Explain how each evolutionary change seen in the life cycles of seedless non-vascular plants, seedless vascular plants, non-flowering seed plants, and flowering seed plants reflects adaptations to land. In your explanation, explain why each plant group is more successful on land than the ancestral group before it.
In: Biology
Black fur color is dominant to white fur color and non-webbed toes are dominant to webbed toes. a dog with white fur and web toes is mated with a dog homozygous dominant for both black fur and non-webbed toes. Draw the resulting Punnett square from this cross. What are the genotypic and phenotypic ratios of their offspring.
In: Biology
In: Operations Management
1. What are some of the inadequacies of the Family Medical Leave Act (FMLA)? What bias does the federal government indicate in supporting the Family Preservation concept? How well does the FMLA serve non-traditional families? Why does the Social Work profession reject the act of serving non-traditional families differently?
In: Psychology
Consider the solution formed from dissolving 11.20 ml of methylene chloride, CH2Cl2 (Mm=85.0g/mol, Density=1.33g/ml; non-electrolyte) into 102.8 ml of carbon tetrachloride, CCl4 (Mm=154g/mol, density=1.59g/ml; non-electrolyte). Determine the molality and molarity of the resulting solution assuming additive volumes.
In: Chemistry
Assume an employee with the following terms and
conditions
Basic Pay K15, 000
Housing Allowance 20% of the basic Pay
Overtime allowance K1, 800
Transport Allowance 10% of basic pay
Required:
i. Prepare a pay slip for this employee taking into account the
necessary statutory deductions. (Note: for PAYE use the 2018 rates)
ii. Show how the above will be recorded in the books of accounts
for the company.
A. Write short notes on the following: (1 MARK EACH)
i. Issued Share Capital
ii. Subscribed Share capital
iii. Authorized share capital
iv. Paid up Share Capital
Before Manny went into a Sole Proprietorship, he was in Partnership
with Papa who decided to venture into fish farming, the following
is their Liquidation information
Cash k100, 000
Non- Cash Assts k1, 000,000
Non- Cash Assets Sales k600, 000
Liabilities k200, 000
Manny’s Capital k400, 000
Papa’s Capital k500, 000
Income and Losses are shared equally
Required: Prepare the statement of Partnership Liquidation
QUESTION TWO.
The costs incurred by Noriega Company to acquire land and construct
a building were as follows:
i. Land k150,000
ii. Construction insurance k3,500
iii. Delinquent tax paid on the land k 5,000
iv. Building construction contract k 220,000
v. Architect Fees k2,000,
vi. Street and side Walk installation k4,000
vii. Excavation Costs k3,100
viii. Property Tax on land (pro to construction) k1,600
ix. Interest cost on loan to pay contract k2,600
Requirements:
a. Determine the cost of land
b. Determine the cost of the building ( 3 MARKS)
c. Assuming the residue value of the building is K60,000 and that
the economic life is 10 years, compute Noriega LTD Company’s
depreciation expense for Year 1, Year 2, Year 3 under the following
methods
i. Straight line Method
ii. Double Declining Method
d. At the beginning of Year 4, Noriega LTD Company incurred an
additional Cost of K10, 000 in order to add a new wing to the
building; as a result the salvage value of the building is
increased by k5, 000 and also increased the remaining life of the
building by 2 years. Re- Calculate the depreciation for the next
two years using the straight line method. ( 3 MARKS)
e. Show how the methods of depreciation used in C. will affect the
profits
f. Write a short note on accounting for natural resources and how
it differs with normal accounting for Non- Current Assets
Need answers ASAP
In: Accounting
a) Identify all possible entities and relationships. Name all relationships in both directions, with the exception that the relationship name may be omitted on a relationship travelling from an associative or bridging entity.
(b) Resolve any many-to-many relationships.
(c) Identify
(i) strong and weak entities
(ii) identifying and non-identifying relationships.
(d) Identify the main attributes in each entity including all primary and foreign keys.
