its job-costing system in 2007 had a single direct-cost cat- egory (professional labour) and a single indirect-cost pool (general support). The allocation base for indirect costs is professional labour-costs. Actual […]

Ranking p r ojects Assume Assume that six projects, A–F in the table that follows, have been submitted for inclusion in the coming year’s budget for capital expenditures: Project cash flows Year A B C D E F Investment 0 €(100 000) €(100 000) €(200 000) €(200 000) €(200 000) €(50 000) 1 0 20 […]