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4 years ago

Different between internal stakeholder and external stakeholder

1 answer:

8 0

Internal stakeholders are entities within a business (eg. employees, managers, the board of directors, investors). External stakeholders are entities not within a business itself but who are about or are affected by its performance. (eg. consumers, regulators, investors, suppliers)

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Question 2

Gnesinka [82]

Answer:

Check the explanation

Explanation:

S.no. Date Particulars Debit ($) Credit($)

1. 31.03.2020 Bank A/c Dr 2800000

To Equity Share Application A/c Cr 2800000

(Being Application Money received on Shares)

2. 01.04.2020 Equity Share Application A/c2800000

To Share Capital A/c Cr 2000000

To Share Allotment A/c Cr 800000

(Being allotment made to shareholders)

3. 01.04.2020 Equity Share Allotment A/c 2000000

To Equity Share Capital A/c Cr 2000000

(Being allotment amount transfer to capital account)

4. 01.04.2020 Bank A/c Dr 1200000

To Equity Share Allotment A/c Cr 1200000

(Being Balance allotment amount received)

5. 01.04.2020 Share Issue Expenses A/c Dr 10000

To Bank A/c Cr 10000

(Being Share issue Expenses paid)

6. 30.06.2020 Bank A/c Dr 450000

To Share Capital A/c Cr 450000

(Being Right Share Issued)

7. 01.10.2020 Bank A/c Dr 250000

To Share Capital A/c Cr 250000

(Being Options given to shareholders)

8. 01.10.2020 Share Expenses A/c Dr. 50000

To Bank A/c Cr. 50000

(Being Option cost 50cents per share paid)

9. 30.11.2020 Interim Dividend A/c Dr 120000

To Bank A/c Cr 120000

(Being Interim Dividend Paid)

3 0

3 years ago

In taking a physical inventory at the end of Year 1, Grant Company forgot to count certain units and understated ending inventor

Rina8888 [55]

Answer:

a. Overstates Year 1 cost of goods sold.

b. Understates Year 1 net income

c. Understates Year 2 cost of goods sold

Explanation:

a. The formula for Calculating the Cost of Goods sold is;

Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.

If the closing inventory is understated, it will reduced the amount being subtracted from Purchases and Opening inventory which would means that Cost of Goods sold will be overstated.

b. The Cost of goods sold is deducted from sales to give Gross profit. If Cost of goods is overstated, it will reduce Gross Profit higher than it should. A lower Gross Profit equates to a lower Net Income.

c. Going by the formula in a;

Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.

In Year 2, the understated Year 1 closing stock will become the understated Year 2 Opening stock. With the opening stock understated, the Cost of goods will be understated as well because Opening stock is meant to increase Cost of goods sold as the formula shows. If it is understated, the amount that it will add will be understated as well.

4 0

3 years ago

d (i). Suppose that ZX Inc. is currently selling at $50 per share. You buy 200 shares, using $5,000 of your own money and borrow

strojnjashka [21]

Answer:

-21%

Explanation:

Initial share price = $50

Share price after 1 year = $46

net return = (200 x $46) - $10,000 - ($5,000 x 5%) = $9,200 - $10,000 - $250 = -$1,050

rate of return of margined position = -$1,050 / $5,000 = -0.21 = -21%

when you operate on the margin, your earnings can increase or decrease dramatically. In this case, an 8% price decrease resulted in a 215 lose.

8 0

3 years ago

Comparative balance sheets for Pina Colada Corp. are presented as follows. Pina Colada Corp. Comparative Balance Sheets December

DerKrebs [107]

Answer and Explanation:

The Preparation of cash flows for 2020 using the indirect method is shown below:-

Cash flow from Operating Activities

Net income $134,100

Add: Adjustments to reconcile net income

Add; Depreciation on property, plant and equipment $25,000 ($66,250 - $41,250)

Less: Increase in Accounts receivable ($8,300) ($84,350 - $76,050)

Add: Decrease in Inventory $7,750 ($180,500 - $188,250)

Less: Decrease in Accounts payable ($12,950) ($33,400 - $46,350)

Net cash provided by Operating Activities $145,600

Cash flow from Investing Activities

Add:Sale of Land $24,850

Less: Purchase of equipment ($49,800) ($249,600 - $199,800)

Net cash used in Investing Activities ($24,950)

Cash flow from Financing Activities

Issue of common stock $48,900

Less: Redemption of bonds ($50,700)

Less: Dividend paid ($68,300)

Net cash used in Financing Activities ($70,100)

Net increase in Cash and Cash Equivalents $50,550

Cash in the beginning of the period $22,400

Ending cash balance for the year $72,950

7 0

3 years ago

Claudine Corporation will deposit $5,700 into a money market sinking fund at the end of each year for the next five years. How m

valkas [14]

Answer:

Accumulated amount at the end of the fifth year = $34,112.85

Explanation:

Sinking Fund involves saving an series of equal amount periodically invested at certain rate of interest to accumulate a target amount in the future. The target amount might be for the purpose of financing a specific capital project or loan repayment.

Where an equal deposit is invested the sum accumulated (deposit plus interest earned) at the end of the final period is known as the Future Value (FV) of the sinking fund.

The FV is determined as follows:

FV = A × ((1+r)^(n) - 1)/n)

where FV- future value, A- annual cash flow, r-rate of return, n- number of years.

In this question, we have the details as follows;

FV-?, A-5,700, r- 9%, n- 5

So we can determine the FV;

FV = 5,700 × ((1+0.09)^(5)- 1)/0.09

FV = 5,700 × 5.9847

FV = 34,112.85

Accumulated amount at the end of the fifth year = $34,112.85

8 0

3 years ago