Exercise 9.04 – Vulcan Flyovers
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Prepare a Flexible Budget Performance Report
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Prepare a Flexible Budget Performance Report
Your numbers will vary.
Compare installment notes and loans. Determine whether Paradise Partners should purchase the equipment with an installment note or lease it, based on the financial implications and the equipment’s value at the end of the 24-month period. Compare the effects on the company’s reported debt and make a decision.
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Given details about the issuing of a bond… determine whether the bonds are issued at par, premium, or discount given different market rates.
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Solve for X1, X2, X3, the optimal solution, the contribution (objective value). Then find hours of unused machine time, what an additional hour of time is worth.
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This works for both minimum and maximum problems with 2 subject-to-constraints (plus the X, Y > 0). They give an objective function Z = #X + #Y and are subject to 2 equations. They ask you to draw two lines and for the optimum solution, X =, Y =, and the optimal solution value Z.
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Given the percent and cost of shares bought, book value, how much fair value exceeds book value, useful life, net income, and dividends… prepare journal entries for the investment, determine the amount of income from the investment, calculate the amount reported on the balance sheet, and determine cash flows.
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Given the service revenue, the collections, and the pretax accounting income for four years, prepare journal entries to record the income taxes.
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Given the cost of two machines and the annual maintenance per year for both machines… figure out which machine should be purchased.
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Given a list of transactions regarding the buying and selling of common stock, preferred stock, and treasury stock… record each entry along with determining the effect of each on assets, liabilities, and stockholders’ equity.
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Given the information on ABC Co, XYZ Co, and the shareholder… figure out the rate of return for the shareholder, total cash flow and rate of return if he invested in ABC Co, and the cost of equity and WACC for both corporations.
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