Prepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required.
Preparation of a statement of financial position and statement of profit or loss and other comprehensive income
The summarised trial balance of Swish Ltd, a clothing retailer, includes the following accounts at 30 June 2016:
DR ($) CR ($)
Sales revenue 3,245,000
Interest revenue 9,000
Rental revenue 73,000
Changes in clothing inventories 25,000
Purchases of clothing inventories 1,020,000
Administrative salaries 168,000
Advertising expense 38,000
Amortisation expense – patent 5,000
Annual leave expense – administrative staff 2,000
Annual leave expense- sales staff 4,000
Depreciation – administration office equipment 8,000
Depreciation – shop fittings 42,000
Depreciation – vehicles 6,000
Delivery costs – freight out 21,000
Doubtful debts expense 63,000
Electricity expense – administration office 4,000
Electricity expense – retail store 17,000
Goodwill impairment loss 20,000
Interest expense 19,000
Long service leave expense – administrative staff 2,000
Long service leave expense – sales staff 10,000
Promotion expenses 26,000
Rent expense – administration office 18,000
Rent expense – retail store 189,000
Sales staff salaries 285,000
Shipping supplies 12,000
Sundry expenses 4,000
Income tax expense 450,000
Gain on revaluation of delivery vehicles ($10,000 less $3,000 tax) 7,000
Cash on hand 17,000
Accounts receivable 545,000
Allowance for doubtful debts 83,000
Inventories 98,000
Prepaid rent – retail store 20,000
Investment property 954,000
Deferred tax assets 23,000
Patent 50,000
Accumulated amortisation – patent 10,000
Trademark – at cost 35,000
Goodwill 50,000
Accumulated impairment losses – goodwill 20,000
Administration office equipment – at cost 46,000
Accumulated depreciation – office equipment 22,000
Shop fittings – at cost 614,000
Accumulated depreciation – sales equipment 96,000
Vehicles – delivery vehicles – at fair value 70,000
Accumulated depreciation – delivery vehicles 3,000
Accounts payable 63,000
Current tax liability 312,000
Bank loan 200,000
Provision for annual leave 37,000
Provision for long service leave 18,000
Deferred tax liabilities 3,000
Share capital – ordinary fully paid shares 500,000
Retained earnings at 1 July 2015 272,000
Asset revaluation surplus 7,000
4,980,000
4,980,000
Additional information:
All assets other than accounts receivable, cash, prepayments and inventories are non-current. All liabilities other than accounts payable, provision balances listed below and current tax liability are non-current.
Provision for annual leave includes $9,000 payable within 1 year.
Provision for long service leave includes $5,000 payable within 1 year.
On 1 January 2016, the vehicles were revalued from $60,000 to $70,000. The gain, which has been included in the trial balance above, is to be recognised in other comprehensive income in accordance with AASB 116 paragraph 39.
Swish Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and presents an analysis of expenses by nature on the statement.
In relation to the statement of financial position, where AASB 101 requires entities to disclose further sub-classifications of the minimum line items on the face of the statement or in the notes, the directors of Swish Ltd want to report only the minimum line items on the face of the statement, and leave the sub-classifications to be disclosed in the notes.
Required:
Prepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required.
Question 2 Allocated marks
Statement of financial position 6
Statement of profit or loss and other comprehensive income 5
Explanations / workings provided appropriately 2
Presentation 2
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The post Prepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required. appeared first on BEST NURSING TUTORS .
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Assignment 2: Hacking the AISIn todays
/in Uncategorized /by JosephAssignment 2: Hacking the AISIn todays technology environment, hackers present a substantial risk to a firms accounting or business system. As the result of these attacks, firms suffer huge losses, ranging from financial losses to losses in confidence by consumers, creditors, and suppliers. Firms may have made a significant investment in financial and non-financial resources to secure these systems.For this assignment, research the Internet or Strayer databases and select a company whose database systems have been hacked.Write a five to seven (5-7) page paper in which you:Based on the information you researched, evaluate the level of responsibility of the company in terms of the effectiveness of the response to the security breach. Provide support for your rationale.Imagine that the company that you researched uses a third-party accounting system. Assess the level of responsibility of the software provider to both the business and its clients. Provide support for your rationale.Create an argument for additional regulation as a preventative measure against businesses being hacked. Provide support for your argument.Provide at least three (3) recommendations for businesses to secure their systems and assets from hackers. Provide support for your recommendation.Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Examine control and security concepts related to accounting information systems to ensure data integrity and safety.Use technology and information resources to research issues in accounting information systems.Write clearly and concisely about accounting information systems using proper writing mechanics.
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Prepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required.
/in Uncategorized /by JosephPrepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required.
