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Difference between ifrs and Dutch GAAP
Andretti Company has a single product called a Dak. The company normally produces and sells 89,000 Daks each year at a selling price of $56 per unit. The company’s unit costs at this level of activity are given below:
Olivia works in Sntra plc. She earns annual employment income of £15,000. Olivia uses the house belonging to her employer for personal use (not job related), she pays notional rent of £1,600 The annual value is £9,200. She has been living in the house since December 2012. The house has a costed the company £120,000 when it was first bought in January 2009 and has a market value of £185,000 in March 2021. Her employers also pay for lighting and heating expenses of the house costing £1,850 a year.
a) Calculate the Olivia’s taxable benefit for 2020/21.
b) What will be the Olivia’s tax benefit if the accommodation was job related?
a) The fact that your trial balance agree does not mean that there are no errors. Discuss
12 marks
b) Accounting equation is the basis for the preparation of statement of financial position
in accordance to IFRS financial statement presentation. Explain 10 marks
c) Explain double entry in accounting and relate it to appropriate accounting concept.
Given the supply function and inverse demand function, Qs = 40 + 20 P and p=10-1/10Q
respectively. Determine the equilibrium price and quantity?
Primary and secondary schooling is free in state schools in our country. If parents are
given a choice of schools for their children, there will be a shortage of places in popular
schools. What methods could be used for dealing with this shortage? What are their
relative merits?
Analyze the annual reports of Flour Mills of Fiji (2020), RB Patel Ltd (2020) and Paradise Beverages Ltd (2019) from South Pacific Stock Exchange (SPSE) and answer the following questions.
1. Calculate the share value using Dividend Discount Model, assuming dividend will grow 3% for Flour Mills of Fiji, 6% for RB Patel Ltd and 9% for Paradise Beverages constantly for the companies on their respective base year.
2. Calculate the Earnings Per Share (EPS) and the Market Capitalization for each of the companies.
3. Comment on the share value of the companies given the Dividend Discount Model (Question 1) and EPS (Question 2).
The investment in Branch accounting has a balance that equals the account of the branch?
what is economics?
66) Cambra Corporation manufactures two products: Product N70E and Product F54Y. The
company is considering implementing an activity-based costing (ABC) system that allocates its
manufacturing overhead to four cost pools. The following additional information is available for
the company as a whole and for Products N70E and F54Y.
Activity Cost Pool Activity Measure Total Cost Total Activity
Machining Machine-hours $ 171,000 9,000 MHs
Machine setups Number of setups $ 150,000 250 setups
Product design Number of products $ 78,000 2 products
General factory Direct labor-hours $ 330,000 10,000 DLHs
Activity Measure Product N70E Product F54Y
Machine-hours 5,000 4,000
Number of setups 150 100
Number of products 1 1
Direct labor-hours 4,000 6,000
Using the ABC system, the percentage of the total overhead cost that is assigned to Product
F54Y is closest to:
A) 51.17%
B) 27.16%
C) 50.00%
D) 24.01%
