Question 1
Question 11 You are manager of a painting department of a large office complex. The painting department is responsible for painting the buildings' exteriors and interiors. Your performance is judged in part on minimizing your department's operating costs, which consists of paint and labor, while providing a high-quality and timely service. Your job of painting the halls of a particular building is being evaluated. Paint and labor are substitutes. To provide the quality job demanded you can use less paint and more labor, or more paint and less labor. The accompanying table summarizes this trade-off. Paint costs $10 per gallon, and labor costs $6.40 per hour. Paint (gallons) Labor (hours) 50 200 80 125 100 100 125 80 200 50 a. How much paint and how much labor do you choose in order to minimize the total cost of the hall paining job? (Show calculations in neatly labeled exhibit.) b. The accounting department institutes an overhead allocation on labor. For every dollar spent on labor, $0.5625 of overhead is allocated to the paint department to cover corporate overhead items including payroll, human resources, security, legal costs, and so forth. Now how much labor and paint do you choose to minimize the total accounting cost of the hall painting job? (Show calculations in neatly labeled exhibit.) c. Explain why your decisions differ between parts (a) and (b). d. Explain why the accounting department might want to allocate corporate overhead based on direct labor to your painting department.
Question 2
Entries for Conversion, Amortization, and Interest of Bonds) Volker Inc. issued $2,500,000 of convertible 10-year bonds on July 1, 2010. The bonds provide for 12% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $54,000, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Volker Inc.?s $100 par value common stock for each $1,000 of bonds. On August 1, 2011, $250,000 of bonds was turned in for conversion into common stock. Interest has been accrued monthly and paid as due. At the time of conversion any accrued interest on bonds being converted is paid in cash. (Round to nearest dollar) Prepare the journal entries to record the conversion, amortization, and interest in connection with the bonds as of the following dates. (a) August 1, 2011. (Assume the book value method is used.) (b) August 31, 2011. (c) December 31, 2011, including closing entries for end-of-year. I need a Monthly Amortization Schedule and Interest Expense Schedule. Please see attachment tab P16-2 i WOULD ALSO LIKE TO HAVE EXPLANATIONS OF THE TRANSACTIONS. THANK YOU,P18-6 (Long-Term Contract with Interim Loss) On March 1, 2010, Pechstein Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of $8,400,000. The building was completed by October 31, 2012. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2010, 2011, and 2012 are given below. 2010 2011 2012 Contract costs incurred during the year $2,880,000 $2,230,000 $2,190,000 Estimated costs to complete the contract at 12/31 3,520,000 2,190,000 ?0? Billings to Fabrik during the year 3,200,000 3,500,000 1,700,000 Instructions (a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2010, 2011, and 2012. (Ignore income taxes.) (b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2010, 2011, and 2012. (Ignore incomes taxes.)
Question 3
If you could please show me the work for these 2 problems. Attached are the numbers for the questions. Thanks. Problem 11-4A Analysis of changes in stockholders' equity accounts C3 P2 P3 The equity sections from Salazar Group's 2011 and 2012 year-end balance sheets follow. The following transactions and events affected its equity during year 2012. Required How many common shares are outstanding on each cash dividend date? What is the total dollar amount for each of the four cash dividends? What is the amount of the capitalization of retained earnings for the stock dividend? What is the per share cost of the treasury stock purchased? How much net income did the company earn during year 2012? Check (3) $44,400 (4) $10 (5) $124,000 p. 492 Problem 11-5A Computation of book values and dividend allocations C2 A4 Razz Corporation's common stock is currently selling on a stock exchange at $170 per share, and its current balance sheet shows the following stockholders' equity section. Required (Round per share amounts to cents.) What is the current market value (price) of this corporation's common stock? What are the par values of the corporation's preferred stock and its common stock? If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock? If two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock? If two years' preferred dividends are in arrears and the preferred stock is callable at $110 per share, what are the book values per share of the preferred stock and the common stock? If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $20,000, what total amount will be paid to the preferred and to the common shareholders? What is the amount of dividends per share for the common stock? Analysis Component What are some factors that can contribute to a difference between the book value of common stock and its market value (price)? Check (4) Book value of common, $112.50 (5) Book value of common, $110 (6) Dividends per common share, $1.25
Question 4
(Comprehensive 2-Year Worksheet) Glesen Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2008 and 2009. 2008 2009 Projected benefit obligation, January 1 $650,000 Plan assets (fair value and market related value), January 1 410,000 Prepaid/accrued pension cost (credit), January 1 80,000 Additional pension liability, January 1 12,300 Intangible asset-deferred pension cost, January 1 12,300 Unrecognized prior service cost, January 1 160,000 Service cost 40,000 $ 59,000 Settlement rate 10% 10% Expected rate of return 10% 10% Actual return on plan assets 36,000 61,000 Amortization of prior service cost 70,000 55,000 Annual contributions 72,000 81,000 Benefits paid retirees 31,500 54,000 Increase in projected benefit obligation due to changes in actuarial assumptions 87,000 ?0? Accumulated benefit obligation at December 31 721,800 789,000 Average service life of all employees 20 years Vested benefit obligation at December 31 464,000 Instructions (a) Prepare a pension worksheet presenting both years 2008 and 2009 and accompanying computations including the computation of the minimum liability (2008 and 2009) and amortization of the unrecognized loss (2009) using the corridor approach. (b) Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (c) At December 31, 2009, prepare a schedule reconciling the funded status of the pension plan with the pension amounts reported in the financial statements.
Question 5
"Please complete this for me. I am extended the time to 24+. I need completion this time. I am counting on you. I am a new memeber to Course Hero and so far my experience has not been anything positive. "I have attached the readings so that the question below may be answered. I would really appreciate it if you could get thid back to me before the assigned due date/time. Will I need to make any changes before turning in to the instructor or worry about plagarism? Please help me out. It would be so awsome of you.. Thank you. Ensure that you repeat the case question in full and verbatim on the title page of your submission. Excluding your title and reference pages, your paper should be no more than three pages long. Place any detailed calculations in an appendix, (not counted in the page limit), after the references. Please submit your case for grading by the end of this module. CASE EXPECTATIONS It is expected that you will use information from the background readings as well as the case articles and any good quality sources you can find. Please cite all sources and provide a reference list at the end of the paper. The following will be assessed in particular: ? Your demonstrated understanding of the marketing concepts central to the case question. ? Your demonstrated understanding of factors related to the development of an effective pricing strategy through the analysis you conduct in the context of the case. The criteria used for assessment will be those explained on the MOD01 Home page, namely: ? Focus. ? Breadth. ? Depth. ? Critical thinking. ? Effective and appropriate communication skills. Write a 2-3 page paper in which you answer the following case question: Amazon's Kindle 2.0 was priced at $359 and delivery started in February 2009. The price was dropped to $300 in July after a newer model with a larger screen, the Kindle DX, was launched, priced at over $400. In January 2010 Apple announced the launch of the iPad, the lowest priced version of which was to sell for $499. Assume that you are in charge of the pricing of the Kindle models. Explain what methods are open to you to price your products and the factors that you should take into account in deciding on these prices. Then assume that you are responsible for deciding the future pricing of Kindle models over the next year. What prices are being charged now and what would you recommend Amazon charge? Why?
