August 2020

Ystad IndustriesRoland Andersson is the manager [ad_1] Ystad IndustriesRolandAndersson is the manager of the Ekland Division of Ystad Industries. He is oneof several managers being considered for position of CEO, as the current CEO isretiring in a year.Alldivisions use standard absorption costing. The division has the capacity toproduce 50,000 units a quater and quarterly fixed […]

saint MGt325 module 4 test 1 [ad_1] Question 1.1.During 2015, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%. Based on this information,

(Irregular Items)Maher Inc. [ad_1] (Irregular Items)Maher Inc. reported income from continuing operations before taxes during 2010 of $790,000. Additional transactions occurring in 2010 but not considered in the $790,000 are as follows.The corporation experienced an uninsured flood loss (extraordinary) in the amount of $90,000 during the year. The tax rate on this item is 46%.At

The comparative statements of Villa Tool Company [ad_1] The comparative statements of Villa Tool Company are presented below.VILLA TOOL COMPANYIncome StatementFor the Year Ended December 3120122011Net sales$1,818,500$1,750,500Cost of goods sold1,011,500996,000Gross profit807,000754,500Selling and administrative expense516,000479,000Income from operations291,000275,500Other expenses and lossesInterest expense18,00014,000Income before income taxes273,000261,500Income tax expense81,00077,000Net income$ 192,000$ 184,500VILLA TOOL COMPANYBalance SheetsDecember 31Assets20122011Current assetsCash$ 60,100$ 64,200Short-term