Government of Ghana's flagship programme of one district one factory is aimed at consolidating the nation's efforts towards industrialisation with a major goal of creating employment for the teaming youth and for Ghanaians to patronize made in Ghana goods. previous government efforts targeted National Board of small Scale industries to serve as a spring board in achieving these goals. the challenge is that our small and medium Enterprise have not lived up to expectations due their inability to provide adequate and relevant data to prompt management decisions making. Ghanaians SME are donated by one man self style business without the needed skilled human resources and are not interested in joint ventures or partnerships to take advantage of any synergy, making Ghana to lack in the global industrial ranking. Chinese industries have grown and exported everything under the sun including COVID 19 as a result of good cost and management accounting practice. we need to grow our SME,s the question is how do we do it?
(a) As a level 300 student select any Ghanaians business set up and design a cost and management accounting systems bearing in mind costing methods and techniques in cost entertainment. which will ultimately help the business entity in costing and pricing of its products and services for the Ghanaians economy.
(b) what were the relevant data obtained from your write up to assist management in its decision making role?

From the following information calculate taxable income and tax liability of Mr. Zawad for the income year ended 30th June, 2018. Basic pay Tk. 20,000 per month; House rent allowance Tk. 8000 per month; Entertainment allowance Tk. 6000 per quarter; He contributed 10% of basic salary in a recognized provident fund and his employer contributed half the amount in the fund; He contributed Tk. 5000 as the said fund as interest for the year @ 14.5%; Two festival bonuses, One for Eid-ul –Fitr and another for Eid-ul-Adha. In Eid-ul-Fitr – One full month’s basic and 50% of a full month’s basic in Eid-ulAdha; He received rent from his house property Tk. 400,000 during the year; whereas municipal value of the house is Tk. 320,000; He incurred Tk. 120,000 for repair and Tk. 6000 city corporation tax for the house rent during the year; He received interest from post office savings bank account Tk. 4500 and dividend from a limited company Tk. 8100; Sale of forest timber Tk. 10,000; He paid the life insurance premium of Tk. 30,000; purchased savings certificate Tk. 50,000 and also purchased primary share of a listed public company Tk. 40,000 during the year.

Claim Refusal: Can't Evict Tenant

As the owner of Prairie State Business Plaza, you must respond to the request of Myles Jordan, one of the tenants in your two-story office building. Mr. Jordan, a financial planner, implores you to evict a neighboring tenant who plays loud music throughout the day, interfering with Mr. Jordan's conversations with clients and with his concentration. The noisy tenant, Brody Bates, seems to operate an entertainment booking agency and spends long hours in his office. You know that you can't evict Mr. Bates because, as a legal commercial tenant, he is entitled to conduct his business. However, you might consider moving him to a different office. Another possibility is adding soundproofing, an expense that you would prefer to share with Mr. Bates and Mr. Jordan. You might also discuss limiting the time of day for noisemaking. When you searched the Web for information about commercial eviction, you learned that you have very few options.

Your Task. Decide what to do. Then write to Mr. Jordan denying his request, but strive to retain his goodwill. Tell him how you plan to resolve the problem. Address your letter to Mr. Myles Jordan, 2303 Prairie State Blvd., Wichita, KS 67336.

The accounts in the Adjusted Trial Balance (after any adjusting entries) at the end of the accounting period for Lord Fairfax Entertainment Co. are listed BELOW in alphabetical order. All accounts have normal balances.

Based on the ABOVE information and YOUR calculations, recommend preparing the four POST CLOSING journal entries using the account titles/descriptions: Fees Earned, Income Summary, Capital Stock, Dividends, Supply Expense, and Wage Expense. Remember, you will not be using some of the account balances at the top as they are permanent account and are not closed out.

Complete below only the third step to close out the Income Summary Account.

Q: Apr 30 Third step to close our the Income Summary Account is:

a. Debit income summary $2,500; Credit Capital Stock/Retained Earnings $2,500

b. Debit Income Summary $3,400, Credit Capital Stock /Retained Earnings $3,400

c. Debit Capital Stock/Retained Earnings $3,400; Credit Income Summary $3,400

d. Debit Capital Stock/ Retained Earnings $10,000; Credit Income Summary $10,000

Sold 3 rock foundations on account to the customer, Amy's Bird sanctuary, $825 plus 8% sales tax, total $891

sold 20 sprinkler heads on account to the customer, Sushi by katsuyuki, $40 plus 8% sale tax, total $43.20

Complete 4 hours of installation of landscape design for Kookies by kathy, received $200.

Complete 3 hours custom design work for cool cars, received $225.

Complete 10 hours of custom design work on account for the customer, John Melton, $750.

Received a bill from Lee advertising, $250, for local paper advertising

Received a bill from Cal telephone for $56.50, for telephone expense.

Received a bill from PG&E for $86.44, for utilities gas and electric expense.

Received a bill from Hall Properties for $900, for building lease.

Issued check No.71 from the checking account to Chin's gas and oil, $48.05, for automobile. In the account field, Type the amount, $48.05 select sample company, the default check number.

Issued check No. 72 to Ellis equipment rental, from the checking account, $115, for equipment rental, and expenses account.

