7. For ASQ Company, Classify Each Of The Following Items As Operating (OP), Investing

7. For ASQ Company, classify each of the following items as Operating (OP), Investing (INV), or Financing (FIN) and clearly specify whether it is an inflow (IF) or outflow (OF) of cash. If the transaction is NOT a cash transaction, state “No Cash (NC).” Solution to the first transaction is provided as an example: a. Paid $40,000 in salaries. Solution: OP; OF b. Received $200,000 from a customer. c. Borrowed $500,000 from a bank. d. Paid $80,000 in dividends to stockholders. e. Paid $9,000 in interest for money borrowed from a bank. f. Purchased a building for $1 million g. Sold inventory on credit $300,000 h. Paid $230,000 in salaries to employees i. Bought shares of DRT Co. for $500,000 j. Made a loan of $340,000 to JKU Co. k. Paid $350,000 to a supplier for goods to be delivered next fiscal year l. Received $20,000 in dividends from DRT Co. m. Sold a machine for $30,000 n. Received $3,400 in interest payment from JKU Co. o. Paid income taxes of $65,000 8. Use the information in (8) above, and neatly prepare a cash flow statement.

The Accounts And Balances For Paw Prints Pet Sitters On November 1 Are Provided

the accounts and balances for paw prints pet sitters on november 1 are provided below post the above transactions into the appropriate t accounts

SSHA Holdings Pty Ltd Owns Two Business Units; Rotor Electrics In Nauru And Green

SSHA Holdings Pty Ltd owns two business units; Rotor Electrics in Nauru and Green Acres in Australia. Each business unit is treated as a profit centre by SSHA Holdings. Rotor Electrics manufactures electric motors in Nauru, which it sells in the International market for AUS$240 per unit. Green Acres Ltd. makes ride-on mowers using electric motors similar to those manufactured by Rotor Electrics Ltd. Currently, Green Acres buys these similar electric motors from an Australian supplier (external supplier that is not part of the SSHA Holdings group) for $240. Both companies pay 10% sales commission only when they sell their products to external customers. The unit selling prices and relevant costs are given below. Rotor Electrics Amounts per motor Green Acres Amounts per ride-on mower Selling Price per unit $240 $2100 Production Cost per unit $135 $1300 (including the electric motor) Selling Expenses (10% sales commission) $24 $210 Requirements 1. Calculate the profits made by (1) Rotor Electrics business unit (per motor), (2) Green Acres business unit (per mower), and (3) SSHA Holdings Ltd (as a whole group), when Rotor Electrics sells to external customers and Green Acres buys from an external supplier 4 marks 2. SSHA Holdings management decides that Rotor Electrics must sell its electric motors to Green Acres. The managing director is aware of the 20% tax rate in Nauru compared to Australia’s 30% tax rate and decides to set a transfer price that will minimise SSHA Holdings overall income tax. To achieve this tax minimisation goal, the managing director sets a transfer selling price of AUS$400 per motor for Rotor Electrics to sell to Green Acres. Using this new transfer selling price for Rotor Electrics, calculate the profits made by (1) Rotor Electrics business unit (per motor), (2) Green Acres business unit (per mower), and (3) SSHA Holdings Ltd (as a whole group). 6 marks 3. The managing director (MD) cannot see why the current performance measures (Profit and Return on Investment) for each manager should be changed (the managing director does not consider whether the new arrangement will affect bonuses or future promotion prospects for the managers of each company). Using your answers to requirement 1 and 2 above, explain to the MD whether the Rotor Electrics manager and the Green Acres manager would both support the decision to transfer the electric motors from Rotor Electrics to Green Acres at AU$400. Describe (using your calculations) the impact of the new transfer selling price on the performance measures for both managers if the existing performance measures are retained, and possible managerial behaviours. 4 marks

What Is The Change (increase Or Decrease) In Cash Balance For A Firm With:

What is the change (increase or decrease) in cash balance for a firm with: $235,000 net income; $47,000 depreciation expense; increase in receivables of $8,750; decrease in inventory of $14,600; increase in accounts payable by $10,250; $52,000 cash used to purchase new equipment; $27,500 of old equipment sold; a reduction in the principle amount of debt by $35,000; and $62,000 in cash dividends. Consider conditions one-by-one.

