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Bilkins Financial Advisors provides accounting and finance assistance to customers in the retail business. They have 4 professionals on staff, plus an office with 6 clerical staff. Total compensation, including benefits, for the professional staff runs about $576,000 per year, and they normally have about 8,000 billable hours per year. Professional staff keep detailed timesheets distributed by client number. Office and administrative costs total $754,000 a year. What is the cost allocation rate that Bilkins will use for direct labor i.e. the cost of the professional staff?
Metro Express has 5 sales employees, each of whom earns $4,000 per month and is paid on the last working day, of the month. Each employee, wages are subject to FICA social security taxes of 6.2% and Medicare taxes of 1.45% on all wages.
The fixed costs are $450,000, andMorino is in the 30% corporate tax bracket. What are the sales(dollars) required to earn a net income (after tax) of$25,000?
Innova Discs has two divisions-Standard and Premium. Each division has hundreds of different types of golf discs and disc golf products. The following information is available:
Moran corporation has these accounts at December 31:common stock,$10 par, 5000 shares issued,$50,000;paid in capital in excess of par value $18,000, retained earning $42,000, and treasury stock-common, 500 share,$12,000. Prepare the stock holders ..
Yuli Copters is known to be aggressive in ignoring intellectual property claims. Imagine they just go ahead with the project as stated above - How does this strategy work for them
You received an email from Carl the operations manager from the California Container division. They produce packaging for cell phones. Carl understands that his product is an important cash producer for the company.
you have won a lottery. you will receive 200000 after taxes each year for the next 5 years. describe the process you
big thumbs company manufactures portable flash drives for computers. big thumbs incurs monthly depreciation costs of
refer to the annual report of campbell soup in appendix a. a. compute campbell soups working capital at the end of year
lizana clinic uses client-visits as its measure of activity. during december the clinic budgeted for 3700 client-visits
Kim is measuring her retirement plan. Assume she has $500,000 when she retires in an account that earns at an effective annual rate of 9%.
Develop a memo in response to the President's questions in which you discuss unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation. How can EEC avoid these behaviors? How should E..
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