Management at Caribo Limited were monitoring their cash flow. They requested their accountant to prepare a cash budget for the four months ending 30 April 2016.

(i) The following sales figures are for the months of November 2015 to June 2016. The figures from January 2016 onward are estimated:

Half the sales are normally paid for in the month in which they occur and the customers are rewarded with a 5% cash discount. The remaining sales are paid for net in the month following the sale.

(ii) Goods are sold at a mark-up of 25% on the goods purchased one month before sale. Half of the purchases are paid for in the month of purchase and a 4% prompt settlement discount is received. The remainder is paid in full in the following month.

(iii) Wages of $12000 per month are paid in the month in which they are earned. It is expected that the wages will be increased by 10% from 1 March 2016.

(iv) Rent will cost $60000 per annum payable three monthly in advance in January, April, July and December each year.

(v) The directors have arranged a bank loan of $60000 which would be credited to company’s current account in February 2016.

(vi) The half-yearly interest on 200000, 8% debentures of $1 each is due to be paid on 15 January 2016.

(vii) The ordinary dividend of $12000 for the year 2015 will be paid in March 2016.

(viii) The bank balance at 31 December 2015 is $12000.

Required: 1) Prepare a cash budget for the four months ended 30 April 2016. Round off to the nearest $.

Please be precise as to how to calculate purhcases (I am very confused as to how this is calculated)

2. Does resting membrane potential and equilibrium potential of sodium both change during an action potential?

3. How is the action potential affected with a defect in the Na+/K+ pump and a deleterious mutation in the leak channels?

2^nd Tax Case: Commissioner of Taxation v Seven Network Ltd [2016] FCAFC 70.

In providing your analysis, the following 5 points must be addressed:

1^st The arguments and Facts of the case.

2^nd What the taxpayer said.

3^rd What the main issue is.

4^th What the Commissioner’s argument was.

5^th What the Judges said.

PLEASE I NEED THIS ANSWER WITHIN 1 HOUR

Increased government spending will reduce long-run growth rate of real GDP if :

a. the government spending involves building dams and levees.

b. the private spending that is crowded out is investment spending.

c. the private spending that is crowded out is consumption spending.

d. the government spending involves increased spending on highways and bridges.

Here’s a fun experiment to try on your friends. Show them a picture of the same line segment for about 1 second. Then, ask each person to draw a line segment congruent to the one they saw. For each person, you can calculate (reproduction length) − (original length). It turns out, the errors are normally distributed with mean 0 (some people underestimate the true length, some overestimate it). Indeed, it is so common that error ideas are normally distributed that this is where the “normal” curve got its name (normal, as in common or routine). If you know that 6% of people will draw the segment too long by 3 cm or more in this experiment, what is the standard deviation in the errors?

Name five items that can be found in the operating activities of the cash flow statement.

b. Name five items that can be found in the investing activities of the cash flow statement.

c. Name five items that can be found in the financing activities of the cash flow statement.

d. Show how the following is treated when reconciling the net income to the cash from operating activities when a company uses the direct method to prepare the cash flow statement.

i. Interest (1 mark)

ii. Tax (1 mark)

iii. Depreciation (1 mark)

iv. Loss on sale of property (1 mark)

v. Impairment (1 mark)

QUESTION 2

a. Name five items that can be found in the operating activities of the cash flow statement.

b. Name five items that can be found in the investing activities of the cash flow statement.

c. Name five items that can be found in the financing activities of the cash flow statement.

d. Show how the following is treated when reconciling the net income to the cash from operating activities when a company uses the direct method to prepare the cash flow statement.

i. Interest (1 mark)

ii. Tax (1 mark) i

ii. Depreciation (1 mark)

iv. Loss on sale of property (1 mark)

v. Impairment (1 mark)

In order to gauge the success of the opposing pieces, think back to the rhetorical triangle: Does the author appeal to logos through the use of facts, statistics, logic, etc? Are anecdotes, narrative examples, personal stories, etc. used to create pathos? Does the author invoke ethos by appealing to the reader’s sense of right and wrong? Also, does the author establish his/her credibility through knowledge, tone, etc? Is there anything else about the author’s writing that is particularly effectual in helping him/her to reinforce his/her thesis?

The Caribbean Industrial Producers manufactures two products, “Zinc” and” “Ply”. The following sales forecast for 2016 was decided on by the budget committee and presented to you the management accountant.

                                                     Sales forecast

Notes:

(i) During 2016 the company sold one unit of Zinc for $1,200 while one unit of Ply was sold for $$1,500.

(ii) To make one unit of Zinc four units of raw material BZN980 are used, while two units of raw material CZN980 are used to produce one unit of Ply.                                          .

(iii) Raw materials stock in units at the end of each month is to be held at a level equal to twenty percent (20%) of the forecasted sales for the next month.

(iv) It was decided by management that at the end of each month there should be enough finished goods stock on hand to meet fifteen (15%) of the sales for the next month.

(v) During 2016, direct raw material charge per unit was budgeted at ten percent (10%) of the unit selling price of the finished products.

Required:

For the period, January 2016 to April 2016 do the following:

1. The company’s sale budget.                                                                                 
2. The production budget for both products.                                                          
3. The direct raw materials usage budget for both products.                                   
4. The direct raw materials purchases budget.                                                        
5. Outline four advantages that can be derived from proper budgeting practices within an organization.                                                                                                                    
6. Briefly explain, using two examples what is meant by a “limiting budget factor”