A) What Is The Difference Between Current Assets And Current Liabilities? B) What Is

a) what is the difference between current assets and current liabilities? b) what is the total of assets? c) what is the operating income? d) calculate the net income or loss? e) If $64,000 are paid in dividends on a year, what is the initial balance of retain earnings?

Discussion Topic: Trading Property Ace Corporation Has Located A Building That It Would Like

Discussion Topic: Trading Property Ace Corporation has located a building that it would like to acquire for its office complex. Ace Corporation has contacted the owner of the property about making a trade for Ace’s existing property. The owner of the property is only willing to sell for cash, as he will have little gain on the sale and has no use for the Ace property. Ace Corporation, on the other hand, has an extremely low basis in its property and is unwilling to sell it in order to purchase the new property. Discuss if there is any way Ace and the owner of the other property can accomplish their goals. Do you think Congress had this intent in mind when they created these tax provisions? Do you think this “smells” of tax avoidance/deferral? Provide specific details to support your opinions in your response.

Beverly And Ken Hair Have Been Married For 3 Years. Both Taxpayers Are Under

Beverly and Ken Hair have been married for 3 years. Both taxpayers are under age 65. Beverly works as an accountant at Cypress Corporation. Ken is a full-time student at Southwest Missouri State University (SMSU) and also works part-time during the summer at Cypress Corp. Ken’s birthdate is January 12, 1992 and Beverly’s birthdate is November 4, 1994. Beverly and Ken each received a W-2 form from Cypress Corporation. The Hairs have interest income of $1,000 on City of St. Louis bonds. Beverly and Ken also received a Form 1099-INT from Boatman’s Bank and a 1099-DIV form from green Corporation. Ken is an excellent student at SMSU. He was given a $1,750 scholarship by the university to help pay educational expenses. The scholarship funds were used by Ken for tuition and books. Last year, Beverly was laid off from her former job and was unemployed during January 2018. She was paid $1,825 of unemployment compensation until she started work with her current employer, Cypress Corporation. Ken has a 4-year-old son, Robert R. Hair, from a prior marriage that ended in divorce in 2013. During 2018, he paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Ken’s ex-wife. During 2018, Ken’s aunt died. The aunt, in her will, left Ken $15,000 in cash. Ken deposited this money in the Boatman’s Bank savings account. Required: Complete the Hair’s Form 1040, Schedule 1, and the Qualified Dividends and Capital Gain Tax Worksheet. The Hair’s had health cover for the entire year. They do not want to make any contribution to the presidential election campaign. Make any other realistic assumptions about any missing data. If an amount box does not require an entry or if an amount is zero, enter “0”. Enter amounts as positive numbers. If required, round amounts to the nearest dollar.

.  Ratio Analysis: Compare The Two Companies Based On Their Ratios. Use The

.  Ratio Analysis: Compare the two companies based on their ratios. Use the last column in the template to write in detail how each company is doing based on the ratios. Compare the company ratios to the industry and each other.  Summary: This short write-up should be done directly in your Excel spreadsheet. o What is a ratio analysis? Briefly explain in about one paragraph. Please quote your resource. o Referring to the ratio analysis, in which company would you be willing to invest and why? RATIO ANALYSIS Note: Please change the column names based on your industry and your selected companies. I HAVE GIVEN THE FIGURES ALL I NEED YOU TO DO IS ANALYSIS EACH LINE FROM 1 TO 26 THEN ANSWER QUESTION 27 RATIOS ANALYSIS Profitability Ratios (%) E. commerce Amazon EBay 1)Gross Margin 43% 41.27% 77.37% 2)EBITD Margin 0 28.79% 31.48% 3)Operating Margin 9.41% 5.96% 22.17% 4)Pretax Margin 22.33% 5.57% 24.38% 5) Effective Tax Rate 21% 0% 6.99% Financial Strength    E. commerce Amazon EBay 6) Quick Ratio 0.83 0.84 0 7) Current Ratio 1.62 1.1 1.31 8) LT Debt to Equity 53.80% 72.90% 176.40% 9) Total Debt to Equity 56.46% 73.98% 226.64% 10) Interest Coverage 20.75 8.95 0 Valuation Ratios     E. commerce Amazon EBay 11) P/E Ratio 201.01 75.3 19.17 12) Price to Sales (P/S) 5.56 3.52 3.09 13) Price to Book (P/B 16.63 16.69 8.21 14) Price to Tangible Book 24.37 73.98% 226.64% 15) Price to Cash Flow 55.66 51.27 16.73 16) Price to Free Cash Flow 59.19 40.14 15.18 Management Effectiveness (%) E. commerce Amazon EBay 17) Return On Assets 7.16% 7.34% 8.61% 18) Return On Investment 9.71% 11.66% 10.41% 19) Return On Equity 15.72% 21.12% 34.55% Dividends     20) Dividend Yield 17.20% 0 1.39% 21) Payout Ratio 0.02% 0 12.60% Efficiency   22) Revenue/Employee 475.72K 389.29K 775.43K 23)Net Income/Employee 83.17K 18.45K 138.86K 24) Receivable Turnover 23.22 17.42 14.08 25) Inventory Turnover 9.12 8.86 0 26) Asset Turnover 1.49 1.55 0.48 27) Referring to your ratio analysis above, in which company would you be willing to invest, and why?   As my analysis

