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You are the accountant for a company that owns a

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Question You are the accountant for a company that owns a chain of 14 style=”color:rgb(0,0,0);”> fast food restaurants in a state which adjusts the minimum wage for inflation. Each restaurant employs 45 workers, each averaging 20 hours per week at the current federal minimum wage, $7.25 per hour.At the current rate of $7.25 per hour, what is the amount (in $) of the weekly “minimum wage” portion of the restaurant’s payroll?If the inflation rate this year is 0.9%, calculate the “adjusted” minimum wage rate (in $ per hour) to be paid next year. (Round your answer to two decimal places.)How much in “additional wages” will the company have to pay out next year at the adjusted rate (in $)? (Round your answer to the nearest dollar.)

. Do a cash flow forecast for the next 6

Question . Do a cash flow forecast for the next 6 months style=”color:rgb(51,51,51);”>.does he need to reuse the line of credit that the bank has set up for him? if he does, how much? and if he does not , why he ran out of cash the previous year?The line of credit is : $25,000  and he used it for three moths ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 5.10.25 PM.png Viggio Estimates for Next Year January February March April May June TOTAL Sales $73,305 $58,644 $58,644 $87,966 $97,740 $112,401 $488,700 Monthly Purchases $46,182 $36,946 $36,946 $55,419 $61,576 $70,813 $307,881 Mortgage payment $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $60,000 Rent for storage area $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $12,000 Utilities $2,000 $2,200 $1,800 $1,500 $2,000 $2,300 $11,800 Marketing $2,500 $2,100 $2,000 $2,200 $3,000 $2,500 $14,300 Insurance $700 $700 $700 $700 $700 $700 $4,200 Salaries and Benefits $5,000 $5,600 $5,000 $5,600 $6,400 $6,900 $34,500 Internet Website Maintenance $500 $500 $500 $500 $500 $500 $3,000 Repairs and Maintenance $500 $500 $500 $500 $500 $500 $3,000 Travel $1,800 $800 $1,500 $1,000 $800 $800 $6,700 Supplies $400 $400 $400 $400 $400 $400 $2,400 Loan Payments $2,275 $2,275 $2,275 $2,275 $2,275 $2,275 $13,650 Tax Payments $500 $560 $500 $560 $640 $690 $3,450 Annual Tax Payment $35,000 $35,000 Misc. $300 $300 $300 $300 $300 $300 $1,800Read more

