Archives: Solution Manual
978-0133428377 Chapter 2 Part 2
Chapter 2 Building Blocks of Managerial Accounting (15 min.) E2-31B Reqs. 1, 2, and 3 Req. 4 Total inventoriable product costs: Direct materials……………………………………..….… $ 69 Direct labor……………………………………… 8 Manufacturing overhead…………………………… 75 Total inventoriable product cost…………………. $152 Req. 5 The total […]
978-0133428377 Chapter 2 Part 1
Chapter 2 Building Blocks of Managerial Accounting Chapter 2 Building Blocks of Managerial Accounting Quick Check Questions Answers: QC2-1. c QC2-3. a QC2-5. c QC2-7. b QC2-9. a QC2-2. b QC2-4. c QC2-6. d QC2-8. c QC2-10. C Short Exercises […]
978-0133428377 Chapter 15 Part 2
Chapter 15 Sustainability Copyright © 2015 Pearson Education, Inc. 15–19 (10-15 min.) E15-27B Req. 1 # of tons cost per ton Monthly cost Annual (x 12 mos) Material cost of machine drool 180 $ 80 $ 14,400 $ 172,800 Disposal […]
978-0133428377 Chapter 15 Part 1
Chapter 15 Sustainability Chapter 15 Sustainability Quick Check Answers: QC-1. c QC-3. b QC-5. c QC-7. b QC-9. d QC-2. a QC-4. d QC-6. d QC-8. a QC-10. d Short Exercises (5 min.) S15-1 a. Attracting capital b. Reducing risks […]
978-0133428377 Chapter 14 Part 2
Managerial Accounting 4e Solutions Manual Copyright © 2015 Pearson Education, Inc. 14–18 (5 min.) E14-32B a. People b. Planet c. People d. Planet e. People f. Profit g. Profit h. People i. Planet j. People Copyright © 2015 Pearson Education, […]
978-0133428377 Chapter 14 Part 1
Chapter 14 Financial Statement Analysis Chapter 14 Financial Statement Analysis Quick Check Answers: QC-1. c QC-3. d QC-5. a QC-7. b QC-9. b QC-2. a QC-4. a QC-6. d QC-8. c QC-10. d Short Exercises (5-10 min.) S14-1 Increase (Decrease) […]
978-0133428377 Chapter 13 Part 2
Chapter 13 Statement of Cash Flows Copyright © 2015 Pearson Education, Inc. 13–19 (15-20 min.) E13-27B Majestic Event Corporation Statement of Cash Flows – Indirect Method For the year ended December 31 Cash flows from operating activities: Net Income $92,000 […]
978-0133428377 Chapter 13 Part 1
Chapter 13 Statement of Cash Flows Chapter 13 Statement of Cash Flows Quick Check Answers: QC-1. c QC-3. c QC-5. a QC-7. d QC-9. a QC-2. c QC-4. b QC-6. b QC-8. c QC-10. b Short Exercises (5-10 min.) S13-1 […]
978-0133428377 Chapter 12 Part 3
Chapter 12 Capital Investment Decisions and the Time Value of Money (continued) P12-56A (Req. 1 continued) The internal rate of return is calculated as follows: Initial investment = Annuity PV factor (i = ?, n = ?) Amount of each […]
978-0133428377 Chapter 12 Part 2
Copyright © 2015 Pearson Education, Inc. 12–21 (5-10 min.) E12-36B Payback period = Initial Investment Expected annual net cash inflow = $1,600,000 $320,000 = 5 years The payback occurs well before the plant must be replaced, so the payback method […]
978-0133428377 Chapter 12 Part 1
Chapter 12 Capital Investment Decisions and the Time Value of Money Chapter 12 Capital Investment Decisions and the Time Value of Money Quick Check Answers: QC-1. b QC-3. a QC-5. a QC-7. a QC-9. c QC-2. b QC-4. b QC-6. […]
978-0133428377 Chapter 11 Part 3
Chapter 11 Standard Costs and Variances Problems (Group B) (15-30 min.) P11-53B Req. 1 DM 2.0 yards X $8.5 per yard $17 Req. 2 $35,802 / 4,590 = $7.80 per yard Req. 3 Standard price per unit $ 8.50 Actual […]
978-0133428377 Chapter 11 Part 2
Chapter 11 Standard Costs and Variances (10-15 min.) E11-39B Journal Entry DATE ACCOUNTS POST. REF. DEBIT CREDIT Raw Materials Inventory (1,060,000 x $1.30) 1,378,000 Direct Materials Price Variance 159,000 Accounts Payable (1,060,000 x $1.15) 1,219,000 Work in Process Inventory (160,000 […]
