Week2 Wiley Plus

In: Business and Management

Submitted By ganapathi
Words 669
Pages 3
E13-5 | |
The comparative balance sheets of Nike, Inc. are presented here. | NIKE INC. | Comparative Balance Sheets | May 31 | -------------------------------------------------
($ in millions) | Assets | 2007 | 2006 | Current assets | $8,076 | $7,346 | Property, plant, and equipment (net) | 1,678 | 1,658 | Other assets | -------------------------------------------------
934 | -------------------------------------------------
866 | Total assets | -------------------------------------------------
$10,688 | -------------------------------------------------
$9,870 | | | | Liabilities and Stockholders' Equity | | | Current liabilities | $2,584 | $2,612 | Long-term liabilities | 1,079 | 973 | Stockholders' equity | -------------------------------------------------
7,025 | -------------------------------------------------
6,285 | Total liabilities and stockholders' equity | -------------------------------------------------
$10,688 | -------------------------------------------------
$9,870 | | | | | |

|

| | | Correct. | | |
Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Round all percentages to 1 decimal place, e.g. 12.5.) NIKE, INC. | Condensed Balance Sheet | December 31 | -------------------------------------------------
($ in millions) | | | | Increase or (Decrease) | | 2007 | 2006 | Amount | Percentage | Assets | | | | | Current assets | $8,076 | $7,346 | $ | % | Property, plant and equipment (net) | 1,678 | 1,658 | | % | Other assets | -------------------------------------------------
934 | -------------------------------------------------
866 | ------------------------------------------------- |…...

Similar Documents

Acc 561 Assignment Wiley Plus Week 3

...This paperwork ACC 561 Assignment Wiley Plus Week 3 includes answers to these exercises: BE15-5 In January, Reyes Tool Dye requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and general factory use $600. During January, time tickets show that the factory labor of $5,000 was used as follows: Job 1 $1,200, Job 2 $1,600 Job 3 $1,400, and general factory use $800. Prepare the job cost sheets for each of the three jobs E16-1 Doc Gibbs has prepared the following list of statements about process cost accounting. Identify each statement as true or false. E17-9 Peter Catalano's Verde Vineyards in Oakville, California produces three varieties of wine: Merlot, Viognier, and Pinot Noir. His winemaster, Kyle Ward, has identified the following activities as cost pools for accumulating overhead and assigning it to products. For each of Verde's fifteen activity cost pools, identify a probable cost driver that might be used to assign overhead costs to its three wine varieties. Business - Accounting BE15-5 : In January, Reyes Tool Dye requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and general factory use $600. During January, time tickets show that the factory labor of $5,000 was used as follows: Job 1 $1,200, Job 2 $1,600 Job 3 $1,400, and general factory use $800. E16-1 : Doc Gibbs has prepared the following list of statements about......

Words: 379 - Pages: 2

Acc 561 Assignment Wiley Plus Week 5

...This file ACC 561 Assignment Wiley Plus Week 5 contains solutions to these exercises: E20-2 Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are as follows E20-5 Moreno Industries has adopted the following production budget for the first 4 months of 2011. BE21-4 Hannon Company expects to produce 1,200,000 units of Product XX in 2010. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Complete the flexible manufacturing budget for the relevant range value using 20,000 unit increments. E22-5 The standard cost of Product B manufactured by Mateo Company includes three units of direct materials at $5.00 per unit. During June, 28,000 units of direct materials are purchased at a cost of $4.70 per unit, and 28,000 units of direct materials are used to produce 9,000 units of Product B. Business - Accounting E20-2 Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense......

Words: 355 - Pages: 2

Acc 422 Week 2 – 5 Wiley Plus Exercises

...ACC 422 WEEK 2 – 5 WILEY PLUS EXERCISES To buy this click here http://www.coursehomework.com/product/acc-422-week-2-5-wiley-plus-exercises/ Contact us :+1 315-750-4434 help@coursehomework.com ACC 422 WEEK 2 - 5 WILEY PLUS EXERCISES - A+ WORK Week 2 Question 1 (Determine Cash Balance) Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180. 2. Checking account balance $500,000; an overdraft in special checking account at same bank as normal checking account of $17,000; cash held in a bond sinking fund $200,000; petty cash fund $300; coins and currency on hand $1,350. 3. Checking account balance $590,000; postdated check from customer $11,000; cash restricted due to maintaining compensating balance requirement of $100,000; certified check from customer $9,800; postage stamps on hand $620. 4. Checking account balance at bank $42,000; money market balance at mutual fund (has checking privileges) $48,000; NSF check received from customer $800. 5. Checking account balance $700,000; cash restricted for future plant expansion $500,000; short-term Treasury bills $180,000; cash advance received from customer $900 (not included in checking account balance); cash advance of $7,000 to company executive, payable on......