Preparation of a statement of financial position and statement of profit or loss and other comprehensive income
The summarised trial balance of Swish Ltd, a clothing retailer, includes the following accounts at 30 June 2016:
DR ($) CR ($)
Sales revenue 3,245,000
Interest revenue 9,000
Rental revenue 73,000
Changes in clothing inventories 25,000
Purchases of clothing inventories 1,020,000
Administrative salaries 168,000
Advertising expense 38,000
Amortisation expense – patent 5,000
Annual leave expense – administrative staff 2,000
Annual leave expense- sales staff 4,000
Depreciation – administration office equipment 8,000
Depreciation – shop fittings 42,000
Depreciation – vehicles 6,000
Delivery costs – freight out 21,000
Doubtful debts expense 63,000
Electricity expense – administration office 4,000
Electricity expense – retail store 17,000
Goodwill impairment loss 20,000
Interest expense 19,000
Long service leave expense – administrative staff 2,000
Long service leave expense – sales staff 10,000
Promotion expenses 26,000
Rent expense – administration office 18,000
Rent expense – retail store 189,000
Sales staff salaries 285,000
Shipping supplies 12,000
Sundry expenses 4,000
Income tax expense 450,000
Gain on revaluation of delivery vehicles ($10,000 less $3,000 tax) 7,000
Cash on hand 17,000
Accounts receivable 545,000
Allowance for doubtful debts 83,000
Inventories 98,000
Prepaid rent – retail store 20,000
Investment property 954,000
Deferred tax assets 23,000
Patent 50,000
Accumulated amortisation – patent 10,000
Trademark – at cost 35,000
Goodwill 50,000
Accumulated impairment losses – goodwill 20,000
Administration office equipment – at cost 46,000
Accumulated depreciation – office equipment 22,000
Shop fittings – at cost 614,000
Accumulated depreciation – sales equipment 96,000
Vehicles – delivery vehicles – at fair value 70,000
Accumulated depreciation – delivery vehicles 3,000
Accounts payable 63,000
Current tax liability 312,000
Bank loan 200,000
Provision for annual leave 37,000
Provision for long service leave 18,000
Deferred tax liabilities 3,000
Share capital – ordinary fully paid shares 500,000
Retained earnings at 1 July 2015 272,000
Asset revaluation surplus 7,000
4,980,000
4,980,000
Additional information:
All assets other than accounts receivable, cash, prepayments and inventories are non-current. All liabilities other than accounts payable, provision balances listed below and current tax liability are non-current.
Provision for annual leave includes $9,000 payable within 1 year.
Provision for long service leave includes $5,000 payable within 1 year.
On 1 January 2016, the vehicles were revalued from $60,000 to $70,000. The gain, which has been included in the trial balance above, is to be recognised in other comprehensive income in accordance with AASB 116 paragraph 39.
Swish Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and presents an analysis of expenses by nature on the statement.
In relation to the statement of financial position, where AASB 101 requires entities to disclose further sub-classifications of the minimum line items on the face of the statement or in the notes, the directors of Swish Ltd want to report only the minimum line items on the face of the statement, and leave the sub-classifications to be disclosed in the notes.
Required:
Prepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required.
Question 2 Allocated marks
Statement of financial position 6
Statement of profit or loss and other comprehensive income 5
Explanations / workings provided appropriately 2
Presentation 2
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The post Prepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required. appeared first on BEST NURSING TUTORS .
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Suppose a company has 5 different capital budgeting projects from
/in Uncategorized /by JosephSuppose a company has 5 different capital budgeting projects from which to choose, but has constrained funds and cannot implement all of the projects. Explain why comparing the projects’ NPVs is better than comparing their IRRs.
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How many molecules leak into the system in I hour ?
/in Uncategorized /by Joseph1. A thin-walled vessel of volume V contains N particles which slowly leak out of a small hole of area A. No particles enter the volume through the hole. Find 1 he rime required for the number of particles 10 decreases lo N/2. Express your answer in rearms of A, V, and v. 2. The pressure in a vacuum system is 10-3 Torre. The external pressure is I a am and T- 300 K. There is a pinhole in the walls of the system, of area 10-10 cm2. Assume the every molecule “striking” I he hole passes through (a) How many molecules leak into the system in I hour ? (b) If the volume of the system is 2 liters, whale rise in pressure would result in the system? (c) Show the number of molecules that leak out is negligible.
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Imagine that you have been hired as the database administrator for a local
/in Uncategorized /by JosephThe Strayer Oracle Server may be used to test and compile the SQL Queries developed for this assignment. Your instructor will provide you with login credentials to a Strayer University maintained Oracle server.
Imagine that you have been hired as the database administrator for a local department store. The department store has recently expanded by opening five (5) stores within your local region. They have also launched a series of marketing campaigns to attract new customers and increase sales. For your hired role, you will be responsible for creating and maintaining an enterprise-wide database system that will hold the sales and inventory data for the organization. The designed database will help operations in supporting its new business marketing strategy. Using the concepts presented throughout the course, you will develop a plan to create this database and establish a design that aligns with the product sales initiatives of the organization.
Write a twelve to fifteen (12-15) page paper in which you:
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Summarize the article and correlate the reading to the current module
/in Uncategorized /by JosephVisit the Hunt Library conduct an article research regarding an aspect of airport security in terms of technology, issues, human factors, legalities etc. Summarize the article and correlate the reading to the current module. You must have the proper citation.
