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jims_landscaping_banner_inc._photos_inc__grater_inc._xyz.xlsx 1.  Jim’s Landscaping is in a business of maintaining and improving yards in the surrounding areas. The company bases its overhead cost budgets on the following data: Variable overhead costs: Supplies $4 per yard Machine maintenance $2 per yard Chemicals $6 per yard  Fixed Overhead: Salaries and wages $2,300 per month Depreciation $800 per […]

Using your company or a real-world example from your research, respond to the following: Describe how technology is changing the face of businesses today. Describe the most critical business processes that utilize information systems in your selected company. Explain how IT makes the company’s business processes faster, cheaper, more accurate, and customer-savvy than that of […]

1. Jones Inc. computes its predetermined overhead rate annually on the basis of machine hours. At the beginning of the year it estimated that its total manufacturing overhead would be $900,000 and the total machine hours (mh) would be 45,000. Its actual total manufacturing overhead for the year was $995,000 and its actual machine hours were […]

1) Travelers Aids most recent Income statement follows Total                                                                     Per Unit    Sales (3000 units)             […]

1. The following is a list of activities that occur for a company that sells many different types of products. Please classify each as either unit-level (U), batch-level (B), product-level (P), or organization-sustaining activity (O):packing labor wagesmaterials-handling labor wagespart administrators’ salaries plant management salariesproduction scheduling staff salariescost of servicing production equipment, based on hours usedproperty […]

Note: All interest rates are to be assumed to be yearly interest rates.   Question 1 (10 points) 1. You wish to deposit $500 per month into an account for 36 months. Assume your interest rate is equal to the prime interest rate.               a) How much do you have (total) in the account […]

Annuities and Sinking Funds 1. You need to know how annuities work because many financial planners advise their clients to have them for retirement planning. Do you think that you need them? If so, then how old should you be when you buy one? What part does the stock market play in an annuity? There […]

Condensed financial data of Arma Inc. follow.     ARMA INC. Comparative Balance Sheets December 31 Assets 2011   2010 Cash $90,800    $48,400  Accounts receivable 92,800    33,000  Inventories 112,500    102,850  Prepaid expenses 28,400    26,000  Investments 138,000    114,000  Plant assets 270,000    242,500  Accumulated depreciation (50,000)   (52,000)      Total $682,500   […]

E8-6: Nova Co. On December 31, 2011, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Nova Co. estimates that 9% of its accounts receivable balance of $90,000 will become uncollectible and records the necessary adjustment to the Allowance for Doubtful Accounts. On May 11, 2012, Nova Co. determined that J. Rast’s […]

Indicate whether each of the following transactions records an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity. a. Depreciation Expense 11,000             Accumulated Depreciation 11,000b. Treasury Stock 7,800            Cash 7,800c. Land 83,000           Cash […]