QUESTION Storm Tools has formed a new business unit to produce battery-powered drills. The business unit was formed by the transfer of selected assets and obligations from the parent company. The unit’s initial balance sheet on January 1 contained cash ($500,000), plant and equipment ($2,500,000), notes payable to the parent ($1,000,000), and residual equity ($2,000,000). […]
QUESTION DQ 1Child abuse and maltreatment is not limited to a particular age and can occur in the infant, toddler, preschool, and school-age years. Choose one of the four age groups (infant, toddler, preschool, or school age) and discuss the types of abuse that are most often seen in this age. Discuss warning signs and […]
QUESTION 1. Use the following information to prepare a statement of cash flows. Comparative Balance Sheets, December 31 2014 2013 Cash $ 6,100 $ 4,200 Accounts Receivable 10,200 11,000 Inventory 14,900 13,500 Long-term Investments 8,000 6,500 Equipment 33,600 31,000 Accumulated Depreciation (5,000) (4,100) Total Assets $67,800 $62,100 Accounts Payable $15,300 $14,700 Wages Payable 400 700 […]
QUESTION Midtown Inc. uses an activity based costing system contains the following six activity cost pools: Activity Cost PoolEstimated Overhead CostsEstimated Activity Indirect Labor$ 1,100,000 100,000Direct Labor Hours Machine processing 120,000 40,000Machine Hours Machine setups 675,000 15,000Setups Production orders 1,350,000 9,000Orders Shipments 1,470,000 12,250Shipments Product Testing 405,000 450ProductsTotal: $ 5,120,000Activity data have been supplied for […]
QUESTION The key to remember is that the time series regression technique can only be used if there is a trend in the data and you have at least three years worth of data. Is there a reason why you would use the simple moving average or any of the less informative techniques? Explain your […]
QUESTION What would happen if the organization did not track its expenses and revenues as part of an organized budgetary system? Explain your answer? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION If you buy a bond at a premium, you will be paying more for it than its stated face value. How would you make a profit on that bond? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION question1:Consider the following facts:- Company A had product sales revenues of $30,000 for the month.- Its cost of goods sold was $18,000 for the month.- Its other operating expenses were $2,000 for the month.- Company A also had rent revenue of $500 for the month.- Also during the month, it sold a delivery truck […]
QUESTION The period of a pendulum is measured to be 3.00 s in the reference frame of the pendulum. What is the period when measured by an observer moving at a speed of 0.960c relative to the pendulum? What if the speed of the observer increases by 4%? Does the dilated time interval increase by […]
QUESTION Factory Overhead Rates, Entries, and Account BalanceHudson Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows:Factory 1Factory 2Estimated factory […]
