Segment Reporting To provide information that can be used to evaluate _____ and ______ across different lines of business and in different parts of the world, Multinational Corporations (MNCs) disaggregate consolidated totals and provide disclosures on a segment basis. This information may also be used to assess how __________ an MNC is. Fill in the spaces?

author avatar November 13th, 2021 / admin / 0 comments Segment Reporting To provide information that can be used to evaluate _____ and ______ across different lines of business and in different parts of the world, Multinational Corporations (MNCs) disaggregate consolidated totals and provide disclosures on a segment basis. This information may also be used to assess how __________ an MNC is. Fill in the […]

I need help with this question.   Norman Geological Surveys located in Baltimore, Maryland purchased surveying equipment from a manufacturer, in Raleigh, North Carolina for $26,700. Norman incurred the following additional charges in relation to the equipment: Total Freight from Raleigh to Baltimore $2520. Norman and the seller divided these charges amongst themselves in the following ratio: Norman 32%; Manufacturer 68%. Insurance premium on equipment while in transit $420 Insurance premium on equipment for first year $320 Installation of Equipment: $750 Testing of Equipment to make sure it was installed properly: $275 Sales Taxes $1842 Calculate the cost of the equipment on Norman’s books? Round your calculations to the nearest dollar.

author avatar November 13th, 2021 / admin / 0 comments I need help with this question.   Norman Geological Surveys located in Baltimore, Maryland purchased surveying equipment from a manufacturer, in Raleigh, North Carolina for $26,700. Norman incurred the following additional charges in relation to the equipment: Total Freight from Raleigh to Baltimore $2520. Norman and the seller divided these charges amongst themselves in the […]

Hello, I have the following: Consolidated Balance Sheet  Dec 31, 2017, 2016 2015 (in millions)                                             2017                       2016                       2015 Current Assets                     $734                      $ 959                     $ 813 Other Assets                        $2,421                   $ 1,928                  $ 1727 Total Assets                          $3,155                   $2,887                   $ 2,540   Current Liab.                        $585                       $ 838                   $ 731 Long Term Liab.                   $ 1,555                   $ 1,015                 $ 883 Stockhldrs Equity                 $ 1,015                   $1,034                  $ 926 Total Liab & S.E.                   $3,155                    $2,887                  $2,540   Selected Income Statement ending Dec 31, 2017 and 2016. in millions.                                                        2017                                           2016 Income Statement Data:     Sales                                         $3,058                                         $2,921     Operating Income                    $   304                                          $  318     Interest Expense                       $     92                                          $   73     Net income                               $  215                                           $  210 Other Data:     Avg # of comm. shares outstd.     42.1                                            47.5     Total Dividends paid                  $ 58.0                                           $53.1 Questions are: 1. Return on Equity 2017 and 2016 (do not round immediate calculations, round to 1 decimal place.) 2. Calculate Earnings per share 2017 and 2016  3. If company’s stock had a price/earnings ratio of 13 at the end of 2017, what was the market price of the stock?   4. Calculate the dividend yield based on the market price in question 3.   5. Assume that accounts receivable at 12/31/17, totaled $317 million.  Calculate the number of day’s sales in receivables at that date.  (Use 365 days a year, do not round immediate calculations.) 6.  Calculate the debt/equity ratio at 12/31/17 and 12/31/18. thanks    

author avatar November 13th, 2021 / admin / 0 comments Hello, I have the following: Consolidated Balance Sheet  Dec 31, 2017, 2016 2015 (in millions)                                             2017                       2016              […]

Sunland has year-end account balances of sales revenue $795,635, interest revenue $14,740, cost of goods sold $567,566, administrative expenses $205,540, income tax expense $35,298, and dividend $20,554. Prepare the year-end closing entries.

author avatar November 13th, 2021 / admin / 0 comments Sunland has year-end account balances of sales revenue $795,635, interest revenue $14,740, cost of goods sold $567,566, administrative expenses $205,540, income tax expense $35,298, and dividend $20,554. Prepare the year-end closing entries.

Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows:   1 Activity Activity Cost Pool 2 Production $259,200.00 3 Setup 55,000.00 4 Material handling 9,750.00 5 Inspection 60,000.00 6 Product engineering 123,200.00 7 Total $507,150.00       The activity bases identified for each activity are as follows: Activity Activity Base Production Machine hours Setup Number of setups Material handling Number of parts Inspection Number of inspection hours Product engineering Number of engineering hours   The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows:     Machine Number of Number of Number of Number of     Hours Setups Parts Inspection Hours Engineering Hours Units Alpha 1,440 75 65 400 125 1,800 Beta 1,080 165 80 300 175 1,350 Omega 720 310 180 500 140 900 Total 3,240 550 325 1,200 440 4,050   Each product requires 40 minutes per unit of machine time.   Required:   Complete the Activity Tables for Alpha, Beta and Omega. 1. Determine the activity rate for each activity.* 2. Use the activity rates in (1) to determine the total and per-unit activity costs associated with all three products.* 3. Why aren’t the activity unit costs equal across all three products since they require the same machine time per unit?   *If required, round all per-unit amounts to the nearest cent.

author avatar November 13th, 2021 / admin / 0 comments Mello Manufacturing Company is a diversified manufacturer that manufactures three products (Alpha, Beta, and Omega) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows:   1 Activity Activity Cost […]

When opening a new business account on QuickBooks in July, but the business actually opened in January, the first statement is that the owner purchased property by signing a $40,000 mortgage note at a 5% interest…how would you post that entry?

author avatar November 13th, 2021 / admin / 0 comments When opening a new business account on QuickBooks in July, but the business actually opened in January, the first statement is that the owner purchased property by signing a $40,000 mortgage note at a 5% interest…how would you post that entry?

Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cycle uses 20 board feet. Labor cost is identified to the process as a whole, as is overhead cost. Data for the month of July follow:   Chairs Tables Direct material cost per board foot $3.60     $4.20 Number of parts formed per production cycle (20 board feet)     10           8 Actual operating hours in July    120       380 Parts produced during July 4,000     9,000 Budgeted annual conversion cost:     Labor   $150,000 Utilities     125,000 Depreciation       65,000 Other overhead      50,000 Total   $390,000       Budgeted annual operating hours for steam-bending       5,200   In your computations, round cost per unit amounts to two decimal places. If required, round final answers to the nearest dollar. a.  Compute July’s predetermined rate for the steam-bending process. b.  Compute July’s direct material costs for chairs and tables. c.  Compute conversion costs to be applied to chairs and tables in July. d.  Journalize the following entries: 1.  Assignment of direct materials to chairs and tables. If an amount box does not require an entry, leave it blank. 2. Application of conversion costs to chairs and tables. If an amount box does not require an entry, leave it blank. 3. The transfer of completed chairs and tables to the Finishing Department. All of July’s production was completed in July. If an amount box does not require an entry, leave it blank.

author avatar November 13th, 2021 / admin / 0 comments Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cycle uses 20 board feet. Labor cost is identified to the process as a whole, as is […]

Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cycle uses 20 board feet. Labor cost is identified to the process as a whole, as is overhead cost. Data for the month of July follow:   Chairs Tables Direct material cost per board foot $3.60     $4.20 Number of parts formed per production cycle (20 board feet)     10           8 Actual operating hours in July    120       380 Parts produced during July 4,000     9,000 Budgeted annual conversion cost:     Labor   $150,000 Utilities     125,000 Depreciation       65,000 Other overhead      50,000 Total   $390,000       Budgeted annual operating hours for steam-bending       5,200   In your computations, round cost per unit amounts to two decimal places. If required, round final answers to the nearest dollar. a.  Compute July’s predetermined rate for the steam-bending process.

author avatar November 13th, 2021 / admin / 0 comments Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cycle uses 20 board feet. Labor cost is identified to the process as a whole, as is […]

Hi,   How do you calculated variable production cost per unit?

author avatar November 13th, 2021 / admin / 0 comments Hi,   How do you calculated variable production cost per unit?

Core Azure Services

author avatar November 12th, 2021 / admin / 0 comments If you are responsible for budgeting and expenditures for your company’s subscriptions to Azure, how would you keep track of the costs and charges that are current? If you need to make changes to any subscriptions, how can you do so?

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