Division A		Division B		Division C
Sales revenue
Income	$1,800,000		$8,320,000
Average investment
Sales margin	24	%	20	%	30	%
Capital turnover	1.00		4.00
ROI		%		%	24	%
Residual income					$498,000

Required:

The following data pertain to three divisions of Nevada Aggregates, Inc. The company’s required rate of return on invested capital is 12 percent. (Round "Capital turnover" answers to 2 decimal place.)

A company wants to reward key employees and is considering a restricted stock plan. They have asked you for advice on whether there is an advantage to offering restricted stock units instead of a restricted stock award. What happens if you are fired, retire or die prior to the end of the vesting period?

Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor of the company believes that costs are driven primarily by the size of customer lawns, the size of customer garden beds, the distance to travel to customers, and the number of customers. In addition, the costs of maintaining garden beds depends on whether the beds are low maintenance beds (mainly ordinary trees and shrubs) or high maintenance beds (mainly flowers and exotic plants). Accordingly, the company uses the five activity cost pools listed below:

Activity Cost Pool	Activity Measure
Caring for lawn	Square feet of lawn
Caring for garden beds–low maintenance	Square feet of low maintenance beds
Caring for garden beds–high maintenance	Square feet of high maintenance beds
Travel to jobs	Miles
Customer billing and service	Number of customers

The company already has completed its first stage allocations of costs and has summarized its annual costs and activity as follows:

  

Activity Cost Pool	Estimated Overhead Cost		Expected Activity
Caring for lawn	$	80,200	160,000	square feet of lawn
Caring for garden beds–low maintenance	$	32,800	23,000	square feet of low maintenance beds
Caring for garden beds–high maintenance	$	45,560	17,000	square feet of high maintenance beds
Travel to jobs	$	3,200	14,000	miles
Customer billing and service	$	6,700	34	customers

Required:

Compute the activity rate for each of the activity cost pools. (Round your answers to 2 decimal places.)

Pixel Studio, Inc., is a small company that creates computer-generated animations for films and television. Much of the company’s work consists of short commercials for television, but the company also does realistic computer animations for special effects in movies. The young founders of the company have become increasingly concerned with the economics of the business—particularly since many competitors have sprung up recently in the local area. To help understand the company’s cost structure, an activity-based costing system has been designed. Three major activities are carried out in the company: animation concept, animation production, and contract administration. The animation concept activity is carried out at the contract proposal stage when the company bids on projects. This is an intensive activity that involves individuals from all parts of the company in creating story boards and prototype stills to be shown to the prospective client. Once a project is accepted by the client, the animation goes into production and contract administration begins. Almost all of the work involved in animation production is done by the technical staff, whereas the administrative staff is largely responsible for contract administration. The activity cost pools and their activity measures are listed below: Activity Cost Pool Activity Measure Activity Rate Animation concept Number of proposals $ 5,600 per proposal Animation production Minutes of completed animation $ 7,200 per minute Contract administration Number of contracts $ 6,900 per contract These activity rates include all of the company’s costs, except for its organization-sustaining costs and idle capacity costs. There are no direct labor or direct materials costs. Preliminary analysis using these activity rates has indicated that the local commercial segment of the market may be unprofitable. This segment is highly competitive. Producers of local commercials may ask three or four companies like Pixel Studio to bid, which results in an unusually low ratio of accepted contracts to bids. Furthermore, the animation sequences tend to be much shorter for local commercials than for other work. Since animation work is billed at fairly standard rates according to the running time of the completed animation, this means that the revenues from these short projects tend to be below average. Data concerning activity in the local commercial market appear below: Activity Measure Local Commercials Number of proposals 11 Minutes of completed animation 9 Number of contracts 10 The total sales from the 10 contracts for local commercials was $240,000. Required: 1. Calculate the cost of serving the local commercial market. 2. Calculate the margin earned serving the local commercial market. (Remember, this company has no direct materials or direct labor costs.)

Boswell and Johnson form a partnership on May 1, 2016. Boswell contributes cash of $57,000; Johnson conveys title to the following properties to the partnership:

	Book Value		Fair Value
Land	$	18,500	$	35,000
Building and equipment		38,500		43,000

The partners agree to start their partnership with equal capital balances. No goodwill is to be recognized.

According to the articles of partnership written by the partners, profits and losses are allocated based on the following formula:

• Boswell receives a compensation allowance of $1,500 per month.
• All remaining profits and losses are split 70:30 to Johnson and Boswell, respectively.
• Each partner can make annual cash drawings of $5,000 beginning in 2017.

Net income of $14,500 is earned by the business during 2016.

Walpole is invited to join the partnership on January 1, 2017. Because of her business reputation and financial expertise, she is given a 40 percent interest for $61,000 cash. The bonus approach is used to record this investment, made directly to the business. The articles of partnership are amended to give Walpole a $2,000 compensation allowance per month and an annual cash drawing of $10,000. Remaining profits are now allocated:

Johnson	52	%
Boswell	8
Walpole	40

All drawings are taken by the partners during 2017. At year-end, the partnership reports an earned net income of $35,000.

