All Tutorials will be E-mailed immediately (automatically) after the Payment and can also be Downloaded by clicking on Tutorial Bucket.
Please Check your Spam Email if you do not get the Tutorial.
Click Here to Submit New Syllabus (If course has changed or if you need help with any other course)
Shopping Cart
Your shopping cart is empty!
ACC 561 Final Guide (New, with Excel File)
$35.00

ACC 561 Final Guide (New, with Excel File)

This Tutorial was purchased 4 times & rated A+ by student like you.

 

This Tutorial contains following Attachments

  • ACC 561 NNew Final Exam Guide (New With Excel Sheet).xlsx

This Tutorial contains Excel Sheet to solve Problem for any Values Exercise 1-6 (Part Level Submission) Calculate the net income. Prepare the 2017 retained earnings statement for Metlock.Inc Exercise 1-14 Wayne Holtz is the bookkeeper for Bramble Corp.. Wayne has been trying to get the balance sheet of Bramble Corp. to balance. It finally balanced, but now he’s not sure it is correct Exercise 2-9 Nordstorm, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. Compute working capital and current ratio at the beginning of the year and at the end of the year. P2-5A Problem 2-5A The following are financial statements of Nash's Trading Post, LLC. Nash's Trading Post, LLC Income Statement For the Year Ended December 31, 2017 Additional information: The net cash provided by operating activities for 2017 was $201,600. The cash used for capital expenditures was $110,700. The cash used for dividends was $32,630. The weighted-average number of shares outstanding during the year was 50,000. Expand Your Critical Thinking 13-4 The Coca-Cola company and PepsiCo, Inc. Provide refreshments to every corner of the world. Suppose selected data from recent consolidated financial statements for The Coca-Cola company and for PepsiCo, Inc. are presented here (in millions). Brief Exercise 212 (Part Level Submission) The following items were taken from the financial statements of Mint, Inc., over a three-year period: Compute the amount and percentage change from 2016 to 2017. Compute the amount and percentage change from 2017 to 2018. Exercise 15-4 Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. Multiple Choice Question 83 Barr Mfg. provided the following information from its accounting records for 2017: Expected production 60,000 labor hours Actual production 56,000 labor hours Budgeted overhead $900,000 Actual overhead $870,000 How much is the overhead application rate if Barr bases the rate on direct labor hours? Multiple Choice Question 94 If annual overhead costs are expected to be $750,000 and direct labor costs are expected to be $1,000,000, then if the activity base is direct labor costs: Multiple Choice Question 112 Gulick Company developed the following data for the current year: Beginning work in process inventory $240,000 Direct materials used 144,000 Actual overhead 288,000 Overhead applied 216,000 Cost of goods manufactured 264,000 Total manufacturing costs 720,000 Gulick Company's ending work in process inventory is Multiple Choice Question 43 Hartley Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20,000 units annually. Planter is a low-volume item totaling only 6,000 units per year. Flower requires one hour of direct labor for completion, while each unit of Planter requires 2 hours. Therefore, total annual direct labor hours are 32,000 (20,000 + 12,000). Expected annual manufacturing overhead costs are $960,000. Hartley uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of Planter would be assigned overhead of Exercise 17-1 Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company’s operations. Standard Custom Direct labor costs $50,000 $119,000 Machine hours 1,390 1,280 Setup hours 105 380 Total estimated overhead costs are $306,000. Overhead cost allocated to the machining activity cost pool is $197,000, and $109,000 is allocated to the machine setup activity cost pool. Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate % of direct labor cost Compute the overhead rates using the activity-based costing approach. Determine the difference in allocation between the two approaches Exercise 17-9 Air United, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 46 range instruments and 296 pressure gauges were produced, and overhead costs of $84,100 were estimated. An analysis of estimated overhead costs reveals the following activities. 