Get college assignment help at Smashing Essays Question Help checking my answers for the following!!! If wrong, how did you get the answer?Current RatioWorking capitalDebt to Total Asset RatioInventory Turnover RatioAccounts Receivable Turnover RatioReturn on AssetsAsset Turnover RatioReturn on EquityGross Profit RatioProfit Margin RatioMy Answers:Current Ratio2019 – 1.18 2018 – 1.25Working capital2019 – 1357 2018 – 2012Debt to Total Asset Ratio2019 – 0.58 2018 – 0.60Inventory Turnover Ratio2019 – 6.09 2018 – 6.20Accounts Receivable Turnover Ratio2019 – 1.44 2018 – 0.95Return on Assets2019 – 11.30% 2018 – 7.71%Asset Turnover Ratio2019 – 3.3 2018 – 3.25Return on Equity2019 – 54.22 2018 – 35.71Gross Profit Ratio2019 – 23.23% 2018 – 23.43%Profit Margin Ratio2019 – 3.41% 2018 – 2.37% Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment balancesheet.png Financial_Report [Read-Only] – Excel X File Home Insert Page Layout Formulas Data Review View DYMO Label Tell me what you want to do.. A Manry, Danielle Share 16 Cut BB) Copy Calibri 11 – A
In case study 29, of the CRUMBLEY, LaGRAIZE,
Question In case study 29, of the CRUMBLEY, LaGRAIZE,
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1) Camton Manufacturing Company uses a process cost accounting system.
Question 1) Camton Manufacturing Company uses a process cost accounting system. Materials are added at the beginning of the process. Direct labor and Overhead are added evenly throughout the process. The following are the operating and cost data information for January. The January 1 Beginning Work In Process consisted of 10,000 units (30% complete)The cost for this inventory include: $40,000 of direct materials, $20,000 of direct labor, and $50,000 of factory overhead. In addition to the beginning inventory, the company started 60,000 units They incurred the following cost into Work-In-Process Inventory: Direct materials, $190,000 Direct labor, $ 80,000 Factory overhead, $150,000During January, the company completed and transferred out 50,000 units of its product to finished goods. At the end of the month, the work in process inventory consisted of 20,000 units that were 60% complete with respect to conversion cost.SHOW YOUR WORK — YOU NEED ALL OF THE WORDS ALONG WITH THE NUMBERSA) Prepare the company’s process cost summary for January: The report should include all of the following: a) Units to Account For and Units Accounted For b) Find Equivalent Units c) Cost to Account For d) Cost per Equivalent Unit e) Cost Accounted ForB) Prepare the Journal entry for the transfer to Finished Good
Swifty Corporation produces microwave ovens. The following per unit cost
Question Swifty Corporation produces microwave ovens. The following per unit cost information is available: direct materials $28, direct labor $25, variable manufacturing overhead $12, fixed manufacturing overhead $55, variable selling and administrative expenses $15, and fixed selling and administrative expenses $28. Its desired ROI per unit is $29. Compute the markup percentage using variable-cost pricing. (Round answer to 2 decimal places, e.g. 10.50%.)Markup percentage %
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Marigold Welding rebuilds spot welders for manufacturers. The following budgeted
Question Marigold Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Marigold. Time Charges Material Loading Charges Technicians’ wages and benefits $211,700 – Parts manager’s salary and benefits – $39,300 Office employee’s salary and benefits 43,800 11,140 Other overhead 29,200 29,120 Total budgeted costs $284,700 $79,560 The company desires a $36 profit margin per hour of labor and a 22.00% profit margin on parts. It has budgeted for 7,300 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $416,000.a)Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.)Material loading percentage %b)Concord Corporation has requested an estimate to rebuild its spot welder. Marigold estimates that it would require 37 hours of labor and $2,400 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.)Total estimated bill $
Which of the following statements is true of ABC systems?A.ABC
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Sheridan Corporation produces snowboards. The following per unit cost information
Question Sheridan Corporation produces snowboards. The following per unit cost information is available: direct materials $10, direct labor $12, variable manufacturing overhead $7, fixed manufacturing overhead $14, variable selling and administrative expenses $6, and fixed selling and administrative expenses $8. Using a 40% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.)Target selling price $
A pension plan is obligated to make disbursements of $2.2
