Monthly Archives: November 2015

Gamma Inc. is considering the replacement of an existing machine (ANSWER KEY)

Gamma Inc. is considering the replacement of an existing machine. The new machine costs $1.8 million and requires installation costs of $250,000. The existing machine can be sold currently for $125,000 before taxes. The existing machine is 3 years old, … Continue reading

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Read Case Study Mead Meals on Wheels Center – Part I (A+ Guaranteed)

Operational Analysis Read Case Study Mead Meals on Wheels Center—Part I (from Chapter 4) and Part II (from Chapter 5).  Using the information in the case study problems, especially Problem 3 (from Part II), discuss the following: MMWC buys the … Continue reading

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Read Case Study “Mead Meals on Wheels” (A+ Guaranteed)

Read Case Study “Mead Meals on Wheels” Case Study Mead Meals on Wheels The Mead Meals on Wheels Center (MMWC) provides meals every day to the homebound elderly. The city of Wabash pays MMWC $32 per week for each person … Continue reading

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DeVry Acct 346 Final Exam (A+ Guaranteed)

DeVry Acct 346 Final Exam   Question 1. (TCO 4) Assumptions underlying cost-volume-profit analysis include all of the following, except: all costs can be divided into fixed and variable elements. total variable costs are directly proportional to volume over the … Continue reading

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ACCT202- AC Speed Version 5.1 FALL (A+ Guaranteed)

ACCT202- AC Speed Version 5.1 FALL   The book is: Accounting Principles, ninth edition by Weygandt, Kimmel, and Kieso The AC Speed Company is a well-established, publicly-held corporation, operating as a wholesaler in the auto parts industry. Specifically, AC Speed … Continue reading

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Ziad Company had a beginning inventory on January 1 of 150 units of Product

Ziad Company had a beginning inventory on January 1 of 150 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 400 units at $23  Sept. 4 350 units … Continue reading

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Latona Hardware Store completed the following merchandising transactions

Latona Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Latona showed Cash of $5,000 and Common Stock of $5,000. May  1  Purchased merchandise on account from Gray’s Wholesale … Continue reading

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The completed financial statement columns of the worksheet for Fleming Company

The completed financial statement columns of the worksheet for Fleming Company are shown on below. Instructions a) Prepare an income statement, a retained earnings statement, and a classified balance sheet. b) Prepare the closing entries. c) Post the closing entries … Continue reading

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Kaleta Company reports the following for the month of June

Kaleta Company reports the following for the month of June. Instructions a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. b) Which costing method gives the higher ending inventory? … Continue reading

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Tri-State Bank and Trust is considering giving Josef Company a loan

Tri-State Bank and Trust is considering giving Josef Company a loan. Before doing so, management decides that further discussions with Josef’s accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of … Continue reading

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