Increase of $8,000 B. Increase of $1,000 C. Decrease of $7,000 D. Decrease of $1,000 47. The following monthly data are available for the Eager Company and its only product: Sales (7,000 units @ $75)………………...$525,000 Variable expenses (7,000 units @ $30)…..$210,000 Total fixed expenses……………………...$180,000 The margin of safety for the company for March was: A. $315,000 B. $225,000 C. $135,000 D.
One of the items was sold during the year. Required: Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory, assuming use of: a. LIFO b. FIFO c. Weighted average (total cost/total number) | |Cost of goods sold |Ending inventory | |LIFO |700 |800 | |FIFO |800 |700 | |Weighted Average |750 |750 | Problem 2. Teague Company purchased a new machine on January 1, 2012, at a cost of $150,000. The machine is expected to have an eight-year life and a $15,000 salvage value. The machine is expected to produce 675,000 finished products during its eight-year life.
ACCT 550 Week 7 Homework Chapter 11: E11-4, E11-9, E11-11, E11-17 E11-4 (Depreciation Computations—Five Methods) Wenner Furnace Corp. purchased machinery for $279,000 on May 1, 2012. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 240,000 units, and working hours of 25,000. During 2013, Wenner Corp. uses the machinery for 2,650 hours, and the machinery produces 25,500 units. Instructions From the information given, compute the depreciation charge for 2013 under each of the following methods. (Round to the nearest dollar.)
Re: Eldridge v. Eldridge Modification of child support Statement of Facts: The client and her husband were divorced in 2006. Mrs. Eldridge was awarded custody of their two minor children. Mr. Eldridge was ordered to pay $700 dollars in child support every month. In January of 2007 Mr. Eldridge became unemployed until October of 2007 he was able to acquire a job as an electrician. During the time of Mr. Eldridge’s unemployment he did not make child support payments.
Explain. 17. Reports from a new system set up to monitor Internet use by company employees indicate that 145 out of a random sample of 1100 employees at a corporation accessed internet sites that were clearly not related to their jobs over the last week. On average, employees who accessed non job related sites spent 4.8 hours per week at such sites with a standard deviation of 2.1 hours a. Give a 95% confidence interval for the percentage of employees at the
Accounts Payable Home depot reported its January 31, 2010 accounts payable at $4,863,000 and on January 30, 2011 the same was reported the following fiscal year at $4,717,000. There is a loss of ($-146,000) which possibly indicates the repayment of construction loans, now that Home Depot now operates over 2,000 retail locations with 1,976 in the USA, 179 stores in Canada, 85 stores in Mexico and 8 stores in China. (Home Depot, 2011). Total Current Liabilities The total current liabilities for the home depot organization in January 31, 2010 was reported at $10,363,000 and the same was reported the following fiscal year on in January 30, 2011 at $10,122,000, once again there is a decrease from 2010 to 2011. Two Largest Current Liabilities
(Points : 24) Question 1. 1. (TCO E) Management at New England Life wants to establish the relationship between the number of sales calls made each week (CALLS, X) and the number of sales made each week (SALES, Y). A random sample of 18 life insurance salespeople were surveyed yielding the data found below. CALLS SALES PREDICT 57 18 50 18 2 100 61 18 48 14 58 17 48 13 29 9 43 12 51 17 32 12 59 21 32
* Offer the 5% saving on a repeat order or 7.5% saving on a new order within the next 30days. Monitor the results and review in 60 days. Follow up on any major complaints received. Senior Manager to speak to customers with major issues. Repeat the entire process again and then check the total number of customers re-ordering from the initial list by 31st March 2013.
1. Ben Collins plans to buy a house for $220,000. If that real estate property is expected to increase in value 3 percent each year, what would its approximate value be seven years from now? Solution: $220,000 1.230 = $270,600 (future value of a lump sum payment) 5. What would be the yearly earnings for a person with $8,000 in savings at an annual interest rate of 2.5 percent?
How does the situation change based on actual performance data provided in the Excel file on Blackboard? 3) What are the processing and delivery costs to fulfill average order at Peapod? (These are the key components in Peapod’s cost-to-serve. The question requires some detective work and estimation, given that all the data is not available) Conducting some secondary internet search, I found that the average basket size is over $157 and that customers typically shop twice a month. Reference: http://www.peapod.com/site/companyPages/our-company-info-for-students.jsp From table 13.3 of the case, the COGS accounts for 70% of the revenue of Peapod.