I posted a question yesteraday and got an answer. There is a second part to the question

Problem 6-4A^A Periodic: Alternative cost flows P3

Refer to the information in Problem 6-3A and assume the periodic inventory system is used.

Required

Compute cost of goods available for sale and the number of units available for sale.

Compute the number of units in ending inventory.

Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round all amounts to cents.)

Compute gross profit earned by the company for each of the four costing methods in part 3.

Analysis Component

If the company’s manager earns a bonus based on a percentage of gross profit, which method of inventory costing will the manager likely prefer?

The following data relate to a manufacturing department for a period:

Budgeted data for the coming year are as follows:

Direct labour hours 60,000 hours

Direct labour cost $110,000

Direct material cost $125,000

Production overhead $70,400

Actual data for the period are as follows:

Direct labour hours 55,500 hours

Direct labour cost $125,000

Direct material cost $150,000

Production overhead $67,800

Required:

(7A) Calculate the production overhead absorption rate predetermined for the period based on :

1. Percentage of direct material cost;
2. Direct labour hours

(7B) Two pieces of furniture are to be manufactured for customers. Direct costs are as follows:

Job 400                                                            Job 401

Direct material           $15,400                                                           $10,800

Direct labour   210 hours Dept. A @$16/ hour:          160 hours Dept. A @20/hour

120 hours Dept. B @$12/hour;                                  100 hours Dept. B @$18/hour

100 hours Dept. C @$14/hour;                                  140 hours Dept. C@$10/hour

Selling and administrative overheads for each job are 10% of factory cost.

Required:

(7C)     Calculate the total costs of each job using all the two bases in question (7A) above.

(7D) If the firm quotes prices to customers that reflect a required profit of 25 per cent on selling price, calculate the quoted selling price for each job.

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.18 million and create incremental cash flows of $820,227.00 each year for the next five years. The cost of capital is 11.69%. What is the net present value of the J-Mix 2000?

Answer format: Currency: Round to: 2 decimal places.

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.96 million and create incremental cash flows of $500,207.00 each year for the next five years. The cost of capital is 9.34%. What is the internal rate of return for the J-Mix 2000?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.98 million and create incremental cash flows of $640,301.00 each year for the next five years. The cost of capital is 9.10%. What is the profitability index for the J-Mix 2000?

Answer format: Number: Round to: 3 decimal places.

I would really appreciate the Help!! :) would be great if you could show the steps (not on excel) for better understanding! Thank You~

Repair Shop has a monthly target operating income of 34000 . Variable expenses are 80 ​% of sales and monthly fixed expenses are 10300 . Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Repair​ Shop's margin of safety as a percentage of target sales. 3. What is Repair​ Shop's operating leverage factor at the target level of operating​ income? 4. Assume that the repair shop reaches its target. By what percentage will Repair​ Shop's operating income fall if sales volume declines by ​%? Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Begin by identifying the formula to compute the margin of safety. - = Margin of safety in dollars The margin of safety is ​$ nothing. ​(Round interim calculations up to the nearest whole dollar and your final answer up to the nearest whole​ dollar.) Requirement 2. Express Repair​ Shop's margin of safety as a percentage of target sales. Begin by identifying the formula to compute the margin of safety as a percentage of target sales. / = Margin of safety percentage The margin of safety percentage is nothing​% of target sales. ​(Round your answer to the nearest whole​ percent.) Requirement 3. What is Repair​ Shop's operating leverage factor at the target level of operating​ income? Begin by identifying the formula to compute the operating leverage factor at the target level of operating income. / = Operating leverage factor The operating leverage factor is nothing. ​(Round your answer to two decimal​ places.) Requirement 4. Assume that the repair shop reaches its target. By what percentage will Repair​ Shop's operating income fall if sales volume declines by ​%? ​(Round your answer to two decimal​ places.) Based upon the operating leverage​ factor, if volume decreases by13 ​%, operating income will decrease by nothing​%.

Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter’s activity are presented below.

Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, e.g. 15%.)

eTextbook and Media

Calculate the company’s weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.)

eTextbook and Media

Calculate the company’s break-even point in dollars. (Round computations to 2 decimal places and final answer to 0 decimal places, e.g. 1,526.)

eTextbook and Media

Determine the sales level in dollars for each division at the break-even point. (Round computations to 2 decimal places and final answers to 0 decimal places, e.g. 1,526.)

