Accounting Questions and Answers April 15, 2021

Construct a stem-and-leaf plot for the points scored in 16 basketball games. (i) What is the stem unit? (ii) What is the leaves unit? (iii) What data point might be considered a possible outlier? (iv) What is the median for this set of basketball game points? (v) Is there a mode? If so, what is it?

A commercial vegetable and fruit grower carefully observes the relationship between the amount of fertilizer used on a certain variety of pumpkin and the revenue made from sales of the resulting pumpkin crop, recorded in the following table Amount of Fertilizer (pounds/acre) 250 500 750 1000 1250 1500 1750 2000 Revenue earned (dollars/acre) 96 145

Mr. PT is a registered distributor of CDO products and Chicken products from Bounty here in Albay, which is considered the home office. He employed 100 employees and currently considered as one of the largest taxpayer in the province of Albay. Mr. PT is a EFPS user. He pays his rank and file employees under the minimum wage rate. He has also

Assignment Based on your reading and analysis of the case study above, address the following items in a detailed essay response of approximately 600 words. Each number below should be addressed thoughtfully and carefully in its own paragraph (approximately 150 words per paragraph). Submit your completed assignment as a file attachment (Word

Use the information in the trial balance tab to prepare the following financial statements: 1. Statement of Financial Position Use the data provided in the trial balance to complete this statement. 2. Statement of Activities In addition to the information provided from the trial balance, use the following information to prepare the Statement of

In 2013, Robinsons started the construction of a mall which is to be leased out under various operating leases. The construction was completed at the end of 2014 at a total cost of $29 370 874. Robinsons operation started at the beginning of 2015. The mall has an estimated useful life of 20 years. Robinsons uses the cost model and straight line

In the year to 31 December 2019 the following transactions took place: A new warehouse was acquired on 31 March 2019, Lisa received internet connection usage bill of RO500 for the 12 months ending on 31 March 2020. Payment was made in full, on 30 April 2019. In the accounting year to 31 December 2020 the following transactions took place: She

Concord Ready-mix applies process costing as it produces a single product in large volume. The process line (partial) for Mixing Department is given below: Compute cost of normal spoilage and show the shifting 63,000 Units 2,000 Units 4,000 Units 60,000 Units 0% 20% 30% 40% 50% 70% 80% 100% DM DL IP 1 IP 2 OH Other Information: At 20%, we have

For the QUESTION 6, I definitely want something written by you with your own words. Feel free to mention your thoughts and do not be afraid of sharing your comments with me. Q-6) The main functions of managerial accounting are; UNIT COST CALCULATION; COST ESTIMATION; PLANNING; CONTROLLING; PROVIDING INFORMATION FOR DECISION MAKING. By mentioning

This ACC217 Accounting Assignment has been solved by our Accounting Experts at TVAssignmentHelp. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000 Students in Australia, UK US by helping them to score HD in their academics. Our Experts are well trained to follow all marking

A non-current asset (building) has been acquired by a company which wishes to account for this as an investment property. The building cost 6,300,000 on 1January 2020 and its market value on 31December 2020 is 8,100,000. The companys depreciation policy for similar non-current assets is the reducing balance method using a rate of 10%. Required

Develop a personal spending tracking system. The system allows user to record income and daily expenditures. Please make sure you have the following requirements: Dashboard Total Income, Total Actual Spending and Balance - all according to categories Sign In and Sign Up (includes update profile) Data input/update/delete for transaction (i.e.

On Jan 1 2017, Pelangi Indah Berhad purchased a 12 floor building located in the centre of Johor Bharu city for RM 2.5 million. Professional fees for legal service and property transfer taxes expenses incurred in acquiring the building were amounted to RM 900,000. Nine of the floor was rented out to Langit Biru Ltd, one of the subsidiary of

b) Disney Amusement Park has a fiscal year ending on September 30, 2010 Selected data from the September 30 worksheet are presented below. DISNEY AMUSEMENT PARK Worksheet For the Year Ended September 30, 2010 Adjusted Trial Balance Dr. Account Titles Trial Balance Dr Cr. Cr. 41,400 1,200 8,900 80,000 Cash Supplies Prepaid Insurance Land 41,400

At the outpatient unit of a major hospital in NYC, some patients (with non-critical conditions) experience longer than expected waiting time before seen by a general practitioner. Lately, the hospital has been receiving complaints about long waiting times. When patients must wait more than expected (25 minutes), they complain. Each patient