Issued check No. 73 to red Rock Dinner, from the checking account, for $23.37, for meals and entertainment.

Display the trial balance. In the transaction date field.
Trial balance:

Checking 1,439.58

Accounts receivable 6,965.72

Accounts payable 2,895.61

Design Income 3,225.00

Advertising 324.86

NPV and ANPV decisions   Personal Finance Problem Richard and Linda Butler decide that it is time to purchase a​ high-definition (HD) television because the technology has improved and prices have fallen over the past 3 years. From their​ research, they narrow their choices to two​ sets, the Samsung​ 64-inch plasma with 1080p capability and the Sony​ 64-inch plasma with 1080p features. The price of the Samsung is ​$2,305 and the Sony will cost ​$2,730. They expect to keep the Samsung for 3​ years; if they buy the more expensive Sony​ unit, they will keep the Sony for 4 years. They expect sell the Samsung for ​$405 by the end of 3​ years; they expect to sell the Sony for ​$375 at the end of the year 4. Richard and Linda estimate that the​ end-of-year entertainment benefits​ (i.e., not going to movies or events and watching at​ home) from the Samsung to be $950 and for the Sony to be $1,035. Both sets can be viewed as quality units and are equally risky purchases. They estimate their opportunity cost to be 9.2%. The Butlers wish to choose the better alternative from a purely financial perspective. To perform this analysis they wish to do the​ following:

a. Determine the NPV of the Samsung HD plasma TV.

b. Determine the ANPV of the Samsung HD plasma TV.

c. Determine the NPV of the Sony HD plasma TV.

d. Determine the ANPV of the Sony HD plasma TV.

e. Which set should the Butlers purchase and​ why?

NPV and ANPV decisions   Personal Finance Problem Richard and Linda Butler decide that it is time to purchase a​ high-definition (HD) television because the technology has improved and prices have fallen over the past 3 years. From their​ research, they narrow their choices to two​ sets, the Samsung​ 64-inch plasma with 1080p capability and the Sony​ 64-inch plasma with 1080p features. The price of the Samsung is

​$2 comma 3402,340

and the Sony will cost

​$2 comma 7002,700.

They expect to keep the Samsung for 3​ years; if they buy the more expensive Sony​ unit, they will keep the Sony for 4 years. They expect sell the Samsung for

​$420

by the end of 3​ years; they expect to sell the Sony for

​$340

at the end of the year 4. Richard and Linda estimate that the​ end-of-year entertainment benefits​ (i.e., not going to movies or events and watching at​ home) from the Samsung to be

​$890

and for the Sony to be

​$1 comma 0251,025.

Both sets can be viewed as quality units and are equally risky purchases. They estimate their opportunity cost to be

8.9 %

The Butlers wish to choose the better alternative from a purely financial perspective. To perform this analysis they wish to do the​ following:

a. Determine the NPV of the Samsung HD plasma TV.

b. Determine the ANPV of the Samsung HD plasma TV.

c. Determine the NPV of the Sony HD plasma TV.

d. Determine the ANPV of the Sony HD plasma TV.

e. Which set should the Butlers purchase and​ why?

Ms Yvette Bordeaux has asked you to prepare specified personal financial statements on her behalf. Yvette is a 33 year-old employed landscape gardener and has a gross income of $55,000 for the 2018 financial year. In addition, Yvette’s employer also contributes 9.25% of her gross income into a personal superannuation fund that you have set up to fund her retirement. Fortnightly salary deductions (based on gross income) for Yvette are as follows:

            Details                                                Percentage

            Taxation                                                          20

            Personal super contributions                        7

            Health cover                                                    3

            Union fees                                                       2

Other expenditures incurred by Yvette for the 2018 financial year are as follows:

Details                                                Amount ($)               

Household expenses                             10,000

Mortgage loan repayments                  12,000

Credit card repayments                           8,000

Entertainment expenses                          5,000

Yvette has also provided a list of her assets and liabilities based on the information that she currently has available as shown below:

Details                                                Amount ($)               

Assets -

House                                                              400,000

Personal effects                                             15,000

Superannuation                                              160,000

Car                                                                     10,000

Savings account                                                 2,000

Liabilities -

Mortgage loan                                                  250,000

Credit card balance                                           10,000

(a)       Prepare a personal cash flow budget for Yvette for the 2018 financial year based on the information provided.

(b)       Prepare a current personal balance sheet for Yvette based on the information provided.

Required information

Problem 9-1B Record and analyze installment notes (LO9-2)

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[The following information applies to the questions displayed below.]

On January 1, 2021, Stoops Entertainment purchases a building for $610,000, paying $110,000 down and borrowing the remaining $500,000, signing a 9%, 15-year mortgage. Installment payments of $5,071.33 are due at the end of each month, with the first payment due on January 31, 2021.

Problem 9-1B Part 3

3-a. Record the first monthly mortgage payment on January 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Journal entry worksheet

• Record the first monthly mortgage payment.

Note: Enter debits before credits.

3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places.)

4. Total payments over the 15 years are $912,839 ($5,071.33 × 180 monthly payments). How much of this is interest expense and how much is actual payment of the loan?