An Archive of Impeccable Accounting Answers : Page - 21

Solution and ResearchTask: PartsPlus operates an auto parts distributorship. InvestCorp owns 80 percent of the stock of a holding company (HC). HC owns 80 percent of the stock of ten subsidiaries, Sub 1 through Sub 10. Sub 1 through Sub 10 each separately operate a full service gas station. Pursuant to a plan of reorganization, PartsPlus merges into InvestCorp and the PartsPlus shareholders receive solely InvestCorp stock. As part of the plan ...

Preparing investment entry on Perch's booksPerch prepares consolidated financial statements under the fair value enterprise (FVE) theory (also known as “entity” theory).Required:? Prepare the entry on Perch’s books to record its investment in Salmon on December 30, year 2. ? Calculate the acquisition differential, goodwill and non-controlling interest (NCI) at acquisition date using the FVE (entity) theory.? Prepare the acquisi...

Overview of the InvestmentPill Ltd. has just purchased a $5,500,000 machine to produce big-screen TVs. The machine can be used for 10 years and is depreciated at a 20% CCA rate. For simplicity, we assume that no NWC is required. The machine can be sold for $100,000 in 10 years, andthere are other assets remaining in its asset class. The number of TVs that can be produced and sold per year is 2,500, and the sales price per TV is $1,800. Use the f...

As a consultant, you are to report to Rosetta Kilbourne, owner of Sugar and Spice Bakery your recommendations as to whether or not it would be financially feasible to close the bakery and focus on catering events full time. · Use appropriate analysis tools · Qualitative analysis for alternatives available · Establish which cash flows are relevant for this decision · Calculate ROI payback perio...

1. Reinforce what we took in class our cost behavior class 2. Help you improve your general excel skills as well as how to use the regression and the scatterplot functions in excel. You need to be comfortable and able at excel. 3. Provide you with guidance on how to structure a useful report that a reader will appreciate Johnson Company The general manager of Johnson Company was attempting to prepare a budget for fiscal year...

Question 1: Prepare journal entries, adjusted trial balance, multi-step income statement, and balance sheet for a local rock climbing companyToday’s date is February 25th. You are the owner of a local rock climbing company called “On Belay”. This is the business’ 10th year of operations. Last year’s financial performance was poor, to say the least. You are on track to do better in the current year. You got some h...

Course Code   :  BUSI4046

Course Title   :  final business plan

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Objectives · Identify the cash and resource needs of the new business. · Prepare cash flow, income, and balance sheet. Description Building on your organization design, you will begin to put numbers to the activities you have planned for your new business. In this assignment, you will create a financial plan based on your best knowledge of how your enterprise will start and operate for its initial period, usually a year. It is recognize...

Overview of Sony Pictures' Financial Losses and Write-DownsTask: In the current year, Sony Pictures sustained a loss of nearly $450 million, double the amount that Sony had planned. To date, Sony Pictures has had total net losses of nearly $1 billion. Early in the year, Sony declared that it had written down $2.7 billion in goodwill associated with the acquisition of Sony Pictures. Sony combined the results of Sony Music and Sony Pictures and r...

Divisional StructuresLakeshore Manufacturing (mining industry) is a vertically integrated company that mines, processes, and finishes various non-precious metals and minerals. Lakeshore has decentralized both on a geographical and on an operational basis. For example, Exploration and Development, which includes all mining operations, has been designated a strategic business unit (SBU). There are multiple divisions within this SBU, such as North ...

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Step 1: Identify a suitable topic for study and refine it further with your supervisorIdentify a suitable topic for study and refine it further with your supervisor.???Prepare a ‘literature review’ essay (once you have selected a topic), as an intermediate step, to develop a detailed understanding of what has been published so far on this topic in terms of concepts, theory, prior findings, data and methods of analysis used by researc...

Course Code   :  acc202

Course Title   :  financial and managerial accounting

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Transactions undertaken by Ace Company during AprilParts(a) and (b) are independent of each other.(a)Ace Company has the following transactions in the month of April.1 AprilPeter invests $100,000 cash and an office equipment valued at $20,000 in the company.2 AprilThe company purchased $800 of office supplies on credit.15 AprilThe company completed $5,000 of services for a client, who must pay within 30 days.28 AprilThe company received a utilit...

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What are Payment Apps?Payment apps allow you to make payments using your phone. These apps can make paying at the store easier by allowing you to link your credit cards or bank accounts to the app. Then, you can make payments directly from the app without having your credit card, debit card or checks present. Depending on the app you download and your phone, you may be able to pay by tapping your phone at a point of sale rather than swiping a cr...

Course Code   :  LB5212

Course Title   :  accounting and finance for managers

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Decker Corporation Limited, a leading manufacturer of power tools, sells a “multi tool” power tool with several adapters for $450 per unit.  During the year ending 30 June 2017, Decker Corporation sold 100,000 units of this “multi tool” power tool. Decker Corporation has information based on product testing and historical experience that identifies 1% of the power tools may require warranty service costing an aver...

Income Statement for the Past 3 Yearslgoma University – CESD 2996 Assignment #1 Due: February 8, 2021 *Please submit the assignment electronically to the folder location on the course site by the due date. Include your name and student number on the submission. The assignment #1 is based on the course information from week 1 and 2. The First Nation Band operates an industrial park, an area of land developed as a site for factor...

InstructionsDESCRIPTION The aim of this assessment is to collaboratively analyse a publically listed Company and generate a business report (1500 word) that recommends and justifies an appropriate weighted average cost of capital (WACC, Topic 7). Instructions 1. This is an individual assignment. 2. Select and analyse a publicly listed company on either the Australia Stock Exchange or the Singapore Stock Exchange. 3. Prepare an individual a...