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tory Bookmarks People Tab Window Help 100% Do Homework - Ryan Simpson hxl.com/Student/PlayerHomework.aspx?homeworkld=560300618&questionld=1&flushed=false&cld=5854184¢erwin=yes 22 Managerial Accounting Spring 2020 8:30 Ryan Simpson & | 02/26/20 11:49 PM nework: Chapter 22 Extra Credit Opportunity Save 0 of 1 pt 1 of 1 (0 complete) HW Score: 0%, 0 of 1 17B (similar to) Question Help ney Batting Company manuf i Data Table - X and young teens, and an adult signed for high school and co The youth bat sells for $50; the at sells for $85. Haney's high all season. Haney's balance sheet ember 31, 2018, and other d lick the icon to view the balan Haney Batting Company he requirements Balance Sheet December 31, 2018 rement 1. Prepare Haney's sa Assets Haney Batt Current Assets: Sales Cash $ 45,000 For the Quarter E Accounts Receivable 23,200 Yo Raw Materials Inventory 11,200 Finished Goods Inventory 17,720 eted bats to be sold Total Current Assets $ 97,120 price per unit Property, Plant, and Equipment: sales Equipment 120,000 Less: Accumulated Depreciation (20,000) 100,000 Total Assets 197,120 Liabilities Current Liabilities; any number in the edit fields ? Print Done maining Check Answer 27,324 26Edit View History Bookmarks People Tab Window Help Do Homework - Ryan Simpson $ 7 100% Thu 12: Assign mathxl.com/Student/PlayerHomework.aspx?homeworkid=559107697&questionld=1&flushed=false&cld=5854184¢erwin=yes BUS 222 Managerial Accounting Spring 2020 8:30 Ryan Simpson | 02/27/20 12:15 AM Homework: Appendix C Extra Credit Opportunity! 20 Points Save Help ccoun Score: 0.15 of 1 pt HW Score: 15.14%, 0.15 of 1 pt x CYUC-2 (similar to) Question Help Consider the following four-year selected financial data for Espresso, Inc. (Click the icon to view the selected financial data.) ork Read the requirements. Test Espresso's profit margin ratio has deteriorated during the 2017-2019 period. Requirement 2. Compute and evaluate Espresso's earnings per share for 2019-2017. (Round the earnings per share to the nearest cent, X.XX. Enter a loss and/or a negative earnings per share with a minus sign or parentheses.) (NI - Preferred dividends) Weighted avg. # of common shares o/s = Earnings per share 019 (12) 868 $ (0.01) per share 2018 $ 880 884 $ 1.00 per share 2017 EA 1,124 906 $ 1.24 per share Espresso's earnings per share has deteriorated during the 2017-2019 period. Requirement 3. Compute and evaluate Espresso's inventory turnover for 2019-2017. (Round the amounts you enter into the formula to the nearest cent. X.XX, and round the inventory turnover ratio to one decimal place, X.X.) (NI - Preferred dividends) Inventory turnover 2019 times times 2018 times 2017 ? Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer 8 parts Clear All remaining 27,325 27 I Q C P W MacBook Air DII DD F8 9 F10 20 F6 F7 F3 F4 F5 % 8 O 4 5 6 9 DBookmarks People Tab Window Help Do Homework - Ryan Simpson om/Student/PlayerHomework.aspx?homeworkld=560300618&questionld=1&flushed=false&cld=5854184¢erwin lanagerial Accounting Spring 2020 8:30 Ryan Simpson & | 02 work: Chapter 22 Extra Credit Opportunity of 1 pt 1 of 1 (0 complete) HW Sco B (similar to) Ques y Batting Company manuf i Data Table - X h and young teens, ned for high school and co The youth bat sells ells for $85. Haney's high all season. Haney's ber 31, 2018, and other d the icon to view the balan Raw Materials Inventory 11,200 requirements. Finished Goods Inventory 17,720 Total Current Assets $ 97, 120 ment 1. Prepare Haney's sa Property, Plant, and Equipment: Haney Batt Equipment 120,000 Sales Less: Accumulated Depreciation (20,000) 100,000 For the Quarter E Total Assets $ 197,120 Y Liabilities Current Liabilities: ted bats to be sold Accounts Payable $ 16,500 price per unit Stockholders' Equity sales Common Stock, no par 50,000 Retained Earnings 130,620 Total Stockholders' Equity 180,620 Total Liabilities and Stockholders' Equity $ 197,120 any number in the edit fields parts Print Done emaining Check Answer 27,32/ 26 4People Tab Window Help Do Homework - Ryan Simpson PlayerHomework.aspx?homeworkld=560300618&questionid=1&flushed=false&cld=5854184¢erwi ccounting Spring 2020 8:30 Ryan Simpson & | 02 Chapter 22 Extra Credit Opportunity 1 of 1 (0 complete) HW Sc ar to) QU mpany manufa n and young teen school and col i More Info X The youth bat sel Haney's highe pall season. Haney 8, and other da view the baland a. Budgeted sales are 2,000 youth bats and 3,600 adult bats. its b. Finished Goods Inventory on December 31, 2018, consists of 600 youth bats at $20 each and 520 adult bats at $11 each. pare Haney's sal c. Desired ending Finished Goods Inventory is 550 youth bats and 450 adult bats; FIFO inventory costing method is used. Haney Batti d. Direct materials requirements are 42 ounces of wood per youth bat and 60 Sales ounces of wood per adult bat. The cost of wood is $0.40 per ounce. or the Quarter En e. Raw Materials Inventory on December 31, 2018, consists of 28,000 ounces of wood at $0.40 per ounce. Yo f . Desired ending Raw Materials Inventory is 20,000 ounces (indirect materials B: are insignificant and not considered for budgeting purposes). g. Each bat requires 0.5 hours of direct labor; direct labor costs average $30 per o be sold hour . unit Variable manufacturing overhead is $0.80 per bat. 1. Fixed manufacturing overhead includes $700 per quarter in depreciation and $14,096 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $7,000 per quarter for salaries; $3,000 per quarter for rent; $1,700 per quarter for insurance; and $100 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 5% of sales. mber in the edit fields Print Done Clear All Check Answer 27,324 26History Bookmarks People Tab Window Help D X 100% O Do Homework - Ryan Simpson mathxl.com/Student/PlayerHomework.aspx?homeworkld=560300618&questionld=1&flushed=false&cld=5854184¢erwin=yes BUS 222 Managerial Accounting Spring 2020 8:30 Ryan Simpson & | 02/26/20 11:50 PM Homework: Chapter 22 Extra Credit Opportunity Save core: 0 of 1 pt |1 of 1 (0 complete) HW Score: 0%, 0 of 1 p 22-47B (similar to) Question Help The Haney Batting Company manufactures wood baseball bats. Haney's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Haney sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $50; the adult bat sells for $85. Haney's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Haney's balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow: (Click the icon to view the balance sheet.) i (Click the icon to view the other data.) Read the requirements. Requirement 1. Prepare Haney's sales budget for the first quarter of 2019. Haney Batting Company Sales Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be sold Sales price per unit Total sales Enter any number in the edit fields and then click Check Answer. ? parts remaining Clear All Check Answer 27,324 26 I I D C P W