Clayton​ Moore's Money Fund.  Clayton Moore is the manager of an international money market fund managed out of London. Unlike many money funds that guarantee their investors a near​ risk-free investment with variable interest​ earnings, Clayton​ Moore's fund is a very aggressive fund that searches out relatively​ high-interest earnings around the​ globe, but at some risk. The fund is​ pound-denominated. Clayton is currently evaluating a rather interesting opportunity in Malaysia. Since the Asian Crisis of​ 1997, the Malaysian government enforced a number of currency and capital restrictions to protect and preserve the value of the Malaysian ringgit. The ringgit was fixed to the U.S. dollar at RM3.80​/$ for seven years. In​ 2005, the Malaysian government allowed the currency to float against several major currencies. The current spot rate today is RM3.13488/$. Local currency time deposits of​ 180-day maturities are earning 8.899​% per annum. The London eurocurrency market for pounds is yielding 4.196​% per annum on similar​ 180-day maturities. The current spot rate on the British pound is $1.5819/£​, and the​ 180-day forward rate is$1.5558/£. The initial investment is £1,000,000.00.

The investment proceeds from the initial investment is ( ANS) £nothing.( Round to two decimal​ places.)

The return on the​ 180-day investment is (ANS)%. (Round to three decimal​ places.)

If Clayton Moore invests in the Malaysian ringgit​ deposit, and accepts the uncovered risk associated with the​ RM/$ exchange rate​ (managed by the​ government), and sells the dollar proceeds​ forward, he should expect a return of

▼

4.196

6.202

8.899

3.80

​% on his​ 180-day pound investment. This is

▼

better

worse

than the

▼

4.196

6.202

3.80

8.899

​% per annum he can earn in the​ euro-pound market. ​ (Round the percentage to three decimal places and select from the​ drop-down menus.)

Assignment #2 Integrated Audit Practice Case

1. AICPA auditing standards require a discussion among the engagement team about the susceptibility of the financial statements to material misstatement. What are some of the purposes of this discussion?

2. The auditor reviews important financial statement numbers and ratios at both the beginning and the completion of the audit. Compare and contrast the purposes of (1) preliminary analytical procedures and (2) analytical procedures performed near the completion of the audit.

3. When you identified income statement fluctuations in steps (e) and (f) of this assignment, which information did you find most helpful — comparisons of the current year’s and prior year’s balances, or comparisons of the current year’s and prior year’s balances as a percentage of sales? Explain.

4. The auditor should consider the results of analytical procedures performed in planning the audit that indicate possible implausible or unexpected relationships in assessing the risk of fraud. For example, if the auditor compares revenue reported by product line each month (i.e., monthly sales volume) with sales (or production) capacity, and determines that the number of items reported as sold exceeds capacity, then the auditor should be concerned that revenue may be materially overstated due to fraudulent revenue transactions. What other types of unexpected relationships, ratios, or trends might suggest an increased risk of fraud? Discuss any relationships, ratios, or trends you identified in this assignment that might represent an increased fraud risk.

5. The client’s “going concern” status is an audit reporting issue that is addressed at the conclusion of the audit. Auditing standards require the auditor to assess whether the client is likely to continue in existence for a reasonable period of time after the date of the financial statements. Indicate reasons why the auditor should also assess the company’s going concern status in the planning stage of the audit.

The Dahlia Company has net income of $273,650 and pays dividend of $58,720. There are currently 34.92 days’ sales in receivables. Total assets are $1,047,800, total accounts receivable are $206,430, and the debt–equity ratio is .42.

What is the company’s profit margin?  (Express your answer as percentage.)

Profit margin:  %  
  
What is the company’s total asset turnover?  (Express your answer as times.)
    
Total asset turnover:  times
  
What is the company’s ROE?  (Express your answer as percentage.)  
  
ROE:  %

What is the company's sustainable growth rate?  (Express your answer as percentage.)  

Sustainable growth rate

Assume that the temperature of air is 0?C at all elevations. Ignore the variation of g with elevation.

A) Find the percentage decrease in air pressure in going from sea level to an altitude of 200 m .

B) Find the percentage decrease in air pressure in going from sea level to an altitude of 2000 m .

c) How does the percentage decrease in air pressure in going from sea level to an altitude of 200 mcompare to that when going from sea level to an altitude of 2000 m ?

d)If your second answer is not 10 times your first answer, explain why.

Mary is the production manager of the potato chip division. She gets bonus equal to 10% of her base salary if the division meets its target profit. She realized that the preliminary profit figures for the division is $10,000 below the target profit. She is considering changing the estimated percentage completion with respect to materials and conversion in ending work in process inventory of the final processing department to increase the profit. Does Mary want the percentage completion to be increased or decreased? Briefly explain your reasoning. Do you think Mary should change the percentage completion? Why or why not?