1-)AS

1-)AS

Short Grass Incorporated is a distributor of golf balls. Martin’sGolf Supplies is a local retail outlet which sells golf balls.
Short Grass Incorporated is a distributor of golf balls. Martin’sGolf Supplies is a local retail outlet which sells golf balls. Martin’s purchases the golf balls from Short Grass Incorporated at R1.15 per ball; the golf balls are shipped in cartons of 52. Short Grass Incorporated pays all incoming freight, and Martin’s Golf Supplies does not inspect the balls due to Short Grass’ reputation for high quality. Annual demand is 157,520 golf balls at a rate of 3291 balls per week.

An entity capitalises borrowing costs on the construction of property,plant and equipment (PPE). On 1 July 2015, the entity purchased
An entity capitalises borrowing costs on the construction of property,plant and equipment (PPE). On 1 July 2015, the entity purchased land for the construction of a new factory and borrowed £10 million at 9% annual interest on that date to finance the construction. Construction commenced on 1 August 2015, and the factory was completed and ready for use on 1 March 2016. Production started in the factory on 1 May 2016.How much interest can be capitalised in PPE as a result of this construction in the year ended 30 June 2016?

Bonita Landscaping Limited has determined that its lawn maintenancedivision is a cash-generating unit under IFRS. The carrying amounts of the
Bonita Landscaping Limited has determined that its lawn maintenancedivision is a cash-generating unit under IFRS. The carrying amounts of the division’s assets at December 31, 2020, are as follows:Land$27,000Building52,000Equipment32,000Vehicles22,000$133,000The lawn maintenance division has been assessed for impairment and it is determined that the division’s value in use is $119,700, fair value less costs to sell is $88,000, and undiscounted future net cash flows are $157,000.Q )1) Prepare the journal entry, if any, to record the impairment at December 31, 2020, assuming that the division’s only individual asset that has a determinable recoverable amount is the building, which has a fair value less costs to sell of $48,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 5,275.)Q2)Assume that Bonita prepares financial statements under ASPE instead, and that the lawn maintenance division is an asset group. Determine if the asset group is impaired and prepare the journal entry, if any, to record the impairment at December 31, 2020, assuming that none of the individual assets in the division has a determinable recoverable amount. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.)Date

You are the CEO of Cardinal Company (a small handheld technology firm) and have just been briefed on a promising
Accounting Assignment Writing ServiceYou are the CEO of Cardinal Company (a small handheld technology firm) and have just been briefed on a promising new product with projected cash flows detailed below. Discuss your assessment of this project’s viability and profitability. Explain the principles of evaluating cash inflows and outflows. Calculate payback period, total return on investment, internal rate of return, and net present value. State any assumptions (i.e. discount rate). Explain your reasoning behind those assumptions.(10 Points)

Derby Phones is considering the introduction of a new model of headphoneswith the following price and cost characteristics. Sales price
Derby Phones is considering the introduction of a new model of headphoneswith the following price and cost characteristics. Sales price $20per unitVariable costs 6 per unitFixed costs 20,000 per month Assume that the projected number of units sold for the month is 6,000. Consider requirements (b), (c), and (d) independently of each other. Required:a. What will the operating profit be?b. What is the impact on operating profit if the sales price decreases by 10 percent? Increases by 20 percent?c. What is the impact on operating profit if variable costs per unit decrease by 10 percent? Increase by 20 percent?d. Suppose that fixed costs for the year are 10 percent lower than projected, and variable costs per unit are 10 percent higher than projected. What impact will these cost changes have on operating profit for the year? Will profit go up? Down? By how much?Can I please have a break down on how to break it all down? I have referred to equations but never get the right answer!

A business sells real property for $950,000, with $600,000 of thisamount being allocated to the building and the remaining $350,000
A business sells real property for $950,000, with $600,000 of thisamount being allocated to the building and the remaining $350,000 allocated to the land. The building, the only asset in its Class, had a capital cost of $800,000 and a UCC of $650,000. The adjusted cost base of the land was $250,000. What are the tax consequences of this disposition?a) A capital gain of $100,000 and a terminal loss of $50,000.b) A capital gain of $50,000 and a terminal loss of nil.c) A capital gain of $100,000 and a capital loss of $50,000.d) A capital gain of $50,000 and a terminal loss of $50,000.which one is correct?

