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ABC Electronics and Home Appliances LLC started business in Oman in the year 2015. The company purchased different types of Electronics and Home appliances products from a Manufacturer and sells across Oman. Assuming that you have been appointed as an Accountant in the business. Your duty is record day to day transactions and finalize the accounts at the end of the year. Required: a) Explain in detail different types of documentation that the business would expect to change hands in purchase, sales, purchase returns and sales returns ete. b) Show the model of atleast one Credit Sales invoice, Purchase invoice, Debit note and Credit note. (you can use imaginary figure) c) What are policies for trade discount/cash discount, Is there any products are subject to trade discount and why? Explain the terms and conditions in detail.

Practical Activity: Do a short research project on the types of funds that fallunder the auspice of the Pension Funds Act. Identify well-known retirement funds that fallwithin these categories and obtain information about their registration in terms of thePension Funds Act.

ABC Electronics and Home Appliances LLC started business in Oman in the year 2015. The company purchased different types of Electronics and Home appliances products from a Manufacturer and sells across Oman. Assuming that you have been appointed as an Accountant in the business. Your duty is record day to day transactions and finalize the accounts at the end of the year. Required: documentation that the business would expect to change a) Explain in detail different types hands in purchase, sales, purchase returns and sales returns etc. b) Show the model of atleast one Credit Sales invoice, Purchase invoice, Debit note and Credit note. (you can use imaginary figure) c) What are policies for trade discount/cash discount, Is there any products are subject to trade discount and why? Explain the terms and conditions in detail.

At a recent board meeting of Co., a non-executive director suggested that the company’s remuneration committee should consider scrapping the company’s share option scheme, since the executives could be rewarded by the scheme even when they do not perform well. A second non-executive director had a view that, even when the executives act in ways which decrease the agency problem, they might not be rewarded by the share option scheme if the stock markets were in decline.  REQUIRED:  Explain the nature of the agency problem and discuss the use of share option schemes and performance-related pay as methods of reducing the agency problem in a stock-market listed company.

Subject: Prince Georges County Maryland. Need the following answered - Brief introduction to the ACFR - Highlight the total revenue for the fiscal year - Highlight the total expenditures - Mention the net position at year-end - Include a note on any major capital projects or debt issuance - Present the specific item of interest you found in the ACFR report - Discuss its significance or impact on the county's finances - Include relevant figures or percentages to quantify the importance - Provide a graphical representation if possible (e.g., a bar chart or pie chart to illustrate budget allocation or revenue sources)

According to the Real Estate Settlement Procedures Act (RESPA), which of the following information is required for a completed application for an extension of credit? A) A bank statement B) The purchase contract C) The borrower's date of birth D) The mortgage loan amount sought

Read the Wall Street Journal article, "Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX Crisis." This lawsuit is a great example of "shareholder activism." Boeing's shareholders took action when they felt the management failed to maximize their long-term value, and the board of directors failed to fulfill its fiduciary obligation to protect the interests of the shareholders. Respond to the following questions based on theories and concepts in Chapter 9. Q3-1. What are the role and duties of the broad of directors in corporate governance? Assuming Boeing shareholders' complaints are true in this lawsuit, in what ways did Boeing's board fail to fulfill its fiduciary duties to the shareholders? Q3-2. Assuming the shareholders' complaints are true, what are some likely reasons that Boeing's board failed to effectively fulfill its duties? Q3-3. We learned in Chapter 9 the importance of making sure the management acts in the best interests of shareholders. After reading the…

Gadget King Corporation manufactures personal computers, tablets and mobile phones. The company began operations in 2015 and reported profits for the years 2015 through 2018. Due primarily to increased competition and price slashing in the industry, 2019’s income statement reported a loss of P15,000,000. Just before the end of the 2020 financial year, a memo from the company’s chief financial officer to Hendrick Cruz, the company controller and Nathan Santos, the company director for finance, included the following comments:   If we don’t do something about the large number of unsold computers, tablets and mobile phones already manufactured, our auditors will require us to write them off. The resulting loss for2020 will cause a violation of our debt covenants and force the company into bankruptcy. I suggest that you ship half of our inventory to Bilis Benta, Inc., in Quezon City. I know the company’s president and he will accept the merchandise and acknowledge the shipment as purchase.…

