Merchandising companies need to have inventory available to sell to
Question Merchandising companies need to have inventory available to sell to the consumer, creating a need to identify how to account for the purchase and sales of the inventory. In addition, there are costs associated with having inventory. You have been asked to propose an inventory system to handle the accounting for the purchasing and selling of merchandise. The company needs to also understand how to handle the accounting for the costs of inventory.
should executives and directors be sent to jail for the
Question should executives and directors be sent to jail for the acts of their corporation’s employees
Participating preferred stockholders receive dividends only after common stockholders have
Question Participating preferred stockholders receive dividends only after common stockholders have been paid dividends.receive preference dividend amounts as well as a share of other dividends paid.receive cumulative dividends if dividends are passed in previous years.give up their voting rights in exchange for dividend preferences.
1. What are the problems of using direct labour costs
Question 1. What are the problems of using direct labour costs to allocate the overhead costs? 2. Calculate the product cost for each of the four tests in accordance with: a) The existing costing system b) The costing system proposed by Crest, the accountantc) The costing system proposed by Posh, the consultant 3. Which costing system would you choose? Why? You should refer to your calculations above in your answer. Consider VMD’s recent investment in the 3D MRI equipment. While this technology allows the Medical Imaging Center to stay at the forefront of technological developments in the field, it is currently underutilized.4. Recommend a solution to the VMD management team, including how you propose to treat the new equipment from a costing system standpoint, and the benefits and limitations of your suggestion. ATTACHMENT PREVIEW Download attachment AYN414 Assignment – VMD Medical Imaging Centre(2).pdf QUEENSLAND UNIVERSITY OF TECHNOLOGY QUT Business School School of Accountancy AYN414 Cost and Management Accounting SEMESTER TWO 2019 ASSESSMENT ITEM 1: Written Assignment (Weighting Total: 20%) Due Date and Time: Sunday 1st September 2019 @ 11:59pm Submission: Submission via Turnitin Blackboard – see the Assessment area of the AYN414 Blackboard site Length: Maximum 1,100 words for your entire uploaded document counted via the word count dialogue function on Microsoft word Team or Individual: Individual This assessment item assesses the following learning outcomes: Knowledge and Technical Skills (KS) 1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods. Higher Order Thinking Skills (HO) 2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice. Professional Communication (PC) 3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences. Teamwork
This question was created from homework help 2.docx https://www.coursehero.com/file/45014036/homework-help-2docx/ Need
Question This question was created from homework help 2.docx https://www..com/file/45014036/homework-help-2docx/ Need help addressing the following items: • Explain the tax benefits of debt financing. • Calculate the AT- WACC with a 60% debt and 40% equity financing structure. Correctly explains the required steps for After Tax Weighted Average Cost of Capital (AT-WACC) calculation with applicable dollar and or percentage values. • Apply the calculated AT-WACC to explain why this is or is not a viable investment for you as the Angel Investor. • Explain what the entrepreneur’s financial restructuring AT- WACC (% Debt and % Equity) need to be in order to positive ROI. Correctly assesses the significance of the difference between cost of debt versus Return on Investment (ROI). Correctly integrates the differences between AT-WACC and ROI to make a financial investment decision • Explain why you as the Angel Investor would require more or less debt versus equity financing. Be sure to note the nature of the claims on assets in times of a bankruptcy. • Differentiates the nature of secured debt financing versus that of equity ATTACHMENT PREVIEW Download attachment 45014036-337148.jpeg Scenario: As an Angel Investor you have been asked to assess an entrepreneur’s product and financing options. In your role as an Angel Investor you focus on one year at a time. The entrepreneur asks for $100,000 immediately to purchase a diagnostic machine for a healthcare facility. The entrepreneur hopes to be financed with 60 percent debt and 40 percent equity. As the entrepreneurs‘ venture capital partner, you assign a cost of equity of 15% and a cost of debt at 10%. You require a Return on Investment (ROI) of 8%. You are using an After Tax Weighted Average Cost of Capital (AT- WACC) model. A 35% marginal tax rate is applied Address the following items:
What administrative cost are periodic and which ones are manufacturing
Question What administrative cost are periodic and which ones are manufacturing overhead?
VMD Medical Image Center Project What are the problems of
Question VMD Medical Image Center Project What are the problems of using direct labour costs to allocate the overheads coast ?
