CASE 1

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Please send to my email add: Mhardzpurple@yahoo.com Name Date Email Add: CHAPTER 1 TEN-MINUTE QUIZ Circle the letter of the best response. 1. The primary objective of financial reporting is to provide information A. In an ethical manner. B. To the professional accounting associations. C. To people outside the company for making decisions. D. Useful to managers in making daily decisions. It is vital that company accountants and their auditors behave in a(n) A. professional 2. manner. B. ethical C. prudent D. elitist 3. Which of the following statements is false? A. The proprietorship form of business organization protects the personal assets of the owners from creditors of the business. B. A proprietorship has a single owner. C. Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers. D. The Accounting Standards Board sets the rules for how accounting is practised in Canada. 4. Level…

Auditing || fall20 Dashboard My courses  ACCT4141_iram_fall20 WEEK 7: 25 OCTOBER - 31 OCTOBER  Case study 2 Separate groups: 5 My Submissions Case 2 Title Start Date Due Date Post Date Marks Available Case study 2 - Case 2 27 Oct 2020 - 08:00 28 Oct 2020 - 06:00 28 Oct 2020 - 19:00 100 Summary: On Chapters 9, 10, and 11:   The YuRaeKa charity was established in 1960. The charity’s aim is to provide support to children from disadvantaged backgrounds who wish to take part in sports such as tennis, badminton, squash, basketball and football.       YuRaeKa has a detailed constitution[1] which explains how the charity’s income can be spent. The constitution also notes that administration expenditure cannot exceed 10% of income in any year.       The charity’s income is derived wholly from voluntary donations. Sources of donations include:   (i) Cash collected by volunteers asking the public for donations in shopping areas,   (ii) Cheques sent to the charity’s head office,   (iii) Donations…

Please solve this problem ASAP! Auditor You are an audit senior in Planet and Co and you are commencing the planning of the audit of this new client, Sunshine Co, for the year ending 31 August 2020. Client data A sandals manufacturer, Sunshine Company in business for 30 years, with a production facility, warehouse and administration offices operating from one central site. Sunshine sells all of its goods to large retail stores, with 60% being to one large chain store Shoetings. Sunshine has a one year contract to be the sole supplier of sandals to Shoetings. It secured the contract through significantly reducing prices and offering a four-month credit period; the company’s normal credit period is one month. Operations Two years ago Sunshine reduced the level of goods directly manufactured and instead started to import sandals from East Asia; approximately 60% is imported and 40% manufactured. Purchase orders for overseas sandals are made six months in advance and…

Please solve this problem ASAP! Auditor You are an audit senior in Planet and Co and you are commencing the planning of the audit of this new client, Sunshine Co, for the year ending 31 August 2020. Client data A sandals manufacturer, Sunshine Company in business for 30 years, with a production facility, warehouse and administration offices operating from one central site. Sunshine sells all of its goods to large retail stores, with 60% being to one large chain store Shoetings. Sunshine has a one year contract to be the sole supplier of sandals to Shoetings. It secured the contract through significantly reducing prices and offering a four-month credit period; the company’s normal credit period is one month. Operations Two years ago Sunshine reduced the level of goods directly manufactured and instead started to import sandals from East Asia; approximately 60% is imported and 40% manufactured. Purchase orders for overseas sandals are made six months in advance and…

Prepare transactions

A. Prepare the following for the year ended 31 December 2020 i. Statement of affairs as at january 1 2020 ii. Bank account iii.accounts payable and accounts receivable accounts iv. Income statement V.balance sheet

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Business Description A friend, Jay Green, recently opened a cupcake store to sell gourmet cupcakes. Jay has asked you for help with formulating the projected numbers for the business and help analyze if the company will be successful. Using the skills you have developed, you will analyze the business to provide a forecast and recommendations for the business venture. Jay opened the business on January 1, 2020 and has provided the financial information for the year ended December 31, 2020. Provide answers to the required items based on the information provided below and other amounts calculated. Be sure to show your calculations. Cost information: Jay purchases his cupcakes from a baker for $10.20 per dozen cupcakes. Costs for packaging the cupcakes (bags and boxes) average 2 cents (.02) per cupcake. • Jay has a location near downtown that is rented for $600 per month. Utilities average $110 per month. Fixtures for the business were purchased for $8,000 (depreciation will be $800 per…

sd subject-Accounting

Strictly type-written Required: • Ledger • Guide Questions

Assignment 6.1: Session 6 Comprehensive Problem (Chapter 8) Instructions In this session, we have a 6-part comprehensive problem. Download the Session 6 Comprehensive Problem Templates below to complete the 6 required parts of the problem. You will need your Bergevin and MacQueen book for reference. Rancho Cucamonga Inc. began business on January 1, 2020. The firm earned $100 from sales in its first year of business. Rancho Cucamonga collected $90 of revenue earned in cash during 2020 and reported a $10 account receivable on its 2020 balance sheet. The firm paid $70 cash for operating expenses in 2020 and reported a $5 account payable for unpaid operating expenses on its 2020 balance sheet. Income tax laws only recognize cash collected from sales and cash paid for expenses as taxable items in the year collected or paid. Rancho Cucamonga also reported a $10 fine, paid in cash, to the federal government for unfair business practices. Generally accepted accounting principles allow firms…

LO 6.4 At the end of 2019, the accounting firm for which you work is auditing the books of Debitus Publishing Inc. for the first time. Debitus, a calendar year company, publishes textbooks that are used in colleges and universities across the country. These textbooks are purchased by students through their campus bookstores. Debitus normally makes its biggest sales at the beginning of the fall semester. In the past, Debitus has always recorded sales returns in the spring semester when the campus bookstores return any unsold textbooks. This has been satisfactory because the returns have been immaterial in amount. In 2018, as a promotional strategy to stimulate sales, Debitus began offering bookstores a reduced price if they ordered more textbooks. There is no penalty for returns of these textbooks if the bookstores cannot sell them to customers. This strategy worked; sales increased by 10% during 2018. In early 2019, however, a substantial amount of unsold textbooks were returned by…

Spring 2021 Final Exam(2) Saved to this PC - егences Mailings Review View Help AaBbCcD AaBbCcDc AaBbC AaBbCcC A aB 三。 I Normal T No Spac. Heading 1 Неading 2 Title Paragraph Styles 6-Dyson Manufacturing Company had the following financial statement results for last year. Net sales were $1.2 million with net income of $90,000. Total assets at year-end amounted to $900,000. a. Calculate Dyson's asset turnover ratio and its profit margin. b. What is Dyson's rate of return on assets. 7-Marriot Corporation has two bond issues outstanding, each with a par value of $1,000. Information about each is listed below. Suppose market interest rates rise 2 percentage point across the yield curve. What will be the change in price for each of the bonds? Does this tell us anything about the relationship between coupon rate and interest rate risk? Bond A: 10 years to maturity, 0 percent coupon, market interest rate is 10 percent. Bond B: 10 years to maturity, 10 percent coupon, market interest rate is 10…