Graystone Inc is a computer services company which provides consulting services, computer system installations, and custom program development. It was founded in 2006, and quickly became known as one of the top companies in the industry due to their unique and highly customizable services. Graystone Inc attributes a great deal of its success to

1. The comparative balance sheet of Dave Matthews Company at March 31, 2010, reported the following December 31, 2020 2019 Current Assets Cash and cash equivalents. Accounts receivable . Inventories. Current Liabilities Accounts payable. Accrued liabilities Income tax payable. 6,200 14,900 63,200 4,000 21,700 60,600 30,100 10,700 8,000 27,600

1. The Cash Provided by Operating Activities is 19,860. 2. The Cash Payments for Income Taxes is $8,340. 3. Beginning Balances: Cash 7,300 Accts Receivable 52,000 Inventory 16,000 Prepaid Rent 1,000 Furniture and Fixtures 45,000 F&F Acc Depreciation (4,000) Land 40,000 Security Deposit 2,000 Accts Payable 26,400 Wages Payable 2,000 Taxes Payable

This is a Group Assignment FAR: Phase 1 (5%) 1. Select the job you are recruiting for (create this job) This will be the job you will continue to use throughout the term project. ie: Nurse, Teacher. 2. Create an outline (1 page) listing your group name, members, discuss the contents of your assignment, and how you choose this job for your Team

Jason is a computer wholesaler who has entered into a contract to provide specially customised computers to Ricky, a computer retailer. The ship in which the computers are being transported sinks due to a tsunami. Is there frustration? Give reasons for your answer.Jason is a computer wholesaler who has entered into a contract to provide specially

To kick start its economy, Country X is offering subsidized loans to Australian companies willing to set up operations there. The loan is $25 million at 3% when the market interest rate for such an investment is 8%. The loan principal is to be paid off in five equal annual installments. (1) What is the before tax value of this interest subsidy? [5

What is the accounting treatment for the risk of loss or damage of company property by fire, explosion, or other hazards? Is the accounting treatment the same for the risk of loss or damage of others property? What must a company determine with respect to unfiled suits and unasserted claims and assessments?

Danny wants to buy a car, so he visits a car dealer on a Saturday. Danny speaks to Adrian, a car dealer and Adrian recommends a new sedan to Danny. Danny is happy with the car and asks Adrian to prepare the contract of sale. Adrian then informs Danny that he must pay 50% deposit and the deposit will be forfeited if Danny does not return with the

Q1. Differentiate between Perpetual inventory system and Periodic inventory system Q2. Why FIFO Inventory method is better than the LIFO Inventory method, used in merchandising business? Analyze this and write any 4 reasons. And write the company name in Oman which is following perpetual inventory system. Q3. Select any 5 terms which are used in

ABC Co is engaged in different business activities in the Philippines. During the year, the company has the following business transactions: Receipts as promoter of international concerts - P 4,000,000 Receipts as exhibitor of UAAP basketball games in DLSUD - 1,000,000 Receipts as franchise holder of a food chain (Jollibee chicken towel)-

Test I- Mr. Sam de la Cruz, the president of the company asked you to help him compute the documentary stamp tax in some of his transactions for the taxable year 2020. During the year, he has several loans contracted with some financial institutions. One of which is with BDO where the loan is P 4,567,990. Another one is with BPI where the loan is

A Co., B Co. & C Co. are a subsidiary of ABC group. B Co is looking for a friendly buyer for its ground sports equipment. ABC Groups CEO believes that B Cos assets could be acquired for an investment of $1.1 million and has asked Mr. Viliame, the Accountant of A Co. to consider acquiring B Co. Mr. Viliame quickly reviewed the financial

1: In light of this case, what were three key priorities for Home Entertainment to reduce its costs? 2: Identify the specific goals set by this company to achieve these cost reduction targets? 3: After reviewing this case, what is one thing that you would have done or recommended differently to increase some of the benefits

S.A. is a small, regional airline founded by Samuel Kaplan in 1986. It started service in Idaho Falls. By leasing and buying used aircraft, Kaplan increased S.A.s seating capacity and expanded service to over 75 domestic and international destinations over the next ten years. The company was run exclusively by Samuel Kaplan, who served as chairman

