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QUESTIONS:

QUESTIONS:

1) Illustrate why in your opinion retailers with significant and long-term lease liabilities are
likely to be more affected by the new accounting standard for leases. Support your answer
with references from AASB117 Leases, your textbook, the resources presented above and
financial accounting articles and books.
2) Explain how the gearing ratio is usually calculated and why the new accounting standard for
leases might boost such ratio, forcing some companies to renegotiate debt contracts with
bankers. Support your answer with references from AASB117 Leases, your textbook, the
resources presented above and financial accounting articles and books.
3) Complete the following sentences with the data from the financial report 2014 pertaining to
Myer Holdings Limited, Harvey Norman Holdings Limited and Kathmandu Holdings
Limited:
In the financial year ending 30 June 2014
a) Myer has net debt around $ 348 million but the net present value of its lease liabilities
(i.e. operating leases liabilities with commitment later than one year) as disclosed in its
financial report is estimated to be around $.3.03 billion, so its total debt would jump to
$………………………
b) Harvey Norman has net debt of $……………………… but the NPV of its leases is around
$……………….., so total debt would rise to $………………………..
c) Kathmandu has net debt of $……………………….. but the NPV of its leases is around
$…………………., so total debt would rise to $………………………….
4) In relation to the answers provided in (3) identify which might be the company most affected
by the change in the accounting standard for lease and justify your answer with references
from AASB117 Leases, your textbook, the resources presented above and financial
accounting articles and books.


1) An accrued expense can best be described as an amount

A. not paid and currently matched with earnings.

B. not paid and not currently matched with earnings.

C. paid and currently matched with earnings.

D. paid and not currently matched with earnings.

2) When an item of revenue is collected and recorded in advance, it is normally called a(n) ___________ revenue.

A. cash

B. accrued

C. prepaid

D. unearned

3) When an item of expense is paid and recorded in advance, it is normally called a(n)

A. cash expense.

B. prepaid expense.

C. accrued expense.

D. estimated expense.

4) The information provided by financial reporting pertains to

A. an economy as a whole and to members of society as consumers, rather than to individual enterprises or industries.
B. individual business enterprises, rather than to industries or an economy as a whole or to members of society as consumers.
C. business industries, rather than to individual enterprises or an economy as a whole or to members of society as consumers.
D. individual business enterprises, industries, and an economy as a whole, rather than to members of society as consumers.

5) The two primary qualities that make accounting information useful for decision making are

A. reliability and comparability.

B. comparability and consistency.

C. materiality and timeliness.

D. relevance and reliability.

6) A common set of accounting standards and procedures are called

A. statements of financial accounting concepts.

B. financial accounting standards.

C. generally accepted accounting principles.

D. objectives of financial reporting.

7) The Financial Accounting Standards Board (FASB) was proposed by the

A. Special Study Group on establishment of Accounting Principles (Wheat Committee).
B. American Institute of Certified Public Accountants.

C. Accounting Principles Board.

D. Study Group on the Objectives of Financial Statements.

8) The major distinction between the Financial Accounting Standards Board (FASB) and its predecessor, the Accounting Principles Board (APB), is

A. a majority of the members of the FASB are CPAs drawn from public practice.
B. the FASB issues exposure drafts of proposed standards.

C. all members of the FASB are fully remunerated, serve full time, and are independent of any companies or institutions.
D. all members of the FASB possess extensive experience in financial reporting.

9) The Financial Accounting Foundation

A. works with the Financial Accounting Standards Advisory Council to provide informa-tion to interested parties on financial reporting issues.
B. oversees the operations of the FASB.

C. oversees the operations of the AICPA.

D. provides information to interested parties on financial reporting issues.

10) Which of the following would represent the least likely use of an income statement prepared for a business enterprise?

A. Use by customers to determine a company’s ability to provide needed goods and services.
B. Use by government agencies to formulate tax and economic policy.
C. Use by investors interested in the financial position of the entity.
D. Use by labor unions to examine earnings closely as a basis for salary discussions.

11) The single-step income statement emphasizes

A. the gross profit figure.

B. extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement.
C. the various components of income from continuing operations.

D. total revenues and total expenses.

12) Which of the following is not a generally practiced method of presenting the income statement?

