Question 1
""""Imagine you work for the first of these companies (Fantastic Holdings Limite(http://www.aspecthuntley.com.au.ezproxy.scu.edu.au/af/company/mainview?ASXCode=FAN). The second is one of your company?s competitors(Nick Scali Limited). Task 1: Working Capital Management (10 marks) Your boss has asked you to assess the company?s working capital management relative to that of its competitor and provide recommendations for improvement. In providing recommendations for improvement, you should outline possible actions and note any potential benefits and costs.,In making your assessment and recommendations consider potential differences between your company and its competitor that could explain convergent results. Where relevant, these should be noted. (For example, although the companies may compete in some markets, they may also have different areas of business.),So recommendations ?,so the recommendations is? and where is the possible actions and potential benefits and costs?,Thank you, and i want to know that 'In making your assessment and recommendations consider potential differences between your company and its competitor that could explain convergent results. Where relevant, these should be noted. (For example, although the companies may compete in some markets, they may also have different areas of business.)',,so discuss any general recommendations for both companies discuss specific recommendations for each company Fantastic Holdings Limite: what actions are necessary? what benefits could happen as a result? what are the costs? Nick Scali Limited: what actions are necessary? what benefits could happen as a result? what are the costs?,the funding gap should use 'Days Inventory,Days Receivables and Days Payables' to calculate on the attachment,this is only one question to make recommendation, but the recommendation should have some aspect. I write it clearly, your answer is not very clear and enough. you can read the question again, this is only one question,thank you, and it said that 'discuss any general recommendations for both companies discuss specific recommendations for each company', so what is any general recommendations for both companies
Question 2
"" On July 1, 20X0, the beginning of its fiscal year, the trial balance of the General Fund of the City of St. Bea was as follows: Cash 20,000 Tax Receivable--Delinquent 120,000 Allowances for Uncollectible Delinquent Taxes 12,000 Interest and Penalties Receivable on Taxes 8,000 Allowance for Uncollectible Interest and Penalties 800 Due from Other Funds 28,000 Vouchers Payable 87,200 Fund Balance Reserved for Encumbrances 16,000 Fund Balance--Unreserved, Undesignated 60,000 176,000 176,000 Required: Prepare journal entries that would be made in the General Fund for the following events. Omit explanations. a. The budget shows estimated General Fund revenues of $450,000 and estimated expenditures (including amount encumbered in the prior year) of $392,000. b. Late in June 20X0, an order was placed and an encumbrance recorded for $16,000. Later in July, the item was received at an invoice cost of $16,400. A voucher is prepared. c. Property taxes amounting to $300,000 were levied, with 4% estimated to be uncollectible. d. Cash collections during the year were as follows: Current taxes $270,000 Delinquent taxes (in full settlement) 104,000 Interest and penalties on last year's taxes (in full settlement) 7,600 Due from other funds 28,000 $409,600 The controller wishes variations in estimates to be recorded in the appropriate revenue or expenditure account. e. Purchase orders totaling $276,000 were placed. Later, invoices for $260,000 were received and vouchered; supplies inventory purchases were $16,000 of the total. f. Payrolls of $50,000 were paid. (Ignore payroll taxes and other deductions.) In addition, vouchers totaling $280,000 were paid. (Supplies Inventory purchases were $16,000 of the total.) g. An automobile was purchased for the fire department. It cost $16,000 and was not previously encumbered. The invoice is vouchered. h. At year end, $6,000 in supplies were on hand. There were no supplies on hand a year ago. The city wishes to show the inventory and to establish a proper reserve.
Question 3
'To be solved by AjKaushal' Please help Part B During 2013, the Nicklaus Corporation participated in three treasury stock transactions: a. On June 30, 2013, the corporation reacquires 200,000 shares for the treasury at a price of $12 per share. b. On July 31, 2013, 50,000 treasury shares are reissued at $15 per share. c. On September 30, 2013, 50,000 treasury shares are reissued at $10 per share. 2.Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2013. (Assume net income for the second and third quarter was $3,000,000.) (Enter your answers in whole dollars.) Part C:On October 1, 2013, Nicklaus Corporation receives permission to replace its $1 par value common stock (5,000,000 shares authorized, 3,000,000 shares issued, and 2,900,000 shares outstanding) with a new common stock issue having a $.50 par value. Since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. That is, the shareholders will receive two shares of the $.50 par stock in exchange for each share of the $1 par stock they own. The $1 par stock will be collected and destroyed by the issuing corporation. On November 1, 2013, the Nicklaus Corporation declares a $0.05 per share cash dividend on common stock and a $0.25 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2013, to shareholders of record on November 15, 2013. On December 2, 2013, the Nicklaus Corporation declares a 1% stock dividend payable on December 28, 2013, to shareholders of record on December 14. At the date of declaration, the common stock was selling in the open market at $10 per share. The dividend will result in 58,000 (0.01 ? 5,800,000) additional shares being issued to shareholders. Required: 1.Prepare journal entries to record the declaration and payment of these stock and cash dividends. Note: Dividends are not paid on shares held in the treasury. Cash dividends are paid only on the 5,800,000 common shares outstanding. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) 2. Prepare the December 31, 2013, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,500,000.) (Enter your answers in whole dollars.) 3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2013. (Enter your answers in thousands.)
