HOMEWORK 1 (Total Possible Points: 100)
You MUST show your work!
Problem 1: CVP analysis (30 points total)
The owners of LAs Gym currently are working on their operating plan for the coming year, and
they have provided you with the following average membe
Ch6 #3
CHAPTER 6 - PART 2
EXERCISE 1 - Esquire Company needs to acquire a molding machine to be used in its manufacturing
process. Two types of machines that would be appropriate are presently on the market. The company
has determined the following:
1.Mac
4210, Class Exercises 1
1) The following information pertains to the Prado Corporation for the last year:
Supervisory and indirect labor
Supplies and indirect materials
Work-in-process inventory, January 1
Work-in-process inventory, December 31
Administra
HOMEWORK 3 (Total Possible Points: 100)
You MUST show your work!
Problem 1: Special Order (10 points)
Garys Company produces high quality shirts. Shirts must be well made because of frequent
washings. Currently, Gary sells 10,000 shirts at $60 each with t
4210, Class Exercises 1 Solution
1) The following information pertains to the Prado Corporation for the last year:
Supervisory and indirect labor
Supplies and indirect materials
Work-in-process inventory, January 1
Work-in-process inventory, December 31
A
Ch6 #3
CHAPTER 6 - PART 2
EXERCISE 1 - Esquire Company needs to acquire a molding machine to be used in its manufacturing
process. Two types of machines that would be appropriate are presently on the market. The company
has determined the following:
1.Mac
4210, Class Exercises 2
The following information pertains to the first two questions
Custom Metal Works produces castings and other metal parts to customer specifications. The
company uses a job-order costing system and applies overhead costs to jobs on
Practice Questions Final Exam
Acct. 4210
Chapters 16 and 17
Chapter 16
1. Determining the reasons for variances is an important part of the overall process of
variance analysis. Certain causes are commonly attributed to specific variances. Match
each reas
Fall 2015 ACCT 4111
Chapter #1
Environmental and theoretical
structure of financial accounting
Part 1
Learning objectives
By the end of this part you should be able to answer these
questions
What is financial accounting for?
What is the difference betwe
Ch.5 #1
CHAPTER 5 - PART 1 & 2
EXERCISE 1. On 12/31/15 your company sells a product for $14,000. Included in the package is the
subscription to the golden customer support service for 3 years: this special service can be purchased
separately for $4,500. T
Ch.4 #2
CHAPTER 4 - PART 1 & 2
QUESTION 1. What are three major methods used to manipulate earnings? Why would managers
want to manipulate earnings?
Two common methods of earnings manipulation are:
income shifting, whereby the recognition of income relate
Ch.4 #4
CHAPTER 4 - PART 1, 2 and 3
EXERCISE 1 A. The following income statement items appeared on the adjusted trial balance of a
company for 2014 and 2013 :
2014
Sales
Cost of Goods Sold
Administrative & selling expenses
Depreciation expenses
Interest r
Ch6 #4
CHAPTER 6 - PART 1
EXERCISE 1. On 6/1/2009, you invested $1,500 in a portfolio that promised an expected annual return of
5%. On 6/1/2014, you check the value of your investment and it is $1,739. Has the investment lived up
to your expectations? Wh
Fall 2015 ACCT 4111
Chapter #1
Environmental and theoretical
structure of financial accounting
Part 2
Where were we?
What did we learn last time?
2)
FIN.
ACC.
USEFULNESS
1)
USEFUL
INFO
ADJUSTMENTS
NET
INCOME
Concepts
3)
&
Principles
External
parties take
Ch.3 #1
CHAPTER 3
EXERCISE 1. On 12/31/2014, end of the fiscal year, a company owns treasury bills worth $12,000 which
were purchased on 10/1/14. The company could sell these assets before maturity, which will occur on
2/1/15, but does not plan to do so.
Ch.4 #4
CHAPTER 4 - PART 1, 2 and 3
EXERCISE 1 A. The following income statement items appeared on the adjusted trial balance of a
company for 2014 and 2013 :
2014
Sales
Cost of Goods Sold
Administrative & selling expenses
Depreciation expenses
Interest r
Fall 2015 ACCT 4111
Chapter #1
Environmental and theoretical
structure of financial accounting
Part 1
Learning objectives
By the end of this part you should be able to answer these
questions
What is financial accounting for?
What is the difference betwe
Ch6 #1
CHAPTER 6 - PART 1
EXERCISE 1 - You invest $5,000 in the stock market. After 4 years, the value of your investment has risen
to $6,800. What is, approximately, the annual rate of return?
IF ( 4 , ? ) =
=
FV
/
$ 6,800 /
PV
$ 5,000 = 1.36
INTEREST =
Ch6 #1
CHAPTER 6 - PART 1
EXERCISE 1 - You invest $5,000 in the stock market. After 4 years, the value of your investment has risen
to $6,800. What is, approximately, the annual rate of return?
EXERCISE 2 - You are planning to buy a car that costs $25,000
Ch6 #2
CHAPTER 6 - PART 1
EXERCISE 1 - A distant relative leaves you $6,000 in his will. If you invest it today in the stock market and
choose an aggressive portfolio that promises to earn 15% compounded annually, how much money can
you expect to have acc
Ch.5 #3
CHAPTER 5
EXERCISE 1. In 2015, the GreatBuilder Company entered into a contract to construct a commercial
building for $17,000,000. The project is completed in 2017. Information related to the contract is as
follows:
Billings during year
Cash coll
Ch6 #2
CHAPTER 6 - PART 1
EXERCISE 1 - A distant relative leaves you $6,000 in his will. If you invest it today in the stock market and
choose an aggressive portfolio that promises to earn 15% compounded annually, how much money can
you expect to have acc
Ch.5 #2
CHAPTER 5
EXERCISE 1. On 12/31/15 Jeff Co. entered a franchise contract with Starbucks. The continuing fee will be
$20,000 per year, to be paid starting 12/31/16. The initial fee is $100,000, paid immediately, which
covers:
The license to operate
Ch6 #4
CHAPTER 6 - PART 1
EXERCISE 1. On 6/1/2009, you invested $1,500 in a portfolio that promised an expected annual return of
5%. On 6/1/2014, you check the value of your investment and it is $1,739. Has the investment lived up
to your expectations? Wh
Ch6 #5
CHAPTER 6 - PART 1
EXERCISE 1. You invest $4,500 in the stock market. 10 years later, you liquidate the investment for
$8,855. What is the annual return that you have earned (compounded annually)?
IF ( 10 , ? ) = FV
/ PV
= $ 8,855 / $ 4,500 = 1.967
Ch6 #5
CHAPTER 6 - PART 1
EXERCISE 1. You invest $4,500 in the stock market. 10 years later, you liquidate the investment for
$8,855. What is the annual return that you have earned (compounded annually)?
CHAPTER 6 - PART 2
EXERCISE 2. You are planning to
Analysis of Financial Projections - With Given Case Data
20
Revenue:
2-3 year olds ($17 per day x 250/12 x 80%)
4-5 year olds ($16 per day x 250/12 x 80%)
5 year olds ($7 per day x 250/12 x 80%)
Total revenue
Variable costs:
8102 Educational supplies ($3
Acct4210
QUIZ#3(8,9,10)
DR.BERRY
1.Thejournalentrytorecordtheallocationofconversioncoststobatchesbeingworkedoninan
operationis:
A.
B.
C.
ConversionCosts
Variousaccounts
WorkInProcess,Operation1
MaterialsInventoryControl
WorkInProcess,Operation1
XXX
XXX
XX