The following account balances at december 31, 2008 Accounts payable 14400
Accounts receivable 56000
Accumulated depreciation 61200
Allowance for doubtful accounts 4100
Cash 22780
Fees earned 101600
Fixed asset 210000
Insurance expense 2950
Miscellaneous expense 3020
Prepaid insurance 4000
Rent expense 16000
Salary expense 70600
Supplies 1900
Supplies expense 1650
Tax payable 2400
Unearned fees 40000
Utilities expense 7600
Retained earnings 4000

Instructions: present in a good form a. Income statement, b. Retained earnings statement, c. Balances sheet for 2008

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.