Accounting Garry is a partner in an accounting firm in Sydney. Garry is currently looking at his portfolio of new Australian clients which include: 1. ABC Superannuation Fund, a corporate fund that manages superannuation and pension plans for the 20,000 employees of ABC Pty Ltd. 2. XYZ, a statutory fund maintained under the Life Insurance Act 1995. 3. DEF, a small company limited by guarantee, with consolidated revenue of less than $1 million per annum. 4. UVW, a company listed on the Australia Securities Exchange. REQUIRED: For each entity, identify if is required (not required) to be audited under the Corporations Act 2001. Justify your answer.
Q: vondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock…
A: Answer : Normal annual rate of return = Annual Dividend / current price Annual dividend = $3.00*4 =…
Q: Johnston Adhesives Company makes three widely used industrial adhesives: A101, A204, and B216. Sales…
A: A joint cost seems to be spending that helps in the production of more than a single item and where…
Q: Peanut Company acquired 90 percent of Snoopy Company’s outstanding common
A: When one company decides to takeover the another company (subsidiary company), the parent company…
Q: Question A very basic restaurant does not provide employee meals, use transfers, or permit steward…
A: Introduction The overall account balance of inventory products that are available to be used or sale…
Q: What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a…
A: Nominal Rate of Return on a Perpetual Preferred Stock A perpetual preferred stock is a type of…
Q: ABC Company disposed of two different assets. On January 1, prior to their disposal, the accounts…
A: Introduction: A journal entry is a business transaction that is recorded in a company's accounting…
Q: Beta Company started the year with a balance of zero in supplies. It bought supplies of $1,840…
A: Net income is the amount earned by an entity during a period. It is shown in the income statement.…
Q: Empty Fields Company pays its salaried employees monthly on the last day of each month. The annual…
A: Social Security Tax Benefits are provided by the Social Security programme to retirees and others…
Q: The CPA's role in performing audits is important to our society because: an audit of financial…
A: CPA stands for Certified Public Accountant and refers to a person who is analyzing financial…
Q: What is the taxpayer's gross income in each of the following situations? Do not type a dollar sign.…
A: Gross income is referred to as the total income that is earned by an individual before making any…
Q: Pls explain first how you solve it. Thank you. F COMPANY, organized on March 1, 2021, has a very…
A: .
Q: ANSWER EVERYTHING AND PLEASE DO THIS TYPEWRITTEN FOR UPVOTE
A:
Q: Tree Seedlings has the following current-year purchases and sales for its only product. Date…
A: Last-In, First-Out (LIFO): Accounting for inventory using the "last in, first out" (LIFO) technique…
Q: Pratice Problem 3 A company's individual job sheets show these costs for Jobs 298, 299, and 300.…
A: recording of journal entry in above situation are as follows
Q: QUESTION 3 On 1 January 2022, Rodney Inc. provided services to Smith Co. in exchange for Smith’s…
A: .
Q: The following accounts appear in the led $1,500 1,800 2,000 3,200 1,200 Accounts Payable Accounts…
A: The balance sheet is one of the financial statements of the business. The balance sheet represents…
Q: Use the 2016 marginal tax rates to compute the tax owed by a head of household with a taxable income…
A:
Q: Required information Use the following information for the Exercises below. (Algo) [The following…
A: Actual cost refers to the amount that an industry incurs when it produces a product. This cost…
Q: Lionel's AGI before deducting interest on higher-education loans is $50,000.
A: There are various types of loan provided by the banking industry for the facilities of the citizens…
Q: Bramble Corporation manufactures titanium and aluminum tennis racquets. Bramble's total overhead…
A: Activity-based costing refers to the method of costing that is used for identifying the activities…
Q: Which of the following best explains inventory shrinkage under the perpetual inventory system? Oa.…
A: Inventory shrinkage is the loss of stock of any product as a result of unforeseen or unanticipated…
Q: Company P purchased an 80% interest in Company S on January 1, 2016, for $800,000. On the purchase…
A: The amortization deduction is taken over the useful life of the asset, which is generally the period…
Q: Presented below is information related to Anderson Company for 2022. Sales revenue Cost of goods…
A: .
