Below is the Statement of Cash Flows for Sintern Ltd for the financial year ending 30 June 2022 (prepared using the Direct method):

REQUIRED:

1. In your own words, and using the information provided in the above Statement of Cash Flows, outline what you have learnt about Sintern’s activities throughout the year and how they led to Sintern’s current cash position.
2. Explain what is meant by the term “Cash or Cash Equivalents” as required in a Statement of Cash Flows.

The records of Alaska Company provide the following information for the year ended December 31. At Cost At Retail January 1 beginning inventory $ 469,010 $ 928,950 Cost of goods purchased 3,376,050 6,381,050 Sales 5,595,800 Sales returns 42,800 Required 1.Use the retail inventory method to estimate the company’s year-end inventory at cost. Check (1) Inventory, $924,182 cost 2.A year-end physical inventory at retail prices yields a total inventory of $1,686,900. Prepare a calculation showing the company’s loss from shrinkage at cost and at retail. (2) Inventory shortage at cost, $36,873

Bob is a movie start earning millions of dollars last year as an actor. He is also a 40% active owner in a nightclub business. He participates in the management and whenever he is available Bob performs playing clarinet at the club once a weekend. Last year (2019) the nightclub earned $100,000 after paying all bills including paying the owners fair compensation for their services. However the nightclub did not pay any of this income out to the owners.

What tax or taxes must Bob pay due to his ownership if the business was organized as a) a partnership b) an S Corporation or c) a C Corporation

At the end of its first year of operations on December 31, 2018, the Skyway Company reported taxable income of $30,000 and a pretax financial loss of $40,000. Differences between taxable income and pretax financial income included:Environmental fine from the EPA = $20,000Warranty costs expensed for accounting purposes in excess of cash paid for warranty costs = $50,000(Those warranty costs are expected to be paid in 2019.) The enacted tax rates for 2018 and 2019 are 30% and 34%, respectively.REQUIRED:(a) Prepare the income tax journal entry for the Skyway Company on December 31, 2018, assuming that it is more likely than not the deferred tax asset will be realized.(b) Prepare the income tax journal entry for the Skyway Company on December 31, 2018, assuming that it is more likely than not that 40% of the deferred tax asset will not be realized.

What is the present value of the following planned cash flow for a 25 year power plant project? Assume that the annual cost of money is 4.2%. Draw the cash flow diagram and present your solution. Initial Investment (construction costs) - $60,000,000 Annual operating costs - $750,000 Annual maintenance costs - $95,000 Projected decommissioning expenses – $13,000,000 Projected income from scrap - $350,000

The accompanying data table shows the energy consumed​ (in millions of​ Btu) in one year for a random sample of households from four regions. At alpha equals 0.10​, can you conclude that the mean energy consumption of at least one region is different from the​ others? Perform a​ one-way ANOVA test by completing parts a through d. If​ convenient, use technology to solve the problem. Assume that each sample is normally distributed and that the population variances are equal. LOADING... Click to view the data table of regional energy consumption.

North West Midwest South West

136.1 132.1 56.5 124.8

109.5 79.3 63.2 58.3

101.5 61.6 50.6 46.2

114.6 98.6 51.3 108.4

160.3 68.8 127.7

182.0

watercraft Supply CompanyIncome StatementFor the year Ended october 31, 2014Revenues:Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,350,000Interest revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000Total revenues................................................$1,365,000Expenses:Cost of merchandise sold.........................................$810,000Selling expenses.................................................140,000Administrative expenses .........................................90,000Interest expense................................................. 4,000Total expenses ............................................... 1,044,000Net income .......................................................$ 321,000Your sister is considering a proposal to increase net income by offering sales discounts of 2/15, n/30, and by shipping all merchandise FOB shipping point. Currently, no sales discounts are allowed and merchandise is shipped FOB destination. It is estimated that these credit terms will increase net sales by 10%. The ratio of the cost of merchandise sold to net sales is expected to be 60%. All selling and administrative expenses are expected to remain unchanged, except for store supplies, miscellaneous selling, office supplies, and miscellaneous administrative expenses, which are expected to increase proportion-ately with increased net sales. The amounts of these preceding items for the year ended October 31, 2014, were as follows:Store supplies expense$12,000Miscellaneous selling expense6,000Office supplies expense3,000Miscellaneous administrative expense2,500The other income and other expense items will remain unchanged. The shipment of all merchandise FOB shipping point will eliminate all delivery expenses, which for the year ended October 31, 2014, were $12,000.1.Prepare a projected single-step income statement for the year ending October 31, 2015, based on the proposal. Assume all sales are collected within the discount period.2.a. Based on the projected income statement in (1), would you recommend the implementation of the proposed changes?b.Describe any possible concerns you may have related to the proposed changes described in (1).