978-0133428377 Chapter 11 Part 1
Chapter 11 Standard Costs and Variances Copyright © 2015 Pearson Education, Inc. 11-1 Chapter 11 Standard Costs and Variances Quick Check Answers: QC-1. a QC-3. a QC-5. c QC-7. d QC-9. a QC-2. b QC-4. d QC-6. b QC-8. c […]
978-0133428377 Chapter 10 Part 3
Copyright © 2015 Pearson Education, Inc. 10–37 (15-20 min.) P10-49B Req. 1 Precious Bubbles, Inc. Income Statement Performance Report Year Ended March 31 Actual results at actual prices Flexible budget variance Flexible budget for actual number of output units Volume […]
978-0133428377 Chapter 10 Part 2
Chapter 10 Performance Evaluation (15-20 min.) E10-37B Sweet Street Muffins Flexible Budget Performance Report – Sales and Operating Expenses For Year Ended December 31 Actual Flexible Budget Variance Flexible Budget Volume Variance Master Budget 8,400 cases 8,400 cases 7,900 cases […]
978-0133428377 Chapter 10 Part 1
Chapter 10 Performance Evaluation Copyright © 2015 Pearson Education, Inc. 10-1 Chapter 10 Performance Evaluation Quick Check Answers: QC-1. d QC-3. c QC-5. b QC-7. a QC-9. c QC-2. b QC-4. c QC-6. d QC-8. b QC-10. d Short Exercises […]
978-0133428377 Chapter 1 Part 2
Managerial Accounting 4e Solutions Manual Problems (Group B) (45-60 min.) P1–27B Req. 1 Planning Directing Controlling Sales Increase Sales Setting competitive prices Examine sales reports Monitor sales numbers and prices from different products and locations over time. Investigate variances. Repairs […]
978-0133428377 Chapter 1 Part 1
Chapter 1 Introduction to Managerial Accounting Chapter 1 Introduction to Managerial Accounting Quick Check Answers: QC1-1. a QC1-3. b QC1-5. b QC1-7. d QC1-9. c QC1-2. d QC1-4. d QC1-6. c QC1-8. a QC1-10. d Short Exercises (5-10 min.) S1-1 […]
978-0133423624 Case Part 2
Solutions to Online Mini-Cases 175 Chapter 16 Mini-Case 1. Austria, Belgium. Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. 2. Other countries will be forced to bail out Portugal. This […]
978-0133402391 Chapter 9
CHAPTER 9 THE GLOBAL SECURITY STRUCTURE Overview: In the 1950s, 1960s, and 1970s, people greatly feared the atomic bomb. Realists argue that the bipolar distribution of military power between the United States and Soviet Union deterred each country from launching […]
978-0133402391 Chapter 8
CHAPTER 8 INTERNATIONAL DEBT AND FINANCIAL CRISES Overview: Front page news articles still deal with national debt and the financial crisis that began in the United States in 2007, recovery from which has been very slow. Unemployment remains the long […]
978-0133402391 Chapter 7
CHAPTER 7 THE INTERNATIONAL MONETARY AND FINANCE STRUCTURE Overview: The international monetary and financial structure is often embroiled with tensions that make it difficult to manage. Currency exchange rates and transnational financial flows affect the success of many businesses and […]
978-0133402391 Chapter 6
CHAPTER 6 THE PRODUCTION AND TRADE STRUCTURE Overview: Since 2009, the Obama administration has imposed high tariffs on imports of Chinese tires and solar panels into the United States and challenged China at the World Trade Organization (WTO) over its […]
978-0133402391 Chapter 5
CHAPTER 5 ALTERNATIVE PERSPECTIVES ON INTERNATIONAL POLITICAL ECONOMY Overview: International Political Economy (IPE) is about states and markets, but it is about more than just states and markets, as the analysis of the past four chapters should have made clear. […]
978-0133402391 Chapter 4
