Calculate the PAYG instalment income and the instalment due to the ATO. Complete the BAS Summary boxes below. Using a general journal format, explain how the payment transaction would be recorded in the accounting system. Supplies you have made Total sales & income & other supplies including capital (GST inclusive) G1 Exports Other GST-free supplies Input taxed sales & income & other supplies ADD G2 + G3 + G4 G1 minus G5 G6 Adjustments (must be total transaction value, i.e. GST inclusive) ADD G6 + G7 Divide G8 by eleven G9 66 191 728 100 G2 G3 Acquisitions you have made Capital acquisitions (GST inclusive) All other acquisitions (GST inclusive) ADD G10 + G11 Acquisitions for making input taxed sales & income & other supplies Acquisitions with no GST in the price Total estimated private use of acquisitions + non-income tax deductible acquisitions ADD G13 + G14 + G15 G7 G8 0 728 100 G12 minus G16 Adjustments (must be total transaction value, i.e.
Chapter 8: Date placed in service (see concept summary 8.1 in the text). The applicable system of depreciation or cost recovery is dependent on the date the property is placed in service. The small business jobs act of 2010 extended 50% additional first-year depreciation for qualified property acquired and placed in service before january 1, 2011. The tax relief act of 2010 extended additional first-year depreciation for qualified property acquired and placed in service before january 1, 2013. The percentage is 100% for property placed in service after september 8, 2010 and before january 1, 2012.
Retained earnings increase by $597.00 they raised from $11,767.00 to $12,364.00, an increase approximately of 5.07% And what was the Net Income for the year 2011? The Net income for
2. I utilized an “Acid Test Ratio” which shows us whether the entity could pay all its current liabilities if they became due now or sooner than expected. In 2011, the acid test ratio was 0.64. By 2012, it decreased to 0.43. Even though the acid-test ratio is less than 1 which rates in the lower third quartile in the industry of 1.6, 0.9 to 0.6, it indicates a concern with repaying current liabilities.
As a sale manager you can retrieve the first profit by other mean, including decreasing cost in administration (redundancy). Admin cost = 25000 Drop profit = 1285.8787 New admin cost = 23714.1213 That means the administration cost will be reduce at about 5.14 %. Task6 Consider the effects of the following deviations upon the Master Budget: 1. A 2.5% increase in materials costs 2. A 6% increase in Electricity costs.
The retained earnings statement reconciles the beginning and ending balances of the retained earnings. Some organizations sometimes combine it with the income statement. The final amount of the retained earnings is the ending balance, which indicates why the earnings may have increased or decreased for that period. If there is a net loss, the loss is deducted from the dividends in the retained earnings (Weygandt, 2008). As for the balance sheet, it shows the assets, liabilities, and stockholder’s equity for a specified date.
Stimulation Review Cost cutting measures are the first portion of the simulation. These measures are implemented by a company to improve profitability and reduce expenses. Cost cutting measures may include reducing employee pay, lay off of employees, downsizing to a smaller building, changing hours of service, or changing to a less expensive health insurance employee plan ("Investopedia", 2015). Gilbert Sanchez set a target for cost saving in the amount of 900,000 in the first year. The EHC will receive $2,300,000 from managed care companies and Medicare in three months, but the shortfall at the business must be resolved first.
d) The equilibrium interest rate increases to bring desired investment into equilibrium with the reduced quantity of national saving. e) The equilibrium quantity of investment is reduced via the increase in the interest rate by an amount equal to the increase in government spending. Question 5 (15 marks) a) capital is added. No, MPK does not diminish because it does not decline as more is also acceptable. b) L = 100: L = 110: L = 120: 0. .
Net initial investment outlay is $302,040. (Cost of new system + Installation) + (Proceeds from old equipment + Tax on proceeds + Removal cost) = Total cost + NCF (old) = 303,000 +-960 2. Tax depreciation savings = (36% tax rate) x (depreciation of each year) Depreciation for each year based on MACRS 5-year (Wikipedia) 3. Incremental cash flows = (Deprn. Tax savings + A.T. cost savings) each year [pic]2.
The below table shows the appropriate calculations and formulas, that we have to follow to find Stock Price of HS. HYDROSTAR | | Dividends ($320.000* 2) | $640.000 | Shares ( 150.000 *2 ) | 300.000 | EPS | $5,08 | DPS (Do) (Dividends/ No of Shares) | $2,13 | Dividend Payout Ratio (d) ( DPS/EPS) | 41,99% | Retention Ratio (RR) (1 – d) | 58,01% | ROE | 25,00% | g (RR*ROE) | 14,50% | R (ks) (according to Sarah’s assumption) | 20,00% | Stock Price (Po) [ Do* (1+g ) / ks - g ] | $44,42 | 2. Under Jim’s Assumptions which is the estimated price : Assumptions: a) technological advantage of HS will last only for 5 years ( g= 14 ,5% ) b) after 5 years the company’s growth rate will likely slow to the industry average. Here, we have to find Industry’s average growth rate ( g = RR*ROE ). The average EPS of the Industry given is $0, 64, including the negative EPS of Belina Gas that has written off its account receivables last year.