Your Folks Just Called And Would Like Some Advice From You. An Insurance Agent

Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for ​$26 comma 507.8126,507.81 that will pay them ​$4 comma 0004,000 per year for 2020 years. They​ don’t have the slightest idea what return they would be making on their investment of ​$26 comma 507.8126,507.81. What rate of return would they be​ earning?

Outjo Leather (Pty) Ltd Is A Registered Manufacturer And Supplier Of Various Leather Products

Outjo Leather (Pty) Ltd is a registered manufacturer and supplier of various leather products such as shoes, hand bags, belts, etc. Outjo Leather was incorporated in 2013 by a group of four graduates who opted to venture into entrepreneurship after failing to secure employment. The company has since grown considerably and employs more than 50 workers. Outjo Leather’s financial year-end is 30 June 2018 which is also the approved year of assessment. The following transactions took place: 1. During the current year, Outjo Leather made sales of N$5,400,000 and total purchases of N$2,100,000. The closing stock amounted to N$150,000 and the opening stock amounted to N$200,000. 2. Outjo Leather owns two properties located in Outjo. The first property is used for the purpose of manufacture and was constructed in 2015 for N$2,200,000. The second property was constructed and brought into use in the current year for N$1,500,000 and is used as the head office for all administration functions. 3. Outjo Leather concluded a foreign loan with ‘America Bank’ in order to finance the construction of the manufacturing plant. The initial loan value was US$200,000 obtained on 01 July 2014, at which time the spot rate was N$12/US$. The loan was repaid on 30 June 2018 at which date the spot rate was N$ 14/US$. 4. To improve efficiency and productivity, Outjo leather acquired the latest and advanced machinery on 1 March 2018 for N$900,000 to replace its old machinery. The old machinery was initially acquired in 2013 for N$600,000 and was sold for N$150,000. 5. Outjo Leather raised a provision for bad debts of N$90,000 for the 2018 year of assessment. The provision for bad debt in 2017 year of assessment amounted to N$70,000. N$55,000 of the debtor went bad in the current year of assessment. 6. One of the founding directors resigned on 1 February 2018 and was paid N$300,000 in respect of a restraint on trade agreement applicable for a period of 3 Years. On the same date, Outjo Leather took out a ‘Key-man Policy’ insurance on the remaining three founding directors for a total monthly premium of N$3,000. 7. Outjo Leather donated N$20,000 to Outjo Orphanage, a registered welfare organization. 8. Other operating expenditure incurred in the production of income amounted to N$1,350,000. Calculate the taxable income and tax liability of Outjo Leather (Pty) for the 2018 year of assessment.

The Following Information Relates To The Income And Expenditure Of Ms. Nyathi For The

The following information relates to the income and expenditure of Ms. Nyathi for the 2018 year of assessment. Income: N$ Salary 180,000 Dividends from companies 18,000 Dividends from paid up shares in a building society 30,000 Interest from a local bank (FNB) 2,000 Interest from a foreign bank (Angola) 5,000 Alimony 36,000 Rent income 24,000 Expenses: Pension contribution 35, 000 Education policy premiums 7, 000 Insurance (1) 4, 000 Repairs (2) 10, 000 Additional information: 5. The insurance premium paid relates to the rental property. 6. N$7,000 was for repairs to her private residence and N$3,000 for repairs to the rental property Required: calculate Ms. Nyathi’s taxable income for the 2018 year of assessment. the country where mr Nyathi lives is Namibia

Navidale, A Listed Engineering Company, Manufactures Large Scale Plant And Machinery For Industrial Companies.

