An Archive of Impeccable Accounting Answers : Page - 35

Transactions and EventsDon Company experienced the following transactions and events during December 2019. The company uses allowance method to account for uncollectible receivables. (1) On 1 December, the company paid $4,800 for a 2-year fire insurance coverage which commenced immediately. (2) On 1 December, the company took a bank loan of $300,000. The interest is 4% per annum payable annually.(3) On 10 December, the company wrote off $10,000 ...

Calculating the Net Present Value of ADW Co's Planned PurchaseADW Co is a listed company which plans to meet increased demand for its products by buying new machinery costing £5 million.  The machinery would last for four years, at the end of which it would be replaced. The scrap value of the machinery is expected to be 5% of the initial cost. Capital allowances would be available on the cost of the machinery on a 25% reducing balance...

Focus Drilling Supplies has been growing steadily over the last 20 years. With increased exploration in the mining sector, the company has decided to expand their facilities for supplies and custom drill bit production to meet the increased demand.  The expansion will occur over 4 years and is expected to require $2.8 million.  Management has developed a payment plan for carrying out this expansion. The plan requires a cash input o...

Relationship of Assignment to Learning OutcomesTask: Relationship of Assignment to Learning Outcomes (Refer Course Guide). L.O. 2. Demonstrate knowledge of generally accepted accounting practices.Although these are projected statements, they are prepared on the same basis as historical statements. Some of the transactions will help you understand the impact of accounting policies such as depreciation and accrual accounting with the latter espec...

Part 1: Financial Analysis of Unilever Plc's Group Financial StatementsYou are required to produce an individual report based on your own independent work.Part 1 You are required to produce a financial analysis of Unilever plc group financial statements. For both the years 2015 and 2016. This analysis should assess the absolute level of and changes in profitability and financial gearing of the group. Comparisons to relevant peer companies and t...

Question 1Question: 1 Ethical behaviour is the catalyst to keeps the economy running.  Without ethics, there is no efficiency of operation in the economy.  Therefore, for the good of everyone, including profit-making companies, it is vitally important that business be conducted within an ethical framework that builds and sustains trust. The following is the situation you need to analyze:As a human resources department executive in a p...

Course Code   :  BDA1344

Course Title   :  Cost Accounting

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1.0   Define what is management accounting and explain the differences between Management accounting and financial accounting. 2.0   Define and explain what is a Break Even Point using a graph.            3.0 Giant Ltd specializes in manufacturing different models of mountain bikes. Assume that a new model, the Jaguar, has been well accepted. As a result, the entity has established a separate...

Course Code   :  ACCTG101

Course Title   :  Accounting Statement Analysis

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Horizontal Analysis of Income and ExpensesUsing the information in the five year report please complete the following (templates are provided in answer booklet);(a) From the income statements on page 71,(i) Prepare a horizontal analysis of income and expenses that make up EBITDAFI for 2015, 2016, 2017 and 2018 using 2015 as the base year. Express the horizontal analysis in percentage and report your answers to one decimal place. Provide some sho...

Business OverviewTony has been working for years in a large construction company performing diverse tasks, but lately has been specializing in plumbing. Being good at it with up to date certifications in the profession and having a large network of friends thanks to his involvement in the baseball landscape of the region, he is experiencing and increase demand for his services to perform small jobs on top of his activities as employee. After som...

General requirementsGeneral requirementsYou must complete both Parts A and B of this individual assessment. Part A is to be completed in the format of a business report, where you are required to address all questions below. Part A of the assessment provides you with word limits for each questions to guide your answer attempt. Please note the word limit is a guide only and should provide you with an idea concerning the scope, depth and detail ...

Marginal Costing vs. Absorption CostingA.Critically investigate the benefits and limitations of marginal costing compared to absorption costing as an aid to management decision making by considering the following areas: a) Demonstrate and discuss the underlying differences between the marginal costing and absorption costing approach? b) What has been the basis of theoretical criticism of both approaches? c) Outline the practical problems th...

Question 1Question 1 The following information was obtained from Geneveraux Corporation records on December 31, 2017. Geneveraux uses dividends accounts to record dividend declarations and income summary accounts. Preferred Shares, $2 cumulative*, 25,000 shares authorized, 22,000 shares issued and outstanding $738,000Common Shares, unlimited authorization, 60,000 shares issued and outstanding $900,000 Retained Earnings $560,000 *2016 and 201...

Course Code   :  UGB253

Course Title   :  management accounting for business

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Questions 1. Critically investigate the benefits and limitations of marginal costing compared to absorption costing as an aid to management decision making by considering the following areas: a) Demonstrate and discuss the underlying differences between the marginal costing and absorption costing approach? b) What has been the basis of theoretical criticism of both approaches? c) Outline the practical problems that may be encountered in imple...

Part 1Module Learning Outcomes (from module syllabus) 1.Research, apply and evaluate a variety of financial assessment techniques for application to a case study. 2.Research, evaluate and critically discuss various issues and theoretical frameworks used in the management and control of financial resources. Analyse, interpret and critically assess the financial position of a business, incorporating conclusions/recommendations and advice to man...

Why FBGL Paid More Than the Bond Face ValueOn 1 January 2018 FBGL acquired some corporate bonds issued by Corporate Services Limited. These bonds had a ‘face value’ of $1 million and offered a coupon rate of interest of 10 per cent paid annually ($100,000 per year paid in arrears on 1 January). The principal of $1 million will be repaid on 1 January 2022. At the time, the market only required a rate of return of 8 per cent.  Ass...