Category: Accounting

NO plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Q1. M Corp. makes a loan to N Co. and receives in exchange a three-year, SR 15,000 note bearing interest at 10 percent annually. The market rate of interest for a note of similar risk is 12 percent.
Required: (4 Marks)
a.How does M Corp record the receipt of the note using present value?
b.Imagine the same note at zero bearing and pass journal entries using present value.
(Note: PV of Interest at 12% is 2.40183 and PV of Principal at 12% is .71178)
Answer:
Q2. XYZ Company’s record of transactions for the month of September was as follows.
Purchase
Sales

Date
Quantity
Unit Price
Date
Units

Sep 1
(Balance on hand) 100
$4.00
Sep 5
200

Sep 4
300
4.50
Sep 12
150

Sep 11
200
5.00
Sep 27
600

Sep 18
200
5.25
Sep 28
200

Sep 26
500
5.50

Sep 30
200
5.75

Total
1,500

1,150

Total units (ending inventory) 350

Required: (4 Marks)

Compute the ending inventory and COGS at September 30 on each of the following on periodic bases.
1. FIFO
2. WA
Answer:

Q3 IFRS requires capitalizing actual interest (with modification) Consistent with historical cost. Capitalization considers three items:
1.Qualifying assets.
2.Capitalization period.
3.Amount to capitalize.
Explain the above with numerical examples. (4 Marks)

Answer:

Q4 A long-lived tangible asset is impaired when a company is not able to recover the asset’s carrying amount either through using it or by selling it. The management to identify whether the asset has impairment or no impairment conducts an impairment test.
Explain how the impairment test conducted in both situations with numerical examples. (3 Mark)
Answer:

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted

The first duty must be to create our report
It means.. for the leader to tell each member what he did or contributed to the group, for each member to write in the group what he did in it. I will give you the names and you write at each name what he did in it instead of writing fictitious names of your own..
Names (the leader’s name is Mai)
The rest of the names (Israa – Wejdan – Noura – Shamma)
The second task is making a presentation
To talk in general about the impact of one of Chapter 16’s topics on responsibility
Social (You must choose from Chapter 16 only)
The second thing is to look for a comparison in Chapter 16 and talk about it and compared it in the previous topic
—-
The number of slides in the presentation should be brief (not a lot of talking) (preferably 8 slides) and provide comprehensive information.
—-The reference (book) must be written last .
Eldenburg, L. G., & Wolcott, S. K. (2011). Cost Management: Measuring, Monitoring, and Motivating Performance. Wiley.

Please complete the assignment today. I want a clear solution according to the conditions mentioned. Pay attention to the similarity and the style of artificial intelligence in the answers.

Instructions:
– Make the work clear and well presented.
– You must mention question number clearly in the answer
– Avoid plagiarism, the work should be in your own words, copying from other resources without proper referencing is not accepted.
– All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
– All references must be cited using APA format. This includes both in-text citations and the reference list at the end of the document.

Please complete the assignment today. I want a clear solution according to the conditions mentioned. Pay attention to the similarity and the style of artificial intelligence in the answers.

Avoid plagiarism
Avoid plagiarism
Avoid plagiarism
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted

Instructions:
– Make the work clear and well presented.
– You must mention question number clearly in the answer
– Avoid plagiarism, the work should be in your own words, copying from other resources without proper referencing is not accepted.
– All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
– All references must be cited using APA format. This includes both in-text citations and the reference list at the end of the document.

All answers must be typed usingTimes New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.

HM 322 Cost control Assignment 2 Title: Income Statement Problem 1- Based on the following information: Sales $875,000
Sales Allowances $25,000
Cost of Sales $276,250
Labor Cost $51,000
Operating Costs $395,250
Income Taxes $42,500

Determine (demonstrate formulas used):Net sales; sales allowances percentage; cost of sales percentage; gross profit; gross profit percentage; mark up percentage; operating cost percentage; operating profit; net profit; net profit percentage 2- Based on the following information: RoomsFoodsBeverages
Sales revenue$250,000$120,000$80,000
Cost of sales$50,000$36,000$13,600
Labor Cost$62,500$30,000$19,200
Operating Expenses$87,500$41,400$22,800
Determine (demonstrate formulas used):The percentage of sales revenue provided by each division
The cost of sales percentage to each division
The gross profit to each division
The operating profit to each division
Instruction for the assignment:Instruction for writing: A word file A4 pages printed and deliveredType of writing style (Times New Roman) font size (14), Line space (1.5), Portrait Layout Justified. Also, a soft copy A4 word file named A2-your ID No. and delivered to the Course Leader.Deadline: Sunday, 28th April, 2024 during class timeGrades assigned: 10 Marks You should have a cover page for your assignment involving the following information: Course Name and its Code; Assignment Title; Student Full Name; Student ID No.;
تم النشر: الأحد ١٨ فبراير, ٢٠٢٤ ١١:٠٤:٢٩ ص ASTHM 322 Cost control Assignment 1 Title: Cost Accounting in Hospitality IndustryExplain and discuss the importance of cost accounting in hospitality operations with an emphasis on the following points:Cost accounting identification in hospitality operations.
Purposes of cost accounting in hospitality operations.
Importance of cost management in decision making and control.
The hospitality manager’s role in cost control.
Instruction for the assignment: Instruction for writing: A word file A4 pages printed and deliveredType of writing style (Times New Roman) font size (14), Line space (1.5), Portrait Layout Justified, 30 lines a page, and each point should be covered in one page at minimum or two pages at maximum, i.e. 4-8 pages to cover the four points in addition to one page—a cover page at beginning, and another one for list of references used at the end. Also soft copy A4 word file named A1-your ID No. and delivered to the Course Leader.Deadline: Sunday, 3rd March, 2024 during class time.Grades assigned: 10 Marks You should have a cover page for your assignment involving the following information: Course Name and its Code; Assignment Title; Student Full Name; Student ID No.; Submitted to whom, Date of SubmissionA list of References used should be added by the end of Assignment