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Techno enterprises is a manufacturer of microchips (referred to as chips). Its production process is complex and involves more than 100 steps, starting with production of small, round silicon wafers and ending with chips being put into individual packages that protect them and provide connections to the products for which the chips are developed. The company uses a process costing system and has always made the simplifying assumption that wafers in production, but not yet finished, are 50 percent complete with respect to conversion costs. In the current year, the company has struggled due to a decline in computer sales and reduced demand for chips. To boost profit, the company has decided to start a very large number of wafers into production in the last few days of the year. Due to the use of ceramic carriers and other high performance features, the Techno Enterprises production process typically takes 30 days. A. Explain why starting a large number of wafers into production will boost profit even though the chips that ultimately result from the wafers are ones that have not been sold or even completed. Is the company's approach to boosting profit ethical?
Budgeting involves computation of cash budget - which is also its minimum required cash balance. There is an outstanding loan of $2,000 on March 1. Prepare a cash budget for March, April, and May.
Discuss how a company can use intercompany transactions to manipulate corporate earnings. Evaluate how the company has treated its intercompany transactions and whether or not you agree with this treatment. Explain.
Studios reported a net capital loss of $30,000 in year 5. It reported net capital gains of $14,000 in year 4 and $27,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover?
Assess the ethical considerations for information privacy
Use the graph in part (a) to determine the level of production x at which consumer expenditure is largest. What price p correspnds to maximum consumer expenditure?
What are the pros and cons of launching Foxy’s brand in the U.S. market? What distribution strategy would you recommend to Kluger and Orol? Why?
Which of the following is a current liability and Which of the following is true about accounts payable
Cayenne Corporation, an accrual basis taxpayer, has struggled to survive since its formation, six years ago. Calculate E&P for the year and determine Marty's tax consequences, assuming his basis is $65,000
Create a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April.
2) Give all required consolidation adjustment entries needed to prepare the consolidated financial statements as at 30 June 2010. The balance sheets and income statement of ABC Ltd and XYZ Ltd can be found on the worksheet.
he company’s policy is to begin each quarter with an inventory of direct materials equal to 30 percent of that quarter’s direct material requirements. Calculate budgeted direct materials purchases for the third quarter.
Evaluate the weighted-average number of shares used in earnings per share calculations?
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