During October 2008, there was a sudden global decline in the price of equity securities and credit securities. Many superannuation funds made negative returns on investments during this period. How would this event affect the wealth of employees and employers? Consider both defined benefit and defined contribution superannuation funds in your answer to this question.

In October of 2016, Jack and Judy, husband and wife, sold their (only) residence that they had purchased in 1999 for $400,000 paying $300,000 in cash with a $100,000 mortgage from ABC Bank. They lived there the entire time they owned the home, and they made repairs to the electric and plumbing during their 10-year ownership totaling $40,000. What, if any, is their recognized gain or loss to be included on their jointly filed Form 1040 for 2017?

a.       $400,000.

b.       $0.

c.       $500,000.

d.       $440,000.

e.       None of the above.

My answer is (b) 0. Under the MFJ rules for sale of home they are able to exclude up to a 500,000 gain or loss before any amount is recognized. Am I correct and if not could you show me how you derived at your answer? Thanks!

At a trade fair in Leipzig, Germany in October 2010 Mascot’s representative was approached by a major German manufacturer of workwear, who wanted the German manufacturer and Mascot to cooperate on pricing and workwear models, so that they would not, as the representative said, "compete each other out of business". Please analyze what legal problems can be linked to the listed events? You must provide a legal justification for the solution

October sales are estimated to be $300,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 20 percent per month. Prepare a sales budget.

The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts.

The cost of goods sold is 70 percent of sales. The company desires to maintain a minimum ending inventory equal to 20 percent of the next month’s cost of goods sold. However, ending inventory of December is expected to be $12,100. Assume that all purchases are made on account. Prepare an inventory purchases budget.

The company pays 80 percent of accounts payable in the month of purchase and the remaining 20 percent in the following month. Prepare a cash payments budget for inventory purchases.

Budgeted selling and administrative expenses per month follow:

*The capital expenditures budget indicates that Baird will spend $119,400 on October 1 for store fixtures, which are expected to have a $21,000 salvage value and a two-year (24-month) useful life.

Prepare a pro forma income statement for the quarter.

Prepare a pro forma balance sheet at the end of the quarter.

Prepare a pro forma statement of cash flows for the quarter.                                     

Required J

Prepare a pro forma statement of cash flows for the quarter. (Amounts to be deducted should be indicated by a minus sign.)

Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted should be indicated by a minus sign.)

Required H

Required I

Required J

Prepare a pro forma income statement for the quarter.

Name __ 1. The balance in accounts receivable is $687,000. At the end of October, Ace Company management estimates the uncollectible accounts expense to be 1 percent of net sales of $2,770,000. 1a. Give the entry to record the uncollectible accounts expense, assuming that the Allowance for Uncollectible Accounts has a debit balance of $14,000. DR ACCOUNT _____uncollectible accounts expense____ AMOUNT $___ CR ACCOUNT _To record estimated uncollectible accounts___________ AMOUNT $_

1b. What is the balance in the Allowance for Uncollectible Accounts after the above entry is made? $____________

1c. What is the amount of the Net Accounts Receivable on the balance sheet? $ ____________

2. The balance in the accounts receivable account is $984,000. An aging analysis on June 30 of the accounts receivable of James Corporation indicates uncollectible accounts of $43,000. Give the entry to record uncollectible accounts expense under each of the following independent assumptions: Assumption 1

2a. Give the journal entry to record the uncollectible accounts expense if the Allowance for Uncollectible Accounts has a credit balance of $9,000 before adjustment. DR ACCOUNT ____________________________________ AMOUNT $___________ CR ACCOUNT ____________________________________ AMOUNT $____________

2b. What is the balance in the Allowance for Uncollectible Accounts after the above entry is made? $ ____________

2c. What is the amount of the Net Accounts Receivable on the balance sheet? $ ____________

Assumption 2 2d.

Give the journal entry to record the uncollectible accounts expense if the Allowance for Uncollectible Accounts has a debit balance of $7,000 before adjustment. DR ACCOUNT ____________________________________ AMOUNT $________________ CR ACCOUNT ____________________________________ AMOUNT $________________ 2e. What is the balance in the Allowance for Uncollectible Accounts after the above entry is made? $ ____________

2f. What is the amount of the Net Accounts Receivable on the balance sheet? $ ____________

Entity A invested in 20,000 shares of a listed company in October 2019 at a cost of $3.80 per share.

