| | newsprint production. | | Instructor Explanation: | Chapter 4 | | | | Points Received: | 5 of 5 | | Comments: | | | | 3. | Question : | (TCO F) Assume there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to conversion costs. Under the weighted-average method, the number of equivalent units of production with respect to conversion costs would be: | | | Student Answer: | | the same as the units
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The Morgan Bistro - Ratio Analysis Memo Jennifer Allara, Vanessa Ford, Karla Morales, & Kimberly Richardson ACC/291 October 15, 2012 Emily Baculik | |XYZ Accounting, LLC | Memo To: CEO, Baderman Resort From: Allara, Ford, Morales, & Richardson CC: Boardman Management Group Date: 10/13/2012 Re: The Morgan Bistro – Financial Ratio Analysis
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going. 1) Shortage of Cash: Despite good profits, Mr. Butler had experienced a shortage of cash from 1988 to 1990. During this period of time, there was a decrease in cash reserves, as well as in inventory turnover, indicating that Mr. Butler’s money had been tied up in his inventory. This can be resolved by working on his receivables turnover ratio, which decreased from 1988 to 1990, as seen in Appendix A. 2) Debt Consolidation: In late 1988, Mr. Butler took a loan of $70,000 that
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Peer Benchmark Report Boeing Co, February 13, 2012 Boeing Co Financial health declining, but still very strong Financial Period: Dec 31, 2011, (fiscal YE 2011) FHR: 82 Risk Level: Low Risk Annual Delta: -1 rating points Quarterly Delta: Flat Ticker: BA Table 1: Financial Health Rating (FHR) Financial Period End Financial Health Rating Annual Delta Publication Date: February 13, 2012 Sector: Aerospace and Defense (61 firms) History 2008 12/31/08 69 -14 2009 12/31/09 66 -3 2010 12/31/10 83
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resourcesResources: Ch. 1 of Managerial Accounting: Tools for Business Decision Making Prepare a no more than 150-word written response to the following exercise: Exercise 17 (E1-17) at the end of Ch. 1 There is no word count requirement for the calculation part of this exercise. E1-17 Runcke Motor Company manufactures automobiles. During September 2011 the company purchased 5,000 head lamps at a cost of $9 per lamp. Runcke withdrew 4,650 lamps from the warehouse during the month. Fifty
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gov/nles/other/2010/33-9109.pdf). The SEC plans to revisit the issue this year. The general consensus suggests, however, that under IFRS, the last-in, first-out (LIFO) inventory valuation method will no longer be permitted for financial or tax reporting. The adoption of IFRS is a contentious issue for companies currently using LIFO as an inventory valuation method. In order to claim the tax benefits of LIFO, companies must also present financial statements using the same method, as required by the conformity
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case “Reebok NFL Replica Jerseys” in order to determine an appropriate inventory planning approach to overcome the challenges faced by Reebok. In connection to this the problem statement is as follows The report will be initiated with a short description of the issues in the case as well as how the company copes with some of these issues using the concept of risk pooling. Furthermore, there will be an analysis of which inventory planning approach should be used to overcome these issues and what other
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we will watch the sales reports and inventory levels closely. When our resources are low we will replenish our inventories to reach capacity levels so that we do not lose money on interest charges that are related to inventory costs. We will use a just-in-time approach to purchasing and production. Also in this quarter we will consider changing the prices of our products, depending on our market data. Our goal in this simulation will be to maintain low inventory costs, and increase sales of our products
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revenues in the appropriate period, financial statements are prepared, and closing entries are recorded. Raw material purchases are recorded in the raw material inventory account if the perpetual inventory method is used, or the raw materials purchases account if the periodic inventory method is used. For example, using the periodic inventory method, the purchase of $750 of raw materials on account is recorded as an increase (debit) to raw materials purchases and an increase (credit) to accounts payable
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Taxes Payable - - + $ Selling & Admin Expense + $ 9,000 $ $ 9,000 58,000 $ 9,000 $ 67,000 - 522,000 Depreciation Expense Finished Goods Inventory + + - $ 257,040 $ 1,806,624 $ 1,901,952 Retained Earnings $ 2,158,992 $ 1,806,624 $ Work in Process Inventory + + 36,000 $ $ 829,560 68,576 $ 36,000 $ Capital Stock $ 1,901,952 $ 898,136 - $ 172,200 $ 811,000 $ 1,129,200 352,368 - + $ $ 2,112
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