HRM 732
Intro to Financial and Management Accounting
Individual Assignment 1
Prepared by: Janice Ho
HRM732
Individual Assignment #1 (40 Marks) 15% of the overall grade for the course
Ron Abrams has come into your office for his weekly 1 on 1 in which you update him on your weekly progress on your projects. He has arrived with a stack of paperwork in his hands and a befuddled look on his face. You ask what’s going on and he responds as follows. “Last year, as you know, we purchased a bankrupt, closed down bottling facility in The Ukraine. I don’t know if you know this but in countries other than Canada they are using somewhat different accounting policies than we do, and the reports I have for the first few months of
…show more content…
$175,000 in Equipment was purchased on credit ($100 was due on delivery and was paid in cash).
Their land was appraised and found to be worth $560,000. (No entry due to no accounting transaction occurred)
Bruce Wayne purchased $65,000 in shares for Equipment.
$300,000 in shares was retired for bonds payable on December 15, 2025.
Bottle Processing Patent Fees were paid completely out on Credit.
$175,000 in Old Bottles was returned to the former supplier for their cash value.
A bank loan for $65,000 was taken out. The amount was kept in cash over the end of the month.
Required:
Create a Balance Sheet for November 30th assuming no other transactions occurred for the month other than those noted above.
1- Conversion to Canadian Balance Sheet and T-Accounts (17 marks)
2- Final Balance Sheet (23 Marks)
Ukrainian Bottling Company Inc. Balance SheetAs of 31 October, 2014|
Assets|||Liabilities and owner's equity||
Current assets:|||Current liabilities:||
Cash| $ 2,200 ||Accounts payable| $ 85,000 |
Bottle Inventory| 195,000 ||Notes payable| 60,000 |
Accounts receivable| 67,000 ||Wages payable| 55,000 | Total current assets| 264,200 ||Taxes payable| 58,000 |
|||Bottle Processing Patent Fee's Payable| 25,000 |
Fixed assets:||| Total current liabilities| 283,000 |
Land| 490,000 ||||
Building| 320,000 ||Long-term liabilities:||
Equipment| 175,000 ||Bonds
From my research of the Lodge Bistro I have found the following problems within the company.
A/ Hampton Machine Tool Company was unable to repay its loan on time due to several factors. One of such factors is the fact that the stock repurchase, for which the loan was initially requested, was a major cash disbursement of $3 million. In the period between November 1978 and August 1979, stock repurchase represented 58% of total expenditures for that period, while inventory purchases represented 42% of total expenditures.
In 1900, the death rate per 100,000 population for influenza and pneumonia (I & P) was 202.2; it was 22.4 in 2003. How much did the death rate due to I & P decline
Economists also look at the microeconomic market within the United States and how the market affects the overall funding of health care. Economists also use macroeconomics to how the changes in the economy as a whole affect the price and funding of health care and how the trends of the economy
Review of ABC Company and the directions it is targeting. The strategy of the company is to lift the expected sales in an aggressive fashion, with the expected end target being to triple the current levels. The plan is to push sales into the targeted range of $3 million within 3 years versus the current amount which sits at $1.2 million. We will identify the perceived risk factors that may impact this aggressive strategy and its successful execution. The following will be those risk factors:
1.2 Explain circumstances when it is necessary to seek specialist expertise in relation to recruitment and selection.
If you have concerns about the care and safety of service users and feel like you can’t go to your manager then you have the option to contact some big and confidential organisations such as Care Quality Commission (CQC) or Health and Safety Executive (HSE) or environmental health who can also offer support and information and give you any answers you may need to any concerns.
On December 11, MD received an order for a total price of $22,100. Barbor Furniture Ltd. (Barbor) provided a deposit of $9,000 which was recorded as revenue when it was received on December 13. Barbor was not billed until January 2. The order was not shipped until after the year end on January 2. The remaining balance owing was recorded in accounts receivable and
Brain Bigelow, John La Gaipa and William Corsaro have both made important contributions into understanding how children interpret “friendship”. Bigelow and La Gaipa carried out one of the first studies from what was a very under researched area. Bill Corsaro, a key figure in childhood studies, was particularly successful in gaining access into young children's worlds which has helped shape a further picture of this somewhat intriguing definition. Brace and Byford (2012)
The Skin has numerous functions as it serves as a protective barrier, regulates body temperatures, controls water retention, and secretes sweat and so on. The anatomy of skin can be broken down into three different layers which include; the epidermis, dermis, and the subcutaneous tissue also known as the hypodermis. The purpose of this paper is to explain the relationship between the layers of skin and friction skin
a. How much would the payment be if rate of interest is 5% and you only financed the truck for 48 months?
1. (TCOs 1, 8). What does KSAO stand for with respect to training? Give one example for each letter in your explanation for the job of Professor of Human Resource Management. (Points : 35)
You may omit explanations of the transactions. Skip a line between eah set of journal entries.
When performing a BIA, you are trying to assess and align the affected IT systems, applications, and resources to their required recovery time objectives (RTOs). The