Austin, a single individual with a salary of $100,000, incurred and paid the following expenses during the year: Medical expenses $5,000Alimony 24,000Charitable contributions 2,000Casualty loss on business property 8,000Casualty loss on rental property 5,000Personal casualty gains 3,000Personal casualty losses (after…
Beaulieau Inc uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $120,000 for the year; direct labor was estimated to total $150,000. a. Calculate the…
You purchase CSH stock for $40 and it is now selling for $50. The company has announced that it plans a $10 special dividend. Assuming 2008 tax rates, if you sell the stock or wait and receive the dividend, will…
The Milling Department uses standard machine hours to allocate overhead to products. Budgeted volume for the year was 36,000 machine hours. A flexible budget is used to set the overhead rate. Fixed overhead is budgeted to be $720,000 and variable…
On October 1, 2015, Oberley Corporation loans one of its employees $39,000 and accepts a 12-month, 8% note receivable. Calculate the amount of interest revenue Oberley will recognize in 2015 and 2016.
Question about arc elasticity of demand 1. Use any figures for prices and quantities to calculate and analyze the arc elasticity of demand relative to price for a product, and extend the analysis to showi ts implications on a product…
You will assume the role of a financial analyst and create a full analysis between Coca-Cola and PepsiCo. Please explain all calculations and ensure that you answer each and every question thoroughly. You will need to locate Coca-Cola and PepsiCo,…
Production. Helen makes pies using equipment that she rents for $50 and pecans and other ingredients that cost $4.66 a pie. She hires workers and finds that they produce pies according to the following schedule: Pies Workers1 0.252 0.583 1.024…
Helen makes pies using equipment that she rents for $50 and pecans and other ingredients that cost $4.66 a pie. She hires workers and finds that they produce pies according to the following schedule: Pies Workers1 0.252 0.583 1.024 1.615…
A new hotel is preparing an annual budget. It has made estimates concerning the following data. Calculate the budgeted sales for this hotel’s first year of operations. Available rooms 200 Forecasted occupancy percentage 67% Average room rate $180 Days open…
