QUESTION 3

The comparative financial statement below shows the financial position of Fanor Sdn Bhd for the year 2018 and 2019, respectively.

Fanor Sdn Bhd
Comparative Statement of Financial Position As at 31 December 2018 and 2019

Non- Current Assets:

Properties
Equipment
Long-term investment Total Non- Current assets Current Assets:
Cash
Short term investments Accounts receivable Inventories
Prepaid expense
Total Current Assets Total Assets
Equity:
Share capital
Reserves
Retained earnings
Total Equity

Liabilities
Non- current Liabilities
Long term loan
Total Non- Current Liabilities Current Liabilities
Short term loan
Accounts payable
Notes payable
Unearned revenues
Total Current Liabilities Total Liabilities and Equity

2019 RM

3,000,770 1,319,880 1,870,000 6,190,650

5,250,755 2,200,000 2,560,376 2,564,369 125,000 12,700,500 18,891,150

3,000,000 550,000 5,800,860 9,350,860

3,450,000

3,450,000

2,755,000 1,900,660 1,000,000 434,630 6,090,290 18,891,150

2018 RM

2,750,350 2,170,130 1,500,000 6,420,480

4,440,930 1,000,670 2,234,560 1,404,260 250,000 9,330,420 15,750,900

3,000,000 675,000 3,450,110 7,125,110

5,550,000

5,550,000

1,000,790 1,575,000 - 500,000 3,075,790 15,750,900

Suppose you are the director of the sales department of Easy Toys Ltd. You need a database application to record your new business leads. Your requirements are:

1 The identity of the staff who is developing the new business lead, including the staff’s first name, last name, and employee number.

2 The identity of the potential client, including the company name, key contact person, and the company address.

3 Information about each new business lead, including the type of product classifications (e.g. STEM / dolls / electronic toys / cars).

4 Information about each contact made to develop the new business lead, including the date of the contact, how much time the staff has spent on the contact, and a brief summary of the points discussed.

The IT department of Easy Toy Ltd tells you that they already have a lot of backlog and they cannot handle your request. You decide to build the system with one of your sales managers. Your sales manager proposes the following relational database design:

Required:

a) What are the problems in the above relational database design proposed by the sales manager?

b) Recommend a relational database design that can eliminate all the problems identified in part (a)

Using your own personal experiences and knowledge please discuss the following question: Do you believe that accounting is critical to our economic system? Why is it an integral part of our economic system Explain. Support your answers with at least one practical example. Why did you choose accounting as your major? If it is not your major, explain your reason for your selection of your major What is a CPA? What service can a CPA provide that a non CPA accountant cannot regardless of how many other qualifications he/she has including a doctorate in accounting? What are some of the specializations in the accounting field? Discuss one or more of them. Which one are you considering if you are an Accounting major? Post a job description detailing the responsibilities and requirements on any accounting position that requires a minimum of a Bachelor's degree. Was there anything about that job description that surprised you (pleasant or unpleasant) Your responses must be numbered according to each question above. You do not need to reproduce the question. You must meet a minimum length of 750 words (excluding citations, the job description and my questions) and must be posted as response to my thread in this forum with the same subject line as above followed by your last name. Use any acceptable form of citation. There is an automatic 5 point deduction for submissions with no citations or citations in poor format.  Please do not use attachments when posting your work.

Complete the following questions. In addition to answering the items below, you must submit an analysis of the assignment. Analyze the specific outcomes and write an analysis directed toward the team at Coco Inc. describing what the numbers mean and how they relate to the business. Submit journal entries in an Excel file and written segments in an MS Word document. For written answers, please make sure your responses are well-written, formatted per CSU-Global Guide to Writing and APA (Links to an external site.)Links to an external site. and have proper citations, where applicable.

Assume that the following facts pertain to a non-cancelable lease agreement between Coco Inc. and Bubs Corp, a Lessee.

The lessee assumes responsibility for all executory costs, which are expected to amount to $4,000 per year. The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line depreciation method for all equipment.

1. Using the spreadsheet Lease Amort Schedule, prepare an amortization schedule that would be suitable for the lessee for the lease term.
2. Using the spreadsheet Journal Entries, prepare the journal entries for the lessee for 2018 and 2019 to record the lease agreement and all expenses related to the lease. Assume the Lessee’s annual accounting period ends on December 31 and that reversing entries are used when appropriate.
3. Prepare journal entries for the lessor of the transaction.

List and describe update anomalies.

9. On March 1, 2018, Unicorp granted 1,000 Non-qualified Stock Options to Haley (an employee). The exercise price on the shares was $2 per share. On December 31, 2018, Jim exercised all of her stock options when the market price per share was $10. What is the basis of her stock, and what amount should be included on her Form W-2 as wage income in 2018?

Microsoft announced that it expected the acquisition is to be accretive to non-GAAP earnings within two years. What does non-GAAP mean in this case? In other words: what major expense is excluded? How do you feel about the use of non-GAAP numbers in corporate communication? Is it legal? Please research FASB and SEC pronouncements on this issue, possibly including but not limited to Anders (2017), Golden (2017) and SEC (2018).

Acme Company Balance Sheet As of January 5, 2018 (amounts in thousands) Cash 14,300 Accounts Payable 1,900 Accounts Receivable 4,100 Debt 3,200 Inventory 5,800 Other Liabilities 4,000 Property Plant & Equipment 14,800 Total Liabilities 9,100 Other Assets 700 Paid-In Capital 7,700 Retained Earnings 22,900 Total Equity 30,600 Total Assets 39,700 Total Liabilities & Equity 39,700 Update the balance sheet above to reflect the transactions below, which occur on January 6, 2018 1. Purchase equipment for $50,000 in cash 2. Borrow $67,000 from a bank 3. Issue $80,000 in stock 4. Buy $16,000 worth of manufacturing supplies on credit What is the final amount in Inventory? Please specify your answer in the same units as the balance sheet.

Write an application case study with network design diagram including the following topics:

- IoT

- Bluetooth

- Fog Computing

- Redundant

- Resilient and measures of resilience

- Troubleshooting with half split and move method

Highlight in bold each of the above keywords.