In the second month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $500. The opening balance of the cash account was $200. The cash account has a $500 credit balance. O $900 debit balance O $600 debit balance $400 credit

Two spacecraft are following paths in space given by r1(sin(t),t,t2) and r2(cos(t), 1t,t3). If the temperature for the points is given by T(x,y,z)(x2) y(7z), use the Chain Rule to determine the rate of change of the difference D in the temperatures the two spacecraft experience at time t3. (Use decimal notation. Give your answer to two decimal

According to the ALPHA company, there employees generally spend more than 55 hours each week working on official duties. The following data show the number of hours worked per week for a sample of 13 IT department and a sample of 11 Accounts department. IT department: 66 64 64 65 68 59 71 64 64 62 63 66 58 Accounts department: 57 60 56 57 58 59 56

Accounting Harry Baker formed Xeno Corporation on January 4, 2017. The corporation filed a valid S corpora-tion election on January 19, 2017, to be in effect for 2017. Harry, the corporations sole shareholder, consented to the election. The corporation had business ties to Mexico, and to strengthen these ties, Harry sold 25% of his Xeno shares to

On Dec. 31, 2019, Manama Inc. issues callable bonds that have a $350,000 par value, mature in 10 years, and pay 6% interest semiannually on June 30 and December 31. The bonds are sold at $270,000. On Dec. 31, 2020, the company called on the bonds and paid $266,000 to outstanding bondholders. Required: Prepare journal entries to record: 1. The

Janah Co. signed a construction contract with the ministry of health to build a hospital in three years starting 1/1/2017 and finishing 31/12/2019. The contract price is set for 88,000 and the overall costs are estimated to be 56,000. You have the following information: The contract price is increased by 1,000 by the end of 2017 and another 1,000

Q9: On Dec. 31, 2020, Zallaq company issues callable bonds that have a $700,000 par value, mature in 10 years, and pay 5% interest semiannually on June 30 and December 31. The bonds are sold at $600,00o. On Dec. 31, 2021. the company called on the bonds and paid $589,000 to outstanding bondholders. Required: Prepare journal entries to record: 1.

no Mark On Dec 31. 2000, Zalag company iun ratbir bondh that have a s700 000 par valan, matrein 10 years and pey erent semamualy on june s0 and Decnb 1. The bondeav sold at oa. on Dic 1, . the complany caed on the bonds ant paid ssa00o to Dutstanding bondholdern. Required Prepare joumal entries to record 1, The bonds uanor on Dec 31 2020 2 The

Create your own company (Manufacturing/Hypermarket/Car Showroom/Perfume showroom/Electronics Export and Import etc.,) and answer the following three questions? Write the Introduction of the Company by your own words? Prepare Income Statement and Balance sheet for your company and calculate any five ratios from prepared Financial Statement,

A shop floor of a manufacturing plant has the physical ability to handle 550 workers. However, the plant layout design showed that only 500 workers could work effectively throughout the shift. Last years attendance showed that 450 workers were present annually. What is the utilization and the efficiency of the manufacturing plant The utilization

The future earnings, dividends, and common stock price of Callahan Technologies Inc. are expected to grow 4 per year. Callahans common stock currently sells for 22.25 per share its last dividend was 2.00 and it will pay a 2.08 dividend at the end of the current year. a. Using the DCF approach, what is its cost of common equity Do not round

Prepare a master budget for McGregor Pharmacy Company for the year ending December 31, 2021 using the following information. Prepare it per quarter. Use the tables provided by the professor. Fill it. Prepare the Sales Budget assuming: Expected sales volume: 8,000 units for the first quarter, an increase of 20% is expected for the second quarter, a

Assume you are an audit partner for SENA international auditing firm. The audit committee of ABC manufacturing company contacted you in order to provide financial statements audit for ABC company. As an audit partner, you are discussing with the management and with audit team the significance of contacting the prior auditor and asked for

PeopleSoft, a maker of human resource and database software, announced on February 9, 2004 that an increased bid by Oracle, a maker of database software, of $26 per share made directly to the shareholders was inadequate. PeopleSofts board and management rejected the bid even though it represented a 33% increase over Oracles previous offer of

