What role(s) does accounting play in commercial loans, refinancing loans,
Get college assignment help at Smashing Essays Question What role(s) does accounting play in commercial loans, refinancing loans, and in public equity?
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Question src=”/qa/attachment/9217124/” alt=”Screen Shot 2019-08-06 at 1.54.52 PM.png” />Could you kindly find the answer to these questions, thank you. Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-06 at 1.54.35 PM.png 7103AFE Corporate Accounting Workshop questions Consolidation: Controlled and wholly owned subsidiaries Question 1 What is a subsidiary? Question 2 What are the key elements of control? Question 3 On 1 July 2013, Pyxis Ltd acquired all the share capital of Gemini Ltd for $218,500. At this date, Gemini Ltd’s equity comprised: Share Capital — 100 000 shares General reserve ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-06 at 1.54.52 PM.png All identifiable assets and liabilities of Gemini Ltd were recorded at fair value as at 1 July 2013 except for the following: Carrying Amount Fair Value Inventory 5 27,000 5 35,000 Land 75,000 90,000 Equipment (cost $100,000) 50,000 60,000 o The equipment is expected to have a further 10—year life. a The inventory was sold by June 2014. o The tax rate is 30%. o On 30 June 2014, the directors of Gemini Ltd decided to transfer $25,000 from the general reserve to retained earnings. m Prepare the consolidation worksheet entries for the preparation of consolidated financial statements for Pyxis Ltd and its subsidiary Gemini Ltd as at: 1) 1 July 2013 2) 30 June 2014
Hello, I need some help with this problem. src=”/qa/attachment/9217297/” alt=”Screen
Question Hello, I need some help with this problem. src=”/qa/attachment/9217297/” alt=”Screen Shot 2019-08-06 at 12.00.02 AM.png” /> Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-06 at 12.00.02 AM.png Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below] A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash $ 64,300 $ 16,100 Accounts receivable, net 27,600 34,100 Inventory 57,700 64,000 Prepaid expenses 3,600 2,900 Total current assets 153,200 117,100 Furniture 72,600 82,200 Accum. depreciation—Furniture (11,200) (6,200) Total assets $214,600 $193,100 Liabilities and Equity Accounts payable $ 10,100 $ 14,200 Wages payable 6,000 3,300 Income taxes payable 1,000 1,800 Total current liabilities 17,100 19,300 Notes payable (long-term) 20,600 47,700 Total liabilities 37,700 67,000 Equity Common stock, $5 par value 154,700 123,700 Retained earnings 22,200 2,400 Total liabilities and equity $214,600 $193,100 CRUZ, INC. ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-06 at 12.00.19 AM.png CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $330,500 Cost of goods sold 212,700 Gross profit 117,800 Operating expenses Depreciation expense $25,400 other expenses 60,300 85,700 Income before taxes 32,100 Income taxes expense 11,700 Net income $ 20,400 05 12-11 Indirect: Computing cash from operations LO P2 Required: Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-06 at 12.00.30 AM.png 05 12-11 Indirect: Computing cash from operations LO P2 Required: Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flo this company. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities
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Question src=”/qa/attachment/9217789/” alt=”Screen Shot 2019-08-06 at 2.15.46 PM.png” />Would you be able to help solve this case? Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-06 at 2.15.30 PM.png 1. Fraud risks related to Tesla’s culture, leadership, and govemance structure (10 marks). a. How would you describe the ‘tone at the top’ set by Tesla‘s leader, Elon Musk? How do Mr. Musk’s leadership style and his ‘tone at the top’ contribute to possible fraud risk at Tesla Motors? in. How would you describe the company‘s culture? How might this culture create pressures and rat ionalizations for fraud? c. Review Tesla’s Code of Business Conduct and Ethics (see attached for Tesla’s Code of Business Conduct and Ethics). How might any potential weaknesses in this code contribute to fraud risk at this company? d. Describe some possible concerns regarding Tesla’s board of directors. How might these concerns create opportunities and rationalizations for fraud? 2. Fraud risks related to Tesla’s incentive structures and stock performance (10 marks). a. To what extent are executives and employees incentivized with shares and stock options (see attached for Tesla’s 2015 Annual Report,’ Item 7 Management’s Discussion and Analysis (MD
Need help with Question P9-9 Part A Attachment 1 Attachment
Question Need help with Question P9-9 Part A Attachment 1 Attachment 2 ATTACHMENT PREVIEW Download attachment P9-9 Part A
Which of the following is NOT one of the causes
Question Which of the following is NOT one of the causes of the projected insolvency of Social Security?Higher incomes lead to higher benefits.People are living longer.The baby boom generation is larger than the generation following it.
