IFSE EXAM 9
.pdf
keyboard_arrow_up
School
George Brown College Canada *
*We aren’t endorsed by this school
Course
4502
Subject
Finance
Date
Apr 26, 2024
Type
Pages
7
Uploaded by KidRiverApe4 on coursehero.com
4/22/24, 3:35 AM
IFSE Institute Canadian Investment Funds Course - CIFC Exam Questions [2024]
https://www.pass4test.com/CIFC-exam-questions.html
1/7
(/)
(https://mylivechat.com/chatnoscript.aspx?HCCID=66608068)
Cart (/cart.php)
My Orders (/member.php?ac=myorder)
Limited Time Discount Offer! 15% Off - Ends in 00:13:55 - Use Discount Coupon Code P4TCOM2024
IFSE Institute Canadian Investment Funds Course - CIFC Exam
Questions
QUESTION NO: 61
Ellen and her only son Jeff live on the family farm with her father George. Jeff is five years old and Ellen has decided that it is time to start saving
for Jeff's post-secondary education. She has called you to ask about registered education savings plans (RESPs).
Which of the following statements is TRUE?
Home (/)
Products (/allproducts.php)
Certifications (/certifications.php)
Free Demo (/samples.php)
Guarantee (/page_guarantee.html)
How to pay? (/page_howtopay.html)
F.A.Q (/page_faqs.html)
A. If Jeff qualifies for additional CESG. his CESG lifetime maximum increases to $10,000.
B. If Jeff decides not to pursue a post-secondary education, he can keep all the CESG but it then becomes taxable.
C. George may open an RESP for Jeff but it will not quality to receive Canada Savings Education Grants (CESGs).
D. If Ellen receives the National Child Benefit Supplement (NCBS), Jeff may be eligible for the Canada Learning Bond
Chat now
4/22/24, 3:35 AM
IFSE Institute Canadian Investment Funds Course - CIFC Exam Questions [2024]
https://www.pass4test.com/CIFC-exam-questions.html
2/7
Hide answers/explanation
Correct Answer: D
Explanation
If Ellen receives the National Child Benefit Supplement (NCBS), Jeff may be eligible for the Canada Learning Bond (CLB). The CLB is a grant of up to
$2,000 that the Government of Canada deposits into a child's RESP to help low-income families start saving for their child's education2. The CLB does not
require any contributions from the parents. To be eligible for the CLB, the child must have been born after December
31, 2003 and the family must receive the NCBS, which is part of the Canada Child Benefit3. The other statements are false. If Jeff qualifies for additional
CESG, his CESG lifetime maximum increases to $7,200, not $10,000. If Jeff decides not to pursue a post-secondary education, he cannot keep the CESG;
it must be returned to the government. George may open an RESP for Jeff and it will qualify to receive CESGs, as long as George is a resident of Canada
and has a valid social insurance number. References: Unit 8:
Retirement, Canada Learning Bond, [Canada Education Savings Grant], [RESP Withdrawals], [RESP Providers]
QUESTION NO: 62
During the calendar year, Firmansyah received a $1,800 eligible dividend from a large Canadian bank and a foreign, dividend from his The
USD/CAD exchange rates is 1.3605.
Firmansyah's federal marginal tax bracket is 29%. The enhanced dividend gross-up rate is 38% and the federal dividend tax credit rate for eligible
dividends is 15%.
What federal tax liability will be due from the investment income?
Hide answers/explanation
Correct Answer: C
Explanation
To calculate Firmansyah's federal tax liability from the investment income, we need to follow these steps:
A. $522.00
B. $348.00
C. $695.76
D. $870.00
Chat now
4/22/24, 3:35 AM
IFSE Institute Canadian Investment Funds Course - CIFC Exam Questions [2024]
https://www.pass4test.com/CIFC-exam-questions.html
3/7
* Step 1: Convert the foreign dividend from USD to CAD using the exchange rate given in the question.
The exchange rate is 1.3605 CAD per USD, which means that 1 USD is equivalent to 1.3605 CAD.
Therefore, Firmansyah's foreign dividend in CAD is:
500*1.3605=680.25
* Step 2: Calculate Firmansyah's grossed-up dividend income from both sources. A grossed-up dividend income is the actual dividend received plus a
percentage of the dividend that reflects the corporate tax paid by the issuer. The percentage varies depending on whether the dividend is eligible or non-
eligible.
According to [this site], an eligible dividend is a dividend paid by a Canadian corporation that meets certain criteria, such as being listed on a designated
stock exchange or being a subsidiary of such a corporation. A non-eligible dividend is a dividend that does not meet these criteria, such as a dividend paid
by a foreign corporation or a small Canadian business corporation. The gross-up rate for eligible dividends in 2020 was 38%, while the gross-up rate for
non-eligible dividends in 2020 was 15%.
