Accounting 2101 Final

I decided to do my research on Sony due to the advancement in technology and the competition between companies such as Microsoft, Apple, and Sony. I have been around long enough to know about Sony’s products but the real reason that attracted me to them for this essay is because I actually believe that they are having a negative trend. I am starting to see less Sony items in stores and I haven’t really heard much about them. Whereas companies such as Apple are constantly being talked about and you often see people walking around with some type of apple product in their hands. Today we are going to research Sony through a horizontal analysis and through different ratio analyses. Let’s see what we find!

Imposition of the price ceiling of $0.50 will lead to a quantity demanded of 8,000. The company will be at its break even since it will make zero profit. The price is equivalent to the average total cost (Lehdonvirta, & Castronova,

5. Paid $250 to have company name and advertising slogan painted on new delivery truck.

Thank you for your response. As mentioned previously, I continued to monitor my account through the portal thoughout the previous session. I did not receive an invoice, and was not aware of one until you called. Also, I have access to the ledger, the information requested was the fees per class. You addressed that in the email, thank you. However, I am still not clear on the accounting. If the clas is $561.00 per credit hour, and this course is a 3 hour course, how did you arrive at $2,100.00? The invoice I need is for the class most recently

Optimal unit count for profit does not change at any point of scale from $10-120,000 remaining at 12,000 units. Revenue hovers at or near $ 351,000 along all changes in the fixed cost spectrum; however it is a product of greater total unit count at or near 13,250 with a negative effect to profit though once crossing the 12,000 unit threshold. Elasticity remains constant regardless of fixed cost change at 1.85.

a.The Acc system contains some basic assumptions about CVP model that do not hold for Auto Tire. The CVP model needs cost & revenue to be linear. In busy season, Auto Tires has costs and revenues that work inversely than during Not-busy-seasons. The revenue line goes down with the average selling price per tire falling from $75 to $60. The variable costs line possibly goes up with the extra hour workers being added to the work force.

The marketing manager would like to cut the selling price by $6 and increase the advertising budget by $2,700 per month. The marketing manager predicts that these two changes would increase monthly sales by 100 units. What should be the overall effect on the company 's monthly net operating income of this change? Show your work!

Retirement and refunding of debt. Imputation of interest on notes. Disclosures of long-term obligations. Troubled

How many additional units would the company have had to sell in 2009 in order to earn net income of $30,000?

Suppose its inventory holding cost per unit per year doubles while the annual demand and the

The primary function of financial accounting is to provide relevant financial information to parties external to business enterprises.

Case 10-7 Impaired Abilities Scenario A On March 31, 2010, at the end of its first quarter, Company A owned a portfolio of investment-grade, fixed-rate debt securities classified as available for sale. Because of interest rate increases that occurred between the date that certain securities were acquired and March 31, 2010, a material portion of the portfolio was “underwater.” Company A evaluated this decline in fair value to determine whether it is other than temporary and concluded that the decline is temporary. Company A provided the auditors with a brief memo documenting its conclusion as of the period end as follows: M EM O R AN D U M

A dividend is a distribution of earnings to the shareholders of a corporation. Earnings are accumulated in a corporation’s retained earnings account so when earnings are distributed, the retained earnings account is decreased. Since a dividend decreases the amount a shareholder has invested in the corporation (by distributing assets of the corporation to shareholders), a debit must be made to retained earnings (owners’ equity) to reduce the amount by which the owners’ investment has decreased (which is the amount of the dividend). A dividend is not an expense and is not reported on the income statement.

3. The projected profit for the different order quantities and scenarios are given in the following table.

At a price of 21.7945, you expect a quantity of 330,608 to be sold, for a revenue of 7,205,450. At a quantity of 330,608, you expect a cost of 6,017,603. The predicted profit is 1,187,847.