Question “Sponsoring Employee Compensation Plans”

Following are the income statement and some additional information for

Question Following are the income statement and some additional information for Carolina Consulting Company.   Carolina Consulting Company Income Statement For the Year Ended December 31, 2018 Net sales       $ 18,000     Cost of goods sold         (3,100 )   Gross margin         14,900     Operating expenses $ 3,600           Depreciation expense   1,700     (5,300 )   Income before taxes         9,600     Income taxes         (3,200 )   Net income       $ 6,400        All sales were on credit and accounts receivable decreased by $1,060 in 2018 compared to 2017. Merchandise purchases were on credit with a decrease in accounts payable of $860 during the year. Ending inventory was $660 larger than beginning inventory. Income taxes payable increased $460 during the year. All operating expenses were paid for in cash.   Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)  

A private college receives the following pledges of support.As part

Question A private college receives the following pledges of support.As part of its annual fund drive, alumni and friends of the college pledge $8 million. The college estimates that about 15 percent of the pledges will prove uncollectible.A CPA firm promises to establish an endowed chair in the accounting department by donating $500,000. The chair agreement will provide that the funds be used to purchase investment grade securities and that the income from the securities be used to supplement the salary of the chair holder and support his or her academic activities.A private foundation promises to donate $100,000 to be used to support a major revision of the college’s accounting curriculum.An alumnus pledges $25,000 to the college’s loan fund, which is used to make loans to students requiring financial assistance.The college is seeking support for construction of a new athletic fieldhouse. A local real estate investor promises to donate 10 acres of land on which a fieldhouse could be built if the college is able to raise the funds required to construct the building. The land has a market value of $1 million.Indicate the category of net assets (with donor restrictions or without donor restrictions) in which each of the contributions should be recorded and the amount of revenue, if any, that should be recognized when the pledge was made. Briefly explain your response.

1, All journal entries for the items , please how

Question 1, All journal entries for the items , please how the detailed computation（explanations）Ignore tax effects.Especially， b((2/1) what is the common stock outstanding 250,000(2500,00010）(2015 beginning) -15000(T/S)-5000(1/s T/S) =23000， 230001%$24=5520? e(8/1)? f(10/1) ?outstanding common stock=235000(250,000-15,000)2015 beginning -5000(2/1) 2000(7/1) 80003(converted common stock ),is that right? i(12/31)?2, The 12/31/15 Stockholders’ Equity section (please show me detailed number computation) ATTACHMENT PREVIEW Download attachment hw.jpg At the beginning of 2015, Tyler Corporation had the following stockholders’ equity balances in its general ledger: Common Stock, $10 Par Value $2,500,000 Paid-In Capital in Excess of Par 1,500,000 Paid-In Capital, Treasury Stock 450,000 Paid-In Capital, Stock Options 200,000 Retained Earnings 5,000,000 Treasury Stock (15,000 shares) [300,000] Total Stockholders’ Equity $9,350,000 The paid-in capital from stock options relates to options granted on 1i’1f07 to the CEO as incentive compensation. As of 1i’1I15, the remaining expected benefit period is four years; expense has been and will be recorded evenly over the benefit period. The following events were among the many occurring in 2015: a. January 2: Purchased 5,000 shares of its common stock for $16 per share. Taylor uses the cost method of accounting for treasury stock transactions. February 1: Declared and distributed a 1% stock dividend on common stock outstanding when the market price of the stock was $24 per share. April 1: Issued 20,000 shares of $50 par, noncumulative, convertible 6% preferred stock for $60 per share, where one share of preferred stock is convertible into three shares of common stock. July 1: 2,000 shares of treasury stock that had been purchased in a prior year for $21 per share were re-issued for $22 per share. August 1: Holders of 8,000 shares of the preferred stock converted their shares into common stock when the market value of the common stock was $22 per share. Taylor uses the book value method of accounting for conversions. October 1: Declared and paid a cash dividend of $2 per share on the outstanding common stock. November 1: Corrected an error that was made several years ago, when land that had been purchased for $100,000 was inadvertently expensed. December 1: Declared and distributed a property dividend of land to preferred shareholders. The land had a fair value of $75,000 and a carrying value of $60,000. December 31: Recorded 2017 compensation expense related to the stock options. The 2015 Final Net Income, including the effects of any net income items listed above (and the 2015 tax effects on net income items), was $1,000,000. There were 500,000 shares authorized for both preferred and common stock.

