List the following information of Camping World Inc.

CEO:

President:

CFO:

Are any of the above names famous? If so who and what are they known? What were some reasons for the stock price to fluctuate besides the usual stock market conditions. List specific examples reasons that help the stock price rise (tailwinds) or caused the stock to drop (headwinds). In at least 300 words write your recommendations for this company.

The following information was available to reconcile Montrose Company’s book balance of Cash with its bank statement balance as of October 31, 2017:

Required:
1. Prepare a bank reconciliation for the company as of October 31, 2017.     

2. Prepare the General Journal entries necessary to bring the company’s book balance of Cash into agreement with the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• 1

  Record the collection of note less collection fee.

• 2

  Record the NSF cheque.

• 3

  Record the bank service charges.

• 4

  Record to correct error in Cheque #320.

The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St. Lucia. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit neighboring islands causing many injuries. The hurricane largely bypassed St. Lucia, but residents of St. Lucia willingly donated their blood to help people on other islands. As a consequence, the blood bank collected and processed over 20% more blood than had been originally planned for the month.

A report prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below. Continued support from the government depends on the blood bank’s ability to demonstrate control over its costs.

The managing director of the blood bank was very unhappy with this report, claiming that his costs were higher than expected due to the emergency on the neighboring islands. He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other islands. The government official who prepared the report countered that all of the figures had been submitted by the blood bank to the government; he was just pointing out that actual costs were a lot higher than promised in the budget.

The following cost formulas were used to construct the planning budget:

Required:

1. Complete the performance report for September using the flexible budget approach. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations and round your final answers to nearest whole dollar.)

QUESTION ONE:

Comprehensive Standard Cost Variances

Clarissa McWhirter, vice-president of Cyprus Company, was pleased to see a small variance on the income statement after the trouble the company had been having in controlling manufacturing costs. She noted that the $12,250 overall manufacturing variance reported last period was well below the 3% limit that had been set for variances. The company produces and sells a single product. The standard cost card for the product follows:

Standard Cost Card -Per Unit

Direct materials, 4 metres at $3.50 per metre                                                    $14

Direct labour, 1.5 direct labour-hours at $12 per direct labour-hour                 18

Variable overhead, 1.5 direct labour-hours at $2 per direct labour-hour           3

Fixed overhead, 1.5 direct-labour hours at $6 per direct labour-hour                9

Standard cost per unit                                                                                              44

The following additional information is available for the year just completed:

a. The company manufactured 20,000 units of product during the year.

b. A total of 78,000 metres of material was purchased during the year at a cost of $3.75 per metre. All of this material was used to manufacture the 20,000 units. There were no beginning or ending inventories for the year.

c. The company worked 32,500 direct labour-hours during the year at a cost of $11.80 per hour.

d. Overhead cost is applied to products on the basis of standard direct labour-hours. Data relating to manufacturing overhead costs follow:

Denominator activity level (direct labour-hours)                             25,000

Budgeted fixed overhead costs (from the flexible budget)       $150,000

Actual fixed overhead costs                                                           $148,000

Actual variable overhead costs                                                      $68,250

Required:

1. Compute the direct materials price and quantity variances for the year.
2. Compute the direct labour rate and efficiency variances for the year.
3. For manufacturing overhead, compute the following:
   1. The variable overhead spending and efficiency variances for the year.
   2. The fixed overhead budget and volume variances for the year.
4. Total the variances you have computed, and compare the net amount with the $12,250 mentioned by the vice-president Do you think that everyone should be congratulated for a job well done? Explain.

Your company is considering purchasing a new bottling machine for the line that manufactures juice products. This Swill Fill 2000 is forecast to last for five years and will cost $42,000 to purchase. The new machine will offer labor savings of $4,500 annually through faster changeovers and will save you $5,000 per year in maintenance costs vs. your existing machine. The existing machine does not exhibit unusual wear-and-tear and should be able to go for another five years as well.