1) Perdon Corporation manufactures safes—large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Perdon is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be allocated to each product line. The information shown below relates to overhead. Multiple Choice Question 55 An example of a cost which would not be assigned to an overhead cost pool is Multiple Choice Question 71 Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $3,000,000; and assembling, $1,500,000. Information on the two products is: Regular Supreme Direct labor hours 10,000 15,000 Machine hours 10,000 30,000 Number of parts 90,000 160,000 Overhead applied to Supreme using activity-based costing is Multiple Choice Question 124 Kingbird, Inc. began the year with retained earnings of $925000. During the year, the company issued $1274000 of common stock, recorded expenses of $3650000, and paid dividends of $242000. If Kingbird ending retained earnings was $985000, what was the company’s revenue for the year? Multiple Choice Question 122 Sheffield Corp. began the year by issuing $106000 of common stock for cash. The company recorded revenues of $1214000, expenses of $965000, and paid dividends of $56000. What was Sheffield net income for the year? Multiple Choice Question 131 Pharoah Company started the year with total assets of $219000 and total liabilities of $129000. During the year the business recorded $334000 in revenues, $171000 in expenses, and dividends of $54000. The net income reported by Pharoah Company for the year was Multiple Choice Question 135 If total liabilities decreased by $131500 and stockholders’ equity decreased by $42000 during a period of time, then total assets must change by what amount and direction during that same period? Multiple Choice Question 80 Use the following data to determine the total dollar amount of assets to be classified as current assets. Multiple Choice Question 78 Use the following data to determine the total amount of working capital. Multiple Choice Question 86 Swifty Corporation has assets of $3590000, common stock of $941000, and retained earnings of $600000. What are the creditors’ claims on their assets? Multiple Choice Question 102 The following information is available for Bradshaw Corporation and Newell Corporation: (in millions) Bradshaw Corporation Newell Corporation 2017 2016 2017 2016 Preferred dividends 25 10 0 30 Net income 500 480 490 520 Shares outstanding at the end of the year 200 180 150 200 Shares outstanding at the beginning at the year 180 150 200 220 Based on the information for both Bradshaw and Newell over the two-year period, the earnings per share calculations (rounded to two decimals) indicate that Multiple Choice Question 128 A company with $60,000 in current assets and $35,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will Multiple Choice Question 131 Splish Brothers Inc. had a balance in the Accounts Receivable account of $766000 at the beginning of the year and a balance of $864000 at the end of the year. Net credit sales during the year amounted to $6417000. The accounts receivable turnover was Multiple Choice Question 80 Use the following data to determine the total dollar amount of assets to be classified as current assets. Oriole Company Balance Sheet Multiple Choice Question 78 Use the following data to determine the total dollar amount of assets to be classified as current assets. Novak Corp. Balance Sheet Multiple Choice Question 86 Swifty Corporation has assets of $3590000, common stock of $941000, and retained earnings of $600000. What are the creditors’ claims on their assets? Multiple Choice Question 102 Based on the information for both Bradshaw and Newell over the two-year period, the earnings per share calculations (rounded to two decimals) indicate that Multiple Choice Question 128 A company with $60,000 in current assets and $35,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will Multiple Choice Question 131 Splish Brothers Inc. had a balance in the Accounts Receivable account of $766000 at the beginning of the year and a balance of $864000 at the end of the year. Net credit sales during the year amounted to $6417000. The accounts receivable turnover was Multiple Choice Question 134 Novak Corp. had a balance in the Accounts Receivable account of $813000 at the beginning of the year and a balance of $906000 at the end of the year. Net credit sales during the year amounted to $8068000. The accounts receivable turnover was Exercise 171 Moresan Co. gathered the following information on power costs and factory machine usage for the last six months: Exercise 19-18 Langdon Company produced 9,600 units during the past year, but only 8,500 of the units were sold. The following additional information is also available. There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory.