For each of the following, journalize the necessary adjusting entry: (a)  A business pays weekly salaries of $22,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that

4- Cash flow statement of any company shows the net cash inflow and outflow during a period of time. Which of the following activities are considered while making cash flow statement? a. Cash flow from investing activities b. All of the options c. Cash flow from financing activities d. Cash flow from operating activities

You are required to assess key functions including risk management and compliance for the Bank of America, and present a written report based on the Bank of America on the following in 2,000 words:  Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the institution (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, the institution’s approaches/ strategies to combat money laundering and terrorist financing issues.  Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that the financial institution must be compliant with.

Plan for potential investors for 39 Storage https://www.39storage.com/ (This Company) Cover these points below Identify the problem to be solved. Introduce your solution to the problem. Discuss your beginning traction for getting sales. Identify the target market. Explain the costs of acquiring customers in your target market. Communicate the value proposition relative to competitors. Describe the basics of the revenue model. Provide financial projections, along with the assumptions. Sell the team. Identify your funding needs, and explain the use of the funds (the investment price must be stated) Describe possible exit strategies—how the investors may be able to cash out. End on a high note—remind investors why your product/service/team is so great.

"Investment and Insurance Products: Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value Services provided by the following affiliates of Truist Financial Corporation (Truist): Banking products and services, including loans and deposit accounts, are provided by Truist Bank, Member FDIC. Trust and investment management services are provided by Truist Bank, and Truist Delaware Trust Company. Securities, brokerage accounts and /or insurance (including annuities) are offered by Truist Investment Services, Inc., and P.J. Robb Variable, LLC., which are SEC registered broker-dealers, members  FINRA, opens in new tab SIPC, opens in new tab and a licensed insurance agency where applicable. Investment advisory services are offered by Truist Advisory Services, Inc., GFO Advisory Services, LLC, Sterling Capital Management, LLC, and Precept Advisory Group, LLC, each SEC registered investment advisers. Sterling Capital Funds are advised by Sterling Capital…

If all transactions and record keeping are done according to accounting standards, Triple D can do a reconciliation at month end.  Indicate whether the following statement is true or false: To be sure that the transactions are correct during the reconciliation process, the balance of the debtors list and the Debtor Control account should never agree. True False

Shows the steps needed for recording the sales, sales return, and receipts from the debtors using UBS.

109 Which of the following loan types may be considered a qualified loan under ability-to-pay rules? A) An interest-only mortgage B) A loan with a balloon payment C) A loan with negative amortization D) A mortgage with an adjustable rate

The stockholders' equity section of Brent Corporation's balance sheet as of December 31, 2016 Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares;                 issued, 400,000 shares                                                        $2,000,000 Paid in capital in excess of par                                                           $850,000 Retained Earnings                                                                                 $3,000,000 Total                                                                                                        $5,850,000 The following events occurred during 2017: 1.) Jan 5    10,000 shares of authorized and unissued common stock were sold for $9 per share. 2.) Jan 16    Declared a cash dividend of 40 cents per share, payable February 15 to stockholders of record on February 5. 3.) Feb 11   40,000 shares of authorized and unissued common stock were sold for $11 per share. 4.)Apr 1   A two-for-one split was…

Which of the following hindered the development of a secondary market for mortgages in the early 20th century? Check all that apply. Institutional investors were not interested in small non-standardized financial instruments. Institutional investors avoided dealing with financial instruments backed by the federal government, such as mortgages Institutional investors could not assess the default risk of every single mortgage It was impossible to turn illiquid assets such as real estate into liquid financial instruments. Which of the following helped foster the development of a market for collateralized debt obligations (CDOs) and collateralized mortgage obligations (CMOS) in the 2000er Check all that apply. Estashment of the Government National Mortgage Association (Ginnie Mae) and the Federal Home Loan Mortgage Corp (Freddie Mac) Establishment of the Federal National Mortgage Association (Fannie Mae) Inflows of foreign capital Development of mathematical models to price CDOS and CMOS