Therefore, Firmansyah's grossed-up dividend income from both sources is:
(1800+680.25)*(1+0.38)=3426.35
* Step 3: Apply Firmansyah's federal marginal tax rate to his grossed-up dividend income to get his federal tax before credits. A marginal tax rate is the
percentage of tax applied to an additional dollar of income. According to [this site], Firmansyah's federal marginal tax rate for 2020 was 29%, as his taxable
income was between $150,473 and $214,368. Therefore, Firmansyah's federal tax before credits is:
0.29*3426.35=993.64
* Step 4: Subtract Firmansyah's federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income.
A dividend tax credit is a percentage of the grossed-up dividend income that reflects the corporate tax paid by the issuer and avoids double taxation.
The percentage varies depending on whether the dividend is eligible or non-eligible. According to [this site], the federal dividend tax credit rate for eligible
dividends in 2020 was 15%, while the federal dividend tax credit rate for non-eligible dividends in 2020 was 9.03%. Therefore, Firmansyah's federal
dividend tax credit from both sources is:
(1800+680.25)*0.38*0.15=297.88
* Step 5: Subtract Firmansyah's federal dividend tax credit from his federal tax before credits to get his net federal tax liability from the investment income.
This is the amount of federal income tax that Firmansyah has to pay or has overpaid from the investment income. Therefore, Firmansyah's net federal tax
liability from the investment income is:
993.64297.88=695.76
Hence, option C is correct. References: [Canadian Investment Funds Course (CIFC) | IFSE Institute],
[Dividend Tax Credit | TurboTax Canada Tips], [Federal Income Tax Rates for Canada - TurboTax Canada Tips], [Eligible Dividends | TurboTax Canada Tips]
QUESTION NO: 63
The Mutual Fund Dealers Association of Canada (MFDA) has strict rules concerning conflicts of interest.
Which of the following is TRUE?
Chat now
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
10:04
Assignment Details
ATG-110-20A01: Financial Accounting (Session II Summer 2021)
7474 unread replies.7575 replies.
Please read and respond to TIF 12-2 on page 623. Review
the rubric to ensure you receive full points for this
discussion.
Discussion Rubric- 25 points(1)_(3).docx
*After you have posted your answers, please reply to three
other students' posts. This discussion board was set up so
that you will not be able to see others replies until you post
your own.
Search entries or author Filter replies by unreadUnread
Collapse replies
TIF 12-2
Issuing Stock
1.
ETHICS Lou Hoskins and Shirley Crothers are
organizing Red Lodge Metals Unlimited Inc. to
undertake a high-risk gold mining venture in Canada.
Lou and Shirley tentatively plan to request
authorization for 400,000,000 shares of common
stock to be sold to the general public. Lou and Shirley
have decided to establish par of $0.03 per share in
order to appeal to a wide variety of potential
investors. Lou and Shirley believe…
arrow_forward
AHEAD | Login
FA_21BUS101A-END-SEM ASSIGI X
https://aheadonline.amrita.edu/courses/34/assignments/2033?module_item_id=9674
Discussions
1. From the following Trial balance , you are require to prepare the final accounts for the year ended 31st December 2020.
Grades
Particulars
Amount (Dr)
Amount(Cr)
4,80,000
Сapital
Drawings
Land & Building
People
1,35,000
4,50,000
Pages
Account
Creditors
3,15,000
Files
Plant& Machinery
1,20,000
Purchase returns
7,950
Syllabus
Bills receivable
18,000
Dashboard
Sales
6,54,000
Quizzes
Opening stock
1,20,000
1,53,000
78,000
1,500
3,000
1,14,000
10,200
79,800
1,35,000
3,600
6,000
18,000
11,850
Courses
Modules
Purchase
Wages
Carriage outwards
Carriage inwards
Salaries
Calendar
Discount
Inbox
Bank balance
Debtors
Bad debts
Sales returns
Furniture
Advertisements
Total
14,56,950
14,56,950
Adjustments:
Stock on 31st December,2020 is Rs. 1,05,000
Machinery & Furniture to be depreciated @ 10%.
Wages outstanding is Rs. 4,50O
Prepaid Advertisement is Rs.1,500
A…
arrow_forward
Paragraph
Styles
keep using Word without interruption, activate before Monday, 17 May 2021.
Activate
Expressive Youths is a non-profit youth club in the Corporate Area that engages its members in
the buying and selling of paintings that are sold to public to provide income for the club. For the
financial year ending December 31, 2020 the clerical officer of the club provided the following
information in relation to the club's activities:
Payments
Electricity
Purchase of television
Purchase of paintings
Refreshments, etc.
Stipend for clerk
Stationery
2$
120,000 subscription
60,000 Sale of paintings
320,000 Refreshment, etc. sale
Receipts
300,000
800,000
600,000
280,000
Donations
250,000
200,000
96,000 Other activities
50,000
I.
Additional Information:
()
On January 1, 2020 the club had paintings valued at $350,000., while subscription in
arrears at that date was $15,000
On December 31, 2020 the club owed $25,000 for electricity, while $10,000 was paid
for stationery that was to be…
arrow_forward
Conduct the below exercise
Step-1: Click the link
The student can use any of the below links to download the same
a) https://www.imf.org/-
/media/Files/Publications/WEO/2021/Update/January/English/data/WEOJan2021updat
e.ashx
b) https://www.imf.org/en/Publications/WEO/Issues/2021/01/26/2021-world-economicoutlook-
update
(And click on download data)
Step-2: Answer the below questions
What do you understand by Real GDP? What is the Real GDP Growth Rate of India and
China in 2019? What is the estimated real GDP growth rate of India and China in 2020?
