Managerial Accounting questions and answers in October 2021

Ahmad is likely to receive $30,000 in three years. Once the cashflow is received, he will invest it for seven more years at 5.5% per year. How much will he have at the end of this time? What would be ...
4) Fedor Customs reports the Operating cashflows of $400, ending fixed asset value of $300, change in net working capital of $80, depreciation of $80, cash flow from assets of $190.Based on the given ...
Question 411 pts   Assume a home mortgage of $200,000, with an interest rate of 5.5% for 30 years (monthly payments). If you pay an extra $300 per month towards the principle of the loan, how many mo...
Question 311 pts   You invested $3,950 in an original Salvador Dali 'melted clocks' painting 30 years ago. The painting has increased in value at a rate of 10% per year. How much is it worth now. Gro...
Question 211 pts   Rupert is planning to invest $400.00 per month.  His goal is to have $1,200,000.  He will earn 11.0% on his investments.  How many months will it take to reach his goal? Group o...
Question 111 pts   You wish to have $1,000,000. You will invest $600 per month, earning 8% per year. How many months until you reach $1 million in total value? Group of answer choices 375   358   N...
11. Gregarious Company agrees to pay Ian Dustrias a 10 percent bonus based on its net income of $ 100,000 after deducting both the bonus and income taxes. Gregarious Company's tax rate is 30 percent. ...
7. Which one of the folllowing is true regarding the market value method of converting bonds into common stock?  A. Equity accounts are added at their FMV.  B. No gain or loss is recorded on the con...
Wudchuk Corp. purchased inventory in exchange for a $ 15,000 three-month short-term non-interest-bearing note. The note is to be discounted at 8 percent. What is the amount recorded for Inventory in W...
According to the below case, does The capital portrait studio(CPS) need to organize cost centres and revenue centres? Is that something CPS should consider?      Today is January 11, 2018. You, CPA...
Michael invested $2,000 12 years ago. Michael's friend, Lisa also invested $4,000 6 years ago. Today, both Michael's and Lisa's investments are each worth $9,700. Assume that both Michael and Lisa are...
Johnny buys the organic falafel used in his restaurant from Idoru Ltd. When Johnny complains to Idoru about a recent price increase, Idoru offers Johnny a special deal: Johnny will only have to pay $6...
Question 13 pts   You know that you need $2,100,000.00 in order to fund your retirement in 30 years. Assuming you can earn 9% annual return on your investments, how much do you need to invest per mon...
Note: The above analysis (Bill of Activities and costs] accounts for direct labour and mathefurbg overhead activities Direct material cost per unit is 53.130 Required: 1. llifalaculate Tum Tum Foods L...
17. In January 2015, Carnivorous Corp. purchased 600 shares of Herbivore Inc. for $ 50 per sare, intending to hold the shares for two years. In April 2016, the FMV of the portfolio was $ 35,000. In Au...
 The data shown is taken from the records of Locust Inc. for the year 2015. Using the retail inventory method and an average cost format, determinie the value of the ending inventory at estimated cos...
4. On June 2015, Wolverine Co. Sold a machine for $ 230,000 that was acquired three years earlier for $ 420,000. The accumulated depreciation for this machine was $ 216,000, and the original estimated...
 . The following information is provided for National Bank of Fiji for the financial year 2019/2020. Financial perspective Actual Target Return on capital employed (ROCE) 12% 15% Interest income $9-5...
Anne's Cupcakes incurred the following costs in 2020 at two different levels of production:   140,000 Units 165,000 units Rent $18,000 $18,000 Labour $34,000 $35,500 Utilities $7,500 $8,500 Direct MA...
Task 1 Prepare a budget Below is an extract from the strategic plan for Plan2go: Plan2go Pty Ltd - Strategic plan 20X1 - 20X3 Grow shareholder value by 20% over 3 years. This will be achieved by Incre...
How do I analyze the investment in QSI and what are the adjustments that need to be done to SBW Financial Statements for the year ending Dec 31, 2022. I need to switch from cost to equity and do an eq...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales 1, 452, 000 Selling price per pair of skis 440 ...
 Metrotown manpower Inc. bought a fixed asset for $100,000. The asset has a 30% CCA rate. At the end of year 5, the company sold the asset for 25% of its original value. A per the information, calcul...
create an assessment for each of the investment proposals included below, with a rationale that is aligned with the SWOT analysis and financial statement ratio analysis using liquidity ratios, debt ra...
 . U Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept: Joplin C...
Review the information and financial statements provided below to gain an understanding of potential investment initiatives that would be supportable by management. Describe the intent of the mission ...
Review the information and financial statements provided below to gain an understanding of potential investment initiatives that would be supportable by management. Describe the intent of the mission ...
Please help. Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept: J...
10. You receive a call from a taxpayer requesting to set up a payment plan for his balance due on the current year's taxes. You review the taxpayer's account and see he qualifies for a payment plan. W...
6-2 Discussion: Professional Practice Previous Next  When discussing and evaluating professional ethics, it is essential to understand the purpose, terminology, and repercussions of professional mis...
A company's history indicates that 20% of its sales are for cash and the rest are on credit.  Collections on credit sales are 20% in the month of the sale, 50% in the next month, 25% the following m...
  Taking into account the cumulative egg production for a hen, during which week (approximately) will the break-even point occur?. Exhibit 1. Arkansas Egg Company Cost and Production Information Arka...
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $32.00 per direct labor-hour and $...