Royal Park Ltd is an existing company that has issued previously 300,000 ordinary shares of $8 each and 100,000 5% preference shares of $15 each.

On 1^st January 2019, Royal Park Ltd offered to issue an additional 250,000 ordinary shares for $11, payable in two installments:

• $7 initially on application;
• $4 payable based on calls as required.

Applications for 400,000 shares were received by the closing date of 30^th January 2019.

On 10^th February 2019, shares were allotted, and a refund was made to unsuccessful applicants.

Directors announced on 30^th June 2019 a profit after tax of $900,000.

On 7^th July 2019, the board of directors during the Annual General Meeting announced that the company will pay preference dividends and ordinary dividends of 6.2 cents per fully paid equivalent share from retained earnings.

On 3^rd August 2019, payment was made for dividends declared.

Required:

a) Prepare the general journal entries to record the information above.                   

Narrations are NOT required.

b) b) One of the existing shareholders of the company was upset about the approach the company used in issuing additional shares this year. They believed existing shareholders should have been considered first to raise the funds. List and discuss the approach the shareholder is referring to.

I want you to apply the concepts we have discussed in class in a fun way. I do hope you will enjoy this exercise. Once upon a time, there was an amazing group of students who lived in Cronfwoman OneFiveOne. Right next to their house, was a hotel and within that hotel was a café called Café Bastel. The amazing students were approached by an investor, Ms Finn Ance Major, who asked for their help. The investor was contemplating buying Café Bastel for $1 million and wondered if that was a good investment. What is your recommendation to Ms Finn Ance Major? Here is some information to get you started:

1. The café sells (non‐alcoholic) beverages as well as snacks and lunch

2. The café is open for 7 days, from 7am to 7pm

3. At any point in time, there are 2 employees working in the café

4. The investment horizon is 10 years 5. Use a discount rate of 12%

6. Use a tax rate of 35% You will need to make assumptions (capex, working capital…..).

There is no “right” answer – first think about the big picture (strategy, marketing, ….) and then how that story translates into your assumptions. You will be graded based on the structure of your analysis, the consistency and realism of your assumptions, your creativity, and your use of the tools/learnings from class.

Pine rockland is an endangered ecosystem found only in South Florida. Invasive plant species threaten pine rockland by out competing the native plants and providing no nutritional value to native wildlife. The largest tract of pine rockland in Everglades National Park is at Long Pine Key. Scientists with the National Park Service are interested in knowing how effective different frequencies of prescribed burns are at removing invasive plant species. They measured the density (individuals/m²) of invasive plant species in an area that was not burned (no burn), an area that was burned once in the last 5 years (infrequent burn), and an area that was burned 5 times in the last 5 years (frequent burns). For each area, sampling was conducted by measuring the density at 20 random points.

Based on observations of these three areas and the need to decrease invasive species in these ecosystems, we could put forth the following question: How does the frequency of prescribed burns affect invasive plant species in pine rockland ecosystems?

1. For the study above, identify the following: (4 points)
   1. Population: All invasive Plant species in Pine Rockland Ecosystem.
   2. Sample: 20 random points in each area
   3. Parameter:
   4. Statistics
2. For the study above, identify the following: (3 points)
   1. Dependent Variable
   2. Independent Variable
   3. Is the independent variable categorical or numerical?

Diana Cohen received the following revenue during the year (she uses the cash method of accounting). Consulting revenue reported to her on a Form 1099-MISC, Box 7 High-end Retail $32,000 Jensen’s Health Products $8,500 Strategic Solutions $3,750 Board of director compensation reported to her on a Form 1099-MISC, Box 7 Natural Sunshine, Inc. $6,500

During the year, Diana paid the following business expenses: Consultant-related: Airfare $2,900 Hotel $1,450 Meals $390 Parking $320 Diana drove 290 business miles for her consulting-related activities (she has documentation to verify) Board of Director-related: Meals $125 Hotel $225 Diana drove 315 business miles for her board of director activities (she has documentation to verify) Neither of Diana’s business activities required the filing of Form(s) 1099 to report payments she made during the tax year. In addition, Ms. Cohen drove a 2014 Lexus purchased on January 1, 2014 for all her business mileage. She drove the vehicle a total of 10,605 miles during the year for all purposes. Diana has written documentation to support the mileage amounts. She also has access to another vehicle for personal purposes.

Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also paid the following expenses: $385 fee to register for the conference, $335 per night for three nights’ lodging, $300 for meals, and $175 for cab fare.

a. What amount of the travel costs can Melissa deduct as business expenses?

b. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,660 for transportation, $910 for lodging, and $375 for meals during this part of her trip, which she considers personal in nature. What amount of the travel costs can Melissa deduct as business expenses?

c. Suppose that Melissa’s permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $385 for the registration fee. She drove 75 miles over the course of three days and paid $170 for parking at the conference hotel. In addition, she spent $475 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses?