Write a review

Order Id


Order Id will be kept Confidential
Your Name:


Your Review:
Rating:   A   B   C   D   F  

Enter the code in the box below:



Related Tutorials
$40.00

This Tutorial was purchased 19 times & rated A+ by student like you.

To see the detail of any set click on related product or else please go to bus 475 final exam under categories listed on the home page ..
$55.00

This Tutorial was purchased 60 times & rated A+ by student like you.

ACC 561 Week 1 Individual Assignment Financial Statements (2 Papers) ACC 561 Week 2 Individual Assignment Accounting & The Regulatory Environment (2 Papers) ACC 561 Week 3 Team Assignment Financial Statement Analysis (2 Set) ACC 561 Week 4 Team Assignment Cost Accounting Systems (2 PPT) ..
$6.00

This Tutorial was purchased 20 times & rated A+ by student like you.

1. A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to 2. In incremental analysis, 3. Incremental analysis is most uesful 4. It costs Ross Co. $24 of variable and $10 of fixed costs to produce one bathroom scale whic..
$8.00

This Tutorial was purchased 53 times & rated A+ by student like you.

This Tutorial comes with Excel File to solve for any values Resource: WileyPLUS Complete the following Week 6 Assignment in WileyPLUS: • Exercises: 21-3 • Exercises: 23-1 • Brief Exercise 20-3 • Brief Exercise 20-4 • Brief Exercise 20-8 • Exercises: 20-3 • Exercises: 22-1 • Brief ..
$5.00

This Tutorial was purchased 12 times & rated No rating by student like you.

1.      Why are budgets useful in the planning process? 2.      A common starting point in the budgeting process is 3.      Which of the following statements about budget acceptance in an organization is true? ..
$7.00

This Tutorial was purchased 54 times & rated A by student like you.

Click the Assignment Files tab to submit your assignment. Write a paper of no more than 350 words after completing Exercise 19-17 in WileyPLUS in which you respond to the following questions: In this case, would it be better to use the variable or absorption costing method, ..
$8.00

This Tutorial was purchased 57 times & rated A+ by student like you.

This Tutorial comes with Excel File to solve for any values Resource: WileyPLUS Complete the following Week 5 Assignment in WileyPLUS: • Brief Exercise 18-8 • Brief Exercise 18-10 • Brief Exercise 18-11 • Expand Your Critical Thinking 18-1 • Brief Exercise 19-16 • Exercise 19-7 • Exerc..
$6.00

This Tutorial was purchased 58 times & rated A by student like you.

Resource: WileyPLUS Access the following Week 5 Assignment in WileyPLUS:  Broadening Your Perspective 18-1  Write a paper of no more than 750 words in which you respond to the Broadening Your Perspective 18-1 activity titled "Decision Making Across the O..
$6.00

This Tutorial was purchased 18 times & rated A+ by student like you.

Two Set—Scroll down to see all included Questions Under a job order cost system, costs are assigned to each job or to each batch of goods. A process cost system is used when a company manufactures a large volume of unique products. The two major steps in the job order cost flow are 1) accum..
$8.00

This Tutorial was purchased 39 times & rated No rating by student like you.

This Tutorial comes with Excel File to solve for any values Complete the following Week 4 Assignment in WileyPLUS: • Exercise 15-5 • Exercise 16-3 • Exercise 17-1 Exercise 15-5 Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expe..
$6.00

This Tutorial was purchased 29 times & rated No rating by student like you.

This Tutorial comes with Excel File to solve for any values Complete the following Week 4 Assignment in WileyPLUS: • Exercise 15-5 • Exercise 16-3 • Exercise 17-1 Exercise 15-5 Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expe..
$6.00

This Tutorial was purchased 11 times & rated A+ by student like you.

1.      A major purpose of cost accounting is to 2.      The two basic types of cost accounting systems are 3.      A process cost system would most likely be used by a company that makes 4.   &n..
$9.00

This Tutorial was purchased 28 times & rated A+ by student like you.

This Tutorial comes with Excel File to solve for any values Access the following Week 3 Assignment in WileyPLUS: • Brief Exercise 13-8 • Brief Exercise 13-8 (essay) • Brief Exercise 13-9 (essay) • Brief Exercise 13-4 • Brief Exercise 13-5 • Brief Exercise 13-10 • Brief Exercise 13-1..
$6.00

This Tutorial was purchased 6 times & rated No rating by student like you.

1.      The relationship between current assets and current liabilities is important in evaluating a company’s 2.      Which of the following is a measure of liquidity? 3.      Current assets divided by current lia..
$6.00

This Tutorial was purchased 6 times & rated No rating by student like you.

1.      The proprietorship form of business organization 2.      Most business enterprises in the United States are 3.      A business organized as a separate legal entity is a 4.      ..
$7.00

This Tutorial was purchased 7 times & rated A+ by student like you.

This Tutorial comes with Excel File to solve for any values Resource: WileyPLUS Complete the following Week 1 Assignment in WileyPLUS: • Brief Exercise: 1-7 • Brief Exercise: 1-8 Brief Exercise 1-7 Indicate which statement you would examine to find each of the following items: income ..
$15.00

This Tutorial was purchased 35 times & rated A+ by student like you.

1.      Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? 2.      The group of users of accounting information charged with achieving the goals of the business is its 3.  &n..
$8.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analy..
$9.00

This Tutorial was purchased 3 times & rated A by student like you.

This Tutorial contains 2 Papers of this Assignment In the wake of the accounting and finance scandals of the early 2000s, the regulatory environment for businesses changed dramatically to create more accountability and transparency. Agencies like the Securities and Exchange Commission (SEC) and..
$9.00

This Tutorial was purchased 2 times & rated A+ by student like you.

