Problem 3 Malcom Co.'s forecast of sales is as follows: September $350,000; October $450,000; November $600,000; December $800,000. Sales are 45% cash and 55% credit in any month. Credit sales are collected in full in the following month. 1. Determine the budgeted cash receipts for each of October November and December? 2. Calculate the balance of Accounts Receivable on October 31 & November 30?
The following information applies to the questions displayed below) Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar.14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Totals Units Acquired at Cost Units Sold at Retail 245 units @ $11.80 $ 2,891 190 units @ $41.80 390 units @ $16.80 – 6,552 350 units @ $41.80 445 units @ $21.80 – 9,701 430 units @ $41.80 145 units @ $26.80 – 3,886 1,225 units 970 units Exercise 5-9A Periodic: Inventory costing system LO P3 Required: Hemming uses a periodic inventory system. a) Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c) Compute the gross margin for each method. a) Periodic FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost Goods wor units per unit Available for Sale # of units Cost per sold unit Cost of #of units in ending Goods Solda to Cost per unit Ending Inventory Beginning inventory Purchases: March 14 July 30 October 26 Total b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost Goods per unit Available for Sale Cost of # of units # of units Cost per sold unit in ending Goods Sold inuento Cost Ending per unit Inventory Beginning inventory Purchases: March 14 July 30 October 26 Total c) Gross Margin FIFO LIFO
A manufacturing company uses the FIFO method in its process costing system. In the Cutting Department in June, units were 25% complete with respect to conversion in the beginning work in process inventory and 30% complete with respect to conversion in the ending work in process inventory. Other data for the department for June follow:
units
Conversion costs
Beginning work in process inventory
20,000
50,000
Units started into production during the month
145,000
180,000
Units completed and transferred out
140,000
–
Ending inventory
25,000
–
Required: Calculate the cost per equivalent unit for conversion costs?
Problem 2-3A (Video) (Part Level Submission) Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory $3,900 Manufacturing Overhead Applied $35,600 Work in Process Inventory $5,975 Manufacturing Overhead Incurred $29,400 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $700 $900 $1,000 Direct labor 300 500 700 375 625 875 Manufacturing overhead $1,375 $2,025 $2,575 During June, raw materials purchased on account were $4,600, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Materials Requisition Slips Customer Time Job Tickets $700 Rodgers $900 Koss 1,800 700 500 400 Stevens Linton 1,300 1,300 300 400 Rodgers 4,600 3,700 1,500 1,200 General use $6,100 $4,900 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,500. Each customer paid in full. (1) Raw Materials Inventory 4,600 4,600 Accounts Payable (To record purchase of raw materials) 4,900 Factory Labor 4,900 Cash (To record factory labor costs paid) Manufacturing Overhead 1200 Accumulated Depreciation-Equipment 800 Accounts Payable 400 (To record manufacturing overhead costs incurred) (2) Work in Process Inventory 12,925 Manufacturing Overhead 4,600 Raw Materials Inventory (To record assignment of direct materials) Work in Process Inventory Manufacturing Overhead Factory Labor (To record assignment of factory labor) Work in Process Inventory Manufacturing Overhead (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold)
Book used: Small Places, Large Issues: An Introduction to Social and Cultural Anthropology 3rd edition by Eriksen, Thomas Hylland.
1.
What arenormsandsanctionsand how are they related? How do norms
and sanctions provide insight about different social systems and societies? In
your response please be sure to draw from andproperly
citespecific passages from
relevant readings, to include pertinent authors and debates, as well as your
experiences to support your answer.
2. Define and
compare/contrastsocial
structure,social
organization,social
systems, andsocial
networks. In your response please be sure to draw from andproperly citespecific passages from relevant
readings, to include pertinent authors and debates, as well as your experiences
to support your answer.
3. Consider the question ofkinshipanddescent.
The readings suggest that depending on the cultural context, kinship has very
specific definitions that are neither simply biological nor reducible to social
relatedness. What does this mean? Discuss this in terms of “exogamy”
and “endogamy” and in your response please be sure to draw
from andproperly citespecific passages from relevant
readings, to include pertinent authors and debates, as well as your experiences
to support your answer.
4. What does the phrase“decolonizing the
anthropological mind”mean?
In your answers be sure to draw from andproperly
citespecific passages from
relevant readings, to include pertinent authors and debates (e.g., Said’s
critique of “Orientalism,” Todorov’s critique of “primitive Otherness,” etc.),
as well as your experiences to support your answer.
5. What areAppadurai’s five dimensions in
global cultural flowand
what are some contemporary examples that might be described by this framework?
6. “Man is to woman
as culture is to nature.”Discuss
some of the reasonswhy
this statementis
considered to beproblematicby scholars. In your response please
be sure to draw from andproperly
citespecific passages from
relevant readings, to include pertinent authors and debates, as well as your
own experiences to support your answer.
