ACCG101 Lecture Notes - Lecture 6: Share Capital, Australian Company Number, Call Money

33 views20 pages

scarletsquirrel639

19 Jun 2018

School

Macquarie University

Department

Accounting and Corporate Governance

Course

ACCG101

Professor

Rajni MALA

For unlimited access to Class Notes, a Class+ subscription is required.

Companies – Part I (Ch. 16)

ACCG101 – Week 6

2015 Session 1 – Stanley & Rajni

find more resources at oneclass.com

Unlock document

This preview shows pages 1-3 of the document.
Unlock all 20 pages and 3 million more documents.

Already have an account? Log in

Learning Objectives

1. describe the different types of companies permitted to exist by law

in the Australian business environment

2. summarise the advantages and disadvantages of the corporate

form of organisation (pp. 668–72)

3. identify the management structure commonly used for

administering a company (pp. 672–5)

4. describe the three main categories of equity in a company (pp.

675–7)

5. account for the issue of shares (pp. 677–85)

find more resources at oneclass.com

Unlock document

This preview shows pages 1-3 of the document.
Unlock all 20 pages and 3 million more documents.

Already have an account? Log in

COMPANIES

•A company is defined in the Corporations Act (2001) as

a legal entity or artificial person separate and distinct

from its owners.

•The administration of all companies is carried out by the

Australian Securities and Investments Commission

(ASIC).

find more resources at oneclass.com

Unlock document

This preview shows pages 1-3 of the document.
Unlock all 20 pages and 3 million more documents.

Already have an account? Log in

Document Summary

Learning objectives: describe the different types of companies permitted to exist by law in the australian business environment, summarise the advantages and disadvantages of the corporate. 668 72) identify the management structure commonly used for administering a company (pp. 672 5: describe the three main categories of equity in a company (pp. 675 7: account for the issue of shares (pp. Companies: a company is defined in the corporations act (2001) as a legal entity or artificial person separate and distinct from its owners, the administration of all companies is carried out by the. Securities and investments commission (asic: application has to be lodged with the australian, the new company is given an australian company, the corporations act includes a number of basic rules. Number and a certificate of registration for managing companies. A company can accept these rules or replace all or any of them with a company constitution, which regulates its internal management.

Related Questions

1. Pet Energy Therapy Association (PETA) treats peoplesâ pets,and has the following cost structure:

Charge per therapy session $100

Variable cost per therapy session $ 20

Fixed costs $100,000

They expect to perform 2,000 two hour session each year (8/day,5 days/week, 50 weeks/year).

A. Construct PETAâs profit and loss statement.Profit/Loss $

B. How many sessions must PETAâs perform tobreakeven?

C. To earn a profit of $80,000, how many sessions mustthey provide this year?

D. If there is one fulltime employee, fully booked, who spendsone hour on each session (8 sessions per day, 40 per week,2,000/year), what would we need to assume about the additionalsessions needed to earn $100,000?

St. Payne Med Center is using the step-down method to allocatecosts. They have two support departments (Record Keeping andCleaning), and two patient service departments (Eye Care and DentalCare). Some of the Record Keeping costs are allocated to Cleaningbefore the support department costs are allocated to patientservice departments. Record Keeping costs are allocated based onthe number of employees, while Cleaning costs are allocated by thenumber or rooms. The following data has been collected:

Support Departments Patient Revenue Departments

Record Keeping Cleaning Eye Care Dental Care

Department Costs $ 13,000 $10,000 $32,000 $60,000

Number of Employees 2 4 3 6

Number of Rooms 1 1 2 3

a. What amount of the Record Keeping is allocated toCleaning?

b. What amount of the Record Keeping is allocated to Eye Care?$

c. What amount of the Record Keeping is allocated to DentalCare? $

d. What amount of the Cleaning is allocated to Eye Care?$

e. What amount of the Cleaning is allocated to Dental Care?$

f. After Allocation, What are Eye Careâs total costs?$

g. After Allocation, What are Dental Careâs total costs?

lemonbuffalo358

Develop a three-week moving average for this time series.Compute MSE and a forecast for week 7. Round your answers to twodecimal places.

Week	TimeSeries Value	Forecast
1	18
2	15
3	16
4	13	_______
5	17	_______
6	16	_______

MSE:

The forecast for week 7:

Use = 0.2 to compute the exponential smoothing valuesfor the time series. Compute MSE and a forecast for week 7. Roundyour answers to two decimal places.

Week	TimeSeries Value	Forecast
1	18
2	15	_______
3	16	_______
4	13	_______
5	17	_______
6	16	_______

MSE:

The forecast for week 7:

Compare the three-week moving average forecast with theexponential smoothing forecast using = 0.2. Whichappears to provide the better forecast based on MSE?

Explain.

The input in the box below will not be graded, but may be reviewedand considered by your instructor.

Use trial and error to find a value of the exponential smoothingcoefficient that results in a smaller MSE than what youcalculated for a= 0.2. Find a value of for the smallestMSE. Round your answer to three decimal places.

a =

sangriapanda136

Part 3 of 8 - Part 3 The next three questions are based on thefollowing information. Sam has a cleaning service. To betterallocate his resources, he would like to forecast his weekly ordersbased on the order number he received in the past 13 weeks as shownin the following table. Week Demand Week 1 11 Week 2 14 Week 3 16Week 4 10 Week 5 15 Week 6 17 Week 7 11 Week 8 14 Week 9 17 Week 1012 Week 11 14 Week 12 16 Week 13 15 Question 1 of 3 5.0 PointsUsing a three week moving average, Sam's forecast for his Week 14order number is . (Please round to two decimal points and includeno units.) Mark for Review What's This? Question 2 of 3 5.0 PointsUsing a three week weighted moving average with weights 3, 2, and 1given to the most recent, second most recent, and third most recentweek, respectively, Sam's forecast for his Week 14 order number is. (Please round to two decimal points and include no units.) Markfor Review What's This? Question 3 of 3 5.0 Points If the MAD formoving average is 4.17 and the MAD for weighted moving average is2.38, then which forecast is more accurate? A.Moving averageB.Weighted moving average C.The same D.Not enough information toevaluate

orangefox731

ACCG101 Lecture Notes - Lecture 6: Share Capital, Australian Company Number, Call Money

Document Summary

Get access

Related Documents

ACCG101 Lecture Notes - Lecture 11: Cost Estimate, Cost Driver, Contribution Margin

ACCG101 Lecture Notes - Lecture 10: Financial Accounting, Financial Statement, Direct Labor Cost

ACCG101 Lecture Notes - Lecture 3: Write-Off, Dr Motor Company, Retained Earnings

Related Questions