Accounting Homework Help

Accounting Homework Help. Suppose a firm’s operating cash flows is estimated to be $10 million, its fixed capital investment is at $2.5

Suppose a firm’s operating cash flows is estimated to be $10 million, its fixed capital investment is at $2.5

million, and its investment in net working capital is currently at $1.0 million. 

Its long-term debt is $100 million in total and the most recent debt issuance had the YTM of 4.5%. Its stock is currently trading at $50 a share with 2 million shares outstanding. Its beta is estimated to be 1.2; risk-free rate is 2% with the equity market premium of 5%.

Q1) What is the value of the firm if you assume the firm’s free cash flows will grow at 3% indefinitely?

Q2) what is your estimate of a share price?

Accounting Homework Help

 
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Accounting Homework Help

Accounting Homework Help. You are hired as Manager of Internal Audit for a company similar to Phar-Mor (the company in a recent case

You are hired as Manager of Internal Audit for a company similar to Phar-Mor (the company in a recent case

study). The internal controls for a long time have been “weak at best.” As a result of the deteriorating controls, management has gained the approval of the Board to “change the environment.” Upon being hired by management who you believe sincerely expects and demands a change in the environment, you are charged with bring about the requisite change in ethical climate in the organization.

Accounting Homework Help

 
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Accounting Homework Help

Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from h

Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 74.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 74.0 when he fully retires, he will begin to make annual withdrawals of $148,763.00 from his retirement account until he turns 86.00. After this final withdrawal, he wants $1.72 million remaining in his account. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be? Assume a 8.00% interest rate.

 
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Complete the following items for this assignment:1. Read through the Case 13.1 Tree Trimming Project Case in Larson and Gray. Respond to Questions 1 and 2 of the case. Use Microsoft Excel to complete

Complete the following items for this assignment:1. Read through the Case 13.1 Tree Trimming Project Case in Larson and Gray. Respond to Questions 1 and 2 of the case. Use Microsoft Excel to complete this item and include all calculations in your Excel file. Note that showing all calculations in Excel is required.2. Complete Appendix Exercise 2 at end of Chapter 13 in Larson and Gray. Specifically, complete the table on pp. 509-510 in the textbook (note that SPI and CPI can be determined after the table is completed). Assume that cumulative EV, PV, CV, SV, SPI and CPI values are needed. Also, complete the table at the top of p. 511. At the end of Period 5, what is the status of this project (be specific)?3. Discuss a strategy that you would use to communicate the status of the project to stakeholders.4. Use Microsoft Excel to complete this item and include all calculations in your Excel file. Note that showing all calculations in Excel is required.Submit your Microsoft Excel file. Ensure that items 1 and 2 above are in the same Excel file but on different Sheets within the file.While APA style is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are not required to submit this assignment to Lopeswrite.

 
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Question 3 Benjamin Crook is the proprietor of Collins Home Entertainment Centre. Its operations include the sale of discount electrical goods, short-term rental of professional video cameras and reco

Question 3 Benjamin Crook is the proprietor of Collins Home Entertainment Centre. Its operations include the sale of discount electrical goods, short-term rental of professional video cameras and recorders as well as a wide range of video movies. The shop also stocks spare parts which are primarily used to service the rental equipment. In March 2021, a truck crashed into Benjamin’s business premises and he lodged an insurance claim for compensation. A breakdown of the amounts comprised in the claim is as follows: Damaged Premises $700,000 Electrical goods 75,000 Hire equipment 130,000 Rental movies 25,000 Spare parts 8,000 Loss of profits from temporary closure of the business 80,000 $1,018,000 After protracted negotiations he receives, and accepts, an offer from the insurance company of “$850,000 in full settlement of the claim”. No explanation is given of how the settlement amount has been calculated. (a) Benjamin Crook seeks your advice as to the assessability of the amount received. (HINT: Read Woellner, Chapters 6-800 to 6-910). (b) What difference (if any) would it have made to your answer if he received the full amount of the initial claim?

 
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ABC Limited manufactures and sells high-end fashion products. Its financial year-end is on 31 December. On 1 January 2019, ABC Limited entered into an agreement with XYZ Limited (‘XYZ’), an Italian ma

ABC Limited manufactures and sells high-end fashion products. Its financial year-end is on 31 December. On 1 January 2019, ABC Limited entered into an agreement with XYZ Limited (‘XYZ’), an Italian manufacturer, to lease a production machine, namely ‘The Queen’, for a term of four years commencing 1 January 2019 and ending 31 December 2022 for exclusive use. The expected useful life of The Queen is five years. ABC Limited is the first to introduce the machine to the Hong Kong market. According to the contract with XYZ, ABC Limited must follow all the safety instructions in operating the machine and the machine can only be used in Hong Kong. Furthermore, XYZ is permitted to substitute The Queen at any time during the contract period if the substitute machine can meet the specifications and is of better performance than The Queen, as stipulated in the contract. Besides, XYZ must substitute the production machine if the machine is not working. XYZ would be responsible for all the costs involved in the substitution (e.g. delivery and installation of the new machine).

The annual lease payment is $800,000 payable at the end of each year. ABC Limited’s incremental borrowing rate on the commencement date is 5% per annum. Initial delivery cost and installation of The Queen amounting to HK$1,170,000 would be borne by ABC Limited.

Answer:

a Explain whether the contract is, or contains, a lease with reference to the Hong Kong financial reporting and accounting standards. (35 marks)

b Determine the amount of right-of-use asset and lease liability to be recognized on the inception date. (18 marks)

c Prepare a table showing the movement of lease liability throughout the lease period. (18 marks)

d Prepare journal entries (without narratives) to record the transactions in relation to the lease in 2019. (29 marks)

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