User Homework Solutions

converging role of accounting and information systems Due to the converging role of accounting and information systems in AB Hi-Fi, students are required to discuss with their group members and prepare a report according to the attached case study below.Case Study: AB Hi-FiAB Hi-Fi is a multi-store retail business that sells products such as DVDs, CDs, mp3 players, game consoles and TVs. In addition, AB Hi-Fi also sells music, games and DVDs via

Other / Other Other / Other 27 Oct 2017

Business Assignment- Commercial airplane Assume that a commercial airplane manufacturing company's annual fixed costs for the widebody passenger jet are $1,425 million, and its variable cost per airplane is $90 million. The price for a 240-passenger plane with a range up to 4,010 miles is about $105 million per plane.1.Compute the company's break-even point in number of widebody passenger jets and in dollars of sales.2.Suppose the company plans

Other / Other Other / Other 27 Oct 2017

Business Assignment- Cattle Company Cattle Company sold inventory with a cost of $40000 to its 90%-owned subsidiary, Range Corp., for $100000 in 20X1. Range resold $75000 of this inventory for $100000 in 20X1. Based on this information, the amount of inventory reported on the consolidated financial statements at the end of 20X1 is:

Other / Other Other / Other 27 Oct 2017

Business Assignment- Annual interest rate In exchange for a $400 million fixed commitment line of credit, your firm has agreed to do the following:> Pay 2.1% quarter on any funds actually borrowed.> Maintain a 4 % compensating balance on any funds actually borrowed.> Pay an up-front commitment fee of 0.15% percent of the amount of the line.Based on the information above answer the following:a. Ignoring the commitment fee, what is the ef

Other / Other Other / Other 27 Oct 2017

Factoring resource constraints into product mix decisions Factoring resource constraints into product mix decisionsRose Incorporated manufactures two types of vases, small and large. The following per-unit data are available.Small Vase Large VaseSale price $60 $100Variable costs $35 $60Machine hours required for 1 vase 1 2Total fixed costs are $600,000, and Rose Incorporated can sell a maximum of 25,000 units of each type of vase annually. Machi

Other / Other Other / Other 27 Oct 2017

Business Assignment- primary financial statements What are the four primary financial statements? Explain in your own words, what information is shown in each financial statement? If you were an investor, what statement would you turn to first when looking to invest in the company and why? Have you ever reviewed the financial statements for a company you've worked for or invested in?

Other / Other Other / Other 27 Oct 2017

Business Assignment- US Pumps is a multidivisional firm US Pumps is a multidivisional firm that manufactures and installs chemical piping and pump systems. Its valve division makes a single standardized valve. The valve division and installation division currently are involved in a transfer-pricing dispute. Last year, half of the valve division’s output was sold to the installation division for $40 and the remaining half was sold to outsid

Other / Other Other / Other 27 Oct 2017

Business Assignment- Why would a company Why would a company buy back its own stock? Should this be allowed (why or why not)? Why is the accounting of the repurchase of a company's own stock different from the purchase of another company's stock? Does this make sense to you?

Other / Other Other / Other 27 Oct 2017

Business Assignment-Temporary accounts *At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry. * As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how to construct an Unadjusted Trial Balan

Other / Other Other / Other 27 Oct 2017

Business Assignment- Cash Basis of Accounting What types of businesses use the Cash Basis of Accounting? How are revenues and expenses recognized in a Cash Basis business? Hos is this different in a business that uses the accural basis of accounting? Which is more common and why?

Other / Other Other / Other 27 Oct 2017