This file is used with Problem 6C-4, and contains the three worksheet tabs listed below. Simply click on the tab you wish to view. 1. "Working Trial Balance" contains the KCN Working Trial Balance for the year ended December 31, 20X5 (unadjusted) and 20X4 (adjusted). 2. "Financial Statements" contains comparative KCN Financial Statements which are the results of the adjusted working trial balance amounts for 20X5 and 20X4. 3. "Ratios" contains the Financial Statement Ratios calculated from KCN Financial Statements, both for 20X5 and for 20X4. Required: a. Recalculate the 12/31/X5 and 12/31/X4 ratios using Excel on the Ratios schedule. b. Identify financial statement accounts that should be investigated because the related ratios are not what one would expect as compared to the prior-year ratios, industry averages, or your knowledge of th company. c. For each account identified in part b., list potential reasons for the unexpected account balances and related ratios.

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?