Q: Number of units produced and sold Sales Selling Price per unit Variable Selling Expense per unit…
A: Cost of Goods sold :— It is the total cost of units sold during the period. Cost of Goods Sold =…
Q: Additional information: 2018 current ratio: 1.4:1 debt to total assets: 61.1% Question: find…
A: Lets understand the basics. Current ratio shows company's ability to pay its short term obligation…
Q: Wildhorse Company has the following information available for September 2022. Unit selling price of…
A: Cost volume profit analysis is a planning procedure used by management to forecast how changes in an…
Q: During the months of January, Ava Corporation purchased goods from two suppliers. The sequence of…
A: Net Purchase :— It is gross purchase less purchase return less purchase discount less purchase…
Q: The last part of my original question was cut off. I needed the cost per unit and total gross margin…
A: Workings:
Q: when putting together an income statement do the revenues and expenses have to put in order from…
A: No, it is not necessary that the amount of revenues and expenses have to be in order from highest to…
Q: The Hubbard Corporation is a distributor of hair care products and is ready to start the third…
A: The question is asked about the cash budget, cash receipts, and loan repayment capability. Cash…
Q: granted
A:
Q: Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces…
A: The activity-based costing is the way of allocating overheads to the cost of the product. Under…
Q: Charlston Inc. has accounts receivable of $110,000 in an allowance for doubtful accounts of $17,000.…
A: Accounts receivables is the amount of receivables that an entity has to collect from its customers…
Q: Roland Company's trial balance reflected the following account balances at December 31, 2021:…
A: Current assets are those asset which generally can be converted to cash in a year's time.
Q: Which financial statement reports an organization's financial position at a single point in time?…
A: The company prepares financial reports to show the results of business activities. The final report…
Q: Cathy, the manager of Cathy's Catering, Inc., uses activity-based costing to compute the costs of…
A: Cost is the amount incurred on a good or service in order to provide that to the customer and earn…
Q: A company reports the following information for its direct labor. Actual hours of direct labor used.…
A:
Q: Analyzing and Computing Average Issue Price and Treasury Stock Cost Following is the stockholders'…
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…
Q: For the current year ended March 31, Cosgrove Company expects fixed costs of $27,600,000, a unit…
A: Break even sales: Break even sales is the point where contribution margin is equal to the fixed…
Q: How long will it take for Php15,000 to accumulate to Php25,000 at 12% compounded quarterly? 4.
A: COMPUND INTEREST Compound interest is the interest calculated on the principal and the interest…
Q: In its first month of operations, Sunland Company made three purchases of merchandise in the…
A: Whenever a physical count of inventories is performed, a periodic inventory system just adjusts the…
Q: Here are data on $1,000 par value bonds issued by Microsoft GE Capital, and Morgan Stanley Assume…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: 7. Information below relates to Salih and Yaakob for a week. Salih Description Hours worked 30 hours…
A: The company pay wages to employee however it has the choice of which method to use to determine the…
Q: I cannot believe it is almost year end! Only a few days before it's 2022. As you recall, I was lucky…
A: The fact that the shares are now trading at a price that is eight times higher than the price you…
Q: 47. George bought the following amounts of Stock A over the years: Stock A Stock A Stock A Date…
A: First In, First Out, commonly known as FIFO, is an asset-management and valuation method in which…
Q: Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is not…
A:
Q: Which of the following best describes the following entry Recognizing revenue relating to work that…
A: The transaction of a business are recorded in the form of entries in the books of accounts. Each…
Q: Blossom Company reports the following operating results for the month of August: sales $384,000…
A: C-V-P Analysis is an extension of marginal costing. When the volume of production changes, cost…
Q: Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is…
A: The given question is asked about the FICA taxes. We need to compute the FICA taxes for a…
Q: Marvin's Kitchen Supply delivers restaurant supplies throughout the city. The firm adds 10 percent…
A: Activity-based costing refers to the method in which the overheads are assigned to each product or…
Step by step
Solved in 2 steps