Style Ltd is in the business of recreation. The directors of Style Ltd are Barry, David, and Kate. There are 100 shares, with Barry, David, and Kate having 20 shares each and the remaining shares being held by 40 shareholders, who each have 1 share each. The remaining 40 shareholders are passive investors and sometimes attend the AGM, but beyond

You have recently joined a magazine company. now you have to write articles in magazine aiming at helping new and existing businesses developed. Write an article that evaluate the types of companies for people contemplating a start in business (sole trader, partnership and limited company). You should make recommendations by providing typical

Assume you are an audit partner for SENA international auditing firm. The audit committee of ABC manufacturing company contacted you in order to provide financial statements audit for ABC company. As an audit partner, you are discussing with the management and with audit team the significance of contacting the prior auditor and asked for

June 1 Shareholders (Ahmed and Sara) invested $500,000 each in the business. June 1 Paid 5000 rent in advance for the month of June. June 2 Purchased a delivery truck from Honda Al Ain for $50,000 (invoice no: 101) on account June 3 Purchased supplies for $1000 (invoice number 102) on cash from LULU company June 4 purchased inventory of 100 mobile

1- Remeasure the above figures from euros to British pounds as at 31/12/2020 2- Calculate the subsidiary's net income (or net loss) as at 31/12/2020

8. On 31122020 a British company (uses British pound for reporting) has a whollyowned Italian subsidiary (uses euro for pound Following is the trial balance for the Italian company on 31122020 31122020 Dr Cr Cash 1,000 Accounts receivable 2,000 Inventory 3,000 Property, plant, Equipment 10,000 Cost of goods sold 7,000 Depreciation expense 2,000

2-) Murtaza's father decides to have PV panels installed on the roofs of Berkecan houses and After his research, he identifies two possible systems. System1: Monocrystalline panel, 20.5% efficiency, 1m x 2m size, 325WP power and $180/panel fee. System2: Amorfus panel, 11% efficiency, 0.5m x 1m size, 80WP power and $72/panel fee. (Amorphous systems

Intel, a large US semiconductor company, has 15% of the microprocessor market. Its closest foreign competitors Samsung Electronics and Synix of South Korea have 12.5% and 5.4% of the market respectively. Since, both these firms are based in South Korea, most of their costs are denominated in Korean Won (hereafter denoted as won). A depreciation of

Competitive bidding is a form of solicitation that is used in the procurement of goods and services. It is used by companies and government agencies that require the delivery of products or services on a large-scale basis. You are asked to buy a new car for the Ministry of National Economy through bidding and sold a used car. Apply the attached

Find an article relating to global business in any national or regional media source published in the past 14 days and comment on its impact on the U.S. This journal entry requires you to reflect on a current business topic of your choice. The journal entry should be a minimum of 400 words, and citations must be in APA format. You must provide a

Create your own company (Manufacturing/Hypermarket/Car Showroom/Perfume showroom/Electronics Export and Import etc.,) and answer the following three questions? Write the Introduction of the Company by your own words? Prepare Income Statement and Balance sheet for your company and calculate any five ratios from the prepared Financial Statement,

Janet Pascoe owns a small recruitment agency, and is thinking of buying a new accounting, management and database system for her business leads, employer and client records. Her accountant has produced a five year target for her, which shows that her cash flows are likely to diminish in the first two years (due to set up costs etc.), but will show

The IPL Sports Company has issued 8% coupon bonds. Coupons are paid on a quarterly basis, the bonds have a R1 000 par value and will mature in 10 years. The bonds are currently selling at a price of R900. The company's tax rate is 28%. What is the firm's component cost of debt for purposes of calculating the weighted average cost of capital

Summarize the information regarding the leadership level below. Be sure to make a comparison between these levels that contains the following objectives Time horizon or time frame in which the leader must plan and achieve results; Priorities that require the attention of the leader; Types of relationships the leader needs to cultivate and

CHAPTER 4 How to climb the leadership ladder 119 leadership transition at all levels, managers will emerge who lead with better levels of proficiency at each transition thus filling the channel with several strong candidates for the highest office. This channel of Leadership serves the entire organization and reduces the need to draw on sources

Mr. Sam de la Cruz , the president of the company asked you to help him compute the documentary stamp tax in some of his transactions for the taxable year 2020. During the year, he has several loans contracted with some financial institutions. One of which is with BDO where the loan is P 4,567,990. Another one is with BPI where the loan is P