Your internal hurdle rate is 12%. Should you go forward with the purchase?

If we assume that the machine can outlive its useful life as stated in the problem above, what is our simple payback period? What is our discounted payback period? Please build a table to demonstrate the payback period over time at least through the point in time where the discounted payback period turns positive.

Atlas Enterprises Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows:

The activity-base usage quantities and units produced for each product were as follows:

Use the activity rate and usage information to calculate the total activity cost and activity cost per unit for each product. If required, round the per unit answers to the nearest cent.

Post to T accounts

The following transactions for The Reds Co. in 2000:

2/1 deposited in the bank $50,000 as Capital

4/1 furniture bought to use in store for $6,500 paid by cheque.

10/1 bought good on Credit from alwatan Co. at a cost of $8,000.

15/1 goods were sold for $1,500 in cash

16/1 goods were sold to Mohammad for $600 received a cheque

18/1 sales for $800 in cash

20/1 $2,000 were deposited in the business bank account

25/1 $5,000 were paid back in cheque to alwatan Co.

26/1 good were sold to Alahly Club for $2,300 on credit

27/1 goods were sold to Mohammad for $1,200 on credit

28/1 all money is received from Alahly Club in cash

30/1 500$ were paid as salaries to worker in the store by cheque

31/1 the store paid $650 by cheque as rent for the store

Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,600 shares of cumulative preferred 3% stock, $15 par, and 398,300 shares of $23 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,900 ; second year, $77,100 ; third year, $80,900 ; fourth year, $99,500 . Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $ 0.45 $ 0.45 $ 0.45 $ 0.45 Common stock (dividends per share) $ $ $ $

But when it comes to the non-profit versus for-profit business how do they compare? Your assignment is to analyze this using a comparison format. Let’s see which side you are on. In 500 words or more, answer the questions listed below. How do their objectives differ? How do they generate revenue? How do they control and report expenses/expenditures? How do they measure and report profit? How is equity and ownership reported? Reflect on your future career goals as an accountant. It is obvious that both non-profit and for-profit businesses need accountants; but, how does their focus and job differ? Do non-profit businesses pay competitively to for-profit businesses? Now that you have compared the two business types and the role accountants play along with their compensation, where do you see yourself fitting and why?

Please give me some idea about this blog question:

It is important to understand and analyze a country’s political system before entering that market. Is it more important for a political system to be stable, or is it more important for it to be transparent?

144) Calculate the cash proceeds from the following issuances of bonds. All situations are independent of each other and all the bond issuances pay interest annually.

Note: present value tables required.

a) $100,000, five-year, 10% bonds issued when the market rate is 8% b)$50,000, 10-year, 8% bonds issued when the market rate is 12% c) $200,000, 10-year, 9% bonds issued when the market rate is $12% d) $100,000, five-year, 12% bonds issued when the market rate is 8%

145) Warren Corporation signs an agreement on January 2, 2010, to lease delivery equipment for a five-year period. The current market value of the delivery equipment on January 2, 2010, is $225,000. The lease agreement calls for annual payments of $50,040. The first payment is made on January 2, 2010, all other payments are made on December 31 of each year. The lease agreement calls for an 8% interest rate. The estimated remaining life of the delivery equipment is six years. Ownership of the delivery equipment will transfer to Warren Corporation at the end of the lease term.

Note: present value tables required.

a) Prepare the journal entry on January 2, 2010, to record the lease agreement and make the first lease payment. b) Prepare the entry on December 31, 2010, to record the second lease payment and the accrual of interest.

Build a pivot table which calculates the average and maximum sales by department

You will have to combine the data using VLOOKUP or MATCH/INDEX. Note any observations you see regarding trends in the results.

Use the data below to solve the problem. List steps and directions step by step with any formulas, what has been clicked on, and any other important information to solve the problem using Excel. Thank you.