Check my world Chapman Company obtains 100 percent of Abernethy Company's stock on January 1, 2017. As of that date, Abernethy has the following trial balance: 40 Debit Credit $ 50,000 points $ 40,000 50,000 120,000 60,000 250,000 eBook Accounts payable Accounts receivable Additional paid-in capital Buildings (net) (4-year remaining life) Cash and short-term investments Common stock Equipment (net) (5-year remaining life) Inventory Land Long-term liabilities (mature 12/31/20) Retained earnings, 1/1/17 Supplies Totals 200,000 90,000 80,000 150,000 100,000 Print 10,000 $600,000 6600,000 References During 2017, Abernethy reported net income of $80,000 while declaring and paying dividends of $10,000. During 2018, Abernethy reported net income of $110,000 while declaring and paying dividends of $30,000. Assume that Chapman Company acquired Abernethy's common stock for $500,000 in cash. Assume that the equipment and long-term liabilities had fair values of $220,000 and $120,000, respectively, on the acquisition date. Chapman uses the initial value method to account for its investment Prepare consolidation worksheet entries for December 31, 2017, and December 31, 2018 (If no entry is required for a transaction/event, select “No journal entry required in the first account field.) 1 Prepare entry S to eliminate stockholders' equity accounts of subsidiary. 2 Prepare entry A to recognize allocations determined above in connection with acquisition-date fair values. 3 Prepare entry I to eliminate intra-entity dividend declarations recorded by parent as income. 4 Prepare entry E to recognize 2017 amortization expense. 5 Prepare entry *C to convert parent company figures to equity method by recognizing subsidiary's increase in book value for prior year [$80,000 net income less ennnn .. .LLLLLLL 5 Prepare entry *C to convert parent company figures to equity method by recognizing subsidiary's increase in book value for prior year ($80,000 net income less $10,000 dividend declaration) and excess amortizations for that period ($11,500]. Prepare entry S to eliminate beginning of year stockholders' equity accounts of subsidiary. The retained earnings balance has been adjusted for 2017 net income and dividends. 7 Prepare entry A to recognize allocations relating to investment-balances shown here are as of the beginning of the current year (original allocation less excess amortizations for the prior period). 7 Prepare entry A to recognize allocations relating to investment-balances shown here are as of the beginning of the current year (original allocation less excess amortizations for the prior period). 8 Prepare entry I to eliminate intra-entity dividend declarations recorded by parent as income. 9 Prepare entry E to recognize 2018 amortization expense.
For this assignment, you will write a 2-3 page (not including Works Cited) analytical paper on any one of the two primary texts assigned for the course so far (Ethan Frome and Winesburg, Ohio). The focus should be primarily on investigating an aspect of the text that interests you (a character’s behavior, a moment of plot development, a recurring theme or motif, etc.) and explaining how that aspect of the text relates to, illustrates, or is defined by your concept of “rural.” (For example, Ethan Frome seems particularly interested in how the town behaves toward Ethan and how his awareness of the town affects his choices and behavior. What might these observations say about rural attitudes toward community and propriety?) At its core, this assignment is based on close reading, and should offer clear support from you chosen text as well as thoughtful consideration/explanation of that support. You should be trying to say something original and interesting, based on your reading of the text.
The paper should adhere to MLA format guidelines, a
The essay will be evaluated on the following criteria: effective presentation of thesis, selection of supporting passages/details, arrangement of information, writing style, and technical matters.
Comparing a manufacturer to a merchandiser, what replaces “net purchases” in the cost of goods formula? a.
Work in process b.
Cost of goods manufactured c.
Direct materials used d.
Finished goods
Brand Positioning and Strategy PowerPoint
For this presentation, select your favorite brand, and describe the reasons why this brand is so appealing to you. You should further explain the ideas represented on the slides by using the slide notes feature. The outline below can be used as a guide for the presentation, and the number of slides for each area may vary in your presentation:
“Welcome Aboard!”
You have just landed a job as a financial analyst at IPS, a company that manufactures drives, processors, and other vital components for computer systems. On your first day, the CFO greets you: “Welcome! We are so glad to have you on board. Management has been anxious to set some new strategic goals, but the board recognizes that, at the moment, we just don’t have the information to proceed.”
She continues: “As you know, IPS’ premiere product is the MiniZ and we would like to grow our share of the market. We think we can do that by diversifying our product line. The board is expecting recommendations at an early date.”
You know that the task before you requires an understanding of the industry, fixed and variable costs, optimal level of production, and profit. Timely and accurate financial statements will be essential.
You decide that your first step should be to schedule a meeting with the company controller and his staff. In the meantime, you spend a few hours online searching for information about your new employer. You come across a couple of items that spark your interest: one about a client that went bankrupt, and another about the sale of a factory and its equipment. You also learn that there are only a few major players in the digital components industry.
When you meet with the controller, you ask about the online news stories. The controller admits that they are understaffed and haven’t gotten around to updating the financial statements to show the impact of the client’s bankruptcy and the sale of the factory.
He says, “The CFO will provide the demand figures for the MiniZ, and also the production specs.” He gives you access to the firm’s technical database. You leave his office thinking that you finally have all the information you need to do your job, but the CFO has requested one last piece of the puzzle: insight into the financial viability of two other companies in your industry. You agree and get to work immediately!
This project will require you to determine the structure of the industry of your firm, and its impact on production quantities and prices. You will prepare and analyze the financial statements of your firm to evaluate its financial health and its future prospects.
Begin with “Step 1: Analyze Industry Structure, Costs, Prices, and Optimal Production Levels.”
Question 1: Your first task is to determine whether your firm is in a competitive industry.
Based on the following demand function for the firm’s product, what would you answer?
Q = 50,000 – 25*P
Q is the amount produced and P is the price.
Now that you have examined whether your firm is in a competitive industry, let’s take a look at some questions related to price, cost, and profit analysis.
Question 2: At the profit-maximizing level, what is the relationship between marginal cost, marginal revenue, price, and average cost for firms in competitive and oligopolistic industries?
The CFO has provided the following information to you:
She wants you to analyze the fixed and variable costs, optimal level of production, and profit for the MiniZ component.
Question 3: Find Q, P, average cost, and profit for the MiniZ at the profit-maximizing level. (Again, the demand function for the MiniZ is: Q = 50,000 – 25*P.)
Be sure to show your calculations in Excel and provide a narrative with each calculation about how you arrived at this answer and how these calculations make the company competitive or not competitive.
Academicpapers.net is a pioneering academic writing service with a customer base comprising of thousands of students. We have hundreds of expert writers aboard working in collaboration with a diligent quality assurance team.
Phone: +1 (940) 905 5542