During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows:

* $3 per unit variable; $254,000 fixed each year.

The company’s $34 unit product cost is computed as follows:

Forty percent of fixed manufacturing overhead consists of wages and salaries; the remainder consists of depreciation charges on production equipment and buildings.

Production and cost data for the first two years of operations are:

Required:

1. Using variable costing, what is the unit product cost for both years?

2. What is the variable costing net operating income in Year 1 and in Year 2?

3. Reconcile the absorption costing and the variable costing net operating income figures for each year.

Using variable costing, what is the unit product cost for both years?

What is the variable costing net operating income in Year 1 and in Year 2? (Loss amounts should be indicated with a minus sign.)

Reconcile the absorption costing and the variable costing net operating income figures for each year.

1.Sasha owns two investments, A and B, that have a combined total value of 45,500 dollars. Investment A is expected to pay 20,500 dollars in 1 year(s) from today and has an expected return of 12.95 percent per year. Investment B is expected to pay 44,425 dollars in T years from today and has an expected return of 9.22 percent per year. What is T, the number of years from today that investment B is expected to pay 44,425 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

2.2 year(s) ago, Mack invested 6,570 dollars. In 2 year(s) from today, he expects to have 8,380 dollars. If Mack expects to earn the same annual return after 2 year(s) from today as the annual rate implied from the past and expected values given in the problem, then how much does Mack expect to have in 7 years from today?

3.3 year(s) ago, Xavier had 255,400 dollars in his account. In 6 year(s), he expects to have 411,900 dollars. If he has earned and expects to earn the same return each year from 3 year(s) ago to 6 year(s) from today, then how much does he expect to have in 2 year(s) from today?

4.

3 year(s) ago, Fatima invested 5,640 dollars. In 2 year(s) from today, she expects to have 7,720 dollars. If Fatima expects to earn the same annual return after 2 year(s) from today as the annual rate implied from the past and expected values given in the problem, then in how many years from today does she expect to have exactly 10,610 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows:

* $3 per unit variable; $246,000 fixed each year.

The company’s $41 unit product cost is computed as follows:

Forty percent of fixed manufacturing overhead consists of wages and salaries; the remainder consists of depreciation charges on production equipment and buildings.

Production and cost data for the first two years of operatons are:

Required:

1. Using variable costing, what is the unit product cost for both years?

2. What is the variable costing net operating income in Year 1 and in Year 2?

3. Reconcile the absorption costing and the variable costing net operating income figures for each year.

req 1

Using variable costing, what is the unit product cost for both years?

req 2

What is the variable costing net operating income in Year 1 and in Year 2?

req 3

Reconcile the absorption costing and the variable costing net operating income figures for each year. (Enter any losses or deductions as a negative value.)

On April 1, 2024, Titan Corporation purchases office equipment for $50,000. For tax reporting, the company uses MACRS and classifies the equipment as 5-year personal property. In 2024, this type of equipment is eligible for 60% first-year bonus depreciation. For financial reporting, the company uses straight-line depreciation. Assume the equipment has no residual value.

Required:

1. Calculate annual depreciation for the five-year life of the equipment according to MACRS. The company uses the half-year convention for tax reporting purposes.
2. Calculate annual depreciation for the five-year life of the equipment according to straight-line depreciation. The company uses partial-year depreciation based on the number of months the asset is in service for financial reporting purposes.
3. In which year(s) is tax depreciation greater than financial reporting depreciation?

• Required 1
• Required 2
• Required 3

Calculate annual depreciation for the five-year life of the equipment according to MACRS. The company uses the half-year convention for tax reporting purposes. (Round "Depreciation Rate per MACRS" answers to 2 decimal places. Round your final answers to nearest whole dollars. Leave no cell blank. Ensure to enter zero wherever applicable.)

• Required 2
• Required 3

Calculate annual depreciation for the five-year life of the equipment according to straight-line depreciation. The company uses partial-year depreciation based on the number of months the asset is in service for financial reporting purposes.

