Homework Answers
| Loan Amt | ROI | Interest | |
| $1,200.00 | 8% | $96.00 | |
| $800.00 | 10% | $80.00 | |
| $1,000.00 | 8.00% | $60.00 | |
| Total | $3,000.00 | $236.00 | |
| Capitalization Rate | Interest Accrued | ||
| Loan Amount | |||
| $236.00 | |||
| $3,000.00 | |||
| 7.87% | |||
| a.) | |||
| Expenditure on development Property | |||
| Amount | Date | Months | |
| 400000 | 1/4/13 | 9 | |
| 200000 | 1/10/13 | 3 | |
| Amount to be capitalized | |||
| ((400000*9*8)/1200)+((200000*3*8)/1200) | |||
| $28,000.00 | ANS | ||
| ANSWER | $28,000.00 | ||
| b.) | |||
| Expenditure on development Property | |||
| Amount | Date | Months | |
| 400000 | 1/4/13 | 9 | |
| 200000 | 1/10/13 | 3 | |
| Amount to be capitalized | |||
| ((400000*9*7.87)/1200)+((200000*3*7.87)/1200) | |||
| $27,545.00 | ANS | ||
| ANSWER | $27,545.00 | ||
| Thanks & Regards | |||
| Hoping for a Positive Response | |||
Add Answer to:
Question 2 On 1 April 2013, AC Ltd engaged in the development project of a qualifying...
Question 19.2 Warwick Ltd Trial Balance as at 31 December 2013 Dr 2,800,000 1,500,000 620,000 224,000...
Question 19.2 Warwick Ltd Trial Balance as at 31 December 2013 Dr 2,800,000 1,500,000 620,000 224,000 450,000 186,000 6,105,800 3,160,400 280,100 135,000 Buildings - Cost Machinery - Cost Motor Vehicles - Cost Accumulated Depreciation as ar 31 December 2012: Buildings Machinery Motor Vehicles Revenue Purchases Inventory as at 1 January 2013 Purchases returns Sales returns Manufacturing wages Administration costs Administration wages Auditors fee Directors fees Motor Expenses Bad Debts Allowance for bad debts Finance cost Ordinary Share Capital El each...
The following information has been extracted from the books of account of Tanya Marsh at 30 April 2016 2275 10 000 6 550 1 250 5 600 15 000 11 500 12 500 23 500 44 500 35 405 2 800 1 200 120 000 45 2...
The following information has been extracted from the books of account of Tanya Marsh at 30 April 2016 2275 10 000 6 550 1 250 5 600 15 000 11 500 12 500 23 500 44 500 35 405 2 800 1 200 120 000 45 200 25 652 Bank overdraft Bank loan repayable February 2017 Carriage outwards Discounts allowed Discounts received Drawings Inventories at 1 May 2015 Motor vehicle expenses Premises Purchases Rent (expense) and rates Returns inwards Returns...
Question 4 (30 marks) Sunlight Property Development Limited (Sunlight) is a company which acquires and develops...
Question 4 (30 marks) Sunlight Property Development Limited (Sunlight) is a company which acquires and develops significant properties. The company holds a diversified property portfolio, including hotels, office buildings, and leisure centres. Some of these properties are used by the company for providing services or for administrative purpose, while some of them are for rental purpose. One of the commercial buildings, namely Building A, will be redeveloped into a 50-storey office tower (the construction project). The construction is expected to...
Question 1, 2 and 3 GIVEN INFORMATION FOR QUESTIONS 1-3 The financial information below pertains to Notsonice CC. The information was prepared by the Close Corporation's accountant. The me...
Question 1, 2 and 3
GIVEN INFORMATION FOR QUESTIONS 1-3 The financial information below pertains to Notsonice CC. The information was prepared by the Close Corporation's accountant. The members of the Close Corporation are considering hiring a more suitable accountant as the statement of financial position never balances. EXTRACT OF BALANCES OF NOTSONICE CC AS AT 31 JULY 2019 Member's contribution: Not Member's contribution: So Member's contribution: Nice Land and buildings at cost Furniture and equipment at cost Accumulated depreciation:...