Words: 1039 - Pages: 5

Acc 561 Week 4 Assignment Wiley Plus - Latest

...ACC 561 Week 4 Assignment Wiley PLUS - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-561-Week-4-Assignment-Wiley-PLUS-Latest-54844894.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Exercise 15-5 Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $277,640 for the year, and machine usage is estimated at 126,200 hours. For the year, $291,977 of overhead costs are incurred and 130,300 hours are used. (a). Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.) (b) What is the amount of under- or overapplied overhead at December 31? (c) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Exercise 16-3 ledger of Custer Company has the following work in process account. Work in Process—Painting 5/1 Balance 3,870 5/31 Transferred out ? 5/31 Materials 6,750 5/31 Labor 4,800 5/31 Overhead 1,570 5/31 Balance ? Production records show that there were 440 units in the beginning inventory, 30% complete, 1,510 units started, and 1,510 units transferred out. The beginning work in......

Words: 589 - Pages: 3

Acc 561 Week 4 Assignment Wiley Plus - Latest

...ACC 561 Week 4 Assignment Wiley PLUS - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-561-Week-4-Assignment-Wiley-PLUS-Latest-54844894.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Exercise 15-5 Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $277,640 for the year, and machine usage is estimated at 126,200 hours. For the year, $291,977 of overhead costs are incurred and 130,300 hours are used. (a). Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.) (b) What is the amount of under- or overapplied overhead at December 31? (c) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Exercise 16-3 ledger of Custer Company has the following work in process account. Work in Process—Painting 5/1 Balance 3,870 5/31 Transferred out ? 5/31 Materials 6,750 5/31 Labor 4,800 5/31 Overhead 1,570 5/31 Balance ? Production records show that there were 440 units in the beginning inventory, 30% complete, 1,510 units started, and 1,510 units transferred out. The beginning work in......

Words: 589 - Pages: 3

Acc 561 Week 6 Assignment Wiley Plus - Latest

...ACC 561 Week 6 Assignment Wiley PLUS - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ACC-561-Week-6-Assignment-WileyPLUS-Latest-438493893.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Exercise 20-3 Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,560 1,750 2,200 2,740 Tax 3,110 2,750 2,140 2,790 Consulting 1,780 1,780 1,780 1,780 Average hourly billing rates are: auditing $82, tax $94, and consulting $105. Prepare the service revenue (sales) budget for 2012 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. Exercise 22-1 Stanton Company is planning to produce 2,100 units of product in 2012. Each unit requires 3.60 pounds of materials at $6.60 per pound and a half-hour of labor at $15.40 per hour. The overhead rate is 70% of direct labor. (a) Compute the budgeted amounts for 2012 for direct materials to be used, direct labor, and applied overhead. Direct materials $ Direct labor $ Overhead $ (b) Compute the standard cost of one unit of product. (Round......

Words: 674 - Pages: 3

Fin 571 Week 1 Wiley Plus Assignment Practice Quiz - Latest

...FIN 571 Week 1 Wiley PLUS Assignment Practice Quiz - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/FIN-571-Week-1-Wiley-PLUS-Assignment-Practice-Quiz-745944.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Multiple Choice Question 42 Which of the following business organizational forms subjects the owner(s) to unlimited liability? a) sole proprietorship b) partnership c) corporation d) a and b Multiple Choice Question 44 Which of the following business organizational forms is easiest to raise capital? a) sole proprietorship b) partnership c) corporation d) a and b Multiple Choice Question 50 Which organizational form best enables the owners of the firm to monitor the actions of other owners of the same firm? private corporation sole proprietorship partnership public corporation Multiple Choice Question 81 Which of the following factors or activities can be controlled by the management of the firm? Stock market conditions. Capital budgeting. The level of economic activity. The level of interest rates. Multiple Choice Question 82 The legal system and market forces impose substantial costs on individuals and institutions that engage in unethical behavior. Which of the following would not be an example of the above? Agency conflicts. Jail time. Financial losses. Legal fines. Multiple Choice Question 48 The most......

