ACCT19060 T1 2017 Assessment task 2: Part B — Assignment Due date: Monday of Week 9 [11:45pm  [AEST]  8 May 2017] ASSESSMENT Weighting:   20%   2 Objectives This assessment item relates to the unit learning outcomes 3 and 5. Details and instructions This is the second part of assessment task 2. Similar to Part A, you can choose to do Part B either as an individual or you can pair up with another student currently enrolled in the unit. This student may be the same student you paired up for Part A or can be a different student. For administration purposes, you must email the Unit Coordinator (UC) if you intend to work in a pair by 4pm on Monday 1…

The comparative statement of financial position and statement of profit or loss of HUSKY Ltd for the year ended 30 June 2017 are as follows:   HUSKY Ltd Statement of Financial Position as at 30 June 2017 2017 2016 Current assets Cash at bank $   402 000 $   70 000 Cash deposits (30-day) 80 000 30 000 Accounts receivable 181 000 75 000 Allowance for doubtful debts (10 000) (5 000) Interest receivable 5 000 3 000 Inventories 146 000 200 000 Prepayments          4 000     7 000      808 000   380 000 Non-current assets Land 120 000 100 000 Plant 710 000 600 000 Accumulated depreciation (190 000) (140 000) Investment in associate 97 000 80 000 Brand names       90 000…

Trimester 1, 2017 Assignment ACC705 Accounting Corporate and Reporting  Question 1    Consolidation worksheet entries   On 1 July 2015, Zack Ltd acquired all the issued shares (ex div.) of William Ltd for $227 500. At this date the equity of William Ltd consisted of:                           Share capital              $ 150 000                        General reserve          34 000                         Retained earnings       20 000      At acquisition date, William Ltd reported a dividend payable of $8000. All the identifiable assets and liabilities of William Ltd were recorded at amounts equal to their fair values except for:                                                               Carrying amount        Fair value Plant (cost $200 000)                         $175 000         …

Please provide answers to the following problems using Excel. For your Excel answer, please follow the Excel format and functions presented in Chapter 5 of the textbook.   Suppose today is July 1, 2010, and you deposit KD 3,000 into an account today. Then you deposit KD 1,500 into the same account each July 1, beginning in 2011 and continuing until the last KD 1,500 deposit is made on July 1, 2016. Also, assume you withdraw KD 5,000 on July 1, 2018. Assuming a 7% annual compound interest rate, what will be the balance in the account at the end of July 1, 2020? (hint: find the present value for CFs then the future value for lump sum)   Sara is…

Given the profit loss (income statement) and balance sheet for Sam's Sandwich Delivery (Table 4-8), answer the following: Calculate the following ratios: current, quick, accounts receivable turnover, fixed asset turnover. Using the inventory figure on the balance sheet as average inventory, calculate the inventory turnover ratio. Calculate the debt-to-equity ratio, debt-to-total asset ratio, and operating profit margin ratio. Perform a vertical analysis of the income statement. Perform a vertical analysis of the balance sheet.

Company Accounting (ACC20013) Assignment 1: Annual Reports Paradise Ltd is involved in the computer services industry. Rental vehicles are used for delivery and service of computers. The company’s head office, which houses its administrative staff, is located on a prime piece of real estate in the local township. The following unadjusted trial balance is for the year ended 30 June 2017: Paradise LTD Unadjusted Trial Balance as at 30 June 2017 Debit Credit Bank overdraft            178,050 Vehicle rental expenses              72,000 Cash at bank                 7,500 Investment in government bonds            150,000 Goodwill              24,000 Interest revenue                 4,800 Insurance expense                 3,000 Land            230,000 Buildings         1,000,000 Office furniture and equipment            127,000 Retained earnings (1/7/16)              83,000 Revaluation surplus             …

BBAC501 Assignment: (Groups of 2 students) (Total Marks 15) Due Date: Session 5.2 Quality Watches Company (QWC) manufactures different brands of a hand watch in Bangkok, Thailand. The company's accountant, Tony Blake, has just received the sales forecast for the coming year for QWC's three watch products: QW-Orient, QW-Fossil, and QW-Citizen. QWC has experienced considerable discrepancy in sales volumes and variable costs over the past two years, and Bernard believes that the forecast should be cautiously assessed from a cost-volume-profit perspective. The initial budget data for the year 2017 is as follows. QW-Orient QW-Fossil QW-Citizen Total Sales units 5,000 5,000 10,000 20,000 Total Sales Revenue $400,000 $500,000 $2,000,000 $2,900,000 Total variable manufacturing costs $150,000 $200,000 $600,000 $950,000 Total variable selling & Admin. costs $60,000 $80,000 $200,000 $340,000…

Question 1: Cash Flow statement (42 marks) Easy Fit LTD Statements of Financial Position as at 30 June 2016 2017 Cash at bank 20,000 257,495 Accounts Receivable 75,000 115,596 Inventory 72,000 147,803 Furniture and fittings 100,000 61,385 Acc. depn – furniture and fittings -30,000 70,000 -20,000 41,385 Buildings 330,000 430,000 Acc. depn – buildings -80,000 250,000 -110,000 320,000 Total assets 487,000 882,279 Accounts Payable 40,000 110,111 Current tax liability 7,500 17,000 Loan due 2017 — 255,008 Share capital 400,000 420,000 Retained earnings 39,500 80,160 Total liabilities and equity 487,000 882,279   Easy Fit LTD Statement of Profit or Loss for the year ended 30 June 2017 Income Sales revenue $480,000 Rent revenue 14,000 Discount received 1,630 $495,630 Expenses Cost of sales…

ACC202 MANAGEMENT ACCOUNTING The Citrus Company  produces quality fruit.  It has been producing and selling 40,000 boxes per month during the Spring and Summer months. During  the Autumn and Winter months it has been noticed that only 30,000 boxes are sold.The Citrus Company  provides the following information and has asked you to provide advice on the issues raised in each of the following parts: Manufacturing costs Direct material                                                         $4.00 per box Direct labour                                                               2.00 per box Variable overhead                                                      0.80 per box Fixed overhead                                                         $10,000 Marketing costs Variable                                                                       $0.50 per unit Fixed                                                                            $15,000 The Citrus Company  has been selling these boxes of fruit  for $9.50 each and has asked you to provide answers to the following.Each part is to be considered  independently…