Question 4
111.Which of the following items will be an addition to AMTI in arriving at ACE? 1. None of the above. 2. Excess charitable contributions. 3. Federal income tax. 4. Excess capital loss. 5. Tax-exempt income Save Answer 2. (Points: 1.25) Tanver Corporation, a calendar year corporation, has alternative minimum taxable income of $7 million in 2010 (before adjustment for adjusted current earnings). If Tanver?s adjusted current earnings is $16 million, its tentative minimum tax for 2010 is: 1. $7,000,000. 2. $2,750,000. 3. Some other amount. 4. $6,750,000. 5. $310,000. Save Answer 3. (Points: 1.25) Which entity is subject to the ACE provisions? 1. None of the above. 2. S corporation. 3. Regulated investment companies. 4. Real estate investment trust (REITs). 5. Real estate mortgage investment conduits. Save Answer 4. (Points: 1.25) Which statement is false? 1. The starting point for computing AMTI is taxable income. 2. None of the above. 3. The starting point for computing ACE is taxable income. 4. A tax preference is added to taxable income. 5. The ACE adjustment can be a negative amount. Save Answer 5. (Points: 1.25) Lemon, Inc., has taxable income of $13 million in 2010. What is the maximum DPAD tax savings for this C corporation? 1. $132,600. 2. $273,000. 3. $265,200. 4. None of the above. 5. $409,500. Save Answer 6. (Points: 1.25) Which statement is false? 1. None of the above is false. 2. Members of an EAG are treated as a single taxpayer for purposes of the DPAD. 3. For an EAG, the DPAD is allocated among the members in proportion to each member?s respective amount of QPAI. 4. The DPAD of a consolidated group must be allocated to the group?s members in proportion to each member?s QPAI. 5. The stock ownership requirement for the EAG rules is 50%. Save Answer 7. (Points: 1.25) O?Neal, Inc., an S corporation, has taxable income of $14 million in 2010. Assume there are two shareholders, each in the top individual tax bracket. What is the maximum DPAD tax savings for this S corporation? 1. None. 2. $1,260,000. 3. None of the above. 4. $441,000. 5. $294,000. Save Answer 8. (Points: 1.25) Which statement, if any, is false? 1. An S corporation is subject to the corporate AMT. 2. The AMT is a separate tax system from the ? 11 tax system. 3. Many of the adjustments that apply to individuals also apply to corporations. 4. A high level of investment in assets (e.g., equipment or structures) is a reason a company may be subject to the AMT. 5. None of the above. Save Answer 9. (Points: 1.25) Gem Corporation, a calendar year taxpayer, has AMTI (before adjustment for adjusted current earnings) of $6 million for 2010. If Gem Corporation?s ACE is $15 million, its tentative minimum tax for 2010 is: 1. $4.2 million. 2. $2.55 million. 3. $2.02 million. 4. None of the above. 5. $3.45 million. Save Answer 10. (Points: 1.25) Which of the following is always personal holding company income? 1. Gas royalties. 2. Rent income. 3. All of the above. 4. Interest. 5. Personal service contract income. Save Answer 11. (Points: 1.25) The penalty tax in 2010 for AET and PHC situations is the highest rate applicable to individual taxpayers. 1. False 2. True Save Answer 12. (Points: 1.25) A business with taxable income less than $1 million cannot be subject to the AMT. 1. False 2. True Save Answer 13. (Points: 1.25) As taxable income is reduced by an NOL carryback, there is a corresponding increase in the DPAD. 1. True 2. False Save Answer 14. (Points: 1.25) DPGR cannot include the cost of an embedded service that is part of in the sale of a manufactured product. 1. False 2. True Save Answer 15. (Points: 1.25) The regular foreign tax credit is available to reduce AMT liability. 1. True 2. False Save Answer 16. (Points: 1.25) In the case of an individual, modified AGI is substituted for taxable income in the DPAD formula. 1. True 2. False Save Answer 17. (Points: 1.25) The AMT rate for corporations is lower than the rates for individuals. 1. False 2. True Save Answer 18. (Points: 1.25) Reasonable needs for purposes of the accumulated earnings tax include loans to shareholders. 1. False 2. True Save Answer 19. (Points: 1.25) In connection with the construction of a housing project, a contractor pays an architect to design the homes being built. The architect?s fee is an embedded service that does not qualify as DPGR. 1. True 2. False Save Answer 20. (Points: 1.25) DPAD for 2010 is 9% of the greater of QPAI or TI, but not to exceed the W-2 wages limitation. 1. False 2. True Save Answer
Question 5
