Struggling With Accounting Question

I am really struggling with a question for my Managerial Accounting class. Any help would be greatly appreciated.?

I have been doing calculations for about 5 hours now and cannot get the correct answers I need. I have a schedule already typed out, but missing the required parts I need to complete the assignment.
The problem is as follows:
Sales price per unit - Model 100 ($200), Model 101 ($215)
Costs and expenses per unit:
Direct Materials - M100 ($51) M101 ($38)
Direct labor - M100 ($33) M101 ($30)
Manufacturing overhead (applied at the rate of $18 per machine-hour, 1/3 of which is fixed and 2/3 variable) - M100 ($36) M101 ($72)
Variable selling expenses - M100 ($30) M101 ($15)
Total costs and expenses per unit - M100 ($150) M101 ($155)
Profit per unit - M100 ($50) M101 ($60)
MAchine-hours required to produce one unit - M100 (2) M101 (4)

Total manufacturing overhead amounts to $180,000 per month, one-third of which is fixed. The demand for either product is sufficient to keep the plant operating at full capacity (10,000 machine-hours per month). Assume that only one product is to be produced in the future.
Instructions
a. Prepare a schedule showing the contribution margin per machine-hour for each product.
b. Explain your recommendation as to which of the two products should be discontinued.

Struggling with accounting, help?

(a) Purchased 1,000 shares of treasury stock at $16. The treasury stock is accounted for by the cost method.
Dr Treasury Stock 16,000
Cr Cash 16,000

(b) Sold 500 shares of treasury stock at $19.
Dr Cash 9,500
Cr Common Treasury Stock 8,000
Cr Paid-In Capital on Sale of Treasury Stock 1,500

(c) Purchased equipment for $80,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the equipment.
Dr Equipment 80,000
Cr Common Stock 40,000
Cr Cash 25,000
Cr Paid-In Capital in Excess of Par Value, Common Stock 15,000

(d) Sold 500 shares of treasury stock at $14.
Dr Cash 7,000
Dr Paid-In Capital on Sale of Treasury Stock 1,000
Cr Common Treasury Stock 8,000

Please help with my accounting question DUE TODAY. Struggling with it. THANK YOU?

Coffin Corporation appropriately uses the installment-sales method of accounting to recognize income in its financial statements. The following information is available for 2012 and 2013.


2012--------------------2013
Installment sales-------------- ---$900,000 ---------$1,000,000
Cost of installment sales ------594,000 -----------680,000
Cash collections on 2012 sales-----370,000-- --350,000
Cash collections on 2013 sales --–0– -----------450,000


(a)
Compute the amount of realized gross profit recognized in each year.

Gross profit recognized in 2012
$

Gross profit recognized in 2013
$





Presented below is summarized information for Johnston Co., which sells merchandise on the installment basis.






2012------------- 2013 -----------2014
Sales (on installment plan)----$250,000----- $260,000------ $280,000
Cost of sales---------------------155,000------- 163,800------- 182,000
Gross profit ------------------$95,000 --------$96,200 --------$98,000
Collections from customers on:
2012 installment sales -----------$75,000 -------$100,000 -------$50,000
2013 installment sales -----------100,000(2013)-------- 120,000(2014)
2014 installment sales ------------------------100,000 (2014)


(a)
Compute the realized gross profit for each of the years 2012, 2013, and 2014.

2012 (Profit or loss) and $


2013 (Profit or loss) and $


2014 (Profit or loss) and $

Struggling with journal entries in accounting?

Here's three examples from the homework:
"Paid rent for the month, $2500"
In class he gave us the answer of "rent expense under debit" and "cash in credit"...
If we're paying out, why wouldn't cash be credit?
"Fees earned and billed to customers for the month, $49,770"
Answer: "Accounts receivable under debit" and "fees earned under credit"
Please be gentle with me, as I'm truly struggling in the class. Can anyone explain the process in simple terms? Any method that any of you use to journalize certain entries?

I am struggling with an accounting problem..It is asking how much is the bonus would be..i keep getting 4500?

Here is how it should be done.
The bonus will have to be subtracted from 150,000 before you can calculate the bonus. Let the bonus amount be x. So now you have:
150,000 - x
You know that the tax rate is 30%. So that means that after taxes there will be 70% left, and the bonus will be based on that. So now you have:
0.70 (150,000 - x)
But your bonus (x) is only 10% of that. So now you have the whole equation.
[0.70 (150,000 - x)] 0.10 = x
Now just solve for x
(105,000 - 0.70x) 0.10 = x
10,500 - 0.07x = x
10,500 = 1.07x
x = 9,813.08 Bonus. You can round it if need be.

To check your answer
(150,000 - 9,813.08) = 140,186.92 Income before taxes
140,186.92 x 0.70 = 98,130.84 Net income
98,130.84 x 0.10 = 9,813.08 Bonus. It checks!!!

Accounting Homework question. Struggling to answer it?

Assuming dividend is not required to be booked beofre the EOY, otherwise, prorate the outstanding shares for the year!

Divide $400,000 by $5.00 to obtain outstanding shares before dividend.

Divide $580,000 by the number of shares found above to find book value per share.

Multiply number of shares outstanding by 1.1 to obtain total shares outstanding AFTER dividend.

Book new shares at par, crediting Treasury Stock and Retained Earnings.


Transfer of market value or par value from retained earnings to paid-in capital. Par value per share is not changed.. Total par value is increased.