Please share with us the best and worst company names in your opinion. Explain your selections and the criteria you used to make your determinations. Your examples must be existing businesses. THE EFFECTS AND RELEVANCE OF NAMES OF THE BUSINESS ARE TO BE MENTIONED. HOW APPROPRIATE THEY ARE AND HOW THEY HAVE ADVANTAGED THE ORGANISATION.

Consider you are a regional soft drink company competing in the US soft drink market. Dr. Pepper was such a player, operating mostly in and around Texas. How could you compete successfully in this industry that is dominated by two large companies? Use appropriate frameworks to support your answer.

Question C11.2 is based on the following case.

King Companies, Inc (KCI) is a private company that owns five auto parts stores in urban Los Angeles, California. KCI has gone from two auto parts stores to five stores in the last three years, and it plans continued growth. Eric and Patricia King own the majority of the shares in KCI. Eric is the chairman of the board of directors of KCI and CEO, and Patricia is a director as well as the CFO. Shares not owned by Eric and Patricia are owned by friends and family who helped the Kings get started. Eric started the company with one store after working in an auto parts store. To date, he has funded growth from an inheritance and investments from a few friends. Eric and Patricia are thinking about expanding by opening three to five additional stores in the next few years. In October 2021, Eric approached your accounting firm, Thornson & Danforth, LLP, to conduct an annual audit of KCI for the year ended December 31, 2022. KCI has not been audited before, but this year the audit has been requested by the company's bank because of anticipated bank loans and by a new private equity investor that has just acquired a 20% share of KCI. KCI employs 20 full-time staff. These workers are employed in store management, sales, parts delivery, and accounting. About 40% of KCI's business is retail walk-in business, and the other 60% is regular customers where KCI delivers parts to their locations and bills these customers on account. During peak periods, KCI also uses part-time workers. Eric is focused on growing revenues. In his opinion, revenue growth is particularly important to obtaining bank financing. Patricia trusts the company's workers to work hard for the company, and she feels they should be rewarded well. The accounting staff, in particular, is very loyal to the company. Eric tells you that accounting staff enjoy their jobs so much they have never taken any annual vacations, and hardly any workers ever take sick leave. There are two people currently employed as accounting staff, the most senior of whom is Jonathan Jung. Jonathan heads the accounting department and reports directly to Patricia. He is in his late fifties and hopes to retire in two or three years and move away from Los Angeles. Jonathan keeps a close watch on accounting and does many activities himself; including opening mail, cash receipts and vendor payments, depositing funds received, performing reconciliations, posting journals, and performing the payroll function. His second employee, Abby Owens, is a recent college graduate who just passed the CPA exam. Abby is responsible for the payroll functions and posting all journal entries into the accounting system. Jonathan and Abby often help each other out in busy periods.

(11.2) Audit data analytics for revenue Analysis: You have been asked by your audit

manager to consider how the audit firm might audit revenues by using audit data

analytics to evaluate 100% of the revenue transactions. Where do you feel that it would

be most effective to audit 100% of the transactions using ADA? In addition to the sales

information, what other information should you consider in your analysis? Develop a

specific audit strategy for how you would screen 100% of the revenues, how you would

identify exceptions, and how you might consider what would be acceptable variations

from your expectation norm versus unacceptable variations.

On 1 July, 2020 Bushman Ltd entered into a four-year lease of a building from Lessor Ltd. The terms of the lease agreement are as follows.

• Four payments of $200,000 are due starting on 30 June 2021 (after interest has accrued).

• Bushman can elect to terminate the lease at any time, but they need to pay 20% of an annual lease payment for administrative purposes upon termination

• The economic life of the building is estimated to be ten years.

• The fair value of the building at the commencement of the lease is $1,000,000.

• At the end of the lease term, Bushman has the option to purchase the building from

  Lessor Ltd at a price that is 10% lower than the predicted market value of the building

  at that time.

• The interest rate implicit in the lease is 5 per cent.

  Assume that the contract is a lease for the purposes of AASB 16 ‘Leases’.

  REQUIRED:

  Explain how Lessor Ltd would classify the lease in accordance with the requirements of AASB 116 ‘Leases’. Show all necessary working, explanations and assumptions to support your answer. Also prepare the necessary journal entries for the first year in the books of Lessor Ltd (i.e. 1 July 2020 to 30 June 2021).

On January 1, 2020, Sarasota Co. borrowed and received $507,000 from a major customer evidenced by a zero-interest-bearing note due in 4 years. As consideration for the zero-interest-bearing feature, Sarasota agrees to supply the customer’s inventory needs for the loan period at lower than the market price. The appropriate rate at which to impute interest is 9%.

(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Charlie Dew purchased a new personal watercraft on October 24, 2020 from the local marina for a cost of $5000. He was sent an invoice with the following terms: 2% discount if paid in full by November 24, 2020, otherwise the full amount is due by February 24, 2021.

1. Suppose Charlie can find a lender who will lend him the money he needs on November 24 at the following simple interest rates: 6% for the first 20 days, 7% for the next 20 days, 8% thereafter. How much money does Charlie have to pay back to the lender on February 24, 2021? How much money does Charlie save by borrowing from this lender?

Suppose the following table was generated from the sample data of 2020 employees relating annual salary to years of education and gender. According to the results, is there a salary difference between men and women at the 0.010.01 level of significance? If yes, write the difference in salary in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."

1. From 2010-2020 the median home value in the city of Fort William grew exponentially. The median home value during this time period changed by 12% per year.

1. If the 1-year percent change is 12%, what is the 1-year growth factor?

2. Use your answer to part (a) to complete the following table of values showing the median home value in Fort William at various times.

   years since the beginning of 2010, tt	median home value in Fort William (in dollars)
   0	182,400
   1	204,288
   2
   3.25	263,623
   4.25
   5.25

3. Define a function ff that models the median home value in Fort William tt years since the beginning of 2010 (assuming 0≤t≤10). Be sure to use function notation.

2.    A city's population grows exponentially by 5% per year.

1. What is the 1-year growth factor for the population?

2. Fill in the missing information in the table below.

   years since the beginning of 2015, n	the city's population, p=g(n)
   0	160,000
   1	168,000
   2	176400
   4.25	196,800
   5.25	206711

c. Define a function g to model the citys population n years since the beginning of 2015.

3. The given table of values represents an exponential function (that is, a relationship where the growth factor is constant for the same size changes in x).

1. Use the entries in the table to determine the 1-unit growth factor for y in this relationship.

   The 1-unit growth factor is .

2. The 1-unit percent change for values of y is %

3. Define a formula for function f. Be sure to use function notation.

4. Fill in the missing entries in the table. Note: Pay close attention to how the values of x change. Not all changes are 1 unit. You can also use the formula you defined.

Sue received dividends from various corporate stock investments of $33,000 in 2020. Of these amounts, $29,000 were marked as "qualified dividends" on her Form 1099-DIV. Regarding qualified dividends, which of the following statements is / are correct?

Question 31 options: