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ACCT 346 Week 6 Quiz

ACCT 346 DEVRY WEEK 6 QUIZ (2 DIFFERENT SETS)

ACCT 346 DeVry Week 6 Quiz (2 Different Sets)

ACCT 346 DeVry Week 6 Quiz (Version 1)

1. (TCO 7) Elliot’s Escargots sells commercial and home snail extraction tools and serving pieces. Currently, the snail extraction line of products takes up approximately 50 percent of the company’s retail floor space. The CEO of Elliot’s wants to decide if the company should continue offering snail extraction tools or focus only on serving pieces. If the snail extraction tools are dropped, salaries and other direct fixed costs can be avoided and serving piece sales would increase by 13 percent. Allocated fixed costs are assigned based on relative sales.

Snail Extraction Serving

Tools Pieces Total

Sales $1,200,000 $800,000 $2,000,000

Less cost of goods sold 700,000 500,000 1,200,000

Contribution margin 500,000 300,000 800,000

Less direct fixed ACCT 346 DeVry Week 6 Quiz costs:

Salaries 175,000 175,000 350,000

Other 60,000 60,000 120,000

Less allocated fixed costs:

Rent 14,118 9,882 24,000

Insurance 3,529 2,471 6,000

Cleaning 4,117 2,883 7,000

Executive salary 76,470 53,530 130,000

Other 7,058 4,942 12,000

Total costs ACCT346 340,292 308,708 649,000

Net income $159,708 ACCT 346 ($ 8,708) $151,000

2. (TCO 4) Paschal’s Parasailing Enterprises has estimated that fixed costs per month are $115,600 and variable cost per dollar of sales is $0.38.

(a) What is the break-even point per month in sales?

(b) What level of sales is needed for a monthly profit of $67,000?

(c) For the month of August, Paschal’s anticipates sales of $585,000. What is the expected level of profit?

3. (TCO 6) Princess Cruise Lines has the following service departments; concierge, valet, and maintenance. Expense for these departments are allocated to Mediterranean and Trans-Atlantic cruises. Expenses for the departments are totaled (both variable and fixed components are combined) and as follows:

Tags: ACCT 346, ACCT 346 DeVry, ACCT 346 DeVry Week 6 Quiz, ACCT 346 Week 6 Quiz, ACCT346, ACCT346DeVry, ACCT346DeVryWeek6Quiz, ACCT346Week6Quiz.

ACC 613 GCU Week 4 Complete

ACC 613 Grand Canyon Week 4 Complete Work



ACC613


ACC 613 Grand Canyon Week 4 Discussion 1

Explain why the tax laws required the cost of certain assets to be capitalized and recovered over time rather than immediately expensed. How does this reasoning compare with the reasoning for financial accounting purposes? Include references to any tax code or publications that you use for your answer.

ACC 613 Grand Canyon Week 4 Discussion 2

Why are capital gains and dividends taxed at a different rate than ordinary income? Has this always been the case? Discuss the economic and social implications the changes in tax rates for capital gains and dividends. Do you think the existing policies are fair? Why or why not? more info Include references to any tax ACC 613 code or publications that you use for your answer.


ACC 613 Grand Canyon Week 4 Assignment Problems

Details:

Complete the following problems at the end of each chapter:

Chapter 9: Problems 56 and 57

Chapter 10: Comprehensive Problems 64 and 65

Chapter 11: Problem 61

The assignment should be completed in an excel spreadsheet, with one problem on each tab. You must show your work, with notes on how you completed the problem. Specifically, indicate which items you did not include in your calculations because they were not taxable and explain items that are excluded or limited.

An example of a completed tax template and the related Form 1040 and schedules are available under Resources>Course Materials>Course Add-ons. Demonstrations are available in the module readings and Course Materials.

ACC 613 Grand Canyon Week 4 Complete Work

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Bosch Drill Machine 22mm, GBH2

Bosch GBH two-22RE 2Kg SDS Furthermore Hammer Drill 620w
The most compact and light-weight hammer in its class. Drilling in concrete, stone, steel, Wooden and steel is easy by using a Bosch hammer. Bosch rotary hammers set expectations in handiness and drilling speed.
Characteristics:
Rotatable brush plate (equal electricity in ahead and reverse rotation)
Effect prevent for drilling in wood and metal Softgrip to get a protected hold
Management Electronic: accelerator operate for delicate pilot drilling
Overload clutch
Auxiliary deal with with adjustable depth halt may be rotated 360°
Toolholder SDS-as well as
Power output: 280 W
Rated torque: eighteen Nm
Pounds: 2.three kg
Length: 342 mm
Width: 73 mm
Top: 210 mm
Drilling capacity
Drilling perf. in concrete of medium hardness (eight mm diameter, S4) (vol.): 34 cm³ /min
Drilling perf. in concrete of medium hardness (eight mm diameter, S4) (length): sixty eight cm /min
Drill diameter in concrete with SDS-plus flute drill bits: 4-22 mm
Max. drill diameter, concrete, with dust extraction drill bits and extraction extras: 22 mm
Max. drill diameter, steel, (with drill chuck): thirteen mm
Max. drill read more diameter, Wooden, (with drill chuck): 30 mm
Main cutters in masonry: sixty eight bosch gsb 450 re user manual mm
Suggested drilling array: 4 - 12 mm