Which of the following statements is correct ? a. The purpose of the valuation will influence the standard of value; the methodologies used; the level of research performed; and, possibly, the date of valuation b. The level of data available for the valuation of small and mid-sized companies tends to be much less than the amount of data available

1) From the following data, make the following adjustments, and complete the worksheet for the month. (a) Depreciation Expense is $250. (b) Supplies available $250, supplies on hand $75. (c) Prepaid Insurance balance $400, $100 has expired. (d) Wages for the 5-day work-week are $500, the month ended on a Wednesday. DR CR DR CR DR CR DR CR DR CR

Super Ltd is one of the leading oil refining companies. The company has three plants - one each situated in North, South and West. The company has a refining capacity of 30 million barrels. The company currently enjoys a 40% share of the domestic market. The plants run on all 365 days in a year and operate at 100% of the capacity. The company

Lee Ltd makes a range of products all of which follow a similar production process and have the same cost structure. The products are made in batches that are started at the beginning of the month and are completed and taken into finished goods inventories at the end. There is no work in progress at the end of any month. The business is

Create a form for a clinic system with Kuwait Clinic System as title. This form should contain Save and Cancel buttons. Also, it should contain a list box for the clinic branches locations, assuming that there is one branch in each of the Kuwait Governorates, the user is allowed to select only one branch, while the default branch is Jahra. The

Dr. Midas Welby opened up a psychiatry practice on March 1, 2019. He operates this practice out of his personal residence in Kingston and also has an office located in Belleville. Details of revenues and expenses for the 306 days ended December 31, 2019, are as follows all amounts include HST because the services provided are not HST taxable: (a)

During 2019, Sigma Company earned service revenue amounting to $700,000, of which $630,000 was collected in cash the balance will be collected in January, 2020. Also in 2019, there were collections of cash prior to the delivery of goods/services totaling $10,000. What amount should the 2019 income statement report for service revenue? Multiple

On March 1, 2018, Maxus Energy acquired a gold mine for $29,000,000. At the time of acquisition, the Proven and Probable gold reserves of the mine were estimated to be 470,000 ounces. During the period March 2, 2018 through December 31, 2018, Maxus Energy incurred intangible development costs of $4,619,000; fixed tangible costs of $55,700; and

Mr. Islam is a gazette freedom fighter in Bangladesh and currently, he is working as an associate professor at a private university in Bangladesh. For the assessment, his income of the year 2019-2020 is given below: Income from salary: on July, 2019, basic salary (B.S) Tk. 90,000 in the scale of 78,000-4,000*10-118,000. His date of yearly salary

You have recently accepted the new position of Vice President Internal Audit at NOVA Chemicals Inc. (NOVA), a top chemicals manufacturing and distributing corporation in Canada. It produces and distributes a complete range of industrial and agricultural chemical products - industrial cleaning, weed controls, fertilizers. NOVA is relatively new to

Project is about lossless compression of data (LCOD), of which a very large integer (decimal) being represented by any method of math equation that will use less data bits in a storage or to be transmitted. For example, 10000 = 10^4 will save one bit of space when the decimal is converted into the math equation. Mr group member has determined that

For this problem you must use Python semaphore class. Your implementation for this problem must only use the semaphore methods to control the concurrency of your solution (IE. acquire and release). ASSIGNMENT DESCRIPTION Consider a small take-out food restaurant called Burrito Brothers that is open 24 hours, seven days a week. This very popular

Tamara Company inventory records show the following inventory purchases for its first year of operations Units Unit Cost January 1 3,000 7.00 May 14 4,100 6.00 October 30 3,900 5.00 A physical inventory on December 31 shows 2,000 units on hand. Under the FIFO method, how much is the December 31 inventory balance (value of ending inventory)

Develop a class diagram for the following software: A client wishes to set up an internet shopping application. Requirements include the ability of a customer to register with a name, address, payment details and be assigned a unique customer identification. A customer should be allowed to order any item from the site. When an order is completed

1. Ken Brown is the principal owner of Oil, Inc. After quitting his university teaching job, Ken has been able to increase his annual salary by a factor of over 100. At the present time, Ken is forced to consider purchasing some more equipment for Brown Oil because of competition. His alternatives are shown in the following table: EQUIPMENT