(e) Identify the Cardinality and Participation for each relationship.
logical database design question
In: Computer Science
Part A
In late 2017, the Nicklaus Corporation was formed. The corporate charter authorizes the issuance of 4,000,000 shares of common stock carrying a $1 par value, and 1,000,000 shares of $5 par value, noncumulative, nonparticipating preferred stock. On January 2, 2018, 2,000,000 shares of the common stock are issued in exchange for cash at an average price of $10 per share. Also on January 2, all 1,000,000 shares of preferred stock are issued at $20 per share.
Required:
1. Prepare journal entries to record these transactions.
2. Prepare the shareholders' equity section of the Nicklaus balance sheet as of March 31, 2018. (Assume net income for the first quarter 2018 was $1,200,000.)
Part B
During 2018, the Nicklaus Corporation participated in three treasury stock transactions:
On June 30, 2018, the corporation reacquires 130,000 shares for the treasury at a price of $12 per share.
On July 31, 2018, 15,000 treasury shares are reissued at $15 per share.
On September 30, 2018, 15,000 treasury shares are reissued at $10 per share.
Required:
1. Prepare journal entries to record these transactions.
2. Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2018. (Assume net income for the second and third quarter was $2,650,000.)
Part C
On October 1, 2018, Nicklaus Corporation receives permission to replace its $1 par value common stock (4,000,000 shares authorized, 2,000,000 shares issued, and 1,900,000 shares outstanding) with a new common stock issue having a $.50 par value. Since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. That is, the shareholders will receive two shares of the $.50 par stock in exchange for each share of the $1 par stock they own. The $1 par stock will be collected and destroyed by the issuing corporation.
On November 1, 2018, the Nicklaus Corporation declares a $0.07 per share cash dividend on common stock and a $0.23 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2018, to shareholders of record on November 15, 2018.
On December 2, 2018, the Nicklaus Corporation declares a 1% stock dividend payable on December 28, 2018, to shareholders of record on December 14. At the date of declaration, the common stock was selling in the open market at $10 per share. The dividend will result in 38,000 (0.01 × 3,800,000) additional shares being issued to shareholders.
Required:
1. Prepare journal entries to record the declaration and payment of these stock and cash dividends.
2. Prepare the December 31, 2018, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,150,000.)
3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2018.
| prefer stock | common stock | paid in capital | retained earing | treasury stock | total shareholder equity | |
| Jan 2 2018 | ||||||
| issuance of preferred stock | ||||||
| issuance of common stock | ||||||
| purchase of treasury stock | ||||||
| sale of treasury stock | ||||||
| net income | ||||||
| common cash dividends | ||||||
| preferred cash dividends | ||||||
| stock dividend |
Part A
1.
| Date | General Journal | Debit | Credit |
| Jan. 2 | Cash (2000000 x $10) | 20000000 | |
| Common stock (2000000 x $1) | 2000000 | ||
| Additional paid-in capital -common stock | 18000000 | ||
| (To record issuance of common stock) | |||
| Jan. 2 | Cash (1000000 x $20) | 20000000 | |
| Preferred stock (1000000 x $5) | 5000000 | ||
| Additional paid-in capital -preferred stock | 15000000 | ||
| (To record issuance of preferred stock) |
2.
| NICKLAUS CORPORATION | |
| Balance Sheet - Shareholders' Equity Section | |
| March 31, 2018 | |
| Shareholders' Equity: | |
| Preferred stock | 5000000 |
| Common stock | 2000000 |
| Additional paid-in capital | 33000000 |
| Retained earnings | 1200000 |
| Total stockholders' equity | 41200000 |
Part B
1.
| Date | General Journal | Debit | Credit |
| Jun. 30 | Treasury stock (130000 x $12) | 1560000 | |
| Cash | 1560000 | ||
| (To record purchase of treasury stock) | |||
| Jul. 31 | Cash (15000 x $15) | 225000 | |
| Treasury stock (15000 x $12) | 180000 | ||
| Additional paid-in capital from treasury stock | 45000 | ||
| (To record sale of treasury stock) | |||
| Sep. 30 | Cash (15000 x $10) | 150000 | |
| Additional paid-in capital from treasury stock | 30000 | ||
| Treasury stock (15000 x $12) | 180000 | ||
| (To record sale of treasury stock) |
2.
