Please answer all questions and show work in a separate excell worksheet. Thanks

Chesapeake Co. manufactures fine dining tables. During the most productive month of the year, 3,500 ta bles were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 tables at a cost of $46,000. Using the high-low method of cost estimation, total fixed costs in August for Chesap eake are: Question 1 options: a. $56,000 b. $28,400 c. $17,600 d. cannot be determined from the data given Save Question 2 (5 points) What is the break-even sales (units) for Morgana Video Edits LLC if fixed costs are $250,000, the unit sel ling price is $105, and the unit variable costs are $65, Question 2 options: a. 3,846 units b. 2,381 units c. 10,000 units d. 6,250 units Save Question 3 (5 points) What is the amount of sales required by Morgana Video Edits LLC to realize an operating income of $200 ,000 if fixed costs are $1,400,000, the unit selling price is $220, and the unit variable costs are $120, Question 3 options: a. 14,000 units b. 12,000 units c. 16,000 units d. 13,333 units Save Question 4 (5 points) What is the break-even sales (units) required by Morgana Video Edits LLC if fixed costs are reduced by $ 40,000 if fixed costs are $300,000, the unit selling price is $25, and the unit variable costs are $20, Question 4 options: a. 60,000 units b. 52,000 units c. 62,000 units d. 64,000 units Save Question 5 (5 points) On January 1, 2006,Morgana Video Edit Services issued 10% bonds with a face value of $100,000. The bonds are sold for $97,000. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2010. Morgana records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31, 2006, is Question 5 options: $9400 $9700 $10,000 $10,600 Save Question 6 (5 points) What is the amount of working capital for Elise Catering Services Based on the following data,? Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Question 6 options: a. $238,000 b. $138,000 c. $178,000 d. $64,000 Save Question 7 (5 points) What is the quick ratio for Elise Catering Services, rounded to one decimal point based on the following d ata Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses Question 7 options: a. 2.4 b. 3.4 c. 2.1 2,000 d. 1.5 Save Question 8 (5 points) What is the accounts receivable turnover for Elise Catering Services based on the following data for the c urrent year? Net sales on account during year $ 400,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 Question 8 options: a. 10.0 b. 11.4 c. 8.9 d. 4.0 Save Question 9 (5 points) Alaska Fisheries Inc. owns 35% of voting stock of Flounder, Inc. During the year 2017, Flounder, Inc. earned profits of $310,000. Under the equity method, which of the following journal entries will Alaska Fisheries record? Question 9 options: Long-term InvestmentsFlounder, Inc. 310,000 Cash Cash 310,000 108,500 Dividend Revenue Cash 108,500 108,500 Long-term InvestmentsFlounder, Inc. Long-term InvestmentsFlounder, Inc. Revenue from Investments 108,500 108,500 108,500 Save Question 10 (5 points) Brielle Financial Services reports the following: 2006 Market price per share of common stock $25.00 Earnings per share on common stock 1.25 Which of the following statements is correct? Question 10 options: The price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnin nd of 2006. The price-earnings ratio is 10 and a share of common stock was selling for 20 times the amount of earnings per share at the end of 20 . The price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnin nd of 2006. The market price per share and the earnings per share are not statistically related to each other. Save Question 11 (5 points) Maryland Dry Cleaners reports net income on the income statement for the current year in the amount of $275,000 . Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,00 0, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $ 50,000 $ 60,000 Accounts receivable 112,000 108,000 Inventories 105,000 93,000 Prepaid expenses 4,500 6,500 Accounts payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepar ed by the indirect method by Trang Cleaners' accountants? Question 11 options: a. $198,000 b. $324,000 c. $352,000 d. $296,000 Save Question 12 (5 points) Maryland Dry Cleaners owns a building with a book value of $ 45,000 is sold for $50,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows: Question 12 options: . an increase of $45,000 from investing activities . an increase of $50,000 from investing activities and a deduction from net income of $5,000 . an increase of $50,000 from investing activities . an increase of $45,000 from investing activities and an addition to net income of $5,000 Save Question 13 (5 points) Maryland Dry Cleaners sold Equipment with an original cost of $50,000 and accumulated depreciation of $20,000 at a loss of $7,000. As a result of this transaction, Maryland's cash would Question 13 options: a. increase by $23,000 b. decrease by $7,000 c. increase by $43,000 d. decrease by $30,000 Save Question 14 (5 points) Select one item below that can be classified as a manufacturing overhead cost? Question 14 options: depreciation on factory plant and equipment wages paid to assembly line workers administration charges of showroom cost of direct materials used Save Question 15 (5 points) The accounts of Larsen Manufacturing showed the following balances at the beginning of December: Account Raw Materials Inventory Debit $56,000 Work-in-Process Inventory 76,000 Finished Goods Inventory 36,000 Manufacturing Overhead 19,000 The following transactions took place during the month: November 12: Issued direct materials $23,000 and indirect materials $6,000 to production. November 25 Incurred $6,000 and $4,000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work-in-Process Inventory following these transactions? Question 15 options: $105,000 $82,000 $59,000 $80,000 Save Question 16 (5 points) Venkat Manufacturing forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual mac hine hours are 100,000 hours. If Venkat Manufacturing uses a predetermined overhead rate based on ma chine hours for applying overhead, what is that overhead rate? Question 16 options: a. $80 per machine hour b. $120 per machine hou-7r c. $40 per machine hour d. $60 per machine hour Save Question 17 (5 points) Venkat Manufacturing forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual mac hine hours are 100,000 hours. If Venkat Manufacturing uses a predetermined overhead rate based on ma chine hours for applying overhead, as of this point in time (year to date) the overhead is over/under applie d by? Question 17 options: a. $2,000,000 over b. $2,000,000 under c. $4,000,000 over d. $4,000,000 under Save Question 18 (5 points) Norman Geological Services is to receive $30,000 in two years, at 12% compounded annually, What is th e PV of this money (rounded to nearest dollar) Question 18 options: a. $23,916 b. $37,632 c. $23,700 d. $30,000 Save Question 19 (5 points) What is the inventory turnover for Brielle Financial Service based on the following data for the current yea r? Net sales on account during year $ 500,000 Cost of merchandise sold during year 330,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 Question 19 options: a. 3.3 b. 8.3 c. 3.7 d. 3.0 Save Question 20 (5 points) Venkat Manufacturing during the period incurs labor costs on account amounted to $225,000 including $ 195,000 for production orders and $30,000 for general factory use. In addition, factory overhead applied t o production was $17,000. From the following, select the entry Venkat's accountants will use to record th e actual factory overhead costs incurred. Question 20 options: Accounts Payable 30,000 a. Factory Overhead Factory Overhead 30,000 17,000 b. Accounts Payable Work in Process 17,000 30,000 c. Factory Overhead 30,000 Factory Overhead 30,000 Wages Payable 30,000 d. Save