Crane, Inc., has collected the following information on its cost

Get college assignment help at Smashing Essays Question Crane, Inc., has collected the following information on its cost of electricity: />Machine HoursTotal Electricity CostsJanuary500$230February540$280March340$190April430$200May640$260June690$330July300$160August500$250September220$100October730$320November820$340December600$300Your answer is incorrect. Try again.  Using the high-low method, compute the variable cost of electricity per machine hour. (Round unit cost to 2 decimal places, e.g. 52.75.)Variable cost$ per machine hourLINK TO TEXTLINK TO VIDEOYour answer is incorrect. Try again.  Compute the total fixed cost of electricity. (Round answer to 2 decimal places, e.g. 52.75.)Fixed cost$LINK TO TEXTLINK TO VIDEOYour answer is incorrect. Try again.  Represent the electricity cost function in equation form. (Round answers to 2 decimal places, e.g. 52.75.)Total cost =$ × MH $LINK TO TEXTLINK TO VIDEOYour answer is incorrect. Try again.  What is the expected electricity cost when 730 machine hours are used? (Round answer to 2 decimal places, e.g. 52.75.)Total cost$Click if you would like to Show Work for this question:Open Show WorkLINK TO TEXTLINK TO VIDEOQuestion Attempts: Unlimited SAVE FOR LATERSUBMIT ANSWER

You are in the market for a new car and

Question You are in the market for a new car and have decided to buy the new Jeep Grand Cherokee for $42,500 at Al’s Sharp Ton Auto. You have already visited Riptue Off Credit Union and qualified for 4.4% financing for 5 years with no money down and monthly payments. As you are contemplating your purchase, the salesperson at Al’s mentions that the dealership has a special promotion today only for 1.9% financing for 60 months or $2,500 cash back if you qualify (which you do…of course…your credit is STELLAR!). So, should you finance through your Riptue or Al’s? What are your payments in each case? What does this mean about the offer from the Dealer?

how is the mortgage different on both accounts?

Question how is the mortgage different on both accounts?

From the following entries in the books of Sakura international,

Question From the following entries in the books of Sakura international, Inc, Make a Bank Reconciliation Statement as at 30 Nov 20181. US 3.500.00 cash book balance brought forward from 31 Oct 182. Company earned bank interest of US $30.00 and posted in Nov 183. Payment of US $500.00 to Fun Express was cleared by bank4. Company processed a payment to The University club for US $1000.005. Company processed a payment of US $500.00 to FedEx which was cleared by the bank6. A cheque payment of US$500.00 was made payable to Staple7. A cheque for US $ 500.00 from International Travels was deposited in bank8. Payment of US$1000.00 was made payable to state Farm Insurance9. Company received a debit note from bank for Oct 18-US $100.0010. Payment of US$200.00 to Comcast was cleared by the bank11. Payment of US$150.00 was made payable to T-Mobile12. Company processed a payment to Cleaners for US 500.0013. Credit note of US $1.00 was received from bank for wrong bank charges14. A payment of $4000.00 to Four Seasons was cleared by bank15. A payment of US $3500.00 to Ritz Calton was cleared by bank16. A payment of US $500.00 to XYZ Limo was cleared by bank17. A cheque deposit of US $700 was returned by bank due to NSF with a debit of US$10.00 as bank charges to the account18. Bank received a telegraphic transfer of US $10,000.00 from ACME, Inc19. A cheque payment of US$2,500.00 was made payable to ABC Security20. A cheque for US$27,000.00 was received from CD International for services but not deposited in bank21. Bank shows an opening balance of US$3,731.00 on 1 Dec18

This question was created from accounting 10 exercises.pdf https://www.coursehero.com/file/41493841/accounting-10-exercisespdf/ On

Question This question was created from accounting 10 exercises.pdf https://www..com/file/41493841/accounting-10-exercisespdf/ On January 2, 2017, Bering Co. disposes of a machine costing $44,000 with accumulated depreciation of $24,625. Prepare the entries to record the disposal under each of the following separate assumptions…. 1. The machine is sold for $18,250 cash. 2. The machine is traded in for a newer machine having a $60,200 cash price. A $25,000 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. 3. The machine is traded in for a newer machine having a $60,200 cash price. A $15,000 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. Missing answer ATTACHMENT PREVIEW Download attachment 41493841-324282.jpeg 3.22018 MI-IEReadcr under each of the following separate assumptions- 1. The machine is sold for $18,250 cash. 2. The machine is traded in for a newer machine having a $60,200 cash price. A $25,000 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. 3. The machine is traded in for a newer machine having a $60,200 cash price. A $15,000 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance.

