The following is a list of transactions for Clouden, a sole trader. 2018May 1 Balance bought forward, Cash $2530; Bank $15600May 3 Paid wages by cheque $6300.May 5 Received a loan of $10,000 by cheque from the Big Development BankMay 8 Cash Sales to T. Richards amounted to $465May 10 Paid M. Duff account in full by cheque. The outstanding amount was $5000 before taking 5% […]

Discussion What benefits and drawbacks are there for a business that uses a Standard/Traditional Costing model?What benefits and drawback are there for a business that uses an Activity Based Costing (ABC) model?If you owned a small manufacturing business with relatively high volume and multiple product lines, would you implement an ABC model?  Why?As you get ready to reflect on these questions, don’t forget that the best […]

Read the article, “John D.R. Leonard, Plaintiff, -against- PepsiCo, Inc., Defendant,” found on the website provided in the Learn materials(https://scholar.google.com/scholar_case?case=14010883517992816574&q=leonard+v.+pepsico&hl=en&as_sdt=2003). Watch the presentations (also found in the Learn materials) of the various versions of the commercial that gave rise to the case. Then answer the following questions:The court ruled that the commercial was not an offer to enter into a contract. Explain the court’s reasoning […]

Choose a publicly traded company that is NOT a financial institution, bank, insurance company, real estate company, or similar. The company you choose should be one that you currently know very little about, and that you are pretty sure no one else in the class knows much about either.A good way to choose a company is to go to https://finance.yahoo.com/ (Links to an external site.). In the […]

Problem #1:Harrison Forklift’s pension expense includes a service cost of $10 million. Harrison began the year with a pension liability of $28 million (underfunded pension plan).1.Interest cost, $6; expected return on assets, $4; amortization of net loss, $2.2.Interest cost, $6; expected return on assets, $4; amortization of net gain, $2.3.Interest cost, $6; expected return on assets, $4; amortization of net loss, $2; amortization of prior […]

Problem #1On January 1, 2013, Ameen Company purchased a building for $36 million. Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. At December 31, 2015, the book value of the building was $30 million and its tax basis was $20 million. At December 31, 2016, the book value of the building was $28 million and its tax basis was […]

Problem #1Allied Paper Products, Inc. offers a restricted stock award plan to its vice presidents. On January 1, 2016, the company granted 16 million of its $1 par common shares, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $5 per share on the grant date.Required:1.Determine the total compensation cost pertaining to the restricted shares.2.Prepare the […]

please answer 1-2 pages for each case study Case Study #1: Using the Welch’s Company Trial Balance (provided), prepare an income statement, balance sheet, and statement of cash flow (for fixed assets, assume the change in the asset accounts are the additions and the change in the accumulated depreciation accounts is the depreciation).Please submit this in excel.For the next case studies, you must solve these as though […]

For this assignment, refer to the scenario located in “Problems – Series A” section 10-19A of Ch. 10, “Planning for Capital Investments” of Fundamental Managerial Accounting Concepts. This scenario puts you at task as a Senior Accountant for Donovan Enterprises to identify the preferred method and best investment opportunity for the company.Read the scenario in the textbook and complete the activity below.Use Excel—showing all work […]

How can CVP analysis be used to predict future costs and profitability? Describe how CVP analysis is used, or could be used, at your current place of employment. If you have not worked for a company that might use CVP analysis, you may choose a well-known company and describe how you envision that company using CVP analysis. Try to discuss a concept associated with CVP […]