On 31 December 2019, the shares have a market value of $3.40.

Entity A is not planning on selling these shares in the short term and elects to hold them as Fair Value through Other Comprehensive Income.

REQUIRED:

(1) Measure the amounts of the equity investment recognised in the Statement of Financial Position for the year-end of 2019.

(2) Measure the amounts recognised in the Statement of Profit or Loss for the financial asset as at 31 December 2019.

(3) Measure the amounts of the fair value reserve recognised in the Statement of Financial Position for the year-end of 2019.

It is the second Monday night in October and it is now 3 a.m. You cannot sleep.

You are the CFO of Marysville General Hospital, a 300-bed community hospital in the Midwest. Your hospital board meets at noon on the second Tuesday of each month. You have a truly awful report to give the board, and you are dreading it more than anything else you've done in your 15-year career as a hospital senior manager.

The target for days in accounts receivable (which the board and CEO set some years ago) is 55 days. When AR days are at 55, cash flow to the hospital is strong and you can meet all monthly obligations while putting some money away into investments for the hospital’s future.

It has been several years now since the hospital has seen its AR at 55 days. There have been many factors, but AR has been in the 70–80 day range for some time now. Last month it crept up over 90 days, and this month you have the painful task of reporting to the board and CEO that the hospital is carrying 100 days in accounts receivable.

You must come up with a plan to bring AR days back in line, and you will not be able to accomplish that alone. It will take cooperation from the medical staff, the clinical departments, health information management, the business office, and many others. But it must happen and it must happen soon, or your community could actually lose its hospital.

Your Role/Assignment

Come up with a plan to bring AR days back in line. It will take cooperation from the medical staff, the clinical departments, health information management, the business office, and many others, so include how you will involve these departments in devising a solution.

As you prepare your process improvement plan, keep the following in mind.

What further data collection will you conduct before beginning to write your plan?

What will be the elements of your plan?

For each element, who will be the key players and what will be their roles?

What resources outside of senior management will you engage?

How will you present your plan at the board meeting?

And how will you know that your plan has been effective?

It is the second Monday night in October and it is now 3 a.m. You cannot sleep. You are the CFO of Marysville General Hospital, a 300-bed community hospital in the Midwest. Your hospital board meets at noon on the second Tuesday of each month. You have a truly awful report to give the board, and you are dreading it more than anything else you've done in your 15-year career as a hospital senior manager. The target for days in accounts receivable (which the board and CEO set some years ago) is 55 days. When AR days are at 55, cash flow to the hospital is strong and you can meet all monthly obligations while putting some money away into investments for the hospital’s future. It has been several years now since the hospital has seen its AR at 55 days. There have been many factors, but AR has been in the 70–80 day range for some time now. Last month it crept up over 90 days, and this month you have the painful task of reporting to the board and CEO that the hospital is carrying 100 days in accounts receivable. You must come up with a plan to bring AR days back in line, and you will not be able to accomplish that alone. It will take cooperation from the medical staff, the clinical departments, health information management, the business office, and many others. But it must happen and it must happen soon, or your community could actually lose its hospital. Your Role/Assignment Come up with a plan to bring AR days back in line. It will take cooperation from the medical staff, the clinical departments, health information management, the business office, and many others, so include how you will involve these departments in devising a solution. As you prepare your process improvement plan, keep the following in mind. What further data collection will you conduct before beginning to write your plan? What will be the elements of your plan? For each element, who will be the key players and what will be their roles? What resources outside of senior management will you engage? How will you present your plan at the board meeting? How will you know that your plan has been effective?

Determine the formal charge of each atom in the reactants and the products.

     Reactants:                                                       Products:

     C (in CO in acetone) ___                              C (in CO₂) ___             

    C (in CH₃ in acetone) ___                              O (in CO₂) ___             

    O (in CO in acetone) ___                               H (in H₂O) ___             

    H (in CH₃ in acetone) ___                              O (in H₂O) ___

    O (in O₂) ___