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Explain the difference between open-ended and close-ended questions as it relates to the development of the actual questions and data analysis
/in Uncategorized /by JosephOpen and 10 Closed Questions for a Needs Assessment
(Total of 20 questions)
o Develop 10 open-ended and 10 close-ended questions relevant to the topic you identified in the week 1 ”Meet Your Mentor” assignment (See attachment from week (1) report.
Associate these questions to a needs assessment you might use for your practicum project.
Developing strategies for patient’s prescription refill replies in less than 24 hours and accurately scheduling patients for follow up visits, if necessary. The audience would be the medical care techs, nurses, and doctors.. Recommended reference from Survey Monkey).
Explain the difference between open-ended and close-ended questions as it relates to the development of the actual questions and data analysis
Explain how open-ended and close-ended questions can be used in a needs assessment appropriate to your topic.
• is it on topic and concise?
• Have you used (4) reference from a peer reviewed source outside or from the course readings to support your thoughts?
• Have you cited your source where the source is paraphrased or quoted within your text?
• Allow quotes to be appropriately cited, with the page and paragraph the quote came from?
• Each question also need to be formatted in APA 6th edition.
• Provide good American grammar usage and accurate punctuation.
Sentences have structure that is clear, logical, and easy to follow
An example of questioning I prefer is a scale type of answers such as 0 to 5 scale
I don’t know what source to use but this is a quick way to survey people
10 questions you use can be in this form. Use columns and rows.
Currently 1 writers are viewing this order
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Demonstrate thoughtful consideration of the ideas and concepts presented by providing new thoughts and insights relating directly to this topic
/in Uncategorized /by JosephInstructions for the order Part 1: 1st Page
For this task, you will reflect on what you have learned about research design in previous courses, the guidance above, your instructor’s feedback, and ethical and practical considerations about the kind of study needed to address the problem. Then, you will write a problem statement, purpose, and research question(s) based on the artifacts from your last three assignments (annotated bibliography, debates in the field, and the literature review).
At the bottom of your paper, paste the Problem and Purpose Statement and Research Questions section from the PPT Concept paper (located under the heading Dissertation Conference Calls) ,and then explain how your statement meets the criteria for these sections.
Length: 1-2 pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Review APA Form and Style.
Instructions for part 2: 2nd and 3rd page
For this task, prepare for your Signature Assignment by identifying potential obstacles, and then develop a plan to overcome them. Be sure to include strategies for self-care and time management.
Using the course resource and any one or all of the books or articles in the dissertation planning resources, the course’s supplemental resources, or any other book or website of your choice as a guide, write a paper in which you discuss possible obstacles to completing your dissertation and describe the strategies you will use to avoid or overcome them, and generally, how you will take care of yourself throughout the rest of your career as a doctoral student. Or, if you don’t want in any way to focus on negatives, identify the positive steps you will embrace to remain on a path to success!
The APA format is not required for this paper. Actually, it should be in a format that is easy for you to refer to and use. Print it and keep it by your desk or save it as an icon on your desktop. If your plan includes making a plan or a timeline as part of this assignment, keep that handy too.
Length: 2-3 pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your paper should reflect scholarly writing.
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Does culture shape their personality and behavior and does temperament behaviors shape personality behaviors?
/in Uncategorized /by JosephMegan Lurry
10/8/2015
Project proposal
• Details/Goals of what I am doing:
The goal of this paper is to know how personality develops within a child when they are born. I will be answering questions I have made up like; Does culture shape their personality and behavior and does temperament behaviors shape personality behaviors?
• Learning Outcomes:
As a student who is learning a children, youth, and family studies major and someone who wants to work as an elementary school counselor in my future, I am deeply involved and interested in how personality can affect a child positively and negatively and learn why and what affects their behaviors. I feel this will help shape my learning in future areas in my life.
• Grading Requirements and Due Date:
The paper should be organized around a deep considered, original and well-written thesis, with an introductory paragraph, a well-developed middle, and an appropriate conclusion. It should display critical thinking. The paper needs to have a cover page, body, APA style citing, the body of the paper should be 10 pages long (excluding title and APA cites) Times New Roman and pages are numbered. The paper should include a minimum of 10 sources (five online and five peer-reviewed articles) referenced more than once in in the body of the paper.
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Explain the some of the ethical issues that Nike is facing in the case.
/in Uncategorized /by JosephFor this assignment, review the Nike case study, located at: https://www.youtube.com/watch?v=M5uYCWVfuPQ. Click here view the video transcript. Once you have viewed the case scenario, respond to the following questions, with thorough explanations and well supported rationale.
These workers state the “only thing they have is their work”. This statement suggests that without this work, they would have a lower standard of living. Should we inflict western values on this society? Bring in the concepts of social responsibility, integrity and other business ethics practices.
From Nike’s standpoint, is this a fair assessment of their ethical standards? Explain the some of the ethical issues that Nike is facing in the case.
Explain what Nike has done to improve this situation since this 2011 video. Include the use of codes of ethics and other ethical standards implemented within the organization.
Your response should be a minimum of one double-spaced pages. References should include your required reading plus one additional credible reference
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