Archives: Solution Manual
978-0078025600 Chapter 15 Lecture Note
Chapter 15 Job Order Costing and Analysis © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, […]
978-0078025600 Chapter 15 Excel
Student Name: Class: 1,500,000 «- Correct! 2,500,000 «- Correct! 60% «- Correct! b. Overhead costs charged to jobs: Direct Applied Labor Overhead 604,000$ 362,400$ «- Correct! 563,000 337,800 «- Correct! 298,000 178,800 «- Correct! 716,000 429,600 «- Correct! 314,000 188,400 […]
978-0078025600 Chapter 14 Solution Manual Part 4
Financial & Managerial Accounting, 5th Edition 812 SERIAL PROBLEM — SP 14 Serial Problem, Success Systems (50 minutes) 1. Cost by Behavior . Cost by Traceability . Product Costs Variable Fixed Direct Indirect 1. Monthly flat fee to clean workshop […]
978-0078025600 Chapter 14 Solution Manual Part 3
PROBLEM SET B Problem 14-1B (20 minutes) The managerial accounting professional must do more than assign value to ending inventory and cost of goods sold. S/he must understand the industry and the current business environment of the company. The managerial […]
978-0078025600 Chapter 14 Solution Manual Part 2
Financial & Managerial Accounting, 5th Edition 786 Exercise 14-11 (25 minutes) Account Balance Sheet Income Statement Manufacturing Statement Overhead Report Accounts receivable ………………………. ✓ Computer supplies used in office ……. ✓ Beginning finished goods inventory ✓ Beginning goods in process […]
978-0078025600 Chapter 14 Solution Manual Part 1
Chapter 14 Managerial Accounting Concepts and Principles QUESTIONS 1. The managerial accountant plays an important role in preparing the information necessary for effective planning and control decisions. One example is the budget, which is a quantitative expression of a company’s […]
978-0078025600 Chapter 14 Lecture Note
Chapter 14 Managerial Accounting Concepts and Principles © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, […]
978-0078025600 Chapter 14 Excel
Student Name: Class: 200,000$ 300,000 500,000 175,000 325,000$ Correct! 500,000$ 875,000 1,375,000 225,000 1,150,000$ Correct! Part 2 To: From: Date: Subject: Memorandum For Year Ended December 31, 2013 Merchandise purchases Goods available for sale The Merchandise Inventory account on December […]
978-0078025600 Chapter 13 Solution Manual Part 4
SERIAL PROBLEM — SP 13 Serial Problem — SP 13, Success Systems (45 minutes) 1. Gross margin with services revenue Gross margin = Total revenue – Cost of goods sold = $43,853 – $14,052 = $29,801 Gross margin ratio = […]
978-0078025600 Chapter 13 Solution Manual Part 3
Problem 13-2B (120 minutes) Part 1 TRIPOLY COMPANY Income Statement Trends For Years Ended December 31, 2014-2008 2014 2013 2012 2011 2010 2009 2008 Sales ………………………………. 65.1% 70.9% 73.3% 79.1% 86.0% 89.5% 100.0% Cost of goods sold ………….. 72.6 76.3 […]
978-0078025600 Chapter 13 Solution Manual Part 2
Financial & Managerial Accounting, 5th Edition 738 Exercise 13-14 (15 minutes) RANDA MERCHANDISING, INC. Income Statement For Year Ended December 31, 2013 Net sales ……………………………………………………………….. $2,900,000 Expenses Cost of goods sold ……………………………………………… $1,480,000 Salaries expense ………………………………………………… 640,000 Depreciation expense …………………………………………. […]
978-0078025600 Chapter 13 Solution Manual Part 1
Chapter 13 Analyzing Financial Statements QUESTIONS 1. Financial reporting includes the entire process of preparing and issuing financial information about a company. Financial statements are an important part of financial reporting but they are less than the whole. 2. With […]
978-0078025600 Chapter 13 Lecture Note
Chapter 13 – Analyzing Financial Statements website, in whole or part. 13–1 Chapter 13 Analyzing Financial Statements © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. […]
