The following transactions occurred in the order shown in 2019 for a newfirm called ACCO Ltd. (The fiscal year is the same as the calendar year.) IV. VI. VII. VIII. Received $8,400,000 cash from investors in exchange forcommon shares of ACCO Ltd. Borrowed $200,000 cash from The Bank on January 1,2019. The principal will be repaid in five years. (See Xllbelow for the recording of […]

QUESTION 1Two pieces of land in Semenyih and Puchong and also an eight-storey office building have beenacquired by Nayland Bhd on 1 July 2017, The cost of Semenyih land, Puchong land and officebuilding are RM3,500,000, RM4,000,000 and RM5,000,000, respectively. Puchong land wasacquired to construct Nayland’s warehouse while the office building was rented out to itssubsidiary company, Mayland Bhd at market rental rates. However, the management […]

You have a balance of  2000.00 Dollars on your credit card. Compute how long it will take to pay off the credit card balance if you pay 200.00 Dollars each month. The APR on the credit cards is 10.9%. Compute the total amount of interest you pay when you pay off the credit card balance. You need to do this on Excel using built in […]

E17 Computing Dividends on Preferred Shares and Analyzing Differences ( 103 , LO4 )At December 31 2016 , the records of Hethe Company reflected the following balances in the shareholders equity accountsCar Ton shares per 514 per share 60 god shares outstandingPreferred shares to percent Der 510 per share good shares outstandingRetained earnings : 5230 090On January 1 2017 the board of directors was considering […]

5-2 Homework: Capital BudgetingThis homework submission should include all calculations for part (a), completed on the designated tab of the Homework Student Workbook, and a document explaining the implications of your findings for the business or business transaction. After reading the assigned chapters, respond to the following:You are a financial analyst for the Brittle Company. The director of capital budgeting has asked you to analyze two […]

Prompt 1: Contracted LaborDiscuss some differences between employees and self-employed contractors.  What does the FLSA have to say?If your folks were auditing a company’s payroll, what would you look for in deciding whether a worker is an independent contractor or an employee?  What difference would it make to you as the auditor?Prompt 2: Employers will work as government agencies to collect tax withheld from employees and […]

Question 3: (12 marks)In addition to making hand sanitizer, Sanitex Inc, also manufactures three differentmodels of facemasks used in the health care industry. Because of the Covid-19 pandemic,the demand for all three models of masks will remain strong. For the upcoming month,the manager of operations estimates that “Woyex” the special fabric used in making allthree masks, will be in short supply. According to the production […]

Bethany Johnson, a widow, died 5 years ago without leaving a will. Respond to the following questions and submit your answers in a Word Document to the Unit 3: Assignment Dropbox. Remember to review and reference the applicable sections of the Tax Code, including Publications 706 and 709. 1. Which of the following items are included in Bethany’s gross estate? a. A life estate in a trust […]

Discussion Prompt(s)Prompt 1What are pretax salary reductions? Many of you are familiar with the term of cafeteria plans, where employees can choose between cash pay and or qualified nontaxable benefits. You might also have heard about Flexible Spending Account, where the employee puts pretax dollars into a trust account to be used for health care, certain insurance premiums and dependent care. How will these items […]

Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, e.g. 0.251.) Variable cost per bottle $ 😐 Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal places, e3. 1225.) (1) Compute the break-even point units(2) Compute the break—even point 35 Compute the contribution margin ratio and the margin of safety ratio. (Round variable costper […]