Final Exam Paper for Accounting 4001 NET
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Final Exam Paper for Accounting 4001 NET
Name
16 points for the first problem
On December 31, 2018, Zeno Incorporated has 6,000,000 shares of common stock outstanding. On April 1, 2019, an additional 1,000,000 shares of common stock were issued, followed by 500,000 more on July 1, 2019. Zeno issued 25,000 $1,000 face value 8 percent convertible bonds on March 1, 2019. Each bond entitles the holder to ten shares of common stock. In 2019, no bonds were converted into common stock. The tax rate is 25%, and the net income after taxes is $15,000,000. Calculate the EPS and DEPS. All computations for the numerators and denominators should be displayed.
16 points for problem 2
On 1/1/19, Post Co records a finance lease of machinery as a lessee. The $210,000 annual lease payments are made at the end of each year. At 10%, the present value of the lease payments is $1,022,400.
Prepare a lease amortization schedule for the period of January 1, 2019 to December 31, 2020.
Prepare notebook entries from January 1, 2019 to December 31, 2020.
All computations will be displayed.
9 points for problem 3
On January 1, 2019, Bronks Co. has $160,000 in pension plan assets and PBO. The total cost of service for the year was $40,000. During the year, it contributed $30,000 and paid out $20,000 in benefits. The interest rate was set at 10%. The actual profit was $15,000 dollars. Calculate the end-of-year pension expense, PBO, and PA.
Display the results of your calculations. You can utilize a pension worksheet if you want to.
9 points for problem 4
X and Y invest $100,000 and $50,000, respectively, in a partnership and agree to a net income split that includes a 10% interest allowance on the original investments, $12,000 and $24,000 in salary allowances, and the rest divided evenly. What percentage of a $60,000 monthly net income would go to X and Y? Display the results of your calculations.
9 points for problem 5
Chico and Dino have capital balances of $35,000 and $30,000, respectively, and split net income and losses in a 7:3 ratio. Filo contributes $35,000 to the partnership in exchange for a one-fourth share. If you’re using the bonus technique, make a journal entry.
Display the results of your calculations.
6 16 POINT PROBLEM
As of December 31, 2018, the ABC Partnership has chosen to close its doors. The following data was obtained from the balance sheet that was created on the termination date:
For $750,000, all non-cash assets were sold. (Hint: total all non-cash assets on your worksheet as $1,000,000.) All debts were settled. All of the partners are financially secure.
Make a spreadsheet that shows the sale of assets, the payment of bills, and the distribution of profits to partners. All computations will be displayed.
Problem 7 is worth 25 points.
On November 1, 2015, Choy Co. purchased rice from China for 150,000 renminbi (r). The deadline for payment is January 30, 2016. Choy also purchased 150,000 renmimbi through a 90-day forward contract with an exchange broker. The following were the rates:
Forward Rate Forward Rate Forward Rate Forward Rate Forward Rate Forward Rate Forward Rate Forward Rate Forward Rate Forward
$0.120 $0.126 – 90 days November 1, 2015
$0.124 $0.129 30 days December 31, 2015
$0.127 on January 30, 2016
a) On the transaction, balance sheet, and settlement dates, record all journal entries. Display the results of your calculations.
b) How much money has Choy made or lost as a result of these transactions? Display the results of your calculations.
Cash
a million dollars
Liabilities
80,000 dollars
Accounts Receivable (net)
240,000
Capital letter A (30 percent )
580,000
Inventories
180,000
Capital B (20 percent )
360,000
Fixed Assets are assets that cannot be changed (net)
580,000
C stands for capital (50 percent )
80,000
Liabilities Total
Assets in Total
$1,100,000
Capital
$1,100,000
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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