Accounting Help for College and University Students

Management Accounting - Relevant costing for investments

I'm having a problem with a question that has been set for us to look at. Our lecturer revealed that it is a similar style question that we 'may' face in our final exam, so I realise its importance. Unfortunately I am lost as to how to tackle this question but nevertheless I have made a complete and thorough attempt at completin ...continues

Overview of problem set

I have been working through this problem and one of the online tutors already looked at this and has helped me work through the answer. Attached is their methodology, the actual question and a thorough solution to the problem on excel. It is a relevant costing question regarding an investment at the hospital. I would like som ...continues

Opportunity cost

Hi there again, Just another question about the opportunity cost of the converted wing. Why wouldn't the opportunity cost of the converted wing be calculated at $120 x unutilised number of bed per day. For example, in the 'first column' of the spreadsheet the rate of utilisation is 40%. So in reality, we have 60% of beds ( ...continues

Relevant costing question

I have had this question reviewed by an online tutorial assistant and would like to have it checked over by somebody else. I believe that the answer is correct but would still like a second opinion to be sure. I appreciate all the help the OTA has given me so far but believe that it is always prudent to gain a second opinion. So ...continues

Managment accounting - number of beds in a hospital

Hi there I think I discovered something in the wording of the question.... It states in the question that "one registered nurse earning $25,000 annually, and two licensed practical nurses, each earning $17,000 annually, will staff the 8-bed unit" So does this mean that each unit has 8 beds or not?? Because this will make the ...continues

Costing Question

My lecture notes assert that not all expected future revenues and costs are relevant. It says that "expected revenues and costs that do not differ accross alternatives are irrelevant and hence can be eliminated from the analysis". In saying this, we can eliminate the opportunity cost of the revenue forgone from the medical-surgi ...continues

Opportunity cost

Regarding that question we have been doing: It says that expected revenue is going to be $80 or $120 differential a day for the proposed unit....This is incremental revenue I take it. Should I also be including the $120 regular room charge in my calculation? The reason I ask is because our lecturer told us we don't need to ...continues

Relevant Costing

Finding the opportunity cost. Please see the two attachments. The first one is a reworked solution The second one is an explanation.

Return On Investment

Hi there, If an investment in a project is going to run over a few years, do you use the original investment amount each year when calculating the Return On Investment or do you divide the initial investment by the expected number of years that the investment is planned to last (effectively breaking up the investment cost ove ...continues

Accounting

I want Sales and Purchase and Gross profit and Net profit and expenses figures and Fixed Assets and current Assets Stock,Debtors and Cash in hand figures and total current Assets figures and Current Liabilites and Creditors and Accruals and bankoverdraft figures and current Liabilites total.and Financed By share capital ordinary ...continues