Beth Morgan, controller of Boulder Corporation, is currently preparing the 2017 financial report. She is trying to decide how to classify the…

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Beth Morgan, controller of Boulder Corporation, is currently preparing the 2017 financial report. She is trying to decide how to classify the following items:

  1. Account payable of $170,000 owed to suppliers for inventory.
  2. A $60,000 note payable that matures in three months. The company is planning to acquire a five-year loan from its bank to pay off the note. The bank has agreed to finance the note.
  3. A $500,000 mortgage: $75,000 payable within twelve months, and the remaining $425,000 to be paid over the next six years.
  4. The sum of $8,000 owed to the phone company for service during December.
  5. Advances of $25,000 received from a customer. The contract between the customer and Boulder Corporation states that if the company does not deliver the goods within six months, the $25,000 is to be returned to the customer.
  6. The sum of $15,000 due the federal government for income tax withheld from employees during the last quarter of 2017. The government requires that withholdings be submitted by the end of the next quarter to the Internal Revenue Service.
  7. A $125,000 note payable: $30,000 is payable within 12 months, and the remaining $95,000 is to be paid over the next two years. Boulder Corporation plans to issue common stock to the creditor for the portion due during the next 12 months.
  8. The company declared a cash dividend of $50,000 on December 29, 2017. The dividend is to be paid on January 21, 2018.

REQUIRED:

  1. Classify each of the items as a current liability or as a long-term liability. (Note: Some items may be classified partially as current and partially as long term.)
  2. Compute the total amount that should be classified as current liabilities.
  3. Compute the total amount that should be classified as long-term liabilities.

Your company has been presented with a decision on replacing a piece of equipment for a new computerized version that promotes efficiency for the upcoming year. As manager you will need to decide whet

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Your company has been presented with a decision on replacing a piece of equipment for a new computerized version that promotes efficiency for the upcoming year. As manager you will need to decide whether or not the purchase of the new equipment is a worthwhile investment and to communicate your recommendations to Executive Management for a final decision. To be convincing, sufficient support for your recommendations must be provided in order to be considered valid and accepted.

Existing EquipmentOriginal Cost60,000Present Book Value30,000Annual Cash Operating Costs145,000Current Market Value15,000Market Value in Ten Years0Remaining useful Life10 years

Replacement EquipmentCost600,000Annual Cash Operating Costs50,000Market Value in Ten Years0Useful Life10 years

Other Information Cost of Capital10%Payback requirement6 years

In this assignment, use the information above to develop a comprehensive analysis using NPV, Payback Method, and IRR to develop a recommendation on replacing the existing equipment with a new computerized version. Develop an executive summary of your findings in a Microsoft PowerPoint presentation format to present to Executive Management.

Do the following in your presentation:

  • Include a statement of the problem or topic, a concise analysis of the findings, and a recapitulation of any main conclusions or recommendations.
  • Be sure to incorporate specific details to highlight or support the summary including calculations.
  • Using your knowledge of capital budgeting techniques, explain how principles of capital budgeting, such as the payback method, IRR, and NPV, can be used to assess the potential projects and assist in the decision-making process.

Hello,Please help me with this question regarding For the Win (FTW) Corporation uses a

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Hello,

Please help me with this question regarding For the Win (FTW) 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 FTW’s software, several numbers and labels have been omitted from the analysis of fixed overhead below. Supply the missing numbers and labels to help FTW out: 

Actual Fixed Overhead Cost 

Flexible Budget Overhead Cost 

Fixed Overhead Cost Applied to Work in Process 

(a) 

(b) 

302,100 MH x $1.08 = (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? 

Describe the differences between managerial and financial accounting. Describe the differences as they relate to the users of the information, the purpose of the information, and the time frame (past

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Describe the differences between managerial and financial accounting. Describe the differences as they relate to the users of the information, the purpose of the information, and the time frame (past or present). Additionally, discuss whether financial and managerial follow the same rules (GAAP) and how the scope of the information can be different.

Please make it in 3 paragraph at least.

Government regulations have impacted the site planning and capacity planning at Smitheford Pharmaceuticals. NAFTA has had an impact on the advantages of the ownership of manufacturing facilities in Ca

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Government regulations have impacted the site planning and capacity planning at Smitheford Pharmaceuticals. NAFTA has had an impact on the advantages of the ownership of manufacturing facilities in Canada.In preparation for a meeting with leadership, review and discuss the following:What advantages did Smitheford Pharmaceuticals have by owning manufacturing facilities in Canada prior to NAFTA?With the passage of NAFTA, what advantages remain by having manufacturing facilities still in Canada according to your research and your own judgment?

MASTER OF BUSINESS ADMINISTRATION PROGRAM MANAGERIAL ACCOUNTING 631 SPRINGSEMESTER 2019 CASE No. 2 Salam Drugs makes generic prescription drugs.

