Questions
Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume...

Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.)

  1. 1) Acquired $1,350 cash from the issue of common stock.
  2. 2) Borrowed $820 from a bank.
  3. 3) Earned $1,000 of revenues cash.
  4. 4) Paid expenses of $330.
  5. 5) Paid a $130 dividend.

During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.)

  1. 1) Issued an additional $725 of common stock.
  2. 2) Repaid $500 of its debt to the bank.
  3. 3) Earned revenues of $1,150 cash.
  4. 4) Incurred expenses of $520.
  5. 5) Paid dividends of $180.

What is the net cash inflow from operating activities on Packard's statement of cash flows for Year 2?

  • $540

  • $1,395

  • $630

  • $1,000

In: Accounting

Al Diwan Dates is a supplier of dates in Dakhliya region. The Business has been expanded...

Al Diwan Dates is a supplier of dates in Dakhliya region. The Business has been expanded to produce Omani Halwa and has a recently set up a retail store in Nizwa Grand Mall. The business in this new store is pretty good and so there is lot of cash and bank transactions during each month. In the month of April 2020 AL Diwan Dates has observed that some of the entries made in the cash book and bank book are not proper. The have recently appointed you as a accountant for the branch in Nizwa Grand Mall. Based on your understanding, about the Topic discussed above, you are required to write the cash /bank book for the month of April 2020. The transaction for the month of April 2020 are given below. Note ** in case of shortage of funds in bank, Overdraft facility has been arranged.

1-Apr Opening Balance of Cash is RO 25,000 and of Bank is RO 625,000

3-Apr Withdraw cash from Bank RO 62,500

4-Apr Purchased goods from Lucent Electricals RO 125,000 and issued cheque after deducting 5% discount

5-Apr Sold goods to Abdur Rahman for RO 5,000 on 15 days credit

7-Apr Paid Elecricity Charges for the month of Mar RO 5000.

8-Apr Purchased Room Heaters from Spherehot Trading for RO 37,500 and paid the bill by cheque

10-Apr Received cash from old customers RO 7,500 for sale made in the last month.

11-Apr Al Jadidi Enterprise purchased goods from us for RO 10,000 less cash discount 5%.

12-Apr Withdrawn from Bank RO 12,500 for office use

14-Apr Purchased goods from M/S Obaidani for RO 15,000 and paid Cheque for RO 15,000

15-Apr Purchased Lockers for office from M/S Fahmy RO 20,000 for 50% was paid in cash

the balance amount was to be paid in 10 equal monthly instalment from the end of this month.

17-Apr The police imposed a fine for RO 1,000 for crossing the red signal .

20-Apr Received cash from Abdur Rahman

22-Apr Sold goods to Arabisc for cash RO 8,750

25-Apr Purchased goods from Al Jamoudi for RO 20,000 of which RO 7,500 was to be paid in cash

27-Apr Paid for revewal of resident card for workers RO 1,500

28-Apr Purchased Stone Cutters from CAT for RO 30,000 by paying 10% of the value and balance

payable in monthly instalments of RO 500 starting from next month.

29-Apr Paid medical insurance premium of Staff for RO 1,650

30-Apr Deposit in Bank RO 37,500

30-Apr Paid Salary to Staff for April RO 8,750 by direct debit in the staff bank account.
Note: need solving in Microsoft Excel

In: Accounting

Trump’s imposition of $260 billion tariff in the Month of May 2019 (taxes on imports to...

Trump’s imposition of $260 billion tariff in the Month of May 2019 (taxes on imports to the US Market) on Chinese exports to the US has caused a global tension in financial markets and related business activities. In retaliation of Trump’s tariff, China also imposed almost similar amount of tariff on US exports to China about $200 billon. In response to this trade war between the US and China, the US stock price indices of the Wall Street plummeted in May and June 2019. Th stock market in Shanghai in China also crashed at the same time. The data on new job for the US economy in May showed a very slow rate of job creation at the same time. Given this scenario from the US-China trade war and given your knowledge on macro model of AD an AS, do you think the the retaliation of China in response to Trump’s Tariff would have a negative impact on the US economy in near future? Give your reason in your opinion as to why or why not the case.

In: Economics

IBM., a successful US-based MNC, is considering how to obtain funding for a project in Argentina...

