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Personal Budgeting
George Marcus, a recent college graduate, has been appointed by Taylor Corporation at a salary of $54,000 per year. In anticipation of his salary, George bought a $20,000 new ski boat and will pay for it at a rate of $425 per month, including interest, for five years. He also rented a condominium for $600 a month and bought a car on account for $350 a month. In addition, George figures that his other monthly expenses will be:
1. On the assumption that George also pays income and FICA taxes of 25 and 7.65%, respectively,prepare his monthly budget.
2. George plans to save enough money for a down payment on a house. If a $20,000 down payment is needed, how long will it take him to save the needed amount? (For this exercise, ignore interest on savings, and assume that George does not have any savings at the present time.)
City of Joseph Commercial Bank hired consultants to compute the costs of three products: checking accounts, personal loans, and the Gold visa card. The consultant identified the following activities, costs and activity drivers (annual data):
Houston-based Advanced Electronics manufactures audio speakers for desktop computers. The following data relates to period just ended when the company manufactured and sold 42,000 speaker sets:
Stanley Works is one of the companies you looked at in the job-order costing vs. process costing. Which type of costing do you think that company uses, process costing or job-order costing?
Projected Sales is the budgeting technique to aid companies project the budget for future term. What takes place if this figure is significantly wrong?
Vintech Company is planning to produce 1,800 units of product in 2011. Each unit requires 4 pounds of materials at $6 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor
Which of the following products would typically be accounted for using a job order costing system? Which would typically be accounted for using a process costing system?
What is generally true regarding overhead allocation to high-volume products versus low-volume products under the traditional costing system?
The president asks you to compare the alternatives on a total-annual-cost basis and on a per-unit basis for annual needs of 60,000 units. Which alternative seems more attractive?
What would be some particular examples of advantages and disadvantages of job order costing?
You're meeting with Georgia tomorrow to provide her specific direction on how to develop the budget for the county fair event portion of project. She has determined that the event will most likely involve the tent of some sort which contains table..
Question: Analyze the methods of capital investment appraisal , Explain briefly…
Select one acquisition the company has undertaken during recent history and explain details of the deal. About the merger and acquisition activity of the Coca Cola
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