- As an analyst for a domestic equity–income mutual fund, Robert Ass is evaluating Mosah Water Company (MWC), a publicly traded water utility, for possible inclusion in the approved list of investments. Robert Ass is conducting the analysis in mid-2013. Not all countries have traded water utility stocks. In developed economies such as the United States, about 85 percent of the population gets its water from government entities. A group of investor-owned water utilities, however, also supplies water to the public. With a market capitalization of about GH¢327 million as of mid-2013, MWC is among the ten largest publicly traded water utilities. MWC’s historical base is the Middlesex System, serving residential, industrial, and commercial customers in a well-developed area of central business district. Through various subsidiaries, MWC also provides water and wastewater collection and treatment services to areas of southern sectors. Hampered by a decline in earnings during the recent…As an analyst for a domestic equity–income mutual fund, Robert Ass is evaluating Mosah Water Company (MWC), a publicly traded water utility, for possible inclusion in the approved list of investments. Robert Ass is conducting the analysis in mid-2013. Not all countries have traded water utility stocks. In developed economies such as the United States, about 85 percent of the population gets its water from government entities. A group of investor-owned water utilities, however, also supplies water to the public. With a market capitalization of about GH¢327 million as of mid-2013, MWC is among the ten largest publicly traded water utilities. MWC’s historical base is the Middlesex System, serving residential, industrial, and commercial customers in a well-developed area of central business district. Through various subsidiaries, MWC also provides water and wastewater collection and treatment services to areas of southern sectors. Hampered by a decline in earnings during the recent…Top-Notch Conservative Ltd is a pension fund managing the portfolios of people saving for the later years of their lives. As such, it prides itself on delivering low but reliable returns on investment, which consist of 70% of government bonds, 10% equity, and 20% real estate.Ernest Blue, its newly appointed CEO, is trying to maintain the fund’s good reputation. The high volatility of the real estate portion of the fund, however, worries him. Help Ernest design a hedging strategy, employing options while not buying or selling any assets. Also, examine the fund’s portfolio strategy and assess real estate investments, valuations, and the risks to which it might be exposed.
- Last year David McCullough of La Junta, CO, bought the XYZ mutual fund, which has total assets of $240 million, liabilities of $10 million, and 15 million shares outstanding. a) What is the net asset value?Zeven Properties Limited (‘ZPL’) is a housebuilding contractor based in England specialising in building affordable private housing. ZPL’s shares are floated on the London Stock Exchange and are currently priced at £5 per share. The Board of Directors is planning an expansion, which will involve raising £10 million but has not decided on what form of finance should be raised. The Board is considering either a bank loan from the company’s existing bank (the Bank of Alba) or an equity investment from new shareholders. On a completely different topic, at a recent Board meeting one of the non-executive directors suggested that ZPL’s remuneration committee should consider scrapping the company’s current share option scheme, since executive directors could be rewarded by the scheme even when they did not perform well. A second non-executive director disagreed, saying the problem was that even when directors acted in ways which decreased the agency problem, they might not be rewarded by the…A pension fund manager decides to invest a total of at most $30 million in US treausry bonds paying 6% annual intrest and in mutual funds paying 9% annual interest. He plants to invest at least $5 million in bonds and at least $15 million in mutual funds. Bobds have a initial fee of $100 per million dollars while the fee for mutual funds is $200 per million. the fund manager is allowed to spend no more than $5000 on fees. 1.How much should be invested in eacg ot maximise interest A-Amount to be invested in treasury bonds B-Amount that should be invested in mutual funds C-What is the maximum annual interrst
