The Hard Rock Mining Company is trying to develop cost formula for utility cost.Two independent variables are being considered: Tons Mined and Direct Labor hours. As the managerial accountant, you are to decide which independent variable is best to use. Each question is worth 2 points. The following quarterly information is available for Tons Mined: Quarter Tons Mined Utility Cost Year 1–First 15,000 $50,000 Year 1–Second 11,000 $45,000 Year 1–Third 21,000 $60,000 Year 1–Fourth 12,000 $75,000 Year 2–First 18,000 $100,000 Year 2–Second 25,000 $105,000 Year 2–Third 30,000 $85,000 Year 2–Fourth 28,000 $120,000 1. Complete a scattergraph. Include r-square factor and equation. Make sure the trend line touches the y axis. Show your scattergraph below. Make sure the graph it fits nicely on the page.

Please and thank you

Before starting this discussion, complete your unit readings on balanced scorecards, as introduced in 1992 by Kaplan and Norton, and updated with lessons learned found in Nortons article. Then, in your initial post to this discussion, comment on the following:

Describe the initial framework for balanced scorecards as introduced by Kaplan and Nortons 1992 work, “The Balanced Scorecard: Measures that Drive Performance.” You may wish to describe the overall purpose for using a scorecard, discuss the Kaplan and Norton (1996) figure that includes four key elements, how they relate to one another, and so forth.

Describe what is meant by the term balanced scorecard. Please provide paraphrasing or a quote accompanied by an APA-formatted reference from peer-reviewed literature.

After reading the articles in this unit, and reviewing Nortons article, “Strategy Execution Needs a System,” what is one new insight that you have gleaned about balanced scorecards? Possible areas of insight may include: how balanced scorecards are used, their limitations, their positive potential for an organization, and so forth.

Please respond in an outline format and include at least one APA-formatted reference to an outside peer-reviewed reference to support your insights portion of the response. Your initial post must be a minimum of 150 words.

Which of the following should not be reported as other financing sources (uses) in a Capital Projects Fund? Face value of general obligation bonds issued to finance a general government capital project. Premium on general obligation bonds issued to finance a general government capital project. Payment of construction costs. Transfers.

During the current year, merchandise is sold for $3,750,000. The cost of the merchandise sold is $2,550,000.a. What is the amount of the gross profit?b. Compute the gross profit percentage (gross profit divided by sales).c. Will the income statement necessarily report a net income? Explain.View Solution:
During the current year merchandise is sold for 3 750 000 The

Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $896,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $224,000 both before and after Miller’s acquisition.

On January 1, 2016, Taylor reported a book value of $406,000 (Common Stock = $203,000; Additional Paid-In Capital = $60,900; Retained Earnings = $142,100). Several of Taylor’s buildings that had a remaining life of 20 years were undervalued by a total of $54,200.

During the next three years, Taylor reports income and declares dividends as follows: Year Net Income Dividends 2016 $ 47,700 $ 6,900 2017 62,100 10,400 2018 69,300 13,900

Determine the appropriate answers for each of the following questions:

What amount of excess depreciation expense should be recognized in the consolidated financial statements for the initial years following this acquisition?

If a consolidated balance sheet is prepared as of January 1, 2016, what amount of goodwill should be recognized?

If a consolidation worksheet is prepared as of January 1, 2016, what Entry S and Entry A should be included?

On the separate financial records of the parent company, what amount of investment income would be reported for 2016 under each of the following accounting methods? The equity method. The partial equity method. The initial value method.

On the parent company’s separate financial records, what would be the December 31, 2018, balance for the Investment in Taylor Company account under each of the following accounting methods? The equity method. The partial equity method. The initial value method.

As of December 31, 2017, Miller’s Buildings account on its separate records has a balance of $556,000 and Taylor has a similar account with a $208,500 balance. What is the consolidated balance for the Buildings account?

What is the balance of consolidated goodwill as of December 31, 2018?

Assume that the parent company has been applying the equity method to this investment. On December 31, 2018, the separate financial statements for the two companies present the following information: Miller Company Taylor Company Common stock $ 347,500 $ 203,000 Additional paid-in capital 194,600 60,900 Retained earnings, 12/31/18 430,900 290,000

What will be the consolidated balance of each of these accounts?