Navidale, a listed engineering company, manufactures large scale plant and machinery for industrial companies. Until ten years ago, Navidale Limited purshed a strategy of organic growth. Since then, it has followed an aggressive policy of acquiring smaller engineering companies, which it feels have developed new technologies and methods, which could be used in its manufacturing process. However, it is estimated that only between 30% and 40% of the acquisitions made in the last ten years have successfully increased the company’s shareholder value. Navidale Limited is currently considering acquiring Lochinvar, an unlisted company, which has three departments. Department A manufactures machinery for industrial companies, Department B produces electrical goods for the retail market, and the smaller Department C operates in the construction industry. Upon acquisition, Department A will become part of Navidale, as it contains the new technololgies which Navidale is seeking, but Departments B and C will be unbundled, whith the assets attached to Department C sold and Department B being spun off into a new company called Ndege Co. Given below extracts of financial information for the two companies for the year ended 30 April 2014. Navidale Co   Lochinvar Co R Million R Million Sales revenue: R790-2 R124.6 Profit before depreciation, interest and tax (PBDIT) R244.4    R37.4 million; Interest R 13.8 R 4.3 Depreciation R 72.4 R 10.1 Pre tax profit R 158.2 R23.0 Non-current assets R723.9 R98.2 Current assets R142.6 R46.5 7% unsecured bond – R40.0 Other non-current and current liabilities R212.4 R20.2 Share capital (50c/share) R190.0 R20.0 Reserves R464.1 R64.5 Share of current and non-current assets and profit for Navidale Co’s three departments: Department A Department B Department C Share of current and non-current assets 40% 40% 20% Share of PBDIT and pre-tax profit 50% 40% 10% Other information (i) It is estimated that for Department C, the realisable value of its non-current assets is 100% of their book value, but its current assets’ realisable value is only 90% of their book value. The costs related to closing Department C are estimated to be R3 million. (ii) The funds raised from the disposal of Department C will be used to pay off Lonchivar Co’s other non-current and current liabilities. (iii)The 7% unsecured bond will be taken over by Ndege Co. It can be assumed that the current market value of the bond is equal to its book value. (iv) At present, around 10% of the Department B’s PBDIT come from sales made to Department C. (v) Ndege Co’s cost of capital is estimated to be at 10%. It is estimated that in the first year of operation Ndege Co’s free cash flows to firm will grow by 20% and then by 5-2% annually thereafter. (vi) The tax rate applicable to all the companies is 20%, and Ndege Co can claim 10% tax allowable depreciation on its non-current assets. It can be assumed that the amount of tax allowable depreciation is the same as the investment needed to maintain Ndege Co’s operations. (vii) Navidale Co’s current share price is R3 per share and it is estimated that Lochinvar Co’s price-to-earnings (PE) ratio is 25% higher than Navidale Co’s PE ratio. After the acquisition, when Department A becomes part of Navidale Co, it is estimated that Navidale Co’s PE ratio will increase by 15%. (viii) It is estimated that the combined company’s annual after-tax earnings will increase by R7 million due to the synergy benefits resulting from combining Navidale Co and Department A. Required: 4.1 Discuss the possible reasons why Navidale Co may have switched its strategy of organic growth to one of growing by acquiring companies.(4) 4.2 Discuss the possible actions Navidale Co could take to reduce the risk that the acquisition of Lochinvar Co fails to increase shareholder value (7) 4.3 Estimate, showing all relevant calculations, the maximum premium Navidale Co could pay to acquire Lonchivar Co, explaining the approach taken and any assumptions made. (14)

. Describe The Two Distinct Obligations Incurred By A Corporation When Issuing Bonds?

. Describe the two distinct obligations incurred by a corporation when issuing bonds?

The Dent Sign Company Uses The Allowance Method In Accounting For Uncollectible Accounts. Past

The Dent Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 2% of net credit sales will eventually be uncollectible. Net credit sales for ’17 totaled $500,000. Instructions (a) Prepare the entry to record the estimated bad debts expense for 2017 (b) Record the following events in 2017. Aug. 10 Determined that the account of Kim Lake for $1,000 is uncollectible. Sept. 12 Determined that the account of Joe Yates for $4,000 is uncollectible. Oct. 10 Received a check for $1000 as payment on account from Kim Lake, whose account had previously been written off as uncollectible. (c) What is the balance of Allowance for Doubtful Accounts at December 31, 2017? PLEASE BREAK THIS DOWN AND SHOW HOW YOU GET THE ANSWER, THANKS!)

