Designers of executive compensation plans emphasize which of the following factors (A+)

ACCOUNTING

Multiple Choice

Designers of executive compensation plans emphasize which of the following factors?

a. Achievement of organizational goals

b. Administrative ease

c. The probability that the executives affected by the plan will perceive the plan as fair

d. All of the above are emphasized.

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Automated Welding Services, Inc. (AWS) business has been growing (A+ Guaranteed)

Automated Welding Services, Inc. (AWS) business has been growing and they need to raise their automation to the next level. They have collected data on five alternative machines/processes for which the data is shown below. Only a single alternative will be selected. AWS uses a 5-year time horizon for project justifications. Submit your solution in a spreadsheet.

Determine which will offer the largest internal rate of return for AWS.
Determine using the internal rates of return criterion with an incremental analysis which will offer the largest monetary benefit to AWS if their MARR is 12%.
What is the difference between parts a and b?

Altern|Investmt | Annual | Salvage
ative | in year 0| Cash | value in
| | Flow | last year
A1 $50,000 $18,000 $0
A2 $250,000 $85,000 $75,000
A3 $350,000 $110,000 $175,000
A4 $600,000 $150,000 $400,000
A5 $800,000 $175,000 $600,000

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On April 29, 2013, Quality Appliances purchased equipment for $260,000 (A+ Guaranteed)

On April 29, 2013, Quality Appliances purchased equipment for $260,000. The estimated service life of the equipment is six years and the estimated residual value is $20,000. Quality’s fiscal year ends on December 31.

Required:


Calculate depreciation for 2013 and 2014 using each of the three methods listed. Quality calculates partial year depreciation based on the number of months the asset is in service. Round all computations to the nearest dollar.

1. Straight-line.

2. Sum-of-the-years’ digits.

3. Double-declining balance.

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Sandy Bank, Inc., makes one model of wooden canoe (A+ Guaranteed)

Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows:

Number of Canoes Produced and Sold 500 700 850
Total costs
Variable costs $ 82,500 $ 115,500 $ 140,250
Fixed costs 178,500 178,500 178,500
Total costs $ 261,000 $ 294,000 $ 318,750

Cost per unit
Variable cost per unit $ 165.00 $ 165.00 $ 165.00
Fixed cost per unit 357.00 255.00 210.00

Total cost per unit $ 522.00 $ 420.00 $ 375.00

Sandy Bank sells its canoes for $450 each.

Required:

1. Suppose that Sandy Bank raises its selling price to $600 per canoe. Calculate its new break-even point in units and in sales dollars. (Round your “Unit” answer to the nearest whole number. Round your intermediate calculations to whole dollars and percentages.)

2. If Sandy Bank sells 1,520 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $600.) (Round your answers to the nearest whole number.)

3. Calculate the number of canoes that Sandy Bank must sell at $600 each to generate $120,000 profit. (Round your answer to the nearest whole number.)

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ACCT 525 Week 3 Assignment (A+ Guaranteed)

ACCT525 Week 3 Assignment

 

 

1.      Watch the FASB Codification Tutorial – Available through the course shell http://asc.fasb.org/media/1615_Codification_MainMenu_Web/launcher.html

2.      Access the codification databasethrough your course shell and give a summary (1 paragraph) of each of the below references:

a.       ASC 830-230-55-1

b.      ASC 926-330-35-1

c.       ASC 954-440-25-2

d.      ASC 505-20-50-1

e.       ASC 710-10-05-6

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BUS 650 Week 3 DQ 2 – Capital Rationing. Compare and contrast the Internal Rate of Return (IRR)

1st Post Due by Day 3. Capital Rationing. Compare and contrast the Internal Rate of Return (IRR), the Net Present Value (NPV) and Payback approaches to capital rationing. Which do you think is better? Why? Provide examples and evidence from two articles from ProQuest to support your position. Your post should be 200-250 words in length.

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ACCT2020 Stromberg Company of Zwingle, Kansas, spreads herbicides and applies liquid fertilizer for local farmers (A+)

(ACCT2020) Stromberg Company of Zwingle, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2012, the company\’s cash account per its general ledger showed a balance of $6,938.37.

The bank statement from Zwingle State Bank on that date showed the following balance.

ZWINGLE STATE BANK

Checks and Debits Deposits and Credits Daily Balance

XXX XXX 5-31 7,311.47

A comparison of the details on the bank statement with the details in the cash account revealed the following facts.

1. The statement included a debit memo of $54.60 for the printing of additional company checks.

2. Cash sales of $833.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $839.15. The bank credited Stromberg Company for the correct amount.

