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Essay Writing

Managerial Accounting 1B Ch12 Exercise 12-5B Computation of cash flows (direct) L.O. P5 Case A: Compute cash received from customers: Sales $ 510,000 Accounts receivable, December 31, 2011 25,200 Accounts receivable, December 31, 2012 34,800 Case B: Compute cash paid for rent: Rent expense $ 140,800 Rent payable, December 31, 2011 8,800 Rent payable, December […]

Accounting question The total number of shares on offer through the rights issue was 10 million, with total expected subscriptions of $35 million. At the time of the rights issue, there were 25 million ordinary shares issued and fully paid up in the company. On 30 June 2014, the directors declared an ordinary dividend of […]

Managerial Accounting 1B Ch17 Question Detail: Managerial Accounting 1B Financial and Managerial Accounting Chapter 17 Exercise 17-6 Plantwide overhead rate L.O. P1 [The following information applies to the questions displayed below.] Textra Polymers produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready […]

Managerial Accounting 1B – Ch15 1.Exercise 15-4 Analysis of cost flows L.O. C2, P1, P2, P3 As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs. Job 102 Job 103 Job 104 Direct materials $ 30,000 $ 66,000 $ 54,000 Direct […]

Managerial Accounting 1B Ch18 Question Detail: Managerial Accounting 1B Financial and Managerial Accounting Chapter 18 Exercise 18-5 Predicting sales and variable costs using contribution margin L.O. C2 Orlando Company management predicts that it will incur fixed costs of $250,000 and earn pretax income of $350,000 in the next period. Its expected contribution margin ratio is […]

Managerial Accounting 1B Ch21 Question Detail: Managerial Accounting 1B Financial and Managerial Accounting Chapter 21 Exercise 21-1 Preparation of flexible budgets L.O. P1 Mesa Company’s fixed budget for the first quarter of calendar year 2011 reveals the following. Prepare flexible budgets that show variable costs per unit, fixed costs, and three different flexible budgets for […]

Accounting Problems and Excel Solutions 4 Tanner Furniture Company concluded its FIRST year of operations in which it made sales of $1,500,000, ALL on installment. Collections during the year from down payments and installments totaled $600,000.  Purchases for the year totaled $900,000; the cost of merchandise on hand at the end of the year was […]

Managerial Accounting 1B Ch20 Question Detail:Managerial Accounting 1B Financial and Managerial Accounting-Chapter-20 1. Exercise 20-5 Computing budgeted cash payments for purchases L.O. P1 Powerdyne Company s cost of goods sold is consistently 60% of sales. The company plans to carry ending merchandise inventory for each month equal to 40% of the next month s budgeted […]

Managerial Accounting 1B Ch19 Question Detail: Managerial Accounting 1B Financial and Managerial Accounting Chapter 19 Exercise 19-1 Income reporting under absorption costing and variable costing L.O. P2 Adams Company, a manufacturer of in-home decorative fountains, began operations on September 1 of the current year. Its cost and sales information for this year follows. Production costs […]

Accounting exam questions 1. Explain why a company would offer terms on their sales invoice such as 2/10, n/30. (10 Points) 2. The HeadSet Company sells headsets (very creative name for a company). The management of the HeadSetcompany does not like to prepare journal entries so they called you for help. . Following is the […]