Questions
Madtack Company uses a job-order costing system and started the month of March with three jobs...

Madtack Company uses a job-order costing system and started the month of
March with three jobs in process. The cost of beginning work in process
plus the costs added during March are shown below:

                                  Job #359      Job #360      Job #361
beginning work in process .....    $4,800        $3,500        $5,300

COSTS ADDED DURING MARCH:
direct materials ..............    $4,100        $3,000        $6,400
direct labor ..................     5,000         3,900         4,000

Madtack applies overhead to jobs at a rate of 80% of direct materials
used. During March, Madtack completed and sold Job #361. Job #359 was
also completed but was not sold by the end of March. Job #360 was not
completed by the end of March. Madtack's actual overhead cost for the
month of March totaled $11,500.

Calculate Madtack's cost of goods sold for March after the overhead
variance is closed.

In: Accounting

You are an audit senior at Sheerin& Associates and have noted the following independent issues in...

You are an audit senior at Sheerin& Associates and have noted the following independent issues in relation to the audit of Creek Ltd:

  1. The Creek company Ltdusually carried out its stocktakeon balance date after it had closed its stores for the day but due to illness the stocktake was carried out twentydaysafter balance date.
  2. The audit of the accounting system found numerous severe internal control weaknesses during the interim audit .
  3. Due to increased competitive pressures, Creek Ltdhas recently moved the manufacture of some of its clothing lines out of Melbourne into regional areas. While Sleek Ltdsaves around 25% in costs, the manu­fac­tur­ing process takes longer and on several occasions late delivery has resulted in lost sales.

Required:

Explain the impact of each of these separate issues on your assessment of audit risk, the materiality level and the audit strategy that would be adopted.

In: Accounting

ou are considering two different strategies for a savings account that you intend to close when...

ou are considering two different strategies for a savings account that you intend to close when you retire exactly 29 years from today. For Strategy 1, deposit $1,750 per quarter for 8 years (first deposit today; last one exactly 8 years from today); no new deposits will be made after the end of the deposit period, but interest continues to accrue until the account is closed. For Strategy 2, you’ll make your first quarterly deposit exactly 8 years from today, each quarterly deposit also equals $1,750 , and you’ll continue making quarterly deposits for 21 years, so that you make the final deposit exactly 29 years from today when you close the account. The savings rate always is 7.5% compounded quarterly. What will strategy 1 accumulate at retirement?

In: Finance

ou are considering two different strategies for a savings account that you intend to close when...

ou are considering two different strategies for a savings account that you intend to close when you retire exactly 29 years from today. For Strategy 1, deposit $1,750 per quarter for 8 years (first deposit today; last one exactly 8 years from today); no new deposits will be made after the end of the deposit period, but interest continues to accrue until the account is closed. For Strategy 2, you’ll make your first quarterly deposit exactly 8 years from today, each quarterly deposit also equals $1,750 , and you’ll continue making quarterly deposits for 21 years, so that you make the final deposit exactly 29 years from today when you close the account. The savings rate always is 9.5% compounded quarterly.

What will strategy 1 accumulate at retirement?

In: Finance

1. Describe what each parameter does: EEG: EOG: ECG: EMG: Leg wires: Belts: Nasal Flow: SpO2:...

1. Describe what each parameter does:

EEG:

EOG:

ECG:

EMG:

Leg wires:

Belts:

Nasal Flow:

SpO2:

Snore:

2. Bio-calibrations! Next to each bio-calibration, enter why it is important for the patient to perform this?

Eyes Closed:

Eyes Open:

Look up:

Look down:

Look left:

Look right:

Blink rapidly:

Grind teeth:

Breath in 3 times through nose:

Deep breath and hold 10 seconds:

Flex left foot:

Flex right foot:

Count to 10:

3. After performing bio-calibrations, what is the next most important button we click on the study when patient is going to sleep?

4. During the night, C3 appears to show high impedance. What should you do?

5. List the different types of PVC's.

In: Nursing

Lori, age 26, works as a waitress at an upscale restaurant in Dallas, Texas. After the...

Lori, age 26, works as a waitress at an upscale restaurant in Dallas, Texas. After the restaurant closed one evening, she drove home in a blinding rainstorm. A drunk driver ran a red light, smashed head-on into Lori’s car, and was instantly killed. Lori was more fortunate. She lived but was unable to work for six months. During that time, she incurred medical bills in excess of $100,000 and lost about $20,000 in tips and wages. The restaurant did not provide any health or disability income insurance, whereas the driver had a life and health insurance plan.

Identify the major pure risks or pure loss exposures to which the drunk driver and Lori are exposed respectively with respect to each of the following. Explain your answer.

i) Personal loss exposures

ii) Property loss exposures

iii) Liability loss exposures

In: Accounting

On June 1st 2016, Professor Cole bought an investment property for $400,000. He took out a...

On June 1st 2016, Professor Cole bought an investment property for $400,000. He took out a standard 30 year fixed mortgage for $242000 at a nominal rate of 5.500% per year, with uniform monthly payments starting one month from the date of closing. He closed on June 1st, and paid on the first of each month after that. He paid all of the loans closing costs. What were his monthly mortgage payments? $  
When he filed his taxes for 2016, he needed to calculate the interest paid on the mortgage. He had made 6 payments, because the January 1st 2017 payment covered the interest charged in December 2016. How much interest did he pay in 2016? $  
Next year Professor Cole had to calculate his interest paid on the mortgage in 2017. How much interest was paid in 2017? $

In: Accounting

On June 1st 2016, Professor Cole bought an investment property for $400,000. He took out a...

On June 1st 2016, Professor Cole bought an investment property for $400,000. He took out a standard 30 year fixed mortgage for $238000 at a nominal rate of 5.500% per year, with uniform monthly payments starting one month from the date of closing. He closed on June 1st, and paid on the first of each month after that. He paid all of the loans closing costs.

a.) When he filed his taxes for 2016, he needed to calculate the interest paid on the mortgage. He had made 6 payments, because the January 1st 2017 payment covered the interest charged in December 2016. How much interest did he pay in 2016?

b.) Next year Professor Cole had to calculate his interest paid on the mortgage in 2017. How much interest was paid in 2017?

In: Accounting

You are running with a business since last many years. Over a period of time you...

You are running with a business since last many years. Over a period of time you have very good corporate image in market. But unfortunately since last two years your firm is passing through crisis. Your business is suffering from heavy losses. You are planning to wind up your business. Meanwhile one big corporate house has announced a big corporate deal through auction. You have also decided to take part in that deal as it will be a last option for you to save your business. On the day of auction, so many companies have participated for this bid. Committee would declare the result after lunch break. You found the closed envelope of your competitor’s bid during lunch break.

  1. Will you be ethical in this situation? If yes how? And if no! Why?
  2. If you be ethical, how you will survive your business.

In: Operations Management

The topic for the paper I need assistance on is the long term effects of the...

The topic for the paper I need assistance on is the long term effects of the coronavirus on business and society.

A large number of businesses have closed, unemployment claims have risen to an all-time high, the US stock markets have tumbled in a manner not seen since the great depression, and all this is happening just a few months after we saw the economy achieve a series of all-time low unemployment records for different groups along with all-time high stock market averages.

With all these things in mind, my assignment is to select an industry that is of interest to you and then write a short essay on the changes that you believe will take place in that industry, its firms, the operating procedures of firms and possibly also in available jobs and job requirements. I was thinking small restaurant business industry,

I need assistance with this 500-word essay. Thank you!

In: Operations Management