This question was created from CVP Class 1 and 2

Question This question was created from CVP Class 1 and 2 for students.pdf https://www..com/file/34947210/CVP-Class-1-and-2-for-studentspdf/ 2. Assessment Brief 2.1. Case Study – EASYFLIGHT PLC Your role You have just completed your MSc Management and joined Expert Consultancy as a trainee management consultant. You have been assigned to Easyflight plc and have been asked by your manager to produce a business report that will ultimately go forward to the board of directors. Task business report for your manager providing analysis and business advice following the requirements below. Format: business report with headings, sub-headings and paragraphs 1 mark Executive summary – key highlights/findings drawn from each task within the report 4 marks Note no introduction is required. No marks will be awarded for an introduction. Part 1: Business Performance Analysis You will need to calculate and use appropriate ratios in your analysis for the sections required below: 1.1. Statement of Profit or Loss Analyse and comment on the financial performance of Easyflight plc using all relevant information from exhibit 1. Your analysis should critically evaluate the lines of the Statement of Profit or Loss. You do not need to include a review of the segmental analysis in this section. 20 marks 1.2. Statement of Financial Position Analyse and comment on the financial position of Easyflight plc using all relevant information from exhibit 1. Your analysis should critically evaluate the lines of the Statement of Financial Position. 20 marks 1.3. Statement of Cash Flows Use the Statement of Cash Flows (exhibit 1) and identify what has happened to the cash position of Easyflight during 2018. Calculate and explain Easyflight plc’s Operating Cash Cycle (OCC) for 2018 and 2017. Critically evaluate the company’s 2018 dividend policy and explain whether you think Easyflight was right to make this dividend payment in 2018 or not. 10 marks 1.4. Market Segment Analysis Use exhibit 2 to compare and contrast the financial performance of the different segments of Easyflight business in 2018 with the rest of the company. Then, to assist the board with 5 their decision-making, recommend pricing and operating costs strategy for the different segments based on your findings. 10 marks Part 2: Investment Appraisal Critically evaluate the investment appraisal information (exhibit 3) supplied by the Financial Director. Your evaluation should challenge the management forecast in the first part of your answer. Then, in the context of Easyflight plc, critically evaluate the following investment appraisal techniques considering the benefits and limitations of each technique. You need to give a clear assessment as to whether the company was right to proceed based on the results of each appraisal technique. Use the following sub-headings to structure your answer: 2.1.a Management Forecast 2.1.b Investment Appraisal Techniques – Payback period – Accounting Rate Of Return – Net Present Value 20 marks 2.2. Sources of Finance Easyflight plc is considering a further investment, this time in an airport retail business of £2,000m from 2019. Advise the Board of Directors on the benefits and drawbacks of two alternative sources of finance for this further investment, including an assessment of their appropriateness in this case. 10 marks 2.3. Non-Financial Factors Advise the board of directors on other non-financial factors that they should consider regarding an expansion into airport retail. Your answer should be specific to Easyflight plc. 5 marks Total 100 marks To assist you with this task you have been supplied with the following information: • Exhibit 1: Extracts from Easyflight plc’s Financial Statements for 2018, including the Statement of Profit or Loss, Statement of Financial Position, Statement of Cash flows and Statement of Changes in Equity. • Exhibit 2: Segmental analysis of Easyflight plc’s performance by geographical market. • Exhibit 3: Investment Appraisal – France acquisition from 2017 onwards. 6 Exhibit 1: Extracts from Easyflight plc Annual Report for 2018 Chairman’s Statement Over the past 20 years Easyflight plc has built the UK’s leading short-haul airline delivering market-leading returns to our shareholders. Our primary geographical segments based out of England and Scotland have continued to go from strength to strength, delivering a friendly, efficient service with low fares for our customers who benefit from our network of primary airports, routes and slots to make travel easy and affordable. From this strong platform during 2017 and 2018 we made significant investment in France acquiring the assets (land, buildings and equipment) of a small local airline. This acquisition was a major strategic step. We are pleased with this year’s results, particularly in this time of political change with its potential impact on currencies, which is significant for a business like ours, where the majority of our revenue comes in as sterling but most of the costs go out in euros. Business Strategy We are committed to finding new ways to make travel easy and affordable, while growing our business, increasing our profitability and creating long-term value for our shareholders. To achieve these objectives, we align our efforts around the following growth strategies: • Grow our presence in existing markets; • Become Europe’s preferred short-haul airline; • Continue to leverage our scale and market positions to enhance profitability • Pursue a disciplined development strategy. Financial Director’s Review France investment Our investment in France over the last two years has amounted to £3,000m including costs of purchase. These assets are included in our non-current assets. Initial results have proved challenging. We experienced a setback in acquiring all of the targeted facilities, which despite forecast for completion during 2017, were delayed in part until 2018. We did however manage to complete most of our conveyancing and associated legal work during 2017. Sources of Revenue and Cost Structure We are a primarily a service industry, yet we sell gifts, food, beverages and other items, so we hold inventories of such goods. We also hold inventories of fuel and that also forms a key element of our cost of sales. Revenue comprises seat revenue, being the value of airline services (net of air passenger duty and similar charges, VAT and discounts), and non-seat revenue (sales of in-flight products and services). Seat revenue arises from the sale of flight seats, including the provision of checked baggage, allocated seating, administration, credit card and change fees. Seat revenue is recognised 7 when the service is provided, and generally when the flight takes place, but in the following cases, this is at the time of booking: – administration and credit card fees as they are contractually non-refundable; and – change fees as the service provided allows customers to change bookings. Other Comments We have had to increase our administration and credit card fees this year to keep pace with banking charges to us. We have also pushed the benefit of the ‘change-bookings’ service, as we have seen this is increasingly popular. Airport fees have suffered an increase in England due to a rise in airport rates that has been passed on to the airlines. ATTACHMENT PREVIEW Download attachment 34947210-337732.jpeg