Words: 479 - Pages: 2

Fin 571 Week 2 Wiley Plus Practice Quiz New

...FIN 571 Week 2 Wiley PLUS Practice Quiz NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/FIN-571-Week-2-WileyPLUS-Practice-Quiz-NEW-5849944.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Multiple Choice Question 53 Which one of the following statements about trend analysis is NOT correct? It allows management to examine each ratio over time and determine whether the trend is good or bad for the firm. This benchmark is based on a firm's historical performance. The Standard Industrial Classification (SIC) System is used to identify benchmark firms. All of these are true statements. Multiple Choice Question 68 Coverage ratios: Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio? None of these 14.15 times 15.42 times 18.34 times Multiple Choice Question 68 Multiples analysis: Turner Corp. has debt of $230 million and generated a net income of $121 million in the last fiscal year. In attempting to determine the total value of the firm, an investor identified a similar firm in Jacobs, Inc., an all-equity firm. This firm had 150 million shares outstanding, a share price of $14.25, and net income of $182 million. What is the total value of Turner Corp.? Round to the nearest million dollars. $1,715 million $1,651 million $1,421 million $1,191 million Multiple......

Words: 454 - Pages: 2

Fin 571 Week 4 Wiley Plus Practice Quiz – New

...FIN 571 Week 4 Wiley PLUS Practice Quiz – NEW IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/FIN-571-Week-4-WileyPLUS-Practice-Quiz-NEW-690505555.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Multiple Choice Question 66 Present value: Tommie Harris is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.) $38,850 $23,474 $16,088 $26,625 Multiple Choice Question 61 PV of multiple cash flows: Jack Stuart has loaned money to his brother at an interest rate of 5.75 percent. He expects to receive $625, $650, $700, and $800 at the end of the next four years as complete repayment of the loan with interest. How much did he loan out to his brother? (Round to the nearest dollar.) $2,250 $2,545 $2,713 $2,404 Multiple Choice Question 63 PV of multiple cash flows: Hassan Ali has made an investment that will pay him $11,455, $16,376, and $19,812 at the end of the next three years. His investment was to fetch him a return of 14 percent. What is the present value of these cash flows? (Round to the nearest dollar.) $33,124 $36,022 $41,675 $39,208 Multiple Choice Question 65 PV of multiple cash flows: Pam Gregg is expecting cash flows of $50,000, $75,000, $125,000, and $250,000 from an inheritance over the next four years. If she can earn 11 percent on any......

Words: 642 - Pages: 3

Acc 422 Week 2 – 5 Wiley Plus Exercises

...A++PAPER;http://www.homeworkproviders.com/shop/acc-422-week-2-5-wiley-plus-exercises/ ACC 422 WEEK 2 – 5 WILEY PLUS EXERCISES ACC 422 WEEK 2 – 5 WILEY PLUS EXERCISES, ALL Week Included E13-13 (Contingencies) Presented below are three independent situations. Answer the question at the end of each situation. 1. During 2010, Maverick Inc. became involved in a tax dispute with the IRS. Maverick’s attorneys have indicated that they believe it is probable that Maverick will lose this dispute. They also believe that Maverick will have to pay the IRS between $800,000 and $1,400,000. After the 2010 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2010? 2. On October 1, 2010, Holmgren Chemical was identified as a potentially responsible party by the Environmental Protection Agency. Holmgren’s management along with its counsel have concluded that it is probable that Holmgren will be responsible for damages, and a reasonable estimate of these damages is $6,000,000. Holmgren’s insurance policy of $9,000,000 has a deductible clause of $500,000. How should Holmgren Chemical report this information in its financial statements at December 31, 2010? 3. Shinobi Inc. had a manufacturing plant in Darfur, which was destroyed in the civil war. It is not certain who will compensate Shinobi for this destruction, but Shinobi has been......

Words: 688 - Pages: 3

Acc 422 Week 2 – 5 Wiley Plus Exercises

...ACC 422 WEEK 2 – 5 WILEY PLUS EXERCISES A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-2-5-wiley-plus-exercises Visit Our website: http://hwsoloutions.com/ Description: ACC 422 WEEK 2 – 5 WILEY PLUS EXERCISES, ALL Week Included E13-13 (Contingencies) Presented below are three independent situations. Answer the question at the end of each situation. 1. During 2010, Maverick Inc. became involved in a tax dispute with the IRS. Maverick’s attorneys have indicated that they believe it is probable that Maverick will lose this dispute. They also believe that Maverick will have to pay the IRS between $800,000 and $1,400,000. After the 2010 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2010? 2. On October 1, 2010, Holmgren Chemical was identified as a potentially responsible party by the Environmental Protection Agency. Holmgren’s management along with its counsel have concluded that it is probable that Holmgren will be responsible for damages, and a reasonable estimate of these damages is $6,000,000. Holmgren’s insurance policy of $9,000,000 has a deductible clause of $500,000. How should Holmgren Chemical report this information in its financial statements at December 31, 2010? 3. Shinobi Inc. had a manufacturing plant in Darfur, which was destroyed in the civil war. It is not certain who will......