What is the projected real GDP growth rate of India and China in 2021 and 2022?
What is the estimated 2022 GDP Loss (in percentage) in comparison to pre-covid levels
(January 2020 forecast) in China and Other Emerging Economies in Asia other than
China?
arrow_forward
us.wvu.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_349525_1&course_id=_172235_1&content_id= 91004 Musketeers
worldhiston
H Blackboard
M WVU Gmail
a Discord
Complete History...
m HBO Max
N Netflix
A ALEKS-
Musketeers
Excel
Email
am
and sieges
v Question Completion Status:
Florist Grump, Inc., had beginning retained earnings of $137,000. During the year, Florist Grump had net income of $63,000 and declared
and paid dividends of $18,000. What will be shown for ending retained earnings on Florist Grump's year-end balance sheet?
QUESTION 9
For the year ended December 31, Year 2
For the year ended December 31, Year 1
Revenues
$ 7,500
$ 500
Expenses
1,500
Net Income
December 31, Year 2
December 31, Year 1
Assets
$ 16,500
$ 1,000
500
Liabilities
Stock
300
300
Retained Earnings
1.$
200
Assume Year1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After
determining the missing amounts ($
Earnings 1.$
in the above…
arrow_forward
https://www.chegg.com/homework-help/questions-and-answers/q1-let-us-assume-mr-amir-starts-business-called-amir-enterprises-1st-january-2021-invests--q69973974?fbclid=IwAR2P3PvLU-TV9l2c3UJ1L3iqmf2MoRP-lQpp1m2RE9bHkCPdTkYNenUXFPY
arrow_forward
rd / My courses/ BAMA1101 / Worksheets Home PraiWotkst
äö pio
Moving Forward
An invoice for OMR 600 dated March 10th with the terms 5/15 EOM is recerved. The bill is paid on April Sth.
Find the net payment.
ut of
Select one:
O a. 570
O b. 30
Oc 510
O d. 90
Clear my choice
inus nane
Type here to search
arrow_forward
ie Calendar My MCDS Library English ien)-
Hal Management
ession i 2021/FIN 20A/ET/ Section 9/ Mid Term Exam
Explain an agency problem for a corporation with examples, and Identify means by which the firm can help reduce or
eliminate that problem.
A- BI -
Il mcbs.proctoring.online is sharing your sareen.
Stop sharing
Hide
mid-98604&page-8#
DELL
arrow_forward
education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewcon...
It sec
Question 2 - Ch 7 h/w - mkt sec - Connect
Required B
Complete this question by entering your answers in the tabs below.
Required C
Saved
b. As of December 31, year 1, what income taxes has Wharton paid on the increase in value of these investments?
c. Prepare a journal entry at January 4, year 2, to record the cash sale of these investments at $220,000.
d. What effect will the sale recorded in part c have on Wharton's tax obligation for year 2?
Required D
Wharton, Inc., pays income taxes on capital gains (including gains on marketable securities) at a rate of 30 percent. At December
31, year 1, the company owns marketable securities that cost $180,000 but have a current market value of $220,000.
Required B
Prev
‒‒‒‒‒‒‒‒‒‒‒
As of December 31, year 1, what income taxes has Wharton paid on the increase in value of these investments?
Income taxes paid on the increase in the…
arrow_forward
My Questions | bartleby
b
+
Camden County College
References
Chapter 3 Quiz
Ha
X
//camdenccinstructure.com/courses/3788/assignments/35967?module item id=88693
Next>
Send to Gradebook
< Prev
Submitted to Gradebook, Fri, Oct 4, 2019, 9:34:35 AM (America/New York
-04:00)
Question 19
-/1
View Policies
Current Attempt in Progress
A process with no beginning work in process, completed and transferred out 85200 units during a period and had 50100 units in the
ending work in process inventory that were 20% complete. The equivalent units of production for the period for conversion costs were:
O 95220 equivalent units.
O 135300 equivalent units.
O 70200 equivalent units.
O 85200 equivalent units.
eTextbook and Media
Attempts: 0 of 1 used
Submit Answer
Save for Later
11:21 AM
10/4/2019
hp
ins
prt sc
12
end
11
home
f10
delete
fg
f8
f5
f4
II
&
num
backspace
6
5
lock
}
{
P
T
U
Y
home
+
96
arrow_forward
A v2.cengagenow.com
da EXCHANGE PASSWORD REQUIRED
1 FA2021 - Fina...
X CengageNOWv2 | Online teaching and learning reso.
11m
O https://www.toolingu.com/Ims/contentplayer/?corpo.
Enter your password for "hjmolin" in Internet
Accounts.
еВook
Show Me How
Note Payable and Accrued Interest
Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with
interest on May 1, 2024.
Required:
1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank.