Question A pension plan is obligated to make disbursements of $2.2 million, $3.2 billion, and $2.2 million at the end of each of the next three years,respectively. The annual interest rate is 10%. If the plan wants to fully fund and immunize its position, how much of its portfolio should it allocate to one-year zero-coupon bonds and perpetuities, respectively, if these are the only two assets funding the plan?investment in zero-year zero coupon bonds ( )%investment in perpetuity ( )%
Mango Company incurred Php475,000 in overhead costs making 40,000 units
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Capital asset pricing model (CAPM) For each case in the
Get college assignment help at Smashing Essays Question Capital asset pricing model (CAPM) For each case in the following table, use the capital asset pricing model to find the required return.Case Risk-free rate, RF Market return, rm Beta, BA 1% 8% 1.3B 2 6 0.9C 5 13 -0.20D 6 12 1.0E 4 10 0.60 Resolve: Capital asset pricing model (CAPM): rj = RF [bj ´ (rm – RF)] Case rj = RF [bj ´ (rm – RF)] A = B = C = D = E =
Vaughn Manufacturing recorded the following data pertaining to raw material
Question Vaughn Manufacturing recorded the following data pertaining to raw material X during January 2017: UnitsDate Received Cost Issued On Hand1/1/17 Inventory $2 29001/11/17 Issue 1100 18001/22/17 Purchase 2000 $2.31 3800The moving-average unit cost of X inventory at January 31, 2017 is$2.16.$2.16.$2.31.$2.12.
Assume you are working on a 12/31 year-end audit. It
Question Assume you are working on a 12/31 year-end audit. It is now March 31st and the 12/31 accounts receivable aging shows a large receivable that was outstanding on 12/31 for 120 days. Further, the client’s receivables are typically collected in less than 45. You anticipate that the client’s allowance for doubtful account should be increased and inform the client about your disposition. The client disagrees. Is there an alternative substantive procedure that you could perform that would provide convincing evidence that this balance is collectible? If so, explain.
I just need someone to explain to me how to
Question I just need someone to explain to me how to get the answers to the ones I got wrong. I don’t understand how to calculate those. Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment 61A-1.PNG ATTACHMENT PREVIEW Download attachment 61A.PNG
Need help solving this problem. Thank you!Globalization is a continuous
Question Need help solving this problem. Thank you!Globalization is a continuous process whereby managers become aware of the impact of international activities on their companies. This process takes place in stages that include exporting, licensing joint ventures, wholly owned subsidiaries, and global sourcing. Each stage has implications for the type of accounting information reported.Striking Furs imports furs from Canada. In the space provided below, prepare journal entries to record the following events.Dec. 11, 2017: Purchased furs from Capable Trappers, Ltd., a Canadian corporation, at a price of 25,000 Canadian dollars, due in 60 days. The current exchange rate is $0.85 U.S. dollars per Canadian dollar. (Striking uses the perpetual inventory method; debit the Inventory account.)Dec. 31, 2017: Striking made a year-end adjusting entry relating to the account payable to Capable Trappers. The exchange rate at year-end is $0.89 U.S. dollars per Canadian dollar.Feb. 9, 2018: Issued a check for $21,750 (U.S. dollars) to National Bank in full settlement of the liability to Capable Trappers, Ltd. The exchange rate at this date is $0.87 U.S. dollars per Canadian dollar.2. Explain ways in which Striking Furs can protect itself against the losses that would arise from a sudden increase in the foreign exchange rate.
Write a paper on COSO and how it relates to Sarbanes-Oxley and
Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies in 700 to 1,050 words. Address the following:
Comprehensive Accounting Cycle Review 7 On December 1, 2017 Blossom Company had the following account balances.( Wileyplus)
This is a extra credit exercise. I need some help to do this homework it is about accounting 211. I am using the website Wileyplus.
Hi Can someone help me with this please? its wrong.
Question Hi Can someone help me with this please? its wrong. src=”/qa/attachment/8324783/” alt=”Capture.PNG” /> ATTACHMENT PREVIEW Download attachment Capture.PNG
The first national bank has agreed to lend you 30,000,
Question The first national bank has agreed to lend you 30,000, but you must repay 42,135 in 3 years. What rate is the bank charging you?
If the annual depreciation on an equipment is $1500; how
Question If the annual depreciation on an equipment is $1500; how much would the adjustment be at January 31?
Discussion Topic: Audit Failures style=”color:rgb(0,0,0);background-color:transparent;”>The purpose of the audit is
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