Words: 695 - Pages: 3

Acc 422 Week 2 – 5 Wiley Plus Exercises

...ACC 422 WEEK 2 – 5 WILEY PLUS EXERCISES To purchase this, Click here http://www.activitymode.com/product/acc-422-week-2-5-wiley-plus-exercises/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 422 WEEK 2 - 5 WILEY PLUS EXERCISES - A+ WORK Week 2 Question 1 (Determine Cash Balance) Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180. 2. Checking account balance $500,000; an overdraft in special checking account at same bank as normal checking account of $17,000; cash held in a bond sinking fund $200,000; petty cash fund $300; coins and currency on hand $1,350. 3. Checking account balance $590,000; postdated check from customer $11,000; cash restricted due to maintaining compensating balance requirement of $100,000; certified check from customer $9,800; postage stamps on hand $620. 4. Checking account balance at bank $42,000; money market balance at mutual fund (has checking privileges) $48,000; NSF check received from customer $800. 5. Checking account balance $700,000; cash restricted for future plant expansion $500,000; short-term Treasury bills $180,000; cash advance received from customer $900 (not included in checking account balance); cash advance of $7,000 to company executive, payable on demand; refundable deposit...

Words: 1039 - Pages: 5

Acc 422 Wiley Plus Exercises

...ACC 422 WILEY PLUS EXERCISES To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC422WILEYPLUSEXERCISES/328 contact us at: help@mindblows.us ACC 422 WILEY PLUS EXERCISES Week 2 Question 1 (Determine Cash Balance) Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180. 2. Checking account balance $500,000; an overdraft in special checking account at same bank as normal checking account of $17,000; cash held in a bond sinking fund $200,000; petty cash fund $300; coins and currency on hand $1,350. 3. Checking account balance $590,000; postdated check from customer $11,000; cash restricted due to maintaining compensating balance requirement of $100,000; certified check from customer $9,800; postage stamps on hand $620. 4. Checking account balance at bank $42,000; money market balance at mutual fund (has checking privileges) $48,000; NSF check received from customer $800. 5. Checking account balance $700,000; cash restricted for future plant expansion $500,000; short-term Treasury bills $180,000; cash advance received from customer $900 (not included in checking account balance); cash advance of $7,000 to company executive, payable on demand; refundable deposit of $26,000 paid to federal government to......

Words: 1432 - Pages: 6

Acc 422 Wiley Plus Exercises

...ACC 422 WILEY PLUS EXERCISES TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-422-wiley-plus-exercises/ Contact us at: SUPPORT@WISEAMERICAN.US ACC 422 WILEY PLUS EXERCISES Week 2 Question 1 (Determine Cash Balance) Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180. 2. Checking account balance $500,000; an overdraft in special checking account at same bank as normal checking account of $17,000; cash held in a bond sinking fund $200,000; petty cash fund $300; coins and currency on hand $1,350. 3. Checking account balance $590,000; postdated check from customer $11,000; cash restricted due to maintaining compensating balance requirement of $100,000; certified check from customer $9,800; postage stamps on hand $620. 4. Checking account balance at bank $42,000; money market balance at mutual fund (has checking privileges) $48,000; NSF check received from customer $800. 5. Checking account balance $700,000; cash restricted for future plant expansion $500,000; short-term Treasury bills $180,000; cash advance received from customer $900 (not included in checking account balance); cash advance of $7,000 to company executive, payable on demand; refundable deposit of $26,000 paid to federal......

Words: 1025 - Pages: 5

Wiley Plus

...bottlesNumber of gallons processedNumber of cartfulsNumber of shipmentsGallons of juice 15. Maintenance of buildings and equipment. Printing, repairs, replacements, and general maintenance are performed in the off-season. Number of shipmentsGallons of juiceNumber of gallons processedGallons of wine or months of agingLabor hoursGallons of chemicalsNumber of cartfuls or labor hoursNumber of cartfulsNumber of bottlesNumber of boxes Click here if you would like to Show Work for this question By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 3 used Copyright © 2000-2012 by John Wiley & Sons, Inc. or related companies. All rights reserved....

Words: 797 - Pages: 4