Platino Bhd is a Malaysianbased company that focuses on engineering services, property development, food, and beverage sectors. The companys objective is to generate superior investment returns by focusing on core businesses and building on its strengths to further develop and diversify. Recently, the financial team is given the tasks on the

A bond market investor who holds $5 million in a portfolio of bonds. He wants to estimate the 20-day 99% Value at Risk for the portfolio. (a) Design two alternative approaches that he can use to obtain the Value at Risk. (b) Provide appropriate numerical examples for the two approaches, such that you can demonstrate the steps you will take to

Calculate the limits, tolerances, and allowances on a 25 mm shaft and hole pair designated H7g6 to get a precision fit. The fundamental tolerance is calculated by the following equation i 0.453VD 0.001D The following data is given Upper deviation of shaft 2.5D 0.34 25 mm falls in the diameter step of 1830 mm IT7 16i IT6 10i Wear allowance 10

A company that produces USB memory sticks has been receiving complaints from its customers about the large number of devices that will not store data properly. Company management has decided to institute statistical process control to remedy the problem. Every hour, a random sample of 200 memory sticks is taken, and each is tested to deter mine

Nitu Gupta, (Nitu) an MBA aspirant, was initially caught in indecisiveness as to which B-School to join. B-Schools in India are categorized by Career Launcher, a leading education service provider in Asia, into eight clusters on the basis of assessment of seven parameters. Going by Career Launchers rankings, the best B-Schools that Nitus scorings

A gas in a pistoncylinder assembly undergoes an expansion process for which the relationship between pressure and volume is given by PV constant The initial pressure is 3 bar, the initial volume is 0.1 m3, and the final volume is 0.2 m3. Determine the work for the process, in kJ, if (a) n 1.5, (b) n 1.0, and (c) n 0.

A gas station has a gasoline pump. Cars that want to charge arrive according to a Poisson process at an average rate of 15 per hour. However, if the pump is in operation, potential customers can give up (go to another gas station). In particular, if there are n cars in it, the probability that a potential customer arriving will give up is n/3 for

The objective of this exercise is to introduce you to the use of topographic maps and Geographic Information Systems (GIS). Topographic maps can be used as basic aids to explore landscapes in an indoor setting. Many types of information can be taken off of a typical map sheet and this lab will explore some of those methods. You will be using a map

Which one the following statements is TRUE? The marginal tax rates for Australian resident individual taxpayers ensure that personal income tax is progressive. The Goods and Services Tax (GST) is a progressive tax. If there is a conflict between a provision in the ITAA97 and the Commissioners view, it is the Commissioners view that prevails.

In addition to the complaints received by the client, in relation to the mushroom sauce product, it has been identified that the weight is generating variations. As for what is defined by the engineering area, if the product exceeds the established weight, 113 + -10 grams, the product is sent to the customer, since the weight control is carried

Henry (an Australian resident for tax) is 16 years old, and he is the sole beneficiary of the Herald Trust (the Trust). Tania is the trustee of the Trust. In 2020/21, the net trust income of the Trust was $60,000 (this amount includes a net capital gain of $10,000 to which the trustee has applied the 50% CGT discount). Henry is presently entitled

QUESTION ONE The following information is a summary of financial yearend figures extracted from the transaction records of BJ HiFi Ltd on 30 June 2016 Administrative expenses 12 Inventories 214 Amortisation...... 1 Investments... 8 Cash on hand. 20 Loan....... 78 Contributed equity .30 Payables 198 Cost of sales. .1,234 Property, plant equipment

inerpret the result and Review the main sources of financing and uses of financing. Which are the main investments and the main sources of financing? To further analyze investment and financial decisions consider the following questions: Short-term horizon How do current assets match with current liabilities? Are you concerned that current assets

1. Prepare a flowchart for the following narrative. AbbottCalipari Disease Control (ACDC) is a maker of pest control products, their most popular item being the cracklin bug condominium. Salespeople make presentations at the customers place of business. Salespeople perform the create territory sales order COMPUTER process. The inputs into the

For each numbered item below, match the letter from the following list, which best describes the proper treatment of the item on the financial statements. A. Adjust the current and future financial statements to reflect the new information. Make no correction of past years information (e.g. Change in Accounting Estimate). B. Correct the financial

