Questions from Accounting Principles

Q: Fields Company has two manufacturing departments, Forming and Painting. The

Fields Company has two manufacturing departments, Forming and Painting. The company uses the weighted average method and it reports the following unit data for the Forming department. Units completed...

Q: Refer to the information in Exercise 20-6. Assume that

Refer to the information in Exercise 20-6. Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the Forming department. b....

Q: The first production department of Stone Inc. reports the following for

The first production department of Stone Inc. reports the following for April. Compute the number of equivalent units of production for both direct materials and conversion for April using the weighte...

Q: The production department described in Exercise 20-8 reports the cost

The production department described in Exercise 20-8 reports the cost information below. a. Compute cost per equivalent unit for both direct materials and conversion. b. Using the weighted average met...

Q: Key figures for Samsung follow. / Required 1

Key figures for Samsung follow. Required 1. For the most recent two years, compute Samsung’s (a) inventory turnover and (b) days’ sales in inventory. 2. Is the chan...

Q: Key figures for Samsung and Google follow. / Required

Key figures for Samsung and Google follow. Required 1. Compute Samsung’s days’ payable outstanding for the most recent two years. 2. Assuming Samsung is not at risk...

Q: Key figures for Samsung follow. / Required 1

Key figures for Samsung follow. Required 1. Compute cash and cash equivalents as a percent (rounded to one decimal) of total current assets, total assets, total current liabilities, and total sharehol...

Q:  Key figures for Samsung follow. / 1.

 Key figures for Samsung follow. 1. Compute Samsung’s accounts receivable turnover for the current year. 2. In the current year, does Samsung’s ac...

Q: Comparative figures for Samsung, Apple, and Google follow.

Comparative figures for Samsung, Apple, and Google follow. Required 1. Compute total asset turnover for the most recent two years for Samsung using the data shown. 2. Is the change in Samsungâ&#...

Q: Information on assumed capital investments in the current year for Google and

Information on assumed capital investments in the current year for Google and Apple follow. Required 1. Compute break-even time for both companies. 2. Based on break-even time, which company can expec...