Classify Costs

Following is a list of various costs incurred in producing replacement automobile parts. With respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs.

Compare and contrast the four most common capital budgeting techniques: NPV, IRR, Payback, and Accounting Rate of Return. What are the strengths and weaknesses of each when used as the sole investment criterion? Why do most companies use more than one method when evaluating projects? Identify several non quantitative factors that are apt to play a decisive role in the final selection of projects for capital expenditures.

Selected balance sheet account balances are:            VIZQUEL COMPANY
           December 31
                            2002 2001
Cash                           $ 200,000       $ 300,000
Accounts Payable                   60,000       80,000
Accounts Receivable                   180,000       140,000
Salaries Payable                       12,000       6,000      
Land                           120,000       140,000  
Merchandise Inventory                   100,000       160,000
Prepaid Rent                      50,000       45,000
Unearned Consulting Revenue               70,000       50,000

Income statement items for the year are:
Sales                           $800,000
Consulting Fees                       $200,000
Cost of Goods Sold                   400,000  
Salary Expense                       90,000
Depreciation Expense                   40,000
Rent Expense                       100,000

7.Cash payments for depreciation during 2002 amounted to:

8.Total cash paid for operating activities amounted to:

9.Cash from operating activities during 2002 is:

10.Net income for Vizquel Company for 2002 is:

Critically examine factors that influence contemporary accounting practices or standard setting in transition countries.

1.5k words

a) Describe how you arrive at each of the following to determine the tax which will be owed at someone’s death for estate tax purposes: (1) gross estate; (2) adjusted gross estate; (3) taxable estate; (4) tentative tax base; and (5) tentative tax. Give an explanation of what you do at each stage.

What is the difference between working capital management and current asset management and where does financial analysis fit it?

Determine the amount of sales (units) that would be necessary under

Break-Even Sales Under Present and Proposed Conditions

Darby Company, operating at full capacity, sold 106,650 units at a price of $66 per unit during the current year. Its income statement for the current year is as follows:

The division of costs between fixed and variable is as follows:

Management is considering a plant expansion program that will permit an increase of $594,000 in yearly sales. The expansion will increase fixed costs by $59,400, but will not affect the relationship between sales and variable costs.

Required:

1. Determine the total variable costs and the total fixed costs for the current year. Enter the final answers rounded to the nearest dollar.

2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year. Enter the final answers rounded to two decimal places.

3. Compute the break-even sales (units) for the current year. Enter the final answers rounded to the nearest whole number.
units

4. Compute the break-even sales (units) under the proposed program for the following year. Enter the final answers rounded to the nearest whole number.
units

5. Determine the amount of sales (units) that would be necessary under the proposed program to realize the $86,900 of income from operations that was earned in the current year. Enter the final answers rounded to the nearest whole number.
units

6. Determine the maximum income from operations possible with the expanded plant. Enter the final answer rounded to the nearest dollar.
$

7. If the proposal is accepted and sales remain at the current level, what will the income or loss from operations be for the following year? Enter the final answer rounded to the nearest dollar.
$

8. Based on the data given, would you recommend accepting the proposal?

1. In favor of the proposal because of the reduction in break-even point.
2. In favor of the proposal because of the possibility of increasing income from operations.
3. In favor of the proposal because of the increase in break-even point.
4. Reject the proposal because if future sales remain at the current level, the income from operations will increase.
5. Reject the proposal because the sales necessary to maintain the current income from operations would be below the current year sales.

Bledsoe Corporation has provided the following data for the month of November:

Additional information:

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

Required:

Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.

The following information for sana co . for year ended 31/12/2017 in euro

Required : prepare multiple step income statement and closing entries under tax rate 20%

Project Household Budget

Document should be a Completed Excel spreadsheet.

Instructions: Utilizing an excel spreadsheet create a household budget showing 2 columns: 1) Monthly Budget and an 2)Annualized Budget.

To help you with this endeavor, there are numerous personal financial planning or budgeting tools available on the internet, many of them are free. You may either create a fictitious profile or use your own personal information. If you choose to use your personal data on one of the website budget tools, be sure to read the sites’ privacy policies.

Grading: Based on appropriate formatting utilized within excel, ease of flow of information, utilization of formulas when appropriate, does budget category/line items make sense, and were all items that tend to impact a budget for an average household accounted for.

Required information

[The following information applies to the questions displayed below.]

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.

Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note: the company uses a clearinghouse to take care of all bank as well as non-bank credit cards used by its customers.)

The following information relates to The Kruger Company for its 2015 and 2014 fiscal years, and Total Grocers Market, Inc. for its 2014 and 2013 fiscal years.

Required

Compute the following ratios for the Kruger company 2015 fiscal year and for the Total Grocers Market, Inc., 2014 fiscal year: (Do not round intermediate calculations. Round "Current ratio" to 2 decimal places and "Average days" to nearest whole number. Round all other answers to 1 decimal place.)

ournalize entries for the following related transactions of Manville Heating & Air Company. Refer to the Chart of Accounts for exact wording of account titles.

You are operating your accounting firm. Your first client had the following transactions in April 20x7: Borrowed $10,000 from the bank. Purchased $2,250 of computer equipment for cash. Paid $750 cash for this month’s rent. Purchased $1,500 of office supplies on credit. It is expected that these supplies will last for 3 months. Billed $500 to customers for services rendered during April. Paid cash for the $1,500 balance owed to the vendor from Transaction 4. Collected $450 cash of the amount billed to the customer in Transaction 5 Sold one-half of the equipment purchased in Transaction 2 for $1,125 in cash, with no gain or loss recognized on the sale. 9. Paid $1,000 of the principal from the loan in transaction 1, along with $50 in interest. Required: Use the four steps in the accounting cycle to analyze business transactions, a) Identifying transactions from source documents, b) Analyzing transactions using the accounting equation, c) Recording the journal entry and d) Posting the entry to the ledger to complete the following: Prepare journal entries for each of the above transactions. Post the journal entries to T–accounts and total the accounts. From the T–accounts, prepare an unadjusted trial balance. List expenses in alphabetical order. Use the following chart of accounts names and template: Cash, Capital Stock, Equipment, Accounts Payable, Rent, Supplies, Accounts Receivable, Revenue.