At December 31, 2015, certain accounts included in the property, plant, and equipment section of Kevin Company’s balance sheet had the following balances:

Land          ........................................................................... $200,000

Buildings    ........................................................................... $900,000

Leasehold improvements..................................................... $600,000

Machinery and equipment.................................................. $700,000

During 2016, the following transactions occurred:

Land site number 621 was acquired for $1,000,000. Additionally, to acquire the land, Kevin paid a $60,000 commission to a real estate agent. Costs of $15,000 were incurred to clear the land. During the course of clearing the land, timber and gravel were recovered and sold for $5,000.

A second tract of land (site number 622) with a building was acquired for $300,000. The closing statement indicated that the land value was $200,000 and the building value was $100,000. Shortly after acquisition, the building was demolished at a cost of $30,000. A new building was constructed for $150,000 plus the following costs:

Excavation fees...................................................................... $11,000

Architectural design fees......................................................... $8,000

Building permit fee................................................................... $1,000

The building was completed and occupied on September 29, 2016.

A third tract of land (site number 623) was acquired for $600,000 and was put on the market for resale.

Extensive work was done to a building occupied by Kevin under a lease agreement that expires on December 31, 2025. The total cost of the work was $125,000, which consisted of the following:

Painting of ceilings............................................................................. $10,000 (estimated useful life is 1 year)

Electrical work.................................................................................... $35,000 (estimated useful life is 10 years)

Construction of extension to current working area       ..................... $80,000 (estimated useful life is 30 years)                                                                                     $125,000

The lessor, Steinbeck Company, paid one-half of the costs incurred in connection with the extension to the current working area.

During December 2016, costs of $65,000 were incurred to improve leased office space. The related lease will terminate on December 31, 2018, and is not expected to be renewed.

A group of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of production for the machines. The invoice price of the machines was $75,000, freight costs were $2,000, unloading charges were $1,500, and royalty payments for 2016 were $13,000.

Required:

Prepare a detailed analysis of the changes in the balance sheet accounts – Land, Buildings, Leasehold Improvements, and Machinery and Equipment – for 2016. Disregard the related accumulated depreciation accounts.

Please help. Thank you. I included the templates.

Lisa’s Darwin Home

Lisa sold her home in Darwin (contract date September 2019, settlement December 2019), receiving $1,220,000 at settlement. This is after legal fees ($12,000), advertising ($2,000) and real estate commissions ($25,000) were deducted. Records indicate that Lisa purchased the property in 2002 (contract date January, settlement March) for $653,000. Legal fees, commissions and advertising of $8,000 were also incurred. Lisa moved in within 6 months, selling her former residence during that time. Over the ownership period, Lisa rented the property for three years beginning December 2010, with $65,000 of $120,000 in non-capital costs claimed against rental income. The property was valued at $890,000 at the time it began being rented. Sculpture Lisa gave a sculpture, valued at $18,900, to her friend in June 2020.

The sculpture was purchased for $480 in December 2000 and repaired in March 2016 for $1,250.

Vase

When Lisa was playing with her cat in September 2019, the cat accidentally knocked over and broke a vase given to her by her grandmother in September 2018 (worth $6,100 at that time). The vase dated back to the Australian gold rush (circa 1850's) and, after undertaking some research, she discovered it was currently worth approximately $27,000. Lisa did not have insurance for the item. Cryptocurrency Lisa converted cryptocurrency into $27,200 Australian dollars in October 2019. To complete the transaction, she incurred $950 in transaction fees. Therefore, Lisa received $26,250 in cash. Lisa had acquired the cryptocurrency in September 2018 for $9,200 Australian dollars.

Shares Lisa sold

shares she held in a construction company in March 2020 for $182,000. She had purchased the shares for $37,200 in December 1986. Lisa has indicated that she has carried forward losses from prior years of $180,000 relating to a prior disposal of shares and land. We will have a meeting first thing Monday morning, so please complete your analysis by the end of Friday so I can review her circumstances over the weekend.

Required: You are required to calculate Lisa’s Net Capital Gain (loss) for the year ending 30 June 2020 based on the above information provided. In doing so, you must present an accurate and complete analysis.

Qa) Determine the taxable capital gain (loss) on the sale of the home. Briefly justify your answer/show all workings.

Qb) Determine the taxable capital gain (loss) on the sale of the Sculpture. Briefly justify your answer/show all workings

Qc) Determine the taxable capital gain (loss) on the sale of the Vase. Briefly justify your answer/show all workings

Qd) Determine the taxable capital gain (loss) on the sale of the Cryptocurrency. Briefly justify your answer/show all workings.

Qe) Determine the capital gain on the sale of the Shares. Briefly justify your answer/show all workings A.6 Determine the Net Capital Gain and/or Loss for Lisa. Briefly justify your answer/show all workings.

. "Building a Critical Skill: Thinking Critically" "some MBA programs now include courses in law, poetry, entrepreneurship, and biotechnology." The following video presentations take this idea even further, suggesting that all jobs or careers will require a higher set of skills than in the past. https://www.youtube.com/watch?v=NS2PqTTxFFc&feature=youtu.be

Can courses in law, poetry, biotechnology create a better leader?

