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business
managerial accounting decision making

Questions and Answers of Managerial Accounting Decision Making

Effects of Transactions on Various Ratios [LO3]Selected amounts from Reingold Company’s balance sheet from the beginning of the year follow:During the year, the company completed the following
Dropping or Retaining a Segment [LO2]Dexter Products, Inc., manufactures and sells a number of items, including an overnight case. The company has been experiencing losses on the overnight case for
Material and Labor Variances [LO1, LO2]Sonne Company produces a perfume called Whim. The direct materials and direct labor standards for one bottle of Whim are given below:During the most recent
Working Backwards from Labor Variances [LO2]The Worldwide Credit Card, Inc., uses standards to control the labor time involved in opening mail from card holders and recording the enclosed
Labor and Variable Manufacturing Overhead Variances [LO2, LO3]Hollowell Audio, Inc., manufactures military-specification compact discs. The company uses standards to control its costs. The labor
Incomplete Statements; Analysis of Ratios [LO2, LO3, LO4]Incomplete financial statements for Tanner Company are given below:Tanner Company Income Statement For the Year Ended December 31 Sales . . .
Ethics and the Manager [LO3]Mountain Aerosport was founded by Jurgen Prinz to produce a ski he had designed for doing aerial tricks. Up to this point, Jurgen has financed the company with his own
Common-Size Financial Statements [LO1]Refer to the financial statement data for Hedrick Company given in Problem 15–16 .Required:For both this year and last year:1. Present the balance sheet in
Comprehensive Ratio Analysis [LO2, LO3, LO4]You have just been hired as a loan officer at Fairfield State Bank. Your supervisor has given you a file containing a request from Hedrick Company, a
Effects of Transactions on Various Financial Ratios [LO2, LO3, LO4]In the right-hand column below, certain financial ratios are listed. To the left of each ratio is a business transaction or event
Interpretation of Financial Ratios [LO2, LO3]Being a prudent investor, Sally Perkins always investigates a company thoroughly before purchasing shares of its stock for investment. Ms. Perkins is
Financial Ratios for Common Stockholders [LO2]Refer to the financial statements and other data in Problem 15–11 . Assume that you have just inherited several hundred shares of Modern Building
Common-Size Statements and Financial Ratios for Creditors [LO1, LO3, LO4]Modern Building Supply sells various building materials to retail outlets. The company has just approached Linden State Bank
Trend Percentages [LO1]Starkey Company’s sales, current assets, and current liabilities (all in thousands of dollars) have been reported as follows over the last five years (Year 5 is the most
Selected Financial Ratios for Common Stockholders [LO2]Selected financial data from the September 30 year-end statements of Kosanka Company are given below:Total assets . . . . . . . . . . . . . . .
Selected Financial Ratios for Common Stockholders [LO2]Refer to the financial statements for Madison Company in Exercise 15–6 . Assets at the beginning of the year totaled $1,100,000, and the
Selected Financial Ratios for Common Stockholders [LO2]Refer to the financial statements for Madison Company in Exercise 15–6 . In addition to the data in these statements, assume that Madison
Selected Financial Ratios [LO3, LO4]Recent financial statements for Madison Company follow:Madison Company Balance Sheet June 30 Assets Current assets:Cash . . . . . . . . . . . . . . . . . . . . . .
Selected Financial Measures for Short-Term Creditors [LO3]Rightway Products had a current ratio of 2.5 on June 30 of the current year. On that date, the company’s assets were as follows:Cash . . .
Financial Ratios for Long-Term Creditors [LO4]Refer to the data in Exercise 15–2 for Heritage Antiquing Services.Required:Compute the following financial ratios for long-term creditors for this
Financial Ratios for Short-Term Creditors [LO3]Refer to the data in Exercise 15–2 for Heritage Antiquing Services.Required:Compute the following financial data for short-term creditors for this
Financial Ratios for Common Stockholders [LO2]Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not
Common-Size Income Statement [LO1]A comparative income statement is given below for Ryder Company:Ryder Company Comparative Income Statement This Year Last Year Sales . . . . . . . . . . . . . . . .
