1a). The following information is available for the year ended December 31: The amount of raw materials used in production for the year is:

a. $4,100.

b. $5,100.

c. $3,500.

d. $6,500.

e. $4,000

1.b) Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record the purchase of materials is:

a. Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000.

b. Debit Goods in Process Inventory $198,000; credit Accounts Payable $198,000.

c. Debit Raw Materials Inventory $198,000; credit Goods in Process Inventory $198,000.

d. Debit Goods in Process Inventory $195,000; credit Raw Materials Inventory $195,000.

e. Debit Raw Materials Inventory $198,000; credit Finished Goods Inventory $198,000.

1. c) Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record the issuance of materials to production is:

a. Debit Raw Materials Inventory $195,000; credit Accounts Payable $195,000.

b. Debit Goods in Process Inventory $195,000; credit Raw Materials Inventory $195,000.

c. Debit Raw Materials Inventory $195,000; credit Goods in Process Inventory $195,000.

d. Debit Goods in Process Inventory $165,000; debit Factory Overhead $30,000; credit Raw Materials Inventory $195,000.

e. Debit Finished Goods Inventory $195,000; credit Raw Materials Inventory $195,000.

1.d) Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record the application of factory overhead to production is:

a. Debit Goods in Process Inventory $225,000; credit Factory Overhead $225,000.

b. Debit Goods in Process Inventory $165,000; credit Factory Overhead $165,000.

c. Debit Factory Payroll $150,000; credit Goods in Process Inventory $150,000.

d. Debit Factory Overhead $165,000; credit Goods in Process Inventory $165,000.

e. Debit Goods in Process Inventory $165,000; credit Factory Payroll $165,000.

1.e) Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. Bard's beginning and ending Goods in Process Inventory are $15,500 and $27,000 respectively. Compute the cost of product transferred to Finished Goods Inventory:

a. $558,500.

b. $440,000.

c. $413,000.

d. $428,500.

e. $415,000.

At the end of the preceding year, Gonzales Industries had a deferred tax asset of $17,500, attributable to its only temporary difference of $50,000 for estimated expenses. At the end of the current year, the temporary difference is $45,000. At year-end, Gonzales Industries now estimates that it is more likely than not that one-third of the deferred tax asset will never be realized. Taxable income is $12,000 for the current year and the tax rate is 30% for all years. Required Show well-labeled supporting computations for each component of the journal to record Gonzales Industries' income tax expense for the current year, assuming that at the beginning of the year, the valuation allowance account for the deferred tax asset had a balance of $1,000.

A lessor has signed a non-cancelable 5-year lease of a warehouse with a lessee:

• The lessor believes that the lessee will make all 5 of the beginning-of-the-year rentals of $62,018 each, i.e., the lessor believes collection of the rentals is probable.

• The structure has an estimated useful life of 40 years, and at the end of the lease, it will be returned to the lessor, who plans to maintain it for storage of idled machinery.

• The warehouse has a fair value of $800,000, and unknown to the lessee, the cost of the property to the lessor was $500,000.

• The lease contains a residual guarantee of $700,000, and unknown to the lessor, the lessee does not expect the residual value to exceed $650,000.

• In setting the terms of the lease, the lessor used a 6% rate of return, although that fact is not known to the lessee, whose borrowing rate is 8% and who is unable to determine the lessor’s implicit rate.

Required—Identify the type of lease the above contract represents to the lessor by applying each of the five lease classification criteria of FASB ASC 842.

The following data is related to sales and production for Blue sky company for last year.

Selling price per unit $140

Variable manufacturing costs per unit $62

Variable selling and administrative expenses per unit $6

Fixed manufacturing overhead (in total) $32,000

Fixed selling and administrative expenses (in total) $6000

Units produced during the year 2000

Units sold during year 900

a) Using variable costing, what is the operating income for last year?

b) Management is considering the following courses of actions to increase net income:

1) Increase selling price by 15% with no change in variable costs.

2) Decrease variable costs to 40% of sales.

3) Decrease fixed manufacturing costs by 28000.

If the management is aiming to maximize the net income, which one is the best course of action? Present all of your calculations.