Need help with these Practice Questions1.Logan’s Bike Shop is putting

Question Need help with these Practice Questions1.Logan’s Bike Shop is putting together cost information to build 25 new bicycles. The variable costs would include:A) Manager’s WagesB) Depreciation on the air pumpC) Bicycle tires2.Computer Company miscalculated their contribution margin on their computers. They had calculated their margin at $40 per unit, but after review, it should be $30 per unit. If they sell 500 units at $90 each, how much more (less) per unit do they have to go towards their fixed costs and profit?A) $40 less per unitB) $10 more per unitC) $10 less per unit3.When using the profit equation we always need _______________ , _______________ and _______________ to calculate net profit.Fill in answers: (Vendor list, break even point, selling price) , (variable expenses, Unit Size, interest expense) and (depreciation schedule, tax rate, fixed expenses)4.Shannon is trying to figure out her contribution margin ratio on each loaf of bread her company sells. She checked in with purchasing, and found out that the variable costs per loaf total $5 and they are currently being sold for $6.50.A) 77%B) 23%C) 30%5.As a manager, one good way to keep your contribution margin high on the products you sell may be toA) threaten your vendor if they try to raise the prices.B) immediately take production overseas to reduce your costs.C) keep seeking competitive bids on your components6.An increase in the cost of rent can be offset by:A) working to reduce other fixed expenses such as utilities and telephone.B) immediately raise prices to cover the increase.C) immediately move to a cheaper facility.7. Your vendor calls you and unfortunately the cost of a small component in your product has increased in cost substantially! If you have budgeted to sell 1000 widgets at $5 each, and your variable cost per widget has gone from $2 each to $2.50 each, how much will your total contribution margin change due to this increase?A) $250 lowerB) $500 lowerC) $500 higher8.When two components of the CVP change at the same time it will:A) Be a negative change for the company since changes in costs always constitute a lower net profitB) be a positive or negative situation for the company depending on the direction of the change.C) Net profit will be unaffected since two changes are happening at the same time.9.A 10% increase in sales and a 20% increase in fixed costs will:A) Always constitute a lower net profit, or even a loss, since the expenses increased more than the sales.B) Always constitute a higher net profit since 10% of sale will always be more of an increase than the 20% increase in fixed costs.C) Create either a higher or lower net profit, since the two increases are not proportional.10.If a company is selling 100 items for $10 each, and variable costs of $5 per item, how much can their fixed expenses be for them to break even?A) $499B) $501C) $50011.Using the formula method, if fixed expenses are $5,000 and the contribution margin per item sold is $90, how many items need to be sold to break-even?A) There is not enough information to calculate the break-even point.B) 56C) 100 items.12.Mike’s Bikes has asked you to figure out how many bikes they need to sell and what their total sales in dollars would be to show a net profit of $5,000. They sell each bike for $100, with $40 in variable expenses per bike. Mike’s fixed expenses per month are $3,500. Mike would need to sell _______________ bikes for a total sales of ________________ to meet his net target profit.Fill in answers (85, 142 59 Bikes) , ($5,833, $8,500, $14,200 in sales)13.Knowing the current margin of safety is important when we are planning our budget because:A) Knowing what sales we anticipate, but also where our break-even point is can help with planningB) If our margin of safety is too high, we can adjust our budget for marketing.C) If our margin of safety is too low, we can eliminate that product line.14.The contribution margin is important when determining a proper sales mix because:A) The contribution margin is the amount of available to help cover the fixed cost of a company, so a higher CM product should be manufactured first.B) Contribution margin are the same for all of the products manufactured, so make the easier to build products first.C) The higher the price of the item, the higher contribution margin, so we can manufacture those items first, using any available manufacturing time for our lower priced items.15.Your boss has asked you to review a machine that can replace five full-time employees in your production facility. The machine has an upfront cost of $1 million dollars, a useful life of 20 years, but can only make one of your products and would be obsolete if that line is discontinued. Where would you start?A) Tell your boss it is a bad idea to let go of the employees.B) Since the machine has a useful life of 20 years, it will pay for itself before the product line becomes obsolete, so let your boss know you think it is a good investmentC) Analyze the cost the employees per year as a variable cost, and the machine as a fixed cost, and constitute a spreadsheet with best and worst case scenarios.16. Two companies, make the same product and have the same sales level and net profit. What can we assume about these two companies if they both experience a 20% increase in sales.A) Both will see an increase in net profit, but without variable and fixed cost information we can’t calculate how much they will see.B) Both will experience a 20% increase in their net profit.C) Both will experience the same increase in their net profit, but we don’t know how much without more information.

Which of the following financial statements reports information as of

Question Which of the following financial statements reports information as of a specific date?

Stosch Company’s balance sheet reported assets of $127,000, liabilities of

Question Stosch Company’s balance sheet reported assets of $127,000, liabilities of $32,000 and common stock of $29,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $86,000 and Stosch paid a $31,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following? A) 51000 b)66000 C) 30000 D) 21000Part 2 The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $40,000; Liabilities = ?; Common Stock = $7,000; Revenue = $15,000; Dividends = $1,750; Beginning Retained Earnings = $4,750; Ending Retained Earnings = $9,000.Based on this information, the amount of expenses on Calloway’s income statement wasA) $9000 B)$18000 C)$10750 D)$4250

In 2018, Lou has a salary of $53,300 from her

Question In 2018, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and dividend income of $400. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a $7,000 loss.Can someone show me how to calulate the AGI, Exemption, and Taxable income??

When Analyzing the total variable overhead cost….. src=”/qa/attachment/9502723/” alt=”Screen Shot

Question When Analyzing the total variable overhead cost….. src=”/qa/attachment/9502723/” alt=”Screen Shot 2019-08-23 at 8.44.32 PM.png” /> ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 8.44.32 PM.png When analyzing the total variable overhead cost variance into both spending and efficiency variances, it is often assumed that direct labour hours is the sole cost driver. Required: 1. Explain if direct labour costs could ever be a better cost driver of variable overhead costs than direct labour hours. 2. How is the standard variable overhead rate different from the standard labour rate in variance analysis? Please explain.

