I'm a resident in Australia and after singing an agreement with my company In Australia, to work for a company in France, and my company provided me with a house to stay for the two years im working there as a employment package.

Will I be considered an Australian resident or a non-resident, for tax purposes while working in France?

Would the leased house that has been provided by my company as an employment package make me a non Australian resident for tax purposes or would I still be considered an Australian resident for tax purposes.

Also note that I have no intention to live in the overseas country.

I know that if I leased a house oversea I would be considered a non resident in Australia but What if my company provided me with a house? Would I be deemed as a non resident In Australia?  

Super Man is a trading company with financial year ending every 31 December. The company is preparing their financial statements for the year ending 31 December 2018 and the following is Super Man’s Trial Balance as at that date.

Super Man Trial Balance as at 31 December 2018 ('000)

Property, plant and equipment 65,520 (DEBIT)

Accumulated depreciation 7,520 (CREDIT)

Intangible asset 3,780 (DEBIT)

Inventories – 1 January 2018 81,970 (DEBIT)

Other Short-term Investments 2,760 (DEBIT)

Trade Receivables 66,320 (DEBIT)

Cash and cash equivalents 34,650 (DEBIT)

Share capital 40,050 (CREDIT)

Retained earnings – 1 January 2018 82,332 (CREDIT)

Long-term loans 33,090 (CREDIT)

Short-term borrowings 46,090 (CREDIT)

Trade payables 51,310 (CREDIT)

Revenue 331,080 (CREDIT)

Allowance for doubtful debt 50 (CREDIT)

Purchase 229,472 (DEBIT)

Administrative expenses 34,360 (DEBIT)

Distribution expenses 64,350 (DEBIT)

Finance cost 3,630 (DEBIT)

Taxation expense 1,540 (DEBIT)

Rental income 3,170 (DEBIT)

TOTAL DEBIT: 591,522

TOTAL CREDIT: 591,522

Additional information:

a. Depreciation for the financial year ending 31 December 2018 for property, plant and equipment have been charged and included in the accumulated depreciation account in the trial balance.

b. The company received a grant worth RM6,000 on 15 December 2018. It was an incentive by the government for retraining a group of its employees. The three-month training started in December 2018 has a cost of RM10,000 a month. None of the transactions related to the above has been recorded.

c. Included in the long-term loans is a loan worth RM4,000,000 at 5% annual interest, granted by a local bank on 1 August 2018, for five-year period. Installment for the month of December 2018 has not been paid yet and the related interest for the installment was RM15,200. None of the transactions related to the above has been recorded.

d. The intangible asset was capitalized from the cost of research and development made by the company between 2016 and 2017, recognized in December 2017. The asset that resulted from the research and development process will last for 60 years and it is the company’s policy to amortize the intangible assets over 10 years. No record has been made in relation to the amortization for the financial year 2018.

e. The company is in the middle of a court case with Kinoyu Berhad. The company refused to accept a batch of goods delivered to it in January 2018 due to its misspecification. Consequently, Kinoyu Berhad is suing the company in August 2018 and asking for a compensation of RM3,000,000 for breaking their trade contract. At the end of December 2018, the lawyers that represent Super Man gives a 50-50 percent chance to win.

f. Stocktake as at 31 December 2018 revealed inventory cost amount of RM80,600,000. However, one batch of the inventory was damaged and need to be repackaged. The cost of repackaging was RM5,000 to enable it to be sold at RM110,000. The cost for the batch was RM100,000.

Question:

Show the necessary adjusting journal entries for the additional information above.

P3-1. Calculating Ratios Below are the financial statements for Mowing and Maintenance, Inc.

Paul’s Plowing, Inc. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars)

Assets 2018 2017

Cash and marketable

securities $   140 $ 120   

Accounts receivable $240 $230

Inventory    $ 500 $425

Total Current Assets  $ 880 $ 775

Total assets $2,200 $1,850

Liabilities & Equity     2018    2017

Current liabilities:

Accrued wages and taxes $    80    $    90

Accounts payable     $ 130 $ 120

Notes payable    $240 $210

Total Current Liabilities  $ 450     $ 420

Long-term debt: $ 900     $ 750

Fixed assets:

Gross plant and equipment $1,180 $1,005

Less: Depreciation $160 $ 150

Net plant and equipment $1,020 $ 855

Other long-term assets $ 300 $ 220

Total Fixed Assets $1,320 $1,075

Stockholders’ equity:

Preferred stock (5 million shares) $    10    $    10

Common stock and paid-in surplus (10 million shares) $200 $ 200

Retained earnings $640 $470  

Total Equity $ 850 $    680

Total liabilities and equity $2,200 $ 1,850

Paul’s Plowing, Inc.

Income Statement for Years Ending December 31, 2018 and 2017

     (in millions of dollars)

2018 2017

Net sales (all credit) $ 920   $762

Less: Cost of goods sold $410 $325

Gross profits $510 $437

Less: Depreciation $14 $10

Other operating expenses $30 $25

Earnings before interest and taxes (EBIT) $466 $402

Less: Interest $96 $82

Earnings before taxes (EBT) $370 $320

Less: Taxes $148 $128

Per (common) share data:

e. Fixed asset turnover 2018: 1.25 times

2017: 1.25 times

f. Total asset turnover 2018: 0.85 times

2017: 0.85 times

g. Debt ratio 2018: 62.5%

2017: 62.5%

h. Times interest earned 2018: 8.50 times

2017: 8.50 times

i. Profit margin 2018: 28.75%

2017: 28.75%

j. ROA 2018: 19.75%

2017: 19.75%

k. ROE 2018: 36.88%

2017: 36.88%

l. Market-to-book ratio 2018: 2.55 times

2017: 2.55 times

m. PE ratio 2018: 15.60 times

2017: 15.60 times

Question 1                      BANK RECONCILIATION

The information given below was extracted from the accounting records of Mika Stores.

