An Archive of Impeccable Accounting Answers : Page - 30

Question 1 Parts (a) and (b) are independent of each other. (a) Ace Company has the following transactions in the month of April. 1 April Peter invests $100,000 cash and an office equipment valued at $20,000 in the company. 2 April The company purchased $800 of office supplies on credit. 15 April The company completed $5,000 of services for a client, who must pay within 30 days. 28 April The company received a utility bill amounting $500. 30...

Question: Instructions to Candidates: · This paper contains EIGHT questions, the allocation of marks is indicated for each question. · The use of non-programmable calculators is permitted · Candidates should ensure that all workings are shown clearl This is an individual assessment – When you submit the assessment you declare that you: · Have read and understand that university’s guidance on plagia...

What is a Bill of Exchange?Bills of Exchange A bill of exchange is an unconditional order issued by an individual or business directing the recipient to pay a certain sum of money to a third party at a future date. This future date could be fixed or negotiable. A bill of exchange must be written, signed and dated. It‘s also known as a draft. Parties to a Bill of Exchange  The Drawer: the person giving the order to pay. This is th...

Course Code   :  ACC 650

Course Title   :  managerial accounting

Ref style  :  APA

5/5 

Traceable Costs and Overhead for JLR EnterprisesTask: JLR Enterprises provides consulting services throughout California and uses a job-order costing system to accumulate the cost of client projects. Traceable costs are charged directly to individual clients; in contrast, other costs incurred by JLR, but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. Clients are billed for directl...

Question 1Answer three questions from this section 1. Specialist Designs Ltd has received an order from Elite Machines to produce 8,000 units of Xlesia, a newly designed component, to be delivered in eight weekly batches of 1,000 units for 8 weeks. Each batch involves direct labour working on machines for 80% of the time and 20% of the time without machines. The estimates for each batch are:  Materials Metal - 300 metres @ £5 per...

Question 11. If a check correctly written and paid by the bank for $645 is incorrectly recorded on the company's books for $654, the appropriate treatment on the bank reconciliation would be to add $9 to the book's balance. subtract $9 from the book's balance. deduct $9 from the bank's balance. deduct $645 from the book's balance. 2. A check written by the company for $109 is incorrectly recorded by a company as $190. On the bank reconcil...

Importance of the Ball and Brown 1968 study for the accounting profession1. Explain the importance of the Ball and Brown 1968 study for the accounting profession. Include in your answer a description of post earnings announcement drift and what this implies about accounting.   This article was covered in the book 2.Explain what is meant by the semi-strong efficient market, vs. weak and strong form market efficiency.  Give an ex...

Analysis of Visitor Traffic DataThe Drone Experts Richard Morris has recently opened an online store named The Drone Experts. He sells a very popular model of drone called the ‘Rocket Drone’. In an effort to widen his market, Richard has built a small website hosted by a web service provider. At the end of every week, the web service provider sends a data file to Richard that contains data about visitor traffic at his website. Ric...

Question 1 1.If equity is $338,000 and liabilities are $188,000, then assets equal: $150,000. $188,000. $338,000. $526,000. $864,000. 2:If assets are $320,000 and liabilities are $193,000, then equity equals: Multiple Choice $127,000. $193,000. $320,000. $513,000. $833,000. 3.The assets of a company total $734,000; the liabilities, $217,000. What is the amount of equity? $951,000. $734,000. $517,000. $217,000. It is impossible ...

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 signif...

Project RequirementsThe second assignment is to create a valuation model for Alimentation Couche Tard with a 12-month target for the price of the Class B shares. The project deliverable is a fully documented valuation model, including a DCF valuation and comparables analysis. Develop your narrative for this company. (Give me your story of how you see your company evolving over time, given what you know about it, its market and the competition) T...

Create two folders: one for data and one for backup1. Create 2 folders on your USB key—one folder for the data file and one for your backup file. Thecompany name is White Ridge Construction. 2. Download the Assignment data file named WhiteRidgeConstruction-Assgnt1.QBW from FOL,saving the file in the correct folder. 3. Start QuickBooks and open the company file WhiteRidgeConstruction-Assgnt1.QBW. 4. Personalize your copy of the assign...

Chart of AccountsCheck and use the Chart of Accounts provided (do not create new accounts). Prepare the General Journal for the month (all journal entries including AJE). Prepare Closing Entries for the month of May to continue with business in the month of June as the next period. Post all transactions to the T-accounts and prepare a trial balance. Show a detailed balance of each of these accounts for the first month of operations (end of Month...

Corporate Social Responsibility ReportingThe individual assignment Select one of the areas below:  • Evaluate the current state of Corporate Social Responsibility Reporting. • Evaluate the extent to which recent changes to audit regulation has improved the quality of financial reports. • Evaluate the usefulness of narrative reporting. • Evaluate the usefulness of financial statements for decision makers. The Post...

Project GuidelinesThe CAFR project will be due on the day of the Final Exam.  It must be turned in at the beginning of class.  There will be no emailed or late projects accepted. A zero will be given.  The project should be no less than 10 pages and doubled space.  Please use Times New Roman with the font of 12, and double-spaced.   The project must be typed and there will be no reports accepted in writing.  ...