3. Outstanding checks at May 31 totaled $294.25, and deposits in transit were $1,894.75.

4. On May 18, the company issued check No. 1181 for $683.00 to M. Dornbos, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Stromberg Company for $638.00.

5. A $2,899.47 note receivable was collected by the bank for Stromberg Company on May 31 plus $124.60 interest. The bank charged a collection fee of $20.00. No interest has been accrued on the note.

6. Included with the cancelled checks was a check issued by Strongberg Company to P. Jordan for $345.40 that was incorrectly charged to Stromberg Company by the bank.

7. On May 31, the bank statement showed an NSF charge of $579.47 for a check issued by Bev Fountain, a customer, to Stromberg Company on account.

(a) Complete the bank reconciliation as of May 31, 2012.

(b) Prepare the necessary adjusting entries at May 31, 2012.

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ACCT2020 The bank portion of the bank reconciliation for Horsman Company at October 31, 2012, is shown here (A+)

(ACCT2020) The bank portion of the bank reconciliation for Horsman Company at October 31, 2012, is shown here.

HORSMAN COMPANY

Bank Reconciliation

October 31, 2012

Cash balance per bank $12,641.85

Add: Deposits in transit 1,530.20

14,172.05

Less: Outstanding checks

Check Number Check Amount

2451 $1,260.40

2470 720.10

2471 844.50

2472 428.03

2474 1,050.00 4,303.03

Adjusted cash balance per bank $9,869.02

The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits.

Bank Statement

Checks Deposits

Date Number Amount Date Amount

11-1 2470 $720.10 11-1 $1,530.20

11-2 2471 844.50 11-4 1,211.60

11-5 2474 1,050.00 11-8 990.10

11-4 2475 1,640.70 11-13 2,575.00

11-8 2476 2,830.00 11-18 1,472.70

11-10 2477 600.00 11-21 2,945.00

11-15 2479 1,740.00 11-25 2,567.30

11-18 2480 1,330.00 11-28 1,650.00

11-27 2481 695.40 11-30 1,186.00

11-30 2483 575.50 Total $16,127.90

11-29 2486 900.00

Total $12,926.20

The cash records per books for November showed the following.

Cash Payments Journal Cash Receipts Journal

Date Number Amount Date Number Amount Date Amount

11-1 2475 $1,640.70 11-20 2483 $575.50 11-3 $1,211.60

11-2 2476 2,830.00 11-22 2484 828.27 11-7 990.10

11-2 2477 600.00 11-23 2485 974.80 11-12 2,575.00

11-4 2478 538.20 11-24 2486 900.00 11-17 1,472.70

11-8 2479 1,704.00 11-29 2487 434.00 11-20 2,954.00

11-10 2480 1,330.00 11-30 2488 755.00 11-24 2,567.30

11-15 2481 695.40 Total $14,417.87 11-27 1,650.00

11-18 2482 612.00 11-29 1,186.00

11-30 1,491.95

Total $16,098.65

The bank statement contained two memoranda.

1. A credit of $2,427.22 for the collection of a $2,285.22 note for Horsman Company plus interest of $157.00 and less a collection fee of $15.00. Horsman Company has not accrued any interest on the note.

2. A debit for the printing of additional company checks $86.23.

At November 30 the cash balance per books was $11,549.80 and the cash balance per bank statement was $18,184.54. The bank did not make any errors, but two errors were made by Horsman Company.

(a) Using the four steps in the reconciliation procedure, complete the bank reconciliation at November 30, 2012. (List multiple entries from largest to smallest amounts, e.g. 10, 5, 1. List outstanding checks in order of check number.)

(b) Prepare the adjusting entries based on the reconciliation.

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ACCT2020 The following information pertains to Ghose Company (A+)

(ACCT2020)The following information pertains to Ghose Company.

1. Cash balance per bank, July 31, $9,110.

2. July bank service charge not recorded by the depositor $45.

3. Cash balance per books, July 31, $9,062.

4. Deposits in transit, July 31, $3,482.

5. Note for $2,782 collected for Ghose in July by the bank, plus interest $36 less fee $20. The collection has not been recorded by Ghose, and no interest has been accrued.

6. Outstanding checks, July 31, $777.

(a) Complete the bank reconciliation at July 31, 2012 below:

(b) Journalize the adjusting entries at July 31 on the books of Ghose Company.

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ACCT2020 The following information is available for Eusey Company for the month of January (A+)

(ACCT2020) The following information is available for Eusey Company for the month of January: expected cash receipts $62,000; expected cash disbursements $67,000; cash balance on January 1, $12,000. Management wishes to maintain a minimum cash balance of $8,000. Complete the basic cash budget for the month of January

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