HW 16 Particulars
در رد
Salary less oprating capense Gand A) 1,00.000 Sales revenue
Commission s and on
Insurance G and a
Following is the trial balance of Shri Mai Company as on Ashadh 31,2077:
Debit (Rs.)
Particulars
60,000 Share capital
Beginning inventory
2,50,000 Bank loan
Purchases
1,00,000 Sales revenue
70,000 Retained eamings
18,000 Accounts payable
15,000 Dividend received
1,70,000
Bank balance
Accounts receivable
80,000
Plant and machinery
1,20,000
Goodwill
30,000
Other fixed assets
1,70,000
Total
10,83,000 Total
HW 18
Additional information:
Ending inventory of Rs.50,000
Salary dues of Rs.5,000
Depreciate plant and machinery by 10%
Income tax rate is 30%
.
Required: a) Multi-step income statement
b) Balance sheet
[Ans.: NIAT Rs. 26,600, RE Rs.75,600; BS BS​

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?