A. Including prior period adjustments in determining net income
B. The consolidated statement of income

C. Including gains and losses from discontinued operations of a component of a business in determining net income
D. The single-step income statement

13) The process of formally recording or incorporating an item in the financial statements of an entity is

A. allocation.

B. realization.

C. recognition.

D. articulation.

14) Dot Point, Inc. is a retailer of washers and dryers and offers a three-year service contract on each appliance sold. Although Dot Point sells the appliances on an installment basis, all service contracts are cash sales at the time of purchase by the buyer. Collections received for service contracts should be recorded as

A. service revenue.

B. a reduction in installment accounts receivable.

C. a direct addition to retained earnings.

D. deferred service revenue.

15) In selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be

A. the terms of payment in the contract.

B. the method commonly used by the contractor to account for other long-term construc-tion contracts.
C. the inherent nature of the contractor’s technical facilities used in construction.
D. the degree to which a reliable estimate of the costs to complete and extent of progress toward completion is practicable.

16) The balance sheet contributes to financial reporting by providing a basis for all of the following except

A. computing rates of return.

B. determining the increase in cash due to operations.

C. assessing the liquidity and financial flexibility of the enterprise.

D. evaluating the capital structure of the enterprise.

17) The correct order to present current assets is

A. Cash, accounts receivable, prepaid items, inventories.

B. Cash, inventories, accounts receivable, prepaid items.

C. Cash, inventories, prepaid items, accounts receivable.

D. Cash, accounts receivable, inventories, prepaid items.

18) The amount of time that is expected to elapse until an asset is realized or otherwise converted into cash is referred to as

A. solvency.

B. exchangeability.

C. liquidity.

D. financial flexibility.

19) Events that occur after the December 31, 2008 balance sheet date (but before the balance sheet is issued) and provide additional evidence about conditions that existed at the balance sheet date and affect the realizability of accounts receivable should be

A. discussed only in the MD&A (Management’s Discussion and Analysis) section of the annual report.
B. used to record an adjustment directly to the Retained Earnings account
C. used to record an adjustment to Bad Debt Expense for the year ending December 31, 2008.
D. disclosed only in the Notes to the Financial Statements.

20) The focus of APB Opinion No. 22 is on the disclosure of accounting policies. This information is important to financial statement readers in determining

A. net income for the year.

B. whether the working capital position is adequate for future operations.
C. the value of obsolete items included in ending inventory.

D. whether accounting policies are consistently applied from year to year.

21) Which of the following should be disclosed in a Summary of Significant Accounting Policies?

A. Types of executory contracts

B. Depreciation method followed

C. Claims of equity holders

D. Amount for cumulative effect of change in accounting principle

22) Which of the following best characterizes the difference between a financial forecast and a financial projection?

A. Forecasts include a complete set of financial statements, while projections include only summary financial data.
B. A forecast includes data which can be verified about future expectations, while the data in a projection is not susceptible to verification.
C. A forecast attempts to provide information on what is expected to happen, whereas a projection may provide information on what is not necessarily expected to happen.
D. A forecast is normally for a full year or more and a projection presents data for less than a year.

23) Companies should disclose all of the following in interim reports except

A. basic and diluted earnings per share.

B. seasonal revenue, cost, or expenses.

C. post-balance-sheet events.

D. changes in accounting principles.

24) A financial forecast per professional pronouncements presents to the best of the responsible party’s knowledge and belief,

A. an entity’s expected financial position, results of operations, and cash flows.
B. an assessment of the company’s ability to be successful in the future under a number of different assumptions.
C. given one or more hypothetical assumptions, an entity’s expected financial position, results of operations, and cash flows.
D. an assessment of the company’s ability to be successful in the future.

25) The payout ratio is calculated by dividing

A. dividends per share by earnings per share.

B. cash dividends by net income less preferred dividends.

C. cash dividends by market price per share.

D. cash dividends by net income plus preferred dividends.

26) The calculation of the number of times interest is earned involves dividing

A. net income by annual interest expense.

B. net income plus income taxes by annual interest expense.

C. none of these.

D. net income plus income taxes and interest expense by annual interest expense.

27) The rate of return on common stock equity is calculated by dividing

A. net income by average common stockholders’ equity.

B. net income less preferred dividends by average common stockholders’ equity.
C. net income less preferred dividends by ending common stockholders’ equity.
D. net income by ending common stockholders’ equity.