The Companies Act 2016 repealed the Companies Act 1965 and changed the landscape of company law in Malaysia. The Companies Act 2016 reformed almost all aspects of company law in Malaysia.

Required:

By referring to the Companies Act 2016, insert the correct sections in column (A) for each description in column B.
4


Column A Column B Example: Section 3 Corporation refers to any body corporate formed or incorporated or existing in Malaysia or outside Malaysia.
Other than companies limited by guarantee, a company may / may not has a constitution. A private company has notmore than 50 shareholders.
Preference shares may be redeemed out of profit; a fresh issues of shares or capital of company. All ordinary shares now carry no par value. The directors will make calls on unpaid shares at a fixed date.
Any shareholders fail to pay any calls within stipulated time, the company has the right to forfeit the shares
A company should states in its constitution the voting rights of different classes of shares.
The company can only make a distribution to the shareholders out of profits if the company is solvent.
A prospectus can only be circulated after the prospectus has been lodged with Registrar.
Shares can’t be allotted unless minimum subscription and application payable have been received.
A shareholder of company limited by shares has liability limited to any amount unpaid on a share held by him. A private company must have at least one director.
Subsidiaries’ financial year end must coincide with the holding company.
If any subsidiaries are not being consolidated, the directors of the company should disclose in notes the reason for not consolidate the subsidiaries.
Annual general meeting should be held within 6 months after the financial year end. Every resolution should be kept for seven years. [

Problem 11-48 Step Method with Three Service Depagrtments (LO 11-3)

Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has three service departments, Administration, Accounting, and Maintenance. The accumulated costs in the three service departments were $255,000, $416,000, and $191,000, respectively. Management is concerned that the costs of its service departments are getting too high. In particular, managers would like to keep the costs of service departments under $3.50 per unit on average. You have been asked to allocate service department costs to the two production departments and compute the unit costs.

The company decided that Administration costs should be allocated on the basis of square footage used by each production and service department. Accounting costs are allocated on the basis of number of employees. Maintenance costs are allocated on the basis of the dollar value of the equipment in each department. The use of each base by all departments during the current period follows:  
  

The Williams Company, a U.S.-based company, owns 100% of a European Subsidiary (ES). The investment in ES totals $10 million (euros 13.5 million) as of the end of Year 1. This represents an initial investment of $6 million and retained earnings of $4 million. The Currency Translation Adjustment (CTA) account included in Other Comprehensive Income (OCI) totals $1 million (loss) at the end of Year 1.

During Year 2, Williams decided to sell 25% of ES to the Tremont Company, an unrelated U.S.-based Company for $15 million in cash. The closing date of the transaction is June 30 of Year 2. Earnings of ES for the six months of Year 2 are $1 million and there was an additional increase of $200,000 in the CTA during the first six months of Year 2. No dividends have been paid by ES to Williams.

Instructions:

1. Calculate the gain or the loss on the partial disposal by Williams of ES as of June 30, Year 2, under both the US GAAP and IFRS. Make sure you show the details of both calculations and provide authoritative references supporting the basis and the reasoning for each of your calculations.
2. Assume that during January Year 2, ES paid a dividend to Williams of euro 6.75 million ($5 million). How would that dividend be treated by Williams under both the US GAAP and IFRS? What impact, if any, would this dividend have on the CTA account of Williams under both the US GAAP and IFRS? Make sure you show the details of any calculations and provide authoritative references supporting the basis and the reasoning for each of your calculations, if any.
3. Assume that Williams’s investment in ES totals $6 million, the amount of the original investment. ES had not made any money since being formed by Williams as of December 31, Year 1, management has decided to sell ES, and to evaluate ES for any impairment charge in its Year 1 financial statements. The CTA totals $1 million at the end of Year 1. How would the evaluation of ES differ under the US GAAP and IFRS? Make sure you show the details of any calculations supported by authoritative references when answering this question.

• Your submission should be a minimum of 3 pages in length, not including the required cover and reference pages. Longer submissions are permissible.