| NICKLAUS CORPORATION | |
| Balance Sheet - Shareholders' Equity Section | |
| September 30, 2018 | |
| Shareholders' Equity: | |
| Preferred stock | 5000000 |
| Common stock | 2000000 |
| Additional paid-in capital | 33000000 |
| Additional paid-in capital from treasury stock | 30000 |
| Retained earnings | 3850000 |
| 43880000 | |
| Less: Treasury stock | 1200000 |
| Total stockholders' equity | 42680000 |
In: Accounting
I only need part C completed
Part A
In late 2017, the Nicklaus Corporation was formed. The corporate
charter authorizes the issuance of 4,000,000 shares of common stock
carrying a $1 par value, and 1,000,000 shares of $5 par value,
noncumulative, nonparticipating preferred stock. On January 2,
2018, 2,000,000 shares of the common stock are issued in exchange
for cash at an average price of $10 per share. Also on January 2,
all 1,000,000 shares of preferred stock are issued at $20 per
share.
Required:
1. Prepare journal entries to record these
transactions.
2. Prepare the shareholders' equity section of the
Nicklaus balance sheet as of March 31, 2018. (Assume net income for
the first quarter 2018 was $1,200,000.)
Part B
During 2018, the Nicklaus Corporation participated in three
treasury stock transactions:
On June 30, 2018, the corporation reacquires 130,000 shares for the treasury at a price of $12 per share.
On July 31, 2018, 15,000 treasury shares are reissued at $15 per share.
On September 30, 2018, 15,000 treasury shares are reissued at $10 per share.
Required:
1. Prepare journal entries to record these
transactions.
2. Prepare the Nicklaus Corporation shareholders'
equity section as it would appear in a balance sheet prepared at
September 30, 2018. (Assume net income for the second and third
quarter was $2,650,000.)
Part C
On October 1, 2018, Nicklaus Corporation receives permission to
replace its $1 par value common stock (4,000,000 shares authorized,
2,000,000 shares issued, and 1,900,000 shares outstanding) with a
new common stock issue having a $.50 par value. Since the new par
value is one-half the amount of the old, this represents a 2-for-1
stock split. That is, the shareholders will receive two shares of
the $.50 par stock in exchange for each share of the $1 par stock
they own. The $1 par stock will be collected and destroyed by the
issuing corporation.
On November 1, 2018, the Nicklaus Corporation declares a $0.07 per
share cash dividend on common stock and a $0.23 per share cash
dividend on preferred stock. Payment is scheduled for December 1,
2018, to shareholders of record on November 15, 2018.
On December 2, 2018, the Nicklaus Corporation declares a 1% stock
dividend payable on December 28, 2018, to shareholders of record on
December 14. At the date of declaration, the common stock was
selling in the open market at $10 per share. The dividend will
result in 38,000 (0.01 × 3,800,000) additional shares being issued
to shareholders.
Required:
1. Prepare journal entries to record the
declaration and payment of these stock and cash dividends.
2. Prepare the December 31, 2018, shareholders'
equity section of the balance sheet for the Nicklaus Corporation.
(Assume net income for the fourth quarter was $2,150,000.)
3. Prepare a statement of shareholders' equity for
Nicklaus Corporation for 2018.
| prefer stock | common stock | paid in capital | retained earing | treasury stock | total shareholder equity | |
| Jan 2 2018 | ||||||
| issuance of preferred stock | ||||||
| issuance of common stock | ||||||
| purchase of treasury stock | ||||||
| sale of treasury stock | ||||||
| net income | ||||||
| common cash dividends | ||||||
| preferred cash dividends | ||||||
| stock dividend |
Part A
1.
| Date | General Journal | Debit | Credit |
| Jan. 2 | Cash (2000000 x $10) | 20000000 | |
| Common stock (2000000 x $1) | 2000000 | ||
| Additional paid-in capital -common stock | 18000000 | ||
| (To record issuance of common stock) | |||
| Jan. 2 | Cash (1000000 x $20) | 20000000 | |
| Preferred stock (1000000 x $5) | 5000000 | ||
| Additional paid-in capital -preferred stock | 15000000 | ||
| (To record issuance of preferred stock) |
2.