Sandhill Corporation issued 2,900, 6%, 5-year, $1,000 bonds dated January

Question Sandhill Corporation issued 2,900, 6%, 5-year, $1,000 bonds dated January 1, 2020, at 100. Interest is paid each January 1.(a)Prepare the journal entry to record the sale of these bonds on January 1, 2020.

Crane Company leases a new building from Noble Construction, Inc.

Question Crane Company leases a new building from Noble Construction, Inc. The present value of the lease payments is $575,000. The lease is a finance lease. Prepare the journal entry that the lessee should make to record this transactions.

Presented below are long-term liability items for Ivanhoe Company at

Question Presented below are long-term liability items for Ivanhoe Company at December 31, 2020.Bonds payable, due 2022$625,000Lease liability80,000Notes payable, due 202590,000Discount on bonds payable34,375Prepare the long-term liabilities section of the balance sheet for Ivanhoe Company.

Blossom Airlines is considering two alternatives for the financing of

Question Blossom Airlines is considering two alternatives for the financing of a purchase of a fleet of airplanes. These two alternatives are:1.Issue 75,000 shares of common stock at $30 per share. (Cash dividends have not been paid nor is the payment of any contemplated.)2.Issue 6%, 10-year bonds at face value for $2,250,000.It is estimated that the company will earn $700,000 before interest and taxes as a result of this purchase. The company has an estimated tax rate of 30% and has 100,000 shares of common stock outstanding prior to the new financing.Determine the effect on net income and earnings per share for these two methods of financing.

On January 2, 2018, Tylor Company issued a 4-year, $550,000

Question On January 2, 2018, Tylor Company issued a 4-year, $550,000 note at 8% fixed interest, interest payable semiannually. Tylor now wants to change the note to a variable rate note. As a result, on January 2, 2018, Tylor Company enters into an interest rate swap where it agrees to receive 8% fixed and pay LIBOR of 5.7% for the first 6 months on $550,000. At each 6-month period, the variable interest rate will be reset. The variable rate is reset to 6.5% on June 30, 2018.Compute the net interest expense to be reported for this note and related swap transaction as of June 30, 2018.Net interest expense$LINK TO TEXTCompute the net interest expense to be reported for this note and related swap transaction as of December 31, 2018.Net interest expense$

A furniture manufacturer predicts that they will sell 12,000 of

Question A furniture manufacturer predicts that they will sell 12,000 of product A and 8,000 of product B in the next financial period. They prepare their budget accordingly.At the end of the financial period the actual figures are 15,000 for product A and 7,000 for product B. Costs are assigned and the wholesale margin on product A is calculated to be $450 and on product B it is $350.Calculate the predicted and the actual sales mix, the variances that need to be examined and their impact.