On January 1, 2018, Pope (previously a partnership employee) is admitted into the partnership. Each partner transfers 10 percent to Pope, who makes the following payments directly to the partners:

Johnson	$	7,725
Boswell		8,874
Walpole		9,988

Once again, the articles of partnership must be amended to allow for the entrance of the new partner. This change entitles Pope to a compensation allowance of $1,300 per month and an annual drawing of $4,000. Profits and losses are now assigned as follows:

Johnson	43.0	%
Boswell	15.0
Walpole	32.0
Pope	10.0

For the year of 2018, the partnership earned a profit of $58,000, and each partner withdrew the allowed amount of cash.

Determine the capital balances for the individual partners as of the end of each year: 2016 through 2018.

Workpaper Entries and Consolidated Net Income for Two Years, Cost Method LO 6 LO 3 LO 5 On January 1, 2014, Palmero Company purchased an 80% interest in Santos Company for $2,800,000, at which time Santos Company had retained earnings of $1,000,000 and capital stock of $500,000. On the date of acqui- sition, the fair value of the assets and liabilities of Santos Company was equal to their book value, except for prop- erty and equipment (net), which had a fair value of $1,500,000 and a book value of $600,000. The property and equipment had an estimated remaining life of 10 years. Palmero Company reported net income from independent operations of $400,000 in 2014 and $425,000 in 2015. Santos Company reported net income of $300,000 in 2014 and $400,000 in 2015. Neither company declared dividends in 2014 or 2015. Palmero uses the cost method to account for its investment in Santos. Required: A. Prepareingeneraljournalformtheentriesnecessaryintheconsolidatedstatementsworkpapersfortheyears ended December 31, 2014 and 2015. B. Prepare a schedule or t-account showing the calculation of the controlling and non controlling interest in consolidated net income for the years ended December 31, 2014 and December 31, 2015.

Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows:

	Standard Quantity or Hours		Standard Price or Rate			Standard Cost
Direct materials	2.20	ounces	$	23.00	per ounce	$	50.60
Direct labor	0.70	hours	$	12.00	per hour		8.40
Variable manufacturing overhead	0.70	hours	$	3.00	per hour		2.10
Total standard cost per unit						$	61.10

During November, the following activity was recorded related to the production of Fludex:

1. Materials purchased, 11,000 ounces at a cost of $237,600.

2. There was no beginning inventory of materials; however, at the end of the month, 2,650 ounces of material remained in ending inventory.

3. The company employs 18 lab technicians to work on the production of Fludex. During November, they each worked an average of 190 hours at an average pay rate of $10.50 per hour.

4. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $6,200.

5. During November, the company produced 3,750 units of Fludex.

Required:

1. For direct materials:

a. Compute the price and quantity variances.

b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract?

2. For direct labor:

a. Compute the rate and efficiency variances.

b. In the past, the 18 technicians employed in the production of Fludex consisted of 5 senior technicians and 13 assistants. During November, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued?

3. Compute the variable overhead rate and efficiency variances

1.Emily Bradly is part of a team at work that has been charged with the responsibility of researching

differences between IFRS and U.S. GAAP. The team reaches a consensus on a given topic that Emily does not

agree with. Not wanting to enter into a conflict, Emily agrees with the group. What type of bias is

represented in the in the above scenario?

A) availability bias

B) overconfidence bias

C) confirmatory bias

D) groupthink bias

2.Yellow Pencil Company pays Helen, a staff accountant, a $10,000 a month salary. How should the salary

be recognized as an expense?

A) matched with revenue earned by the Yellow Pencil Company

B) systematically allocated with the use of the pencil making machinery of the Yellow Pencil Company

factory

C) upon the sale of pencils and in proportion to those sales

D) recorded as a measure of the effort expended by the staff accountant in the periods in which she works

3.Under U.S. GAAP, revenues are considered ________ when the seller has accomplished what it must do to

be entitled to the revenues.

A) recognized

B) earned

C) realized

D) entitled

4.

he ________ cost is the amount of cash (or equivalent) that a firm paid to acquire an asset, whereas

________ is the amount the firm would pay if the asset were purchased today.

A) historical; current cost

B) present value; current market value

C) historical; current market value

D) realized; present value

I need a correct answer with explanation please，thx！

chois sales director believes the company can sell 2800 units at a selling price of 380 or 5300 units at a price of 330 or 6800 units at a price of 230. if it chose to sell 6800 units, however, it would incur additional advertising costs of $66000 and variable selling costs of $6 per unit.