- Cheeko Limited is a company in Pakistan that focuses on producing pet products, it currently has 10 million shares outstanding. The company is in its nascent stage and all earnings are currently being reinvested. In other words, the company does not pay any dividends to its shareholders and does not plan to do so in the near future. A major mututal fund is considering purchasing cheeko ltd's stock for investment. The fund manager has estimated that the company's free cash flow for the next four years is likely to be as follows: PKR 10 million, 3 million, 15 million and 6 million. After the fourth year free cash flow is projected to grow at a constant 7%. The company's WACC is 12%, its debt and preferred stock total 60 million. a) What is the present value of the free cash flows projected during the next four years? (show workings) b) What is the firm's terminal value? (show workings) c) What is the firm's total value today? (show workings) d) What is an estimate of price per share?…Cheeko Limited is a company in Pakistan that focuses on producing pet products, it currently has 10 million shares outstanding. The company is in its nascent stage and all earnings are currently being reinvested. In other words, the company does not pay any dividends to its shareholders and does not plan to do so in the near future. A major mututal fund is considering purchasing cheeko ltd's stock for investment. The fund manager has estimated that the company's free cash flow for the next four years is likely to be as follows: PKR 10 million, 3 million, 15 million and 6 million. After the fourth year free cash flow is projected to grow at a constant 7%. The company's WACC is 12%, its debt and preferred stock total 60 million and solve all the subparts of this question. a) What is an estimate of price per share? (show workings) b) If the actual share price is 100 per share, formulate a trading strategy for the stock.Cheeko Limited is a company in Pakistan that focuses on producing pet products, it currently has 10 million shares outstanding. The company is in its nascent stage and all earnings are currently being reinvested. In other words, the company does not pay any dividends to its shareholders and does not plan to do so in the near future. A major mututal fund is considering purchasing cheeko ltd's stock for investment. The fund manager has estimated that the company's free cash flow for the next four years is likely to be as follows: PKR 10 million, 3 million, 15 million and 6 million. After the fourth year free cash flow is projected to grow at a constant 7%. The company's WACC is 12%, its debt and preferred stock total 60 million and solve all the parts of this question. a) What is the present value of the free cash flows projected during the next four years? (show workings) b) What is the firm's terminal value? (show workings) c) What is the firm's total value today? (show workings)
- Cheeko Limited is a company in Pakistan that focuses on producing pet products, it currently has 10 million shares outstanding. The company is in its nascent stage and all earnings are currently being reinvested. In other words, the company does not pay any dividends to its shareholders and does not plan to do so in the near future. A major mututal fund is considering purchasing cheeko ltd's stock for investment. The fund manager has estimated that the company's free cash flow for the next four years is likely to be as follows: PKR 10 million, 3 million, 15 million and 6 million. After the fourth year free cash flow is projected to grow at a constant 7%. The company's WACC is 12%, its debt and preferred stock total 60 million. a) What is an estimate of price per share? (show workings) b) If the actual share price is 100 per share, formulate a trading strategy for the stock.You are the financial manager of a competitive investment company in South Africa. You have been presented with two possible investments: Pink Limited and Purple Limited as shown below. You have been supplied with the following information regarding the two companies. Pink Limited Purple Limited Earnings before interest and tax R3 000 000 R4 000 000 Long term interest bearing debt R500 000 R800 000 Earnings attributable to shareholders R2 124 000 R2 822 400 Tax rate 28% 28% Share Capital R2 000 000 R5 000 000 Number of ordinary shares issued 200 000 400 000 Number of ordinary shares authorised 1 000 000 500 000 Current market price of the share R30 R20.00 Dividend per share R5 R3 As a financial manager you are very concerned about the dividend yield and dividend payout ratio as these…You are the financial manager of a competitive investment company in South Africa. You have been presented with two possible investments: Pink Limited and Purple Limited as shown below. You have been supplied with the following information regarding the two companies. Pink Limited Purple Limited Earnings before interest and tax R3 000 000 R4 000 000 Long term interest bearing debt R500 000 R800 000 Earnings attributable to shareholders R2 124 000 R2 822 400 Tax rate 28% 28% Share Capital R2 000 000 R5 000 000 Number of ordinary shares issued 200 000 400 000 Number of ordinary shares authorised 1 000 000 500 000 Current market price of the share R30 R20.00 Dividend per share R5 R3 As a financial manager you are very concerned about the dividend yield and dividend payout ratio as these…