Dragon’s Fire Pty Ltd enters into three contracts in the same week with Red Hot Equipment Pty Ltd who have agreed to pay the total of $726 000 (GST inclusive). Red Hot Equipment Pty Ltd pay the total in full on 7 August 2021. The details for the three contracts are as follows:

Required:

Apply the five-step process for revenue recognition in regards to the contract with Red Hot Equipment Pty Ltd. Discuss how Dragon’s Fire shall recognise the revenue from the contract. Please list each of the five steps and show any calculations.

The citizens of Spencer County approved the issuance of $2,004,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established for that purpose. The preclosing trial balance of the courthouse annex capital project fund follows:

Required:
a. Prepare any closing entries necessary at year-end.
b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the courthouse annex capital project fund.
c. Prepare a Balance Sheet for the courthouse annex capital project fund, assuming all unexpended resources are restricted to construction of the courthouse annex.

BG Ltd, a company resident in the United Kingdom and MCT Ltd, a company resident in Germany have been awarded contracts by RJ Sdn.Bhd, in connection with the construction of a bridge in Malaysia. RJ Sdn.Bhd carries on the business of construction in Malaysia.

BG Ltd engineers will design the bridge wholly in United Kingdom. It will not be necessary for BG Ltd to send its engineers to Malaysia, BG does not have any branch in Malaysia.

MCT would be responsible for the supply of equipment valued at RM5 million and the provision of project management and supervisory services valued at RM7 million. Employees of MCT will be seconded to Malaysia for the duration of the project, which will be completed in two years.

Required:

1. Advise BG Ltd and MCT Ltd on their liability to Malaysian income tax arising from the contract with RJ Sdn.Bhd.

2. What are the requirements of the Income Tax Act 1967 on RJ Sdn Bhd in respect of the payments due to BG Ltd and MCT Ltd and the implications if the companies do not comply with the requirements?

(Total: 25 marks)

This is for the case 19 Deere in Crafting Strategy & Policy 20 edition

Your answer has to be supported by factual information (show sources) and your analysis. Be clear, specific, and to the point. Assume your readers are the executives of this company Deere.

Please do not lecture about the concepts but rather discuss through analysis providing any internet or book sources

At the end of each question, summarize and provide conclusions

Please answer as many as you can but in with each question please go into full detail.

Thank you soo much!

1. How strong are the competitive forces confronting Deere in the global market for agricultural and construction equipment? Do a five-forces analysis and identify the key driving forces and key success factors to support your answer.

2. How have Deere’s business strategy choices strengthened or weakened its competitive position in the agricultural and construction equipment industry? Discuss how the company’s senior management has chosen to increase the horizontal or vertical scope of the firm.

1. Construction Management, Inc. (CMI) has a safety awareness program, but it does not seem to be working. CMI’s president and his two vice presidents developed the program themselves and implemented it company wide six months ago. Unfortunately, they have seen no decrease in the number of accidents and incidents. What possible problems do you see with CMI’s safety awareness program? What changes or improvements would you recommend?

2. Employees of Bearden Construction Company have begun to complain regularly about Josh Randall. They say that his behavior has become unpredictable and that he blows up at the slightest provocation. One employee even said, “This guy is going to hurt somebody.” To each complaint, the supervisor’s response is the same: “Be patient. Josh is a good man. He’s just dealing with some personal problems right now. He’ll get over it.” What do you think of the supervisor’s response to employee concerns? How do you think this situation should be handled?

Early in 2015, Menan Corporation engaged Roberts, Inc. to design and construct a complete modernization of Menan's manufacturing facility. Construction was begun on May 1, 2015. Menan made the following payments to Roberts, Inc. during 2015:

In order to help finance the construction, Nolan issued the following during 2015:

1. $12,000,000 of 10-year, 9% bonds payable, issued at par on May 1, 2015, with interest payable annually on May 1.

2. 20,000,000 shares of no-par common stock, issued at $10 per share on May 1, 2015.

In addition to the 9% bonds payable, the only other debt outstanding during 2015 was an $8,000,000, 12% note payable dated January 1, 2012 and due January 1, 2022, with interest payable annually on January 1.

What is the total amount to be debited to the 'Manufacturing Facility' account during the year 2015?

The citizens of Spencer County approved the issuance of $2,003,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established for that purpose. The preclosing trial balance of the courthouse annex capital project fund follows:

a. Prepare any closing entries necessary at year-end

b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the courthouse annex capital project fund.

c. Prepare a Balance Sheet for the courthouse annex capital project fund, assuming all unexpended resources are restricted to construction of the courthouse annex.