SECTION A Answer any FOUR questions from this section. Each question carries 10 marks. 1. For each of the independent situations described below‚ list the accounting principle or concept that has been violated and give your explanation. (10 marks) i. Raymond Company has been adopting different methods to calculate depreciation on its motor vehicles for the past 4 years. ii. In estimating the provision for doubtful debts‚ the accountant of Peter Limited prefers to have a provision
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1. An agency problem is prone to exist in public corporations because: E. management is frequently separated from ownership.2. Larson‚ Inc. has total assets of $248‚000 and an equity multiplier of 2.5. What is the debt-equity ratio? E. 1.5 3. Kate wants to invest $1‚000 for five years. Which one of the following will provide her with the largest future value? B. 7 percent interest‚ compounded monthly 5. Hilltop‚ Inc. earns $.12 in profit on every $1 of sales. The firm pays out 55 percent of its profits
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Interest Rate Risk The investors can also buy treasury bills and bonds of short maturity. Another suggested solution is to invest in bonds with different maturity dates. Protection against inflation The general opinion is that the bonds or debentures with fixed return
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Bond issue price and premium amortization Bond issue price and premium amortization On January 1‚ 2011‚ Placido Co. issued ten-year bonds with a face value of P1‚000‚000 and a stated interest rate of 10%‚ payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% ......................................... .386 Present value of 1 for 10 periods at 12% ...........
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this cost is paid after one month and the balance is paid after two months of the cost incurrence. Fixed selling expenses are Rs.12‚000 per month. Variable selling expenses are 12% of sales each month. Half-yearly interest on 12%‚ Rs.4‚50‚000 debentures is paid during July. Rs.60‚000 are expected to be invested in fixed assets during June An advance tax of Rs.15‚000 will be paid in July The company would maintain a minimum cash balance of Rs. 30‚000. The company’s cash balance as on 30th April
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IBRAHIM BADAMASI BABANGIDA UNIVERSITY LAPAI‚ NIGER STATE DEPARTMENT OF BUSINESS ADMINISTRATION BSC ACCOUNTING ASSIGNMENT ON ACC 407 (FINANCIAL MANAGEMENT) PRESENTED BY MUDI ABUBAKAR U09/FMS/ACC/055 Question; what are the Nature‚ objectives and scope of Financial Management According to Dr. S. N. Maheshwari‚ “Financial management is concerned with raising financial resources and their effective utilization towards achieving the organizational goals.” Nature of Financial Management Naturally
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CHAPTER 1: MEANING‚ NATURE AND SCOPE OF PUBLIC FINANCE Def: Public Finance is the field of economics that studies government activities and the alternative means of financing government expenditures. Our focus in this course is on the microeconomic functions of government‚ the way government affects the allocation of resources and the distribution of income. THE LEGAL FRAMEWORK The Appropriation Act gives the Government of Belize the authority to collect revenue and incur expenditure within
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BLW21/MT564 MODULE QUESTIONS Study Period 1 2011 INTRODUCTION It is only possible to cover a limited number of questions in each seminar. The questions are intended to reflect major principles where possible‚ but in some weeks it has been necessary‚ due to limited space‚ to omit questions on important issues. MODULE ONE QUESTION ONE In order to properly work with this unit you need to become proficient in working with the Corporations Act (CA). To commence that process please
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Part A Question 1: In this case‚ there were two parties. Mrs MARTIN FRANCIS BYRNES is the appellant who filled the case. Mr JOAN WILHELMINA BYRNES is another appellant and son of Mrs MARTIN FRANCIS BYRNES. Mr JOAN WILHELMINA BYRNES is also solicitor on behalf of his mother and regularly gave legal advice to his mother regarding to property and affairs. Mr CLIFFORD FRANK KENDLE is the responded. Mrs Byrnes and MrKendle married in 1980 when Mrs Byrnes was 60 years old and MrKendle was 57. It was
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Journal of Business Research‚ vol. 4‚ 2002 This article is brought to you by www.bdresearch.org A Comparison of Capital Structures Among MNCs and Local Companies in Bangladesh Javed Siddiqui* M. Zillur Rahman** Abstract: Prior studies in capital structure have attempted at establishing relationships between profitability and level of gearing. This study attempts at presenting a comparison of capital structures between MNCs and local blue chip companies enlisted with the DSE. The study concludes
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