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1.Cornerstone Exercise 12-14 (Algorithmic) Calculating Residual IncomePelican Manufacturing earned operating income last year as shown in the following income statement:Sales$531,250Cost of goods sold280,000   Gross margin$251,250Selling and administrative expense184,700   Operating income$66,550At the beginning of the year, the value of operating assets was $390,000. At the end of the year, the value of operating assets was $460,000. Pelican requires […]

Present Value: Questions 1. You have an expected liability (cash outflow) of $500,000 in 10 years, and you use a discount rate of 10%. a. How much would you need right now as savings to cover the expected liability? b. How much would you need to set aside at the end of each year for […]

1. eBookeBookeBookeBook Exercise 12-19 Types of Responsibility CentersFor each of the independent scenarios, indicate the type of responsibility center involved (cost, revenue, profit, or investment).Terrin Belson, plant manager for the laser printer factory of Compugear Inc., brushed his hair back and sighed. December had been a bad month; two machines had broken down, and some […]

7. Consider a new design of a military airplane, that is crewed by 8 men without passengers. This airplane shall cruise at Ma = 0.6, at a height of 30,000 ft. It shall carry a special payload in terms of electronic warfare equipments with a total weight of 20,000 lb. Assuming the airplane shall be […]

Read attached documents for details on assignment. Report informing on your Readiness to live/work in another country ASSIGNMENT OVERVIEW Write a progress report (in memo format) to your boss, informing her of what you have learned about ‘x’ country and your readiness to live/work in that country. Assume your work for a company (you choose), […]

1.eBookeBookeBookeBookeBookeBookeBookeBook VideoVideoVideoVideoVideoVideoVideoVideo Cornerstone Exercise 9-30 (Algorithmic)Preparing a Schedule of Cash Collections on Accounts ReceivableKailua and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Kailua expects that, on average, 20 percent will be paid in the month of billing, 50 percent will be […]

Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $250,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $46,000 per year. Now that the investment has been in operation for […]

Caine Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $200,000 and has an estimated useful life of 8 years with zero salvage value. Management estimates that the new bottling machine will provide net annual cash flows of $34,000. Management also believes that the new bottling machine will save […]

3.  Calculate the ending inventory of drums for December of the prior year, and for January and February . Round your answers to the nearest whole drum. Ending inventory for December:   _________________   drums Ending inventory for January:   _________________   drums Ending inventory for February:   _________________   drums 4. Prepare a direct materials […]

Assignment is due by April 1, 11:00 PM Eastern Time (about 2 hours from now).   The purpose of the reflection for this week is for you to report on your understanding of research report writing and the impact of audience-centered communication to your instructor.    Please review the section “How to Write a Reflection” at the […]