An Archive of Impeccable Accounting Answers : Page - 25

Part A Practical Problem SolvingCase Scenario Antara Ltd operates in the construction industry and do not prepare consolidated financial statements. Laura Jones is the senior accountant of the company, leading the financial reporting team. As a result of being profitable for the last five years, on 1 July 2018, Antara Ltd acquired 25% of the issued ordinary shares of Blanca Ltd paying $198 000 in cash. This provided Antara Ltd with the signi...

Background of the AssignmentThe accountant of Sparks has fallen ill and cannot be contacted. Before leaving, the accountant had completed both a trial balance at 31 August 2020 and the records for the last month of the business year ending 30 September 2020 and left these for the owner, together with annual reports for the year. These records and reports are shown below (after recommended reading list.) The owner does not understand the mater...

Instructions: Solve the case study on excel and forward me your final excel sheet for marking. Where ever possible use formulas and link your spreadsheets. You can use independent sheets on excel for each requirement and then link the sheets where it is possible.   You can solve this case study independently or in groups. If you decide to solve it in groups please forward me the information about your group (student names & IDs...

Course Code   :  ACCT 310

Course Title   :  Cost Accounting

Ref style  :  APA

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TaskTask: Project Descriptions As an analyst for a large U.S. multinational corporation you are assigned to examine a possible acquisition candidate, completing an initial search and review. Your supervisor is a member of the Controller’s team. The controller reports directly to the Chief Financial Officer (CFO). Your work may be presented to a variety of audiences so professionalism is exceptionally important in all deliverables you crea...

Question 1 (10 Marks)QUESTION 1 (10 MARKS) Imagine that you are trying to evaluate the economics of purchasing a condominium to live in during college rather than renting an apartment. If you buy the?condo, during each of the next 4 years you will have to pay property taxes and maintenance expenditures of about $6,000 per?year, but you will avoid paying rent of $10,000 per year. When you graduate 4 years from?now, you expect...

Learning outcomesLearning outcomes: 1)Describe, explain and critically evaluate the role of strategic management accounting in organisations by understanding major developments in management accounting practice and research. 2)Apply relevant costing techniques for forecasting cash flows to support long-term decisions 3)Identify, analyse and critically evaluate key issues in management control and decision-making, including project risk ass...

Part D  1) Teena Spagetti buys and sells shoes in bulk lots. Her business trading name is Footsies Co. Teena is in her first year of business, so is not yet registered for GST, and uses a perpetual inventory accounting system. Assume transactions are on credit, unless stated as ‘paid’ or for ‘cash’. Teena’s transactions for November 20X1 were as follows:   $   ? Teen...

XYZ Ltd is a New Zealand company that distributes pharmaceutical products through multiple channels.  It buys a variety of over-the-counter drugs from pharmaceutical companies and resells them through supermarket chains, drug store chains, and independent chemists. With the recent announcement that the Chemist Warehouse will be entering the marketplace XYZ Ltd is anticipating changes in the profitability of its market segments. Industry ...

Background:You are required to execute previous unit activities related to the accounting cycle for this company, Go Go Burger and incorporate new material up to the end of unit 6.   Background: Rip Torn is the owner of Go Go Burger.  The company had the following account balances at December 31, 2019 (assume all account balances are normal; i.e. all assets are debit, liabilities are credit, capital is credit):   Cash $80,0...

Objectives This assignment is subject to the Late Submission penalty policy, namely 5% per day for three days. This page will close and will not allow further submissions after this Late Submission period has expired. In the event of an emergency preventing you from submitting within this time, special permission must be obtained from your instructor. Documentation substantiating emergency is required. In such a circumstance, if the extensi...

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Purchase of Bank AccountAnalyze separately each of the following financial transactions for GD Realty. In each situation, describe the debit portion of the entry before the credit portion. Note that transaction “a” is done for you as an example.a)On March 1, Ginger Denton organized GD Realty by opening a bank account in the company name with a deposit of $100,000 cashb)On March10, the new business purchased an office building in an i...

Tax Policy GSTThe Tax Working Group outlined the following seven criteria for assessing tax policy in their 2019 report: Equity and Fairness, Efficiency, Certainty and Predictability, Compliance and Administration, Revenue Integrity, Fiscal Adequacy, and Coherence.  Required:  Use the criteria of: (1) Equity and fairness AND (2) Efficiency AND (3) Fiscal Adequacy AND (4) Revenue Integrity AND (5) ONE other (of your choosing) ...

QUESTION ONE   1) Cost = $ 2,000,000 (1,850,000+50,000+60,000+40,000)   2)  DR  Machine 2 mil CR  Cash 2 mil     QUESTION TWO 1) Recoverable amount is the remaining future economic benefit. Calculated as the higher between net selling price and value in use. 2) Recoverable amount is $400,000 3) Impairment loss of $600,000 has to be recorded as 4) DR Impairment loss 600,00...

Question 1Q1. Costco carries an average inventory of $1500000. Its annual sales are $8million and its gross profit margin is 25%. The receivable conversion period is twice as long as its inventory conversion period. Costco trade terms with its suppliers is net 120 and it always pays on time. Costco’s new CFO wants to improve the cash conversion cycle by 50 days. Based on a 365-day year. His first strategy is to reduce the amount of invento...

Course Code   :  CE7013

Course Title   :  estimating tendering and procurement

Ref style  :  Harvard

4/5 

Learning OutcomesThis assignment is designed to test the following learning outcomes, which are derived from your module descriptor: · Understand the role of the client in the procurement process · Recommend the appropriate forms of procurement strategy for different types of projects · Critically analyse in the tendering and estimating process from both client and contractor perspectives and the importance of using t...