Finance Problems (Present Value and Future Value Related)

Finance Problems (Present Value and Future Value Related) in $6 Only

You are saving for retirement. To live comfortably, you decide you will need to save $2 million by the time you are 65. Today is your 30th birthday, and you decide, starting today and continuing on every birthday up to and including your 65the birthday, that you will put the same amount into a savings account. If the interest rate is 5%, how much must you set aside each year to make sure that you will have $2 million in the account on your 65th birthday?
Problem #2
You realize that he plan in Problem #1 has a flaw. Because your income will increase over your lifetime, it would be more realistic to save less now and more later. Instead of putting the same amount aside each year, you decide to let the amount that you set aside grow by 3% per year. Under this plan, how much will you put into the account today? (Recall that you are planning to make the first contribution to the account today.)

Answer available.

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Accounting Misc. Problems Assignment

Accounting Misc. Problems Assignment in $8 only

Free Sample Answer is given below.

Problem 7-20 Claire Company produces Tablets and Books. Total overhead costs traditionally have been allocated on the basis of direct labor hours. After implementing activity-based costing, managers determined the following cost pools and cost drivers. They also decided that general costs should no longer be allocated to products.

Activity PoolDepartment CostsCost Driver
Binding$241,763Number of units
Printing820,821Machine hours
Product design185,198Change orders
General628,500None
Total overhead costs$1,876,282

Other information is as follows:

TabletsBooks
Units62,70020,300
Direct materials cost per unit$2.84$10.03
Direct labor cost per unit$4.02$8.08
Direct labor hours25,50016,400
Machine hours125,000121,000
Change orders1,4002,000
Calculate predetermined OH rate. (Round answer to 2 decimal places, e.g. 15.25.)

Predetermined OH rate$ /DLH
Determine the unit product cost for Tablets and Books using the traditional costing system. (Round overhead rate and final answers to 2 decmial places, e.g. 15.25.)

TabletsBooks
Unit product cost$$
Calculate ABC rates. (Round answers to 2 decimal places, e.g. 15.25.)

ABC rates
Binding$ /unit
Printing$ /machine hour
Product design$ /change order
Determine the unit product cost for Tablets and Books using the activity-based costing system. (Round all rates and final answers to 2 decmial places, e.g. 15.25.)

TabletsBooks
Total unit cost$$

Show that General cost is the difference between the total overhead costs allocated to products under the traditional system and the total cost allocated to products under the activity-based costing system.(Round answers to 0 decmial places, e.g. 1,525.)

TraditionalABCDifference
Total allocated overhead$$$

Sample Answer:

PREDETERMINED OVERHEAD RATE

= TOTAL OVERHEAD COST / TOTAL DIRECT LABOUR HOURS

= $1876282 / (25500 + 16400)

= $1876282 / 41900

= $44.78 PER DLH

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If you need any type of help regarding Homework, Assignments, Projects, Case study, Essay writing or anything else then just email us at [email protected]solvemyquestion.com.  We will get back to you ASAP. Do not forget to maintain the time frame you need you work to be done.

ACC291 Week 6 Individual Exercises and Problems

ACC291 Week 6 Individual Exercises and Problems in $14 only

Individual Exercises and Problems – Week Six Resources: Ch. 11 & 12 of Financial Accounting

Complete Exercises E11-15, E12-1, & E12-2
Complete Problem 11-6A.
Submit as a Microsoft® Excel® or Word document.

Individual Exercises and Problems – Week Six Resources: Ch. 11 & 12 of Financial Accounting
Complete Exercises E11-15, E12-1, & E12-2.
Complete Problem 11-6
A.Submit as a Microsoft® Excel® or Word document.E11-15 On October 31, the stockholders’ equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action:
(1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share.
Instructions

Managerial Accounting Assignment 20 Problems (2015)

Managerial Accounting Assignment 20 Problems (2015) $18 only (Instant Download)

Free Sample Answer Given Below.

Question 1:

At an activity level of 8,800 units, Pember Corporation’s total variable cost is $146,520 and its total fixed cost is $219,296. For the activity level of 8,900 units, compute the following values.

Required:

A. The total variable cost

B. The total cost

C. The average variable cost per unit

D. The average fixed cost per unit

E. The average total cost per unit

Note:Assume that the activity level is within the relevant range.