ACC 515 Homework Assignment
You are engaged in the audit of the financial statements of Hartz Corporation for the year ended December 31, 2010.
The chief accountant of the client has prepared the accompanying analyses of the Property, Plant, and Equipment
Holly Manufacturing Case
Holly Manufacturing Company produces two cello models. One is a standard acoustic cello that sells for $600 and is constructed
from medium-grade materials. The other model is a custom-made amplified cello with pearl inlays and a b
extra questioftls -201
1. Indicate whether a debit or credit en~would).e made to record the following changes in each account.
a. To decrease Cash.
b. To increase Common Stock.
c. To decrease Accounts Payable.
d. To increase Salaries Expe
ACC-201 (Financial Accounting)
Working Papers Chapter 09
Note: Items below, highlighted in green do not have the answers provided on the answer sheet.
The items (in green below) carry more weight in the grading / scoring of the assignment.
Quality Control Homework Problems
(To use Excel versions of the data, you must click on the Excel File in Blackboard.
The files wont link from here through Blackboard automatically)
The Road King Tire Company in Birmingham wants to monitor the quality
Homework Assignment #3
Part 1: At December 31, 2012, Silver Traders Company had the following trial balance.
Silver Traders Company
Unadjusted Trial Balance
Allowance for Doubtful Accounts
Short Term Note Receivab
To complete the homework assignments in the templates provided:
1. The question is provided for each problem. You may need to refer to your textbook for additional
information in a few cases.
2. You will enter the required i
HOMEWORK ASSIGNMENT II
Sunshine Corp.s economists estimate that a good business environment and a bad business
environment are equally likely for the coming year. The managers of Sunshine must choose
Goodwill Impairment Loss
Grand Champion Inc. purchased Americas Sweethearts Corporation on January 1, 2016. At the time,
Americas Sweethearts had the following assets and liabilities (stated at fair value):
1. The accounting information system includes each of the steps of the accounting cycle, the
documents that provide evidence of transactions that have occurred, and the accounting
2. The benefits obtained from information
1. Suppose a stock had an initial price of $75 per share, paid a dividend of $1.20 per
share during the year, and had an ending share price of $86.
Compute the percentage total return.
2. In Problem 1, what was the dividend yie
The amount of income under absorption costing will equal the amount of income under
variable costing when units manufactured:
exceed units sold
are less than units sold
equal units sold
are equal to or greater than
CH5, Pages137-138, P5
vi y re
Expando, Inc., is considering the possibility of building an additional factory that would produce a new
addition to their product line. The company is currently
Instructions: Guidance Notes for the Assignment the coursework should be in essay format and must be
structured, with separate sections and, preferably, headings.
Your essay should be 1600 - 2000 of your own words, it should be word processed and you must
CHAPTER 11: CORPORATIONS ORGANIZATION,
STOCK TRANSACTIONS, DIVIDENDS, AND RETAINED
1. Identify the major characteristics of a corporation. The major characteristics of a
corporation are separate legal existence, limited liability of stockholders,
Instructor: Dr. Palkar
Late assignments will not be accepted so please plan accordingly. You need to show
your working notes for credit. You must submit your work using excel files (with
.xls or .xlsx for credit). You must upload your f
1) Asssume the following facts regarding this company:
Current sales: $420 million
Net Income: 38 million
Dividend Payout ratio: 40%
ROE: 14 %
Shares outsanding 10 million
What was this years dividend?
Assuming the company matains it payout rat
CHAPTER 10: LIABILITIES
1. Explain a current liability, and identify the major types of current liabilities. A
current liability is a debt that a company can reasonably expect to pay (1) from
existing current assets or through the creation of other curren
— as follow-
- eginrung in
Sales discounts amount to 51?,000.
20,000 shares of common stock were outstanding for the entire year.
Interest expense was $20,000.
The income tax rate is 30%.
Cost of goods sold amounts to $500,000.
Homework #3: Benefit Cost Analysis and Non-Market Valuation
Answer all questions on this sheet of paper and turn it in in-class on Thursday, October 8. Do NOT email
it to me or the TA. Make your answers clear, legible and to the point.
1. (15 poin
WEEK EIGHT HOMEWORK PROBLEMS
The problems below represent the textbook version of the assignment and may differ slightly from the Quizzes
version. However, these are more inclusive of the topics and solving them as presented here will give you the
Tempo Company's fixed budget for the first quarter of calendar year 2013 reveals the following
Costs of goods sold
Plant manager salary
Exercise 13-2 Accounting for par, stated, and no-par stock issuances LO P1
Rodriguez Corporation issues 7,000 shares of its common stock for $52,900 cash on February 20.
1 Assume the stock has a $2 par value. Prepare journal entries to record this event.
Duncan Keith Co. has a Zamboni (ice-resurfacer equipment) that cost $490,000 on
January 31st, 2009. Duncan Keith Co. has accumulated depreciation of $310,000 on
September 1st, 2014 for this Zamboni. The fair value of Keiths Zamboni is
$215,000 on Septembe
1 False, Financial Accounting emphasizes on providing information to managers, internal users as well as external users
3 False, preperation of budgets is a part of managerial accounting
4 False, managerial accounting applies to service, mercha
Due at the beginning of class, Tuesday, September 22
1. (4 points) For the following 2-player nonzero-sum game, simplify the game as much as
you can by eliminating dominated strategies.
U 1, 3 4, 5 9, 0
M 2, 7 2, 4 4,
Due in class Monday, March 23rd
ID # _
Instructions: Please Read Carefully
Please print out this form. There should be four separate sheets of paper (including the cover
sheet). After you have written your answers, pleas
to Prepare a stockholders' equity section at December 31, 201d.
Balance She-l. IIF'arlial]
Member 31. 101-1
Pal-ll'u to viral
Pneterreo Stool: 5 SEDlilGD
Common Stock iGD
Total Co- 'I S
Brief Exercise 2-3
Your answer is correct.
Transactions for the Kaustav Sen Company, Iwhich provides welding serving, for the rnunth of June are prenbet
June 1 Kauslew Sen il'lVEiS $4.000 lash in exd'iange fer Shara of ECIII'ITIJI'I Elan-ck in a swell wel
Brief Exercise 1-1
Your answer is EDITECL
Praented helm-J is the basic aux-unng equation.
Determine the missing amounts.
cfw_a spa-Mm ennui:
cfw_b E nan-m] mam:- puma
cfw_E $94-$14] 3 mogul $EUrDDU
Click if you would like to Show Work for this quun:
Exercises: Set B
E5-1B Mrs. Stephens has prepared the following list of statements about service companies and
Answer general questions on
1. Measuring net income for a merchandiser is conceptually different from measur
Chapter GlossaryAccounting- The information system that identifies records, and communicates the
economic events of an organization to interested users
Assets- Resources a business owns
Balance sheet- A financial statement that reports the asset