For a manufacturing company has a total monthly fixed costs

Question For a manufacturing company has a total monthly fixed costs of $100,000, Variable costs per unit $10, Income tax rate of 20%, target net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, if sales in units (quantities) increase, fixed cost per unit: Increase or decrease?

question.PART Bi. Justify their technique in solving cost accounting and

Question question.PART Bi.  Justify their technique in solving cost accounting and issues related to its nature and roles (CLO2). You are required to carry out research into a topic in management accounting, analyse and evaluate the current state of development or application of that topic, and present your findings in the form of a fully-referenced report. Select ONE of the topics in the following management accounting areas / issues below:- 1. Most large organisations adopt divisionalised structures. The manner in which divisional performance is controlled and measured is, therefore, of particular importance. 2. Traditional budgeting practices come under criticisms and a new paradiam known as Beyond Budgeting was developed in hope to address those critical issues. 3. Management accountants are increasingly pressured to develop relevant managerial accounting systems to support organisations in managing their strategic endeavours. GuidelinesIt is suggested that your research includes, inter alia, the following aspects in your report: · Brief description of the topic · How and when it was first developed, and why · How it has evolved since then · How widespread it is e.g. all types of organisations or only certain sectors · How effective it has proved to be · What are the benefits found when using this technique · What are the costs/problems found when using this technique · Would you regard it as generally applicable, or only for certain organisations/circumstances The above list is meant to be suggestive and by no means exhaustive. You should select the direction and approach that is most effective. The preceding research should be linked to the rise of various contemporary management accounting techniques where discussion and critical evaluation is required. You should find some articles which are positive and some which have found drawbacks, and you should choose articles which help you gain a general insight into the benefits and possible drawbacks of various modern management accounting techniques. Your report must include a minimum of 10 references from a range of sources. Please note all the 10 must be journal references. Referencing: All work should be referenced using the Harvard Referencing as required by the university.ii.        Justify their technique in solving cost accounting and issues related to its nature and roles (CLO2). By using your own organization, or the organization that you are familiar with, identify the new managerial philosophy that the organization has implemented or planning to implement. You are required to identify the causes for such implementation and the impact on the management accounting as well as the organization as a whole. The new managerial philosophy includes but not limited to:Total Quality ManagementSix SigmaLean ManufacturingJust in TimeKanbanAgile ManufacturingValue Chain, and so on.Your answer should covers the following:A brief introduction about the organizationThe issues related to the organizationThe new philosophy implementedThe impact on the management accountingThe impact on the organizationConclusion The above list is meant to be suggestive and by no means exhaustive. You should select the direction and approach that is most effective. The preceding research should be linked to the rise of various contemporary management accounting techniques where discussion and critical evaluation is required. You should find some articles which are positive and some which have found drawbacks, and you should choose articles which help you gain a general insight into the benefits and possible drawbacks of various modern management accounting techniques..

Claw corporation is a manufacturer of industrial equipment…. src=”/qa/attachment/9502734/” alt=”Screen

Question Claw corporation is a manufacturer of industrial equipment…. src=”/qa/attachment/9502734/” alt=”Screen Shot 2019-08-23 at 8.58.22 PM.png” /> Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 8.58.22 PM.png CLAW Corporation is a manufacturer of industrial equipment, located in Toronto, Ontario. CLAW has a standard costing system based on direct labour hours (DLHs) as the measure of activity. Data from the company’s flexible budget for manufacturing overhead are given below: Denominator Level of Activity 9,000 DLHs Overhead Costs at the Denominator Activity Level: Variable Overhead Cost 590,700 Fixed Overhead Cost $102,800 The following data pertains to operations for the most recent period: Actual Hours 7,800 DLHs ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 8.58.34 PM.png Standard Hours Allowed for the Actual 7,765 DLHs Output Actual Total Variable Overhead Cost 554,210 Actual Total Fixed Overhead Cost $100,200 Required: 1. What was the total predetermined overhead rate? 2. How much overhead was applied to products during the period?

For the win (FTW) corporation uses a standard costing system….