Required

1.1 Complete the Cash Receipts Journal and Cash payments Journal of Mika Stores for March 2018 after taking the information provided into account. Use only the columns illustrated below. In the details column write down the name of the contra account e.g Rent income. (11)

Cash Receipts Journal

Cash Payments Journal

1.2 Post to the Bank account in the General ledger of Mika stores. Balance the account. (3)

Mika Stores

1.3 Prepare the Bank Reconciliation Statement as at 31 March 2018. Use the following format:

INFORMATION

Create a project for this assignment. You can name it assignment02 if you wish. Download the database file pizza-190807A.sqlite into the top level of the project.

Create the pizza_services.py module first and put in the code given in the assignment. Using this code ensures that you can use the services in a similar way to the example.

The assignment suggests adding a method customer to the class. This will return a list of rows from the customer table in the database. Go ahead and write this method. It will look very much like the method customer_list from the example.

Now create a Python script part1.py, no need to be subtle here. Set up a with statement similar to the example script, but for pizza. Call the customer method and print out what it returns. This is not exactly what you want, but you should see all the customer data. You will also see what order columns are provided in each row.

Now, write a loop that steps through the rows of data and prints one line for each row. Use formatting with column widths to get the different columns to line up properly.

Ive got this far essentially i need to print data from the database in such that it is the last name fallowed by the first name and then the email address for every row. im not sure if im going in the right direction with my code and just need to know how to read and print the names and info from the table

pizza service.py

import sqlite3

class PizzaServices:

    def __init__(self):
        self.connection = sqlite3.connect("pizza-190807A.sqlite")

    def __enter__(self):
        return self

    def __exit__(self, exe_type, exc_val, exl_tb):
        crs = self.connection.cursor()

    def do_query(self, query, parameters=None):
        crs = self.connection.cursor()
        if parameters:
            crs.execute(query, parameters)
        else:
            crs.execute(query)
            return crs.fetchall()

    def customer(self):
        return self.do_query("select * from customer")

part1.py

from pizza_services import PizzaServices

with PizzaServices() as cs:
    cust = cs.customer()
    cmd1 = "select FirstName, LastName, Email from customer"
    cs.do_query(cmd1)

templateH = "{:15}  {:15}  {:15}"
line = templateH.format("Last Name", "First Name", "email")
print(line)

for customer_row in cs:               //customer_row gives me errors for being not iterable
   //not sure what goes in here 

The TOPCAR taxi company is developing a new computer system to be used to support taxi booking and corporate client credit accounts. This computer system aims to automate some manual processes and cut down on labour costs as TOPCAR has many customers from large corporate companies, e.g. CEO, and managers often need taxi trips to the airport. The following describes the activities that must be processed by the computer system:

A client company must first register and open a credit account with TOPCAR at TOPCAR’s website, in which case certain credit checks are made such as checking credit history of client company’s debt level. If the client company has no bad debt history, a credit account for the client company is set up.

At least 24 hours after successful account registration, authorized persons from such client company can request a taxi booking form TOPCAR’s website. When this happens, the availability of a taxi at the requested date and time is checked, as is the credit status of the client company checked. (Note that credit status in finance means a measure of a lender’s willingness to lend money to a particular person or organization, depending on their ability to repay).

If these two checks are successful, a booking is made, and a written confirmation is sent via SMS and emailed to client company. After the customer from the client company has used the taxi, the driver sends in a record of the work, including the cost, and this is added to client company’s account. (Note that driver is an outsourced worker from TOPCAR’s point of view.) At the end of each month, taxi bills are sent via SMS and emailed to client companies for settlement.

From the above description, draw a data flow diagram showing the flow of input information (and/or data) and output information (and/or data) to and from processes and database stores within this computer system and any external environmental elements that interact with this computer system. In this diagram, you must identify the following:

1. processes inside this computer system,                      
2. database stores, external environmental elements that interact with any of the processes identified

in (a)                                                 (5.5 marks)

3. input and output information (or data) to and from each of the processes, database stores, and external environmental elements identified in (a) and (b)        (7.5 marks)

(Hint: there are two environmental elements that interact with this computer system, and six main processes in this computer system)

A given portfolio of currency-based positions (on the Euro) has a delta of 15,000, a gamma of -2000, and vega of -1000 (per 1%). Estimate what happens to the value of this portfolio if the dollar price of a Euro decreases from $1.19 to $1.15, and the volatility underlying options increases from 7.5% to 8.0%.

Juanita Domingo's parents want to establish a college trust for her. They want to make 16 quarterly withdrawals of $2000, with the first withdrawal 3 months from now. If money is worth 6.8%, compounded quarterly, how much must be deposited now to provide for this trust?

It is an ordinary annuity.

In Year 3, GDP equals:

Group of answer choices

7200

11000

Not enough information to answer

7000

7400

Recording a correcting entry on June 10 2019 an employee of William corporation mistakenly debited telephone expense rather than utilities expense when recording a bill of $2000 for the May utility service the error was discovered on June 30 prepare a general journal entry to correct the error