This type of investment company does not charge a load to its investors but the investors often pay a share price that is NOT equal to NAV. A. Mutual fund B. Closes-end fund C. Exchange-traded fund (ETF)

According to the TILA-RESPA Integrated Disclosure rule (TRID), which of the following parties is responsible for providing the Loan Estimate? A) The real estate broker B) The lender C) The loan servicer D) The closing agent

Bill Lewis, manager of the Thomas Electronics Division, called a meeting with his controller, Brindon Peterson, and his marketing manager, Patty Fritz. The following is a transcript of the conversation that took place during the meeting: Bill: Brindon, the variable costing system that you developed has proved to be a big plus for our division. Our success in winning bids has increased, and as a result our revenues have increased by 25%. However, if we intend to meet this year’s profit targets, we are going to need something extra—am I right, Patty? Patty: Absolutely. While we have been able to win more bids, we still are losing too many, particularly to our major competitor, Kilborn Electronics. If we knew more about their bidding strategy, we could be more successful at competing with them. Brindon: Would knowing their variable costs help? Patty: Certainly. It would give me their minimum price. With that knowledge, I’m sure that we could find a way to beat them on several jobs,…

1. Cash flow concerns: The CEO of Mudge Paper Company, Jimmy Cricket, expressed concerns about tying up too much of the company's cash flow in the Bart's Office Supplies contract. This bias may have influenced his decision-making process when considering the extension of credit terms and credit limits. 2. Skepticism about Bart's payment history: The CEO's skepticism about Bart's payment history, specifically their tendency to pay invoices every 60 days instead of the agreed-upon 30 days, may have influenced his reluctance to extend credit terms and credit limits. 3. Fear of losing the Bart's account: The CEO may have been biased towards keeping the Bart's account, as they are a large and important customer for Mudge Paper Company. This bias may have influenced his decision-making process when negotiating the new sales contract with Bart's. 4. Over-reliance on Lauren Becall: The CEO may have placed too much trust in Lauren Becall, the top salesperson for Mudge Paper Company and the…

It is less common to confirm accounts payable at an interim datethan accounts receivable. Explain why

Explain the 5C analysis that determine whether the clients will be able to repay the loan and interests in the future.

Capstone analytical review of Chapters 2, 3, and 4. Calculate liquidity and profitability measures and explain various financial statement relationships for a realty firm DeBauge Realtors Inc. is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation’s stock.The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Commissions revenue $426, Cost of services provided $177, Advertising expense $84, Operating income $165, Interest expense $15, Income tax expense $48, Net income $102. At December 31, 2019: Assets Cash and short-term Investment $90, Accounts receivable, net $120, Property, plant, and equipment, net $375, Total assets $585, Liabilities and Stockholders’ Equity, Accounts payable $270, Income taxes payable $15, Notes payable (long term) $150, Paid-in capital $60, Retained earnings $90, Total liabilities and stockholders’ equity $585. At December 31,…

B. Demonstrate how the credit risk management issue(s) in the Washington Mutual case can be resolved through the application of a risk management model

Explain the validity, reliability and/ or trustworthiness in the business model of netflix

On January 1, 20X4, Gold Company purchased a computer with an expected economic life of five years. On January 1, 20X6, Gold sold the computer to TLK Corporation and recorded the following entry Consolidation Worksheet Entries Cash Accumulated Depreciation Computer Equipment Gain on Sale of Equipment Debit 39,000 Credit 16,000 40,000 15,000 TLK Corporation holds 60 percent of Gold's voting shares. Gold reported net income of $ 45,000 including the gain on the sale of equipment, and TLK reported income from its own operations of $ 85,000 for 20x6. There is no change in the estimated economic life of the equipment as a result of the intercompany transfer. In the preparation of the 20X6 consolidated balance sheet, computer equipment will be Multiple Choice Credited for $24,000. O Debited for $1,000. Debited for $15,000 Debited for $ 40,000

Provide two examples of when an auditor might set a lower levelof performance materiality for a particular class of transactions, account balance, ordisclosure