External link to Durham Company uses a job-costing system. The following transaction took place last year: Raw materials requisitioned for use in production, $40,000…

Durham Company uses a job-costing system. The following transaction took place last year: Raw materials requisitioned for use in production, $40,000…

Durham Company uses a job-costing system. The following transaction took place last year:a. Raw materials requisitioned for use in production, $40,000 (80% direct and 20% indirect).b. Factory utilities cost incurred, $14,600.c. Depreciation recorded on plant equipment, $28,000. Three -fourths of the depreciation relates to factory equipment, and the remainder relates to selling and administrative equipment.Costs for salaries and wages were incurred as follows:Direct Labor…………………. $40,000Indirect […]

External link to 11 Which of the following statements about inventory turnover is false?

11 Which of the following statements about inventory turnover is false?

11 Which of the following statements about inventory turnover is false? A. Inventory turnover is a gauge of the liquidity of a firm’s inventory. B. Inventory turnover is calculated with cost of goods sold in the numerator. C. Inventory turnover measures the efficiency of the firm in managing and selling inventory. D.A low inventory turnover is generally a sign of efficient inventory management. 12 What […]

External link to The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. Based on the following information,…

The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. Based on the following information,…

The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. Based on the following information, determine if the company should proceed or not. The required return is 2.5 percent per period.                                  Current Policy                               New Policy Price per unit                    $73                                           $75 Cost Per unit                     $38                                           $38 Unit sales per month       3,280                                         3,390 Show more

External link to Assume a discount rate of 6 percent is used, which of the three projects has the highest present value?

Assume a discount rate of 6 percent is used, which of the three projects has the highest present value?

Assume a discount rate of 6 percent is used, which of the three projects has the highest present value?In analyzing the first proposal, take the present value of the 20 year $300,000 annuity. Then take the present value of the deferred annuity of $500,000 that will run from the 21st through the 40th year. The answer you get for the second annuity will represent the […]

External link to XYZ enterprises is thinking of using ‘without recourse factoring’ in managing its trade receivables.

XYZ enterprises is thinking of using ‘without recourse factoring’ in managing its trade receivables.

XYZ enterprises is thinking of using ‘without recourse factoring’ in managing its trade receivables. Right now, its outstanding balance on trade receivables is $180,000 while revenue on the annual sales is $1,095,000. But it expects the amount of sales and trade receivables to go on for a year and that the use of the factoring will help cut the credit control expenses by $20,000 p.a. […]

External link to You can invest in a risk-free technology that requires an upfront payment of $ 1.07 million and will provide a perpetual annual cash flow of $ 84…

You can invest in a risk-free technology that requires an upfront payment of $ 1.07 million and will provide a perpetual annual cash flow of $ 84…

You can invest in a risk-free technology that requires an upfront payment of $ 1.07 million and will provide a perpetual annual cash flow of $ 84 comma 000 . Suppose all interest rates will be either 9.7 % or 5.2 % in one year and remain there forever. The risk-neutral probability that interest rates will drop to 5.2 % is 90 % . The […]

External link to Obras, Inc. | StudyDaddy.com

Obras, Inc. | StudyDaddy.com

Obras, Inc.Comparative Income StatementsFor the Years Ended December 31, 20×9 and 20x8Net salesCost of goods soldGross marginOperating expensesOperating incomeInterest expenseIncome before income taxesIncome taxes expenseNet incomeEarnings per share20x9$360,000224,000$136,00080,000$ 56,00014,000$ 42,00014,000$ 28,00020×8$290,000176,000$114,00060,000$ 54,00010,000$ 44,00016,000$ 28,0002.80 2.80Obras, Inc.Comparative Balance SheetsDecember 31, 20×9 and 20x8AssetsCurrent assetsProperty, plant, and equipment (net)Total assets20x9$ 48,000260,00020×8$ 40,000200,000$308,000 $240,000Liabilities and Stockholders’ EquityCurrent liabilities $ 36,000 $ 44,000Long-term liabilities 180,000 120,000Stockholders’ equity 92,000 76,000Total […]

External link to Suppose a farmer is expecting that her crop of grapefruit will be ready for harvest and sale as 150, 000 pounds of grapefruit juice in 3 months time….

Suppose a farmer is expecting that her crop of grapefruit will be ready for harvest and sale as 150, 000 pounds of grapefruit juice in 3 months time….

1. Suppose a farmer is expecting that her crop of grapefruit will be ready for harvest and sale as 150, 000 pounds of grapefruit juice in 3 months time. She would like to use futures to hedge her risk but unfortunately there are no futures contracts on grapefruit juice. Instead she will use orange juice futures. Suppose each orange juice futures contract is for 15, […]

External link to It is 1995 and Food For Less (FFL), a grocery store, is considering offering one hour photo developing in their store.

It is 1995 and Food For Less (FFL), a grocery store, is considering offering one hour photo developing in their store.

1.  It is 1995 and Food For Less (FFL), a grocery store, is considering offering one hour photo developing in their store. The firm expects that sales from the new one hour machine will be $150,000 per year. FFL currently offers overnight film processing with annual sales of $100,000. While many of the one hour photo sales will be to new customers, FFL estimates that 60% of their current […]

External link to Costs are recorded as financial entries in the accounting period to which they relate. An “accrual” is an accounting entry to record costs in a…

Costs are recorded as financial entries in the accounting period to which they relate. An “accrual” is an accounting entry to record costs in a…

Costs are recorded as financial entries in the accounting period to which they relate. An “accrual” is an accounting entry to record costs in a company’s books. For example, after services have been performed, an invoice may not arrive from the supplier in the correct period, as it may be delayed in the post, and therefore no physical payment will have been made; but – the costs […]

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