Accounting Equation Dividend Calculation Homework Help
- November 24, 2017
- Posted by:
- Category: Accounting
Best UK USA UAE Australia Canada China Accounting Equation Dividend Calculation Homework Help Service Online
1.Boehm corporation has had stabke earnings growth of 8% a year for thee past 10 years and in 2013 Boehm paid dividends of $2.6 millions on net income of $9.8 million. However, in 2014 earnings are expected to jump to $12.6 million, and Boehm plans to invest $7.3 million in a plant expansion. This one time unusual earnings growth won’t be maintained, though, and after 2014 Boehm will return to its previous 8% earnings growth rate. Its target debt ratio is 35%.
a. Calculate Boehm’s total dividends for 2014 under each of the folowing policies:
1. its 2014 dividend payment is set to force dividends to grow at the long run growth rate in earnings.
2. It continues the 2013 dividend payout ratio
3. It uses a pure residential policy with all distribution in the form of dividends (35% of the $7.3 million investment is financed with debt)
4. It employs a regular divided plus extras policy, with the regular dividen being based on the long run growth rate and the extra dividend being set according to the residual policy.
b. Which of the preceding policies would you recommend? Restrict your choices to the ones listed, but justify your answer.
c. Does a 2014 dividend of $9 million seem reasonable in view of your answer to parts a and B? if not, should the dividend be higher or lower?
2.Ore Body Corp. (OBC) runs an open-pit copper mine on land leased from the provincial government. OBC constructed several outbuildings on the mine site at a total cost of $15 million, all of which were ready for use on January 1, 20X3.
• When OBC is finished mining, a term of the lease requires OBC to remove all buildings and remediate the land by creating a nature park. The estimated cost of removal and remediation is $8 million.
• OBC reports its financial results in accordance with IFRS. Its year end is December 31.
• OBC depreciates the buildings on a straight-line basis over the 10-year useful life of the mine. The expected salvage value is nil.
• OBC uses a discount rate of 6%, which is an appropriate rate for this type of obligation.
What is the net amount that OBC will report as an outbuilding asset on its statement of financial position as at December 31, 20X3?
3. Hughes Excavating Corp. (HEC) sold an excavator to Boon Docks Inc. (BDI). HEC agreed to accept $15,000 cash and a recreational property with a small cabin on it as payment for the excavator. Pertinent details follow:
• The sale of the excavator was incidental to HEC’s primary revenue-generating activities of excavating building sites.
• HEC reports its financial results in accordance with IFRS.
• The transaction is deemed to have commercial substance.
• HEC originally paid $130,000 for the excavator. Its net book value at the time of the exchange was $84,000.
• There is an active market for the excavator that HEC sold to BDI. Based on recent, similar transactions, the fair value of the excavator is estimated to be $96,000.
• The latest government-assessed value of the land and buildings was $90,000 —$60,000 allocated to land and $30,000 to the cabin. While government assessments are prepared for the purpose of assessing property taxes rather than estimating actual market values, they are frequently used to estimate relative fair values of the component parts. There have not been any recent sales of similar properties in the area.
When HEC prepares the journal entry to record the transaction, at what amount will the company debit the land account?
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to email@example.com
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email firstname.lastname@example.org should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to email@example.com and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
4.With regard to the Government Auditing Standards:
a. Differentiate among the different types of professional engagements.
b. Assume you are auditing a city that has a summer youth employment program. List some factors you might investigate in terms of
(1) financial statement audits and
(2) performance audits
5.Using the information prepare a schedule showing the status of the appropriation at the end of the first quarter.
Assume a federal agency has the following events:
1. Receives a warrant from the Treasury notifying the agency of appropriations of $2,400,000.
2. OMB apportions one-fourth of the appropriation for the first quarter of the year.
3. The director of the agency allots $590,000 to program units.
4. Program units place orders of $550,000.
5. Supplies ($100,000) and services ($320,000) are received during the first quarter. Supplies of $80,000 were used in the quarter.
Prepare any necessary journal entries to reflect the events described above. Identify whether the entry is a budgetary or proprietary type.
Product Code: ACC771
Looking for Accounting Equation Dividend Calculation Homework Help , please submit your details here with product code mentioned above.