| NICKLAUS CORPORATION | |
| Balance Sheet - Shareholders' Equity Section | |
| March 31, 2018 | |
| Shareholders' Equity: | |
| Preferred stock | 5000000 |
| Common stock | 2000000 |
| Additional paid-in capital | 33000000 |
| Retained earnings | 1200000 |
| Total stockholders' equity | 41200000 |
Part B
1.
| Date | General Journal | Debit | Credit |
| Jun. 30 | Treasury stock (130000 x $12) | 1560000 | |
| Cash | 1560000 | ||
| (To record purchase of treasury stock) | |||
| Jul. 31 | Cash (15000 x $15) | 225000 | |
| Treasury stock (15000 x $12) | 180000 | ||
| Additional paid-in capital from treasury stock | 45000 | ||
| (To record sale of treasury stock) | |||
| Sep. 30 | Cash (15000 x $10) | 150000 | |
| Additional paid-in capital from treasury stock | 30000 | ||
| Treasury stock (15000 x $12) | 180000 | ||
| (To record sale of treasury stock) |
2.
| NICKLAUS CORPORATION | |
| Balance Sheet - Shareholders' Equity Section | |
| September 30, 2018 | |
| Shareholders' Equity: | |
| Preferred stock | 5000000 |
| Common stock | 2000000 |
| Additional paid-in capital | 33000000 |
| Additional paid-in capital from treasury stock | 30000 |
| Retained earnings | 3850000 |
| 43880000 | |
| Less: Treasury stock | 1200000 |
| Total stockholders' equity | 42680000 |
In: Accounting
QUESTION 1 [25]
The following are extracts from the financial statements of ABC Ltd for the year ended 31 December 2019:
ABC Ltd
Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2019
|
Revenue |
280 842 |
|
Cost of Sales |
(100 000) |
|
Gross Profit |
180 842 |
|
Interest received |
4 528 |
|
Dividends received on listed investments |
6 680 |
|
Profit on disposal of property, plant & equipment |
560 |
|
Administration expenses |
(64 730) |
|
Depreciation of property, plant & equipment |
(37 280) |
|
Interest paid |
(19 840) |
|
Profit before tax |
70 760 |
|
Taxation |
(27 232) |
|
Profit for the year |
43 528 |
ABC Ltd
Statement of Changes in Equity for the year ended 31 December 2019
|
Retained Earnings |
|
|
Opening balance |
153 416 |
|
Profit for the year |
43 528 |
|
Dividends to shareholders |
(23 366) |
|
Closing balance |
173 578 |
ABC Ltd
Statement of Financial Position as at 31 December
|
2019 |
2018 |
|
|
Assets |
||
|
Non-current assets |
536 706 |
442 216 |
|
Property, Plant and Equipment |
501 648 |
417 848 |
|
Investment in listed shares |
35 058 |
24 368 |
|
Current assets |
235 750 |
191 962 |
|
Inventory |
93 310 |
65 250 |
|
Trade Receivables |
136 774 |
120 690 |
|
Bank |
5 666 |
6 022 |
|
Total Assets |
772 456 |
634 178 |
|
Equity and Liabilities |
||
|
Equity |
403 176 |
342 236 |
|
Share Capital |
31 300 |
31 300 |
|
Revaluation Surplus |
198 298 |
157 520 |
|
Retained Earnings |
173 578 |
153 416 |
|
Non-current Liabilities |
195 334 |
152 288 |
|
Long term loan |
195 334 |
152 288 |
|
Current Liabilities |
173 946 |
139 654 |
|
Trade Payables |
90 540 |
72 066 |
|
Tax Payable |
4 776 |
5 424 |
|
Dividends Payable |
12 582 |
12 582 |
|
Short Term Loans |
66 048 |
49 582 |
|
Total Equity and Liabilities |
772 456 |
634 178 |
Additional information: -
15 408 (2018: 29 402 – this was paid as planned in 2019).
Land (included in property, plant & equipment) was revalued during 2019.
Required:
Prepare the Statement of Cash Flows for ABC Ltd for the year ended 31 December 2019.
Show workings clearly.
The Reconciliation of Profit before tax and Cash generated from operations is not required.
In: Finance