Q1 Give example of company using ABC costing and explain the process used in this company to assign costs in an ABC system?

Answer:

      Q 2 Give examples of questions managers could ask to help them identify relevant qualitative factors that will be used before making decision?

Answer:

      Q 3 Kadhim Co. manufactures product B which is a part of its main product. Kadhim Co makes 50,000 units of product B per year. The production costs are detailed below. An outside supplier has offered to supply 50,000 units of product B per year at $ 2.45 each. Fixed production cost of $ 40,000 associated with the product B are unavoidable. Should Kadhim Co make or buy the product B?

The production cost per unit for manufacturing a unit of product B are:

Petroncan , CO operates in the oil industry, contaminating land at foreign location. The foreign country does not have environmenT law that will require Petrocan co. to clean up the contamination. However, Petrocan has a widely published policy to clean up all contamination that is causes, and it has a record of honoring this policy. Requirement: The company applies the three criteria of IAS 37 to determine whether recognition of a provision is appropriate.

1….. Is the criterion 2, “ present obligation as a result of a past obligating event, “ met ? how? Or how not? 2. Is the criterion

2, “ an outflow of resources embodying economic benefits in settlement is probable.” how? Or how not?

3. Determine whether Petrocon Co. should recognize a provision, if it can make a reliable estimate of the costs of clean-up. Yes___ or no____ . if yes, describe the recognition for what amount and in which financial schedules. If not, what accounting treatment should Petro Can do?

On April 23, 2016 Artimis Co. paid its annual property tax bill. Artimis Co. fiscal year is also the calendar year. The annual bill is $840,000.

How much property tax expense should be reported in Artimis Co.'s income statement for the quarter ending March 31, 2016.

Prepare the journal entry to record Artimis Inc.'s property tax expense for the first quarter ending March 31, 2016.

Prepare the journal entry for April 23, 2016 for the payment of property taxes and proper recording of property tax expenses for the quarter ending June 30th or any prepaid property taxes as of the endof April 2016 .

Prepare the journal entry for quarter ending September 30, 2016 for the recording of property taxes expenses for the quarter.

Prepare the journal entry for quarter ending December 31, 2016 for the recording of property taxes expenses for the quarter.

without plagiarism please ..

1/Give example of company using ABC costing and explain the process used in this company to assign costs in an ABC system?

Q 2 Give examples of questions managers could ask to help them identify relevant qualitative factors that will be used before making decision?

Q 3 Kadhim Co. manufactures product B which is a part of its main product. Kadhim Co makes 50,000 units of product B per year. The production costs are detailed below. An outside supplier has offered to supply 50,000 units of product B per year at $ 2.45 each. Fixed production cost of $ 40,000 associated with the product B are unavoidable. Should Kadhim Co make or buy the product B?                                                                                                                          

The production cost per unit for manufacturing a unit of product B are:

On September 1, Boylan Office Supply had an inventory of 35 calculators at a cost of $14 each. The company uses a perpetual inventory system. During September, the following transactions occurred. Sept. 6 Purchased with cash 90 calculators at $23 each from Guthrie Co. Sept. 9 Paid freight of $90 on calculators purchased from Guthrie Co. Sept. 10 Returned 5 calculators to Guthrie Co. in exchange for $120 cash (including reimbursement for freight fee) because they did not meet specifications. Sept. 12 Sold 27 calculators costing $24 (including freight) for $32 each to Lee Book Store, terms n/30. Sept. 14 Granted credit of $32 to Lee Book Store for the return of one calculator that was not ordered. Sept. 20 Sold 34 calculators costing $24 for $36 each to Orr's Card Shop, terms n/30.