2.Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in...
2.Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $46,000 2) borrowed $28,000 from its bank 3) provided consulting services for $44,000 cash 4) paid back $18,000 of the bank loan 5) paid rent expense for $10,500 6) purchased equipment for $15,000 cash 7) paid $3,300 dividends to stockholders 8) paid employees' salaries of $24,000 What is Yowell's net cash flow from operating activities? Multiple...
QUESTION4 Diagnostics Ltd is a key supplier of medical equipment to hospitals and other health facilities....
QUESTION4 Diagnostics Ltd is a key supplier of medical equipment to hospitals and other health facilities. Diagnostics was incorporated under the Cempanies Act of 2004 in 2012, and is a registered VAT vendor, Al its suppliers are also VAT vendors and VAT is calculated at a rate of 15%. The following infomation was extracted from the records of Dlagnostics Ltd for the reporting porlod ended 31 March 2016. (26 MARKS) Note Dr Cr 12 500 000 Sales Cost of sales...
1 Given information for questions 1, 2, 3, 4, 5 and 6: The following information pertains...
1 Given information for questions 1, 2, 3, 4, 5 and 6: The following information pertains to YBlue ended 31 July 2020: Close Corporation for the financial year 1. EXTRACT of balances at 31 July 2020 R Member's contribution: Y Yellow 270 000 Member's contribution: B Blue 110 000 Retained earnings (31 July 2019) 24 950 Revaluation reserve 34 000 Loan from Y Yellow 85 000 Loan to B Blue 60 000 Interim profit distribution to members 48 000 Allowance...
ASSIGNMENT 7: FINANCIAL ACCOUNTING Note: 1. Value Added Tax (VAT) must be ignored 2. Use the form...
All questions need to be answered please. From
questions 1 to question 5.
ASSIGNMENT 7: FINANCIAL ACCOUNTING Note: 1. Value Added Tax (VAT) must be ignored 2. Use the formats contained in your study guide to answer questions 2 to 5 (20) QUESTION 1 REQUIRED For each of the following questions, write down only the letter of the correct answer e.g. 1.6 C. Do not shovw any calculations. 1.1 he following information relates to an item of inventory sold by...
2 16 RDD 71% je QUESTION 1 (20 MARKS) P. Gumede is the proprietor of PG...
2 16 RDD 71% je QUESTION 1 (20 MARKS) P. Gumede is the proprietor of PG Stores. He commenced trading on 01 March 2017. At the end of the second year of trading, his bookkeeper resigned unexpectedly and Mr Gumede found that the financial statements for the year ended 28 February 2019 were incomplete. He requires your assistance in completing them. The pre-adjustment trial balance, adjustments and additional information that were extracted from the accounting records as at 28 February...
Sent Need the answers for that whole question paper True or false questions (25) has any...
Sent
Need the answers for that whole question paper
True or false questions
(25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each question carries 2 Marks 1. Accounting Principle is general law or rule followed in the preparation of financial statements 2. Usefulness, objectivity and feasibility are the three basic norms generally found in accounting principles 3. The Cash book record only the cash payments 4. If a...
Question 19.2 Warwick Ltd Trial Balance as at 31 December 2013 Dr 2,800,000 1,500,000 620,000 224,000 450,000 186,000 6,105,800 3,160,400 280,100 135,000 Buildings - Cost Machinery - Cost Motor Vehicles - Cost Accumulated Depreciation as ar 31 December 2012: Buildings Machinery Motor Vehicles Revenue Purchases Inventory as at 1 January 2013 Purchases returns Sales returns Manufacturing wages Administration costs Administration wages Auditors fee Directors fees Motor Expenses Bad Debts Allowance for bad debts Finance cost Ordinary Share Capital El each...
