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ACCT 336 DeVry Week 3 Quiz

Question 1.1.(TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year, overhead is estimated at $2,250,000, and direct labor hours are budgeted at 415,000 hours. Actual overhead was $2,200,000, and actual overhead hours worked were 422,000.

(a) Calculate the predetermined overhead rate.

(b) Calculate the overhead applied.

(c) Determine the amount of overhead that is over- or underapplied.(Points : 6)

Question 2.2.(TCO 2) Thibodeaux Limousine Corporation is trying to determine a predetermined manufacturing overhead. Estimated overhead for the upcoming year is $312,500. Budgeted machine hours are 97,000 hours, and budgeted labor hours are 18,000 hours at a rate of $14.00 per hour. Compute the predetermined overhead rate website based on

(a) direct labor dollars;

(b) direct labor hours; and

(c) machine hours.(Points : 6)

Question 3.3.(TCO 1) List and briefly describe four of ACCT 336 DeVry Week 3 Quiz the five differences between managerial accounting and financial accounting.(Points : 4)

Question 4.4.(TCO 2)The website following information is available for Sappy’s Surgical Shears for the fiscal year ending December 31, 20XX.

Beginning balance in Finished Goods $ 17,000

Ending balance in Finished Goods 15,200

Beginning balance in Work in Process 12,500

Ending balance in Work in Process 4,500

Selling expenses 123,000

General and administrative expenses 89,000

Direct material cost 54,500

Direct labor cost 66,000

Manufacturing overhead 21,400

Sales 385,000

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FIN 350

FIN 350 All Week Discussions Questions Package

FIN 350

FIN 350 Module 1 Discussion 1

Identify a party (other than stockholders) that can be classified as a stakeholder for a corporation. What obligation does the corporation have to this party? Describe a situation where stockholder claims on the organization might conflict with the claims of this stakeholder group. If you were CEO, how would you resolve these conflicts?

Identify a party (other than stockholders) that can be classified as a stakeholder for a corporation.

FIN 350 Module 1 Discussion 2

During the summer and fall of 2008, the U.S. financial system and financial systems around the world appeared to be on the verge of collapse. How did we get into this condition? What did we do to get out of it? How can we prevent another such scenario in the future?

FIN 350 Module 2 Discussion 1

Individuals performing ratio analysis include (1) banks evaluating potential loan applications from small businesses, (2) investment analysts evaluating the investment quality of a firm’s stock, and (3) internal management, assessing the firm’s current strengths and weaknesses. Select one of the three parties above, and for that party, identify which of the five ratio groups (liquidity, activity, debt, profitability, or market) would be of most value and which would probably be of least value. Explain the reasons behind your choices.

FIN 350 Module 2 Discussion 2

Who are the major policy makers for the Federal Reserve System and how do they rise to such an FIN350 influential position? How do these policymakers influence national economic objectives? Refer to Figure 5.1 on page 100 of the textbook. What part of this relationship could be influenced by the citizens of the country? Why?

FIN 350 Module 3 Discussion 1

Is it possible for a firm to have a positive profit and yet have a negative cash flow? Describe a scenario under which this might occur? Where does the money from profits go in such a case?

FIN 350 Module 3 Discussion 2

If you were to examine the cash budgets of almost any organization, you would find distinct seasonal patterns of cash inflows and outflows. These patterns cause months during the year when almost every business is flush with cash, and other months in which things are extremely tight. Select an organization in which you are (were) employed, and describe the seasons of the year when this firm was flush with cash and the seasons when this firm was typically on a tight budget. Why did these times occur?

FIN 350 Module 4 Discussion 1

One of the basic financial principles is that the value of any asset (whether it be a stock, a bond, or a firm as a whole) is the present value of that asset’s future cash flows. As you learned in this chapter, finding present values requires determining a discount rate. Assume you want to buy a business, and you want to more info find the present value of its future cash flows. Name at least one variable you should consider in determining the correct discount rate to use and explain its role in discount rate determination. If possible, try to identify a variable that has not yet been mentioned by your classmates.

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ACCT 305 DeVry Week 5 Complete Work Latest

ACCT 305 DeVry Week 5 Discussion 1 Contingent Liabilities

Define contingent liability. What is the criteria to determine whether or not to report the contingency on financial statements? What supporting documentation is required? Please provide a detailed example of a contingent liability.

ACCT 305 DeVry Week 5 Discussion 2 Current Liabilities

Please identify a type of ACCT 305 DeVry Week 5 Complete Work current liability. read more For the current liability you select, please identify check here the general rule on reporting the current liability on the financial statement.

ACCT 305 DeVry Week 5 Homework Latest

Exercises E13-1, E13-7, E13-15, E13-17, and E13-21

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read”>step-by-step instructions

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AMP 415 Grand Canyon All Week Discussions


Grand Canyon AMP 415 Module 1 Discussion 1

Identify one account that would typically be found on a balance sheet, and one account that would typically be found on an income statement, and define them. Cite any references used, and do not identify accounts that have already been chosen by any of your classmates. Participate in follow-up discussion by reviewing your classmates' posts and adding to their definitions of terms, or by responding to follow-up questions posed by your instructor.

Grand Canyon AMP 415 Module 1 Discussion 2

Choose one of the assumptions, principles, constraints, primary characteristics, secondary characteristics, or elements of accounting as found in the conceptual framework of accounting. Explain the concept in your own words and describe a business situation in which the concept could be applied. Do not choose a concept previously chosen by one of your classmates.

Grand Canyon AMP 415 Module 2 Discussion 1

What information might you use, besides the financial statements of an organization, when analyzing its financial health? Be specific, and identify the usefulness of the information that you identify.

Grand Canyon AMP 415 Module 2 Discussion 2

In performing a horizontal analysis on a company's income statement, you website notice that sales have decreased by 4%, but the gross profit has increased by 10%. What are some factors that could cause AMP 415 Grand Canyon All Week Discussions this to happen?

Grand Canyon AMP 415 Module 3 Discussion 1

What are the benefits of ratio analysis? What are the limitations of ratio here analysis? What can be done to minimize the limitations on ratio analysis? Explain.

Grand Canyon AMP 415 Module 3 Discussion 2

You have computed all of the liquidity ratios for a company, and each of them appears to be close to or better than the industry averages. What other information would you want before you made a final assessment of the company's short-term debt paying ability?

Grand Canyon AMP 415 Module 4 Discussion 1

What are the differences between the indirect and direct methods of preparing the statement of cash flows? Do you agree with the FASB that the direct method is preferred? Why, or why not?

Grand Canyon AMP 415 Module 4 Discussion 2
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