CHAPTER 4 ECONOMIC DETERMINISM AND EXPLOITATION: THE STRUCTURALIST PERSPECTIVE Overview: The global financial crisis highlights not only the failures of free market capitalism but also the political clout of the economic elite, who receive bailouts while ordinary taxpayers struggle. Many […]
978-0133402391 Chapter 3
CHAPTER 3 WEALTH AND POWER: THE MERCANTILIST PERSPECTIVE Overview: Mercantilism is the oldest and perhaps the most important IPE theoretical perspective from an historical standpoint. The central focus of mercantilism is the problem of security and the role of the […]
978-0133402391 Chapter 20
CHAPTER 20 THE ENVIRONMENT: STEERING AWAY FROM CLIMATE CHANGE AND GLOBAL DISASTER Overview: Today’s ecological and environmental problems are increasingly global in nature. Since the beginning of the new millennium, aside from the usual stories about the effects of climate […]
978-0133402391 Chapter 2
CHAPTER 2 “LAISSEZ–FAIRE”: THE ECONOMIC LIBERAL PERSPECTIVE Overview Liberalism, like many other terms we use in IPE, suffers from something of a personality disorder. The same set of letters means different things in different contexts. In the United States today, […]
978-0133402391 Chapter 19
CHAPTER 19 THE IPE OF ENERGY RESOURCES: STUCK IN TRANSITION Overview: The year 1973 was a turning point for the international political economy. The international balance of wealth and power began to shift away from the U.S. to its European […]
978-0133402391 Chapter 18
CHAPTER 18 FOOD AND HUNGER: MARKET FAILURE AND INJUSTICE Overview: Since World War II there have been occasions of massive hunger, primarily in developing nations, but for the most part the world food problem was viewed as a problem of […]
978-0133402391 Chapter 17
CHAPTER 17 TRANSNATIONAL CORPORATIONS: THE GOVERNANCE OF FOREIGN INVESTMENTS Overview: Transnational corporations (TNCs) are important actors in IPE today. They compete in regional and global markets and provide foreign direct investment (FDI) that is much sought after by national governments […]
978-0133402391 Chapter 17
CHAPTER 17 TRANSNATIONAL CORPORATIONS: THE GOVERNANCE OF FOREIGN INVESTMENTS Overview: Transnational corporations (TNCs) are important actors in IPE today. They compete in regional and global markets and provide foreign direct investment (FDI) that is much sought after by national governments […]
978-0133402391 Chapter 15
Part IV: TRANSNATIONAL PROBLEMS AND DILEMMAS 15 The Illicit Global Economy: The Dark Side of Globalization 16 Migration and Tourism: People on the Move 17 Transnational Corporations: The Governance of Foreign Investment 18 Food and Hunger: Market Failure and Injustice […]
978-0133402391 Chapter 14
CHAPTER 14 THE MIDDLE EAST: THE QUEST FOR DEVELOPMENT AND DEMOCRACY Overview This chapter provides a broad overview of political and socio-economic trends in the Middle East, situating the region in the global economy and the global security structure. It […]
978-0133402391 Chapter 13
CHAPTER 13 MOVING INTO POSITION: THE RISING POWERS Overview: This chapter examines the problems of states, markets, and societies in transition from one ideologically based system of political economy to another. The goal of this chapter is to explore the […]
978-0133402391 Chapter 12
CHAPTER 12 TOWARD A MORE PERFECT (EUROPEAN) UNION Overview: This chapter examines the political economy of integration in the European Union (EU). Increasingly, nations in close proximity to one another are driven to coordinate and sometimes harmonize their political economies […]
978-0133402391 Chapter 11
CHAPTER 11 THE DEVELOPMENT CONUNDRUM: CHOICES AMIDST CONSTRAINTS Overview: A pervasive problem of the international political economy is the tension between the industrialized countries of the North and the less developed countries (LDCs) of the South. A major source of […]