Question For the win (FTW) corporation uses a standard costing system…. src=”/qa/attachment/9502754/” alt=”Screen Shot 2019-08-23 at 9.00.27 PM.png” /> ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 9.00.27 PM.png For the Win (FI’W) Corporation uses a standard costing system in the creation of awards and trophies. The Manufacturing overhead costs are applied to products on the basis of machine time. Required: 1. Unfortunately, due to accounting glitches in Fl’W’s software, several numbers and labels have been omitted from the analysis of fixed overhead below. Supply the missing numbers and labels to help FI’W out: Actual Fixed Overhead Cost Flexible Budget Overhead Cost Fixed Overhead Cost Applied to Work in Process (a) (b) 302,100 MH x 51.08 = (c) Budget variance, $1,880 U (d) Total variance, $388 F (e) 2. Next, assume that 6 minutes of machine time is standard per unit of production. How many units were actually produced in the situation above? 3. Once again, assume that 6 minutes of machine time is standard per unit of production. How many units of production were assumed when the predetermined application rate for fixed overhead was established?

Three (3) personal trainers at an upscale health spa /

Question Three (3) personal trainers at an upscale health spa / resort in Sedona, Arizona, want to start a health club that specializes in health plans for people in the 50 age range. The trainers — Donna Rinaldi, Rich Evans, and Tammy Booth — are convinced that they can operate their own club profitably. They believe that the growing population in this age range, combined with strong consumer interest in the health benefits of physical activity, would support the new venture. In addition to many other decisions, they need to determine the type of business organization that they want to form. Should they incorporate as a corporation or form a partnership? Rich believes there are more advantages to the corporate form than a partnership, but he has not convinced Donna and Tammy of this. The three (3) trainers have come to you, a small business consulting specialist, seeking information and advice regarding the appropriate choice of formation for their business. They are considering both the partnership and corporation formation options.

Orville company’s standard and actual costs per unit…. src=”/qa/attachment/9502826/” alt=”Screen

Question Orville company’s standard and actual costs per unit…. src=”/qa/attachment/9502826/” alt=”Screen Shot 2019-08-23 at 9.01.40 PM.png” /> Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 9.01.40 PM.png Orville Company’s standard and actual costs per unit are provided below for the most recent period. During this time period 400 units were actually produced. Standard Actual Materials: Standard: 2 metres at $1.50 per m. 53.00 Actual: 2.1 metres at $1.60 per m. $3.36 Direct labour: Standard: 1.5 hrs. at $6.00 per hr. 9.00 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 9.01.53 PM.png Actual: 1.4 hrs. at $6.50 per hr. 9.10 Variable overhead: Standard: 1.5 hrs. at $3.40 per hr. 5. 10 Actual: 1.4 hrs. at $3. 10 per hr. 4.34 Total unit cost $17. 19 $16.80 For simplicity, assume there was no inventory of materials at the beginning or end of the period. Required: Given the information above, compute the following variances. Also indicate if the variances are favorable or unfavorable. 1. Materials price variance 2. Materials quantity variance 3. Direct labour rate variance 4. Direct labour efficiency variance 5. Variable overhead spending variance 6. Variable overhead efficiency variance

Which of the following is not properly recorded in the

Question Which of the following is not properly recorded in the governmental activities accounts?

A entered into a contract with B to provide antivirus

Question A entered into a contract with B to provide antivirus software license and updates for period of 3 year for $3M. The standalone prices of license and the updates are $2M and $1M. The software license and updates are not distinct in the context of this contract with B. (antivirus software license and updates are single performance obligation). How would A recognize the revenue under ASC 606. Is the performance obligation satisfied over time or at a period of time?