Chapter 10Common stock value based on PV calculations aD1D2D3D4D1bcP4(D5D4d4edP0fBeasley Ball Bearings paid a $4 dividend last year. The dividend is
Chapter 10Common stock value based on PV calculations aD1D2D3D4D1bcP4(D5D4d4edP0fBeasley Ball Bearings paid a $4 dividend last year. The dividend is expected to grow at a constant rate of 2 percent over the next four years. The required rate of return is 15 percent (this will also serve as the discount rate in this problem). Round all values to three places to the right of the decimal point where appropriate.. Compute the anticipated value of the dividends for the next four years. That is, compute , , , and —for example, is $4.08 ($4 × 1.02).. Discount each of these dividends back to present at a discount rate of 15 percent and then sum them.. Compute the price of the stock at the end of the fourth year ().is equal to times 1.02.). After you have computed P, discount it back to the present at a discount rate of 15 percent for four years.. Add together the answers in part b and part to get , the current value of the stock. This answer represents the present value of the four periods of dividends, plus the present value of the price of the stock after four periods, (which, in turn, represents the value of all future dividends).. Use Formula 10-8 to show that it will provide approximately the same answer as part e. For Formula 10-8, use D1 = $4.08, Ke = 15 percent, and g = 2 percent. (The slight difference between the answers to part e and part f is due to rounding.)g. If current EPS were equal to $4.98 and the P/E ratio is 1.2 times higher than the industry average of 6, what would the stock price be?h. By what dollar amount is the stock price in part g different from the stock price in part f?i. In regard to the stock price in part f, indicate which direction it would move if (1) D1 increases, (2) Ke increases, and (3) g increases.

The Penny Worth Company produces rubber seals used in the aerospaceindustry. Standards call for 3 pounds of material at $2.45
The Penny Worth Company produces rubber seals used in the aerospaceindustry. Standards call for 3 pounds of material at $2.45 per pound for each seal. The standard cost for labor is 1.5 hours at $15.00 per hour. Standard overhead is $10.00 per unit. For the year 2018, expected production is 136,300 seals with fixed overhead of $136,300 and variable overhead of $9.00 per seal. During 2018, a total of 125,000 seals were produced. The company purchased 455,000 pounds of material for $1,160,250. Production required 405,700 pounds of material. The cost of direct labor incurred was $2,900,000 with an actual average wage rate of $15.25 per hour. Actual overhead for the year was $844,000.Determine the standard cost per seal. (Round answer to 2 decimal places, e.g. 15.25.)Standard cost per seal$Calculate the material, labor, and overhead variances. (Round intermediate calculations to 2 decimal places, e.g. 14.37 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)Material Price Variance$ FavorableNeither Unfavorable nor FavorableUnfavorableMaterial Quantity Variance$ Neither Unfavorable nor FavorableUnfavorableFavorableLabor Rate Variance$ UnfavorableFavorableNeither Unfavorable nor FavorableLabor Efficiency Variance$Neither Unfavorable nor FavorableUnfavorableFavorableControllable Overhead Variance$ UnfavorableFavorableNeither Unfavorable nor FavorableOverhead Volume Variance $FavorableNeither Unfavorable nor FavorableUnfavorableprepare a variance summary. (Enter unfavorable variances using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Material Price Variance $Material Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceControllable Overhead VarianceOverhead Volume VarianceTotal $Indicate which variances should be investigated.Need to be investigated (Select Yes or No)Material Price Variance YesNoMaterial Quantity Variance YesNoLabor Rate Variance YesNoLabor Efficiency Variance YesNoControllable Overhead Variance YesNoOverhead Volume Variance YesNo

Qualitative factors are non-financial in nature but are importantfor management to consider when making decisions. Reflecting on a company for
Qualitative factors are non-financial in nature but are importantfor management to consider when making decisions. Reflecting on a company for which you have worked (or are otherwise familiar), describe three qualitative factors that would be important for management decision-making. Then, assess each of them in order of importance. Given your assessment, justify a situation where the qualitative factors would outweigh the quantitative results.

You must choose ALL THE CORRECT ANSWERS, NOT JUST ONE OF THEM. THERE ARE THREE CORRECT ONES! Do web search
You must choose ALL THE CORRECT ANSWERS, NOT JUST ONE OF THEM. THERE ARE THREE CORRECT ONES! Do web search for APV–Adjusted Present Value”. The conventional APV approach sometimes yields a higher value for a GROWING business than the cost of capital (DCF) approach because it views tax savings from debt as less risky than operating profits, AND the cost of capital approach also adjusts the cost of capital upward for a debt burden that will likely grow as sales increase, and as debt as a percentage of total capital stays constant.A. True, because a growing firm, if it is to maintain a constant debt-total assets ratio, will issue more bonds. And this will assume, perhaps, more risk to be incorporated into the WACC.B. False, because a growing firm, if it is to maintain a constant debt-total assets ratio, will issue more bonds. And this will assume, perhaps, that the WACC drops, and that the unlevered beta is the same as the levered beta.C. True, because a growing firm, if it is to maintain a constant debt-total assets ratio, will issue more bonds. And this will raise the present value of the tax savings from deducting interest.D. APV will value a company more highly if the analyst under-estimates bankruptcy costs.