Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.)
During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.)
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 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12-Apr Withdrawn from Bank RO 12,500 for office use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 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 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 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 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 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 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 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
In: Economics