Decision making for constrained resources, make versus buy, and new
Question Decision making for constrained resources, make versus buy, and new product development (Loosely based on Samuels, JA
QUESTION 3 (20 marks) The following is an extract from
Question QUESTION 3 (20 marks) The following is an extract from the financial statements of LaLaLand Ltd: Extracts from Statement of financial position 2017 and 2018 2017 (2018) Net non-current assets R 2 900 R3 400 Current assets R 650 R 705 Long-term debt R 1 500 R1 720 Current liabilities R 265 R 290 2017 Income statement Sales R8 600 Costs R4 150 Depreciation R800 Interest paid R216 3.1 What is owner’s equity for 2017 and 2018? (4) 3.2 What is the addition to net working capital for 2018? (4) 3.3 In 2018, LaLaLand Ltd purchased R1 500 in new non-current assets. How much in non-current assets did LaLaLand Ltd sell? What is the cash flow from assets for the year? The tax rate is 28% percent. (8) 3.4 During 2018, LaLaLand Ltd raised R300 in new long-term debt. How much long-term debt must LaLaLand Ltd have paid off during the year? What is the cash flow to lenders? (4)
QUESTION 1 [30] The following 2 mutually exclusive projects (Project
Question QUESTION 1 [30] The following 2 mutually exclusive projects (Project Maringa and Project Nelli) are available: Year/s Cash Flows (Maringa) Cash Flows (Nelli) 0 -200 000 -20 000 1 18 000 10 000 2 28 000 9 000 3 28 000 10 000 4 300 000 8 000 NB: a. The company requires a rate of return of 15% on its investment. b. Salvage values for the projects are as follows: * Project Maringa R10 000 (sold as scrap). * Project Nelli R1 000 (sold as scrap) 1.1. Applying the payback rule, which project is more lucrative? (5) 1.2. Why would you not use this method as the sole decision tool when making a capital investment decision? Explain. (4) 1.3. If the Accounting Rate of Return (ARR) is used, which project is more viable? (5) 1.4. Determine which project is more lucrative if the NPV rule is applied (show all workings). (14) 1.5. Which method is most reliable? Why? (2)
QUESTION 4 [20] Tazz (Pty) Ltd manufactures steel rods and
Question QUESTION 4 [20] Tazz (Pty) Ltd manufactures steel rods and uses a standard costing system. The following is the standard variable cost for one of their products: R Material @ R8, 00 per kg 20.00 Labour @ 1.5 hrs 22.50 Variable overheads – varying with hours worked: 1.5 hrs @ R6.00 per hour 9.00 – varying with production 7.00 Budgeted sales 11 700 units Actual results for June 2015 are as follows: Materials purchased 32 000 kg R262 400 Labour Rate per hour R16.00 R304 000 Variable overheads – varying with hours worked R108 300 – varying with production R 78 000 Sales R624 000 Additional information: The budgeted selling price is R50.00 per unit. 1. 12 000 units were manufactured and sold during June 2015. 2. There were no completed units, work in progress or material on hand at the beginning or end of June 2015. Required: Calculate and briefly evaluate the following for June 2015: 4.1 Material price variance 4.2 Material quantity variance 4.3 Labour rate variance. 4.4 Labour efficiency variance 4.5 Selling price variance
QUESTION 3 [25] Thomas Ltd is a spare parts agent
Question QUESTION 3 [25] Thomas Ltd is a spare parts agent for motorcycles in Tshwane, South Africa. The company commenced operations at the beginning of the 2010 year. Although being profitable, the business is experiencing cash flow problems. The financial director has approached you for advice in order to remedy this situation. The following amounts for the current (2015) and comparative years were extracted from the records of the company: 2014 2015 (current) R`000 Turnover (all sales on credit) 220 000 250 000 Cost of sales 150 000 165 000 Profit before interest and tax 11 000 10 500 Accounts receivable 25 000 29 600 Accounts payable 14 700 17 000 Inventory 26 000 30 400 Bank/ (overdraft) (1000) (2 000) 3.1 Briefly discuss the purpose of financial statement analysis (3) 3.2 Calculate the following ratios for each year: (10) 3.2.1 Accounts receivable (debtors) collection period 3.2.2 Inventory holding period 3.2.3 Accounts payable (creditors) payment period 3.2.4 Current ratio 3.2.5 Acid test ratio 3.3 Evaluate the company’s working capital management in light of the above calculations. (12)
Case 1ABC companies use the allowance for doubtful accounts. Past
Question Case 1ABC companies use the allowance for doubtful accounts. Past experience shows that 1% of net credit sales will eventually be collectible. The account balance selected on 31 December 2016 and 31 December 2017 will appear below:Net credit sales of $ 400,000 (31 dec 16), $ 450,000 (31 dec 17)AR $ 75,000 (31 dec 16), $ 100,000 (31 dec 17)Allowance for doubtful accounts $ 5,000 (31 dec 16), unknown ? (31 Dec 17)A. Keep a journal to record the following events in 2017:-. August 10 2017 Sue’s $ 1,000 receivables are not collectible-. 12 sept 2017 Tom’s $ 4,000 receivables are not collectible-. 10 Oct 2017 received a check of $ 550 as payment for Sue’s account whose receivables were written off because they were not collectible. she indicated the rest of her account would be paid in NovemberB. Make adjusting entry to record bad debt provisions for the year ending 31 December 2017.What is the allowance for doubtful accounts balance as of 31 December 2017?
