Goldman, Inc lead crystal glasses

Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.30 per pound. The actual result for one month’s production of 6,900 glasses was 1.3 pounds per glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and… Continue reading Goldman, Inc lead crystal glasses

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Time value of money problems

Calculate the following time value of money problems using Microsoft® Excel®: If we place $8,592.00 in a savings account paying 7.5 percent interest compounded annually, how much will our account accrue to in 9.5 years? What is the present value of $992 to be received in 13.5 years from today if our discount rate is 3.5 percent?… Continue reading Time value of money problems

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Two-Rivers Inc. (TRI) manufacturers

Purpose of Assignment   This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability.     Two-Rivers Inc. (TRI) manufactures a variety… Continue reading Two-Rivers Inc. (TRI) manufacturers

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Key milestones and /or deliverables

  1. Provide a brief summary of your chosen project.– Levels of Achievement:Unacceptable 0- 69% F 0 (0%) – 10.35 (6.9%)Fair 70-79% C 10.5 (7%) – 11.85 (7.9%)Proficient 80-89% B 12 (8%) – 13.35 (8.9%)Exemplary 90-100% A 13.5 (9%) – 15 (10%) 2. Describe at least three (3) project goals and three (3) project objectives.– Levels of Achievement:Unacceptable 0- 69% F 0 (0%) – 20.7 (13.8%)Fair 70-79% C 21 (14%) – 23.7 (15.8%)Proficient 80-89% B 24 (16%) – 26.7 (17.8%)Exemplary 90-100% A 27 (18%) – 30 (20%)… Continue reading Key milestones and /or deliverables

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Occidental Petroleum Corporation

Case 1: Occidental Petroleum Corporation Occidental Petroleum Corporation reported the following information in a recent annual report. Occidental Petroleum Corporation (a)  What items other than coin and currency may be included in “cash”? (b) What items may be included in “cash equivalents”? (c) What are compensating balance arrangements, and how should they be reported in financial statements?… Continue reading Occidental Petroleum Corporation

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Lombard Company high-speed widget

Lombard Company is contemplating the purchase of a new​ high-speed widget grinder to replace the existing grinder. The existing grinder was purchased 2 years ago at an installed cost of $55,300​; it was being depreciated​ straight-line for 5 years. The existing grinder is expected to have a usable life of 5 more years. The new… Continue reading Lombard Company high-speed widget

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Crest Corporation expenditures

OBJECTIVE  The objective of this exercise is to perform appropriate research and analysis and to prepare reports with the answers to the questions in at least two research problems from the list below. -The report should appropriately reference any sources used. Primary sources are, of course, preferable. RESEARCH PROBLEMS 1. Crest Corporation, a calendar-year taxpayer,… Continue reading Crest Corporation expenditures

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