RESEARCH PROJECT – ACCOUNTING II 1. Nike‚ Inc. 2. Nike world headquarters location One Bowerman Drive Beaverton‚ Oregon 97005-6453 3. In 1950‚ before there was the Swoosh‚ before there was Nike‚ there were two visionary men who pioneered a revolution in athletic footwear that redefined the industry. Bill Bowerman who was constantly seeking ways to give his athletes a competitive advantage. and Phil Knight was a talented middle-distance runner from Portland
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manufacture overhead (for $25 to $20) and add an entry called “cost of unused capacity” to the budget income statement. The use of the new method raised some questions about how appropriate it would be and also if it is ethical to manipulate the numbers in the statements. 3. The new method based system will affect net operating income in a negative way. For the same amount of units sold we have $50.000 less income with the new method. 4. The new method based system will make it harder to perform the “hat
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Ethics; Predetermined Overhead Rate and Capacity Pat Miranda‚ the new controller of Vault Hard Drives‚ Inc.‚ has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the subject did not sound exciting at first‚ she found that there were some important ideas presented that should get a hearing at her company. After returning from the seminar‚ she arranged a meeting with the production manager‚ J. Stevens‚ and the assistant production manager
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Excel Income Statement Exercise: Creating a multiple-page workbook and income statement model. In this Excel exercise you will create a simple Excel worksheet that will model a simple income statement. In future exercises you will enhance the worksheet by adding additional features. If you are unfamiliar with the features of Microsoft Excel‚ you should complete a Spreadsheets tutorial before beginning this exercise. To complete this exercise‚ you will create two Excel worksheets in an Excel
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attributed to a growth in popularity as the company attracted nearly 8 million new subscribers‚ which led to $2.1 billion in total revenue as seen on the income statement. Continuing with the same report‚ accounting for the cost of goods sold‚ Netflix had a gross profit of $805 million‚ leading to a net income of roughly $160 million. Looking at the statement of cash flows for the year‚ there are a few major components that stand out. Over the course of the year‚ they bought back about $90 million dollars
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The following is Addison Corporation’s contribution format income statement for last month: The company has no beginning or ending inventories. A total of 20‚000 units were produced and sold last month. What is the company’s margin of safety in dollars? Answer $400‚000 $600‚000 $120‚000 $880‚000 . 10 points Question 2 The following is Addison Corporation’s contribution format income statement for last month: The company has no beginning or ending
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As at 31 December 2014‚ VietinBank total assets reached VND 661‚132 billion‚ increased by 14.7% from 2013‚ equivalent to 103% of target set at the General Meeting of Shareholders. Fund Mobilization: Thanks to numerous fund mobilization and structuring solutions‚ VietinBank continued to maintain stable capital growth in the past several years. Total funding as at 31 December 2014 was VND 595 trillion‚ an increase of 16.3% compared to that of 2013 and reached 104% of the target set at the General
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six weeks his budget‚ performance reports‚ financial statement analysis‚ sales forecasts‚ and most recently the store’s cost relationships and behaviors. The following analysis will discuss the importance of cost relationship behaviors and how that affects Guillermo’s management decisions. It will also cover the current Management Control System‚ the current break even-analysis‚ and finally the current: return on investment‚ residual income‚ and economic value added. Together these tools will
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Pre-Built Problems http://ezto.mhhm.mcgraw-hill.com/hm.tpx award: 5. 10 points Thrifty Markets‚ Inc.‚ operates three stores in a large metropolitan area. The company’s segmented absorption costing income statement for the last quarter is given below: Thrifty Markets‚ Inc. Income Statement For the Quarter Ended March 31 Uptown Total Store $3‚300‚000 $1‚300‚000 1‚612‚000 689‚000 1‚688‚000 611‚000 Sales Cost of goods sold Gross margin Downtown Westpark Store Store $600‚000 $1‚400‚000 357
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high-capacity battery for laptop computers-PEM‚ Inc.‚ has been experiencing difficulty for some time. The company’s contribution format income statement for the most recent month is given below: Sales (19‚500 units*$30 per unit) $585‚000 Variable expenses 409‚500 Contribution margin 175‚500 Fixed expenses 180‚000 Net operating loss $(4‚500) Required: 1. Compute the company’s CM ratio and its break-even point in both units and dollars
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