Perkasa Berhad (PB) was formed on 1 January 2016. Additional data for the year follow:

On 1 January 2016, PB issued no par common stock for RM500,000.

    Early in January, PB made the following cash payments:

1. For store fixtures, RM54,000

2. For merchandise inventory, RM270,000

3. For rent expense on a store building, RM11,000

Later in the year, PB purchased merchandise inventory on account for RM244,000. Before year-end, PB paid RM144,000 of this account payable.

During 2016, PB sold 2,300 units of merchandise inventory for RM225 each. Before year-end, the company collected 90% of this amount. Cost of goods sold for the year was RM320,000 and ending merchandise inventory totaled RM194,000.

The store employs three people. The combined annual payroll is RM88,000, of which PB still owes RM6,000 at year-end.

At the end of the year, PB paid income tax of RM20,000. There are no income taxes payable.

    Late in 2016, PB paid cash dividends of RM35,000.

For store fixtures, PB uses the straight-line depreciation method, over five years, with zero residual value.

1. Prepare PB’s income statement for the year ended 31 December 2016. Use the single-step format, with all revenues and all expenses listed together.

2. Prepare PB’s classified balance sheet at 31 December 2016.

3. Prepare PB’s statement of cash flows using the indirect method for the year ended 31 December 2016.

Selected transactions of Divad Corporation during 2016 follow.

QUESTION 8

If a company overstates its ending inventory balance for 2017 by $10,000, and overstates its ending inventory balance for 2016 by $5,000 what are the effects on its net income for 2017 and 2016?

1 points   

QUESTION 9

Which of these is not an acceptable inventory costing method under IFRS?

1 points   

QUESTION 10

A company lost all but $50 of its inventory in a fire on Feb. 22, 2017. The company’s financial records are listed below:

2015                       2016                   

Net Sales                     10,000                      12,300                   

COGS                           6,500                        7,995                   

       Gross Profit                  3,500                        4,305                   

       Operating Exp.             2,000                        2,500                   

       Net Income                   1,500                        1,805                   

              For 2017 the company’s records showed beginning inventory of $350, purchases of $500 and purchase returns of $90.  

        Net sales for the first part of the year totaled $1,000.

      Determine the amount of inventory destroyed in the fire. (You must first calculate the company’s historical gross profit percentage.)

On January? 1, 2016?, Fast issued its common stock for $ 575, 000. Early in? January, Fast made the following cash? payments:

a. $ 200,000 for equipment

b. $ 324,000 for inventory ?(9 cars at $ 36, 000 ?each)

c. $ 24, 000 for 2016 rent on a store building

In? February, Fast purchased four cars for inventory on account. Cost of this inventory was $ 192,000 ?($ 48,000 ?each). Before? year-end, Fast paid $ 115,200 of this debt. The company uses the? first-in, first-out? (FIFO) method to account for inventory. During 2016?, Fast sold 10 autos for a total of $ 650 ,000. Before? year-end, it had collected 50?% of this amount. The business employs six people. The combined annual payroll is $ 150,000?, of which Fast owes $ 6, 000 at? year-end. At the end of the? year, Fast paid income tax of $ 13,000. Late in 2016?, Fast declared and paid cash dividends of $ 29,000. For? equipment, Fast uses the? straight-line depreciation? method, over five? years, with zero residual value.

Create the logic for a program that stores 5 names in an array.

Your program will then ask the user which name (s)he wants to search. The program receives the name to be searched as input and searches the array for the name entered.

If the name is one of the names in the array, display the message "Name found.". Otherwise, display the message "Name not found.".

in pseudocode please in python

1 Ideal Gas Law The ideal gas law is familiar to anyone who has taken a college chemistry course: P V = νRT. This problem will show you why the ideal gas law has this form. We can arrive at this expression just by using classical mechanics! Consider a box of volume V containing N particles, each having mass m, that are moving horizontally with average speed v. The particles bounce back and forth between the end walls of the container, which have area A. They are spread out uniformly in the box, so that there are n = N/V particles per cubic meter.