Instructions The Assets And Liabilities Of Global Travel Agency On December 31, 2045, And

the 50,000 was issued for cash and dividends of 90,000 were paid

I Need Step By Step Solution. No Handwritten, Please. I Will Rate Accordingly A

I need step by step solution. No handwritten, please. I will rate accordingly A company purchased a piece of equipment 10 years ago for $10,000 they are trying to purchase a similar type of equipment now. The old equipment had a capacity of 2,000 units, while the new one has a capacity of 1,000 units. The power sizing exponent for this type of equipment is 0.25. In addition, the cost index for this type of equipment 10 years ago was 120 and is 180 now. Estimate the cost to purchase the new equipment.

Environmental Factors Play A Major Role In Determining An Organization’s Success Or Failure. All

Environmental factors play a major role in determining an organization’s success or failure. All organizations have both external and internal environments. Discuss the nature of an organization’s environment, critically identify and describe with examples the components of its general, task and internal environmental factors a business person has to consider before embarking on international business. (50 marks)

I Am Posting This Wuestion For The Second Time. Can You Please Give All

i am posting this wuestion for the second time. can you please give all the formulas you use and explanation on the side. i have no account background, giving the formula and writing what each component of the formula is will be very helpful and i can try and tackle the questions better. please also answer 3.2 and 3.3.

The Concepts Of Gross Margin And Contribution Margins Are Two Important Measures Companies …

The Concepts Of Gross Margin And Contribution Margins Are Two Important Measures Companies … Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: The concepts of gross margin and contribution margins are two important measures companies can us… The concepts of gross margin and contribution margins are two important measures companies can use to determine how well they are faring in terms of profit-making. While gross margin is simply revenue less the total cost of the goods sold, contribution margin is revenue, less variable costs. According to Datar and Rajan (2018), “the gross margin measures how much a company can charge for its products over and above the cost of acquiring or producing them. Companies, such as brand-name pharmaceuticals producers, have high gross margins because their products are often patented and provide unique and distinctive benefits to consumers. In contrast, manufacturers of generic medicines and basic chemicals have low gross margins because the market for these products is highly competitive. Contribution margin indicates how much of a company’s revenues are available to cover fixed costs. It helps in assessing the risk of losses. For example, the risk of loss is low if the contribution margin exceeds a company’s fixed costs even when sales are low. Gross margin and contribution margin are related but gives different insights. For example, a company operating in a competitive market with a low gross margin will have a low risk of loss if its fixed costs are small.” What other insights or observations do you have with regard to gross margin and contribution margin? Do those insights change depending on the industry sector being considered; if so, why?

3. If You Asked Your Broker To Purchase For You A 7% Bond When

3. If you asked your broker to purchase for you a 7% bond when the market interest rate for such bonds was 8%, would you expect to pay more or less than the face value for the bond? Explain. 4. Would a zero coupon bond ever sell for its face amount? (think about this last one…it involves a little thought!)

A Private Not-for-profit Organization Has The Following Cash Inflow And Outflows For The Fiscal

A private not-for-profit organization has the following cash inflow and outflows for the fiscal year. Receipts: Unrestricted contributions 195,000 Contributions restricted by donor for in-home aid 80,000 Contributions restricted by donor for endowment 100,000 Contributions restricted by donor for computer purchases 45,000 Interest income 20,000 Proceeds of short-term bank loan 10,000 Proceeds of 5–year bank loan 30,000 Payments: Operating expenses 280,000 Purchase of investments with endowment contributions 100,000 Purchase of investments with unrestricted contributions 75,000 Purchase of computers using restricted contributions 40,000 Repayment of principal of bank loan 35,000 What is the amount of net cash flow from operating activities? For example, enter net cash provided of $600,000 as 600000. Enter net cash used of $600,000 as -600000. What is the amount of net cash flow from investing activities? For example, enter net cash provided of $600,000 as 600000. Enter net cash used of $600,000 as -600000. What is the amount of net cash flow from financing activities? For example, enter net cash provided of $600,000 as 600000. Enter net cash used of $600,000 as -600000.

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