The following information has been extracted from the books of account of Tanya Marsh at 30 April 2016 2275 10 000 6 550 1 250 5 600 15 000 11 500 12 500 23 500 44 500 35 405 2 800 1 200 120 000 45 200 25 652 Bank overdraft Bank loan repayable February 2017 Carriage outwards Discounts allowed Discounts received Drawings Inventories at 1 May 2015 Motor vehicle expenses Premises Purchases Rent (expense) and rates Returns inwards Returns...
Question 4 (30 marks) Sunlight Property Development Limited (Sunlight) is a company which acquires and develops significant properties. The company holds a diversified property portfolio, including hotels, office buildings, and leisure centres. Some of these properties are used by the company for providing services or for administrative purpose, while some of them are for rental purpose. One of the commercial buildings, namely Building A, will be redeveloped into a 50-storey office tower (the construction project). The construction is expected to...
Question 1, 2 and 3
GIVEN INFORMATION FOR QUESTIONS 1-3 The financial information below pertains to Notsonice CC. The information was prepared by the Close Corporation's accountant. The members of the Close Corporation are considering hiring a more suitable accountant as the statement of financial position never balances. EXTRACT OF BALANCES OF NOTSONICE CC AS AT 31 JULY 2019 Member's contribution: Not Member's contribution: So Member's contribution: Nice Land and buildings at cost Furniture and equipment at cost Accumulated depreciation:...
QUESTION4 Diagnostics Ltd is a key supplier of medical equipment to hospitals and other health facilities. Diagnostics was incorporated under the Cempanies Act of 2004 in 2012, and is a registered VAT vendor, Al its suppliers are also VAT vendors and VAT is calculated at a rate of 15%. The following infomation was extracted from the records of Dlagnostics Ltd for the reporting porlod ended 31 March 2016. (26 MARKS) Note Dr Cr 12 500 000 Sales Cost of sales...
1 Given information for questions 1, 2, 3, 4, 5 and 6: The following information pertains to YBlue ended 31 July 2020: Close Corporation for the financial year 1. EXTRACT of balances at 31 July 2020 R Member's contribution: Y Yellow 270 000 Member's contribution: B Blue 110 000 Retained earnings (31 July 2019) 24 950 Revaluation reserve 34 000 Loan from Y Yellow 85 000 Loan to B Blue 60 000 Interim profit distribution to members 48 000 Allowance...
All questions need to be answered please. From
questions 1 to question 5.
ASSIGNMENT 7: FINANCIAL ACCOUNTING Note: 1. Value Added Tax (VAT) must be ignored 2. Use the formats contained in your study guide to answer questions 2 to 5 (20) QUESTION 1 REQUIRED For each of the following questions, write down only the letter of the correct answer e.g. 1.6 C. Do not shovw any calculations. 1.1 he following information relates to an item of inventory sold by...
2 16 RDD 71% je QUESTION 1 (20 MARKS) P. Gumede is the proprietor of PG Stores. He commenced trading on 01 March 2017. At the end of the second year of trading, his bookkeeper resigned unexpectedly and Mr Gumede found that the financial statements for the year ended 28 February 2019 were incomplete. He requires your assistance in completing them. The pre-adjustment trial balance, adjustments and additional information that were extracted from the accounting records as at 28 February...
Sent
Need the answers for that whole question paper
True or false questions
(25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each question carries 2 Marks 1. Accounting Principle is general law or rule followed in the preparation of financial statements 2. Usefulness, objectivity and feasibility are the three basic norms generally found in accounting principles 3. The Cash book record only the cash payments 4. If a...
Most questions answered within 3 hours.
-
A junction box contains two trade size 2 raceways on the left
side, and two trade...
asked 26 minutes ago -
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 1 hour ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 2 hours ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 3 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 5 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 5 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 6 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 8 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 8 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 8 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 9 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 10 hours ago