Accounting Answers

Construct a line graph using the information about three quarter periods and following product sales data for the four products:
Quarter 1(July-September) product 1 $4,500,000 sales revenue, product 2 $2,500,000 sales revenue, product 3 $3,500,000 sales revenue and product 4 $4,500,000
Quarter 2 (October-December) product 1 $2,500,000 sales revenue, product 2 $4,500,000 sales revenue, product 3 $1,500,000 sales revenue and product 4 $2,800,000
Quarter 3 (January-March) product 1 $2,000,000 sales revenue, product 2 $2,000,000 sales revenue, product 3 $3,000,000 sales revenue and product 4 $,5,000,000

What three steps should be undertaken when identifying feasibility by comparing projections with market growth and development?

Describe the differences between quantitative and qualitative data in relation to budgeting. What are some advantages and disadvantages of each approach?

What details should be included on timesheets

You have a credit card that charges an APR of 27%. You make a variable amount of charges each month (see below) but you make the same payment amount each month: $250. If you start with a balance of $0 and borrow the amounts indicated below, what would be the balance owed at the end this year.

Month Borrowed amount

June $280

July $320

August $400

September $300

October $200

November $180

December $350

January $150

February $250

March $210

April $200

May $280

Balance after these 12 months: ?

Following information is extracted from the books of XYZ Traders on 31st December
2018.
Particulars Rs. Particulars Rs.
Salesman salary 60,500 Sales revenue 121,000
Plant & Machinery 750,000 Land & Building 840,000
Furniture and Fixtures 170,000 Long term loans 45,000
Goodwill 100,000 Patent rights 150,000
Gross profit 24,000 Commission received 20,000
Copy rights 220,000 Salaries of marketing staff 172,000
Sundry creditors 25,000 Mark up on loan 14,000
Salaries of office staff 160,000 Advertising expenses 63,000
Electricity charges of office
building
95,000 Short term loans 33,000
Rent of office building 60,000 Taxes paid 31,000
Required:
Based on the above information of XYZ Traders, you are required to calculate the
amount of:
1. Tangible Assets
2. Intangible Assets
3. Administration Expenses
4. Selling Expenses

Using practical examples, demonstrate how communication skills course sharpened your academic acumen ship and prepare you for the workplace.

On 13 April 2017, applications had been received for 750 000 shares and it was decided to allot the shares to applicants for 625 000 shares, on the basis of four shares for every five shares for which applications had been received. The balance of the money received on application was to be applied to the amounts due on allotment. The shares were allotted on 1 May 2017, the unsuccessful applicants being repaid their cash on this date. The balance of the allotment money was received in full by 15 May 2017.
With the exception of one member who failed to pay the call on the 5 000 shares allotted to him, the remainder of the call was paid in full within two weeks of the call being made. The directors resolved to forfeit these shares on 1 September 2017, after giving the required notice. The forfeited shares were reissued on 30 September 2017 to another member at R0.90 per share.
REQUIRED:
Write up the ledger accounts necessary to record these transactions in the books of M Limited.

Sheen Ltd manufactures garden tools and has decided to expand operations. The new
operations are expected to increase EBIT from the current level of $500 000 to $1 million p.a.
Sheen has a capital structure that utilises bonds, ordinary equity and preference shares. The
$500 000 of issued bonds pay 6% p.a.. Preference shares pay an annual fixed dividend of $70
000. The company has 1 000 000 ordinary shares that are trading at $5.1 per share. The
Australian corporate tax rate is 30%. Most of the shareholders of Sheen live outside Australia
and cannot fully utilise dividend imputation credits.
Sheen needs to raise $700 000 to fund the expansion. Assuming the company can issue new
shares at the current market price, what is the impact on EPS new shares are issued to fund the
centre? If new debt can be raised at a 9% interest rate, what is the impact on EPS of using debt
rather than a new equity issue?

M Limited has an authorised share capital of R1 500 000 divided into 1 500 000 ordinary shares of R1 each. The issued share capital at 31 March 2017 was R500 000 which was fully paid, and had been issued at par. On 1 April 2017, the directors, in accordance with the company’s Articles, decided to increase the share capital of the company by offering a further 500 000 ordinary shares of R1 each at a price of R1.60 per share, payable as follows:
• On application, including the premium R0.85 per share
• On allotment R0.25 per share
• On first and final call on 3 August 2017 R0.50 per share

REQUIRED:
Write up the ledger accounts necessary to record these transactions in the books of M Limited.