Check Figures for Problems and Cases Chapter 1 No check figures Chapter 2 Problem 2-13 Boxes for packaging: variable‚ direct Problem 2-14 Depreciation: fixed‚ manufacturing overhead‚ sunk Problem 2-15 (3) Cloth used: variable‚ direct Problem 2-16 (1) Cost of goods manufactured: $310‚000 Problem 2-17 No check figure Problem 2-18 (1) Cost of goods manufactured: $290‚000 Problem 2-19 (1) Total variable cost: $321‚000 Problem 2-20 Clay and glaze: variable‚ direct materials
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Goods are purchased on credit to improve cash flow. 6. Kitchen staff need to account for the amount of materials used. Inventory records need to be continuously updated by the stock clerk when stock movements are involved. The senior manager needs to perform daily stock taking and compare
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Chapter 4 15. For discrete compounding‚ to find the EAR‚ we use the equation: EAR = [1 + (APR / m)]m – 1 = .0719‚ or 7.19% EAR = [1 + (.07 / 4)]4 – 1 EAR = [1 + (.16 / 12)]12 – 1 = .1723‚ or 17.23% = .1163‚ or 11.63% EAR = [1 + (.11 / 365)]365 – 1 To find the EAR with continuous compounding‚ we use the equation: EAR = er – 1 EAR = e.12 – 1 = .1275‚ or 12.75% 23. Although the stock and bond accounts have different interest rates‚ we can draw one time line‚ but we need to remember to
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A busy supermarket You could almost see the heat blasting out the glass doors through the face of the man who walked into the store. A prominent almost motionless man looking like a guard‚stood outside the store seeking for bother. In the car park was an unattended trolley moving forward ever so slightly due to the breezy weather. A young woman with a baby who was yelling like there was no tomorrow seemed to look extremely distressed and although her age‚ few wrinkles seemed to appear on her forehead
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recordkeeping can be obtained at office supply stores. Many small firms rely primarily on their cash register to gather most of the information needed for their financial records. In addition to printing receipts for customers‚ cash registers maintain printed tapes of the details of each sales transaction. This information can be used to enter data into the business’s accounting records. However‚ cash registers record only information on customer sales‚ which is an incomplete record of the financial
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1272)(0.6086) = $823‚691 Q3.22 Use the cash flow diagram below to calculate the amount of money in year 5 that is equivalent to all the cash flows shown‚ if the interest rate is 12% per year. Amt‚ year 5 = 1000(F/A‚12%‚4)(F/P‚12%‚2) + 2000(P/A‚12%‚7)(P/F‚12%‚1) = 1000(4.7793)(1.2544) + 2000(4.5638)(0.8929) = $14‚145 Q 3.30 Find the value of x in the diagram below that will make the equivalent present worth of the cash flow equal to $15‚000‚ if the interest rate is 15%
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Recent unforeseen external events have caused significant cash flow issues and shook the family business. Livoria is hoping to see annual net income of $1.1 million by 2015. This report will provide alternatives and the pros and cons of initiating these alternatives. A recommendation of one of the alternatives as well as an implementation plan will be provided to assist in obtaining the goal‚ maintaining profitable and alleviating the cash flow issue. Current Situation Livoria is facing an unforeseen
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Business School case studies and will focus on learning techniques of financial analysis‚ selecting an appropriate valuation model‚ analyzing the quality of financial data‚ finding an appropriate discount rate‚ and forecasting financial variables and cash flows. Corporate Finance course is strongly suggested as a prerequisite. Consult with faculty if this can be waived. Course Materials Textbooks: 1. Principles of Corporate Finance by R.A. Brearly‚ S. Myers‚ and F. Allen‚ 10th edition* 2. Analysis
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usually gathered at the POS (Point of Sale terminal or cash register) and recorded when a customer checks out (excluding obtaining the identity of the customer which is covered in Q3)? [list of items] a. List of items i. Type of good purchased (Clothing‚ equipment‚ etc.) ii. The price of individual good iii. Number of items purchased iv. Total amount spent during trip v. Method of payment (Cash‚ debit‚ credit‚ etc.) b) What are three important uses
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the other hand‚ Madesco should not be entered into a commitment that it may creates losses for locking a cash flow payment that it may never happened in case the Germans decide to not buy the microchips. That is why we recommend Madesco to buy a put option of DMs. Madesco‚ in case the deal go through‚ will have the right (but not the obligation) to exercise its options and protect its cash flows in terms of Dollar in case DM appreciates. In case the deal never goes through‚ the company knows from
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