Use the following cumulative probability below (in cells A1 to B7 of an Excel worksheet) to answer the three questions below. The following function is entered to create a random demand function =VLOOKUP(RAND(),A1:B7,2) Be sure to label answers a, b and c. A B 1 Cumulative probability Demand 2 0.00 1000 3 0.15 1200 4 0.25 1300 5 0.45 1450 6 0.75

Each of parts below contain separate statements that you are required to answer separately. For each statement indicate whether it is TRUE or FALSE and briefly explain your reasons with reference to legislation, case law or rulings (as appropriate). 1. As confirmed in FCT v Western Suburbs Cinemas Ltd, the cost of replacing a subsidiary part of an

BSCI has another job for you at Acme Manufacturing Co., and Bob Sanders (your supervisor) has asked you to complete it. BSCI has been contracted by Acme Manufacturing Co. to collect measurements of various industrial storage facilities and certain aspects of its fire suppression system. After collecting field measurements and calculating values,

An elderly couple in their 70s, with failing health had their life savings on deposit but were approached by their banks investment advisor and advised that they would get a much better return if they took the money off deposit and invested it in an offshore fund instead. The couple invested 345,000 pounds in this fund. Two years later, the couple

(a) Describe the transition from Normative theory to Positive Accounting Theory. (b) Compare and contrast Agency Theory and Positive Accounting Theory (PAT). (c) Discuss the major criticisms of Positive Accounting Theory (PAT). Answer here Question 2 (a), (b) and (c): 2a. Question 3 (a) Explain the rationale for a conceptual framework for

Calculate The Monitoring and Controlling Budgeted Cost table up to 75% of the expected duration of the project.

Activit Activity Details y ID A B C D E F G H 1 J Install Siding Frame walls and roof Install Plumbing Install Gutters and downspouts Lay Flooring Install Electrical Install Wallboard Do interior Planning Install interior fixtures Do grading and Landscaping ES 0 0 0 2 3 3 4 8 8 17 LS ololo 2 5 5 5 8 12 17 t 2 3 4 6 3 5 7 9 5 1 Total Budgeted

Glenda Johnson was hired as a summer intern to conduct an activity-based costing study in the inventory control department of a medium-sized manufacturing company located in Brandon, Manitoba. As a starting point, she decided to interview James Goodwin, the manager of the department, regarding the activities that are carried out in the department.

Required Please do the following 1a. List the appropriate number of activity cost pools, all properly titled, as they pertain to the inventory control department. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty

Kailua Kamera Shop (KKS) has 2 locations on the island of Oahu, Hawaii. The warehouse is located in Waipahu, HI, an area north of the Honolulu airport. KKS prides themselves on offering quality photography products and knowledgeable sales staff. KKS sells to mostly to local professional photographers looking to purchase cameras, Lenses, filters,

The equity accounts of Marya SA on January 1, 2017, were as follows. Share CapitalPreference (9, 100 par, cumulative, 5,000 shares authorized) Share CapitalOrdinary (3 stated value, 300,000 shares authorized) Share PremiumPreference Share PremiumOrdinary Retained Earnings Treasury Shares Ordinary (5,000 shares) During 2017, the corporation had the

Determine the smallest safe diameter of the solid steel shaft in a rolling mill if the shear stress is not to exceed 0.04 GPa and the angle of twist is limited to 6 in length of 300 cm. The shaft transmits 20 kW of power at 2 Hz. Use G = 83,000 MPa.

From the following statements identify the advantages of financing through debentures and bonds 1. It reduces tax liability. II. It reduces Weighted Average Cost of Capital. II. It is a flexible source of finance

Apple would like to use Section 179 deprecation this tax year. They purchased $900,000 of depreciable assets that are eligible for Section 179. The company reported net income before Section 179 depreciation of $300,000. What is the maximum of Section 179 depreciation can Apple take?

Anita Kaur runs a courier service in downtown Seattle. She charges clients 0.62 per mile driven. Anita has determined that if she drives 2,450 miles in a month, her total operating cost is 725. If she drives 3,550 miles in a month, her total operating cost is 857. Required 1. Using the highlow method, determine Anitas variable and fixed operating

Mwamba Ltd. was established in the year 2020 to manufacture soap for the local market. Before commencement of operations on 1 July 2020, the company spent a total of Shs. 9,760,000 to construct a factory. This cost is analyzed as below Cost of land Land scaping Architects Fees Sewerage System Actual building cost Kshs 1,000,000 200,000 320,000