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Question 2
Mark worked as route manager for United Trucks Pty Ltd in Queensland from 2002-08. A term of his contract was that if he should leave the company, he could not engage in the trucking industry in Queensland for five years. In 2010 he registered a company called Sunshine Trucks Pty Ltd. Mark owns 95% of the shares. The other 5% are owned by his brother, Greg, whom he elected as sole director and CEO. All contracts for haulage of goods are signed by Greg in the name of Sunshine Trucks Pty Ltd. The company operates in north Queensland.Greg also signed a contract on behalf of the company, taking out a loan of $ 2 million from Grasping Bank in 2010 as start-up capital. The company did well during 2010, 2011 and the first half of 2012, but in July 2012 was not able to repay a loan instalment of $ 100 000 owing to Grasping Bank Ltd.
Mark comes to you for advice after receiving two letters: One from United Trucks Pty Ltd requiring him to cease the operations of Sunshine Trucks Ltd in Queensland, the other from Grasping Bank Ltd threatening to sue him for $ 100 000. Advise him, citing all relevant legal authority.
In recent times, there has been a case of accounting for changing price, from the traditional historical cost accounting to more "appropriate" methods.
Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.
Write a report the owners detailing ALL the different options and considerations that you feel the owners should consider raising the $60 million.
Finch supplies remaining components and assemble the final product at a cost $340. Finch's marketing, packaging, and shipping expenses total $40 per unit. Each unit is sold for $2,800.
Show how Marloweville would record the transactions if it were to issue a $10,000,000 bond and then use the proceeds to construct the golf course.
"International accounting standards are 'unusable" from an investor's viewpoint and make 'global allocation of capital more complex instead of simplifying it". Chief financial officers at large listed entities say.
Evaluate the cash balance at the end of the first year for Alpaca Corporation
What will be the effect of the price increase on the firm's FCF for the year?
The records of Andrews Company reflect the subsequent data -Work in process, starting of the month - 4,500 units; 1 / 3 completed at a cost of $2,400 for materials, $825 for labor, and $5,000 for overhead.
What is compensation expense related to the stock option plan in fiscal 2008
What is the most likely effect on the labor variances in the first month of this strike. the estimates of the variable and fixed components of repair cost would be
Find what is the net present value of this investment and evaluate the internal rate of return?
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