Answered: to change the constitution

Business

Accounting

to change the constitution

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Most people, economists included, consider child labor to be morally unacceptable and would support aggressive efforts to eliminate such practices-including shutting out imported products made with such labor. Which of the following is true? Select the correct answer below: child workers will have to go back to school and improve their skills eliminating such practices may not be a good solution as workers may have even less attractive alternative jobs, perhaps scavenging garbage or prostitution O such practices will make it possible for children to not be exploited O governments will have to step up their financial aid to needy families so children will not have to work
Travel Ltd provides tourism services to both local and foreign tourists in New Zealand. On 1 January 2019, it purchased a piece of land in Mt Eden, Auckland for constructing its permanent office building. The cost of the land was $2,500,000. Because land price was increasing in Auckland, Travel Ltd management believed that the revalued amount of land would provide more useful information to its investors and banks than cost; therefore, they adopted the revaluation model of NZ IAS 16 for land. On 30 June 2019, the company revalued the land to $3,000,000. Land price experienced only a moderate increase in the year ended 30 June 2020. On this date, the company revalued the land upward to $3,100,000. The company’s balance date is 30 June. There was no land revaluation surplus at the beginning of the year ended 30 June 2019. Required 1.Prepare the journal entries required to record the revaluation adjustment for the years ended 30 June 2019 and 30 June 2020. 2.Briefly explain how the…
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The 3 business conglomerates in Malaysia, Genting Group of Companies, Berjaya Group of Companies and Kuok Group of Companies have all applied for the licence to operate a 24-hour television network in the country. Based upon government policy, only 1 licence will be given. Getting the licence to operate a 24-hour TV network will definitely boost the revenue of these conglomerates drastically through advertising fees, etc. Assume Kuok Group of Companies is one of these potential conglomerates to receive the licence and they have stock options available. Explain a suitable option trading strategy for this conglomerate. Estimate the cost of the option(s), expiry and strike price as well as draw the payoff graph.
FootballComm LLC is a manufacturer of devices for football coaches and their coaching staffs that enables them to quickly and effectively communicate with one another during a game through a wireless sideline headset system. Currently, the company purchases all of the headsets included in their systems from a China-based supplier, but they have experienced a significant decrease in overall headset quality. To correct the problem, the company is considering producing their own headsets in-house. The company estimates that the transition will take place over 12 months. The system is expected to have an eight-year service life and produce savings and expenditures given in the table below. If the firm's MARR is 15%, use the NPW method to calculate the economic worth of producing the headsets in house. In-House Headset Manufacturing Single Payment Compound Present Amount Investment Worth Factor Compound Amount Factor (F/A, i, N) Factor Now (building) $500,000 $2,200,000 (F/P, i, N) (P/F, i,…
A Corporate Director (member of the Board of Directors) for a large shipbuilding company, is approached by Universal Studios. Like Disney, Universal Studios would like to have a cruise line. The shipbuilding company does not make cruise ships, though they do make ocean liners that could probably be converted. The Director is friends with several members of another shipbuilding company and suggests that they could spin-off to start making cruise ships for Universal. Which violation of his duty to the Corporation is this? A group of answer choices selects one A. He was Acting Outside of Authority B. He breached his duty to not self-deal C. He usurped a corporate opportunity D. He did not violate his corporate duty, because the shipbuilding company he is a director of did not make cruise ships
Natasha and Saher are living in Kabul as the humanitarian crisis looming in the country and the situation seems to be catastrophic due to a number of factors in the country’s poor economic condition including distorted trade in the country. They’ve decided to start up a small scale business which shall be financially sustainable and help people in the society who are suffering due to lack of food due to distorted trade in the country. After a lot of brainstorming and discussion, they decided to start the flour mill in the capital, which will be led by female and will support the female owned bakery business in the country. The following is the summary of the capital required to start their business an extract from their business plan that includes the NPV, IRR and payback period: Machinery (plant) and its setup cost: $65,000 Space with 10,000 square feet to rent. Their business model is to purchase wheat from the farmer and make…
MSI has been approached by a fourth-grade teacher from Portland about the possibility of creating a specially designed game that would be customized for her classroom and environment. The teacher would like an educational game to correspond to her classroom coverage of the history of the Pacific Northwest, and the state of Oregon in particular. MSI has not sold its products directly to teachers or school systems in the past, but its Marketing Department identified that possibility during a recent meeting. The teacher has offered to buy 2,100 copies of the CD at a price of $7.00 each. MSI could easily modify one of its existing educational programs about U.S. history to accommodate the request. The modifications would cost approximately $370. A summary of the information related to production of MSI's current history program follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost per unit Sales price per unit $ 1.17 0.49 2.05 1.80 $…
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Enoch Mabena is one of the successful Tenderprenuers in South Africa who owns Royal Projects, a company that supplies personal protective equipment (PPE). Enoch founded the company in March 2020. In its mission statements it emphases that it supplies superior, affordable and consistently high-quality PPE. In April 2020, the company successfully beat its rivals by securing a 4-year tender to supply PPE to the Gauteng department of health to be used by frontline doctors, nurses and occupational therapists. The project will add revenue amounting to R2 900 000 annually. Royal Projects accepts projects that have a payback period of two years or less. In order to establish the viability of the project, market research was conducted at a cost of R190 000. The expenses involved in the project would be substantial, and new equipment would need to be purchased at a cost of R3 000 000. The equipment could be financed by a loan from Standard Bank at 10% interest per annum. For tax purposes the…