Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are presented with the following information for two independent situations.
(a) Spring Brangus Stud Pty Ltd is a private company operated solely by Phil Spring. Phil is also a shareholder of the company, along with his cousin, Robert Tyler. Phil and Robert started the company three years ago. Robert is not involved in the day to day running of the business, but handles the monthly book work. The company is very successful and currently only has one liability, a loan of $3 million to the ANZ Bank for a 10 year business loan. The gross sales revenue for the financial year ending 30 June 2012 was $1 million. The gross value of assets at 30 June 2012 was $8 million.
(b) Grams Health Services Ltd provides medical services to the general public, with a particular focus on indigenous clients. The company is limited by guarantee and has no shareholders. It has been operating for over 30 years and currently has 43 full-time employees. The gross sales revenue for the financial year ending 30 June 2012 was $17 million. The carrying value of assets at 30 June 2012 was $10 million and the accumulated depreciation was $3 million. The company does not currently have any liabilities apart from employee leave entitlements.
Required (approximately 800 words - 400 each scenario):
For each of the independent situations identified above, consider and conclude whether the entity is a reporting entity and whether it is required by the Corporations Act 2001 to prepare general purpose financial statements.
If the risk free rate is 4.0%, determine the expected return on this stock?
Prepare the end-of-month closing entries. Record these entries in the general journal and post them to the general ledger. Update balances in the general ledger accounts.
Why does a company choose to do an IPO? What are some major concerns for the issuing company? Do you think choosing the right investment bank is a key to the success of the IPO?
Give specific examples of accounting information that might be useful for cost leadership, differentiation and focus. Be sure to describe how each example might be used.
selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that
Variance analysis is used as a tool to evaluate performance.
Create a memo identifying as to which of the two (2) entity forms that Clara and Larry should select (considering both Tax and Nontax Factors).
In the current month, the company incurred $340,000 actual overhead and 39,000 actual labor hours while producing 19,500 units. Compute Earth Company’s overhead application rate for total overhead. Calculate Earth Company’s total overhead variance.
Determine the path followed by capital per worker and output per worker in the first 10 periods after z falls. Again, show this in a figure. D) What conclusions can you draw from your results in part a through c? Discuss
preparation of income statement using absorption and marginal costing.absorption and variable costing joan tyler
Corporate Social Responsibility is not a luxury anymore, it is a requirement of all firms no matter how big or small.
Classify Costs associated with manufacturing firms, merchandising firms or service firms
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd