An Archive of Impeccable Accounting Answers : Page - 22

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...

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In a group of 4 to 5 students (no more than 5), each group will conduct a review ofrelevant accounting research literature on a specific topic chosen by the group. Thegroup research report is due at the beginning of the last class and it should not exceed20 pages in double space, excluding the cover page and list of references.The final research report should include the following: a) A clear description about the research topic and the ke...

Analysis of Investment Proposals using NPV and IRRCase Study 2 – Budgeting Ahead On Jan 1, 2020, Siemax is attempting to budget cash flows through Mar 31, 2020. On this latter date, an unsecured note will be payable in the amount of $15 million, at 3.4% per annum. This amount was borrowed on Sep 30, 2019 to carry the company through the seasonal peak in Oct through Dec 2019. Cash Interest payment are settled monthly. A cash dividend of $...

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Your presentation and consultants report to the management team of the Moa Orthopaedic Clinic, covering the following: a) Based on last year?s actual activity levels (2,800 treatments, 3,400 care hours, 7,750 requests and 5,500 monitoring checks) demonstrate how the traditional ABC system would determine the ONS resources used by orthopaedic patients and the cost of any identified spare capacity. b) Using TDABC principles, compute the „cost...

Four key areas of accounting for property, plant and equipmentPart AThere are essentially four key areas when accounting for property, plant and equipment:(i)initial recognition(ii)depreciation(iii)revaluation(iv)derecognition (disposals).The basic principle of MFR 116, Property, Plant and Equipment (PPE)is that items of property, plant and equipment that qualify for recognition should initially be measured at cost.One of the easiest ways to rem...

Background InformationYou are required to: Calculate Sharon’s total income tax liability for the tax year 2020/21 and state when the tax is due. You should provide all the required explanations and use zero for income/benefit that is not used. Assume that the official interest rate is 3%. Question 2 – background information Sarah and Alison are sisters. Although they have the same amount of income, Sarah is an employee and Aliso...