SEC 10-K Presentation: Nike Inc.
Stephen M. Young
Statement of Cash flows
October 16, 2016
in Bentonville, Arkansas,
founded by Sam Walton in 1962
a chain of discount department
stores, grocery stores, and hypermarkets
Welcome to Quiz 3
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Once you open up the exam found in the assignment section under quiz 3,
You will have 2.5 hours to complete the quiz, closed book
Mel Cheek is a fishing guide on the Chenega River. The fish are usually found 20 to 50
miles upriver. Once the fish are located, Mel slows the boat to trolling speed and fishes for
about 6 hours before returning to dock. Mel has noted that overall
Zeus Corporation produces cultured diamonds via a secretive process that grows the
diamonds in a vacuum chamber filled with a carbon gas cloud. The diamonds are
produced in a single continuous process, and Zeus uses the weighted-average process
Horton Micro Chip Company issued $100,000 of face amount of 6-year bonds on January
1, 20X1. The bonds were issed at 103, and bear interest at a stated rate of 8% per
annum, payable semiannually. The premium is amortized by the straight-line metho
Greg Morrison recently graduated from mortuary school. He is considering opening his
own funeral home. A funeral home is a high-fixed cost business, as it requires
considerable expenditures for facilities, labor, and equipment, no matter how many
Devol Computing invested in $100,000 of face amount of 6-year bonds issued by
Horton Micro Chip Company on January 1, 20X1. The bonds were purchased at 103,
and bear interest at a stated rate of 8% per annum, payable semiannually.
Beckwith Boots invested $100,000 in 5-year bonds issued by Ace Brick Company. The
bonds were purchased at par on January 1, 20X1, and bear interest at a rate of 8% per
annum, payable semiannually.
Prepare the journal entry to record the initia
On January 1, 20X1, Pagoda Pond Construction acquired a small excavator for $85,000.
This device had a 4-year service life to Pagoda, at which time it is expected that the
equipment will be sold for a $10,000 salvage value.
Pagoda uses the double-
Ekpro Products manufactures containment chambers for environmentally friendly
incinerators. Each chamber is built to customer specifications. Most of the direct labor
time is spent on welding activities. Following is the job cost sheet for an inci
Cool Sun produces awnings and screens. Prepare journal entries to reflect the following
transactions. After you complete the entries, determine the amount to include in raw
materials, work in process, and finished goods.
Aug. 4, 20X5
Standard Atlantic Shipping issued $5,000,000, face amount, of 7% bonds on January
1, 20X3. The bonds are 5-year bonds, and Interest is payable every 6 months. At
the time of issue, the market rate of interest was only 6%, so the bonds were issued
On January 1, 20X3, Perkins Printing Corporation purchased a digital press for
$1,450,000. It cost an additional $50,000 to deliver, install, and calibrate the press.
This machine has a service life of 5 years, at which time it is expected that th
Erik Food Supply Company issued $100,000 of face amount of 4-year bonds on January
1, 20X1. The bonds were issued at 98, and bear interest at a stated rate of 8% per
annum, payable semiannually. The discount is amortized by the straight-line metho
Davis Steel Company acquired 30% of the stock of Reginald Metals Company. Davis
acquired this investment for purposes of being able to exert significant influence over the
strategic plans and operations of Reginald. Following are events pertaining
The Walt Disney Company SEC 10-K
Presented by: Me
July 27, 2016
October 16, 1923, is a date that shall never be forgotten, for its a historical date
that enabled an unforeseen future where all human beings could have fun and
ACCT 301 6380
October 9, 2016
SEC 10-K - Walmart
Walmart is one of the largest chains of discount department and grocery stores in the U.S.
The company is headquartered in Bentonville, Arkansas and founded by Sam Walton in 1962.
Ashley Corporation provided the following list of cost data related to its manufacturing
operations for the month of September 20X4.
Beginning raw materials inventory
Raw materials purchased (net)
Ending raw materials inventory
Logan Township acquired its water system from a private company on June 1. No
receivables were acquired with the purchase. Therefore, total accounts receivable on
June 1 had a zero balance.
Logan plans to bill customers in the month following the
variable cost per unit=
variable cost per unit=
Total variable cost at 3500 unit=
Total variable cost at 1100 unit=
Therefore, fixed cost=
Break even unit=
Break even unit=
Contribution per unit=selling price p.u-variable cost p.u
Take highest month and the lowest month
That is January and march
Variable cost per unit=(3000-2625)/(460-1
Quiz Make Up Quiz 2
B. Collection from Cash Sales 40%
C. Credit Sales
D. Collection from Accounts Receivable
1/3 in the month of sales
2/3 in following month
Information for three different companies follows.
Each company applies factory
overhead at the rate of 40% of direct labor cost. In each scenario, the following entry
was made to record the actual overhead costs:
Petersen Stores invested in $100,000 of face amount of 4-year bonds issued by Erik
Food Supply Company on January 1, 20X1. The bonds were purchased at 98, and bear
interest at a stated rate of 8% per annum, payable semiannually.
Prepare the jo
Howorth Dental Products is a London-based producer of a patented anti-microbial
dental floss. All raw material is introduced at the beginning of the production process,
but considerable processing time is needed to create the anti-microbial qualit
Kenya Corporation had an equity structure that consisted of $1 par value common stock,
$3,500,000; paid-in capital in excess of par, $17,500,000; and retained earnings,
Believing that its share price was depressed due to
Krull Corporation presented the following selected information.
calendar year end.
The company has a
Before considering the effects of dividends, if any, Krull's net income for 20X7 was
Before considering the effects of dividends, if a
Ace Brick company issued $100,000 of 5-year bonds. The bonds were issued at par on
January 1, 20X1, and bear interest at a rate of 8% per annum, payable semiannually.
Prepare the journal entry to record the bond issue on January, 20X1.
ACCT 301 Week 6 HW
Costs for 500 tables
Indirect labor incurred during the
Raw materials transferred into
Cost of glues and screws
Direct labor incurred during the
General, and administ