Page No. 1. Cover Page……………………………………………………………………1 2. Contents. ………………………………………………………………….2 3. Computing the Amounts……………..……………………………3 4. Trading‚ Profit & Loss Account and Balance Sheet….9 5. Comments on the Performance of the Business…….10 6. Explaining the Limitation of Comparison…………...….12 7. References………………………………………………..……………..13 (A) Compute the following amounts: (I) Average Stock: Average stock = opening
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included in the assessable income of Nick. b) As per the principles of Ordinary Income compensation for loss of income is also an income therefore‚ it will form part of assessable income. Nick must include $50000 as his assessable income for the year. c) The amount has been received by Nick towards operation and rehabilitation expenses and therefore‚ they are not included under income from ordinary concepts. The receipt of $8000 will not be included in the assessable income of Nick.
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cash Budget: A document (or electronic spreadsheet) that shows the timing of cash flows into and out of the company. Pro Forma Statements: A projected income statement (for the next several months) and balance sheet (at the end of the forecasted time period). The Cash Budget One of the major functions of corporate finance is to anticipate the need for funds in the company. Although there are several methods for forecasting these needs‚ the cash budget is the most accurate (and most commonly
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Question 1 1. The following is Addison Corporation’s contribution format income statement for last month: Sales $1‚000‚000 Less: Variable Expenses $ 700‚000 Contribution Margin $ 300‚000 Less: Fixed Expenses $ 180‚000 Operating Income $ 120‚000 The company has no beginning or ending inventories. A total of 20‚000 units were produced and sold last month. What is the company’s margin of safety in dollars? $400 000 10
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Cash or Not? Whether or not cash should be eliminated is a big debate in our world today. Cash should not be eliminated to provide for safer control of your money. Without cash‚ plenty of problems appear like acts of crime‚ not having banking connections‚ and having your personal information on record. To start off with‚ criminals and hacking progress as technology does. In the Upfront magazine article called "The End of Cash"‚ the author says‚ "Security experts worry‚ for example‚ that hackers could
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ASSIGNMENT 1 Time Value of Money: PV & FV for Single Cash Flows 1.- Is this true or false? $100 invested for 10 years at 12% interest is worth more in FV terms than $200 invested for 10 years at 4% interest. (Answer: False) 2.- Megan wants to buy a designer handbag and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag. How much babysitting money (to the nearest whole dollar) will she need to earn today to buy the bag
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such events occur‚ they may contradict the goal of maximizing the share price of the equity of the firm. 【Liquidity】 What does liquidity measure? Explain the trade-off a firm faces between high liquidity and low liquidity levels. 【Calculating Cash Flows】 Dahlia Industries had the following operating results for 2009: sales = 22‚800; cost of goods sold = 16‚050; depreciation expense = 4‚050; interest expense = 1‚830; dividends paid = 1‚300. At the beginning of the year‚ net fixed assets were 13
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Subject: Cash Pooling Supervisor: Dr. Nasser Abu Mustafa University: NYIT Cash Management: Cash pooling Abstract The role of the corporate cash manager has been continuously revised over the past few years‚ as a result of the demand for more effective and efficient ways to support the core needs of the organization. This has resulted in new responsibilities for the corporate treasurer and cash manager. The cash management function is demanding
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Equity and Balance Sheet Leverage 1. Compare the stockholders’ equity section of the balance sheet with the statement of stockholders’ equity. Describe in general terms how they relate. The Balance Sheet equity is a snapshot of the balances at book value of the funds contributed by the owners to finance operations‚ whereas the statement of stockholders’ equity shows a summary of the transactions which took place during a financial period‚ ie shows the movement. The closing balances in the statement
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Off-balance Sheet Financing Vehicles – Restructuring Problems When something collapses‚ there are always some things to blame on; and for the financial crisis erupted August 2007‚ people blamed it on off-balance sheet financing vehicles. Special purpose entities (SPEs)‚ structured investment vehicles (SIVs)‚ or variable interest entities (VIE) are different terms used for “off-balance sheet financing” practices that banks had used to hide their debts until the recent market meltdown. This paper
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