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Chevron 2014 case

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What would have been the book value of Chevron’s inventories at the end of fiscal years 2014 and 2013 had Chevron used FIFO as their cost flow assumption for all their inventories?

On April 1, 2017, Jiro Nozimi created a new travel

Question On April 1, 2017, Jiro Nozimi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month

What are the main reasons for the development of accounting

Question What are the main reasons for the development of accounting regulations?

Payne Ltd. has two divisions. The Compound Division makes QZ54,

Question Payne Ltd. has two divisions. The Compound Division makes QZ54, an industrial compound, which is then transferred to the Processing Division. The Processing Division further processes the QZ54 and sells the final product to customers at $87/kg. Capacity in the Compound Division is 800,000 kg. QZ54 can be obtained on the external market at $50/kg. Data regarding the costs per kilogram in each division are presented below:  Compound Processing Division DivisionDirect Material $8 $6Direct Labour $12 $12Manufactuiring Overhead $28 $18*In the Compound Division the variable overhead is 80% of the total, and in Processing variable overhead represents 65% of the total. Fixed overhead rates are based on capacity of 800,000 kg. in each division. In addition to the manufacturing costs, the Compound Division would incur $2 per kilogram of selling costs which would be avoided on internal transfers. Similarly, the Processing Division would avoid $3/kg. of ordering costs on internal purchases.Required: a. Calculate the operating incomes for each division assuming 800,000 kg. of QZ54 are transferred and the company uses a market transfer price. b. Calculate the operating incomes for each division assuming 800,000 kg. of QZ54 are transferred and the company uses a transfer pricing policy based on 125% of absorption manufacturing cost. c. Comment on your calculations in a and b in terms of the respective division managers preferences. d. Should the company transfer its 800,000 kg.  assuming the Compound Division can sell all of its output on the external market?

Emmett Engineering Inc. entered into a lease with Lisa’s Leasing

Question Emmett Engineering Inc. entered into a lease with Lisa’s Leasing Ltd. to lease some highly specialized equipment that has a fair value of $900,000. The expected useful life of the equipment is 15 years, after which time the equipment is expected to be obsolete. The lease began on March 1, 2018, and is for twelve years. Annual lease payments are $100,000, payable on March 1 of each lease year. The equipment is expected to have a fair value of $216,825 at the end of the lease. This value has not been guaranteed by Emmett Engineering Inc.After the initial term of the lease, Emmett has the option of renewing the lease on a year by year basis for $2,500 per year for as long as Emmett wishes. Since the equipment will be obsolete by that time, this is considered to be a fair rental for equipment of that age. Emmett’s incremental borrowing rate is 6%. The implicit rate of the lease is 8%, but this rate is not known to Emmett. Lisa’s Leasing Inc. considers the risk of default by Emmett to be low and anticipates no unrecoverable costs. Emmett will amortize the equipment on a straight-line basis.Required:a)Prepare the journal entries relating to the lease for Emmett Engineering Inc. for 2018, including all adjusting entries at the company’s year-end.b)What amounts will be shown on Emmett Engineering Inc.’s statement of financial position as at December 31, 2018, as a result of this lease? Show separately the current and non-current portions of the lease obligation.c)Determine the classification of the lease by Lisa’s Leasing Ltd. Evaluate all relevant considerations.d)Prepare the journal entries relating to the lease for Lisa’s Leasing Ltd. for 2018, including all adjusting entries at the company’s year-end.e)What amounts will be shown on Lisa Leasing Ltd.’s statement of financial position as at December 31, 2018, as a result of this lease? Show separately the current and non-current portions of the lease receivable.

Answer 3 questions, have calculation questions, short essay (about 200 words).A case

Answer 3 questions, have calculation questions, short essay (about 200 words).A case will appear, and the case needs to be analyzed, from an auditing perspective.

Discuss how you view the use of emerging accounting technology

Question Discuss how you view the use of emerging accounting technology ( for instance, blockchain, data analytics tools, cryptocurrency, etc.) in your own accounting career or in the accounting career.

