Questions from Managerial Accounting

Q: Describe the four perspectives of the Balanced Scorecard.

Describe the four perspectives of the Balanced Scorecard.

Q: Consider the following independent activities. a. Payment of a

Consider the following independent activities. a. Payment of a cash dividend b. Amortization of intangible asset c. Gain on disposal of equipment d. Exchange of common stock for land e. Increase in ac...

Q: The income statement for the Mendelin Corporation is as follows:

The income statement for the Mendelin Corporation is as follows: Additional information is as follows: a. Interest expense includes $1,800 of discount amortization. b. The prepaid insurance expense...

Q: In computing the period’s net operating cash flows, why are increases

In computing the period’s net operating cash flows, why are increases in current liabilities and decreases in current assets added back to net income?

Q: Pete Donaldson, president and owner of Donaldson Mining Supplies, was

Pete Donaldson, president and owner of Donaldson Mining Supplies, was concerned about the firm’s liquidity. He had an easy time selling supplies to the local coal mines but had a difficult time collec...

Q: The income statement, statement of retained earnings, and balance sheet

The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Somerville Company Statement of Retained Earnings For the Year Ended December 31, 2014 B...

Q: Scherer Company provided the following income statements for its first 3 years

Scherer Company provided the following income statements for its first 3 years of operation: Required: Prepare common-size income statements by using Year 1 as the base period. (Note: Round answers...

Q: Scherer Company provided the following income statements for its first 3 years

Scherer Company provided the following income statements for its first 3 years of operation: Required: Prepare common-size income statements by using net sales as the base. (Note: Round answers to t...

Q: Chen Company has current assets equal to $5,000,

Chen Company has current assets equal to $5,000,000. Of these, $1,000,000 is cash, $2,250,000 is accounts receivable, $500,000 is inventory, and the remainder is marketable securities. Current liabili...

Q: Last year, Nikkola Company had net sales of $2,

Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following balances: Required: Note: Round answers to one decimal place. 1. Calcul...