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Part 1Question 1: Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?Question 2: Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related to manufacturing?Question 3: If we […]

6. ABC Inc. is considering an investment of $1,564 million with after-tax cash inflows of $408 million per year for six years and an additional after-tax salvage value of 24 million in Year 6. The required rate of return is 9%. What is the investment’s Profitability Index (PI)?7. Suppose the nominal rate is 16.14% and […]

This assignment examines:*The importance of your selected organization as a system*The principles of Total Quality Management*The role of quality in your organization’s success.In the role of quality management within an organization, write a report for upper management that addresses what you have observed. Read and analyze summaries of the scenes from the “Case Study – […]

1.Sunk costs:impact the future.are relevant.differ among the alternatives.are not considered when evaluating new proposals.ServicePro provides two kinds of services. During the most recent accounting period, the two service lines produced the following operating results: 2.If the company stops providing Service 2:The company’s income will increase by $1,500 per year.The company’s income will decrease by $3,500 […]

The financial statements of the Novak Corp. reports net sales of $384000 and accounts receivable of $48000 and $32400 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Novak?8 times5 times13 times10 times

The KG Corporation has average an ROE of 14% over the past 5 Years and that should continue into the future. The firm has a payout ratio of 69% on earnings per share of $6.44 and paid the dividend yesterday. The discount rate for a firm of KJ’s risk level is 14% .a. What is […]

Imagine yourself at a fair playing one of the midway games. Pick a game and calculate the expected value and post your results along with how you calculated them. For example, you may decide to throw a basketball to try to win a $10 bear. You paid $2.00 for three shots. What is the expected […]

1. Lisa Company had 175 units in beginning inventory at a total cost of $21,525. The company purchased 350 units at a total cost of $56,000. At the end of the year, Lisa had 140 units in ending inventory.(a)Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and […]

September 3 Paid in cash the set up of the web site. It expects to last the whole life of this business $2,000.Is the $2000 spent on the website, considered an asset for the whole life of the business, or does it depreciate?

In 2013, Southwest Airlines acquired AirTran Airlines, continuing a trend of airline takeovers and mergers evident in recent years. Despite increasing demand in travel for both business and pleasure, this industry continues to struggle to be profitable. The airline industry (like many others) has problems with public relations and perceptions, as well as simply being […]