E 21-16 (L05) (Lessee-Lessor, Sale-Leaseback) The following are four independent
Question E 21-16 (L05) (Lessee-Lessor, Sale-Leaseback) The following are four independent situations.(a) On December 31, 2017, Zarle Inc. sold computer equipment to Daniell Co. and immediately leased it back for 10 years.The sales price of the equipment was $520,000, its carrying amount is $400,000, and its estimated remaining economiclife is 12 years. Determine the amount of deferred revenue to be reported from the sale of the computer equipment onDecember 31, 2017.(b) On December 31, 2017, Wasicsko Co. sold a machine to Cross Co. and simultaneously leased it back for one year. Thesales price of the machine was $480,000, the carrying amount is $420,000, and it had an estimated remaining useful lifeof 14 years. The present value of the rental payments for the one year is $35,000. At December 31, 2017, how muchshould Wasicsko report as deferred revenue from the sale of the machine?Problems 1245(c) On January 1, 2017, McKane Corp. sold an airplane with an estimated useful life of 10 years. At the same time, McKaneleased back the plane for 10 years. The sales price of the airplane was $500,000, the carrying amount $379,000, and theannual rental $73,975.22. McKane Corp. intends to depreciate the leased asset using the sum-of-the-years’-digits depreciationmethod. Discuss how the gain on the sale should be reported at the end of 2017 in the financial statements.(d) On January 1, 2017, Sondgeroth Co. sold equipment with an estimated useful life of 5 years. At the same time, Sondgerothleased back the equipment for 2 years under a lease classified as an operating lease. The sales price (fair value)of the equipment was $212,700, the carrying amount is $300,000, the monthly rental under the lease is $6,000, and thepresent value of the rental payments is $115,753. For the year ended December 31, 2017, determine which items wouldbe reported on its income statement for the sale-leaseback transaction.
Edna is 30 and plans to retire at 60. That’s
Question Edna is 30 and plans to retire at 60. That’s 30 years of saving for retirement. Edna will make a deposit into the retirement savings account once a year at the end of the year. Each deposit will be the same amount.Once she retires, Edna will use the proceeds, plus interest to live for 40 years during retirement. Edna wants to plan for a retirement pay of $150,000 at the end of each year. The discount rate is 10%.Some time-value-of-money factors are available: 30 years 40 yearsPresent value of an ordinary annuity, 10% 9.427 9.779Future value of an ordinary annuity, 10% 164.494 442.593What yearly deposit should Edna make from age 30 to 60 to achieve her goal?A. $150,000B. $55,748C. $8,917D. $8,596
1. Extent to which internal resources have been used to
Question 1. Extent to which internal resources have been used to finance acquisition of assets .which accounting ratio to use and why?
This question was created from Final Project Overview_Full Merger Model.pdf
Question This question was created from Final Project Overview_Full Merger Model.pdf https://www..com/file/24220021/Final-Project-Overview-Full-Merger-Modelpdf/ I need to make a model ATTACHMENT PREVIEW Download attachment 24220021-333550.jpeg Target Share Price Offer = $76.50. You will then need to calculate the premium paid (in cell B18), as well as the Target Value of Equity Offer / Target Implied Transaction Value (in cells B22 and B23, respectively). Consideration for Target Equity Cash Consideration – 0% (i.e. this will be an all-stock deal, at least for the initial portion of the assignment). The remainder of this table should calculate automatically. Sources for Cash Component Cash on Balance Sheet: $0.0 Interest Rate earned on Cash: 0.5% New Debt: Calculate this based on Total Cash Consideration less Cash on Balance Sheet used ($0, as noted above). In this scenario (all-stock deal), this will result in $0 for amount borrowed, but make sure the formula is correct. Interest Rate on New Debt: 4.0% Sources for Acquirer Shares Issued You will need to calculate both the number of shares to be issued, as well as the exchange ratio (the number of shares of buyer stock received for each share of seller stock purchases), as we did in class. Proforma Ownership These figures should calculate automatically once above data are populated. Goodwill should also calculate automatically as the difference between the price paid for Kellogg’s equity, and Kellogg’s book value at the time of acquisition. For the items listed below Goodwill, enter the following values: Additional Amortizable Intangibles $0.0 Amortize Intangibles? (yes or no) NO If yes, how many years? 20 The items on the right side of this tab should be left alone for now. However, you will need to CHOOSE either Scenario 1, 2 or 3 in cell J28. This will drive the
