Entries by Munene david

Today’s college tuition rates have gone up much faster than the rate

May 5, 2020 in /by

Today’s college tuition rates have gone up much faster than the rate of inflation. Some politicians and advocates for free college suggest that we should forgive all of the $1.5 trillion in student debt (which continues to rise) and make college free. The problem remains, however, that college is not free. Therefore, who should pay for it: students, […]

 

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Fact Pattern:Donnelly Corporation manufactures

May 5, 2020 in /by

Fact Pattern:<br/><br/><br/>Donnelly Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit. The company needed to sell 20,000 shirts to break even. The net income last year was $5,040. Donnelly’s expectations for the coming year […]

 

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1. Look at any CAFR of interest and discuss the revenues

May 5, 2020 in /by

1. Look at any CAFR of interest and discuss the revenues that you note are common to that government. Do you find any that are unusual? Tell us about them. One weird revenue that I see is that governments have state or county-owned liquor stores. What odd revenue sources can you find around the country? […]

 

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Alpha Company had the following information for FY 2017

May 5, 2020 in /by

Alpha Company had the following information for FY 2017:<br/>Work in Process – 1/1/17 100,000 units Units Started into Production 575,000 units Work in Process – 12/31/17 75,000 units Direct Material put into Production $575,000 Conversions Costs put into Production $843,750 The beginning work in process was 100% complete as to direct materials and 75% complete […]

 

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