Uncategorized

The Copperfield Mining Company owns two mines, which produce three grades of ore: high, medium, and low. It cost Copperfield $200 per hour to mine ore from mine 1, and it cost $160 per hour to mine ore from mine 2. The company developed the following mathematical model to determine the number of hours it […]

Problem Reed’s  Company  case (excel Answer)     1. Calculate a few ratios and compare Reed’s results with industry averages. (Some industry averages are shown in Exhibit 16.4.) What do these ratios indicate?   Why does Holmes want Reed’s to have an inventory reduction sale, and what does he think will be accomplished by it? Jim […]

The ABC Publishing CompanyÂ’s 2010 balance sheet and income statement are as follows (in millions of dollars): USE ATTACHED DATA** ABC and its creditors have agreed upon a voluntary reorganization plan. In this plan, each share of the $6 preferred will be exchanged for one share of $2.40 preferred with a par value of $37.50 […]

The following data were taken from the records of Blumbey Manufacturing Company for the fiscal year ended June 30, 2012.Raw Materials Inventory 7/1/11  $47,680  Factory Insurance  $4,690 Raw Materials Inventory 6/30/12  39,750  Factory Machinery Depreciation  15,950 Finished Goods Inventory 7/1/11  96,200  Factory Utilities  27,430 Finished Goods Inventory 6/30/12  96,280  Office Utilities Expense  8,730 Work in […]

Ray Tracing Exercise   By Friday, August 30, please complete the following exercise on ray tracing.   For this exercise, you will draw a ray tracing diagram for each question.    Your ray tracing diagram should show the image location for each question answered.   In addition, verify the image location by solving the lens […]

The current sections of Bellinham Inc.’s balance sheets at December 31, 2009 and 2010, are presented here. Bellinham’s net income for 2010 was $153,000. Depreciation expense was $24,000. 2010 2009 Current assets Cash $105,000 $99,000 Accounts receivable 110,000 89,000 Inventory 158,000 172,000 Prepaid expenses 27,000 22,000 Total current assets $400,000 $382,000 Current liabilities Accrued expenses […]

Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26, 2007 through September 25, 2008 Sales Sales $8,334.00 Cost of Sales $5,458.00 Gross Margin $2,876.00 Operating expenses: R & D $525.00 Selling, General, and Administrative $691.00 In-process R & D ——— Restructuring costs ——— Total Operating Exp $1,216.00 Operating income $1,660.00 Total […]

                                                                                                                                                                                                                                                                                                                                                     Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at […]

1. The following information was made available from the income statement and balance sheet of Lauren Company. Item 12/31/10 12/31/09 Accounts Receivable $53,400 58,600 Accounts Payable 35,600 32,700 Merchandise Inventory 85,000 79,000 Sales (2010) 243,000 Interest Revenue (2010) 5,600 Dividend Revenue (2010) 1,200 Tax Expense (2010) 12,300 Salaries Expense (2010) 28,000 COGS (2010) 65,000 Interest […]

You have been hired to manage a small manufacturing (attached file)   Q-3 Input Factors You have been hired to manage a small manufacturing facility which has cost and production data given in the table below.                           Total                            Total Workers     Labor Cost      Output     Revenue      1                $500             100          $700      2                1000             280          1150      3                1500             440          1440      4                2000             540          1570      5                2500             […]