please help to answer this I am confused Attachment 1

Question please help to answer this I am confused Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-26 at 4.46.08 PM.png Indicate whether each of the following accounts increase with a debit or credit. Stock Investments A. Debit Common Stock B. Credit Notes Payable Interest Payable Commission Revenue Wages Expense Interest Expense Supplies Used Retained Earnings – Prepaid Insurance ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-26 at 4.46.14 PM.png Match each of the following to the financial statement on which they would be found. (You may not use all answers) Accounts Receivable A. Balance Sheet Utilities Expense B. Income Statement Dividends C. Statement of Stockholders’ Equity Cash Received From Customers D. Statement of Cash Flows E. Both A and C Retained Earnings F. Both A and B Depreciation Expense G. All of the listed financial statements Cash paid for inventory Buildings and Equipment Income Taxes Payable – Interest Revenue

As a manager, you meet with each of your team

Question As a manager, you meet with each of your team members quarterly to review their progress toward their written and agreed-upon goals. One of your employees, Claire, had a goal of increasing sales in her territory by 10% in the first quarter of the year. However, when you review Claire’s sales numbers, you see that her sales have actually gone down. You know that Claire is a hard worker and has an excellent relationship with her customers. When you sit down to discuss Claire’s performance, she explains what is happening in her territory. A major automobile manufacturer, which once provided 25,000 jobs, has moved its operations to Mexico and laid off all 25,000 of its workers. As a result, the economy in Claire’s region has become quite depressed, and the residents are living off their savings. Taking the steps of the planning/control cycle into account, what is your best course of action with Claire?

In 2018, Nitai (age 40) contributes 8 percent of his

Question In 2018, Nitai (age 40) contributes 8 percent of his $134,000 annual salary to a Roth 401(k) account sponsored by his employer, AY Inc. AY Inc. matches employee contributions to the employee’s traditional 401(k) account dollar-for-dollar up to 8 percent of the employee’s salary. Nitai expects to earn a 5 percent before-tax rate of return.   Assume he leaves the contributions in the Roth 401(k) and traditional 401(k) accounts until he retires in 20 years and that he makes no additional contributions to either account. What are Nitai’s after-tax proceeds from the Roth 401(k) and traditional 401(k) accounts after he receives the distributions, assuming his marginal tax rate at retirement is 30 percent? (Use Table 3, Table 4.)

Image Solutions operates a printing service for customers with digital

Question Image Solutions operates a printing service for customers with digital cameras. The current service, which requires employees to download photos from customer cameras, has monthly operating costs of $7,000 plus $0.30 per photo printed. Management is evaluating the desirability of acquiring a machine that will allow customers to download and make prints without employee assistance. If the machine is acquired, the monthly fixed costs will increase to $13,000 and the variable costs of printing a photo will decline to $0.05 per photo. Determine the monthly volume at which the proposed process becomes preferable to the current process. 

What is a business combination? Why would an owner want

Question What is a business combination? Why would an owner want a business combination?

Hi could I please have help with question and steps

Question Hi could I please have help with question and steps as to how you conclude the answers? Thank you /> Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-26 at 6.23.25 PM.png *Problem 8-35A (Part Level Submission) The Daniels Tool a Die Corporation hm been In existence for a little over three years. The company’s salfi have been Increasing each year as it builds a reputation. The company manufactures dies to Its customers’ specifications and therefore uses a job-order cost system. Factory overhead is applied to the jobs based on direct labour hours—the absorption-costing (full) method. Overapplled or underappiled overhead is treated as an adjustment to Cost of Goods Sold. The company’s income statemenm and other data for the last two years are as follows: DANIEIS TOOL 0t DIE CORPORATION 2015-2016 Comparative Income Statements Sales $832,500 $1,015,600 Cost of goods sold Finished goods, January 1 24,700 17,700 Cost of goods manufactured 542,700 650,800 Total available 567,400 668,500 Finished goods, December 31 17,700 13,000 Cost of goods sold before overhead adjustment 549,700 655,500 Undelapplied factory overhead 35,200 14,100 Cost of goods sold 584,900 669,600 Gross profit 247,600 346,000 Selling expenses 81,200 94,000 Administrative expenses 69,400 74,800 Total operating expenses 150,600 Opelating income Da ‘els Tool I. Corpora ‘on Inventory Balances 97 000 Raw material $21,800 $30,000 $10,800 Work In process $40,900 $47,200 $63,100 Dlrect labour hours (used In WIP) 1,370 1,590 2,020 Finished goods $24,700 $17,700 $13,000 Dlrect labour hours (used In FG) 1,490 1,000 820 Daniels used the same predetermined overhead late In applying overhead to its production orders In both 2015 and 2016. The rate was based on the following estimates: Fixed factory overhead $24,930 Variable factory overhead $154,566 Dlrect labour hours (used In WIP) 24,930 Direct labour costs (used in F6) $149,500 In 2015 and 2016, the actual direct labour hours used were 20,700 and 23,500, respectively. Raw materials put Into production were $291,300 In 2015 and $370,500 in 2016. The actual fixed overhead was $43,000 for 2015 and $23,600 for 2016, and the planned direct labour rate was the direct labour achieved. For both years, all of the administrative costs were fixed. The variable portion ofthe selling expenses results from a 5% commission that is paid as a percentage of the sales revenue. ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-26 at 6.23.35 PM.png *(a) For the year ended December 31, 2016, prepare a revised income statement for Daniels Tool

