Questions from General Accounting

Q: Thermalloy makes extruded aluminum heat sinks that are small devices that help

Thermalloy makes extruded aluminum heat sinks that are small devices that help cool semiconductors and printed circuit boards. Thermalloy uses an absorption costing system whereby all fixed and variab...

Q: a. Scottie Corporation has been offered a contract to produce 100

a. Scottie Corporation has been offered a contract to produce 100 castings a year for five years at a price of $200 per casting. Producing the castings will require an investment in the plant of $35,0...

Q: Home Auto Parts is a large retail auto parts store selling the

Home Auto Parts is a large retail auto parts store selling the full range of auto parts and supplies for do-it-yourself auto repair enthusiasts. The store is arranged with three prime displays in the...

Q: Allied Adhesives (AA) manufactures specialty bonding agents for very specialized

Allied Adhesives (AA) manufactures specialty bonding agents for very specialized applications (electronic circuit boards, aerospace, health care, etc.). AA operates a number of small plants around the...

Q: Using your knowledge of the relationship between inflation and nominal interest rates

Using your knowledge of the relationship between inflation and nominal interest rates, and assuming that the savings were invested in government bills, comment briefly on the analysis presented in the...

Q: Employee bonuses at American InterConnect (AI), a large communications

Employee bonuses at American InterConnect (AI), a large communications firm, depend on meeting a number of targets, one of which is a revenue target. Some bonus is awarded to the group if it meets or...

Q: Winter Games manufactures a competitive line of skis and sells its skis

Winter Games manufactures a competitive line of skis and sells its skis to retailers at a price of $225 per pair. Based on an annual volume of 5,000 pairs, the cost per pair is $185: Sports Palace, a...

Q: a. What is the difference between budget lapsing and line-

a. What is the difference between budget lapsing and line-item budgets? b. What types of organizations would you expect to use budget lapsing? c. What types of organizations would you expect to use li...

Q: Wine Distributors is a wholesaler of wine, buying from wineries and

Wine Distributors is a wholesaler of wine, buying from wineries and selling to wine stores. Three different white wines are sold: Chablis, Chardonnay, and Riesling. Here are budgeted and actual sales...

Q: CJ Equity Partners is a privately held firm that buys small family

CJ Equity Partners is a privately held firm that buys small family-owned firms, installs professional managers to run the firms, and then sells them 3–5 years later, often for a subs...