Lang Products had the following beginning and ending inventory balance for April 2009.4/1/09 4/30/09Raw Material Inventory $18,000 $20,800Work in Process Inventory 85,200 50,800Finished Goods Inventory 43,200 14,700All raw materials are considered direct to the manufacturing process. During April, the company…
Oakley Co. produces pipes.Oakley Co. operating results include:Controllable margin, $150,000Sales revenue, $1,200,000Operating assets, $500,000 Oakley Co. is thinking of project with sales of $120,000, expenses of $84,000, and investment of $180,000. Oakley Co. required rate of return is 15%. Should…
Lang Products had the following beginning and ending inventory balance for April 2009.4/1/09 4/30/09Raw Material Inventory $18,000 $20,800Work in Process Inventory 85,200 50,800Finished Goods Inventory 43,200 14,700All raw materials are considered direct to the manufacturing process. During April, the company…
1) Springer Products wishes to borrow $80,000 from a local bank using its accounts receivable to secure the loan. The banks policy is to accept as collateral any accounts that are normally paid within 30 days of the end of…
Sandrino company produced 70,000 units last year. The company sold 67,600 units and there was no beginning inventory. The company chose practical activity at 70,000 units to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct material$612,500.00 Direct…
A construction project was 40% complete at month five. Actual cost so far was $100,000; schedule variance was $20,000 and spending variance was $-15,000. Calculate the earned value completed and total planned cost for project at completion.
Sam purchased a five-year Treasury note with a $1,000 face value and a 7.5% coupon rate. Using the Excel spreadsheet, calculate the coupon payment Sam receives if he purchases a five-year Treasury note. To do this, first enter the appropriate…
Clanton, Inc has 12,000 shares of common stock outstanding at December 31, 2012. The company sold 6,000 shares of common stock on November 1, 2012 and declared and paid a dividend of $15,000. The beginning Retained Earnings was $115,000. Net…
Lorena likes to play golf. The number of times per year that she plays depends on both the price of playing a round of golf as well as Lorena’s income and the cost of other types of entertainment-in particular, how…
1. The difference between the rate of return on assets and the cost of borrowing is:(A) financial leverage(B) spread(c) debt service(D) none of the above 2 When the rate of return on assets exceeds the cost of borrowing, it represents:(A)…
