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Midlands Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of £410,000 on sales of £1,800,000. The companyâ??s average operating assets for the year were £2,000,000 and its minimum required rate of return was 12%. (The currency in the United Kingdom is the pound, denoted by £.)
Required:
Compute the company's residual income for the year. (Omit the "£" sign in your response.)
Discuss the ethical issues
Preparing the direct materials budget: It takes three pounds of direct materials to produce the Regular product and five pounds of direct materials to produce the Deluxe product.
Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced.
A firm currently has a 36 day cash cycle. Assume that the firm changes its operations such that it decreases its receivables period by 4 days, increases its inventory period by 1 day and decreases its payable period by 2 days.
The Dallas plant of Oscar Chemical processes talphazine into zetazine and gammazine. A batch consists of 20,000 gallons of talphazine, costing $11,000.
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
Please give a 4-6 page with references about the information attached. This information will be employed as informative guidance to assist me completing the work prescribed. In particular analyzing and explaining financials.
ABC Company pays for purchases 40% in the month of purchase, and the balance in the following month. Recent purchases have been:
Calculate the number of gizmos required to break even under present price and cost conditions. Calculate how many units would have to be sold to meet the profit target for each of the suggested options
The payroll bank account is reconciled by the chief accountant, who also prepares the several quarterly and annual tax reports.
The following table presents the weekly average of direct materials costs per unit for two products. How could the manager of the department that makes these products use this information?
This individual assignment is based on the TerraCycle Inc.
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