978-0078025600 Chapter 13 Excel
Student Name: Class: Assets Liabilities Ratio 52,390$ 22,800$ 2.3 «- Correct! 37,924 19,960 1.9 «- Correct! 51,748 20,300 2.5 «- Correct! 2014 2013 2012 100.00% 100.00% 100.00% 51.08% 62.50% 55.36% 48.92% 37.50% 44.64% 18.54% 13.80% 18.27% 9.13% 8.80% 8.20% 27.67% […]
978-0078025600 Chapter 12 Solution Manual Part 3
Problem 12–5AA (Concluded) GOLDEN CORPORATION Statement of Cash Flows For Year Ended December 31, 2013 Cash flows from operating activities Net income ……………………………………………………………………….. $136,000 Adjustments to reconcile net income to net cash provided by operating activities Increase in accounts receivable […]
978-0078025600 Chapter 12 Solution Manual Part 2
Financial & Managerial Accounting, 5th Edition 682 Exercise 12–10 (Part 1 continued) (1) Cost of equipment sold (Given) ………………………………………………………..… $ 48,600 Accumulated depreciation of equipment sold* …………………………………..… (40,600) Book value of equipment sold ………………………………………………………….… 8,000 Gain on sale of equipment […]
978-0078025600 Chapter 12 Lecture Note Part 2
Chapter 12 – Reporting and Analyzing Cash Flows website, in whole or part. 12-9 VISUAL #12-1 CLASSIFYING ACTIVITIES IN THE STATEMENT OF CASH FLOWS OPERATING ACTIVITIES Cash inflows from Cash outflows to • Sale of goods or services • Suppliers […]
978-0078025600 Chapter 12 Lecture Note Part 1
Chapter 12 – Reporting and Analyzing Cash Flows Chapter 12 Reporting and Analyzing Cash Flows Student Learning Objectives and Related Assignment Materials* Student Learning Objectives Discussion Questions Quick Studies Exercises Problems (A &B set)** Beyond the Numbers Conceptual objectives: C1. […]
978-0078025600 Chapter 11 Lecture Note Part 2
Chapter 11 – Corporate Reporting and Analysis Chapter Outline Notes B. Reissuing Treasury Stock 1. Selling treasury stock at cost: debit Cash, credit Treasury Stock, Common. 2. Selling treasury stock above cost: debit Cash, credit Treasury Stock, Common, credit Paid-in […]
978-0078025600 Chapter 11 Lecture Note Part 1
Chapter 11 – Corporate Reporting and Analysis Chapter 11 Corporate Reporting and Analysis Student Learning Objectives and Related Assignment Materials* Student Learning Objectives Discussion Questions Quick Studies Exercises Problems (A &B set)** Beyond the Numbers Conceptual objectives: C1. Identify characteristics […]
978-0078025600 Chapter 10 Solution Manual Part 5
Financial & Managerial Accounting, 5th Edition 612 Problem 10-10B (30 minutes) Part 1 Atlas Company Debt–to-equity ratio = $81,000 / $99,000 = 0.82 Bryan Company Debt–to-equity ratio = $562,500 / $187,500 = 3.00 Part 2 Bryan’s debt–to-equity ratio is much […]
978-0078025600 Chapter 10 Solution Manual Part 4
Financial & Managerial Accounting, 5th Edition 600 Problem 10-3B (Concluded) Part 4 Semiannual Period-End Unamortized Premium Carrying Value 1/01/2013 ………….…….. $792,932 $4,192,932 6/30/2013 ………….…….. 753,285 4,153,285 12/31/2013 ………….…….. 713,638 4,113,638 6/30/2014 ………….…….. 673,991 4,073,991 12/31/2014 ………….…….. 634,344 4,034,344 Part 5 […]
978-0078025600 Chapter 10 Solution Manual Part 3
Problem 10–5AB (45 minutes) Part 1 Ten payments of $8,125* ……………….…….. $ 81,250 Par value at maturity ……………………..…… 250,000 Total repaid ………………………………………….. 331,250 Less amount borrowed ………………….…….. (255,333) Total bond interest expense …………..…….. $ 75,917 *$250,000 x 0.065 x ½ […]
978-0078025600 Chapter 10 Solution Manual Part 2
Financial & Managerial Accounting, 5th Edition 570 Exercise 10-10 (25 minutes) 1. Semiannual cash interest payment = $150,000 x 10% x ½ year = $7,500 2. Number of payments = 5 years x 2 per year = 10 semiannual payments […]