Note: This problem is for the 2018 tax year. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for three years. She has a son, Jason, who is 17, and a daughter, June, who is 18. Jason's Social Security number is 111-11-1112, and June's is 123-45-6788. Roberta does not want to contribute $3 to the Presidential Election Campaign Fund. Roberta, an advertising executive, earned a salary from ABC Advertising of $80,000 in 2018. Her employer withheld $9,000 in Federal income tax and $3,100 in state income tax. Roberta has legal custody of Jason and June. The divorce decree provides that Roberta is to receive the dependency deductions for the children. Jason lives with his father during summer vacation. Wayne indicates that his expenses for Jason are $5,500. Roberta can document that she spent $6,500 for Jason's support during 2018. In prior years, Roberta gave a signed Form 8332 to Wayne regarding Jason. For 2018, she has decided not to do so. Roberta provides all of June's support. Roberta's mother died on January 7, 2018. Roberta inherited assets worth $625,000 from her mother. As the sole beneficiary of her mother's life insurance policy, Roberta received insurance proceeds of $300,000. Her mother's cost basis for the life insurance policy was $120,000. Roberta's favorite aunt gave her $13,000 for her birthday in October. On November 8, 2018, Roberta sells for $22,000 Amber stock that she had purchased for $24,000 from her first cousin, Walt, on December 5, 2012. Walt's cost basis for the stock was $26,000, and the stock was worth $23,000 on December 5, 2014. On December 1, 2018, Roberta sold Falcon stock for $13,500. She had acquired the stock on July 2, 2014, for $8,000. An examination of Roberta's records reveals that she received the following: Interest income of $2,500 from First Savings Bank. Groceries valued at $750 from Kroger Groceries for being the 100,000th customer. Qualified dividend income of $1,800 from Amber. Interest income of $3,750 on City of Springfield school bonds. Alimony of $16,000 from Wayne. Distribution of $4,800 from ST Partnership. Her distributive share of the partnership passive taxable income was $5,300. She had no prior passive activity losses during 2012. Assume that the qualified business income deduction applies and the W–2 wage limitation does not apply. From her checkbook records, she determines that she made the following payments during 2018: Charitable contributions of $4,500 to First Presbyterian Church and $1,500 to the American Red Cross (proper receipts obtained). Paid $5,000 to ECM Hospital for the medical expenses of a friend from work. Mortgage interest on her residence of $7,800 to Peoples Bank. Property taxes of $3,200 on her residence and $1,100 (ad valorem) on her car. $800 for landscaping expenses for residence. Estimated Federal income taxes of $2,800 and estimated state income taxes of $1,000. Medical expenses of $5,000 for her and $800 for Jason. In December, her medical insurance policy reimbursed $1,500 of her medical expenses. A $1,000 ticket for parking in a handicapped space. Attorney's fees of $500 associated with unsuccessfully contesting the parking ticket. Contribution of $250 to the campaign of a candidate for governor. Because she did not maintain records of the sales tax she paid, she calculates the amount from the sales tax table to be $994. Required: Calculate Roberta's net tax payable or refund due for 2018. Assume a qualifying dividend and net capital gain rate of 15% rate. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". Make realistic assumptions about any missing data. It may be necessary to complete the tax schedules before completing Form 1040. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Use the Tax Rate Schedule provided. Do not use the Tax Tables.

How is the transfer to another university going after the second year? what are the requirements? how to enter the budget?

The company I am using is Adidas, Inc for the year 2019.

Your task is to determine the WACC for a given firm using what you know about WACC, as well as data you can find through research. Your deliverable is a brief report in which you state your determination of WACC, describe and justify how you determined the number, and provide relevant information as to the sources of your data. Select a publicly traded company that has debt or bonds and common stock to calculate the current WACC. One good source for financial data for companies, as well as data about their equity, is Yahoo! Finance. By looking around this site, you should be able to find the market capitalization (E) as well as the β for any publicly traded company. There are not many places left where data about corporate bonds is still available. One of them is the Finra Bonds website. To find data for a particular company’s publicly traded bonds use the Quick Search feature, then be sure to specify corporate bonds and type in the name of the issuing company. This should give you a list of all of the company’s outstanding bond issues. Clicking on the symbol for a given bond issue will lead you to the current amount outstanding and the yield to maturity. You are interested in both. The total of all bonds outstanding is D in the above formula. If you like, you can use the YTM on a bond issue that is not callable as the pre-tax cost of debt for the company.

Assumptions: As you recall, the formula for WACC is: rWACC = (E/E+D) rE + D/(E+D) rD (1-TC) The formula for the required return on a given equity investment is: ri= rf + βi * (RMkt-rf) RMkt-rf is the Market Risk Premium. For this project, you may assume the Market Risk Premium is 5% unless you can develop a better number. rf is the risk-free rate. The risk-free rate is normally the yield on US Treasury securities such as a 10-year treasury. For this assignment, please use 3.5%. You may assume a corporate tax rate of 40%.

Submit the following: Write a 350- to 700-word report that contains the following elements: Your calculated WACC How data was used to calculate WACC (provide the formula and the formula with your values substituted) Sources for your data A discussion of how much confidence you have in your answer, including what the limiting assumptions you made were, if any Include a Microsoft® Excel® file showing your WACC calculations discussed above.