28) A company borrows $10,000 and signs a 90-day nontrade note payable. In preparing a statement of cash flows (indirect method), this event would be reflected as a(n)

A. addition adjustment to net income in the cash flows from operating activities section.
B. cash outflow from investing activities.

C. cash inflow from financing activities.

D. cash inflow from investing activities.

29) An increase in inventory balance would be reported in a statement of cash flows using the indirect method (reconciliation method) as a(n)

A. addition to net income in arriving at net cash flow from operating activities.
B. deduction from net income in arriving at net cash flow from operating activities.
C. cash outflow from financing activities.

D. cash outflow from investing activities.

30) Of the following questions, which one would not be answered by the statement of cash flows?

A. Where did the cash come from during the period?

B. What was the cash used for during the period?

C. What was the change in the cash balance during the period?

D. Were all the cash expenditures of benefit to the company during the period?


his paper is in APA format with twn sources and it’s 2200 words (8pages). It answers the questions below.

Teams

Given the critical role that teams play in today’s work environment, identify two qualities of team leaders that contribute to successful leadership and support your choices with peer-reviewed literature.
For each leadership quality that you selected, identify and explain one strategy that organization leaders could implement to develop that quality in their team leaders in order to achieve maximum performance.
What are the advantages of the chosen qualities? What are the disadvantages?
Use scholarly academic literature to support your responses and APA style. Proquest is a great source to find references.

The flow of the paper should be as follows: (the 3 main questions above should follow this flow below)

Abstract – what is this paper about
Introduction
Main Idea
Explain
Analyze
Conclude
References


I attached two files, one is questions and one is notes that you can reference.

Document Preview:

1.

a.
Yes.

b.
No.

c.
Maybe.

d.
Not enough information.
2. If a trade takes place, who will purchase water?

a.
User 1 will purchase water from User 2.

b.
User 2 will purchase water from User 1.

c.
Both User 1 and User 2 will purchase water.

d.
Neither User 1 or User 2 will purchase water.
3. How much is the person is the person who is selling water willing to accept? 
WTA = $ ?
4. How much is the person who is purchasing water willing to pay? 
WTP = $ ? 
5. If a trade takes place and the two users meet in the middle on a price, what price will they settle on? P=$[x]
6. Given the above information in the chart, how many trades take place?

a.
0

b.
1

c.
2

d.
3

e.
Not enough information.

Attachments:

1.docxNotes-Ch9.pdf


2. Why is the HRM role so much more complex, and important, in the international context?

 

3. Explain the common causes of expatriate failure. What are the major success factors for expatriates? Explain the role and importance of each.

 

4. What are the common training techniques for managers going overseas? How should these vary as appropriate to the level of globalization of the firm?

 

5. Explain the balance sheet approach to international compensation packages. Why is this approach so important? Discuss the pros and cons of aligning the expatriate compensation package with the host- country colleagues compared to the home- country colleagues.

 


 

Part 1

 

In your initial post of at least 200-250 words, summarize each of the three parties’ policy goals in your issue area.  Compare and contrast the parties’ goals in that area. Evaluate each party’s goals from two perspectives:

 


I wantyou to answer those questions, I uploaded tow files, one of them is the front page of the course book, and the second one is the questions.The course is Principles of Financial Acct – ACTG_201

Attachments:

Accounting-20….pdfThe-fornt-pag….pdf


What is the relationship between arousal and behavior? Does this relationship impact performance and affect? At least 250 words What are the long-term and short-term effects of stress on the body, brain, and behavior? At least 250 words Answer are to remain private please.


Firm A has $10,000 in assets entirely financed with equity. Firm B alsohas $10,000 in assets, but these assets are financed by $5,000 in debt(with a 10 percent rate of interest) and $5,000 in equity. Both firms sell10,000 units of output at $2.50 per unit. The variable costs of productionare $1, and fixed production costs are $12,000. (To ease the calculation,assume no income tax.)a. What is the operating income (EBIT) for both firms?b. What are the earnings after interest?c. If sales increase by 10 percent to 11,000 units, by what percentagewill each firm’s earnings after interest increase? To answer the question,determine the earnings after taxes and compute the percentageincrease in these earnings from the answers you derived in part b.d. Why are the percentage changes different?


Why is Goodwill no longer amortized?  What FASB Statement dictated as such?

