Academia.edu uses cookies to personalize content, tailor ads and improve the user experience. By using our site, you agree to our collection of information through the use of cookies. To learn more, view our Privacy Policy. Chapter 6: Problem SolvingRelated Papers21 varargin is variable length input argument list. The varargin statement is used only inside a function M-file to contain optional input arguments passed to the function. The varargin argument must be declared as the last input argument to a function, collecting all the inputs from that point onwards. In the declaration, varargin must be lowercase.
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ACCOUNTING Verified answer
ACCOUNTING Verified answer
ACCOUNTING On January 1, 2018, Vacation Destinations issues $40 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:$ $$ \begin{matrix} \text{(1)} & \text{(2)} & \text{(3)} & \text{(4)} & \text{(5)}\\ \text{ } & \text{Cash Paid} & \text{Interest} & \text{Increase in} & \text{Carrying}\\ \text{Date} & \text{for Interest} & \text{Expense} & \text{Carrying Value} & \text{Value}\\ \hline \text{1/1/2018} & \text{ } & \text{ } & \text{ } & \text{$\$ 37,281,935$}\\ \text{6/30/2018} & \text{$\$ 1,400,000$} & \text{$\$ 1,491,277$} & \text{$\$ 91,277$} & \text{$37,373,212$}\\ \text{12/31/2018} & \text{$1,400,000$} & \text{$1,494,928$} & \text{$94,928$} & \text{$37,468,140$}\\ \end{matrix} $$ $ 1. Were the bonds issued at face amount, a discount, or a premium? 2. What is the original issue price of the bonds? 3. What is the face amount of the bonds? 4. What is the stated annual interest rate? 5. What is the market annual interest rate? 6. What is the total cash paid for interest assuming the bonds mature in 10 years? Verified answer
ACCOUNTING Winkle, Kotter, and Zale is a small law firm that contains 10 partners and 10 support persons. The firm employs a job-order costing system to accumulate costs chargeable to each client, and it is organized into two departments-the Research and Documents Department and the Litigation Department. The firm uses predetermined overhead rates to charge the costs of these departments to its clients. At the begriming of the current year, the firm's management made the following estimates for the year: $$ \begin{matrix} \text{ } & \text{ } & \text{Department}\\ \text{ } & \text{Research and Documents} & \text{Litigation}\\ \text{Research-hours} & \text{20.000} & \text{\_\_}\\ \text{Direct attorney-hours} & \text{9.000} & \text{16.000}\\ \text{Materials and supplies} & \text{\$ 18.000} & \text{\$ 5.000}\\ \text{Direct attorney cost} & \text{\$ 430.000} & \text{\$ 800.000}\\ \text{Departmental overhead cost} & \text{\$ 700.000} & \text{\$ 320.000}\\ \end{matrix} $$ The predetermined overhead rate in the Research and Documents Department is based on research-hours, and the rate in the Litigation Department is based on direct attorney cost. The costs charged to each client are made up of three elements: materials and supplies used, direct attorney costs incurred, and an applied amount of overhead from each department ill which work is performed on the case. Case 618-3 was initiated on February 10 and completed on June 30. During this period, the following costs and time were recorded on the case: $$ \begin{matrix} \text{ } & \text{ } & \text{Department}\\ \text{ } & \text{Research and Documents} & \text{Litigation}\\ \text{Research-hours} & \text{18} & \text{-}\\ \text{Direct attorney-hours} & \text{9} & \text{42}\\ \text{Materials and supplies} & \text{\$ 50} & \text{\$ 30}\\ \text{Direct attorney cost} & \text{\$ 410} & \text{\$ 2.100}\\ \end{matrix} $$ 1. Compute the predetermined overhead rates used during the year in the Research and Documents Department and the Litigation Department. 2. Using the rates you computed ill requirement 1, compute the total overhead cost applied to Case 618-3. 3. What would be the total cost charged to Case 618-3? Show computations by department and in total for the case. 4. At the end of the year, the fir's records revealed the following actual cost and operating data for all cases handled during the year: $$ \begin{matrix} \text{ } & \text{ } & \text{Department}\\ \text{ } & \text{Research and Documents} & \text{Litigation}\\ \text{Research-hours} & \text{23.000} & \text{-}\\ \text{Direct attorney-hours} & \text{8.000} & \text{15.000}\\ \text{Materials and supplies} & \text{\$ 19.000} & \text{$6.000}\\ \text{Direct attorney cost} & \text{\$ 400.000} & \text{\$ 775.000}\\ \text{Departmental overhead cost} & \text{\$ 770.000} & \text{\$ 300.000}\\ \end{matrix} $$ Determine the amount of underapplied or overapplied overhead cost in each department for the year. Verified answer Recommended textbook solutions
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Based on the following information calculate the expected return and standard deviation
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