Prepare and Interpret a Statement of Cash Flows; Free Cash Flow [LO1, LO2, LO3]Sharon Feldman, president of Allied Company, considers $20,000 to be a minimum cash balance for operating purposes. As
Prepare and Interpret a Statement of Cash Flows [LO1, LO2]A comparative balance sheet for Alcorn Company containing data for the last two years is as follows:Alcorn Company Comparative Balance Sheet
Missing Data; Statement of Cash Flows [LO1, LO2]Estes Company listed the net changes in its balance sheet accounts for the past year as follows:Debits > Credits >Credits by: Debits by:Cash . . . . .
Prepare a Statement of Cash Flows [LO1, LO2]A comparative balance sheet and an income statement for Blankley Company are given below:Blankley Company Comparative Balance Sheet (dollars in
Classification of Transactions [LO1]Below are several transactions that took place in Mohawk Company last year:a. Bonds were retired by paying the principal amount due.b. Interest was paid to a
Prepare a Statement of Cash Flows; Free Cash Flow [LO1, LO2, LO3]Foxboro Company’s income statement for Year 2 follows:Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $700,000
Prepare a Statement of Cash Flows [LO1, LO2]A comparative balance sheet and income statement for Eaton Company follow:Eaton Company Comparative Balance Sheet December 31, 2011 and 2010 2011 2010
Understanding a Statement of Cash Flows [LO1, LO2]Logan Company is a merchandiser that prepared the statement of cash flows and income statement provided below:Logan Company Statement of Cash
Net Cash Provided by Operating Activities [LO2]Changes in various accounts and gains and losses on the sale of assets during the year for Weston Company are given at the top of the next page.Item
Prepare a Statement of Cash Flows [LO1, LO2]The following changes took place last year in Herald Company’s balance sheet accounts:Asset and Contra-Asset Accounts Liabilities and Equity Accounts
Prepare a Statement of Cash Flows; Free Cash Flow [LO1, LO2, LO3]Comparative financial statement data for Holly Company are given below:December 31 This Year Last Year Assets Cash . . . . . . . . . .
Calculating Free Cash Flow [LO3]Paisley Company prepared the following statement of cash flows for the current year:Paisley Company Statement of Cash Flows—Indirect Method Operating activities:Net
Net Cash Provided by Operating Activities [LO2]For the just completed year, Strident Company had net income of $84,000. Balances in the company’s current asset and current liability accounts at the
Classifying Transactions [LO1]Below are certain events that took place at Hazzard, Inc., last year:a. Paid bills to insurers and utility providers.b. Purchased equipment with cash.c. Paid wages and
Keep or Sell Property [LO1]Ben Ryatt, professor of languages at a southern university, owns a small office building adjacent to the university campus. He acquired the property 12 years ago at a total
Net Present Value Analysis of Securities [LO1]Anita Vasquez received $160,000 from her mother’s estate. She placed the funds into the hands of a broker, who purchased the following securities on
Net Present Value Analysis [LO1]Frank White will retire in six years. He wants to open some type of small business operation that can be managed in the free time he has available from his regular
Net Present Value; Uncertain Future Cash Flows; Postaudit [LO1, LO3]“If we can get that new robot to combine with our other automated equipment, we’ll have a complete flexible manufacturing
Internal Rate of Return; Sensitivity Analysis [LO2]Dr. Heidi Black is the managing partner of the Crestwood Dental Clinic. Dr. Black is trying to determine whether or not the clinic should move
Net Present Value Analysis of a New Product [LO1]Atwood Company has an opportunity to produce and sell a revolutionary new smoke detector for homes. To determine whether this would be a profitable
Simple Rate of Return; Payback; Internal Rate of Return [LO2, LO5, LO6]Chateau Beaune is a family-owned winery located in the Burgundy region of France, which is headed by Gerard Despinoy. The
Simple Rate of Return; Payback [LO5, LO6]Nagoya Amusements Corporation places electronic games and other amusement devices in supermarkets and similar outlets throughout Japan. Nagoya Amusements is
Simple Rate of Return and Payback Analysis of Two Machines [LO5, LO6]Blue Ridge Furniture is considering the purchase of two different items of equipment, as described below:Machine A. A machine has
Net Present Value Analysis of a Lease or Buy Decision [LO1]Blinko Products wants an airplane for use by its corporate staff. The airplane that the company wishes to acquire, a Zephyr II, can be
Basic Net Present Value Analysis [LO1]Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries.These are now put on by hand. The machine that the bakery is
Simple Rate of Return; Payback [LO5, LO6]Lugano’s Pizza Parlor is considering the purchase of a large oven and related equipment for mixing and baking “crazy bread.” The oven and equipment