14)

a. Shelby Co. has common stock of $2,000 and retained earnings of $5,000 at the beginning of the year. During the year, the company earned revenues of $10,000 on account; incurred operating expenses of $6,500; collected $8,000 of accounts receivable; borrowed $20,000 from a bank; obtained $8,000 of cash from owners for stock and paid $4,500 of cash to the owners as dividends. How much is the ending balances of common stock and retained earnings ___________ and _______________ .

b. Henderson Co. purchased $800 of office supplies but only has $200 left over on 1/31/xx. What is the correct end of period adjustment journal entry?

c. LNJ Co. owns equipment costing $120,000. If the salvage value is estimated to be $4,000, the estimated useful life is estimated to be 5 years and the straight-line method is used to depreciate assets make the journal entry for the first full year of depreciation and determine the asset’s book value at the end of year two.

Marian, a top graduate from Loyola in Humanities, was hired by a major corporation into a management position. Marian finished the corporation's management training program top in her group, and is performing above the norm in her position. She is really enjoying her work.

As a woman she feels isolated, as there are no other women managers and few women in her area. One night at a company party she heard a conversation between two of her male co-workers and their supervisor. They were complaining to him about Marian's lack of qualifications and her unpleasant personality. They cursed affirmative action regulations for making the hiring of Marian necessary.

Marian is very upset and wants to quit.

Questions:

1. Should Marian quit?
2. Are her co-workers correct in their evaluation?
3. Should Marian confront the co-workers?
4. Should Marian file a discrimination suit?
5. Should Marian go to the supervisor?
6. What else could Marian do?

Rios Financial Co. is a regional insurance company that began operations on January 1, Year 1. The following transactions relate to trading securities acquired by Rios Financial Co., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Record these transactions on page 11:

Martha has been an employee at ABC Global for a total of 8 years. She has consistently been recognized for her solid work and creativity and has been twice promoted. Most recently, Martha received the Impact Award which is the highest recognition that the company bestows and also comes with a $2000 bonus. As a high-ranking American-born female of Nigerian descent, she has been an example to many in the organization in how hard-work & honesty can be rewarded.

Over the last several years, Martha's faith has become more important to her. As such, she silently reads the Bible only on her breaks and at lunch. A week ago, an employee named Drew complained that he was "offended" because he saw Martha reading her Bible. Drew has been with the company 10 years and has also been recognized for good performance. A factor that could be considered is that last year, Drew, Martha and a third employee competed for a promotion of which Martha received. In addition, Drew previously expressed a concern about a co-worker wearing a Sikh turban.

The owners of ABC Global are strongly opposed to any religious persecution and have taken a stance of accommodating all faith-based views whether they be Christian, Jewish, Muslim, Hindu etc. As a result, an informal survey of the organization has shown several employees reading the Torah, the Quran and other books.

Focusing strictly on the legality and ethical issue, as an ABC Global leader, how would you address the situation with Drew?

please use one or more citation, Minimum response 250 words

Martha has been an employee at ABC Global for a total of 8 years. She has consistently been recognized for her solid work and creativity and has been twice promoted. Most recently, Martha received the Impact Award which is the highest recognition that the company bestows and also comes with a $2000 bonus. As a high-ranking American-born female of Nigerian descent, she has been an example to many in the organization in how hard-work & honesty can be rewarded.

Over the last several years, Martha's faith has become more important to her. As such, she silently reads the Bible only on her breaks and at lunch. A week ago, an employee named Drew complained that he was "offended" because he saw Martha reading her Bible. Drew has been with the company 10 years and has also been recognized for good performance. A factor that could be considered is that last year, Drew, Martha and a third employee competed for a promotion of which Martha received. In addition, Drew previously expressed a concern about a co-worker wearing a Sikh turban.

The owners of ABC Global are strongly opposed to any religious persecution and have taken a stance of accommodating all faith-based views whether they be Christian, Jewish, Muslim, Hindu etc. As a result, an informal survey of the organization has shown several employees reading the Torah, the Quran and other books.

Focusing strictly on the legality and ethical issue, as an ABC Global leader, how would you address the situation with Drew?

please respond using one or more citations minimum 250 words