2023 Oct. 1 Cash
Notes Payable
(Record issuance of note)
Feedback
2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank.
2023 Dec. 31 Interest Expense
Interest Payable
(Record accrued interest)
Feedback
3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023.
Among the current…
arrow_forward
+V
My Questions | bartleby
b
References
Chapter 3 Quiz
Camden County College
camdenccinstructure.com/courses/3788/assignments/35967?module_item id=88693|
Next>
K Prev
Send to Gradebook
Submitted to Gradebook, Fri, Oct 4, 2019, 9:34:35 AM (America/New York
-04:00)
--/1
Question 15
View Policies
Current Attempt in Progress
Concord Industries has equivalent units of 7100 for materials and for conversion costs. Total manufacturing costs are $124370. Total
materials costs are $91000. How much is the conversion cost per unit?
O $17.52.
O $4.70.
$12.82.
O $30.33
eTextbook and Media
Submit Answer
Save for Later
Attempts: 0 of 1 used
11:10 A
10/4/20
hp
ins
prt sc
end
home
f12
11
DI
delete
f9
f8
f7
f6
fs
10
+
&
%
num
backspace
6
7
lock
5
{
P
T
U
Y
II
96
arrow_forward
First quiz (page 3 of 7)
tc.birzeit.edu/mod/quiz/attempt.php?attempt=475234&cmid%3D2242228&page=2
: +97(0/2)-2-2982000 E-mall : help@ritaj.ps
courses / PRINCIPLES OF FINANCIAL MANAGEMENT 1-Lecture-1202 - FINN1300-2/ Chapter 3 / First
Time left 0:09:24
Rao Construction recently reported $20.00 million of sales, $12 million of operating costs other than
depreciation, and $3.00 millon of depreciation. It had $10 million of bonds outstanding that carry a
10% interest rate, and Its federal-plus-state income tax rate was 40%. What was Rao's operating
income, or EBIT. in millions?
Select one:
O a. 8 millions
O b. 3 millions
O c. 4 millions
O d. 5 millions
Previous page
Next page
Jump to.
arrow_forward
A2 Fall 2021-2022
OFIN445 Ch. 1-5 Flashcards | Quizt x
google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1
Required
Income Statement: The income statement of Fairoz store Inc. is given for the
years 2020 & 2019.
2020
2019
General and administrative expenses
21,600
24,000
Interest expense
1,500
1,500
Net sales
$136,400
$138,000
11,660
12,720
Selling Expense
$1,023.0
5,230
Income taxes
99,000
95,000
COGS
770
450
Gain on Sale of land
1. What is the operating profit margin for the company over the years 2020 and
2019 respectively?
arrow_forward
Can you please help me create a citation fot this link using apa 7th edition
https://www.stats.gov.kn/wp-content/uploads/2017/11/The-COVID-Impact-Tourism-2019-20-April.pdf
arrow_forward
Auditing || fall20
Dashboard
My courses
ACCT4141_iram_fall20
WEEK 7: 25 OCTOBER - 31 OCTOBER
Case study 2
Separate groups: 5
My Submissions
Case 2
Title Start Date Due Date Post Date Marks Available
Case study 2 - Case 2 27 Oct 2020 - 08:00 28 Oct 2020 - 06:00 28 Oct 2020 - 19:00 100
Summary:
On Chapters 9, 10, and 11:
The YuRaeKa charity was established in 1960. The charity’s aim is to provide support to children from disadvantaged backgrounds who wish to take part in sports such as tennis, badminton, squash, basketball and football.
YuRaeKa has a detailed constitution[1] which explains how the charity’s income can be spent. The constitution also notes that administration expenditure cannot exceed 10% of income in any year.
The charity’s income is derived wholly from voluntary donations. Sources of donations include:
(i) Cash collected by volunteers asking the public for donations in shopping areas,
(ii) Cheques sent to the charity’s head office,
(iii) Donations…
arrow_forward
17649928cmid 8751838pages6
wo ahttps//altemativet
4 SQUCOFFEE - Goog. B BCOM2911-Busines. D Sultan Caboos Univ. G Trading Platform C.
MIC)
E-LEARNING SERVICES SQU LIBRARIES -
Accounting C
SQU PORTAL ATTENDANCE
gerial Accounting - Spring21
murses / ACCT2121_yasserg Spring21 / Midterm Exam One / Midterm Exam One
Time left 1:51:50
A Company uses a job order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's
production costs for the year were: direct labor, $80,000; direct materials, $40,000; and factory overhead applied $20,000. The
predetermined overhead rate was:
O a. 4%.
O b. 50%.
Oc 200%.
O d. 25%.
O e. 400.%.
XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct
materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In
Finished Goods
Cost of Goods Sold
Process
OMR 8,450 OMR
61,880
Direct materials
OMR 3,440…
arrow_forward
•¯¯¯**EF34
dentFunctions/Interface/acellus_engine.html?ClassID=1073315989
ip o
36
W
S
SE
SE SO
Days 1-3: $150 (initial balance)
Days 4-20: $200
($50 purchase)
Days 21-30: $50
($150 payment)
ght © 2003-2023 International Academy of Science. All Rights Reserved.