I need help with the Dec 31 entry. Thanks! ATTACHMENT

Question I need help with the Dec 31 entry. Thanks! ATTACHMENT PREVIEW Download attachment Snag_1f39d4a7.png Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $660,000 of 25—year, 12% bonds on May 1 of the current year at face value,, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. Dec. 31 Recorded accrued interest for two months. Journalize the entries to record the above selected transactions for the current year. Mayl w -J Bonds Payable J Nov. 1 Interest Expense J Cash J Dec. 31 Interest Expense 4 X Interest Payable J

I keep coming up with 19,800 for the Dec. 31

Question I keep coming up with 19,800 for the Dec. 31 entry can you please show me what I am doing wrong? Thanks! src=”/qa/attachment/8325619/” alt=”Snag_1f453e29.png” /> ATTACHMENT PREVIEW Download attachment Snag_1f453e29.png Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $660,000 of 25—year, 12% bonds on May 1 of the current year at face value,, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. Dec. 31 Recorded accrued interest for two months. Journalize the entries to record the above selected transactions for the current year. Mayl w -J Bonds Payable J Nov. 1 Interest Expense J Cash J Dec. 31 Interest Expense 4 X Interest Payable J

If you are considering driving to a weekend resort for

Question If you are considering driving to a weekend resort for a quick break from school, what are the differential costs of operating your car for that drive?

What is the difference between traceable costs and common costs?What

Question What is the difference between traceable costs and common costs?What are the four segments of a traditional balanced scorecard?Annapolis Company completes job #601 which has a standard of 510 labor hours at a standard rate of $18.10 per hour. The job was completed in 560 hours and the average actual labor rate was $19.60 per hour. What is the labor rate variance? A negative number indicates a favorable variance and a positive number indicates an unfavorable variance

Annapolis Company completes job #601 which has a standard of

Question Annapolis Company completes job #601 which has a standard of 630 labor hours at a standard rate of $18.80 per hour. The job was completed in 600 hours and the average actual labor rate was $19.40 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.What is the difference between a cost center and a profit center? Give a complete answer that demonstrates what critical element distinguishes the profit center from the cost center.Describe the difference between a centralized and a decentralized management style

Miller toy company manufactures a plastic swimming pool

Get college assignment help at Smashing Essays Question Miller toy company manufactures a plastic swimming pool

MNO Inc., a publicly traded manufacturing firm in the United

Question MNO Inc., a publicly traded manufacturing firm in the United States, has provided the following financial information in its application for a loan. All numbers are in thousands of dollars.     Assets          Liabilities and EquityCash     $20 Accounts payable  $30Accounts receivables $90      Notes payable      $40 Inventory    $90   Accruals  $30 Long-term debt    $150Plant and equipment    $500   Equity (ret. earnings = $300) $450 Total assets   $700  Total liabilities and equity   $700 Also assume sales = $500,000; cost of goods sold = $360,000; and the market value of equity is equal to the book value.1.   What is the Altman discriminant function value for MNO Inc.? Recall that:              Net working capital = Current assets – Current liabilities.              Current assets = Cash Accounts receivable Inventories.               Current liabilities = Accounts payable Accruals Notes payable.              EBIT = Revenues ‑ Cost of goods sold.Altman’s discriminant function is given by: Z = 1.2X1   1.4X2   3.3X3   0.6X4   1.0X5All numbers are in $000s.1.   Based on the Altman’s Z score only, should you approve MNO Inc.’s application to your bank for a $500,000 capital expansion loan?2.   If sales for MNO were $250,000, the market value of equity was only half of book value, and all other values are unchanged, would your credit decision change?

Which of the following is true?a. If using the double-declining-balance

Question Which of the following is true?a. If using the double-declining-balance method, the total amount of depreciation expense during the life of the asset will be the highest.b. If using the units-of-production method, it is possible to depreciate more than depreciable cost (Cost less residual value).c. If using the straight line method, the amount of depreciation expense during the first year is higher than the double-declining-balance.d. Regardless of the depreciation method, the amount of total depreciation expense during the life of the asset will be the same.

The following data is available for Marigold Repair Shop for

Question The following data is available for Marigold Repair Shop for 2019:Repair technicians’ wages $360000Fringe benefits 70000Overhead 50000Total $480000The desired profit margin is $38 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019.Marigold’ labor charge per hour in 2019 would be$96.$124.$134.$110.

Explain whether the auditor can use the internal audit team

Question Explain whether the auditor can use the internal audit team as much as possible, as requested by the CFO of Fancy Apparel Bhd. Justify your answer by providing THREE (3) circumstances need to be considered by auditor

What are the capital budgeting techniques utilized?

Question What are the capital budgeting techniques utilized?

Crane Company has 3,872 pounds of raw materials in its

Question Crane Company has 3,872 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,400 and 5,800 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inventory equal to 22% of next month’s materials requirements.Prepare the direct materials budget for January.

