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ACC 543 Flexible Budgets Team Paper
ACC 543 Capital Budget Recommendation
ACC 543 Aspects of Employment and Environment Paper and PowerPoint
ACC 543 Exercise 24-1 Net Present Value/Present Value Index
ACC 543 Exercise 24-8A: Determining the Internal Rate of Return
ACC 543 Exercise 24-6A: Determining Net Present Value
ACC 543 Exercise 24-5B: Purchase of Popcorn Machine
2. ACC 543 Aspects of Employment and Environment Paper and
PowerPoint (UOP)
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Aspects of Employment and Environment Paper and PowerPoint You are
an accountant at a small accounting firm. One of your clients is looking
to open a small river-rafting business. Your client will run the business
operations from a mobile home office on a piece of land on the riverbank.
Your client must decide the best location to start this business and has
asked you to explain the accounting advantages of choosing the best
location.
3. ACC 543 Capital Budget Recommendation (UOP)
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Capital Budget Recommendation Guillermo Furniture, a company that
manufactures midgrade and high-end sofas, has just hired you as an
accountant. The owner, Guillermo Navallez, has assigned you the tasks of
determining which decisions provide the greatest returns. Read the
Guillermo Furniture Scenario and review the Guillermo Furniture Data
Sheets on your student Web site. Enter your name in cell A3 of the
Income Information tab in the Guillermo Furniture Data Sheets. Submit
the exact name you entered to your instructor.
4. ACC 543 Entire Course (UOP)
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ACC 543 Flexible Budgets Team Paper
ACC 543 Capital Budget Recommendation
ACC 543 Aspects of Employment and Environment Paper and
PowerPoint
ACC 543 Exercise 24-1 Net Present Value/Present Value Index
ACC 543 Exercise 24-8A: Determining the Internal Rate of Return
ACC 543 Exercise 24-6A: Determining Net Present Value
ACC 543 Exercise 24-5B: Purchase of Popcorn Machine
5. ACC 543 Exercise 15-6B (UOP)
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Exercise 15-6B Fixed versus variable cost behavior Professional Chairs
Corporation produces ergonomically designed chairs favored by
architects. The company normally produces and sells from 5,000 to 8,000
chairs per year. The following cost data apply to various production
activity levels. Required a. Complete the preceding table by filling in the
missing amounts for the levels of activity shown in the first row of the
table. b.
6. ACC 543 Exercise 15-12B (UOP)
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Exercise 15-12B Effect of cost structure on projected profits Logan and
Martin compete in the same market. The following budgeted income
statements illustrate their cost structures. Required a. Assume that Logan
can lure all 80 customers away from Martin by lowering its sales price to
$75 per customer. Reconstruct Logan’s income statement based on 160
customers.
7. ACC 543 Exercise 15-17A Identifying Cost Behavior (UOP)
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Exercise 15-17A: Identifying Cost Behavior Identify the following costs
as fixed or variable. Costs related to plane trips between San Diego,
California, and Orlando, Florida, follow. Pilots are paid on a per trip
basis. a. Pilots’ salaries relative to the number of trips flown. b.
Depreciation relative to the number of planes in service. c. Cost of
refreshments relative to the number of passengers. d. Pilots’ salaries
relative to the number of passengers on a particular trip.
8. ACC 543 Exercise 16-9A (UOP)
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Exercise 16-9A Mimosa Corporation expects to incur indirect overhead
costs of $72,000 per month and direct manufacturing costs of $11 per
unit. The expected production activity for the first four months of 2007 is
as follows. Required a. Calculate a predetermined overhead rate based on
the number of units of product expected to be made during the first four
months of the year. b. Allocate overhead costs to each month using the
overhead rate computed in Requirement a. c. Calculate the total cost per
unit for each month using the overhead allocated in Requirement b.
9. ACC 543 Exercise 18-17A (UOP)
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Exercise 18-17A Hamby Company had 250 units of product in its work
in process inventory at the beginning of the period and started 2,000
additional units during the period. At the end of the period, 750 units
were in work in process inventory. The ending work in process inventory
was estimated to be 60 percent complete. The cost of work in process
inventory at the beginning of the period was $3,420, and $27,000 of
product costs was added during the period
10. ACC 543 Exercise 18-17B: Process Cost System Cost of Production
Report (UOP)
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Exercise 18-17B: Process Cost System Cost of Production Report At the
beginning of 2004, Dozier Company had 1,800 units of product in its
work in process inventory, and it started 19,200 additional units of
product during the year. At the end of the year, 6,000 units of product
were in the work in process inventory. The ending work in process
inventory was estimated to be 50 percent complete. The cost of work in
process inventory at the beginning of the period was $9,000, and
$108,000 of product costs was added during the period.