IBM., a successful US-based MNC, is considering how to obtain funding for a project in Argentina during the next year. It considers the following information:
US Risk free rate= 8%
• Argentine risk free rate=12%
• Risk premium on dollar-denominated debt provided by US creditors=3%
• Risk premium on peso-denominated debt provided by US creditors=5%
• Beta of project (expected sensitivity of project returns to US investors
response to the US market)=1.5
• Beta of project (expected sensitivity of project returns to AR investors
response to the AR market)=1.8
• Expected US market return=15%
• Expected AR market return=14%
Us corporate tax rate=30%
• Argentine corporate tax rate =30%
Creditors will likely allow no more than 50 percent of the financing to be in the form of debt, which implies that equity must provide at least 50% of the financing that can be financed from subsidiary also. But financing fragment cannot be less than 20%.

In: Finance

Trump’s imposition of $260 billion tariff in the Month of May 2019 (taxes on imports to...

Trump’s imposition of $260 billion tariff in the Month of May 2019 (taxes on imports to the US Market) on Chinese exports to the US has caused a global tension in financial markets and related business activities. In retaliation of Trump’s tariff, China also imposed almost similar amount of tariff on US exports to China about $200 billon. In response to this trade war between the US and China, the US stock price indices of the Wall Street plummeted in May and June 2019. Th stock market in Shanghai in China also crashed at the same time. The data on new job for the US economy in May showed a very slow rate of job creation at the same time. Given this scenario from the US-China trade war and given your knowledge on macro model of AD an AS, do you think the the retaliation of China in response to Trump’s Tariff would have a negative impact on the US economy in near future? Give your reason in your opinion as to why or why not the case.or paste question here

In: Economics

1)Trace the impact of a new free credit card on the us economy. How would this...

1)Trace the impact of a new free credit card on the us economy. How would this differ from a fee credit card?

2)How does the treasury call in bonds? Trace the effect of calling in bonds on the US economy

In: Economics

Required information Use the following information for the Exercises below. [The following information applies to the...

Required information

Use the following information for the Exercises below.

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

Laker Company reported the following January purchases and sales data for its only product.

Date Activities Units Acquired at Cost Units sold at Retail
Jan. 1 Beginning inventory 155 units @ $ 8.00 = $ 1,240
Jan. 10 Sales 115 units @ $ 17.00
Jan. 20 Purchase 90 units @ $ 7.00 = 630
Jan. 25 Sales 95 units @ $ 17.00
Jan. 30 Purchase 210 units @ $ 6.50 = 1,365
Totals 455 units $ 3,235 210 units


The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 245 units, where 210 are from the January 30 purchase, 5 are from the January 20 purchase, and 30 are from beginning inventory.

Exercise 5-4 Perpetual: Income effects of inventory methods LO A1

Required:
1.
Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $1,400 and that the applicable income tax rate is 40%. (Round your Intermediate calculations to 2 decimal places.)

In: Accounting

Student nurses are often reminded to use open-ended communication techniques with patients. Why might open-ended questions...

Student nurses are often reminded to use open-ended communication techniques with patients.

Why might open-ended questions and interview techniques not always be the most effective approach with a patient who has a possible personality disorder?

Does this mean nurses should stick with “yes” or “no” questions when interviewing these patients? Or does the text suggest ways to adapt open-ended interviewing to elicit more objective responses from these patients? (Hint: Think about perspective.)

What are some example questions you would ask a patient with a personality disorder?

In: Nursing

Student nurses are often reminded to use open-ended communication techniques with patients. Why might open-ended questions...

Student nurses are often reminded to use open-ended communication techniques with patients.

Why might open-ended questions and interview techniques not always be the most effective approach with a patient who has a possible personality disorder?

Does this mean nurses should stick with “yes” or “no” questions when interviewing these patients? Or does the text suggest ways to adapt open-ended interviewing to elicit more objective responses from these patients? (Hint: Think about perspective.)

What are some example questions you would ask a patient with a personality disorder?

In: Nursing

Arthur is in his mid-fifties. He is applying for a job at ABC Corp to be...

Arthur is in his mid-fifties. He is applying for a job at ABC Corp to be a software engineer. He meets all of the qualifications for the job. During the interview, it became obvious that the interviewer was worried that his computer skills and work speed would be negatively impacted by his age. One of the questions from the interviwer queried whether Arthur finds himself at disadvantage when working on projects with 20-year-old colleagues. Arthur did not get the job.
Does Arthur has a legal cause of action against ABC Corp? why or why not?

In: Economics