Please note that this is a 4 page paper with references, please let me know before 7/22/10 if I will be able to get this done, below is the ruhbic for the paper, thanks. This activity is part of your marketing plan. Prepare a 4-5 page report, addressing the following: Discuss the type of product the company will offer and identify its primary characteristics. Discuss the product branding strategy. Discuss how the product fits within a product line and the depth and breadth of the line. Explain how the product and target market strategies fit with the organizational strategy. Use at 2 references to support the discussion on the product, product characteristics, and target market. The report will be graded using the following rubric. Grading Rubric for Assignment # 2 ? Marketing Products Criteria 0 Unacceptable 20 Developing 30 Competent 40 Exemplary 1. Discuss the type of product the company will offer and identify its primary characteristics. Does not attempt assignment, nor describes the type of product the company will offer and its primary characteristics. The company?s product and its primary characteristics were discussed, but with less than 70 - 79% accuracy and some of the discussion points were inappropriate or were not identified. The company?s product and its primary characteristics were discussed, with 80 - 89% accuracy and appropriate information was discussed. The company?s product and its primary characteristics were discussed with 90 to 100% accuracy and all appropriate information was identified and discussed clearly. 2. Discuss the product branding strategy. Does not attempt assignment, nor discusses the product branding strategy. The product branding strategy was discussed, but with less than 70 - 79% accuracy and some of the discussion points were inappropriate or were not identified. The product branding strategy was discussed, with 80 - 89% accuracy and appropriate information was discussed. The product branding strategy was discussed with 90 to 100% accuracy and all appropriate information was identified and discussed clearly. 3. Discuss how the product fits within a product line and the depth and breadth of the line. Does not attempt assignment, nor discusses how the product fits within a product line and the depth and breadth of the line. The product fit within a product line and it depth and breadth was discussed, but with less than 70 - 79% accuracy and some of the sources identified were inappropriate or were not identified. The product fit within a product line and it depth and breadth was discussed, with 80 - 89% accuracy and appropriate information was discussed. The product fit within a product line and it depth and breadth was discussed with 90 to 100% accuracy and all appropriate information was identified and discussed clearly. 4. Explain how the product and target market fit with the organizational strategy. Does not attempt assignment, nor discusses how the product and target market fit with the organizational strategy. The fit for the product and target market within the organizational strategy was discussed, but with less than 70 - 79% accuracy and some of the discussion points were inappropriate or were not identified. The fit for the product and target market within the organizational strategy was discussed, with 80 - 89% accuracy and appropriate information was discussed. The fit for the product and target market within the organizational strategy was discussed with 90 to 100% accuracy and all appropriate information was identified and discussed clearly. 5. Clarity Did not complete the assignment or explanations are unclear and not organized. (Major issues) Explanations generally unclear and not well organized. (Many issues) Explanations generally clear and/or organized. (Minor issues) Explanations very clear and well organized. (Added helpful details.) 6. Writing ? Grammar, sentence structure, paragraph structure, spelling, punctuation, APA usage. Did not complete the assignment or had 8 or more different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Major issues) Had 6 - 7 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Many issues) Had 4 - 5 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Minor issues) Had 0 - 3 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage.,Thanks, the only other requirement is that it has to be APA style with references and all citations included, thanks.,This is a follow up assignment from the one that you did for me, it was docx 6297658, however this is a new assignment that needs to be 4 pages or more, APA style along with references. Please let me know if you will be able to, needs this by Thursday 5th August by 5P.M
