Entries by sospeter mukundi

Pierce & Company provides the following information concerning the work in process at its plant:

June 21, 2020 in /by

Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent) Started this month, 60,200 units. Transferred out, 49,700 units. Ending Inventory, 19,800 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: […]

 

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Conlon Chemicals manufactures paint thinner.

June 21, 2020 in /by

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:   • Beginning inventory, 43,200 partially complete gallons. • Transferred out, 213,600 gallons. • Ending inventory (materials are 22 percent complete; conversion costs are 11 percent complete). • Started this month, 238,800 gallons.   Required: a. Compute the equivalent units for materials using the […]

 

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Pierce & Company provides the following information concerning the work in process at its plant: 

June 21, 2020 in /by

Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent) Started this month, 60,200 units. Transferred out, 49,700 units. Ending Inventory, 19,800 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: […]

 

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Conlon Chemicals manufactures paint thinner.

June 21, 2020 in /by

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:   • Beginning inventory, 43,200 partially complete gallons. • Transferred out, 213,600 gallons. • Ending inventory (materials are 22 percent complete; conversion costs are 11 percent complete). • Started this month, 238,800 gallons.   Required: a. Compute the equivalent units for materials using the […]

 

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Sunset Motors, Inc., makes small motors for appliances and other uses.

June 21, 2020 in /by

Sunset Motors, Inc., makes small motors for appliances and other uses. The company develops plans using an annual budgeting cycle. For next year, the production budget is 86,000 units. Inventories are expected to decrease by 9,800 units. Required: What is the sales budget for the coming year? (in units)   “Looking for a Similar Assignment? […]

 

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Some common obstacles are cost versus benefits and the materiality of the issue. 

June 21, 2020 in /by

Some common obstacles are cost versus benefits and the materiality of the issue. Standard setters need to consider the cost associated with gathering the information required to measure or disclosure the financial transactions. How could this implement the use of the codification as we move closer to convergence?   “Looking for a Similar Assignment? Order now […]

 

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The following information ($ in millions) comes from a recent annual report of Amazon.

June 21, 2020 in /by

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:   Net sales$10,799 Total assets 4,489 End of year balance in cash 1,144 Total stockholders’ equity 356 Gross profit (Sales − Cost of Sales) 2,496 Net increase in cash for the year 24 Operating expenses 2,060 Net operating cash flow 734 Other income (expense), net (31)   Compute […]

 

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Define the term earnings quality?

June 21, 2020 in /by

Define the term earnings quality?   “Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code “Newclient”

 

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Scholes Systems supplies a particular type of office chair to large retailers such as Target, Costco, and Office Max.

June 21, 2020 in /by

  Scholes Systems supplies a particular type of office chair to large retailers such as Target, Costco, and Office Max. Scholes is concerned about the possible effects of inflation on its operations. Presently, the company sells 88,000 units for $60 per unit. The variable production costs are $30, and fixed costs amount to $1,480,000. Production […]

 

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On-the-Go inc, produces two models of travel cases for laptop computers- the programmer and the executive.

June 21, 2020 in /by

On-the-Go inc, produces two models of travel cases for laptop computers- the programmer and the executive. the bags have the following characterizes programmer                        executive selling price                                                   $60 $90 Variable $30 $30 Expected sales(bags)    per year 7000 10,500 the total fixed costs per year or the company are $ 676,000 Required: a-What is the anticipated level of […]

 

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