# Final

Submitted By lawman06
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CHECKLIST OF KEY FIGURES
Volume II
For Exercises and Problems in
Kimmel, Weygandt, and Kieso

Accounting, Tools for Business Decision Making, Third Edition

Chapter 14

Exercises
14-2 (a) DM 5, 10.
(b) DL 1, 6.
14-4 (a) \$166,350; (c) \$72,140.
14-5 (a) 3, 7; (c) 1, 2, 4, 9, 10.
14-7 (a) \$35,100.
14-8 (a) CGM \$303,500.
14-9 Total manfg. costs \$381,000.
14-10 (a) \$82,150; (c) \$36,225; (e) \$242,500.
(g) \$21,700; (i) \$267,000.
14-11 (b) \$17,000; (d) \$60,000; (f) \$225,000;
(h) \$63,000.
14-12 (a) \$62,500; (b) \$27,100.
14-13 (a) \$17,300.
14-14 CGM \$517,300.
14-15 (a) 1, 2, 3, 5, 6, 7, 9, 10, 13, 14, 15, 16.
(b) 4, 8, 10, 11, 12.
14-16 (a) \$124,800; (b) \$26,100.
14-17 (a) RM \$3,150; FG \$9,315;
CGS \$27,945.

Problems
P14-1A (a) DM \$75,000; DL \$43,000; MO \$18,100; PC \$22,100.
P14-2A (a) DM \$96,200; DL \$78,000; MO \$17,050; PC \$8,500.
P14-3A (a) \$20,600. (e) \$7,400. (h) \$7,000. (b) CGM \$17,000.
P14-4A (a) Cost of goods manufactured \$367,910. (b) Gross profit \$181,790. (c) Total current assets \$213,100.
P14-5A (a) Cost of goods manufactured \$572,200. (b) Net income \$9,000.
P14-6A (b) CGM \$657,300. (c) NI \$87,600; total assets \$735,100.
P14-1B (a) DM \$20,000; DL \$44,000; MO \$17,100; PC \$11,700.
P14-2B (a) DM \$46,000; DL \$52,000; MO \$13,350; PC \$6,000.
P14-3B (a) \$17,300. (e) \$4,900. (k) \$21,500. (b) CGM \$15,800.
P14-4B (a) CGM \$299,900. (b) Gross profit \$165,400. (c) Total current assets \$185,000.
P14-5B (a) CGM \$478,000. (b) Net income \$20,500.

Chapter 15

Exercises
15-1 (a) Total labor \$72,000.
(b) Work in process \$61,200.
15-2 (b) Job 430 \$10,100; Job 431 \$18,080.
15-3 (a) (1) \$15,500; (2) 75%, 80%.
15-4 (a) \$63,150; (c) \$9,200; (e) \$305,000;
(g) \$308,700; (i) \$68,850; (k) \$9,000.
15-5 (a) \$2.44/mh; (b) \$4,800 underapp.
15-6 (a) (2) 125%; (3) Total cost \$7,885.…...

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... = \$8000 + 8% of \$8000 = \$8640 After 45 days Lisa paid \$2000 so amount left =\$8640-\$2000 = \$ 6640 On 45th Day Lisa Paid \$1000 so amount due = \$6640-\$1000 = \$5640 Total Interest = ordinary Interest = 8% 8. Bob's proceeds: Discount on the note is calculated as follows: Maturity Value * Discount Rate * Discount Period = Discount Maturity Value is 5,133.33 calculated as follows: 5,000 * 8% * (120/360) 5,133.33 * 9% * (66/360) = 84.70 Bob’s Proceeds are the Maturity Value less the Discount so 5133.33-84.70=5048.63 9. Amount deposited = \$25000 Interest Rate = 10% After 4th Year \$40,000 are deposited more at the interest rate of 10% After the end of six years the value in the account of Jacob Fonda = 25000(F/P, 6, 10%) + 40000(F/P, 3, 10%) = \$116025 + \$132400 = \$248425 10. Deposits made by Roger Fox semiannually = \$900 Compounding rate = 6% Number of deposits made by Roger after that= 0 After 8 years the balance in the account = (900(P/A, 6%, 14)) * (F/P, 6%, 16) = \$24676.55 11. Total money borrowed by Dick Hercher without any interest = \$7000 Before the end of 14th Month the installments he has paid = \$190 * 14 = \$ 2660 Final payment Dick will make = \$7000 - \$2660 = \$4340 12. Down payment = 20% of 350,000 = \$70000 Net present payment = \$280,000...

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