login   register  
MuhammadYousaf
 All content search
 MuhammadYousaf recent tutorials  

previous | next

 MuhammadYousaf
posted
Feb 8 2014 
Problem 1-11A: Determining expenses, liabilities, equity and return on assets L.O A1, A3 Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000.
Problem 1-11A: Determining expenses, liabilities, equity and return on assets L.O A1, A3   Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000. In its most recent year, Kyzera reported net income of $65,000 on revenues of $475,000.   Requirement 1: What is Kyzera's return on assets? (Omit the "%" sign in your response.) Requirement 2: Does return on assets seem satisfactory for Kyzera given that its competitors average a 12% return on assets? Requirement 3: What are total expenses for Kyzera in its most recent year? (Omit the "$" sign in your response.) Requirement 4: What is the average total amount of liabilities plus equity for Kyzera? (Omit the "$" sign in your response.)  
at are total expenses for Kyzera in its most recent year? (Omit the "$" sign in your response.) Requirement 4: What is the average total amount of ...(49 more words & 1 attachments).
 Problem_1-11A_Determining_expenses,_liabilities,_equity_and_return_on_assets_L.O_A1_A3.docx (17KB)  
view
 MuhammadYousaf
posted
Feb 8 2014 
Problem 1-7A: Analyzing transactions and preparing financial statements L.O C5, A2, P1 Holden Graham started The Graham Co., a new business that began operations on May 1. Graham Co. completed the fo
Problem 1-7A: Analyzing transactions and preparing financial statements L.O C5, A2, P1   Holden Graham started The Graham Co., a new business that began operations on May 1. Graham Co. completed the following transactions during that first month:   May 1 H. Graham, the owner, invested $40,000 cash in the business. 1 Rented a furnished office and paid $2,200 cash for May's rent. 3 Purchased $1,890 of office equipment on credit. 5 Paid $750 cash for this month’s cleaning services. 8 Provided consulting services for a client and immediately collected $5,400 cash. 12 Provided $2,500 of consulting services for a client on credit. 15 Paid $750 cash for an assistant’s salary for the f
eas...(1 more words & 1 attachments).
 Problem_1-7A_Analyzing_transactions_and_preparing_financial_statements_L.O_C5_A2_P1.docx (25KB)  
view
 MuhammadYousaf
posted
Feb 8 2014 
Problem 1-1A: Computing missing information using accounting knowledge L.O A1, A2 The following financial statement information is from five separate companies: Company A Company B Company C Compa
Problem 1-1A: Computing missing information using accounting knowledge L.O A1, A2   The following financial statement information is from five separate companies:     Company A Company B Company C Company D Company E December 31, 2006               Assets $55,000 $34,000

loa...(1 more words & 1 attachments).
 Problem_1-1A_Computing_missing_information_using_accounting_knowledge_L.O_A1_A2.docx (15KB)  
view
 MuhammadYousaf
posted
Feb 8 2014 
Stewart company’s records revealed the following information:
Stewart company’s records revealed the following information:
...(3898 more words & 0 attachments).
view
 MuhammadYousaf
posted
Feb 7 2014 
Norris Company produced 500 units that require six standard pounds per unit at $1.25 standard price per pound. The company actually used 2,900 pounds in production. Journalize the entry to record the
Norris Company produced 500 units that require six standard pounds per unit at $1.25 standard price per pound. The company actually used 2,900 pounds in production. Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank.                                         
d price per pound. The company actually used 2,900 pounds in ...(1706 more words & 0 attachments).
view
 MuhammadYousaf
posted
Feb 7 2014 
Norris Company produced 500 units of product that required 3.5 standard hours per unit. The standard fixed overhead cost per unit is $0.30 per hour at 1,800 hours, which is 100% of normal capacity. D
Norris Company produced 500 units of product that required 3.5 standard hours per unit. The standard fixed overhead cost per unit is $0.30 per hour at 1,800 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Use the minus sign to enter favorable variances as negative numbers.                                       
dard hours per unit. The standard fixed overhead cost per unit i...(1298 more words & 0 attachments).
view
 MuhammadYousaf
posted
Feb 7 2014 
Norris Company produced 500 units of product that required 3.5 standard hours per unit. The standard variable overhead cost per unit is $0.70 per hour. The actual variable factory overhead was $1,200
Norris Company produced 500 units of product that required 3.5 standard hours per unit. The standard variable overhead cost per unit is $0.70 per hour. The actual variable factory overhead was $1,200. Determine the variable factory overhead controllable variance. Use the minus sign to enter favorable variances as negative numbers.                                        
favorable variances as negative numbers.Norris Company produced 5...(1299 more words & 0 attachments).
view
 MuhammadYousaf
posted
Feb 7 2014 
Norris Company produces a product that requires 3.5 standard hours per unit at a standard hourly rate of $12 per hour. If 500 units required 1,500 hours at an hourly rate of $11.50 per hour, what is
Norris Company produces a product that requires 3.5 standard hours per unit at a standard hourly rate of $12 per hour. If 500 units required 1,500 hours at an hourly rate of $11.50 per hour, what is the (a) direct labor rate variance, (b) direct labor time variance, and (c) cost variance? Use the minus sign to enter favorable variances as negative numbers.
r unit at a standard hourly rate of $12 per hour. If 500 units required...(1747 more words & 0 attachments).
view
 MuhammadYousaf
posted
Feb 7 2014 
Norris Company produces a product that requires six standard pounds per unit. The standard price is $1.25 per pound. If 500 units required 2,900 pounds, which were purchased at $1.30 per pound, what
Norris Company produces a product that requires six standard pounds per unit. The standard price is $1.25 per pound. If 500 units required 2,900 pounds, which were purchased at $1.30 per pound, what is the (a) direct materials price variance, (b) direct materials quantity variance, and (c) cost variance? Use the minus sign to enter favorable variances as negative numbers. a. Direct materials price variance:     b. Direct materials quantity variance:     c. Direct materials cost variance:                                             
er favorable variances as negative numbers. a. Direct materials price variance: b. Direct mat...(1777 more words & 0 attachments).
view
 MuhammadYousaf
posted
Feb 7 2014 
Soft Glow Candle Co. pays 20% of its purchases on account in the month of the purchase and 80% in the month following the purchase. If purchases are budgeted to be $15,000 for October and $17,000 for
Soft Glow Candle Co. pays 20% of its purchases on account in the month of the purchase and 80% in the month following the purchase. If purchases are budgeted to be $15,000 for October and $17,000 for November, what are the budgeted cash payments for purchases on account for November?
to be $15,000 for October and $17,000 for November, what...(1259 more words & 0 attachments).
view

previous | next




getmeaplus.com
About Us |  FAQs |  Contact Us |  Privacy Policy |  Our Fees