The balance on a credit card, that charges a 10.5%
APR interest rate, over a 1 month period is given in
the following table:
finance charge = $ [?]
Round to the nearest hundredth.
9
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
MacBook Air
W
Enter
6
CDC
Using Alternative
Server
C
arrow_forward
nt Aid
Home | Federal Student Aid
Filling Out the FAFSA® Form F X
M Question 6-CH4 Class - Connec X G [The following information appli x
p.mheducation.com/ext/map/index.html?_con-con&external_browser=0&launch Url=https%253A%252F%252Fbbhosted.cuny.edu%252Fwebapps%252Fportal%252Ffra
S
Saved
Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets,
Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item
typically would best appear. If an item does not appear on the balance, indicate that instead.
Account Title
1. Long-term investment in stock
2. Depreciation expense-Building
3. Prepaid rent (2 months of rent)
4. Interest receivable
S
5. Taxes payable (due in 5 weeks)
6. Automobiles
7. Notes payable (due in 3 years)
8. Accounts payable
9. Cash
10. Patents
Classification
Account Title
11. Unearned services revenue
12. Accumulated…
arrow_forward
Ö https ezto.mheducation.com
Portal
Ki Welcome, Evitta - B.
مشاهدة فیلم . . ،2nThe
مشاهدة مای سيما . . . M
123Movies W Offi..
Series9 - Watch full..
FMovies - Free
Exam 3
Saved
Required information
[The following information applies to the questions displayed below.]
On April 1, year 1, Cricket Corporation issues $30 million of 6%, 8-year bonds payable at par. Interest on the bonds is
payable semiannually each April 1 and October 1.
Part 2 of 2
X 01:1213
The amount of cash paid to bondholders for interest during Year 1, is:
Multiple Cholce
$900,000.
$1.350,000.
of 19
Next >
Prev
7.
Mc
Graw
Hill
arrow_forward
Central Valley Construction (CVC) purchased $80,000 of sheet metal fabricating equipment from Buffalo Supply on January 1,
20X1. CVC paid $15,000 cash and signed a five-year, 10% note for the remaining $65,000 of the purchase price. The note
specifies that payments of $13,000 plus interest be made each year on the loan's anniversary date. CVC made the required January 1, 20X2,
payment but was unable to make the second payment on January 1, 20X3, because of a downturn in the construction industry. At this time,
CVC owed Buffalo Supply $52,000 plus $5,200 interest that had been accrued by both companies. Rather than write off the note and
repossess the equipment, Buffalo Supply agreed to restructure the loan as one payment of $50,000 on January 1, 20X5, to satisfy the
Page 9-40
restructured note.
arrow_forward
estions - Blackboa x
NWP Assessment Player UI App x
A education.wiley.com/was/ui/v2/assessment-player/index.html?launchid 5750652f-a595-413e-b7d3-15080082c239/question/22
ter 6 Questions
0/1 E
Question 23 of 25
You have the following information for Sheridan Inc. for the month ended June 30, 2022. Sheridan uses a periodic inventory system.
Unit Cost or
Date
Description
Quantity
Selling Price
June
Beginning inventory
40
$34
June
4.
Purchase
135
37
June
10
Sale
110
64
June
11
Sale return
15
64
June
18
Purchase
55
40
June
18
Purchase return
10
40
June
25
Sale
65
70
June
28
Purchase
35
44
arrow_forward
O (148) WhatsApp
C 414 (Change in
X
E intro to hr Gooc x
A VitalSource Book x
C The equity sectio x
O Dashboard
Shopee Indones x+
bookshelf.vitalsource.com/reader/books/9781119609247/epubcfi/6/28(%3Bvnd.vst.idref%3De5/4[c05-body-0001]/4(c05-sec-0065)/8[c05-sec-00701/16(c05-
23
: Apps K KissAsian Official -
6 Academic Portal
d LIBIS - Sampoerna. O Dashboard
O VitalSource Booksh...
O
Spotify - Web Player MLA Formatting an.. Credible and Non-..
E Reading list
Table of Contents
AA
...
Es.5 (LO 1, 2) (Preparation of a Corrected Statement of Financial Position) Bruno SpA has decided to expand its operations. The bookkeeper
recently completed the following statement of financial position in order to obtain additional funds for expansion.
11
Bruno SpA
Statement of Financial Position
December 31, 2022
Current assets
Cash
€260,000
Accounts receivable (net)
340,000
Inventory (at lower-of-average-cost-or-net realizable value)
401,000
Trading securities-at cost (fair value €120,000)
140,000…
arrow_forward
Journal entries: https://imgur.com/a/Lyfp0KB
arrow_forward
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%25
Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100%;
merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100.
LONG PRINT SHOP
Balance Sheet
December 31, 2020
Assets
Liabilities
ces
Owner's Equity
Total assets
Total liabilities and owner's equity
acer
Σ
arrow_forward
Sheffield Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become
uncollectible. Accounts receivable are $430,800 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,864.
