PCL386 Assignment 1 Instructions 2024
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PCL386 2024
Assignment 1 Instructions
General Instructions Assignment posted on Wednesday January 24 and due ~two weeks later on Friday February 9th 11:59 pm, Toronto time.
1.
You will be assigned 2 questions randomly through Quercus.
2.
Use only the template document for submission. Place your name and student number on the top of each page in header.
3.
Submit your completed exams into appropriate Assignment location in Quercus as a
PDF file
4.
Submit your assignment as a PDF file named as follows: Iulia_Grigore_987654321.pdf
5.
Use only Arial 12 point font. Single spacing is acceptable.
6.
The required length of the answers is detailed in each question. Please stay within the guidelines. Answers that are too long or too short will be penalized.
7.
Grading Scheme:
SCIENTIFIC ACCURACY (2.5 / 5): Answer the specific questions with appropriate background info in a clear, concise and scientifically accurate manner.
ORIGINAL DIAGRAM/SCHEMATIC (1 / 5): Signaling schematic (diagram) is required!
Must be an original image, adapted from your readings. Is the figure well integrated and complimentary to text? Figures must have their own figure legends (which do not count towards word limit).
RESOURCEFULNESS (0.5 / 5): MUST use references. Answers must be fully referenced (Please do not reference Wikipedia or my lectures). Review articles and original data papers are the most appropriate references.
CLARITY OF TEXT (0.5 / 5): Write your answer in a clear logical and polished manner. Do not use point form. Compose your answers in full sentences and paragraphs. Avoid spelling errors and use proper grammar.
OVERALL STYLE / CREATIVITY (0.5 / 5): Is the data presented in a convincing & concise manner. Attention to detail and “out of the box” content will be scored favourably.
PCL386 2024
8.
We will actively assess for and will penalize plagiarism as measured by Turnitin. Answer questions in your own words. Your answers will reflect your understanding.
9.
If you have any questions use Assignment #1 discussion board on
Quercus
. We will
do our best to answer questions within 24 hours of posting. If you post in the last 24 hours prior to submission, we may not get to them.
10.
How to reference:
Use numbers as in text citations: The first reference cited is numbered (1), the second (2), and so on. If you cite the first one again later in your document, it is numbered (1).
Bibliography as follows: 1. Sulston J. Beyond release: the equitable use of genomic information. Lancet. 2003;362(9381):400-2.
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A compound journal entry involves
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Assignment Problem
Anand Kalaimani Al Harthi SAOG located in Muscat Sultanate of Oman involved in manufacturing of
Drugs and Pharmaceutical Industry from 1981 to till now. The SAOG Company has provided the
following information for the months of September, October, November and December 2023.
Month
Sales
Material
Wages
Postage
Electrical
Other
September
Expense
Expense
10,000
6,000
350
1,200
1,000
5,000
October
12,500
7,500
550
2,400
2,000
6,000
November
13,600
8,200
850
3,600
3,000
5,500
December
19,400
9,000
950
4,800
4,000
3,200
Additional information:
a) Cash Balance on 1/10/2023 is RO X000000
b) Sales 25 per cent is for Cash in the same month. 50 per…
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Chapter 12 Homework a
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp
Zachary Services Company has 61 employees, 36 of whom are assigned to Division A and 25 to Division B. Zachary incurred $364,170
of fringe benefits cost during year 2.
20
points
Required
Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B.
O Answer is complete but not entirely correct.
Allocated
Cost
Division
A
s 160,420 O
B
$ 172,760
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Using the information from the accounts title picture fill in the the orange and green document using the directions on the right side. If this doesn’t make sense, I’m sorry.
This worksheet is for the period ended December 31 and the company name is Del's Delivery.