11. ACC 543 Exercise 19-24A: Assessing Simultaneous Changes in CVP
Relationships (UOP)
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Exercise 19-24A: Assessing Simultaneous Changes in CVP Relationships
Green Shades Inc. (GSI) sells hammocks; variable costs are $75 each,
and the hammocks are sold for $125 each. GSI incurs $250,000 of fixed
operating expenses annually. Required a. Determine the sales volume in
units and dollars required to attain a $50,000 profit.
12. ACC 543 Exercise 22-6A Using a flexible budget to accommodate
market uncertainty (UOP)
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Exercise 22-6A Using a flexible budget to accommodate market
uncertainty According to its original plan, Katta Consulting Services
Company would charge its customers for service at $200 per hour in
2006. The company president expects consulting services provided to
customers to reach 40,000 hours at that rate. The marketing manager,
however, argues that actual results may range from 35,000 hours to
45,000 hours because of market uncertainty. Katta’s standard variable
cost is $90 per hour, and its standard fixed cost is $3,000,0
13. ACC 543 Exercise 24-1 Net Present Value/Present Value Index (UOP)
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Exercise 24-1 Net Present Value/Present Value Index The management
team at Savage Corporation is evaluating two alternative capital
investment opportunities. The first alternative, modernizing the
company’s current machinery, costs $45,000. Management estimates the
modernization project will reduce annual net cash outflows by $12,500
per year for the next five years. The second alternative, purchasing a new
machine, costs $56,500.
14. ACC 543 Exercise 24-3A: Present Value Analysis (UOP)
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Exercise 24-3A: Present Value Analysis Ginger Smalley expects to
receive a $300,000 cash benefit when she retires five years from today.
Ms. Smalley’s employer has offered an early retirement incentive by
agreeing to pay her $180,000 today if she agrees to retire immediately.
Ms. Smalley desires to earn a rate of return of 12 percent. Required a.
Assuming that the retirement benefit is the only consideration in making
the retirement decision, should Ms. Smalley accept her employer’s offer?
b. Identify the factors that cause the present value of the retirement
benefit to be less than $300,000.
15. ACC 543 Exercise 24-4A Determining the present value of an annuity
(UOP)
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Exercise 24-4A Determining the present value of an annuity The dean of
the School of Social Science is trying to decide whether to purchase a
copy machine to place in the lobby of the building. The machine would
add to student convenience, but the dean feels compelled to earn an 8
percent return on the investment of funds. Estimates of cash inflows from
copy machines that have been placed in other university buildings
indicate that the copy machine would probably produce incremental cash
inflows of approximately $8,000 per year.
16. ACC 543 Exercise 24-5A Determining net present value (UOP)
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Exercise 24-5A determining net present value Transit Shuttle Inc. is
considering investing in two new vans that are expected to generate
combined cash inflows of $20,000 per year. The vans’ combined
purchase price is $65,000. The expected life and salvage value of each
are four years and $15,000, respectively. Transit Shuttle has an average
cost of capital of 14 percent.
17. ACC 543 Exercise 24-5B: Purchase of Popcorn Machine (UOP)
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Exercise 24-5B: Purchase of Popcorn Machine Heidi Kahn, manager of
the Grand Music Hall, is considering the opportunity to expand the
company’s concession revenues. Specifically, she is considering whether
to install a popcorn machine. Based on market research, she believes that
the machine could produce incremental cash inflows of $1,600 per year.
The purchase price of the machine is $5,000. It is expected to have a
useful life of three years and a $1,000 salvage value. Ms. Kahn has
established a desired rate of return of 16 percent.
18. ACC 543 Exercise 24-6A: Determining Net Present Value (UOP)
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Exercise 24-6A: Determining Net Present Value Travis Vintor is seeking
part-time employment while he attends school. He is considering
purchasing technical equipment that will enable him to start a small
training services company that will offer tutorial services over the
Internet. Travis expects demand for the service to grow rapidly in the first
two years of operation as customers learn about the availability of the
Internet assistance. Thereafter, he expects demand to stabilize.
19. ACC 543 Exercise 24-8A: Determining the Internal Rate of Return
(UOP)
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Exercise 24-8A: Determining the Internal Rate of Return Medina
Manufacturing Company has an opportunity to purchase some
technologically advanced equipment that will reduce the company’s cash
outflow for operating expenses by $1,280,000 per year. The cost of the
equipment is $6,186,530.56. Medina expects it to have a 10-year useful
life and a zero salvage value.
20. ACC 543 Flexible Budgets Team Paper (UOP)
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Flexible Budgets Team Paper Write a paper of no more than 1,050 words
in which you discuss flexible budgets. Explain the relationship between
fixed and variable costs used in a flexible budget. Discuss the differences
between static and flexible budgets and how a flexible budget lends itself
to a cost-volume-profit analysis. Format your paper consistent with APA
guidelines