Kindly send me some pointers to these 2 questions or
Question Kindly send me some pointers to these 2 questions or if they already been answered1. Compare and contrast country risk analysis with exchange rate volatility.(25 marks)2. MNCs promote globalization. Is this a force for good or bad? Discuss.(25 marks)
CaseSEGA companies use the allowance for uncollected accounts. Past experience
Question CaseSEGA companies use the allowance for uncollected accounts. Past experience shows that% of net credit sales will eventually be collectible. The account balance selected on 31 December 2016 and 31 December 2017 will appear below:net credit sales of $ 400,000 (31 dec 16), $ 450,000 (31 dec 17)AR $ 75,000 (31 dec 16), $ 100,000 (31 dec 17)Allowance for doubtful accounts $ 5,000 (31 dec 16),? (31 Dec 17)A. Keep a journal to record the following events in 2017:-. August 10 2017 Sue’s $ 1,000 receivables are not collectible-. 12 sept 2017 Tom’s $ 4,000 receivables are not collectible-. 10 Oct 2017 received a check of $ 550 as payment for Sue’s account whose receivables were written off because they were not collectible. he indicated the rest of his account would be paid in November the 15thB. pmake adjusting entry to record bad debt provisions for the year ending 31 December 2017.What is the allowance for doubtful accounts balance as of 31 December 2017
What are the benefits of a company that overvalue financial
Question What are the benefits of a company that overvalue financial performance measures and undervalue non-financial performance measures?
could help me to solve the problem? ATTACHMENT PREVIEW Download
Question could help me to solve the problem? ATTACHMENT PREVIEW Download attachment Snip20190822_2.png Yellow Ltd’s income statement for the year ended 30 june 2019 include the income and expense items shown below: Profit before tax :1; 42,000 Government grant [exempt from tax) 6,500 Fines and penalties expense 2,100 Bad debts expense 6,200 Depreciation expense — Plant 24,000 Rent expense 8,500 Annual leave expense 9,400 The statements of financial position of Yellow Ltd as at 30 june 2019 and 2018 included the following assets and liabilities: 2019 2018 Assets Receivables $ 156,000 147,500 Allowance for doubtful debts [6,800] [5,200] Prepaid rent 3,400 5,600 Plant 240,000 240,000 Accumulated depreciation-plant [134,400] [1 10,400] Deferred tax asset ? 4,470 Liabilities Provision for annual leave 14,100 9,700 Deferred tax liability ? 6,500 The tax deduction for plant depreciation was $28,800. Accumulated depreciation for plant at 30 june 2019 for taxation purposes was $161,280. The corporate tax rate is 30% Required: Prepare the deferred tax worksheet and provide the journal entry to record the adjustment to the deferred tax asset and the deferred tax liability accounts for the year ended 30 june 2019. Do not offset the deferred tax accounts. Explain why each worksheet adjustment and journal entry is necessary.
Dean has earned $72,250 annually for the past five years
Question Dean has earned $72,250 annually for the past five years working as an architect for WCC Inc. Under WCC’s defined benefit plan (which uses a 7-year graded vesting schedule) employees earn a benefit equal to 3.5% of the average of their three highest annual salaries for every full year of service with WCC. Dean has worked for five full years for WCC and his vesting percentage is 60%. What is Dean’s vested benefit (or annual retirement benefit he has earned so far)?$12,644$43,350$7,5860
Jessica retired at age 65. On the date of her
Question Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $219,000. Over the years, Jessica had made $21,900 of nondeductible contributions and $69,500 of deductible contributions to the account. If Jessica receives a $69,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?$0$6,900$51,750$62,100$69,000
Kathy is 48 years of age and self-employed. During 2018
Question Kathy is 48 years of age and self-employed. During 2018 she reported $136,000 of revenues and $54,400 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018? (Round your final answer to the nearest whole number)$15,167$17,170$71,800$55,000
Discuss the reasons for the changes in your goals and
Question Discuss the reasons for the changes in your goals and how you’ll need to adapt your financial plans as a result.
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