978-0078025600 Chapter 10 Solution Manual Part 1
Chapter 10 Long-Term Liabilities QUESTIONS 1. Notes payable generally involve borrowing from a single creditor, whereas bonds payable are usually sold to many different lenders (bondholders). 2. A bond is a liability of the issuing company. A share of stock […]
978-0078025600 Chapter 10 Lecture Note Part 2
Chapter 10 – Long-Term Liabilities Chapter Outline 2. Term or Serial a. Term bonds and notes are scheduled for maturity on one specified date. b. Serial bonds and notes mature at more than one date (often in series) and are […]
978-0078025600 Chapter 10 Excel
Student Name: Class: Part 1. Date Account Titles Debit Credit 2013 Jan 1 3,456,448 543,552 «- Correct! 4,000,000 Part 2. 18,118 «- Correct! 138,118 «- Correct! Part 3. 3,600,000$ 4,000,000 Par value at maturity Thirty payments of $120,000 7,600,000$ (3,456,448) […]
978-0078025600 Chapter 1 Solution Manual Part 4
Financial & Managerial Accounting, 5th Edition 44 Problem 1-8B (60 minutes) Parts 1 and 2 Assets = Liabilities + Equity Date Cash + Accounts Receivable + Office Supplies + Office Equipment + Excavating Equipment = Accounts Payable + Common Stock […]
978-0078025600 Chapter 1 Solution Manual Part 3
Problem 1-8A (Concluded) Part 3—continued Ander Electric Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers1 …………………………… $ 6,200 Cash paid for rent ……………………………………………….. (1,000) Cash paid for supplies ………………………………………… (800) […]
978-0078025600 Chapter 1 Solution Manual Part 2
Financial & Managerial Accounting, 5th Edition 16 Exercise 1-13 (20 minutes) a. Purchased land for $4,000 cash. b. Purchased $1,000 of office supplies on credit. c. Billed a client $1,900 for services provided. d. Paid the $1,000 account payable created […]
978-0078025600 Chapter 1 Solution Manual Part 1
Chapter 1 Introducing Accounting in Business QUESTIONS 1. The purpose of accounting is to provide decision makers with relevant and reliable information to help them make better decisions. Examples include information for people making investments, loans, and business plans. 2. […]
978-0078025600 Chapter 1 Lecture Note
Chapter 01 – Introducing Accounting in Business Chapter 01 Introducing Accounting in Business © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not […]
978-0078025600 Chapter 1 Excel
Student Name: Class: Liabilities + Equity Accounts Office Accounts Common Date Cash Receivable Equipment Payable Stock Dividends Revenues Expenses May 1 $40,000 40,000 1(2,200) (2,200) 31,890 1,890 5(750) (750) 85,400 5,400 12 2,500 2,500 15 (750) (750) 20 2,500 (2,500) […]
978-0078025600 Appendix E Lecture Note Part 6
Problem E-6BA (Continued) Sales Salaries Expense Acct. No. 621 Date Explanation PR Debit Credit Balance Nov. 15 D2 6,585 6,585 30 D2 6,585 13,170 ACCOUNTS RECEIVABLE LEDGER Carlos Mantel Date Explanation PR Debit Credit Balance Nov. 10 S2 13,500 13,500 […]
978-0078025600 Appendix E Lecture Note Part 4
Problem E-1B (Continued) Parts 2 and 3 GENERAL LEDGER Cash Acct. No. 101 Date Explanation PR Debit Credit Balance June 30 100,000 July 31 R3 253,137 353,137 Accounts Receivable Acct. No. 106 Date Explanation PR Debit Credit Balance July 31 […]
978-0078025600 Appendix E Excel Part 2
Student Name: Class: Instructor McGraw-Hill/Irwin Problem 0E-06Aa Debit Credit 69,884$ 19,225 10,000 1,230 1,770 21,220 24,220$ 82,000 3,000 14,910$ 4,315 19,225$ Correct! 3,000$ 21,220 Gabel Company Spell Supply March 31 Schedule of Accounts Payable CHURCH COMPANY 7,000 116,685 652 76,225 […]
978-0078025600 Appendix E Excel Part 1
Student Name: Class: Page 2 CHURCH COMPANY Sales Journal COGS Inv. Acct. Rec. Debit Debit Date No. PR Sales Cr. Inv. Credit Mar. 2 854 √16,800 8,400 3855 √10,200 5,800 10 856 √5,600 2,900 27 857 √14,910 7,220 28 858 […]
