Accounting 2101 Final - 1340 Words

1.) A company is considering the following alternatives: Alternative 1 Alternative 2 Revenues $120,000 $120,000 Variable Costs $60,000 $60,000 Fixed Costs $35,000 $35,000 Which of the following are relevant in choosing between the alternatives? 2.) Adler Company manufactures a product with the following costs: Unit Variable Cost $50 Unit Fixed Cost $24 Total Cost Per unit $74 The company normally sells 10,000 units at a price of $88 each. Adler has a one-time opportunity to sell an additional 3,000 units at $70 each in a foreign market, which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:†¦show more content†¦exclusive projects which have the following financial characteristics: Project A Project B Net present value $50,000 $75,000 Initial investment $200,000 $400,000 Project life 4 years 4 years Which project will be accepted? 18.) Hingis Hardware is evaluating a new retail location and its accountants have prepared some information for your review. Their analysis has established that the new location will costs $1,500,000 and generate net present value of $100,000 using a discount rate of 10%. What is the profitability index for this project? 19.) Ruano, Inc. is analyzing the acquisition of new equipment, which will cost $50,000. Accountants have determined that this equipment will have a five-year useful life, and in each year generate net income of $12,800 and operating cash flow of $14,200. The company requires a 10% return on invested capital. What is the approximate IRR of this equipment acquisition? 20.) In most cases, prices are set by the 21.) Which of the following is not considered a limitation of cost-plus pricing? 22.) Downing company produces a high-resolution computer monitor. The following information is available for this product: Fixed cost per unit $50 Variable cost per unit $150 Total cost per unit $200 Downing expects to sell 10,000 units per year. The company has decided to price its monitors to earn a 14% return on its investment ofShow MoreRelatedInternal Revenue Code 1939278050 Words   |  1113 Pages Sec. Sec. Sec. 41. 42. 43. 44. 45. 46. 47. 48. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. IV— ACCOUNTING PERIODS AND METHODS General rule. Period in which items of gross income included. Period for which deductions and credits taken. Installment basis. Allocation of income and deductions. Change of accounting period. Returns for a period of less than twelve months. Definitions. OF ACCOUNTING PART V— RETURNS AND PAYMENT OF TAX Individual returns. Corporation returns. Time and place for filingRead MoreIssues and Trends in the Automotive Industry: Implications for Eastern Ontario14151 Words   |  57 Pagesrequirements for customs clearance Eliminating the need for importers to transmit data for each transaction Dedicating lanes for FAST clearances Reducing the rate of border examinations Verifying trade compliance away from the border Streamlining accounting and payment processes for all goods imported by approved importers (Canada only) FAST is currently available at the following 5 Ontario/US border crossings: †¢ †¢ †¢ †¢ †¢ Lansdowne, Ontario / Alexandria Bay, New York Queenston, Ontario / LewistonRead MoreFundamentals of Corporate Finance 9e82683 Words   |  331 Pageshttp://helpyoustudy.info Chapter 02 - Financial Statements, Taxes, and Cash Flow Chapter 02 Financial Statements, Taxes, and Cash Flow Answer Key Multiple Choice Questions 1. Which one of the following is the financial statement that shows the accounting value of a firm s equity as of a particular date? A. income statement B. creditor s statement C. balance sheet D. statement of cash flows E. dividend statement Refer to section 2.1 AACSB: N/A Bloom s: Knowledge Difficulty: Basic Learning Objective:Read MoreFundamentals of Hrm263904 Words   |  1056 PagesTeams Reliability 171 Validity 171 Content Validity 171 Construct Validity 172 Criterion-Related Validity 172 Recruiting: A Global Perspective 146 DID YOU KNOW?: Posting Online Rà ©sumà ©s 147 Your Own Job Search 147 Preparing Your Rà ©sumà © 148 Some Final Remarks 149 Summary 149 Demonstrating Comprehension: Questions for Review 150 Key Terms 150 151 HRM Workshop 170 Key Elements for Successful Predictors 170 Linking Concepts to Practice: Discussion Questions 151 Developing Diagnostic and AnalyticalRead MoreMedicare Policy Analysis447966 Words   |  1792 Pages 20 ‘‘(3) TIME FOR ADOPTION.—Not later than 2 years after the date of the enactment of this section, 22 the Secretary shall adopt standards under this sec- 23 rmajette on DSK29S0YB1PROD with BILLS 21 tion by interim, final rule. †¢HR 3962 IH VerDate Nov 24 2008 12:56 Oct 30, 2009 Jkt 089200 PO 00000 Frm 00078 Fmt 6652 Sfmt 6201 E:\BILLS\H3962.IH H3962 79 1 ‘‘(4) REQUIREMENTS FOR SPECIFIC 2 ARDS.—The 3 STAND- developed