2. Which skills listed in the video do you think are most important? Are you acquiring these skills in your current educational journey? Where?

(350 minimum words)

You need a new car and the dealer has offered you a price of $20,000​, with the following payment​ options: (a) pay cash and receive a $2,000 ​rebate, or​ (b) pay a $5,000 down payment and finance the rest with a 0% APR loan over 30 months. But having just quit your job and started an MBA​ program, you are in debt and you expect to be in debt for at least the next 2​ ½ years. You plan to use credit cards to pay your​ expenses; luckily you have one with a low​ (fixed) rate of 13.67% APR. Which payment option is best for​ you?

Trudy Pierre is the CFO of Vista Intl, a young financial software platform firm. Ms. Pierre is considering several projects in newly opening markets in Khazaksthan. She believes that her firm should take advantage of the current low interest rates. Thus, she would like to increase the debt equity ratio of the firm but is concerned about the consequences of increasing leverage. Although she studied finance in her MBA program, she does not remember much about capitol structure theory. Knowing that you have recently taken a class, what advice would you give her?

An incoming MBA student took placement exams in economics and mathematics. In​ economics, she scored 80 and in math 86. The overall results on the economics exam had a mean of 73 and a standard deviation of 10​, while the mean math score was 67​, with a standard deviation of 12. On which exam did she do better compared with the other​ students? Since she scored (nothing) standard deviations ▼ ( below or above) the mean in economics and (nothing) standard deviations ▼ (below or above) the mean in​ mathematics, she did better on the ▼ (economics or mathematics) exam. ​(Round to two decimal places as​ needed.)

MBA 5010 Week 4 Integrative Assignment

This week, you’re going to build on the knowledge you gained. Your assignment is to deconstruct the economics underlying Airbnb. Specifically, I want you to answer the following questions:

• Does Airbnb capture a sufficient amount of any value generated to remain a viable business?

The purpose of this question is to provide you an opportunity to demonstrate your understanding of the economics of value creation. So, emphasize this aspect of your answer. Try to limit yourself to 500 words. Your answer will be evaluated based on correctness, completeness, and clarity. As always, be attentive to your writing.

Revenues are normally recognized when the company transfers promised goods or services in the amount the company expects to receive. The amount recorded is the cash-equivalent sales price. The following transactions occurred in September:

1. A popular ski magazine company receives a total of $13,345 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint.
2. On September 1 of the current year, a bank lends $2,500 to a company; the note principal and $300 ($2,500 × 12 percent) annual interest are due in one year. Answer from the bank's standpoint.
3. Fucillo Automotive Group (offering a wide variety of car and truck brands) sells a Ford F-150 truck with a list, or “sticker,” price of $21,750 for $19,750 cash.
4. Macy's department store orders 1,140 men’s shirts for $17 each for future delivery from PVH Corp., manufacturer of IZOD, ARROW, Van Heusen, Calvin Klein, and Tommy Hilfiger apparel. The terms require payment in full within 30 days of delivery. Answer from PVH Corp.'s standpoint.
5. PVH Corp. completes production of the shirts described in (d) and delivers the order. Answer from PVH's standpoint.
6. PVH Corp. receives payment from Macy's for the events described in (d) and (e). Answer from PVH's standpoint.
7. A customer purchases a ticket from American Airlines for $650 cash to travel the following January. Answer from American Airlines's standpoint.
8. Ford Motor Company issues $20.9 million in new common stock.
9. Michigan State University receives $19,030,000 cash for 73,000 five-game season football tickets.
10. Michigan State plays the first football game referred to in (i).
11. Precision Builders signs a contract with a customer for the construction of a new $1,670,000 warehouse. At the signing, Precision receives a check for $194,000 as a deposit on the future construction. Answer from Precision's standpoint.
12. A customer orders and receives 16 personal computers from Dell; the customer promises to pay $9,300 within three months. Answer from Dell's standpoint.
13. Sears, a retail store, sells a $260 lamp to a customer who charges the sale on his Sear's credit card. Answer from Sears's standpoint.

Required:

For each of the transactions, if revenue is to be recognized in September, indicate the revenue account title and amount. (If revenue is not recognized choose "None". Round "Interest revenue" answer to 2 decimal places.)

Revenue Account Affected Amount of revenue earned in September

1.

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Including the use of relevant diagrams, provide an analysis of the key factors which determine the market equilibrium and price of the goods and services in the following scenarios:

1. The effect on the world market equilibrium for petrol in the event of a war breaking out in the Arabian Gulf region.
2. The effects of a health scare (e.g. the coronavirus) on tourism into Ireland during 2020.
3. The effect of the recession from 2009 to 2014 in Ireland on the market for takeaway foods.
4. The effect of a mediocre summer in 2019 on the market for foreign holidays for Irish citizens in January 2020.

At the start of 2020, a county general fund issues property tax bills in the amount of $9,000,000. It expects to collect $8,800,000 from property owners, with the rest expected to be uncollectible. During the year, $8,750,000 in 2020 property taxes is collected. Of the remaining $250,000 in uncollected taxes at year-end, it is estimated that $100,000 will be collected within 60 days and the rest are uncollectible.

Using the attached T-account template, prepare the entries required to recognize the above information.