PLEASE READ FIRST: I need assistance finding the Discount factor
Get college assignment help at Smashing Essays Question PLEASE READ FIRST: I need assistance finding the Discount factor and Internal rate of return. (Under Required: numbers 2. and 3.)Numbers 1. and 4. are correct and no further assistance is needed regarding those questions. Thank you for your assistance and any help you can provide regarding this question. ATTACHMENT PREVIEW Download attachment Capture.PNG
FairHome Ltd (FHL) makes a range of ovens for sale
Question FairHome Ltd (FHL) makes a range of ovens for sale to households and small restaurants. The company uses a cost-plus approach to pricing. Direct costs of producing an oven are given in the matrix below Details TZS Direct materials 10,900 Direct labour 7,000 Other direct costs 12,100 Total Direct costs (variable costs) 30,000 Indirect costs (Fixed production overheads) 150,000,000 The company absorbs production overheads on the basis of machine hours used. The total required machine hours are 25000 for the year. The production of each oven requires 2 machine hours. FHL requires a profit of 60% on total cost.Required: a) Determine the selling price of each oven using the cost plus approachb) The selling price which is arrived at in a) above is simply a starting-off point in a long process of determining an appropriate price. With relevant examples, discuss this statement. c) Discuss at least five problems associated with cost-plus pricing approach and at least four advantages of cost-plus pricing.
Bain Systems Ltd (BSL) is a computer games developer. The
Question Bain Systems Ltd (BSL) is a computer games developer. The company’s management accountant is preparing for a meeting with the sales director in order to discuss the pricing of BSL forthcoming computer game, coded BS2019. The game has been in development for the last six months (preliminary costs). The following costs have been accumulated to date: Details TZS Cost of games developers’ meeting and travelling 50,300,000 Pre-marking and promotion activities 37,200,000 Allocation of general business overhead 13,800,000 Total preliminary costs 101,300,000 Sales projections indicate that the game is likely to sell around 2,000,000 copies over an eighteen month period. At some time within the first twelve months of production BSL directors will make a decision on whether or not to develop or publish an updated version of the game. Variable costs of production are estimated at TZS 4,300 per copy. Further advertising costs will be incurred of around TZS 10,000,000, and a further TZS 11,500,000 is estimated as the future allocation of general overhead to this project. RequiredDetermine the minimum price that should be charged for a copy of the BS2019 game
Megatronics Corporation, a massive retailer of electronic products, is organized
Question Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions. The four divisional managers are evaluated at year-end, and bonuses are awarded based on ROI. Last year, the company as a whole produced a 13 percent return on its investment.During the past week, management of the company’s Northeast Division was approached about the possibility of buying a competitor that had decided to redirect its retail activities. (If the competitor is acquired, it will be acquired at its book value.) The data that follow relate to recent performance of the Northeast Division and the competitor: Northeast Division CompetitorSales …………………………………………………………………………………………$8,400,000 $5,200,000 Variable costs …………………………………………………………………………….70% of sales 65% of sales Fixed costs …………………………………………………………………………………$2,150,000 $1,670,000 Invested capital ………………………………………………………………………….$1,850,000 $625,000 Management has determined that in order to upgrade the competitor to Megatronics’ standards, an additional $375,000 of invested capital would be needed.Required: As a group, complete the following requirements. 1. Compute the current ROI of the Northeast Division and the division’s ROI if the competitor is acquired. 2. What will be the reaction of divisional management toward the acquisition? 3. What will be the reaction of Megatronics’ corporate management toward the acquisition? 4. Would the division be better off if it didn’t upgrade the competitor to Megatronics’ standards? Show computations to support your answer. 5. Assume that Megatronics uses residual income to evaluate performance and desires a 12 percent minimum return on invested capital. Compute the current residual income of the Northeast Division and the division’s residual income if the competitor is acquired. Will divisional management be likely to change its attitude toward the acquisition?
(Financial forecasting – discretionary financing needs) Brigman Industries is evaluation
Question (Financial forecasting – discretionary financing needs) Brigman Industries is evaluation its financing requirements for the coming year. The firm has been in business for 1 year, and the CFO expects that the relationship between firm sales and its operating expenses, current assets, its assets, and current liabilities will remain at their current proportion of sales. Last year Brigman had $12 million in sales and net income of $1.2 million. The firm anticipates that next year’s sales will reach $18 million, with net income rising to $2 million. Given its present high rate of growth, the firm retains all its earnings to help defray the cost of new investments. The firm’s balance sheet for 2015 is shown in the following table: Estimate Brigman’s financing requirements (that is, total assets) for 2016 and its discretionary financing needs (DFN). ATTACHMENT PREVIEW Download attachment Table for Acc.png Brigman Industries Inc. BALANCE SHEET 12/31/2015 % OF SALES Current assets $ 2,000,000 17% Net fixed assets 8,000,000 67% Total $ 10,000,000 LIABILITIES AND OWNERS’ EQUITY Accounts payable $ 3,000,000 25% Long-term debt 2,000,000 NA Total liabilities $ 5,000,000 Common stock 1,000,000 NA Paid-in capital 1,800,000 NA Retained earnings 1,200,000 Common equity 4,000,000 Total $10,000,000
Wrong answers
Question Wrong answers
I have no idea where to start. I was hoping
Question I have no idea where to start. I was hoping the work book would be complete on the site but cannot find. Complete problem 11a concerning cost allocation on page 573 of your Financial Management of Health Care Organizations text by Zelman, McCue, Glick, and Thomas. Show all of your calculations in an Excel spreadsheet. Post your spreadsheet and ask related questions or offer comments about it.
Kibuyu and Mabuyu are Management Accountants who have recently set
Question Kibuyu and Mabuyu are Management Accountants who have recently set up in partnership and are working hard to establish themselves in Dar Es Salaam City which already has several prominent Management Accountants. They have a fee charge out rate per hour of TZS 65,000. They are preparing a bill for Mrs. Mbuyu on her expected project. The bill contains the following items: Item Cost in TZS Fees for time: 43 hours @65,000 2,795,000 Taxation specialist’s charges for advice 650,000 Other sundry charges 240,000 Total Charges 3,685,000 The partners disagree about how much to charge. Kibuyu thinks that TZS 3,685,000 is a ridiculously high amount to charge for the job, and that if word gets out that the firm charges that much for the service; it will badly damage their chances of increasing business. He says they should charge TZS 3,000,000 and be prepared to take the loss. Mabuyu worked the majority of the 43 hours noted on the bill. He defends the high charge on the grounds that it is only so high because Mrs Mbuyu wasted such a lot of time changing her mind about which project should consider. Also, because she is so rich, she should be able to afford the charges. He adds that he personally doesn’t care if Mrs Mbuyu doesn’t use their services again because she was so difficult to deal with. Required: Discuss the points of view of the two partners on this pricing problem. Which partner do you think is correct?
So I understand how to do Pbefore=Dividend, but I am
Question So I understand how to do Pbefore=Dividend, but I am nut sure how to do the rest. TIA src=”/qa/attachment/9234994/” alt=”Screen Shot 2019-08-06 at 9.18.21 AM.png” /> ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-06 at 9.18.21 AM.png Effects of Dividends on Stock Prices Wren Corp. is expected to pay a dividend of $3.00 per year indefinitely. If the appropriate rate of return on this stock is 12 percent per year, and the stock consistently goes ex-dividend 35 days before dividend payment date, what will be the expected minimum and maximum prices surrounding the dividend payment? First, determine the daily interest rate: iDaily = V1 i – 1 Then the maximum stock price, will occur right before the stock goes ex-dividend: Pbefore = [Dividend / (1 iDaily) (# days from ex-dividend thru payment) ] [(Dividend / i) X (1 / (1 iDaily)# days from ex-dividend thru payment)] And the minimum stock price, will occur right after the stock goes ex-dividend: Pafter = (Dividend / i) X (1 / (1 iDaily) (# days from ex-dividend to payment)
If an organisation’s operations rely heavily on the specialised expertise
Question If an organisation’s operations rely heavily on the specialised expertise of its management team, would you expect there to be a higher or a lower correspondence between the net assets recognised in the statement of financial position (balance sheet), and the total market value of the organisation’s securities, relative to an organisation that relies more on tangible assets (for example, commonly used plant and machinery) to generate its income?
Peanut Ltd. sells a single product at a price of
Question Peanut Ltd. sells a single product at a price of $25 per unit. This product costs Peanut $15 per unit to manufacture.Peanut’s actual sales over the past month (December) and projected sales over the next four months (January to April) are as follows: December 200,000 units March 250,000 units January 175,000 units April 275,000 units February 150,000 units50% of sales are for cash, and the remaining 50% are on credit and paid in full in one month’s timeUnits are produced one month in advance of sales, and the costs of production are paid 30% in the month of production and 70% in the month following production.Prepare Peanut’s cash budget for the months of January, February and March.
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