Mining divisionMetals divisionTransfer price from mining division-$ 77Direct material$1910Direct labour1530Manufacturing

Question  Mining divisionMetals divisionTransfer price from mining division-$ 77Direct material$1910Direct labour1530Manufacturing overhead  36*  35†Total cost per unit$70$152* Manufacturing overhead cost in the mining division is 25 per cent fixed and 75 per cent variable.† Manufacturing overhead cost in the metals division is 60 per cent fixed and 40 per cent variable.Required:

Hello, could you help me with this review question and

Question Hello, could you help me with this review question and explain how you got the answers. Thank you. ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-26 at 6.34.32 PM.png When Waterways’ management met to review the year-end financial statements, the room was filled with excitement. Sales had been exceptional during the year and every department had exceeded the budget and last year’s sales totals. Several years ago Waterways had implemented a bonus system based on percentage of sales over budget, and the managers were expecting healthy cheques at the end of the year. Yet the plant manager, Ryan Smith, was stunned into silence when he read the bottom line on the income statement for manufacturing operations. It was showing a loss! He immediately approached the CFO asking for an explanation. Ryan wondered,

Refer to the following financial statements for Crosby Corporation: alt=”1Capture.PNG”

Question Refer to the following financial statements for Crosby Corporation:   alt=”1Capture.PNG” />Sales for 20X2 were $315,000, and the cost of goods sold was 55 percent of sales. Selling and administrative expense was $31,500. Depreciation expense was 12 percent of plant and equipment (gross) at the beginning of the year. Interest expense for the notes payable was 8 percent, while the interest rate on the bonds payable was 16 percent. This interest expense is based on December 31, 20X1 balances. The tax rate averaged 40 percent. $3,900 in preferred stock dividends were paid, and $5,676 in dividends were paid to common stockholders. There were 10,000 shares of common stock outstanding. During 20X2, the cash balance and prepaid expenses balances were unchanged. Accounts receivable and inventory increased by 8 percent. A new machine was purchased on December 31, 20X2, at a cost of $54,000. Accounts payable increased by 35 percent. Notes payable increased by $7,900 and bonds payable decreased by $19,500, both at the end of the year. The preferred stock, common stock, and capital paid in excess of par accounts did not change.a. Prepare the income statement for 20X2. (Round EPS answer to 2 decimal places.) b. Prepare the statement of retained earnings for 20X2.c. Prepare the balance sheet as of December 31, 20X2. (Amounts to be deducted should be indicated with parentheses or a minus sign.)Thank you! Attachment 1 Attachment 2 Attachment 3 Attachment 4 ATTACHMENT PREVIEW Download attachment 1aCapture.PNG ATTACHMENT PREVIEW Download attachment 1BCapture.PNG ATTACHMENT PREVIEW Download attachment 1Capture.PNG ATTACHMENT PREVIEW Download attachment 1CCapture.PNG

Hello Iam having some trouble on my accounting 422 wileyplus

Question Hello Iam having some trouble on my accounting 422 wileyplus homework problems and I have redid the work 4 times thinking I was just getting the numbers wrong but I am just not sure. I needed to find the amount of the company’s inventory and before looking too closely I just used cost times quantity but then realized this company uses lower of cost or market so then I did the quantity times the cost to replace which I thought was correct but it wasn’t so Iam rereading the chapter and thought I would ask for help.

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