Please solve by hand

A company is investing in a new expansion project which will cost $180,000 paid over 3 equal payments of $60,000. one payment is due now, one at the end of the first year and one at the end of the 2nd year. The project will start generating revenues of $44,000 per year at the end of the third year and up to and including the 10th year. Minimum Acceptable Rate of Return (MARR) = 8%. Please note that because this project is an investment, MARR provides the mathematical interest rate used for calculations (i).

a) Draw the cash flow diagram (CFD) for this investment showing cost and revenue components of the CFD.

b) If all the initial costs needed for this investment are to be financed from a line of credit. What is remarkable about a line of credit, as opposed to a loan, is that you can borrow the money whenever you want. Interest will only accrue after you borrow. The credit limit will always be available, even if you choose not to use it. That is, money can be borrowed whenever needed from an account up to $500,000.

Find the maximum interest rate for this line of credit so that the project is feasible. The company decided to pay back this money to the line of credit as a lump sum (one payment) at the end of the project (whenever the last revenue is received.

Kailee’s Cookery Pty Ltd sells ovens and access to online cooking classes. On 1 May 2020, Kailee’s Cookery Pty Ltd signs an agreement with Chef School to provide 15 weekly online cooking classes and five ovens. The contract price amounted to $66,000 (GST inclusive), on credit terms n/30 for the ovens and n/60 for the cooking classes. This amount also includes one free service of the oven to be performed six months after the delivery of the ovens to Chef School.

The stand-alone price for the 15 weekly online cooking classes is $33,000 (GST inclusive). The cooking classes will start on 18 May 2020.

The stand-alone price of the ovens is $55,000 (GST inclusive). The six-month service fee for the ovens is usually $1,100 (GST inclusive).

The ovens were delivered on 18 May 2020.

Chef School paid the full amount on 20 May 2020 for the ovens.

By 30 June 2020, 7 online cooking classes were delivered. Chef School has yet to make any payment for the online cooking classes.

Required:

With reference to AASB 15 Revenue from Contracts with Customers, apply the five-step process for revenue recognition in regards to the contract with Chef School. List each of the five steps and show any calculations

Bryant Corporation has provided the following information for the most recent quarter, July 1 through September 30 of 2020. Prepare a multiple-step Income Statement and the Asset section of a classified Balance Sheet, including the correct headings.

a. On September ?1, when we collected ?$66 comma 000 rent in? advance, we debited Cash and credited Unearned Rent Revenue. The tenant was paying one? year's rent in advance. At December? 31, we must account for the amount of rent we have earned. b. Interest revenue of ?$3 comma 400 has been earned but not yet received on a ?$50 comma 000 note receivable held by the business. c. Salary expense is ?$9 comma 300 per daylong dashMonday through Fridaylong dashand the business pays employees each Friday. This year December 31 falls on a Wednesday. d. Equipment was purchased last year at a cost of ?$325 comma 000. The? equipment's useful life is five years. It will have no value after five years. Record the? year's amortization. e. On March ?1, when we paid ?$7 comma 800 for a? one-year insurance? policy, we debited Prepaid Insurance and credited Cash. f. The business owes interest expense of ?$9 comma 000 that it will pay early in the next period. g. The unadjusted balance of the Supplies account is ?$13 comma 500. The total cost of supplies remaining on hand on December 31 is ?$6 comma 000.

New Slang Pest Control has the following balances in selected accounts on December 31, 2019. Accounts Receivable $ 0 Accumulated Depreciation – Equipment 0 Equipment 6,650 Interest Payable 0 Notes Payable 20,000 Prepaid Insurance 2,220 Salaries and Wages Payable 0 Supplies 2,940 Unearned Service Revenue 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. ( annual ) 1. Depreciation on the equipment for 2019 is l.E.1,300. 2. New Slang Pest Control borrowed L.E. 20,000 by signing a 10%, one-year note on July 1, 2019 (6 month). 3. New Slang Pest Control paid L.E. 2,220 for 12 months of insurance coverage on October 1, 2019 (3 month). 4. Salaries to be paid beginning of Jan 2020 were 2000. 5. New Slang Pest Control performed services for a client in December 2019. The client will be billed L.E.3,200. 6. Revenue earned by December 2019 for L.E.30000 7. A count of supplies on December 31, 2019, indicates that supplies of L.E. 850 are on hand. Instructions Prepare in journal, the adjusting entries for the seven items listed for New Slang Pest Control.

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company’s costs: Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.70 Electricity $ 1,400 $ 0.07 Maintenance $ 0.30 Wages and salaries $ 4,800 $ 0.40 Depreciation $ 8,300 Rent $ 2,000 Administrative expenses $ 1,500 $ 0.03 For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,100 Revenue $ 52,500 Expenses: Cleaning supplies 6,100 Electricity 1,930 Maintenance 2,640 Wages and salaries 8,360 Depreciation 8,300 Rent 2,200 Administrative expenses 1,640 Total expense 31,170 Net operating income $ 21,330 Required: Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

1. Presented below is the adjusted trial balance of Winding, Inc. at August 31, 2020:

Use the form provided to prepare a classified Balance Sheet for Winding, Inc. Ignore income

BookWeb, Inc., sells books and software over the Internet. A recent article in a trade journal has caught the attention of management because the company has experienced soaring inventory handling costs. The article notes that similar firms have purchasing, warehousing, and distribution costs that average 13 percent of sales. Thirteen percent is attractive to BookWeb management when compared to its results for the past year, shown in the following table.

Book sales revenue totaled $3,900,000 and software sales revenue totaled $2,600,000. A review of the company’s activities found various inefficiencies with respect to the warehousing of books and the outgoing shipments of software. In particular, book misplacements resulted in an extra 550 moves and software had 250 incorrect shipments.

Problem 19.7A Part e

e-1. Do either of the product lines require additional cost cutting to achieve the target percentages?

e-2. How much additional cost cutting is needed to achieve the target percentages?

On February 1, 2018, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,540,000. During 2018, costs of $2,180,000 were incurred with estimated costs of $4,180,000 yet to be incurred. Billings of $2,680,000 were sent, and cash collected was $2,430,000.

In 2019, costs incurred were $2,680,000 with remaining costs estimated to be $3,870,000. 2019 billings were $2,930,000 and $2,655,000 cash was collected. The project was completed in 2020 after additional costs of $3,980,000 were incurred. The company’s fiscal year-end is December 31. Arrow recognizes revenue over time according to percentage of completion.

Required:
1. Compute the amount of revenue and gross profit or loss to be recognized in 2018, 2019, and 2020 using the percentage of completion method?
2a. Prepare journal entries for 2018 to record the transactions described (credit "various accounts" for construction costs incurred).
2b. Prepare journal entries for 2019 to record the transactions described (credit "various accounts" for construction costs incurred).
3a. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2018.
3b. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2019.

Also, What is construction expenses to date for 2019?