Homework For You

Students will be expected to post their first initial discussion board posting by Friday of each week. Discussion posts will be graded and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. Students are …

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Which of the following statements is true regarding ethical issues accompanying budgeting?Easy target incentives are eliminated through budgeting.The conflicts of biased budgeting can be avoided in a decentralized firm.Conflicts of interest do not arise when employees are asked for input to help establish a budget.If budget targets are difficult to meet, employees could turn to …

of the following statements is true regardin… Read More »

  1.On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?A-100%B-15%C-61%D-Cannot be determined2.A-76%B-61%C-31%D-24%3.On a common size income statement for this year, what is the percentage that would be shown next to the dollar amount of cost of goods sold?A-19%B-76%C-24%D-31%

Cherrie is a resident individual. She receives the following amounts from her various investments during the year: • $2,000 – Fully franked dividend from a resident public company with an imputation credit of $800. • $3,000 – Un-franked dividend from a non-resident company. • $5,000 – Un-franked dividend from a resident private company. • $7,000 …

is a resident individual. She receives the… Read More »

Imagine you are the senior accountant at your organization, and management is not sure of the difference between a change in accounting estimate and a change in accounting principle. Briefly discuss the difference between a change in accounting estimate and a change in accounting principle, and outline the impact the changes will have on the …

you are the senior accountant at your orga… Read More »

On January 1, 2014, Brown Corp. acquired 40% (10,000 shares) of Blue Company common stock for $1,000,000 as a long-term investment. Data from Blue’s 2014 financial statements include the following:Net income                                             $500,000Less cash dividends paid                       200,000Increase in retained earnings               $300,000        The market value of Blue Company common stock on December 31,2014 was $95 per …

January 1, 2014, Brown Corp. acquired 40% (10,0… Read More »

The Regal Cycle Company manufactures three types of bicycles—a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow:MountainBikesManagement is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special …

Regal Cycle Company manufactures three types o… Read More »

If the investment required is %(510,000) and PV at 10% disc. $614.500=1.2049 rounded 1.20 connect tells me I’m wrong. how do I calculate Profitability Index?

Comment: Need Help in Answering Required 1 and 2.You have j ust been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the …

Need Help in Answering Required 1 and 2.
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