FINANCIAL ACCOUNTING MID SEMESTER EXAM REVISION COMPILATION D2 ACC 100 D2 ACC 100 ACKNOWLEDGEMENT: * Extracted from Past Year Mid Term Exam Paper: D2ACC100 – SEM 1‚ 2006 – SEM 3‚ 2007 * Original idea belongs to Mr Gooi Chee San * Some of the questions have been modified to cater the needs of current student Sem 3‚ 2007 Question 3 Cabao is a financial consultancy firm. It updates its accounts everyday. Indicate the immediate effect of the following errors on each
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Answers Fundamentals Level – Skills Module‚ Paper F9 Financial Management 1 (a) December 2007 Answers (i) Price/earnings ratio method valuation Earnings per share of Danoca Co = 40c Average sector price/earnings ratio = 10 Implied value of ordinary share of Danoca Co = 40 x 10 = $4·00 Number of ordinary shares = 5 million Value of Danoca Co = 4·00 x 5m = $20 million (ii) Dividend growth model Earnings per share of Danoca Co = 40c Proposed payout ratio = 60% Proposed
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Summary: "March of the Penguins" is a documentary on the life cycle of Emperor Penguins. When these penguins turn five‚ they leave their coastal homes and head for their nesting ground in an organized manner. There they find a mate. The female lays a single egg‚ then transfers it to the male‚ and then goes back to the sea in search of food. The males huddle together for several months to keep warm in the midst of harsh winter winds. In the spring‚ the chicks hatch‚ and the females return. It’s now
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Case Analysis: What if We All Get Fat? Carlandra Moss Excelsior College November 8‚ 2014 What if we all get fat? According to the Obesity Society this is already occurring; obesity is a disease that affects more than one-third of the U.S. adult population (approximately 78.6 million Americans). The number of Americans with obesity has steadily increased since 1960‚ a trend that has slowed in recent years but shows no sign of reversing. Today‚ 69 percent of U.S. adults are categorized
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An overview of the case On July 20th‚ 1993 Walter Disney Corporation released a 100 year of bonds‚ with an interest value of 7.55% that is to be paid in every six months with overdue dates. Response to the deal was divided‚ even if the bonds had been there in the past‚ the level of debates on the matter raised the danger of debt payment ability of the debtors. The affiliation was viewed as a plus to Walter Disney Corporation and U.S economic system where its quest doubled up from $150 million to
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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Middlemarchis a novel of epic proportions‚ but it transforms the notion of an epic. Epics usually narrate the tale of one important hero who experiences grand adventure‚ and they usually interpret events according to a grand design of fate. Every event has immediate‚ grand consequences. Kings and dynasties are made and unmade in epic tales. Middlemarch’s subtitle is "A Study of Provincial Life." This means that Middlemarch represents the lives of ordinary people‚ not the grand adventures of princes and
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August 13‚ 2007 Nokia’s New Chipset Strategy Let the chips fall where they may ♦ Nokia announced a new chipset strategy including the use of standard 2G chipsets and the licensing of its protocol stack for merchant market chipset suppliers. ♦ Broadcom‚ STMicroelectronics and Infineon are the clear winners (in that order). ♦ To varying degrees all other chipset suppliers are losers while Texas Instruments faces a “two birds in the bush” situation. Signals Flash provides timely information
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The 95 Theses is what Martin Luther thought was wrong with the Catholic Church. Luther wrote the Theses and hammered it to the Wittenberg Castle Church on October 31‚ 1517. When Luther wrote the 95 Theses‚ he criticized the Pope’s power and the church’s extreme wealth. Luther also used the Printing Press to spread his 95 Theses quicker. Without the Printing Press‚ this phenomenon wouldn’t have happened. The document was written in Latin and posted on the door of a church‚ the 95 Theses became very
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Receivables Turnover According to the table that shows Gamma turnover is 5.8 times and it’s mean Gamma collect his receivables about 5.8 times each year but alpha turnover is 1.4 times and it’s mean that alpha collect his receivables about 1.4 times each year. So‚ Gamma Corporation has higher proportion than Alpha Corporation and it shows that gamma corporation operates more efficiently with smoother cash flow and collects the money from the creditor easily and on the time. Also‚ that probably gathered
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