Axe Ltd. purchased a building worth Tshs. 200,000 on January 1, 2008. The building has a useful life of 20 years and the company uses straight line method. On December 31, 2010 the company intends to switch to revaluation model and carries out a revaluation exercise which estimates the fair value of the building to be Tshs.190,000 as at December 31, 2010. On December 31, 2012 Axe Ltd. revalues the building again to find out that the fair value should be Tshs.140,000. The expected useful life has remained unchanged
Required: Calculate
a)Revaluation surplus amounts and show the Journal to record the revaluations
b)Depreciation charge for each period
c)Excess depreciation to be transferredand show the Journal to record the transfer

1. Kolyesna Hotels Group acquired some financial data for the years 2010 and 2011

Using the financial data table, calculate the required ratios for the Kolyesna Hotel Group in 2011 (assume there are 365 days in a year).
a) Profit margin ratio

b) Return on assets (ROA)

c) Return on equity (ROE)

d) Earnings per share (EPS) with common stock

e) Earnings per share (EPS) with preferred stock

f) Price/Earnings ratio (P/E) for both common and preferred stock

2. The return on asset (ROA) and profit margin ratio for Tiggie’s Quick Food Corp. were 11.25% and 24.80% in 2013. If the total asset value of this firm was $25 million at the end of 2013, what is the total revenue generated in 2013?

3. Jamming Luxury Lodging Properties has obtained the financial data as follows:

Based on the financial information given, calculate return on owner’s equity (ROE) for Jamming Luxury Lodging Properties in 2010.

4. The financial data for Millen & Adams Boutique Hotel Inc. in both 2011 and 2012 are as follows:

Based on the financial data table, calculate the earnings per share (EPS) with preferred stock for Millen & Adams Boutique Hotel Inc. in 2012.

Year O On December 31, 2010, Arrieta Incorporated purchases a subsidiary of Sales Unlimited. Sales has a defined benefit pension plan. The actuary provides you the following information: 12/31/2010 (000s) Statement of financial position Benefit obligation 2,500 Fair value of plan assets 2,400 Funded status 12/31/2010 (100) Expected impact of plan alignment 240 The initial amount to be recognized on the books of Arrieta for initial recognition of the funded status of the Sales pension plan is: Benefit obligation 2,500 Fair value of plan assets 2,400 Funded status 12/31/2010 (100) Year 1 On July 1, 2011 Arrieta amends the plan to align the benefits with its own plans, retroactive to the date of employment for the acquired employees. The retroactive benefits result in a prior service cost. The remaining service lives of those employees (average time to retirement) is 12 years. The actuary presents you with the following information as of 12/31/2011 Service cost 100 Interest cost 94 Expected return on plan assets 168 Actuarial gain/loss 22 Plan amendment 240 Actual return on plan assets 125 Benefits paid (75) Employer contributions 35 1/1/2011 12/31/2011 Discount rate 3.75% 4.00% Expected return 7.00% 7.00% Salary increases 4.00% 4.00% Required: a) Prepare the disclosure for the change in plan obligation and the change in plan assets for the year and determine the ending funded status. b) Prepare the disclosure for the net period benefit cost for the period. c) Provide ASC references to support the accounting for the prior service cost. d) Determine the amount of any amortization of gains and losses for the following year. Provide ASC references to support the calculation.

The United States’ health-related views and laws are shaped by social, political, and historical factors that are often part of the larger debate over individual rights versus the collective good. Based on this idea please discuss your thoughts on the 3 following public health topics.

• Should childhood immunizations be mandatory or optional?

• Should higher insurance rates or taxes be used to punish poor health choices (e.g., cigarettes, “junk” food)? Would this be unfair to individuals, or is this fair since all Americans pay a portion of the healthcare costs to care for people who make these choices?

• Should, in light of the current Covid-19 situation, should we be required to social distance, wear masks when we are in public, and be on lockdown when community numbers are higher?

Do we have a moral obligation to the non-human biotic network of life and inanimate matter? Sometimes, this vast network is called 'the environment'. Human influence upon the environment has been profound, in the last few thousand years, but particularly so in the last 300 years, with the start of the Industrial Revolution that has helped to make our species ubiquitous and dominant among the other species. One a small side-line species, now, human beings are 'king of the hill'. The price of this dominance is overdevelopment, pollution on an epic scale. As we survey our natural world and what our species has done to it, often for the worse, what moral obligation have we to change our manner and collective 'footprint' on the planet - and other planets, if we include our nascent space programs?

1. Management and the union have been bargaining for more than 10 months to try and reach a new collective agreement, to no avail. From Management’s perspective, they believe that the parties have reached an impasse. What are the 3 options management can pursue to try and resolve this situation (3 points – ½ point for each of the 3 options, ½ point for correct explanation/definition of each option)

2. What is indirect compensation and explain why it is an important component of an employer’s compensation program. Include in your answer 2 examples of ‘indirect compensation’ (3 points)

3. What is the purpose/objective of orientation/onboarding programs and identify 4 benefits frequently reported by employers of such programs? (3 points - 1 point for correct explanation of purpose/objective and ½ point for each correct benefit identified)

Concord Cosmetic Inc. (ACI), a cosmetic product manufacturer, is a publicly listed company. ACI is preparing earnings per share data for 2020. The following is a summary of the activity for ACI during 2020:

Required: weighted average number of shares outstanding for the year ended December 31, 2020.

PartA： Jan 1^st, 2020: Tony Inc. buys a machine from Avengers Inc. and will make 3 equal payments of 200,000 over the next 18 months (payments on June 30, 2020; Dec 31, 2020; and June 30, 2021). The interest rate on this annuity is 14%. Record all the journal entries from Jan 1^st 2020 until the expiration of the annuity. (4 points) Assume the machine does not depreciate.

Part B: Create the balance sheet as of December 31^st, 2020 along with the income statement and cash flow statement for the time period of Jan 1^st, 2020 to Dec 31^st,2020 (6 points) (There might have a $1 rounding issue