(a) Prepare the adjusting journal entry to record bad debt expense for the year.
(b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,864, prepare the adjusting journal entry for
bad debt expense.
arrow_forward
ry Bookmarks Profiles Tab Window Help
Gradebook / ACT 196: Payroll X M Question 1- Ch. 7 - Assignmen x +
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Felearning.kctcs.edu...
The Moffatt's Fam... MyPath - Home
s MyPath - Home Protection Plan Bread Member Po...
Home
SmartBook 2.0 M SmartBook 2.0
ignment i
ces
C...txt A
3:
@
7
W
F2
X
#
Exercise 7-6A (Static)
How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. Single click the
box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to
empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
? General Ledger account balances aggregate data to determine payroll costs.
?Payroll expenses contained in the General Ledger are not used to make personnel decisions.
The payroll accountant uses General Ledger balances to…
arrow_forward
Tmel
STBAL
age 5 of 12)
i moodle.jamessprunt.edu/mod/quiz/attempt.php?attempt=4732878&cmid=605671&page=D4
JSCC Homepage - Tech Support- Student Toolbox JSCC Bookstore English (United States) (en_us) -
Financial Accounting (2021SP-ACC-120-51-Meza)
purses / 2021SP-ACC-120-51 / Week of April 29/ Final Exam
The posting references in the following revenue journal are indicated by letters. Identify each posting reference [(a) through (h)] as representing (1) a posting to a general ledger account, (2) a posting to a
subsidiary ledger account, or (3) that no posting is required.
REVENUE JOURNAL
Page 25
Post Acct. Rec. Dr.
Date
Invoice No.
Account Debited
Ref. Fees Earmed Cr.
Apr. 3
190
Hll Company
(a)
4,750
191
North Supply
(b)
5,025
13
192
Macon Inc.
(c)
2,100
17
193
White Products
(d)
6,000
25
194
Easton Supply
(e)
2,250
30
195
Karson Enterprises
(1)
3750
30
23 875
(g) (h)
(a) General Ledger
(b) Subsidiary Ledger
0 Subsidiary Ledger
Type here to search
hp
米
19
144
10
prt sc
delete
arrow_forward
A McGraw-Hill Connect
6 Question 6 - Exam 2 - Conne X
8 Socrative
D Applications | Rapidldentity
heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmh
Help
Save & Exit
Saved
Required information
Use the following information for the Exercises 12-13 below. (Algo)
[The following information applies to the questions displayed below.]
Del Gato Clinic's cash account shows an $15,472 debit balance and its bank statement shows $16,254 on deposit at the
close of businėss on June 30.
a. Outstanding checks as of June 30 total $3,069.
b. The June 30 bank statement lists a $35 bank service charge.
c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Del
Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398.
d. The June 30 cash receipts of $2,261 were placed in the bank's night depository…
arrow_forward
☐mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=7676745&cmid=418253&page=4
N Dashboard N Current Student Inf... N This course N Technology Suppor... NIT Services N MyNMU N MyUser SNMU EduCat
BusinessCourse
Tab
Stockholders' Equity: Transaction Descriptions from Account Data
The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.:
Paid-in Capital in Excess of Par
Land
value-Common Stock
33,000 (3)
Common Stock, $10 Par
35,000 (2)
60,000 (3)
(1)
(2)
(5) 6,080
Cash
80,600
35,000
4
*800 shares of common stock
Date
1
OsLock
Preferred Stock, $50 Par
65,000 (1)
Esc
FnLock
12,800 (4)
!
Required
4
Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transac
General Journal
1
Paid-in-Capital in Excess of Par Value - Preferred Stock
Type here to search
(1)
A
F1
Z
Description
Return to course
@
Paid-in Capital from Treasury…
arrow_forward
F myCampus Portal Login - for Stu X
B 09 Operational and Legal Consid x
E (24,513 unread) - sharmarohit81
b My Questions | bartleby
A fleming.desire2learn.com/d21/le/content/130754/viewContent/1518900/View?ou=130754
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
Show all
12:35 AM
O Type here to search
A O 4) ENG
2020-12-09
arrow_forward
Safari File Edit View History Bookmarks Window Help
Inbox (3,222) - tonygonzalez0100@g...
Bb Welcome, Tony - Blackboard Learn
learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com
Screenshot
2. Suppose Grandma wants to accumulate $100,000 for her grandchild's college education in 18
years. How much must she deposit today into an account with an APR of 4%, compounded
semiannually in order to have $100,000 in 18 years? Assume no additional deposits are made.
O
Bb NCBM 0222/MATD 0485 Unit 4 Conte...
DEC
7
Bb https://learn-us-east-1-prod-fleet02-x...
3. You want to save enough to have $40,000 for a down payment on a house in 6 years. How much
should you deposit today into an account with an APR of 4% compounded weekly in order to
have the down payment in 6 years?
tvi
PV:
=
PMT=
FV =
APR =
Periods =
Compounding:
PV: =
PMT=
FV =
APR =
Periods =
Compounding:
A
32
Wed Dec 7 12:03 AM
b Search results for 'Suppose Grandma...
t
PM
PM
. PM
t
t
PM
PM
t
PM
arrow_forward
X
SAM.gov | Home
First Financial Bank
Question 1- Week 5: X
devry: Cost Managem X
-Portal
X
M Inbox (17) - princessp: X
X
https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com...
