salvage value at the end of its useful life.

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Subject: Business    / Accounting

Question:1. Credit sales of assets other than merchandise are recorded in the

Question 1 options:

a. cash payments journal.

b. cash receipts journal.

c. general journal.

d. sales journal.

2. In preparing its bank reconciliation for the month of April 2014, Dimensions, Inc. has available the following information.

Balance per bank statement, 4/30/14 $40,920

NSF check returned with 4/30/14 bank statement 1,350

Deposits in transit, 4/30/14 10,500

Outstanding checks, 4/30/14 15,600

Bank service charges for April 60

What should be the adjusted cash balance at April 30, 2014?

Question 2 options:

a. $34,410.

b. $34,470.

c. $35,760.

d. $35,820.

3. An adjusting entry is not required for

Question 3 options:

a. outstanding checks.

b. collection of a note by the bank.

c. NSF checks.

d. bank service charges.

4. An aging of a company’s accounts receivable indicates that $3,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $800 debit balance, the adjustment to record bad debts for the period will require a

Question 4 options:

a. debit to Bad Debt Expense for $2,200.

b. debit to Bad Debt Expense for $3,000.

c. debit to Bad Debt Expense for $3,800.

d. credit to Allowance for Doubtful Accounts for $800.

5. A company has net credit sales of $750,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $2,000 prior to adjustment, its balance after adjustment will be a credit of

Question 5 options:

a. $13,000.

b. $15,000.

c. $15,040.

d. $17,000.

6. In 2014, Hero Company had net credit sales of $1,125,000. On January 1, 2014, Allowance for Doubtful Accounts had a credit balance of $27,000. During 2014, $42,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $380,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2014?

Question 6 options:

a. $23,000

b. $38,000

c. $53,000

d. $97,500

7. Bright Company purchased factory equipment for $700,000. It is estimated that the equipment will have a $70,000 salvage value at the end of its estimated 5-year useful life. If the Bright Company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be

Question 7 options:

a. $280,000.

b. $168,000.

c. $252,000.

d. $120,960.

8. On October 1, 2014, South Company places a new asset into service. The cost of the asset is $120,000 with an estimated 5-year life and $30,000 salvage value at the end of its useful life. What is the depreciation expense for 2014 if South Company uses the straight-line method of depreciation?

Question 8 options:

a. $4,500

b. $24,000

c. $6,000

d. $12,000

Kerwin Company sold equipment on January 1, 2016 for $20,000. The equipment had cost $96,000. The balance in Accumulated Depreciation at January 1 is $80,000. What entry would Kerwin make to record the sale of the equipment?

Question 9 options

The following information is available for Drew Enterprises for the year ended December 31, 2015:

Accounts payable $ 7,600

Accumulated depreciation-equipment 8,000

Owner’s capital 18,600

Intangible assets 4,600

Notes payable (due in 5 years) 10,000

Accounts receivable 3,000

Cash 5,600

Short-term investments 2,000

Equipment 17,600

Long-term investments 11,400

 

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Does anyone have insider trading liability?

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International Securities Regulation Critics claim the United States is losing its place as the world’s leading financial center, citing such evidence as the percentage of large IPOs being listed outside of the United States. Aggressive regulation in America is often blamed for driving those IPOs abroad. American securities regulation is the world’s strongest, but whether that will continue to be true and whether it is responsible for the growth in foreign securities markets is not clear. Other factors undoubtedly contribute to the shift, such as the natural maturation of international markets, the speed of overall economic growth elsewhere in the world, and the concomitant rise in wealth, especially in Europe and Asia.79 “Because companies want to list in the fastest-rising markets, many are staying in their home countries, which have often outperformed the United States in recent years.”80 Further, stringent regulation in the United States is not necessarily a net disincentive for securities registration here. Foreign securities with dual listings in the United States and elsewhere appear to enjoy an advantage in the price they command.81 Finally, as the securities markets in other countries mature, national regulation seems to be increasing in ways that model U.S. policies. Nothing equivalent to the SEC exists in Europe. In the wake of the recent financial crisis, however, the European Union may be moving closer to such a body. In 2010, the EU finance ministers endorsed the creation of a supervisory structure for European securities markets, the European Securities and Markets Authority (ESMA). It began its work on January 1, 2011. One role it may eventually be called to play is the regulation of audit firms.82 [For more on ESMA, see www.esma.europa.eu; for more on international securities regulation generally, see www.iosco.org/about] Questions—Part Three 1. What is an IPO? What is meant by going public? By going private? 2. a. What information is contained in a registration statement under the 1933 Act? b. What role in the registration process is played by the prospectus? c. What are audited financial statements? Describe the three primary financial statements. 3. Explain the general purposes of the Securities Act of 1933 and the Securities Exchange Act of 1934. 4. Assume a midlevel manager learns that his corporation is about to go bankrupt because of about-to-be-disclosed improprieties. He calls his lawyer to ask about his personal exposure. After advising him, the lawyer immediately sells all of her holdings in that stock. Later that day the news breaks and the stock price tumbles 60 percent. a. Does anyone have insider trading liability? b. If so, in what amount? 5. If a corporate officer knowingly omits material adverse information from a corporate communication, by whom might he or she be sued?

 

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Develop your optimal portfolio with different target risk and return

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All of you have to set up your portfolio and make sure it will not exceed QR30000.
2.Discuss your strategies of asset allocation carefully, your analysis should consider the following points
a.What would be your preferred portfolio mix? Why? Explain briefly./ just explain how we chose this portfolio?
b.Calculate the correlation and co-variance matrix for the selected securities / you already done
c.Use Markowitz model to calculate the return and risk for alternative weights of the portfolio / as explained in class using EXCEL
d.Develop your optimal portfolio with different target risk and return
e.You can create the efficient frontier and select your choice and weights
f. When you find the weights allocate these 30000 on the securities sent to you, based on the weights you found.
g.What is your plan next? Clearly state what is your re-balancing strategy

– All the figures and tables should be numbered and sourced.

 

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Discuss the current situation in the CapSim simulation and the recent changes to the industry and competitive environment.

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Capstone Discussion 1
600 words 5 references that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Review the Industry Conditions Report and CapStone Courier found in the Reports section of the left hand menu in the CapSim simulation. Also, review the CapStone Team Member Guide. Based on your initial review of the CAPSIM Capstone Business Simulation, what have you have identified as the key business issues that will impact your company? Prepare to discuss this issue with the other members of your team.
Your discussion should include the following:

Discuss the current situation in the CapSim simulation and the recent changes to the industry and competitive environment.
What competitive challenge is faced by your company? What are the opportunities and threats (Pettus, Ch. 4)?
Applying the business level strategies discussed in Pettus, Chapter 4, and market segment strategies discussed on page 24 of the Team Member Guide, explore possible strategic directions for your company and various sensor products. Reading and responding to the posts of your teammates is highly recommended.

 

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