SQL is our language for relational databases - do you think it's an adequate "language" for database creation and manipulation?
Please help answer this.
In: Computer Science
What research methods might you use to update your knowledge of professional and legislative requirements relating to activity statements (In Australian Accounting Envrionment) (Please type your answer)? (300–400 words)
In: Accounting
Thomas Homes Limited is an independent furniture and homewares retailer, with branches throughout the South East of England. Abbreviated results for the last two years are given below. Statement of Profit or Loss for the year ended 31 December:
2018 2019 £000 £000 Sales 803 858 Cost of sales (509) (513) Gross profit 294 345 Operating expenses (237) (244) Operating Profit 57 101 Investment income - 4 Finance costs (14) (24) Profit before taxation 43 81 Taxation (17) (33) Profit for the year 26 48 Statement of financial position as at 31 December: 2018 2019 £000 £000 Assets Non-current assets Property, plant and equipment 399 507 Long Term Investments 9 18 408 525 Current assets Inventory 111 113 Trade receivables 154 114 Prepayments 8 6 Bank 32 29 305 262 Total assets 713 787 Equity and liabilities Equity Ordinary share capital 186 186 Retained earnings 203 170 389 356 Non-current liabilities Long term loans 198 289 Current liabilities Trade payables 68 73 Accruals 31 27 Bank loan 27 42 126 142 Total equity and liabilities 713 787
Required: (a) Calculate the following ratios for Thomas Homes Limited for each of the years 2018 and 2019: i. Current ratio ii. Inventory turnover (Inventory at 31st December 2017, £105,000) iii. Accounts receivable days iv. Accounts payable days v. Gearing ratio vi. Interest cover
(b) Comment on the company’s liquidity position using the information in the question and your calculations in (a).
(c) List and briefly explain the limitations of analysing the performance of companies using financial statements.
TOTAL: 25 MARKS
In: Accounting
On February 10, 2018, Ace Corporation, a new calendar year corporation, elected S corporation status and all shareholders consented to the election. There was no change in its shareholders during the current year. Ace met all eligibility requirements for an S corporation during the preelection portion of the year. What is the earliest date on which Ace can be recognized as an S corporation?
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February 10, 2018 |
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January 1, 2019 |
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February 10, 2019 |
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January 1, 2018 |
In March of 2017 Frederick acquired an passenger automobile for $45,000 and used the automobile 85% for business. The maximum depreciation deduction for 2017 is:
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$3,160 |
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$11,160 |
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$8,928 |
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$9,486 |
In August of 2017, Joseph acquires and places into services business equipment costing $300,000. The equipment is classified as 5-year recovery property. No other acquisitions are made during the year. Joseph elects to expense the maximum amount under Sec. 179. Joseph’s total deductions for the year are:
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$60,000 |
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$500,000 |
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$100,000 |
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$300,000 |
For the current tax year, VBN, an S Corporation distributes $100,000 to its sole shareholder, Raymond. His basis in the stock was $140,000 before the distribution. VBN had once been a regular C Corporation and had remaining accumulated earnings and profits (E&P) from those years of $70,000. However, VBN has no balance in its accumulated adjustment account. How should the distribution of $100,000 be handled?
$100,000 as a taxable distribution
$70,000 as a taxable dividend, and $30,000 has a non taxable return of capital
$50,000 as a taxable dividend, and $100,000 as a non taxable return of capital
$70,000 as a taxable dividend; and $30,000 as a capital gain
Stahl, an individual who owns 100% of Talon, an S corporation, had a basis of $50,000 at the first of the year. During the year Talon reported the following: Ordinary Loss of $10,000; Municipal interest income of $8,000, Long term capital gain of $4,000; and Long term capital loss of $9,000. What was Stahl's basis in Talon at year end?
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$56,000 |
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$65,000 |
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$53,000 |
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$43,000 |
In: Accounting
Heights of men on a baseball team have a bell-shaped distribution with a mean of 184cm and a standard deviation of 7cm. Using the empirical rule, what is the approximate percentage of the men between the following values?
a) 170cm and 198cm
b) 163cm and 205cm
In: Statistics and Probability
elemental analysis of an unknown compound was found to give the following data 70.4% carbon, 8.08% hydrogen and 10.12 % of nitrogen. it was found to have a molecular weight of 137.18 Da. determine the empirical formula, molecular formula, and the degree of unsaturation for this compound
In: Chemistry
(Essay question) Evaluate the extent to which empirical evidence supports the idea that price level changes imply off-setting exchange rate changes. (plz don't not give me a hand writing answer, I cant read)
In: Economics
Why is it important to understand the properties of a theoretical distribution of means of samples of size n when in practice you will only select a single such sample? Why empirical mean from a given sample does not necessarily coincide with theoretical mean?
In: Statistics and Probability
A compound contains only C, H, and N. Combustion of 28.0 mg of the compound produces 26.8 mg CO2 and 32.9 mg H2O. What is the empirical formula of the compound? (Type your answer using the format CO2 for CO2.)
In: Chemistry
An unknown compound has the formula CxHyOz.You burn 0.2115 g of the compound and isolate 0.5164 g of CO2 and 0.2114 g of H2O. What is the empirical formula of the compound? If the molar mass is 72.1 g/mol, what is the molecular formula?
In: Chemistry