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Access the September 24, 2011, 10-K report for Apple, Inc. (Ticker AAPL), filed on October 26, 2011, from the EDGAR filings at www.sec.gov.
Required:
1. What products are manufactured by Apple?
2. What inventory method does Apple use?
3. Compute its gross margin and gross margin ratio for the 2011 fiscal year. Comment on your computations assume an industry average of 40% for the gross margin ratio.
4. Compute its inventory turnover and days sales in inventory for the year ended September 24, 2011. Comment on your computations assume an industry average of 40 for inventory turnover and 9 for days sales in inventory.
Performed services for patients who had dental plan insurance. At January 31, $750 of such services was earned but not yet billed to the insurance companies.
GHI Company makes light-weight canoes for campers. The president, George Ingalls, enlists your help in predicting the effects of some changes he is contemplating. He gives you the following information:
Explain the rationale and limitations for the application of the Normal Distribution as an approximation for other types of probability distributions
Design a Balanced Scorecard for Pioneer Company and consider the following: Using the information that you have gleaned from the interviews, suggest two possible strategies that could be employed by Pioneer Company.
To assist in providing new revenues to the federal government, some have proposed a value added tax (VAT) similar to those employed in the United Kingdom and Canada. What are the pros and cons of introducing this kind of national sales tax? Explai..
Develop scatter diagrams showing overhead costs against each of the proposed independent variables. Comment on whether these scatter diagrams indicate that linearity is a reasonable assumption for each.
Compute the cost of direct materials purchased during the year and compute the predetermined overhead rate that was used during the past year.
The allowance for uncollectible accounts currently has a credit balance of $900. After analyzing the accounts in the accounts receivable subsidiary ledger, the company's management estimates that uncollectible accounts will be $15,000.
When using a normal costing system, manufacturing overhead is applied using the ______________ manufacturing overhead rate and the _______________ quantity of allocation base.
Develop an executive summary of your findings in a Microsoft PowerPoint presentation format to present to Executive Management.
UNIT2 BD 4PARAGRAPH. What additional factors must the controller consider before deciding on an allocation base for the indirect manufacturing cost assignment to the departments?
Prepare a consolidation worksheet. Balfour Corporation acquired 100% of Tobac Inc., a foreign corporation, for 33,000,000 FC.
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