Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. Under the terms of the contract, 12 Banners will pay Rothbart a total of $60,000, and 12 Banners can cancel the contract if it so chooses but must pay Rothbart for work completed. Rothbart believes that, if 12 Banners cancelled the contract, Rothbart could sell the bumper cars to another amusement park and still make a profit. The manufacturing contract is expected to last six months, and as of December 31, 2018, the job is 80% complete. How much revenue should Rothbart recognize in 2018 for this contract?
Luke sold a building at the la. on which the building sits to his wholly owned corporation, Studemont Corp., at fair market value. The fair market value of the building was determined to be $397,500; Luke built the builc109 several years ago at a cost of $342,500. Luke had claimed $53,000 of depreciation expense on the building. The fair market value of the land was determined to. $285,000 at the time of the sale; Luke purchased the land many years ago for 8141,000
a. What is the amount and character of Luke’s recognized gain or loss on the building,
Hauswirth Corporation sold (or exchanged) a warehouse in year 0. Hauswirth bought the warehouse several years ago for $84,000 and it has claimed $38,000 of depreciation expense against the building. (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Round your final answers to the nearest whole dollar amount.)
Required:
a. Assuming that Hauswirth receives $60,400 in cash for the warehouse, compute the amount and character of Hauswirth’s recognized gain or loss on the sale. b. Assuming that Hauswirth exchanges the warehouse in a like-kind exchange for some land with a fair market value of $60,400, compute Hauswirth’s realized gain or loss, recognized gain or loss, deferred gain or loss, and basis in the new land. c. Assuming that Hauswirth receives $33,500 in cash in year 0 and a $77,500 note receivable that is payable in year 1, compute the amount and character of Hauswirth’s gain or loss in year 0 and in year 1. (Round “Gross Profit Percentage” to 2 decimal places.)
Choose 2 companies within the same sector which are public listed in Malaysia and Europe that has incorporated the latest IFRS/MFRS. Compare both companies reporting on revenue recognition (presentations, recognition and disclosures).
Cool-IT Ltd. manufactures and sells air conditioning equipment to retailers across North America. In 2020, Cool-IT signed a two-year contract with BigMart Ltd. to supply it with 60,800 units at a price of $75 per unit. Cool-IT’s cost to manufacture these units is $51. The following schedule summarizes the production, delivery, and payments in relation to the contract. Production costs are recorded to inventory:
P-13-05 Name:
Section: Question 5 page 509-510
Enter the appropriate amount or item in the shaded cells. Use the drop-down lists when available.
An asterisk (*) will appear next to an incorrect entry in the outlined cells.
Enter any cash outflows and deductible values with minus sign.
1. Yong Company
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash flows from operating activities:
Adjustments to reconcile net income to net cash flows from operating activities:
Changes in current assets and current liabilities:
Net cash flows from operating activities
Cash flows from investing activities:
Net cash flows from investing activities
Cash flows from financing activities:
Net cash flows from financing activities
Cash or Stock
In the business world, firms acquire other companies all the time. However, the questions arise how is the merger paid for. In this Journal you will be looking at how outside ownership benefits from either accepting a cash buyout or stock in the parent company. Find a company that acquired a company for either cash or stock and answer the following questions:
- What is the name of the Parent and Subsidiary firm?
- What were the details of the acquisition?
- What was the immediate impact on each of the company’s stock price?
- What was the impact on each of the company’s stock price over the long run?
- Was the acquisition successful?
Your Journal response should consist of a minimum of 250 words.
Question
Write a 200- to 300-word short-answer response to the following: How is information used in the modern enterprise? How does this use affect IT systems?
1. Construct a pro forma income statement for the first year and second year for the following assumptions:
· Units of Sales in Year 1: 100,000
· Price per Unit: $10
· Variable cost per unit: 30%
· Fixed Costs: $120,000
· Income taxes: 15%
· Interest Expense: $200,000
· In year 2, Price per unit increases to $11.50, and unit of sales increases by 3%, all other assumptions remain the same.