Single Collision — Consider a single particle bouncing off a wall of the container. In an elastic collision, how much momentum is transferred to the wall of the container? (The wall has a much greater mass than a particle.)

Multiple Collisions — If there are N collisions like the one you analyzed in the preceding question, how much momentum will be transferred to the wall? Time Interval — How many collisions will occur in time ∆t? Express your result N in terms of the average speed v, the particle density n, the area of the wall A, and the time interval ∆t. (Remember: At any given time, only half the particles will be moving toward the wall; the other half will be moving away.)

Average Force — What is the average force on the wall due to the N collisions of the previous question? (Recall Newton’s Second Law: F = ∆p/∆t.)

Average Pressure — What is the average pressure on the wall?

Kinetic Energy — Rewrite your result in terms of the average kinetic energy of the particles: E = 1/ 2mv^2 .

Ideal Gas Law? — Rearrange your result to resemble the ideal gas law. That is, derive an expression that relates P, V , N, and E.

Average Energy — What value of the average energy E would give the physicists’ version of the ideal gas law, P V = N kBT?

In matlab I have created the following function that calculates the distance a projectile travels when shot from
a cannon given initial velocity and theta.

function [distance, xplot, yplot] = Cannon_lab8(V, theta)

g = -9.81; % gravity m/s^2
k = 0.35; % drag coefficient
Vx = V*cos(theta); %velovity in x-direction
Vy = V*sin(theta); %velovity in y-direction
dt = 0.01; % seconds, time step
x = 0;
y = 0;
xplot(1) = 0;
yplot(1) = 0;
i = 2;

while y >= 0
ax = -k*Vx;
ay = -k*Vy + g;
Vix = Vx;
Viy = Vy;
Vx = Vx + ax*dt;
Vy = Vy + ay*dt;
Vx_avg = (Vix +Vx)/2;
Vy_avg = (Viy +Vy)/2;
dy = Vy_avg * dt;
dx = Vx_avg * dt;
y = y + dy;
x = x +dx;
xplot(i) = x;
yplot(i) = y;
i = i + 1;
end

distance = x; % meters

scatter(xplot,yplot)
axis equal

I am now trying to determine the theta value needed to hit a target. The general aproach to solving for theta is by creating a new function that takes the guess value of theta, the initial velocity, and target distance, and solves for theta needed to hit the target. In this function the distance that the cannon misses the taret by can be calculated and this can be repeaditly calculated until the miss is within 2. so far I have:  

function [theta_target] = aim_lab9(theta_guess, target, V)
miss = Cannon_lab8(V, theta) - target;
dtheta = 0.1;
while abs(miss) > 2
miss = Cannon_lab8(V, theta_guess) - target;   
theta_new = theta_guess + dtheta;
miss2 = Cannon_lab8(V,theta_new) - target;
end

I need help determining the theta_target. I would also like for the code to check and see if the target is within range.

thank you!

On January 1, 2008, Davis Corporation issued $3,000,000 of 8% bonds at 101. Interest is paid annually on December 31 of each year. The bonds mature on December 31, 2027, and the company uses the straight-line method of amortization. On January 2, 2016, Davis reacquired the bonds and recognized a loss of $91,000.

Prepare the journal entry to record the reacquisition of Davis’s bonds on January 2, 2016.

Calculate the reacquisition price of the bonds on January 2, 2016.

(1) (5 pts) What are the differences between nominal GDP and real GDP? (2) (5 pts) Suppose the real GDP in 2016 is 1 trillion dollar and the real GDP in 2017 is 1.2 trillion dollar, what is the growth rate of the real GDP from 2016 to 2017? (3) (5 pts) Suppose the nominal GDP growth rate is 15% from 2016 to 2017, what is the inflation rate measured by the GDP deflator,(i.e. inflation rate)?

In your work as an accountant you advise a client, Avon Pty. Ltd. (Avon), on various matters. Avon entered into a $500,000 one year contract in June 2016 with Central Queensland University (a registered Research Service Provider) to undertake research and development for Avon. The contract was to run from July 2016 to June 2017. Avon wants your advice about tax offsets and how this expense could be treated by the ATO in the 2016-17 tax year.