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PDF TUTORIAL QUESTION 4.pdf
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BP22603 FINANCIAL ACCOUNTING AND REPORTING III
SEM 2, 2021/2022
QUESTION 3
On 1.1.2016 the management of ANDY Bhd granted its 100 employees in the production units
options to buy 100 shares each. If production increased by a minimum of 10%, the options
granted would increase by 10% and if the production increased by 20% or more the options
granted would increase by 20%. The options would vest at the end of the third year.
In 2016, the company estimated that production would not increase and that ten employees
would leave before the end of year 2018. In year 2017, five employees left and the company
estimated that productivity would increase by 15% only and only 75 employees would remain
in service till end of year…
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On November 1 of the current year, a business paid the annual rent on the building it occupies. A debit entry for the amount of $8,400 was posted to Rent Expense. (A) Under the accrual basis of
accounting, explain how the transaction on November 1 should be recorded. (B) Assuming that the accrual basis of accounting is used, explain why an adjusting entry is needed at the end of the
accounting period on December 31. At least 150 words must be used, and the number of words used should not exceed 180.
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provude formula please
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Required:
Calculate the amount recognised as expenses and amount disclosed as equity.
QUESTION 4
At 1.1.2017, KAZA Bhd grants 80,000 share appreciation rights to employee, with service
condition that the employee will still be employed in KAZA for three years. grant date,
KAZA's share price is RM3.00. The rights grants have a life of five years. At 31.12.2019,
employee will be received cash by KAZA based on the value of the rights on that date. At the
end of years 2020 and 2021, KAZA will pay the further cash to the employee if the rights have
appreciated in value. Fair value of the share appreciation rights for the five-years are as
follows:
Year
Share price RM
Dividend yield
%
Value of rights
RM
0
3.00
1
0.81
2017…
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The following information was extracted from the Books of Anderson for the year ended 30
Contra entries
6840
June 2021.
Sales Ledger Balances at 01 July 2020
Sales Ledger Balances at 30 June 2021
30% of the sales were credit sales and 40% of the purchases were cash purchases.
John Moore
Bs 2 300
Debit
Mini Cooper
Bs 3000
Credit
Required:
Max Weldom
Bs 1 200
Debit
John Moore
Bs 1500
Credit
a) Prepare a Sales Ledger Control Account for the year ended 30 June 2021.
Elena Bridge
Bs 900
Debit
b)…
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April 2 Nozomi invested $36,000 cash and computer equipment worth $35,000 in the company in exchange for its common
stock.
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209 Salaries Payable
307 Common Stock
318 Retained Earnings
319 Dividends
@
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2
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Exercise 11-13 a-b (Part Level Submission)
According to a payroll register summary of Bramble Company, the amount of employees' gross pay in December was $862,000, of which $87,000 was not subject to Social Security
taxes of 6.2% and $761,000 was not subject to state and federal unemployment taxes.
(a)
X Your answer is incorrect. Try again.
Determine the employer's payroll tax expense for the month, using the following rates: FICA 7.65%, state unemployment 5.4%, and federal unemplayment 0.8%. (Round
answer to 0 decimal places, e.g. 125.)
Payroll tax expense
$:
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On June 30 a designer received a check in the amount of $7,500 from a customer for design services to be provided after the
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Record the receipt of a check dated June 30 for $7,500 from a customer for
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References
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Credit
June 30
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Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is
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At the beginning of the current period, Vaughn had balances in Accounts Receivable of $273,000 and in Allowance for Doubtful Accounts of $9,200 (credit). During the period, it had net credit sales of
$870,000 and collections of $826,500. It wrote off as uncollectible accounts receivable of $6,700. However, a $3,000 account previously written off as uncollectible was recovered before the end of
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(a - d)
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32 Total
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35
balance as the Retained Earnings account?
3. Which type of income statement account has the opposite type of
balance as the Retained Earnings account?
S-F:4-7. Determining net income using a worksheet (Learning
Objective 2)
A
4. What do we call the difference between total debits and total credits
on the income statement section of the worksheet?
