FFI Limited is a trading company and it purchased a piece of equipment at a gross cost of $1,800,000 on 1 October 2019. The equipment has an estimated life of ten years with a residual value equal to 15% of its gross cost. FFI Limited uses straight-line depreciation on a time-apportioned basis. FFI Limited received a grant from the government of 30% towards the cost […]

MY COMPANIES ARE NETLIX AND HULU FOR THIS ASSIGNMENTPart II OverviewFor this part of the final project, you will be given a scenario in which you are asked to illustrate your financial computation and analysis skills. This part of the assessment addresses the following course outcomes:  Compute financial ratios, time value, variables, and returns using industry standard tools for optimizing financial success  Analyze corporate financial […]

Discuss the motives of the executives to commit fraud.Evaluate whether SOX and PCAOB have been effective in reducing unethical behavior of corporate executives.. DQ#2  Which is more difficult to conceal, fictitious revenue recognition or premature revenue recognition?  DQ#3. In the Batman movie “The Dark Knight“, Alfred the butler, advises his boss that “some men just wantto see the world burn“.  Does this advice have any relevance to our course? DQ#4 […]

Relationship between 21st-century skills, culturally relevant instruction, and creativityCreativity Culture and Global Contexts in Education Decision MakingTriangle of Supporteamwork and collaboration when they were demonstrating the machine that picks up balls which are great 21st century skills.  This allowed the student’s to learn using interactive and constructivist methods.  The feedback at the end of each project allowed the teacher to use a variety of ways […]

The following is the trial balance of Aroro Enterprise as at 31 August 2019Particulars Debit (RM) Credit (RM)Capital 48,400Drawings 3,500Trade receivables 9,000Trade payables 12,500Sales 40,400Purchases 31,000Sales returns 300Purchases returns 250Wages and salaries 5,600Discounts allowed 120Discounts received 200Provision for doubtful debts 300Insurance 700Inventory as at 1 September 2018 2,400Utilities 950Rates 350Premises 10,000Fixtures and fittings 3,000Motor van 20,000Cash in hand 330Cash at bank 14,800TOTAL 102,050 102,050Additional information […]

Waterways (Chapter 19)For this assignment, you will apply what you have learned from the unit lesson and required unit resources. The Waterways (WP19) case is located on page 19-39 of the textbook.Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in […]

You have been the manager of a local restaurant for the past five years. Because of increased competition, you notice you’re getting fewer customers. Despite all your attempts to attract new customers and cut costs, the restaurant’s profitability continues to decline. The restaurant owner tells you that if this year’s profit is lower than last year’s, you’ll lose your job.When preparing financial statements at the […]

Stoneman Corporation had the following assets on December 31, 2020:           Basis to Stoneman Corporation                             Fair Market ValueCash…………………………………. $31,000……………………………. $31,000Inventory…………………………….. 30,720……………………………. 122,880Building and Land………………… 61,440……………………………. 199,680Equipment…………………………. 178,176……………………………… 30,720Investment stock…………………… 55,296……………………………… 32,000The inventory was purchased by Stoneman Corporation. The investment stock was acquired from one of the corporation’s shareholders Gary, as a capital contribution on November 15, 2019, when the stock had a fair market value of $36,864 and […]

Syarikat Sabariah Trading memulakan perniagaan pada 1 Januari 2020.  Berikut adalah imbangan duga bagi syarikat pada 30 November 2020:                                                        Debit (RM)          Kredit (RM)Tunai                         […]

At an investment bank as a financial analyst. Make an analysis of the 2008 Mattel Inc’s Income Statement and a recommendation as to what role the bank should take on the shares of the company (buy, hold, sell). Use in the Income Statement, Balance Sheet and Notes the details given. 1) In the Income Statement, evaluate each item and write down your interpretation of the progression of the […]