Monthly Archives: July 2013

Renaissance Capital Group is considering allocating a limited amount of capital investment funds among four proposals

ACCOUNTING Renaissance Capital Group is considering allocating a limited amount of capital investment funds among four proposals. The amount of proposed investment, estimated income from operations, and net cash flow for each proposal are as follows: The company’s capital rationing … Continue reading

Posted in Homework Help | Comments Off

The management of Pacific Utilities Inc. is considering two capital investment projects

ACCOUNTING The management of Pacific Utilities Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: The generating unit requires an investment of $1,172,900, while the distribution network expansion requires an investment … Continue reading

Posted in Homework Help | Comments Off

The capital investment committee of Hampton Landscaping Company is considering two capital investments

ACCOUNTING The capital investment committee of Hampton Landscaping Company is considering two capital investments. The estimated income from operations and net cash flows from each investment are as follows: Each project requires an investment of $64,000. Straight-line depreciation will be … Continue reading

Posted in Homework Help | Comments Off

Edward Baird Company is a diversified investment company with three operating divisions organized as investment centers

ACCOUNTING Edward Baird Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 2012, are as follows: Mutual Fund Division … Continue reading

Posted in Homework Help | Comments Off

World-Tec Company sells electronics over the Internet

ACCOUNTING World-Tec Company sells electronics over the Internet. The International Division is organized as a cost center. The budget for the International Division for the month ended March 31, 2012, is as follows (in thousands): Customer service salaries ………………………. $ … Continue reading

Posted in Homework Help | Comments Off

Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May 2012

ACCOUNTING Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May 2012. The company expected to operate the department at 100% of normal capacity of 7,000 hours. Variable Costs: … Continue reading

Posted in Homework Help | Comments Off