An Archive of Impeccable Accounting Answers : Page - 8

Ref style  :  APA

4/5 

Question 1. Inventories A New Zealand clothing store sells seasonal dresses. As the season draws near the close, the store sells the dresses at 10% below the cost because carrying the dresses costs the store in terms of storage space and funds tied up in the inventories. The balance date is 31 December 2019. Summer ends in February. At 31 December 2019, the store has 10,000 dresses. Based on its past experiences, it expects  to sell 20% of ...

Question 1Part A: Multiple-Choice (1 mark each for a .total of 20 marks) For each question, choose the correct answer by circling only one of the letters a, b, c, or d.   1. The Star Wars Industries has the following account balances: Retained earnings $75,000 Revenue $365,000 Operating Expenses $297,000 Interest Expense $17,500 On the corporate income statement w...

Car To ons Audio Inc. Car Toons Audio Inc. (CTAI) is a young company that recently completed its initial public offering. The company designs and develops leading-edge car stereo equipment. including MP4 compatible decks, speakers, amplifiers, and subwoofers. The company is investing heavily in research and development. In order to reduce strain on cash, the manage-ment team is compensated mostly through share-based compensation in the current ye...

Four friends – Moana, Avi, Chen and Robin have plans to start a business by combining their individual skills and resources, which will give them a better chance to be successful in their business endeavour.  They realise they will need increased funding for their business (Avi has plans to go global).    They have been advised to visit a Chartered Accountant for advice on how to move forward.   REQUIRED: Using th...

Leilani Tuati is the owner and manager of a wholesale business called Lani Trading which sells bar stools to hospitality venues throughout New Zealand.  Her business is expanding, and a friend has informed her that she needs to prepare a budget before she applies to the bank for a loan.   You offer to prepare a three-month budget for the last quarter of the year so that she will be able to prepare a budget for the whole of the follo...

Scenario:Great Family Theme Park Ltd. operates amusement parks similar to those such as Six Flags, Universal Studios, Disneyland etc.Great Family Theme Park's mission is to provide high quality family entertainment that exceed guests' expectations and will create lifelong memories. To achieve this goal, Great Family Theme Park strives to provide safe, clean, friendly family environments at reasonable prices. In addition to the amusement parks, th...

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...

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...

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...

Course Code   :  BUS285

Course Title   :  Accounting Financial Analysis Report

Ref style  :  APA

4/5 

Part 1Case Study – Rhy’s Fri Part 1 May 1, 20X1 Ronald Rhy is the head fry cook and bottle washer at a local chain restaurant. Although his choice of career hasn’t been the most financially rewarding he has always had a passion for providing great food to customers. His specialty dish is the triple fried Belgian style fries with his secret seasonings. Lately the tedium of his position is starting to wear on him and he finds ...

Question: Question 1 Geoff and Linda live in Glasgow. Both are teachers, with Geoff in full time and Linda in part-time paid employment. When they bought a flat together in June 2018 the mortgage broker talked them through repayment and interest-only mortgages. They decided to use their savings as a deposit and chose a repayment mortgage, which by June 2020 was standing at £100,000. The market value of their flat had increased by 10% ov...

Part 1: Ask the right questionsPart 1: Ask the right questions  Professionals with an analytics mindset need to develop a strong understanding of the economic and institutional factors that influence the data they are analyzing. They allow that understanding to guide their analysis and interpretation of the data. In this section of the case, we consider the economic, accounting and regulatory factors that could potentially influence bank...

Course Code   :  ACCT628

Course Title   :  Financial Reporting

Ref style  :  APA

4/5 

Overview of the Marco Appliances audit engagementTask: After working as a financial accountant for several years, you decide to apply for a position you learned about during a virtual career fair offered by UMGC’s Career Services. The most prestigious accounting firm in the District of Columbia, Levin, Lombard, & Wolod, LLC, were looking to hire several accountants and preferred UMGC graduates given the reputation of its graduate acco...

Analysis of Unadjusted Trial Balance at January 31, 2017Problem 3-7A Adjusting entries (monthly) Wedona Energy Consultants prepares adjusting entries monthly. Based on an analysis of the unadjusted trial balance at January 31, 2017, the following information was available for the preparation of the January 31, 2017, month-end adjusting entries: a. Equipment purchased on November 1 of this accounting period for $21,600 is estimated to have a usef...

Sales Budget for ColorfulFurniture1.The ColorfulFurniture Company manufactures modern wood frame lounge sofas. Currently the company makes only one size of three-seat sofas, which is 35 inches deep by 90 inches wide. The final product consists of a routed, sanded, assembled, and stained wood sofa. Direct materials include oak wood frames and pre-made cushions. Other materials, such as wood legs, screws, hinges, sand paper, stain, and packaging...