Unit 5 - Business Accounting

This document contains workings, explanations and solutions to the MAC3701 Assignment 2 Semester 1 2023. For assistance call or whatsapp us on 065 505 3119 ............................................. QUESTION 1 (100 Marks) BevSoft Drinks Ltd (“BevSoft”), situated near Springs in the Gauteng Province, is one of the leading energy drink and effervescent tablet manufacturers in the East rand operating in a fiercely competitive market. The company operates two divisions namely the Energy drin...

Which of the following professions has the highest projected employment for 2024? 1 / 1 point Economist Teacher Financial Advisor Truck driver Correct • Which of the following is NOT a learning objective in this course? 1 / 1 point How we incentivize people to get things done How to make money Regulating financial markets Applying psychology and sociology to finance Correct While you may learn this as a result, learning how to making ...

MAC3701 Assignment 2 Semester 1 2023 Answers, guidelines, workings and references. ......................................... QUESTION 1 (100 Marks) BevSoft Drinks Ltd (“BevSoft”), situated near Springs in the Gauteng Province, is one of the leading energy drink and effervescent tablet manufacturers in the East rand operating in a fiercely competitive market. The company operates two divisions namely the Energy drink division (EDD) and the Effervescent tablet division (ETD). BevSoft’s head...

MAC3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (622981) - DUE 18 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... QUESTION 1 (100 Marks; 180 Minutes) Shesha Nami (Pty) Ltd (SN) is a well-established electronic bicycle manufacturing company operating from its plant and distribution centre in Middelburg (Mpumalanga), South Africa. The company has a male-dominated management team and is well known for its quality ...

Summary of the papers Lecture 2: Performance Measures Moers, F. 2006. Performance Measure Properties and Delegation. The Accounting Review 81(4): 897-924. Campbell, D. 2008. Nonfinancial performance measures and promotion-based incentives. Journal of Accounting Research 46(2): 297-332. Abernethy, M.A., J. Bouwens, and L. van Lent. 2013. The role of performance measures in the intertemporal decisions of business unit managers. Contemporary Accounting Research 30(3): 925-961 Lecture 3: Subjecti...

Question 2 Not yet answered Marked out of 1.00 Flag question Question text The following information was obtained from the accounting records of SA Attorneys: On 1 April 2022, A South, a client of the practice, handed a cheque to the amount of R100 000 to Mr Africa and requested him to invest the money in a fixed deposit account at ABC Bank until the money is paid over for a property transaction. Which one of the following statements is incorrect for the above type of investment? Select one:...

Unit 5 P5 M2 D2, P5 – Perform ratio analysis to measure the profitability, liquidity and efficiency of a given organisation M2 – Analyse the performance of a business using suitable ratios D2 – Evaluate the financial performance and position of a business

CLC 056 (7 sets for the final exams) Analyzing Contract Costs Exam Back to Status page contains 55 Questions 1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on the circumstance? [Recognize concerns that affect the other direct costs proposed] Travel Direct Material G&A Overhead Utilities 2) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other dire...

Unit 5 P1 – Describe the purpose of accounting for an organisation

In this assignment I analysed the cash flow problems a business might experience. Furthermore, I justified the actions a business might take when experiencing cash flow problems. This assignment fully meet the criteria imposed by the teacher and also by the assignment brief.

2025 Residential Exam Prep | Comprehensive Questions, Verified Answers, and Rationales | Achieve A+ Success with Confidence! Mortgage penalties - ANS if borrower repays mortgage before end of term, lender is entitled to compensation. Three month interest penalty = outstanding Balance x (annual int. rate/12 month) x 3 months interest rate differential (IRD) IRD=(annual int. rate - current int. rate)/12 X months remaining in Mortgage term Lenders uses whichever method is higher Hi...

Real Estate Final Exam Prep 2024: Updated Questions with 100% Verified Answers for Top Results and Guaranteed A+ Success! Both brokers and managing brokers must take continuing education courses, so long as they are actively licensed. Inactive licensees do not need to comply with the continuing education requirement, although a 30-hour class is required in order to reactivate a license that has been inactive for more than 3 years. A Washington Real Estate broker takes a listing for a waterf...

California Contractors License Exam : Ultimate Study Guide with Verified, Updated Questions and Answers What are unlicensed subcontractors considered when working on your job? - ANS Statutory employees. This means you can be held accountable for federal and state taxes that must be paid. Where must employers report all newly hired employees? - ANS New Hire Reporting Program within 20 days Who is responsible for obtaining Worker's Compensation Insurance? - ANS The employer. Businesse...

Circular 230 - Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - The release of tax information by an IRS employee. Due Diligence - Requirements that tax professionals must follow when preparing income tax returns. Noncompliance - Failure or refusal to comply with the tax code. Privilege - Protection from being required to disclose confidential communications between two parties, suc...

1. What is a conceptual framework? Why is a conceptual framework necessary in financial accounting? - ANS 1. A conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature, function, and limits of financial accounting and financial statements. A conceptual framework is necessary in financial accounting for the following reasons: (1) It enables the FASB to issue more useful and consistent standa...

TABLE OF CONTENTS PART 1: The Legal Environment of Business C h. 1 An Introduction to the Fundamentals of Dynamic Business Law Ch. 2 Business Ethics and Social Responsibility Ch. 3 The U.S. Legal System and Alternative Dispute Resolution Ch. 4 Administrative Law Ch. 5 Constitutional Law Ch. 6 Criminal Law and Business Ch. 7 Tort Law Ch. 8 Real, Personal, and Intellectual Property PART 2: Contract Law Ch. 9 Introduction to Contracts and Agreement Ch. 10 Consideration Ch. 11 Capacity and Legality ...

TABLE OF CONTENTS PART 1: The Legal Environment of Business C h. 1 An Introduction to the Fundamentals of Dynamic Business Law Ch. 2 Business Ethics and Social Responsibility Ch. 3 The U.S. Legal System and Alternative Dispute Resolution Ch. 4 Administrative Law Ch. 5 Constitutional Law Ch. 6 Criminal Law and Business Ch. 7 Tort Law Ch. 8 Real, Personal, and Intellectual Property PART 2: Contract Law Ch. 9 Introduction to Contracts and Agreement Ch. 10 Consideration Ch. 11 Capacity and Legality ...

UAMS Lab Management Quiz 3 Questions and Answers What is a revenue center? An area of the organization which is responsible for generating a percentage of the total revenues expected by the organization. What is a cost center? A unit within the organization whose primary purpose is to provide a service at the least possible cost. What are direct costs? Those that are specifically associated with a particular service or process. What are some examples of direct costs? ...

Define Business Process - correct answer Set of tasks or activities that produce desired outomces What is a financial accounting process? - correct answer Track the financial impacts or process steps with goal of meeting legal reporting requirements What is a management accounting process? - correct answer They focus on internal reporting to manage costs and revnues What is the...

FIU Accounting Entrance Exam Questions with Correct Solutions Latest Version Assets - Liabilities - Equity = _____ - Answers 0 Original Value of an asset - Answers Cost basis Business will continue to operate in the near future - Answers Going Concern Principle we report in the stable monetary currency of the country - Answers Monetary Unit Assumption owner's actions are different than the business and kept separate - Answers Economic Entity Assumption you can divide the company into...