A to
Homework i
Saved
Help
Save & Exit
Check
The following information is available for Brownstone Products Company for the month of July:
Master
Actual
Budget
Units
3,500
4,000
Sales revenue
$ 54,300
$ 60,000
Variable manufacturing costs
10,000
16,000
Fixed manufacturing costs
13,000
14,000
Variable selling and administrative expenses
6,500
8,000
Fixed selling and administrative expenses
8,000
9,100
Required:
1. What was the master budget variance for July? Was this variance favorable or unfavorable?
es
2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in
terms of operating income.
4. Prepare pro-forma budgets for activities within its relevant range of…
arrow_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_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education
Related Questions
- 10:04 Assignment Details ATG-110-20A01: Financial Accounting (Session II Summer 2021) 7474 unread replies.7575 replies. Please read and respond to TIF 12-2 on page 623. Review the rubric to ensure you receive full points for this discussion. Discussion Rubric- 25 points(1)_(3).docx *After you have posted your answers, please reply to three other students' posts. This discussion board was set up so that you will not be able to see others replies until you post your own. Search entries or author Filter replies by unreadUnread Collapse replies TIF 12-2 Issuing Stock 1. ETHICS Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold mining venture in Canada. Lou and Shirley tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Lou and Shirley have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Lou and Shirley believe…arrow_forwardAHEAD | Login FA_21BUS101A-END-SEM ASSIGI X https://aheadonline.amrita.edu/courses/34/assignments/2033?module_item_id=9674 Discussions 1. From the following Trial balance , you are require to prepare the final accounts for the year ended 31st December 2020. Grades Particulars Amount (Dr) Amount(Cr) 4,80,000 Сapital Drawings Land & Building People 1,35,000 4,50,000 Pages Account Creditors 3,15,000 Files Plant& Machinery 1,20,000 Purchase returns 7,950 Syllabus Bills receivable 18,000 Dashboard Sales 6,54,000 Quizzes Opening stock 1,20,000 1,53,000 78,000 1,500 3,000 1,14,000 10,200 79,800 1,35,000 3,600 6,000 18,000 11,850 Courses Modules Purchase Wages Carriage outwards Carriage inwards Salaries Calendar Discount Inbox Bank balance Debtors Bad debts Sales returns Furniture Advertisements Total 14,56,950 14,56,950 Adjustments: Stock on 31st December,2020 is Rs. 1,05,000 Machinery & Furniture to be depreciated @ 10%. Wages outstanding is Rs. 4,50O Prepaid Advertisement is Rs.1,500 A…arrow_forwardParagraph Styles keep using Word without interruption, activate before Monday, 17 May 2021. Activate Expressive Youths is a non-profit youth club in the Corporate Area that engages its members in the buying and selling of paintings that are sold to public to provide income for the club. For the financial year ending December 31, 2020 the clerical officer of the club provided the following information in relation to the club's activities: Payments Electricity Purchase of television Purchase of paintings Refreshments, etc. Stipend for clerk Stationery 2$ 120,000 subscription 60,000 Sale of paintings 320,000 Refreshment, etc. sale Receipts 300,000 800,000 600,000 280,000 Donations 250,000 200,000 96,000 Other activities 50,000 I. Additional Information: () On January 1, 2020 the club had paintings valued at $350,000., while subscription in arrears at that date was $15,000 On December 31, 2020 the club owed $25,000 for electricity, while $10,000 was paid for stationery that was to be…arrow_forward
- Conduct the below exercise Step-1: Click the link The student can use any of the below links to download the same a) https://www.imf.org/- /media/Files/Publications/WEO/2021/Update/January/English/data/WEOJan2021updat e.ashx b) https://www.imf.org/en/Publications/WEO/Issues/2021/01/26/2021-world-economicoutlook- update (And click on download data) Step-2: Answer the below questions What do you understand by Real GDP? What is the Real GDP Growth Rate of India and China in 2019? What is the estimated real GDP growth rate of India and China in 2020? What is the projected real GDP growth rate of India and China in 2021 and 2022? What is the estimated 2022 GDP Loss (in percentage) in comparison to pre-covid levels (January 2020 forecast) in China and Other Emerging Economies in Asia other than China?arrow_forwardus.wvu.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_349525_1&course_id=_172235_1&content_id= 91004 Musketeers worldhiston H Blackboard M WVU Gmail a Discord Complete History... m HBO Max N Netflix A ALEKS- Musketeers Excel Email am and sieges v Question Completion Status: Florist Grump, Inc., had beginning retained earnings of $137,000. During the year, Florist Grump had net income of $63,000 and declared and paid dividends of $18,000. What will be shown for ending retained earnings on Florist Grump's year-end balance sheet? QUESTION 9 For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $ 7,500 $ 500 Expenses 1,500 Net Income December 31, Year 2 December 31, Year 1 Assets $ 16,500 $ 1,000 500 Liabilities Stock 300 300 Retained Earnings 1.$ 200 Assume Year1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After determining the missing amounts ($ Earnings 1.$ in the above…arrow_forwardhttps://www.chegg.com/homework-help/questions-and-answers/q1-let-us-assume-mr-amir-starts-business-called-amir-enterprises-1st-january-2021-invests--q69973974?fbclid=IwAR2P3PvLU-TV9l2c3UJ1L3iqmf2MoRP-lQpp1m2RE9bHkCPdTkYNenUXFPYarrow_forward