Net Present Value Analysis; Uncertain Cash Flows [LO1, LO3]Tiger Computers, Inc., of Singapore is considering the purchase of an automated etching machine for use in the production of its circuit
Preference Ranking of Investment Projects [LO4]Yancey Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four
Preference Ranking of Investment Projects [LO4]Austin Company is investigating four different investment opportunities. Information on the four projects under study is given below:Project Number 1 2
Basic Net Present Value Analysis [LO1]Renfree Mines, Inc., owns the mining rights to a large tract of land in a mountainous area. The tract contains a mineral deposit that the company believes might
Basic Net Present Value Analysis [LO1]On January 2, Fred Critchfield paid $18,000 for 900 shares of the common stock of Acme Company.Mr. Critchfield received an $0.80 per share dividend on the stock
Net Present Value Analysis of Two Alternatives [LO1]Wriston Company has $300,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are as
Uncertain Future Life [LO3]Worldwide Travel Service has made an investment in certain equipment that cost the company$307,100. The equipment is expected to generate cash inflows of $50,000 each
Basic Payback Period and Simple Rate of Return Computations [LO5, LO6]Martin Company is considering the purchase of a new piece of equipment. Relevant information concerning the equipment
Comparison of Projects Using Net Present Value [LO1]Sharp Company has $15,000 to invest. The company is trying to decide between two alternative uses of the funds as follows:Invest in Invest in
Internal Rate of Return and Net Present Value [LO1, LO2]Scalia’s Cleaning Service is investigating the purchase of an ultrasound machine for cleaning window blinds. The machine would cost $136,700,
Basic Net Present Value and Internal Rate of Return Analysis [LO1, LO2](Ignore income taxes.) Consider each case below independently.1. Minden Company’s required rate of return is 15%. The company
Working With Net Present Value [LO3]Mountain View Hospital has purchased new lab equipment for $134,650. The equipment is expected to last for three years and to provide cash inflows as follows:Year
Payback Period and Simple Rate of Return [LO5, LO6]The Heritage Amusement Park would like to construct a new ride called the Sonic Boom, which the park management feels would be very popular. The
Simple Rate of Return Method [LO6]The management of Wallingford MicroBrew is considering the purchase of an automated bottling machine for $80,000. The machine would replace an old piece of equipment
Payback Method [LO5]The management of Weimar, Inc., a civil engineering design company, is considering an investment in a high-quality blueprint printer with the following cash flows:Year Investment
Preference Ranking [LO4]Information on four investment proposals is given below:Investment Proposal A B C D Investment required . . . . . . . . . . . . . . $(85,000) $(200,000) $(90,000)
Uncertain Future Cash Flows [LO3]Union Bay Plastics is investigating the purchase of automated equipment that would save $100,000 each year in direct labor and inventory carrying costs. This
Internal Rate of Return [LO2]Pisa Pizza Parlor is investigating the purchase of a new $45,000 delivery truck that would contain specially designed warming racks. The new truck would have a six-year
Net Present Value Method [LO1]The management of Opry Company, a wholesale distributor of suntan products, is considering the purchase of a $25,000 machine that would reduce operating costs in its
Sell or Process Further [LO7]The Heather Honey Company purchases honeycombs from beekeepers for $2.00 a pound. The company produces two main products from the honeycombs—honey and beeswax. Honey is
Utilization of a Constrained Resource [LO5, LO6]The Brandilyn Toy Company manufactures a line of dolls and a doll dress sewing kit. Demand for the dolls is increasing, and management requests
Dropping or Retaining a Product [LO2]Tracey Douglas is the owner and managing director of Heritage Garden Furniture, Ltd., a South African company that makes museum-quality reproductions of antique
Make or Buy Analysis [LO3]“That old equipment for producing subassemblies is worn out,” said Paul Taylor, president of Timkin Company. “We need to make a decision quickly.” The company is
Relevant Cost Analysis in a Variety of Situations [LO2, LO3, LO4]Barker Company has a single product called a Zet. The company normally produces and sells 80,000 Zets each year at a selling price of
Close or Retain a Store [LO2]Thrifty Markets, Inc., operates three stores in a large metropolitan area. The company’s segmented absorption costing income statement for the last quarter is given
Make or Buy Decision [LO3]Bronson Company manufactures a variety of ballpoint pens. The company has just received an offer from an outside supplier to provide the ink cartridge for the company’s
Accept or Reject a Special Order [LO4]Pietarsaari Oy, a Finnish company, produces cross-country ski poles that it sells for €32 a pair. (The Finnish unit of currency, the euro, is denoted by €.)
