Imagine you are CEO of a local hospital. Which policies and procedures would you develop and deploy in order to facilitate superior strategy execution?

International economics                                             Name:____________________

Balance of Payments

1.         Use the table below to answer the following questions.

a.         Classify the transactions below by putting a dollar value in the appropriate column.  Total the columns at the bottom.  The first is done as an example.

b.         Does the U.S. have a current account surplus (inflow of dollars) or deficit (outflow of dollars)?  How much?

c.         Does the U.S. financial account have a net inflow of dollars or a net outflow of dollars?  How much?

            Use the letters in the first column to answer the following questions.

d.         Which transaction(s) represent a remittance?  ________

e.         Which transaction(s) represent a direct investment?  ________

f.          Which transaction(s) represent a U.S. export of goods?  ________

g.         Which transaction(s) represent a U.S. service export?  ________

h.         Which transaction(s) represent a portfolio investment?  ________

i.          What is the total amount of dollar inflows?  __________

j.          What is the total amount of dollar outflows?  __________

Stellar Ltd prepares accounts to 31March every year. Its latest trial balance for the year ended 31 March 2020 is provided below.

Stellar Ltd Trial Balance as at 31 March 2020

Additional information as at 31March 2020 is provided below:

1. Inventories at close of business on 31 March 2020 was valued at £17,500,000 at cost.
2. A cash dividend of £0.10 per share was paid to ordinary shareholders on 27 March 2020. No entries have been made in the accounts for this transaction.
3. Due to the contractual obligation to pay preference dividends, the company recognises and accounts for preference shares as a liability.
4. Depreciation is to be provided for the year ending 31March 2020 as follows:
   1. Property at 1% per annum on cost.
   2. Plant and equipment at 5% per annum on a reducing balance basis.
   3. The depreciation charge for the year is to be apportioned to administrative and distribution expenses as per the table below:

5. Interest on the debentures has not yet been paid and needs to be accrued for the year.
6. To be prudent, the directors wish to create an allowance for receivables equal to 1% of trade receivables. It is company policy to classify all bad debts and any allowances for receivables as distribution expenses.
7. Staff costs outstanding at the financial year end amounted to £500,000 and other expenses included £300,000 which had been paid in advance. Both these expenses are chargeable 60% to administration and 40% to distribution.
8. The amount for rent in the trial balance above relates to the period 1 April 2019 to May 2020. Rent expense is charged 30% to administration and 70% to distribution.
9. Half of the general expenses relate to administration and half to distribution.
10. The corporation tax charge is to be provided at 20% of profits after charging all expenses and interest

Prepare the Statement of Profit and Loss, the Statement of Changes in Equity and the Statement of Financial Position of Stellar Ltd for the financial year end 31 March 2020. (You should show all your workings).

Stellar Ltd prepares accounts to 31March every year. Its latest trial balance for the year ended 31 March 2020 is provided below.

Stellar Ltd Trial Balance as at 31 March 2020

Additional information as at 31March 2020 is provided below:

1. Inventories at close of business on 31 March 2020 was valued at £17,500,000 at cost.
2. A cash dividend of £0.10 per share was paid to ordinary shareholders on 27 March 2020. No entries have been made in the accounts for this transaction.
3. Due to the contractual obligation to pay preference dividends, the company recognises and accounts for preference shares as a liability.
4. Depreciation is to be provided for the year ending 31March 2020 as follows:
   1. Property at 1% per annum on cost.
   2. Plant and equipment at 5% per annum on a reducing balance basis.
   3. The depreciation charge for the year is to be apportioned to administrative and distribution expenses as per the table below:

