Monthly Archives: December 2017

A company has $50 per unit in variable costs and $1,200,000 per year

1. A company has $50 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 110,000 units annually. What is the price if a markup of 40% on total cost is used to … Continue reading

Posted in Homework Help | Comments Off

You have joined the Projects division of Grow More Inc

You have joined the Projects division of Grow More Inc. Your first job is to analyze two projects. which you have code named “alpha” and “beta” Both projects will require the same initial investment of $100,000 and are expected to … Continue reading

Posted in Homework Help | Comments Off

For a recent year, the mean fare to fly from Charlotte, North Carolina

For a recent year, the mean fare to fly from Charlotte, North Carolina, to Chicago, Illinois, on a discount ticket was $267. A random sample of 13 round-trip discount fares on this route last month gives: $321, $286, $290, $330, … Continue reading

Posted in Homework Help | Comments Off

Global Services is considering a promotional campaign that will increase

Global Services is considering a promotional campaign that will increase annual credit sales by $620,000. The company will require investments in accounts receivable, inventory, and plant and equipment. The turnover for each is as follows: Accounts receivable 4times Inventory 8times … Continue reading

Posted in Homework Help | Comments Off

As part of a study on the bluntnose minnow (Pimephales notatus)

As part of a study on the bluntnose minnow (Pimephales notatus) you want to determine which factors contribute to how many of these fish live in parts of a stream. So you sampled 80 different sections of a stream and … Continue reading

Posted in Homework Help | Comments Off

The economy of Utopia produces three goods: Computers, DVDs, and Pizzas

The economy of Utopia produces three goods: Computers, DVDs, and Pizzas. The table below shows the prices and output of the three goods for the years 2014, 2015, and 2016.   Computers DVDs Pizzas Year Price Quantity Price Quantity Price … Continue reading

Posted in Homework Help | Comments Off

Oriole Company uses the LCNRV method, on an individual-item basis

Oriole Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, included product X. Relevant per-unit data for product X are as follows. Estimated selling price$49Cost38Estimated selling costs15Normal profit9 There … Continue reading

Posted in Homework Help | Comments Off

AIKON ltd. is a new technology company

AIKON ltd. is a new technology company. They recently announced their plan to invest in new operating system. As a result, no dividends will be paid for the next two years followed by an estimated dividend of $0.30 in the … Continue reading

Posted in Homework Help | Comments Off

Cool Cooking Tools Ltd, manufacturer of gourmet cooking utensils

Cost of goods manufactured; overapplied or underapplied overhead; journal entries (10 Marks) Cool Cooking Tools Ltd, manufacturer of gourmet cooking utensils, uses job costing. Manufacturing overhead is applied to production at a predetermined overhead rate of 150 per cent of … Continue reading

Posted in Homework Help | Comments Off

A market researcher for an automobile company suspects differences

A market researcher for an automobile company suspects differences in preferred color between male and female buyers. Advertisements targeted to different groups should take such differences into account, if they exist. The researcher examines the most recent sales information of … Continue reading

Posted in Homework Help | Comments Off