978-0078025600 Appendix D Solution Manual Part 3
Problem D-4B (Concluded) Part 2 a) Apr. 30 Cash ……………………………………………………………….. 300,000 Chip, Capital*……………………………………………… 300,000 To record admission of Chip. * Supporting calculations $606,000 + $148,000 + $446,000 = $1,200,000 ($1,200,000 + $300,000) x 20% = $300,000 Thus, no bonus is […]
978-0078025600 Appendix D Solution Manual Part 2
PROBLEM SET A Problem D-1A (50 minutes) 1. Dec. 31 Income Summary …………………………………………..… 249,000 Kara Ries, Capital …………………………………….… 83,000 Tammy Bax, Capital …………………………………… 83,000 Joe Thomas, Capital …………………………………… 83,000 To close Income Summary. 2. Dec. 31 Income Summary …………………………………………..… 249,000 […]
978-0078025600 Appendix D Lecture Note
AppD – Accounting for Partnerships Appendix D Accounting for Partnerships © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, […]
978-0078025600 Appendix D Excel
Student Name: Class: Plans a and c 40% «- Correct! 60% «- Correct! Plan b 33.33% «- Correct! 66.67% «- Correct! Plans c and d 72,000$ «- Correct! Plan d 4,200$ «- Correct! 6,300 «- Correct! Income (Loss) Year 1 […]
978-0078025600 Appendix C Solution Manual Part 4
Financial & Managerial Accounting, 5th Edition 1434 Problem C-5B (Concluded) 2014 Aug. 1 Cash ……………………………………………………………………………… 27,000 Dividend Revenue ……………………………….…………………… 27,000 Received cash dividends (20,000 x $1.35). Dec. 31 Fair Value Adjustment—AFS (LT)* ……………..…………… 35,000 Unrealized Gain—Equity ………………………….. 35,000 Record fair […]
978-0078025600 Appendix C Solution Manual Part 3
Problem C-6AA (60 minutes) Part 1 2013 Apr. 8 Cash …………………………………………………………..…………………. 5,938 Sales …………………………………………………….… 5,938 July 21 Accounts Receivable⎯Sumito …………………….……. 14,100 Sales …………………………………………………….… 14,100 (1,500,000 yen x $0.0094/yen) Oct. 14 Accounts Receivable⎯Smithers ………………………….. 27,675 Sales …………………………………………………….… 27,675 (19,000£ x $1.4566/£) […]
978-0078025600 Appendix C Solution Manual Part 2
Financial & Managerial Accounting, 5th Edition 1406 Exercise C-14 (15 minutes) 2013 return on total assets 2014 return on total assets = 14.0% = 10.9% Regae Industries appears to be less efficient in the use of its total assets in […]
978-0078025600 Appendix C Solution Manual Part 1
Appendix C Investments and International Operations QUESTIONS 1. To be classified as current assets, investments must be (i) capable of being converted into cash quickly and (ii) management must intend to sell the investments as a source of cash to […]
978-0078025600 Appendix C Lecture Note
AppC – Investments and International Operations Appendix C Investments and International Operations © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be […]
978-0078025600 Appendix B Solution Manual
©2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or […]
978-0078025600 Appendix B Lecture Note
AppB – Applying Present and Future Values Appendix B Applying Present and Future Values © 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may […]
978-0078025587 Section 1 Lecture Note Part 2
Provided for class distribution. Use file to edit to suit instructor’s preference OBJECTIVES AND REQUIREMENTS FOR TEAM PRESENTATION ASSIGNMENTS A. Broad Objectives 1. To develop learning to learn skills. These assignments will require you to utilize outside resources to gather […]
978-0078025587 Section 1 Lecture Note Part 1
Instructor’s Resource Manual, Section I 3 ACTIVE LEARNING INSTRUCTIONAL STRATEGIES The following is a list and description of active learning instructional strategies. They can be used in any instructor-designed activity. It is not by any means a complete list of […]