- rd / My courses/ BAMA1101 / Worksheets Home PraiWotkst äö pio Moving Forward An invoice for OMR 600 dated March 10th with the terms 5/15 EOM is recerved. The bill is paid on April Sth. Find the net payment. ut of Select one: O a. 570 O b. 30 Oc 510 O d. 90 Clear my choice inus nane Type here to searcharrow_forwardie Calendar My MCDS Library English ien)- Hal Management ession i 2021/FIN 20A/ET/ Section 9/ Mid Term Exam Explain an agency problem for a corporation with examples, and Identify means by which the firm can help reduce or eliminate that problem. A- BI - Il mcbs.proctoring.online is sharing your sareen. Stop sharing Hide mid-98604&page-8# DELLarrow_forwardeducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewcon... It sec Question 2 - Ch 7 h/w - mkt sec - Connect Required B Complete this question by entering your answers in the tabs below. Required C Saved b. As of December 31, year 1, what income taxes has Wharton paid on the increase in value of these investments? c. Prepare a journal entry at January 4, year 2, to record the cash sale of these investments at $220,000. d. What effect will the sale recorded in part c have on Wharton's tax obligation for year 2? Required D Wharton, Inc., pays income taxes on capital gains (including gains on marketable securities) at a rate of 30 percent. At December 31, year 1, the company owns marketable securities that cost $180,000 but have a current market value of $220,000. Required B Prev ‒‒‒‒‒‒‒‒‒‒‒ As of December 31, year 1, what income taxes has Wharton paid on the increase in value of these investments? Income taxes paid on the increase in the…arrow_forward
- My Questions | bartleby b + Camden County College References Chapter 3 Quiz Ha X //camdenccinstructure.com/courses/3788/assignments/35967?module item id=88693 Next> Send to Gradebook < Prev Submitted to Gradebook, Fri, Oct 4, 2019, 9:34:35 AM (America/New York -04:00) Question 19 -/1 View Policies Current Attempt in Progress A process with no beginning work in process, completed and transferred out 85200 units during a period and had 50100 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period for conversion costs were: O 95220 equivalent units. O 135300 equivalent units. O 70200 equivalent units. O 85200 equivalent units. eTextbook and Media Attempts: 0 of 1 used Submit Answer Save for Later 11:21 AM 10/4/2019 hp ins prt sc 12 end 11 home f10 delete fg f8 f5 f4 II & num backspace 6 5 lock } { P T U Y home + 96arrow_forwardA v2.cengagenow.com da EXCHANGE PASSWORD REQUIRED 1 FA2021 - Fina... X CengageNOWv2 | Online teaching and learning reso. 11m O https://www.toolingu.com/Ims/contentplayer/?corpo. Enter your password for "hjmolin" in Internet Accounts. еВook Show Me How Note Payable and Accrued Interest Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with interest on May 1, 2024. Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank. 2023 Oct. 1 Cash Notes Payable (Record issuance of note) Feedback 2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank. 2023 Dec. 31 Interest Expense Interest Payable (Record accrued interest) Feedback 3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current…arrow_forward+V My Questions | bartleby b References Chapter 3 Quiz Camden County College camdenccinstructure.com/courses/3788/assignments/35967?module_item id=88693| Next> K Prev Send to Gradebook Submitted to Gradebook, Fri, Oct 4, 2019, 9:34:35 AM (America/New York -04:00) --/1 Question 15 View Policies Current Attempt in Progress Concord Industries has equivalent units of 7100 for materials and for conversion costs. Total manufacturing costs are $124370. Total materials costs are $91000. How much is the conversion cost per unit? O $17.52. O $4.70. $12.82. O $30.33 eTextbook and Media Submit Answer Save for Later Attempts: 0 of 1 used 11:10 A 10/4/20 hp ins prt sc end home f12 11 DI delete f9 f8 f7 f6 fs 10 + & % num backspace 6 7 lock 5 { P T U Y II 96arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Essentials Of InvestmentsFinanceISBN:9781260013924Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.Publisher:Mcgraw-hill Education,
- Foundations Of FinanceFinanceISBN:9780134897264Author:KEOWN, Arthur J., Martin, John D., PETTY, J. WilliamPublisher:Pearson,Fundamentals of Financial Management (MindTap Cou...FinanceISBN:9781337395250Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage LearningCorporate Finance (The Mcgraw-hill/Irwin Series i...FinanceISBN:9780077861759Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan ProfessorPublisher:McGraw-Hill Education
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education