Evaluate and discuss how Delta airlines could benefit by analyzing future projects in terms relevant costs. This discussion should include the firm’s future plans, such as expansion, consolidation, and downsizing and how relevant costs could be used in the decision making.

Regarding accounts receivable and an allowance for uncollectible accounts, which of the following statements is false?

Group of answer choices

Net realizable value equals the sales price of an item less reasonable further costs to both make the item ready to sell and to sell it.

An aging of accounts receivable is a determination of how long each receivable has been on the books.

The net realizable value of accounts receivable is decreased when a bad debt is written off.

Receivables that result from transactions other than trade receivables, if material, are to be separately disclosed on the balance sheet.

Larkspur Inc. reports the following pretax income (loss) for both book and tax purposes. (Assume the carryback provision is used where possible for a net operating loss.)

The tax rates listed were all enacted by the beginning of 2015.

Prepare the journal entries for years 2015–2018 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carryback and loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Prepare the income tax section of the 2017 income statement beginning with the line “Operating loss before income taxes.” (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Prepare the income tax section of the 2018 income statement beginning with the line “Income before income taxes.” (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Peter Nimmer opened a veterinary business in Nashville, Tennessee, on August 1, 2017. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, and Owner’s Capital $13,700. During September, the following transactions occurred.

1. Paid $2,900 cash on accounts payable.
2. Purchased additional equipment for $2,100, paying $800 in cash and the balance on account.
3. Recognized revenue of $7,800, of which $2,500 is received in cash and the balance is due in October.
4. Withdrew $1,100 cash for personal use.
5. Paid salaries $1,700, rent for September $900, and advertising expense $450.
6. Incurred utilities expense for month on account $170.
7. Received $10,000 from Capital Bank (money borrowed on a note payable).

Instructions

1. (a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. The column headings should be as follows: Cash 1 Accounts Receivable 1 Supplies 1 Equipment 5 Notes Payable 1 Accounts Payable 1 Owner’s Capital 2 Owner’s Drawings 1 Revenues 2 Expenses.
2. (b) Prepare an income statement, Owner Equity y Balance Sheet for September 30.

thank you for your assistance with a vertical analysis of statements of earnings

1. which of the following utilizes the time value of money?

a. payback

b. benefit cost ratio

c. npv

d. none of the above

2.which of the following methods assumes 0 is the net present value

a. payback

b. discounted payback

c.irr

d. none of the above

3. a company has determined tha the standard for materials is 20ft squared and 4$ per square foot. if a process produces 2000 units and uses 11ft squared per unit at 5$ per square foot, the materials quantity variance is

a. 8000 favorable

b. 8000 unfavorable

c. 18,000 unfavorable

d. none of the above

On June 1, 2014, Montreal Corporation purchased a machine to process steel. The machine that cost $3,000,000 was purchased from Ontario Machine Inc. located in Toronto. Shipping amounted to $200,000, annual insurance on the machine was $25,000 while the installation cost was $85,000. Managers have estimated a 7 yearuseful life and a $200,000 salvage value (residual value). MontrealCorporation’s year-end is December 31st.

Required:

(a) The president of Montreal Corporation wants you to calculate amortization expense for the years ended December 31, 2014and December 31, 2015assuming the company chooses i) the straight-line method and ii) the double-declining balance method of amortization. Please show all your work.

(b) Assume that Montreal Corporation has chosen the straight-line method to amortize the asset. On January 1, 2016, management changed its initial estimate of the useful life of the asset. Based on further research, their engineering department now believes the total useful life of the asset is more likely to be 8 years. And the salvage value becomes $150,000. Based on this information, calculate the amortization expense for the year ended December 31, 2016.

Spotter Corporation reported the following for June in its periodic inventory records.

Required:

1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.)

2. Which of the three methods will lead to reporting the highest net income?

• FIFO

• LIFO

• Weighted Average Cost

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In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and overhead. The company uses a process costing system and tracks the processing volume and costs incurred in each period. At the start of the current period, 450 towels were in process and were 60 percent complete. The costs incurred were $663. During the month, costs of $15,600 were incurred, 3,900 towels were started, and 225 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete. Required: a. Prepare a production cost report; the company uses weighted-average process costing. b. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables.

Pat Inc. purchased the $100,000 face value outstanding bonds of Slinger Company, its 80%-owned subsidiary, for $97,000 on January 1, 20X3. The bonds mature on January 1, 20X6. The bonds have a stated interest rate of 8% and were sold for $101,000 on January 1, 20X1. The bonds pay interest each January 1. Amortization of the issue premium and /or discount will be on the straight-line basis. Instruction:

1. Record the entries Slinger Company would make on its books for 20X3

2. Record the entries Pat Inc. would make on its books for 20X3

Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows. Prepare a cash flow statement using the indirect method. Properly title the statement.

(Accounting for Research and Development Costs) Czeslaw Corporation's research and development department has an idea for a project it believes will culminate in a new product that would be very profitable for the company. Because the project will be very expensive, the department requests approval from the company's controller, Jeff Reid. Reid recognizes that corporate profits have been down lately and is hesitant to approve a project that will incur significant expenses that cannot be capitalized due to the requirements of the authoritative literature. He knows that if they hire an outside firm that does the work and obtains a patent for the process, Czeslaw Corporation can purchase the patent from the outside firm and record the expenditure as an asset. Reid knows that the company's own R&D department is first-rate, and he is confident they can do the work well. Instructions Answer the following questions. (a) Who are the stakeholders in this situation? (b) What are the ethical issues involved? (c) What should Reid do?

Explain the value of understanding why inventory balances, inventory turnover, cost of goods sold, operating margin, and working capital are important metrics for Cost Accounting for Boeing Manufacturing Corporation. In separate paragraphs just few sentences for each definitions

Thank you

"Depreciation, Cost Recovery, and Depletion" Business owners tend to mix their business expenses with their personal expenses. Explain how business owners can take advantage of leasing a vehicle used for both business and pleasure for tax purposes. Examine the rules for claiming deductions for business vehicles and recommend one method of cost-recovery that would result in the largest tax deduction for your client. Support your recommendation. Your client owns a company that invests in a significant amount of highly technical computer equipment. Assess the appropriateness of the various depreciation methods available to your client and recommend the method that produces the greatest tax benefit. Provide a rationale for your response.