. a line of credit of $25,000 which he used

Question . a line of credit of $25,000 which he used up within three months. Cash Budget only about 15% of all sales in any month were made through the tasting room and were essentially cash sales. Of all the sales made on credit, only 5% were paid for in the same month the sale was made, 49% were paid for the next month, and 42% were paid for during the following month. Total sales for the winery for November were $158,780 and for December were $205,362. As far as expenses for the winery, Andrew looked at the expenses for the previous year on a monthly basis and used those as a guide for what the upcoming expenses would be. Cash Needs Andrew liked to have $60,000 in the bank as a cash balance and he had just a little bit more than that to start the year ($64,987). He also knew that he had $129,378 in outstanding bills for the month of December which needed to be paid in January as all purchases are paid for within thirty days. He was hoping to see what caused the cash problem last year as the income statement showed the firm had a nice 6.5% net profit.. Do cash flow forecast for the next six months. Does Andrew need to reuse the line of credit that the bank has set up for him?.if yes, how much? and if no suggest a reason why he may have run out of cash the previous year ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-23 at 5.10.25 PM.png Viggio Estimates for Next Year January February March April May June TOTAL Sales $73,305 $58,644 $58,644 $87,966 $97,740 $112,401 $488,700 Monthly Purchases $46,182 $36,946 $36,946 $55,419 $61,576 $70,813 $307,881 Mortgage payment $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $60,000 Rent for storage area $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $12,000 Utilities $2,000 $2,200 $1,800 $1,500 $2,000 $2,300 $11,800 Marketing $2,500 $2,100 $2,000 $2,200 $3,000 $2,500 $14,300 Insurance $700 $700 $700 $700 $700 $700 $4,200 Salaries and Benefits $5,000 $5,600 $5,000 $5,600 $6,400 $6,900 $34,500 Internet Website Maintenance $500 $500 $500 $500 $500 $500 $3,000 Repairs and Maintenance $500 $500 $500 $500 $500 $500 $3,000 Travel $1,800 $800 $1,500 $1,000 $800 $800 $6,700 Supplies $400 $400 $400 $400 $400 $400 $2,400 Loan Payments $2,275 $2,275 $2,275 $2,275 $2,275 $2,275 $13,650 Tax Payments $500 $560 $500 $560 $640 $690 $3,450 Annual Tax Payment $35,000 $35,000 Misc. $300 $300 $300 $300 $300 $300 $1,800Read more

If the analyst does not have the security permissions to

Question If the analyst does not have the security permissions to access the data directly, then a data request form is required. There are a number of fields that the analyst is required to complete. What fields are necessary in a data request form? Who needs to be included in the routing of this form? Explain the form and the approval process you would recommend.Adapted from Richardson, V. J., Teeter, R.,

United Airlines 10 k report Analysis need ratios such as

Question United Airlines 10 k report Analysis need ratios such as liquidity profitability resource management ratio and leverage ratio and Dupont calculations. And discuss it. For both 2018 2017

what’s the formula to calculate debt-to-equity ratio? What I have

Question what’s the formula to calculate debt-to-equity ratio? What I have is Total Liabilities Long Term Debt / common equity.Is this correct?

a) What impacts does information technology has on the competition?

Question a) What impacts does information technology has on the competition? />b) How does information technology impacts the business process?c) How does information technology impacts the interactions that the companies have with suppliers and customers?

A situation that is at the forefront of my mind

Question A situation that is at the forefront of my mind is the miscommunication or non-communication of the Bally’s and SDS update. Long explanation short these two programs allows a casino to monitor the machines and rewards that are given. These programs record and monitor machines, they can report issues if there are any issues and report these issues to the company. These programs are also used to write jackpots which are winnings or report disputes like if a machine breaks down mid play and the customers must be paid out by one of our people because a ticket can not be printed out. I can explain further if need be but basically this program is used by multiple departments and is a necessity for most departments.The mis communication about this update started about a week ago. An e-mail was sent out to some managers, and not to all departments. With the update some procedures where changes for us auditors the reports that must be ran and audited daily where changed. With the changes of these reports new reports had to be added in. we where not informed about these new reports or how to run them. However, IT was informed of the reports but did not communicate them further down the line. The reason behind the changes in these reports still have not been shared with us. But the information on how to run the reports was shared.Another problem from this miscommunication was the change in the jackpot process, this change was not communicated at all to the slots department. The process of printing and creating process need two people now, and the signing process is not just physical process, but two members must log into the program, then physically sign the jackpot. This process was miscommunicated by the floor personal being told they needed two people to sign the jackpot, but it was not made clear that they would have to sign in the computer. Or how that this was a gaming requirement and not just upstairs (managers) thinking they do not know how to properly pay a jackpot.The problem with these communications could have been solve if someone took the time to consider the audience and right emails for the individual departments. Rather then sending out a basic email saying that the programs where being updated. With the wrong update date. The department would have been better situated to handle the updates and new processes. I understand that some information does not need to be shared with other departments like the audit reports with the slot team.RequiredSuppose that you are the employees. Talk about how enacting communications to address the issues identified above could affect the situations more excellently or not so good. Provide particular examples to back your answers, if able to be done.

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