All fixed costs per unit are calculated based on a normal capacity usage consisting of 240 working days. When the number of working days exceeds 240, overtime charges raise the variable manufacturing costs of additional units by $3 per unit in Peoria and $8 per unit in Moline.          Domestic Engines Co. is expected to produce and sell 192000 power generators during the coming year. Wanting […]

Deliverable Length: 1-2 pages.OBJECTIVESYou will create this assignment following the Assignment Detail instructions below. This assignment will be submitted in the Unit 3 – Submission Assignment 2 lesson in intellipath.Review the tutorial titled How to Submit the Intellipath Submission Assignment.Please submit your work to this week’s Intellipath Unit Submission lesson. Click the Upload button within the submission lesson to access the submission area. Click the Select File […]

APANY FINANCIAL ACCOUNTINGPrepare the debits and credits to record the payment of the up-front costs of1, 2004.E2-7 On December 31, 2004, Sellit, Inc.:(1) Obtains $20,000 cash by selling common stock. Assume that the stock is sold atpar value.(2) Obtains $40,000 cash from Loanit Bank. The loan is due on December 31, 2007, andinterest of 10 percent annually on the balance is due on January 1 […]

On 1/1/20×1, Petwoud Company acquired 100% of the $1 par value outstanding voting common stock of Supagud, Inc. for a cash payment of $600,000. At the acquisition date, the fair value of Petwoud Company’s common stock was $20 per share.  Below is the summary balance sheet information of Supagud, Inc. at acquisition (1/1/20×1):                          […]

A customer is suing James for $1 million because he claims to have found a piece of glass in his soda. Management deems the’ probability that James will lose the lawsuit and have to pay $1 million as reasonably possible. An employee is suing James for $500,000 for an injury she incurred in the parking lot while walking to work. Management deems the’ probability that […]

USKimmel, Accounting, 6eHelp | System AnnouncementsCALCULATORPRINTER VERSION1 BACKESBarnes Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs 5,000; and fixed costs ,400.Management is considering the following independent courses of action to increase net income.Compute the net income to be earned under each alternative.1. Increase selling price by 10% with no change in total variable costs or sales […]

Deliverable Length: Excel SpreadsheetOBJECTIVESYou will create this assignment following the Assignment Detail instructions below. This assignment will be submitted in the Unit 4 – Submission Assignment 1 lesson in intellipath.Review the tutorial titled How to Submit the Intellipath Submission Assignment.Please submit your work to this week’s Intellipath Unit Submission lesson. Click the Upload button within the submission lesson to access the submission area. Click the Select File […]

Complete an analyst on General Mills to examine a possible acquisition candidate, completing an initial search and review.  Your supervisor is a member of the Controller’s team.  The controller reports directly to the Chief Financial Officer (CFO). Your work may be presented to a variety of audiences so professionalism is exceptionally important in all deliverables you create.Write your paper, read carefully, and consider possible edits […]

Deliverable Length: Excel SpreadsheetOBJECTIVESYou will create this assignment following the Assignment Detail instructions below. This assignment will be submitted in the Unit 4 – Submission Assignment 1 lesson in intellipath.Review the tutorial titled How to Submit the Intellipath Submission Assignment.Please submit your work to this week’s Intellipath Unit Submission lesson. Click the Upload button within the submission lesson to access the submission area. Click the Select File […]

Deliverable Length: Excel spreadsheet and 2-3 pages Microsoft WordOBJECTIVESYou will create this assignment following the Assignment Detail instructions below. This assignment will be submitted in the Unit 5 – Submission Assignment 1 lesson in intellipath.Review the tutorial titled How to Submit the Intellipath Submission Assignment.Please submit your work to this week’s Intellipath Unit Submission lesson. Click the Upload button within the submission lesson to access the submission area. […]