Consider all questions below
1.In a certain department of a factory there are two shops. Total departmental overheads for a year are `1,20,000 and the estimated number of direct labour hour is 24,000 (10 men employed for 48 hours per week during 50 weeks in the year). From the particulars given below calculate the prime cost and works cost of a work order No. 54 which passes though both shops:
(1) Material consumed `1,000.
(2) Direct labor hours shop A -8hrs at '6.00 per hour
Shop B-5hrs 7.50 per hour
3) Works overheads are to be levied by means of a direct hour rate
2.How can consumer satisfaction be measured using perspectives of financial and non-financial measures.
3.What is just in time technique for managerial accounting.
4.How do you measure impact of managerial control on employees behavior
5.What are some alternative methods of measuring value of intangible assets
6.What impacts do managerial accounting for operation managers have in decision making and planning.
7.Discuss the need of database logical structures and their significance in effective management of database.
8.Why are retained earnings not distributed to shareholders in a public company.
9.State and explain when a company should report a balanced sheet
10.Why is volume a totally independent variable from price in the market
D Question 8 1 pts If the financial distress is temporary, it is called technical insolvency. If it is a permanent problem, it is called insolvency in bankruptcy. O True O False D Question 9 1 pts In U.S. bankruptcy law, Chapter 7 deals with business reorganization guidelines and Chapter 11 deals with liquidation procedures. O True O FalseApps ) New Tab CanipeWhitney 0 Shared with Sydney Following is a series of independent cases. In each situation, indicate the cash distribution to be made at the end of the liquidation process. Unless otherwise stated, assume that all solvent partners will reimburse the partnership for their deficit capital balances. a. The Simon, Haynes, and Jackson partnership presently reports the following accounts, Jackson is personaly insolvent and can contribute only an additional $10,000 to the partnership. Simon is also insolvent and has no available funds. $ 50,000 Liabilities 42,000 Haynes, loan 50,000 Simon, capital (40%) 36.000 Haynes, capital (2096) (26,000) Jackson, capital (40%) (52,000) Simon, Haynes, Capital Loan and Jackson. Capital Capital Beginning balances Contribution by Jackson Capital balances Elimination of Jackson's deficit Final distribution b. Hough, Luck, and Cummings operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the partnership's property. The partners have prepared the following balance sheet: Cash $ 40,000 Liabilities $ 36,000 Hough, loan 41,000 Luck, loan 30.000 Noncash assets 202,000 Hough, capital (50%%) 150,000 Luck, capital (40%) 26,000 Cummings, capital (10%) 41.000 Total assets $283,000 Total Habilities and capital $283,000 The firm sells the noncash assets for $100,000; it will use $41,000 of this amount to pay liquidation expenses, All three of those partners are personally insolvent. Allocation based on 50:40:10 for Hough, Luck and Cummings capital respectively. Hough, Loan and Luck, Loan cummings, and Capital Capital Capital Beginning balances Loss on disposal Liquidation exporises Capital balances Allocation of Luck's deficit Final distribution O Type here to searchC O extomheducation.com/rimipx Apps [ New Tab CamipeWhitney 1 Shared with Sydney c. Hough, Luck, and Cummings operate a local accounting firm as a partnership. After working together for several yours, they have decided to liquidate the partnership's property. The partners have prepared the folowing balance sheet 540 000 Liabison $ 30,000 Cash 30,000 Hough, loan 41000 Luck, loan 150,000 Noncash ajob 202 000 Hough, capital Luck, capital 241000 Cummings, capital 41 040 Total mascots $20 007000 Toil Habilrios and capital $283,000 Assume that the profits and losses are split 2:4:4 to Hough, Luck, and Cummings, respectively, and that quidation expenses are only $26,000. The firm sells the noncash assets for $100,000; All three of thong partners are personally insolvent. (Do not round intermediate calculations. ] Hough, Luck, Loan Cummings, Loan and and Capital Capital Capital Beginning balancing Lose on disposal Liquidation expenses Capital balances Allocation of Cummings' deficit balance Capital balances Allocation of Luck's deficit balance Final distribution d, Following the liquidation of all poncash astols, The parmership of Redmond, Ledbetter. Watson, and Sandridge has the following account balances Redmond, loan Rodmond, capital post 181 000) Ledbatter, social CION] Hutton, capital (30) 5000 Sandridge, capital MOT 35090 Redmond is personally intoivent Redmond, Loan and Ledbetter, Watson, Sandridge, Capital Capital Capital Capital Mlocation of Redmond's deficit balance Capital balances Contribution by Ledbuffer and Watson Final distribution Plotarences .Book & Resources Problem liquidation Lolming Objective: 15-01 Determine amounts to be puld to partner Type here to search e 9Question 3 Some researchers who utilise Legitimacy Theory posit that organisations will attempt to operate within the terms of their 'social contract". What is a social contract? Question 4 In 2006 the Australian Government established an inquiry into corporate social responsibilities with the aim of deciding whether the Corporations Act should be amended so as to specifically include particular social and environmental responsibilities within the Act. At the completion of the inquiry it was decided that no specific regulations would be added to the legislation, and that instead, 'market forces' would be relied upon to encourage companies to do the 'right thing' (that is, the view was expressed that if companies did not look after the environment, or did not act in a socially responsible manner, then people would not want to consume the organisations' products, and people would not want to invest in the organisation, work for them, and so forth. Because companies were aware of such market forces they would do the 'right thing' even in the absence of legislation). You are required to explain the decision of the government that no specific regulation be introduced from the perspective of: 1. Public Interest Theory 2. Capture Theory 3. Economic Interest Group Theory of regulation.Question 1 (1 point) 3 Indicate (by number) how the component items listed below would appear in sequence on the US 1040 as described in the chapter notes. Adjusted Gross Income Adjustments to income (special deductions allowed to either itemizers or 9 non-itemizers) Total Income 12 Computed Income Tax Liability for the year Income Tax Liability after Nonrefundable Credits 15 Standard Deduction or Itemized Deductions Taxable Income Income Taxes Paid and Refundable Credits Taxes Due or Refund to be Received