Please help to provide answer for required questions below. Attachment

Question Please help to provide answer for required questions below. Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-04 at 10.50.37 AM.png m Company reported the following information for the year 2018: lam Company Income Statement For the Period Ended December 31, 2018 Sales $636,000 Cost of Goods Sold 240,000 Gross Plrefit 396,000 Office Expenses 242,000 Depreciation Expense m Income from Operations 145,000 Interest Expense 0 Income before Income Tax 145,000 Income tax expense 120,000 Net Income $25,000 2am Company Comparative Balance Sheets December 31, ZBXX M M Assets: Cash and cash equivalents $84,000 $48,700 Accounts Receivable 53,600 50,000 Inventory 39,600 39,000 Prepaid Expenses 5,500 15,000 Equipment 206,000 200,000 Accumulated Depreciation – Equipment 1 126,100) g 1 17,700) Total assets $262,000 $235,000 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-04 at 10.50.45 AM.png Liabilities: Accounts Payable $48,000 $49,000 Accrued Liabilities 44,000 42,000 Stockholders’ Equity: Common Stock 10,000 9,000 Retained Earnings 160,000 135,000 Total Liabilities

The Gorman Group issued $900,000 of 13% bonds and mature

Question The Gorman Group issued $900,000 of 13% bonds and mature on June 30, 2028 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30.1. Prepare the journal entry to record their issuance by The Gorman group on June 30, 2018.2.Prepare the journal entry to record interest on December 21, 2018 (at the effective rate).3. Prepare the journal entry to record interest on June 30, 2019 (at the effective rate).

video summary, there are three (3) primary inventory costing methods used by companies: LIFO, FIFO, and Weighted Average.

Part 1: Post a ResponseView this short introduction to the discussion.Click here to watch the videoPer the video summary, there are three (3) primary inventory costing methods used by companies: LIFO, FIFO, and Weighted Average. With each method comes a number of pros and cons that a company must consider when implementing its inventory management strategy. Select a company below and discuss the advantages associated with its chosen inventory costing method.Target – Uses LIFOAmazon – Uses FIFOFedEx – Uses Weighted AverageReview ArticleReview ArticleReview ArticlePart 2: Respond to a PeerRead a post by one of your peers and respond, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections.

1.Assume you are a banker evaluating a loan request from

Get college assignment help at Smashing Essays Question 1.Assume you are a banker evaluating a loan request from Michael Hill International Ltd for $50 million. What would be your concerns when making a decision regarding approval or denial of the loan request? Justify.(10 marks) 2.Evaluate Fisher

Hello I need help calculating a variety of things :

Question Hello I need help calculating a variety of things : 1.     What is the contribution margin per unit of your product? 2.     What is the contribution margin ratio? 3.     What are the total fixed costs? 4.     What is the sales volume at the breakeven point? 5.     What is the sales revenue in dollars at the breakeven point? 6.     What is the sales volume in units required to reach your financial goal? 7.     What is the sales revenue in dollars required to reach your financial goal? I have the data too that is self generated if needed, formulas would be a great help to start though

Kingbird, Inc.’s bank statement from Main Street Bank at August

Question Kingbird, Inc.’s bank statement from Main Street Bank at August 31, 2017, gives the following information.Balance, August 1$18,500 Bank debit memorandum:August deposits71,100Safety deposit box fee$ 35Checks cleared in August68,668Service charge60Bank credit memorandum:Balance, August 3120,892  Interest earned55A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,800; receipts $74,100; disbursements $73,560; and balance, August 31, $19,340. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,810 and outstanding checks of $4,510. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40.