5. Interest on the debentures has not yet been paid and needs to be accrued for the year.
6. To be prudent, the directors wish to create an allowance for receivables equal to 1% of trade receivables. It is company policy to classify all bad debts and any allowances for receivables as distribution expenses.
7. Staff costs outstanding at the financial year end amounted to £500,000 and other expenses included £300,000 which had been paid in advance. Both these expenses are chargeable 60% to administration and 40% to distribution.
8. The amount for rent in the trial balance above relates to the period 1 April 2019 to May 2020. Rent expense is charged 30% to administration and 70% to distribution.
9. Half of the general expenses relate to administration and half to distribution.
10. The corporation tax charge is to be provided at 20% of profits after charging all expenses and interest

Prepare the Statement of Profit and Loss, the Statement of Changes in Equity and the Statement of Financial Position of Stellar Ltd for the financial year end 31 March 2020. (You should show all your workings).

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.

Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $181,800.

Direct Materials

Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit.

Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31, 2019, totaled 11,370 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $102,870.

Other Information

The Cash balance on December 31, 2019, totaled $100,000, but management has decided it would like to maintain a cash balance of at least $700,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $2.30 per share for 4,910 shares outstanding. The company has an open line of credit with Romney’s Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 9% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $500,000 equipment purchase is planned for February.

For the first quarter of 2020, prepare a cash budget. (Round answers to 0 decimal places, e.g. 2,520.)

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.

Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $181,800.

Direct Materials

Direct materials cost 80 cents per pound. Two pounds of direct materials are required to produce each unit.

Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Raw Materials on December 31, 2019, totaled 11,380 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2019, totaled $102,875.

Other Information

The Cash balance on December 31, 2019, totaled $101,000, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2020. Dividends are paid each month at the rate of $2.40 per share for 5,340 shares outstanding. The company has an open line of credit with Romney’s Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 9% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $460,000 equipment purchase is planned for February.

For the first quarter of 2020, prepare a cash budget. (Round answers to 0 decimal places, e.g. 2,520.

Subject is Financial reporting (Answer is require on immegiate basis)

Q.No.6: General Fan Company (GFC) acquired an item of machinery with an amount of Rs.2 million. The company also incurred modification expenditure of Rs. 200,000 and carriage and erection cost of Rs.100,000. The machinery has a useful life of 10 years with no scrap value. The company was able to acquire a government grant of 50% against its purchase price but the grant could not be received by June 30, 2019.The accounting policy of the company is to treat the government grant as deferred credit and transfer a part of the grant to income every year.                                                                                                                               (Marks 06)

Required:

Prepare extracts of General Fan Company’s financial statements for the year ended June 30,2019 for the machinery and the associated grant as per IAS-20 Accounting for Government Grants and Disclosure of Government Assistance

Can you show how to draw the normal curve for each of the problems and label it as well?

Heights of MEN in the U.S. are normally distributed µ = 69.6 inches with σ = 3 inches.

-________ percent (to nearest %) of men in the U.S. are either shorter than 5 ft. or taller than 6 ft?

-In a group of 150 U.S. men, approximately ________ of them should be shorter than 65 inches.

-A male height of _______________ corresponds to the 58th percentile in the U.S. population. -_______________ is the cutoff height to be in the top 12% of male heights in the U.S.

-The middle 72% of U.S. men will be between ________ inches and ________ inches tall. -A man in the U.S. shorter than ___________ inches would be considered "unusually short. ( Can you Show your work or explain answer.)

Can you show how to draw the normal curve for each of the problems and label it as well?

Heights of MEN in the U.S. are normally distributed µ = 69.6 inches with σ = 3 inches.

-________ percent (to nearest %) of men in the U.S. are either shorter than 5 ft. or taller than 6 ft?

-In a group of 150 U.S. men, approximately ________ of them should be shorter than 65 inches.

-A male height of _______________ corresponds to the 58th percentile in the U.S. population. -_______________ is the cutoff height to be in the top 12% of male heights in the U.S.

-The middle 72% of U.S. men will be between ________ inches and ________ inches tall. -A man in the U.S. shorter than ___________ inches would be considered "unusually short. ( Can you Show your work or explain answer.)