A) A person can take either of two routes to work, through Matteson or Richton Park. Both take on average 35 minutes, and travel times are Normally distributed. But are the variances of the travel times different? A random sample with n = 6 using the Matteson route, and another random sample with n = 7 using the Richton Park route, showed a variance of 40 (units: square minutes) and 30 respectively. To test whether the variances are different, the following test of hypothesis is to be carried out: H0: sigma subscript 1 superscript 2 space equals space sigma subscript 2 superscript 2 H1: sigma subscript 1 superscript 2 space not equal to space sigma subscript 2 superscript 2 To test this at 10% level of significance, what is the critical value for the test statistic? (Give two decimal places)

B) A supermarket claims that the average wait time at the checkout counter is less than 9 minutes. We can assume that the population is Normally distributed.

Consider

H0: mu >= 9

H1: mu < 9

A random sample of 50 customers yielded an average wait time of 8.5 minutes and a standard deviation of 2.5 minutes.

What is the value of the test statistic (tstat or t-sub-xbar)?

(Provide two decimal places)

(Practical magnetism) As we will see in lab, the magnitude ?? of the magnetic field of a permanent magnet drops with distance d so that ?? ∝ 1/? 2 when d is less than the size of the magnet (where you “feel” only the closest pole) but ?? ∝ 1/? 3 farther away (where both poles “blur together” and the field is weaker). (a) Could a coin-sized magnet in your wallet or purse erase the magnetic strip on your credit card or hotel room key? Suppose the magnet is 2 mm thick, and measure d from its center. Consider both a fridge magnet (?? = 5 mT at the surface) and a neodymium coin magnet (?? = 1 T at the surface). To erase a magnetic strip requires 4000 G for a “high-coercivity” (“HiCo”) card such as a credit card, but only 300 G for a “low-coercivity” (“LoCo”) card such as a hotel room key. (b) If so, how far apart should you keep them? (c) Could wearing a “magnetic stone” (with field strength comparable to a fridge magnet) affect your health? To answer this, ask yourself whether people’s health is affected by the Earth’s magnetic field, of strength about 0.2 G? At what distance from the stone do you experience this same field strength?

This problem has several parts journalizing adjusting entries, preparing a ledger using T accounts, adjusted trial balance, income statement, retained earnings statement, classifed balance sheet and determine which accounts to close at end of the month. HELP!!!!

The Pharoah Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

Other data:

8. The Smart CPA firm held an End of Tax Season party. The company expected attendance of 75 people and prepared the following budget:

Hotel room rental $600
Food 1,000
Entertainment 750
Decorations 250
Total Costs $2,600

Seventy five people attended the party. The following costs were incurred:

Hotel room rental $600
Food 1,150
Entertainment 750
Decorations 350
Total Costs $2,850

What is the variance for total costs?
A) $300 Unfavorable
B) $300 Favorable
C) $250 Favorable
D) $250 Unfavorable

9. The various stages through which a product passes are called the ________.
A) product life cycle
B) value chain
C) performance plan
D) product performance plan

10. Research and development is the function of a value chain that involves ________.
A) the detailed design and engineering of products, services or processes
B) the generation of ideas related to new products only
C) the generation of ideas related to new products, services or processes
D) the detailed design and engineering of new processes

11. Which of the following is a major factor causing changes in management accounting today?
A) additional value chain functions
B) small advances in technology
C) increased global competition
D) shift to manufacturing-based economy

(must be done in JAVA code)

A company dedicated to parking management has decided to renew itself by automating its control process since this process is done manually. The company has hired its development team to automate the process and gave it an October 19th deadline until 6 pm. An analyst defined the system requirements as follows:

1. The system must allow configuring the number of spaces that a vehicle parking lot will contain.

2. The system must allow the person in charge (normally a security person) to consult the available spaces to be able to indicate to the arriving users where to park.

3. The system must allow the person in charge (normally a security person) to enter the space where they will park, the license plate, brand, color and commercial value of the vehicle to be parked. In some cases, the person in charge may omit the commercial value of the vehicle due to ignorance, for these cases a default value of 30 million will be saved.

4. The system must allow the status of all the spaces in the building to be consulted.

5. The system must allow printing all the information of the parked vehicles.

6. The system must allow consulting the information of a parked vehicle.

7. The system must be able to change the sensor status (available to occupied) when a car occupies a parking space.