This Tutorial contains 2 Papers of this Assignment Learning Team members will refer back to their Week 1 Individual Assignment and perform the calculations using the financial statements from their individual companies. Part I Complete the following: • Perform at least one profitability rat..
$8.00

This Tutorial was purchased 3 times & rated A by student like you.

This Tutorial contains 2 Presentation of this Assignment Consider the places of employment of the team members or businesses with which the team is familiar and the industries in which they operate. Create a 12-slide presentation, including detailed speaker notes that act as the script of th..
$8.00

This Tutorial was purchased 13 times & rated A by student like you.

This Tutorial contains 2 Presentation of this Assignment Develop an 8-slide presentation regarding costing methods as related to the scenario in Exercise 19-7, which all team members completed in WileyPLUS. Include the following: • Recommend a costing method in choosing between variable or a..
$80.00

This Tutorial was purchased 11 times & rated A+ by student like you.

ACC 561 Week 1 Individual Assignment Financial Statements (2 Papers) ACC 561 Week 2 Individual Assignment Accounting & The Regulatory Environment (2 Papers) ACC 561 Week 3 Team Assignment Financial Statement Analysis (2 Set) ACC 561 Week 4 Team Assignment Cost Accounting Systems (2 PPT) ..
$35.00

This Tutorial was purchased 4 times & rated A+ by student like you.

This Tutorial contains Excel Sheet to solve Problem for any Values Exercise 1-6 (Part Level Submission) Calculate the net income. Prepare the 2017 retained earnings statement for Metlock.Inc Exercise 1-14 Wayne Holtz is the bookkeeper for Bramble Corp.. Wayne has been trying to get the ba..
$8.00

This Tutorial was purchased 2 times & rated A+ by student like you.

In the wake of the accounting and finance scandals of the early 2000s, the regulatory environment for businesses changed dramatically to create more accountability and transparency. Agencies like the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) p..
$8.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Learning Team members perform the calculations using the financial statements from their individual companies. Part I Complete the following: • Perform at least one profitability ratio to measure the income and operating success of your selected company. • Perform at least one liquidity ratio t..
$12.00

This Tutorial was purchased 6 times & rated A+ by student like you.

Week Five Individual Assignment Purpose of Assignment The Case Study focuses on CVP (Cost-Volume-Profit), break-even, and margin of safety analyses which allows students to experience working through a business scenario and applying these tools in managerial decision making. Assignment Steps ..
$10.00

This Tutorial was purchased 13 times & rated A+ by student like you.

Week Four Purpose of Assignment The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting. Assignment Steps Resources: Generally Acce..
$12.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Purpose of Assignment This week's focus is on the preparation of financial reports for internal users, such as managers. This case study applies the concepts of managerial accounting, through comparative and ratio analysis, and requires students to identify financial data needed by managers for de..
$10.00

This Tutorial was purchased 6 times & rated A by student like you.

This Tutorial contains 2 Papers Purpose of Assignment This week's activity illustrates the role a company's accounting method plays in financial statement reporting. In this assignment, students evaluate the events occuring in a business setting and determine how to properly analyze those event..
$12.00

This Tutorial was purchased 6 times & rated A+ by student like you.

Week Six Individual Assignment Purpose of Assignment This comprehensive case requires students to evaluate a static budget and prepare flexible budgets to meet managerial needs. Students are required to calculate and analyze variances and discuss how variances are critical to managerial decisio..
$12.00

This Tutorial was purchased 3 times & rated A+ by student like you.

Week Three Learning Team Purpose of Assignment The activity requires students to perform research and analysis on competing companies and the potential implications of international standards. This real-world analysis is key to understanding how a company's profitability, liquidity, and solvency ..
$12.00

This Tutorial was purchased 7 times & rated A+ by student like you.

Week Five Learning Team Assignment Purpose of Assignment The case study focuses on break-even, margin of safety, and incremental analysis and allows students to experience working through a business scenario to apply these tools in managerial decision making. Students are required to make deci..
$15.00

This Tutorial was purchased 3 times & rated A by student like you.

We have Answered 23 Questions of this final out of 30, Please provide rest of the questions we will provide this tutorial for free. The investigation of materials price variance usually begins in the: controller’s office. accounts payable department. first production department. purchasing de..
Tags:
acc561 © 2017 All Rights Reserved.Powered by:Webzindagi