A partial worksheet for Ramey Law Firm is presented below. Solve for
the missing information.
Income Statement
Debit
(a)
8,375
(d)
K
23
C For each aces
Credit
$ 24,850
$24,850
L
Debit
$ 211,325
Balance Sheet
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$ 202,950
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(f)
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F myCampus Portal Login - for Stu X
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Table of Contents > Week 9: Operational and legal Considerations > Lecture Notes > 09 Operational and Legal Considerations
09 Operational and Legal Considerations -
>
Calculating Capacity
• How many machines do you need?
• You expect your sales to be
3,000,000 granola bars (20g each)
• How large is your plant?
per month
• How many workers do you need?
The machine:
• How much is the investment?
Capacity: 100 kgs per hour
• What are the operating costs?
Requires 2 people to operate it
Takes 8 ft x 40 ft space
• Cost per machine $15,000
Energy and maintenance: $5 per hour
• Cost of material and packaging:
$0.12 per bar
I Group Project.xlsx
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mework Assignment
Question 1 of 2
- / 5
Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,00O.
Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to
pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any
returns or any issues with payment.
Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered
on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers
cost…
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Exercise 2-8 (Algo) Preparing journal entries LO A1
Following are the transactions of Sustain Company.
June 1 T. James, owner, invested $11,50 cash in Sustain Company in exchange for common stock.
June 2 The company purchased $4,500 of furniture made from reclaimed wood on credit.
✪
June 3 The company paid $700 cash for a 12-month prepaid insurance policy on the reclaimed furniture.
June 4 The company billed a customer $3,500 for sustainability services provided.
June 12 The company paid $4,500 cash toward the payable from the June 2 furniture purchase.
June 20 The company collected $3,500 cash for services billed on June 4.
June 21 T. James invested an additional $10,500 cash in Sustain Company in exchange for common stock.
June 30 The company received $5,500…
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Kevin is a sole trader involved in the manufacture of heating systems for the construction
(i)
Inventory was counted and valued at 3 January 2018 at Rs 246,800. On 2 January
industry. You have been appointed as the financial accountant and the following trial balance
2018, inventory was sold at a sales price of Rs 30,000. Kevin makes a margin on 20%
was extracted from its books as at 31 December 2017:
on its sales. The sales transaction is accounted for in the 2018 financial statements.
(ii)…
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- pokmarks Window Help A edu Exam 1 WP NWP Assessment Player UI Application Question 21 of 42 View Policies Current Attempt in Progress A compound journal entry involves four or more accounts. three accounts only. two accounts. three or more accounts. Save for Laterarrow_forwardjust Q 1arrow_forwardQ 5arrow_forward
- G me Insert Design Layout References Management Accounitng-1 Student Activity-Word 6 Mailings Review View Tell me what you want to do... Sign in Shan bri (Body) -11AA Aa E-E-S-3811 Iu・axxx ・ツ・A・ミョ AA = Find- AaBbCcDc AaBbCcDc AaBbC AaBbCcl Replace ·田 1 Normal No Spac... Heading 1 Heading 2 Select- Font Paragraph 2 Styles GI Editing Assignment Problem Anand Kalaimani Al Harthi SAOG located in Muscat Sultanate of Oman involved in manufacturing of Drugs and Pharmaceutical Industry from 1981 to till now. The SAOG Company has provided the following information for the months of September, October, November and December 2023. Month Sales Material Wages Postage Electrical Other September Expense Expense 10,000 6,000 350 1,200 1,000 5,000 October 12,500 7,500 550 2,400 2,000 6,000 November 13,600 8,200 850 3,600 3,000 5,500 December 19,400 9,000 950 4,800 4,000 3,200 Additional information: a) Cash Balance on 1/10/2023 is RO X000000 b) Sales 25 per cent is for Cash in the same month. 