Kimbeth manufacturing uses a process cost system to manufacture dust density sensors for the mining industry. the following information pertains to operations for the month of may. units beginning work-in-process inventory, may 1 16,000 started in production during may 100,000 completed production during may 92,000 ending work-in-process inventory, may 31 24,000 the beginning inventory was 60% complete for materials and 20% complete for conversion costs. the ending inventory was 90% complete for materials and 40% complete for conversion costs. costs pertaining to the month of may are as follows: • beginning inventory costs are materials, $54,560; direct labor, $20,320; and overhead, $15,240. • costs incurred during may are materials used, $468,000; direct labor, $182,880; and overhead, $391,160. using the fifo method, kimbeth’s equivalent units of production for conversion costs are

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Juwana was turned down for a car loan by a local credit union she thought her credit was good what should her first step be

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)