Data

1-3000 units produced fixed costs 275000 variable cost per unit 74

3001-6000 units produced fixed costs 405000 variable cost per unit 44

6001-10000 units produced fixed costs 815000 variable cost per unit 24

(a) if Choi sells 2800 units, its operating income will be?

(b) if Choi sells 5300 units its operating income will be?

(C) if choi sells 6800 units its operating income will be?

Choi should plan to produce and sell ________ units because this level of production and sales _______________

Shamrock, Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Shamrock, Inc.’s purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Shamrock, Inc. uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 10 $111 $ 1,110 Sept. 12 Purchases 56 114 6,384 Sept. 19 Purchases 60 115 6,900 Sept. 26 Purchases 24 116 2,784 Totals 150 $17,178 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 $Enter a dollar amount $Enter a dollar amount $Enter a dollar amount (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $Enter a dollar amount $Enter a dollar amount $Enter a dollar amount

What is the Account Receivable cycle in details? please provide the link of the book or the research paper

thank you for your help

G Force Manufacturing Company had net income of $300,000 in 2017 when the number of units produced and sold was 6000 and data for variable and fixed costs were as follows:

Cost Schedule

Variable Costs:          Direct Material                                           $35

                                    Direct Labour                                         $30

                                    Variable Manufacturing Overhead            $15

Fixed Costs:               Manufacturing Overhead                                          $232,000

                                    Advertising                                                                   33,000

                                    Administrative                                                                     155,000

Required:

1. Compute the selling price per unit in 2017, using the equation method.

2. Using the sales price per unit calculated in (i), prepare a contribution margin income statement for the year ended December 31, 2017, detailing the components of total fixed costs and clearly showing contribution and net income.

3. Calculate G-Force’s break-even point in units and in dollars.

4. Calculate the margin of safety in number of units and sales dollars.

5. Using the production/sales of 6,000 units, construct a breakeven chart for G-Force Manufacturing Company, clearly showing the break-even point and the margin of safety in units and dollars and the region representing profits and losses. (Use a scale of 2 cm to represent 1,000 units on the x-axis and 2 cm to represent $200,000 on the y-axis).

6. The president of G-Force Manufacturing is under pressure from stockholders to increase operating income by 10% in 2018. Management expects per unit data and total fixed costs to remain the same in 2018. Compute the number of units that must be sold in 2018 to reach the shareholders’ desired profit level. Is this a realistic goal?

7. Assume that G-Force Manufacturing sells the same number of units in 2018 as it did in 2017. Assuming unit variable costs and total fixed costs remain unchanged, what would the new selling price have to be in order to reach the stockholders desired profit level?

Fortis Healthcare (amount in Rs. Millions)
	2018	2017	2016
Net Profit	-9,344	4,793	397
Total Revenue	47,005	47,397	43,524
Net Profit Margin	13.69%	40.64%	20.84%
Apollo Hospitals (amount in Rs. millions)
	2018	2017	2016
Net Profit (PAT)	596	1,311	2,352
Total Revenue	82,756	72,774	62,597
Net Profit Margin	0.70%	1.80%	3.80%

Please make a comparative analysis in 250 words for both companies over three years. Make sure the analysis goes into reason for the changes and sounds professional.

P11–13 Initial investment at various sale prices Ed Mann, sole owner of Edward Mann Consulting (EMC) is replacing one machine with another. The old machine was purchased 3 years ago for an installed cost of $10,000. The firm is depreciating the machine under MACRS, using a 5-year recovery period (see Table 4.2). The new machine costs $24,000 and requires $2,000 in installation costs. The firm is subject to a 40% tax rate. In each of the following cases, calculate the initial investment for the replacement.

Table 4.2

Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes

	Percentage by recovery yeara
Recovery year	3 years	5 years	7 years	10 years
1	33%	20%	14%	10%
2	45	32	25	18
3	15	19	18	14
4	7	12	12	12
5		12	9	9
6		5	9	8
7			9	7
8			4	6
9				6
10				6
11				4
Totals	100%	100%	100%	100%

1. EMC sells the old machine for $11,000.
2. EMC sells the old machine for $7,000.
3. EMC sells the old machine for $2,900.
4. EMC sells the old machine for $1,500.

I don't have a finance calculator. I have the TI84 PLus, please show work . thanks.

Hickory Company manufactures two products—15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all $729,600 of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z:

Activity Cost Pool	Activity Measure	Estimated Overhead Cost		Expected Activity
Machining	Machine-hours	$	227,700	11,000	MHs
Machine setups	Number of setups	$	153,900	270	setups
Product design	Number of products	$	91,000	2	products
General factory	Direct labor-hours	$	257,000	13,200	DLHs

Activity Measure	Product Y	Product Z
Machine-hours	7,700	3,300
Number of setups	60	210
Number of products	1	1
Direct labor-hours	8,700	4,500

Required :

9. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y?

10. Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z?

11. Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z?

12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z?

13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z?

14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z?

15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z?