50 per…arrow_forwardExamity Dashboard (click this Question 2 - Chapter 12 Home x O ezto.mheducation.com/ext/map/index.html?.con=con&external browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25 Chapter 12 Homework a Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp Zachary Services Company has 61 employees, 36 of whom are assigned to Division A and 25 to Division B. Zachary incurred $364,170 of fringe benefits cost during year 2. 20 points Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. O Answer is complete but not entirely correct. Allocated Cost Division A s 160,420 O B $ 172,760 MacBook Airarrow_forwardUsing the information from the accounts title picture fill in the the orange and green document using the directions on the right side. If this doesn’t make sense, I’m sorry. This worksheet is for the period ended December 31 and the company name is Del's Delivery.arrow_forward
- ← = PDF TUTORIAL QUESTION 4.pdf C 2 of 3 Q 5 X PDF Topic 4 Employee Benefits.pdf x | + Ⓒ File | C:/Users/acer/Documents/UNIVERSITI%20MALAYSIA%20SABAH/SEMESTER%204%20COURSE/BP22603%20FAR%20111/CHAP... Q โค + Q CD Page view | A Read aloud | □ Add textDraw Erase Highlight 1|2 BP22603 FINANCIAL ACCOUNTING AND REPORTING III SEM 2, 2021/2022 QUESTION 3 On 1.1.2016 the management of ANDY Bhd granted its 100 employees in the production units options to buy 100 shares each. If production increased by a minimum of 10%, the options granted would increase by 10% and if the production increased by 20% or more the options granted would increase by 20%. The options would vest at the end of the third year. In 2016, the company estimated that production would not increase and that ten employees would leave before the end of year 2018. In year 2017, five employees left and the company estimated that productivity would increase by 15% only and only 75 employees would remain in service till end of year…arrow_forwardwhats the answer for number 2arrow_forwardContent * CengageNOWv2 | Assignment|F x b problem 9-3b - Search Pr 9-38 - Problem 9-38 Name: S x -+ A https://mdc.blackboard.com/ultra/courses/_218155_1/cl/outline A ... ACG2021-2223-1025 Discussion Board Forum: Discussion 3 Create Thread Create Thread When your instructor creates a forum, they have the option of allowing you to start threads. More Help * Indicates a required field. FORUM DESCRIPTION On November 1 of the current year, a business paid the annual rent on the building it occupies. A debit entry for the amount of $8,400 was posted to Rent Expense. (A) Under the accrual basis of accounting, explain how the transaction on November 1 should be recorded. (B) Assuming that the accrual basis of accounting is used, explain why an adjusting entry is needed at the end of the accounting period on December 31. At least 150 words must be used, and the number of words used should not exceed 180. MESSAGE * Subject Message For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). AV 2、…arrow_forward
- provude formula pleasearrow_forward← = POTUTORIAL QUESTION 4.pdf C 2 of 3 Q 5 X PDF Topic 4 Employee Benefits.pdf x | + Ⓒ File | C:/Users/acer/Documents/UNIVERSITI%20MALAYSIA%20SABAH/SEMESTER%204%20COURSE/BP22603%20FAR%20111/CHAP... Q [E + Q ** | CD Page view | A Read aloud | Add textDraw Highlight Erase 5 Required: Calculate the amount recognised as expenses and amount disclosed as equity. QUESTION 4 At 1.1.2017, KAZA Bhd grants 80,000 share appreciation rights to employee, with service condition that the employee will still be employed in KAZA for three years. grant date, KAZA's share price is RM3.00. The rights grants have a life of five years. At 31.12.2019, employee will be received cash by KAZA based on the value of the rights on that date. At the end of years 2020 and 2021, KAZA will pay the further cash to the employee if the rights have appreciated in value. Fair value of the share appreciation rights for the five-years are as follows: Year Share price RM Dividend yield % Value of rights RM 0 3.00 1 0.81 2017…arrow_forwardI have already answered A-I (on the pictures I posted below. I just need help finding the answers to J-L.arrow_forward
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