(2)  Since Goodwill is no longer amortized, how is it’s ‘book value’ measured?  B

 


IF YOU CANT COMPLETE IT AND MEET DEADLINE, THEN DONT SEND AGREEMENT!!!

 

Answer questions that are included in attachment. 
Attachments: 

wk1_2_questions.doc


 

What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Are derivatives a good investment? Explain why or why not.

 

 

 

Why do companies make investments in other companies? What are the differences between debt and equity investments? What would influence a company to choose equity or debt as an investment?

 

 

 

How do the various classifications of investments affect financial statements? What is the rationale behind the different accounting methods for the various investment classifications? Which is more important when determining the accounting methods for securities, influence or ownership? Explain why.

 

 

 


 

 

Read and Annotate Mirabelli, “Learning to Serve” (See below) and respond to questions
Attachments: 

mirabelli-learningtoserve.pdf

mirabellihomework.docx


1.A researcher computed the F ratio for a four-group experiment. The computed F is 4.86. The degrees of freedom are 3 for the numerator and 16 for the denominator.

  1. Is the computed value of F significant at p < .05? Explain.
  2. Is it significant at p < .01? Explain

2. Explain the difference between a t test for independent groups and a t test for matched groups.


Explain the basic principles involved in establishing a site layout for a spill or release response. In your response, include the requirements for air and personnel monitoring.

 

Hazards can be separated into three basic types: physical, chemical, and natural. Consider the hazards that are present at your local gas station, and put them into one of the three categories, listing at least one hazard for each category. Analyze one of the hazards for possible outcomes using the framework of the General Behavior Model in Figure 1 of the textbook (page 60

 

Compare and contrast the four levels of protection used during spill response and cleanup activities. In your discussion, provide an example of a spill or cleanup scenario for each level

 

As a container of hazardous materials is being unloaded from a delivery truck, the container is dropped and the package begins to leak. Is this a transportation accident? Why, or why not? Explain the actions required to be taken by the driver in such a scenario


 

1. A 12 m long bar, when heated from 20 °C to 70 °C, becomes 12.008 m long. Calculate the linear expansion coefficient of that bar.

 

 

 

2. The Linear expansion coefficient of steel is 11*10-6 °K-1. If a cube of steel, with side length 4 m, is heated by 120 °K, what will be its new volume?

 

 

 

3. Given the ideal gas law PV = nRT with R = 8.3 J/(°K*mol), calculate the volume of one mol of air at 20 °C and 1*105 Pa. (Warning: in the equation, T is expressed in Kelvin).

 

 

 

4. Given the two temperatures T1 = 40 °C and T2 = 80 °C, first convert them into °K then calculate the three quantities:  T1 – T2  ;   T1 / T2   ;   ln(T1/ T2); (the last is the natural logarithm).

 


Question description

**Levi McArthur graduated with a masters of accountancy degree and has accepted a staff accounting position with a firm; he will receive a salary of $50,000. The firm guarantees that Levi will receive a 5 to 9 percent raise each year for the next five years depending on his performance. What will Levi’s salary be in five years if he gets a 5 percent raise each year? What would his salary be in five years if the annual raise is 9 percent? P11.2 The Grooms Diner has just purchased a counter and stools for $45,000. Nick paid $5,000 down and is going to borrow the remaining $40,000. The Manhattan National Bank will loan him the money for four years if he agrees to make monthly payments. Lo2  A. What are the monthly payments if the bank charges 5 percent interest?  B. What are the monthly payments if the bank charges 7 percent interest?  C. What are the monthly payments if the bank charges 9 percent interest?P11.3. **Michael Paul wants to start his own business when he graduates from college in three years and he needs $600,000 to do so. How much money must he put aside today under the following conditions? Lo2  A. He can earn 8 percent compounded semiannually.  B. He can earn 8 percent compounded annually.  C. He can earn 8 percent compounded quarterly.Introduction to Accounting: An Intergrated Approach Chapter 11


Question description

Ethical guidelines require psychologists to be knowledgeable about social and ethnic diversity issues with the clients they serve.How does a psychologist ethically and competently work with populations that are ethnically/culturally different from him/herself?200 wordsAs our society becomes increasingly socially, economically, culturally, and ethnically diverse, what challenges will this present to the practice of professional psychology?200 words


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