Shutting Down or Continuing to Operate a Plant [LO2](Note: This type of decision is similar to dropping a product line.)Hallas Company manufactures a fast-bonding glue in its Northwest plant. The
Sell or Process Further [LO7](Prepared from a situation suggested by Professor John W. Hardy.) Abilene Meat Processing Corporation is a major processor of beef and other meat products. The company
Dropping or Retaining a Tour [LO2]Blueline Tours, Inc., operates tours throughout the United States. A study has indicated that some of the tours are not profitable, and consideration is being given
Identification of Relevant Costs [LO1]Steve has just returned from salmon fishing. He was lucky on this trip and brought home two salmon. Steve’s wife, Wendy, disapproves of fishing, and to
Make or Buy a Component [LO3]For many years, Diehl Company has produced a small electrical part that it uses in the production of its standard line of diesel tractors. The company’s unit product
Dropping or Retaining a Segment [LO2]Boyle’s Home Center, a retailing company, has two departments, Bath and Kitchen. The company’s most recent monthly contribution format income statement
Special Order [LO4]Glade Company produces a single product. The costs of producing and selling a single unit of this product at the company’s current activity level of 8,000 units per month
Utilization of a Constrained Resource [LO5, LO6]Banner Company produces three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product
Make or Buy a Component [LO3]Royal Company manufactures 20,000 units of part R-3 each year for use on its production line. At this level of activity, the cost per unit for part R-3 is:Direct
Identification of Relevant Costs [LO1]Samantha Ringer purchased a used automobile for $10,000 at the beginning of last year and incurred the following operating costs:Depreciation ($10,000 ÷ 5
Utilization of a Constrained Resource [LO5]Shelby Company produces three products: product X, product Y, and product Z. Data concerning the three products follow (per unit):Product X Product Y
Sell or Process Further [LO7]Morrell Company produces several products from processing krypton, a rare mineral. Material and processing costs total $30,000 per ton, one-third of which are allocated
Sell or Process Further [LO7]Solex Company manufactures three products from a common input in a joint processing operation.Joint processing costs up to the split-off point total $100,000 per year.
Managing a Constrained Resource [LO6]Georgian Ambience Ltd. makes fine colonial reproduction furniture. Upholstered furniture is one of its major product lines and the bottleneck on this production
Utilizing a Constrained Resource [LO5]Sport Luggage Inc. makes high-end hard-sided luggage for sports equipment. Data concerning three of the company’s most popular models appear below.Ski Golf
Evaluating a Special Order [LO4]Miyamoto Jewelers is considering a special order for 10 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a
Make or Buy a Component [LO3]Climate-Control, Inc., manufactures a variety of heating and air-conditioning units. The company is currently manufacturing all of its own component parts. An outside
Dropping or Retaining a Segment [LO2]Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson
Identifying Relevant Costs [LO1]A number of costs are listed below that may be relevant in decisions faced by the management of Poulsen & Sonner A/S, a Danish furniture manufacturer:Case 1 Case 2 Not
Internal Business Process Performance Measures [LO3]Exeter Corporation has recently begun a continuous improvement campaign. As a consequence, there have been many changes in operating procedures.
Creating Balanced Scorecards that Support Different Strategies [LO4]The Midwest Consulting Group (MCG) helps companies build balanced scorecards. As part of its marketing efforts, MCG conducts an
Return on Investment (ROI) Analysis [LO1]The contribution format income statement for Westex, Inc., for its most recent period is given below:The company had average operating assets of $500,000
Perverse Effects of Some Performance Measures [LO4]There is often more than one way to improve a performance measure. Unfortunately, some of the actions taken by managers to make their performance
Return on Investment (ROI) and Residual Income [LO1, LO2]Financial data for Bridger, Inc., for last year are as follows:Bridger, Inc.Balance Sheet Beginning Balance Ending Balance Assets Cash . . . .

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