In which year(s) is tax depreciation greater than financial reporting depreciation?

During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows:

* $3 per unit variable; $253,000 fixed each year.

The company’s $36 unit product cost is computed as follows:

Forty percent of fixed manufacturing overhead consists of wages and salaries; the remainder consists of depreciation charges on production equipment and buildings.

Production and cost data for the first two years of operatons are:

Required:

1. Using variable costing, what is the unit product cost for both years?

2. What is the variable costing net operating income in Year 1 and in Year 2?

3. Reconcile the absorption costing and the variable costing net operating income figures for each year.

Using variable costing, what is the unit product cost for both years?

What is the variable costing net operating income in Year 1 and in Year 2?

Reconcile the absorption costing and the variable costing net operating income figures for each year. (Enter any losses or deductions as a negative value.)

Below is a sample of 12 flights with their domestic airfares shown for both years. Current year 378,351,249,588,525,294. Previous year 549,447,522,684,309,390. Current year 468,333,513,600,468,669. Previous year 573,348,564,399,255,363. a. Formulate the hypotheses and test for a significant increase in the mean domestic airfare for business travel for the one-year period. (less than, greater than, less or equal, greater or equal etc...) t value? (3 decimals degrees of freedom? p-value? Using a .05 level of significance, what is your conclusion? b. What is the sample mean domestic airfare for business travel for each year? current year___? 2 decimals previous year___? 2 decimals c. What is the percentage change in the airfare for the one-year period?

Ben sells books and other supplies to students in a state where the sales tax rate is 8 percent. Ben engaged in the following transactions for Year 1. Sales tax of 8 percent is collected on all sales.

1. Book sales, not including sales tax, for Year 1 amounted to $250,000 cash.
2. Cash sales of miscellaneous items in Year 1 were $85,000, not including tax.
3. Cost of goods sold was $190,000 for the year.
4. Paid $117,000 in operating expenses for the year.
5. Paid the sales tax collected to the state agency.

Required
a. What is the total amount of sales tax Ben collected and paid for the year?

b. Prepare the journal entries for numbers 1-5 listed above

c. What is Ben's net income for the year?

Vail Book Mart sells books and other supplies to students in a state where the sales tax rate is 8 percent. Vail Book Mart engaged in the following transactions for Year 1. Sales tax of 8 percent is collected on all sales.

1. Book sales, not including sales tax, for Year 1 amounted to $274,000 cash.
2. Cash sales of miscellaneous items in Year 1 were $147,000, not including tax.
3. Cost of goods sold was $209,000 for the year.
4. Paid $131,000 in operating expenses for the year.
5. Paid the sales tax collected to the state agency.

Required
a. What is the total amount of sales tax Vail Book Mart collected and paid for the year?
b. What is Vail Book Mart’s net income for the year?

Consideration is being given to the investment of $420,000 at time zero for machinery and equipment to be depreciated using 7 year straight line depreciation starting in year 1 with the half-year convention. Annual sales are projected to be $400,000 less annual operating costs of $200,000. Escalation of operating costs and sales revenue is expected to be a washout from year to year. $100,000 for working capital investment is also needed at time zero and working capital return is expected to equal the initial working capital investment at the end of the project. Salvage value of the machinery and equipment is expected to be zero. The minimum DCFROR is 15% and the effective income tax rate is 35%. Calculate DCFROR and NPV for a 9-year evaluation life and an 18 year evaluation life.

Your dad would like to finance you to complete college. He agrees to lend you $12,000 on your 21st birthday when you join college and agrees to increase the amount lent each year by $2,000 for the next 3 years. If you have to pay him back $18,000 per year on your 28th birthday to your 32nd birthday, what internal rate of return per year compounded yearly did you end up paying for the amount borrowed from your dad?

3.5% per year compounded yearly 4.9% per year compounded yearly 5.7% per year compounded yearly 6.9% per year compounded yearly

please show work in excel