This question was created from Case Analysis-Better World Books https://www.coursehero.com/file/16740170/Case-Analysis-Better-World-Books/

Question This question was created from Case Analysis-Better World Books https://www..com/file/16740170/Case-Analysis-Better-World-Books/ Engine Central had the following sales transactions in December: Dec 04 . Sold $8,300 of merchandise on account to Mo’s Motors, terms 2/15, net 30. Cost $4,150. Dec 07 Mo returned $1,800 of merchandise to Engine Central because he changed his mind and wanted to order a different type of engine from overseas. Cost $900. Dec 16 Mo paid the balance owing to Engine Central. A Prepare the journal entries to record the sales transactions on the books of Engine Central using a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.) Put Account Tiles: Debit : Credit Dec 04 Dec 07 Dec 16 ATTACHMENT PREVIEW Download attachment 16740170-333074.jpeg

Your answer is incorrect. Try again. The following are financial

Question Your answer is incorrect. Try again.  The following are financial statements of Blue Spruce Corp..Blue Spruce Corp.Income StatementFor the Year Ended December 31, 2017Net sales$2,236,800Cost of goods sold1,028,600Selling and administrative expenses918,600Interest expense88,300Income tax expense70,210Net income$ 131,090Blue Spruce Corp.Balance SheetDecember 31, 2017AssetsCurrent assets  Cash$ 78,400  Debt investments85,210  Accounts receivable (net)189,600  Inventory162,400   Total current assets515,610Plant assets (net)591,500Total assets$ 1,107,110Liabilities and Stockholders’ EquityCurrent liabilities  Accounts payable$ 178,300  Income taxes payable36,710   Total current liabilities215,010Bonds payable219,800   Total liabilities434,810Stockholders’ equity  Common stock366,200  Retained earnings306,100   Total stockholders’ equity672,300Total liabilities and stockholders’ equity$1,107,110Additional information: The net cash provided by operating activities for 2017 was $209,100. The cash used for capital expenditures was $108,200. The cash used for dividends was $32,210. The weighted-average number of shares outstanding during the year was 50,000.(a)Compute the following values and ratios for 2017. (We provide the results from 2016 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)(i)Working capital. (2016: $160,500)(ii)Current ratio. (2016: 1.65:1)(iii)Free cash flow. (2016: $48,700)(iv)Debt to assets ratio. (2016: 31%)(v)Earnings per share. (2016: $3.15)

This question was created from Chevron 2014 case.pdf https://www.coursehero.com/file/28963610/Chevron-2014-casepdf/ tps://www.coursehero.com/file/28963610/Chevron-2014-casepdf/

Question This question was created from Chevron 2014 case.pdf https://www..com/file/28963610/Chevron-2014-casepdf/ tps://www.coursehero.com/file/28963610/Chevron-2014-casepdf/ ATTACHMENT PREVIEW Download attachment 28963610-333077.jpeg 1. What was the book value of Chevron’s inventories at the end of fiscal years 2014 and 2013?

how can the auditor verify whether they are being taken

Question how can the auditor verify whether they are being taken in accordance with company policy?

How do you differentiate between accounts receivables and notes receivables?

Question How do you differentiate between accounts receivables and notes receivables?

Discuss with examples the two methods of inventory control. Which

Question Discuss with examples the two methods of inventory control. Which method do you think is better for a retail store with several items of small value?

This question was created from BUS3110 Comprehensive Problem.docx https://www.coursehero.com/file/35922825/BUS3110-Comprehensive-Problemdocx/ I

Question This question was created from BUS3110 Comprehensive Problem.docx https://www..com/file/35922825/BUS3110-Comprehensive-Problemdocx/ I need this project completed for Fiscal year 2017 instead of 2015. ATTACHMENT PREVIEW Download attachment 35922825-333097.jpeg COMPREHENSIVE PROBLEM-TARGET CORP. Annual Report Project for Target Corporation ( FY 2015) Use the Target Corporation’s Form 10-K to complete the case. You will be working with Target’s FY 2015 (year ended January 30, 2016) and FY 2014 Reports. Target’s Form 10-K is available on the company’s website or through the SEC’s EDGAR database. Appendix A in your text provides instructions for using the EDGAR database.

I need answers to NR 533 week 4 Staffing budgets/ftes/variance

Question I need answers to NR 533 week 4 Staffing budgets/ftes/variance analysis assignment

 
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