Crane Company classifies its selling and administrative expense budget into

Question Crane Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $27,000 in the first quarter, and $5,550 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $40,310 in each quarter.Prepare the selling and administrative expense budget by quarters and in total for 2020. 1 2 3 4 year

1.Bogart Company is considering two alternatives. Alternative A will have

Question 1.Bogart Company is considering two alternatives. Alternative A will have revenues of $147,200 and costs of $104,300. Alternative B will have revenues of $185,900 and costs of $127,300. Compare Alternative A to Alternative B showing incremental revenues, costs, and net income. (Enter negative amounts using either a negative sign preceding the number e.g. -15 or parentheses e.g. (15).)AlternativeAAlternativeBNet IncomeIncrease (Decrease)Revenues$$$CostsNet Income$$$ Alternative BAlternative A is better than Alternative AAlternative B.2.Manson Industries incurs unit costs of $7 ($4 variable and $3 fixed) in making an assembly part for its finished product. A supplier offers to make 13,400 of the assembly part at $5 per unit. If the offer is accepted, Manson will save all variable costs but no fixed costs. analysis showing the total cost saving, if any, Manson will realize by buying the part. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)MakeBuyNet IncomeIncrease (Decrease)Variable manufacturing costs$$$Fixed manufacturing costsPurchase price   Total annual cost$$$The decision should be to makebuythe part.3.Pine Street Inc. makes unfinished bookcases that it sells for $58.31. Production costs are $37.53 variable and $10.13 fixed. Because it has unused capacity, Pine Street is considering finishing the bookcases and selling them for $73.89. Variable finishing costs are expected to be $6.72 per unit with no increase in fixed costs. an analysis on a per unit basis showing whether Pine Street should sell unfinished or finished bookcases. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Sell UnfinishedProcessFurtherNet IncomeIncrease (Decrease)Sales price per unit$$$Cost per unit   Variable   Fixed      TotalNet income per unit$$$The bookcases should be sold without further processingshould be processed further.4.Bryant Company has a factory machine with a book value of $87,800 and a remaining useful life of 5 years. It can be sold for $32,000. A new machine is available at a cost of $455,100. This machine will have a 5-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $624,400 to $553,500. an analysis showing whether the old machine should be retained or replaced. (In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third column, enter net income increases as positive amounts and decreases as negative amounts. Enter negative amounts using either a negative sign preceding the number e.g. -15 or parentheses e.g. (15).)RetainEquipmentReplaceEquipmentNet IncomeIncrease (Decrease)Variable manufacturing costs$$$New machine costSell old machine    Total$$$The old factory machine should be retainedreplaced.5.Lisah, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $6,900 from sales $200,000, variable costs $176,000, and fixed costs $30,900. If the Big Bart line is eliminated, $20,200 of fixed costs will remain. an analysis showing whether the Big Bart line should be eliminated. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)ContinueEliminateNet IncomeIncrease (Decrease)Sales$$$Variable costsContribution marginFixed costsNet Income / (Loss)$$$The Big Bart product line should be6.Maize Company incurs a cost of $35.42 per unit, of which $19.13 is variable, to make a product that normally sells for $58.28. A foreign wholesaler offers to buy 6,500 units at $30.08 each. Maize will incur additional costs of $3.38 per unit to imprint a logo and to pay for shipping. Compute the increase or decrease in net income Maize will realize by accepting the special order, assuming Maize has sufficient excess operating capacity. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)RejectAcceptNet IncomeIncrease (Decrease)Revenues$$$Costs$Net income$$$Should Maize Company accept the special order?Maize company should RejectAcceptthe special order.7.Wilma Company must decide whether to make or buy some of its components. The costs of producing 67,200 switches for its generators are as follows.Direct materials$31,000Variable overhead$44,900Direct labor$44,484Fixed overhead$79,200Instead of making the switches at an average cost of $2.97 ($199,584 ÷ 67,200), the company has an opportunity to buy the switches at $2.75 per unit. If the company purchases the switches, all the variable costs and one-fourth of the fixed costs will be eliminated.(a)an incremental analysis showing whether the company should buy the switches. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)MakeBuyNet IncomeIncrease (Decrease)Direct materials$$$Direct laborVariable manufacturing costsFixed manufacturing costsPurchase priceTotal cost$$$Wilma Company will incur $of additional costs if it buysmakesthe switches.

A firm’s current ratio is 1.7 and its quick ratio

Question A firm’s current ratio is 1.7 and its quick ratio is 1.0, if it’s current liabilities are 12300, what are its inventories

src=”/qa/attachment/8329353/” alt=”Screenshot 2019-07-05 at 13.47.57.png” /> Attachment 1 Attachment 2

Question src=”/qa/attachment/8329353/” alt=”Screenshot 2019-07-05 at 13.47.57.png” /> Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment Screenshot 2019-07-05 at 13.47.37.png Success Rainbow Pvt Limited (SRL) is engaged in the manufacturing and selling of roofing sheets to both local and export markets. SRL produces three main categories of roofing sheets, namely, . Color up sheet Supreme sheet Normal sheet Out of the three categories of roofing sheets, Supreme has the highest demand due to its durability. The government has announced that from 2020 it is going to ban all manufacturing companies which use

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