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MASTER OF BUSINESS ADMINISTRATION PROGRAM

MANAGERIAL ACCOUNTING 631

SPRING SEMESTER 2019

CASE No. 2

Salam Drugs makes generic prescription drugs. It relies on its sales personnel to market and sell its products widely to pharmacies, doctors, and hospitals. While Salam has always been profitable, revenues have been stagnant over the last 5 years. In contrast, other generic drug companies recorded significant revenue growth over the same period.

After careful investigation, Salam’s CEO, Ms. Hajar, concludes that an important reason for the lack of revenue growth is the way the incentive system is set up for the company’s sales personnel, coupled with the role sales personnel play in the annual budgeting process. Currently, an average salesperson receives a fixed annual salary of $40,000, and a bonus of $20,000 for meeting or exceeding an annual sales target of $400,000. A look at the records was enough for Ms. Hajar to realize that hardly any member of the sales team exceeded the target of $400,000 by much (the maximum recorded sales was only $426,000), and many of them were just about meeting this target. The sales target itself was set every year in consultation with the sales team, and the target had not moved up in the last five years to reflect any growth.

It was clear to Ms. Hajar that the sales team was “low-balling” the target to be able to comfortably meet it and qualify for the bonus. They also seemed to stop once they met the target. Yet, Ms. Hajar realized that the sales personnel were in the best position to assess market trends and to help set realistic targets for the company’s planning process. After consulting with experts on sales force compensation, Ms. Hajar come up with four options:

1. Remove the bonus for meeting the target and increase the annual salary to $60,000.

2. Set the target at a level that is 10% higher than what the sales team recommends. Implement a sales commission system whereby a salesperson earns 5% of the amount by which actual sales exceed 90% of the target.

3. Set the target based on industry growth and keep the existing bonus system.

4. Implement a tournament scheme wherein sales personnel are ranked into five performance-based groups and vary the bonus across groups.

Required:

Discuss the relative merits and drawbacks of each scheme from the company’s point of view. Which scheme is likely to put the company on a path of sales growth? 

ACCT 212 — short essay

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I am working on a topic of “Lending and Borrowing Money”, and I am looking for 225 to 250 words with only one source and one Bible verse.  To make it fair, I’ll pay no more than $15.

I need the answer to this question Marano Corporation produces and sells a single product. In October, the company sold 6,200 units.

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I need the answer to this question

Marano Corporation produces and sells a single product. In October, the company sold 6,200 units. Its total sales were $223,200, its total variable expenses were $105,400, and its total fixed expenses were $100,400.

Required:

a. Construct the company’s contribution format income statement for October.

b. Redo the company’s contribution format income statement assuming that the company sells 6,400 

our firm is considering a project with a five-year life and an initial cost of $120,000. The

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our firm is considering a project with a five-year life and an initial cost of $120,000. Thediscount rate for the project is 12%. The firm expects to sell 2,100 units a year. The cash flowper unit is $20. The firm will have the option to abandon this project after three years at whichtime it expects it could sell the project for $50,000. You are interested in knowing how theproject will perform if the sales forecasts for years four and five of the project are revised suchthat there is a 50% chance that the sales will be either 1,400 or 2,500 units a year. What is thenet present value of this project given your sales forecasts?a. $23,617b. $23,719c. $25,002d. $26,877e. $28,74625- Ronnie’s Custom Cars purchased some fixed assets two years ago for $39,000. The assets areclassified as 5-year property for MACRS. Ronnie is considering selling these assets now so hecan buy some newer fixed assets which utilize the latest in technology. Ronnie has beenoffered $19,000 for his old assets. What is the net cash flow from the salvage value if the taxrate is 34%?our firm is considering a project with a five-year life and an initial cost of $120,000. Thediscount rate for the project is 12%. The firm expects to sell 2,100 units a year. The cash flowper unit is $20. The firm will have the option to abandon this project after three years at whichtime it expects it could sell the project for $50,000. You are interested in knowing how theproject will perform if the sales forecasts for years four and five of the project are revised suchthat there is a 50% chance that the sales will be either 1,400 or 2,500 units a year. What is thenet present value of this project given your sales forecasts?a. $23,617b. $23,719c. $25,002d. $26,877e. $28,74625- Ronnie’s Custom Cars purchased some fixed assets two years ago for $39,000. The assets areclassified as 5-year property for MACRS. Ronnie is considering selling these assets now so hecan buy some newer fixed assets which utilize the latest in technology. Ronnie has beenoffered $19,000 for his old assets. What is the net cash flow from the salvage value if the taxrate is 34%? 

When Higdon Corporation was organized in January 2014, it immediately issued 5,600 shares of $50 par, 6 percent, cumulative preferred stock and…

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When Higdon Corporation was organized in January 2014, it immediately issued 5,600 shares of $50 par, 6 percent, cumulative preferred stock and 10,500 shares of $10 par common stock. The company’s earnings history is as follows: 2014, net loss of $14,100; 2015, net income of $61,700; 2016, net income of $83,900. The corporation did not pay a dividend in 2014.

a. How much is the dividend arrearage (should this be average?) as of January 1, 2015?

b.