Buy ACCT 221 On January 1- issued $10,000 of 6%, 5-year bonds at 102 at the best price of 9.99

Buy ACCT 221 On January 1- issued $10,000 of 6%, 5-year bonds at 102 at the best price of 9.99

On January 1: issued $10,000 of 6%, 5-year bonds at 102. Straight-line amortization method is used. IntereIt is payable semi-annual on July 1 and Jan1. On July 1: issued $500,000 of 10%, 10-year bonds at 88.5. Straight-line amortization method is used. Interest is payable semi-annual on July 1 and Jan1. On July 1: issued $10,000 of 8%, 10-year bonds for $10,853 cash. Straight-line amortization method is used. IntereIt is payable semi-annual on July 1 and Jan1.

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Buy ACCT 221 ACCT/221 ACCT221 Quiz 3 Answers at the best price of 15

Buy ACCT 221 ACCT/221 ACCT221 Quiz 3 Answers at the best price of 15



Problem 1 (20 points)
X-Ray Manufacturing has the following revenues and costs:




SalesFixed overheadDirect laborDirect materialsSelling expensesAdministrative expenses Variable overhead Interest expense Income tax


$4,340,000$1,020,000$458,000$620,000$365,000$489,000 $224,000 $118,000 $366,000




Prepare a contribution margin income statement with both dollars and percentages of sales displayed.



Problem 2 (20 points)
Presented below are selected budget data items for Globe Corporation for a three-month period:




SalesDirect materialsDirect laborVariable overheadFixed overheadSelling and admin. costsFixed loan payments


OCTOBER$820,000$123,000$90,000$65,600$140,000$312,000$155,000


NOVEMBER$780,000$119,000$85,000$62,400$140,000$310,000$155,000


DECEMBER$850,000$125,000$96,000$68,000$140,000$315,000$155,000




Sales were $770,000 in August and $790,000 in September. Material usage was $115,000 in August and $118,000 in September. All sales are on account, and accounts receivable is historically collected 15% in the month of sale, 65% in the month following sales, and the remainder two months after the sale. Materials are paid for 40% in the month used and 60% the following month. All other expenses are paid in the month incurred. The cash balance was $35,000 at the beginning of October, and management wants to determine if the company will have enough cash to pay a year-end bonus.
Prepare a three-month cash budget, including a schedule for cash collections and material payments.



Problem 3 (10 points)
Olympic Products Inc. manufactures and distributes barbecue grills. The company normally sells 1,000 of these grills each month for a price of $140 each. The material cost for a grill is $44 and the direct labor is $22. The variable overhead cost is $13 per grill, and the fixed overhead cost is $30,000 per month. A contract manufacturer has approached the company and offered to supply the grills ready to sell for $85 each. The company management believes that if it accepts this offer, Olympic Products will be able to lease unused factory space for $10,000 per month.
Perform a make-versus-buy analysis.

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Buy ACCT 220 Principles of Accounting I Quiz 3 with Answers at the best price of 8.99

Buy ACCT 220 Principles of Accounting I Quiz 3 with Answers at the best price of 8.99

ACCT 220 ACCT/220 ACCT220 Quiz 3
1 .Internal control is defined, in part, as a plan that safeguards
2. Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them
3.Control over cash disbursements is generally more effective when
4.An employee authorized to sign checks should not record
5..The relationship between current liabilities and current assets is
6. In preparing its bank reconciliation for the month of April 2014, Delano, Inc. has available the following information.
7. Which one of the following items is not considered a part of the cost of a truck purchased for business use?
8.The four subdivisions for plant assets are
9.A current liability is a debt that can reasonably be expected to be paid
10.Depreciation is the process of allocating the cost of a plant asset over its service life in
11 .The book value of an asset is equal to the
12.A company purchased factory equipment on April 1, 2014 for $160,000. It is estimated that the equipment will have a $20,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2014 is
13. The units-of-activity method is generally not suitable for
14. A plant asset cost $288,000 and is estimated to have a $36,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be
15. A factory machine was purchased for $375,000 on January 1, 2014. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2014. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2014 would be
       16. A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. The entry to record this event would include a
17.The following totals for the month of April were taken from the payroll register of Asplend Company.
18.The entry made by Hoffman Granite on January 1 to record the proceeds and issuance of the note is
19.What is the adjusting entry required if Hoffman Granite Company prepares financial statements on June 30?
20.What entry will Hoffman Granite make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?

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Instructional leadership | Education homework help

Instructional leadership | Education homework help

Current trends in education are impacting the way districts are offering instruction and instructional programs to their stakeholders.  After reviewing the provided materials on the topics below and researching how this movement is affecting education today select one (1) IL topic provided. 
You will need to explain it, describe its implementation nationally, what advantages/disadvantages it has for participants, and how the instructional model would be viable in your educational community.  You should include a minimum of 8 scholarly references.

Social Emotional Learning (SEL)

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How does the description of the setting contribute to the plot of the text? Question 3 | Trifles Questions | Q & A

How does the description of the setting contribute to the plot of the text? Question 3 | Trifles Questions | Q & A

A. The description of the kitchen reveals that Mrs. Wright was not a very good wife
and homemaker.
B. The kitchen is described as gloomy and messy, which suggests Mrs. Wright was
interrupted by something emotionally shocking.
C. The description of the Wright house as big, dark, and gloomy contributes to the
Mrs. Peters’ sense of unease, increasing her suspicion of Mrs. Wright.
D. The description of the Wright house as messy indicates that there was a violent
struggle, and that Mrs. Wright is not telling the truth.

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Buy ACC7000-8 Assignment 5 / Advanced Managerial Accounting (NCU) at the best price of 4.99

Buy ACC7000-8 Assignment 5 / Advanced Managerial Accounting (NCU) at the best price of 4.99

ACC7000-8 Assignment 5 / Advanced Managerial Accounting (NCU)
Preview:
Introduction
Management accounting and control systems have tools that are used to motivate and measure employee performance.  Employee and organization behaviors can impact the overall success of the organization.  This paper will summarize scholarly articles related to behavioral and organizational issues in management accounting.
etc.

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How does the description of the setting contribute to the plot of the text? Question 3 | Trifles Questions | Q & A

How does the description of the setting contribute to the plot of the text? Question 3 | Trifles Questions | Q & A

A. The description of the kitchen reveals that Mrs. Wright was not a very good wife
and homemaker.
B. The kitchen is described as gloomy and messy, which suggests Mrs. Wright was
interrupted by something emotionally shocking.
C. The description of the Wright house as big, dark, and gloomy contributes to the
Mrs. Peters’ sense of unease, increasing her suspicion of Mrs. Wright.
D. The description of the Wright house as messy indicates that there was a violent
struggle, and that Mrs. Wright is not telling the truth.

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