Assemble the financial statements prepared for the City of Monroe. These financial statements will be in the solutions to Exercises 5–C, 6–C, 7–C, and 8–C. Assume a population of 32,000 and fair value of property in the amount of $275 million. Compute the following ratios, following the guidance used for the Village of Elizabeth in this chapter: (Please right click on the attached document and […]

QUESTION 3 (35 MARKS) Saliso Ltd is a division of the Racaza group of companies and manufactures a productwhich it sells (i) On the open market(ii) On a special government contract, which is renewable monthly at theoption of both parties The following information is available for the 2020 financial year: i) Saliso sold 1 000 units per month to the government at a contract price […]

This assignment will be submitted to Turnitin.InstructionsUsing the Communications Template, identify two overall issues that are present in the final project case that can be addressed using internal and external communications. For each issue, note the red flags thatcontribute to the issue and list those factors in the first column in the template. For each factor, identify potential communications that would need to be developed […]

Anita Night, a librarian at Vale University, lives in the community of Downtown, a community of  approximately 45,000 residents; twenty-five km from school. She had been thinking about her commute  to work for some time now; gas was over $4 a gallon and her car was approaching the 100,000 km mark.  After discussions with several friends who make the same commute, she and her friends […]

Information from McCormick Your task is to make an estimate of McCormick & Company’s Weighted Average Cost of Capital (WACC) to us The CFO plans to borrow a portion of the required $350 million initial investment for this project using 20 yeara study of the company’s WACC in early 2010. Interest rates have risen since the last study when the McCormweights between debt and equity […]

ABC Company’s accounting year ends on December 31. On December 31, 200a, ABC issued 10-year, 12%bonds with a face value of P100,000, for P100,000. The bonds are dated December 31, call for semiannualinterest payments on June 30 and December 31, and mature in 10 years on December 31. ABC made therequired interest and principal payments when due.1. Identify the entry to record the issuance of […]

of the company’s fixed costs. The variable selling and administrative expensewould be R1.90 less per unit on this order than on normal sales. Direct labour is a variable cost in this company. . Suppose there is ample idle capacity to produce the units required by theoverseas customer and the special discounted price on the special order isR6050 per unit. By how much would this special […]

Rolf Company and Kent Company are similar firms that operate in the same industry. Kent began operations in 2011 and Rolf in 2008. In 2013, both companies pay 7% interest on their debt to creditors. The following additional information is available.                                                  […]

At 30 June 2019, Beta Ltd had the following deferred tax balances:Deferred tax liability$18,000Deferred tax asset15,000Beta Ltd recorded a profit before tax of $80,000 for the year to 30 June 2020, which included thefollowing items:Depreciation expense – plant$7,000Doubtful debts expense3,000Long-service leave expense4,000For taxation purposes the following amounts are allowable deductions for the year to 30 June 2020:Tax depreciation – plant$8,000Bad debts written off2,000Depreciation rates for […]

Cookie CreationsCC1 Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They passed many happy hours mastering every type of cookie imaginable and later creating new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating various possibilities for starting her own business as part of the requirements of the […]