978-0133402391 Chapter 10
CHAPTER 10 THE KNOWLEDGE AND TECHNOLOGY STRUCTURE Overview: In today’s world, wealth and power often flow from access to and control of knowledge and technology. In this chapter we examine the creation and diffusion of knowledge and technology. Who controls […]
978-0133402391 Chapter 1
CHAPTER 1 WHAT IS INTERNATIONAL POLITICAL ECONOMY? Overview International political economy or IPE is…? Chapter 1 answers this question in three ways: by examples of important events, situations, and people or leaders in the global political economy today; by comparison, […]
978-0133427530 Chapter 9 Part 6
(continued) Ethical Issue 2 4. The FASB and IASB are working on a proposed new lease standard that removes the mechanical criteria for lease capitalization discussed in the chapter in favor of the more theoretically and substantively correct, but also […]
978-0133427530 Chapter 9 Part 5
(continued) P 9-82B Req. 5 Leverage ratio Total assets ($7,265,000) Total stockholders’ equity ($2,633,000) = 2.76 Debt ratio = Total liabilities ($4,632,000) = 0.64 Total assets ($7,265,000) The leverage ratio and debt ratio would increase. The company would be considered […]
978-0133427530 Chapter 9 Part 4
(20-30 min.) P 9-72A Req. 1 Alternative Alternative 1 2 Borrow $6.75 Issue 100,000 mil at 6% shares of stock Net income 2 years from now $2,880,000 $2,880,000 Less interest expense 405,000 -0- Projected net income before tax 2,475,000 2,880,000 […]
978-0133427530 Chapter 9 Part 3
(15-20 min.) E 9-41B Req. 1 Using the PV function in EXCEL, the issue price of the bonds is $3,072,290. Req. 2 (amortization table) A B C D E Semiannual Interest Date Interest Payment (2% of Maturity Value) Interest Expense […]
978-0133427530 Chapter 9 Part 2
(10-15 min.) E 9-24A Req. 1 Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT a. Jan. 31 Cash ($6,000,000 × 0.96) ………………….. 5,760,000 Discount on Bonds Payable ……………. 240,000 Bonds Payable …………………………. 6,000,000 To issue bonds at a discount. b. […]
978-0133427530 Chapter 9 Part 1
Chapter 9 Liabilities Short Exercises (10 min.) S 9-1 Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT 2014 July 31 Inventory ………………………………………………… 22,500 Note Payable, Short-Term …………………… 22,500 Purchased inventory by issuing a note payable. 2015 Apr. 30 Interest Expense […]
978-0133427530 Chapter 8 Part 4
Chapter 8 Long-Term Investments and International Operations 53 (20-25 min.) P 8-63 Req. 1 Amount of Cash Flow 5% Factor from Table Present Value of Cash Flow $ 20,000 x .952 = $ 19,040 25,000 x .907 = 22,675 30,000 […]
978-0133427530 Chapter 8 Part 3
Chapter 8 Long-Term Investments & International Operations 8-41 (20-30 min.) P 8-54B Req. 1 Current fair value is used to account for the available-for-sale investment in Sydney, Inc., because the investor expects to sell the stock at its market value. […]
978-0133427530 Chapter 8 Part 2
Chapter 8 Long-Term Investments & International Operations 8-21 (10-15 min.) E 8-26B Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT a. Equity-Method Investment ………………………. 1,420,000 Cash ………………………………………………….. 1,420,000 Purchased equity-method investment. b. Equity-Method Investment ($660,000 × .35) . 231,000 Equity-Method […]
978-0133427530 Chapter 8 Part 1
Chapter 8 Long-Term Investments & the Time Value of Money Short Exercises (10-15 min.) S 8-1 Req. 1 Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT 2014 Apr. 10 Investment in AFSS (600 × $17) ……………….. 10,200 Cash …………………………………………………. 10,200 […]