2. Calculate the sustainable growth based on the following information:
· D= 30%
· ROE = 25%
3. Calculate a table of interest rates for 5 years based on the following information:
Note: When calculating the ' adjusted inflation' rates please use the method as outlined in the text.
· The pure interest rate is 2%
· Inflation expectations for year 1 = 3%, year 2 =4%, years 3-5 =5%
· The default risk is .1% for year one and increases by .1% over each year
· Liquidity premium is 0 for year 1 and increases by .2% each year
· Maturity risk premium is 0 for years 1 and 2 and .3% for years 3-5
4. Explain the importance of interest rates, and how risk is considered to businesses and economic activity. (300 Words)
Write a minimum of 300 -word analysis of the strengths and limitations of humanistic and existential theories in explaining individuals' behaviour. Address the following:
- Explain how humanistic theories influence interpersonal relationships
- flexible Budgeting
- What are the reasons to use a flexible budget? What is the major distinction between a static budget and a flexible budget? Illustrate the difference using a real-world example.
- ***** this is a discussion only need a couple paragraphs *********
Explain the importance of interest rates, and how risk is considered to businesses and economic activity.
Your response should be at least 250 words in length
2
- Construct a pro forma income statement for the first year and second year for the following assumptions:
- Units of Sales in Year 1: 110,000
- Price per Unit: $11
- Variable cost per unit: 30%
- Fixed Costs: $125,000
- Income taxes: 15%
- Interest Expense: $200,000
- In year 2, Price per unit increases to $11.50, and unit of sales increases by 5%, all other assumptions remain the same.
3
- Calculate the sustainable growth based on the following information:
• Earnings after taxes = $35,000
• Equity = $100,000
• d=22.4%
4
- Calculate a table of interest rates based on the following information:
- The pure interest rate is 1.6%
- Inflation expectations for year 1 = 3%, year 2 =3.5%, years 3-5 =5%
- The default risk is .1% for year one and increases by .2% over each year
- Liquidity premium is 0 for year 1 and increases by .2% each year
- Maturity risk premium is 0 for years 1 and 2 and .2% for years 3-5
Classify people you have observed in a public place or are a public event e.g. patients in a doctor' s waiting room shoppers in a specific store fans at particular sporting event kids on a playground,
Bill of Material for Office Table Final Assembly Support Assembly (1 required) Top Assembly (1 required) Wood Screw Center Support (1required) Side Support (2 required) Bracket (6 required) (48 required) Office Table Final Assembly 8/1 8/8 8/15 8/22 8/29 9/5 9/12 9/19 9/26 Gross Requirements Scheduled Receipts 500 300 400 600 800 300 Projected On-Hand Inv. 280 Net Requirements Planned Order Receipts Planned Order Releases Lead Time (in weeks) Lot Size 150 Table-Top Assembly Gross Requirements 8/8 8/1 8/15 8/22 8/29 9/5 9/12 9/19 9/26 Scheduled Receipts 170 Projected On-Hand Inv. 190 Net Requirements Planned Order Receipts Planned Order Releases Lead Time (in weeks) 1 Lot Size 60
(3) You are an Operations Manager who is looking to replace the current production line with a new one. You have 3 Production Plan to choose from, or you can remain on the current one. The existing production line costs $800,000 per year with an annual output of 4,000,000 units. Production Plan A costs $ 1,200,000 with an annual output of 8,000,000 units. Production Plan B costs $ 900,000 with an annual output of 5,000,000 units. Production Plan C costs $2,100,000 with an annual output of 10,000,000 units.
a. Please calculate the productivity of each Production Plan and explain which one is the most productive plan.
b. Assuming each unit sells for $1.25 on the market. What would be the total contribution for each production plan?
c. Which production plan will you choose considering both the productivity and profitability of each plan and explain why
Prepared Partnership prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 600 units to 1,800 units):
Sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40,000
Variable expenses. . . . . . . . . . . . . . . . . . 24,000
Contribution margin. . . . . . . . . . . . . . .. 16,000
Fixed expenses. . . . . . . . . . . . . . . . . . . . . 12,000
Net operating income. . . . . . . . . . . . . . . $ 4,000
Required:
What is the break-even point in unit sales?
please give step by step instructions