User Account

All Pages

Explain type of transaction entered into between spiv ltd

Assignment Help Accounting Basics
Reference no: EM132600235

Question - Three months before the winding up of Spiv Ltd, the company paid Joe the sum of $30,000.00. Joe had previously supplied office equipment to the company on credit.

At the time of payment, he had been told that "the company is financially squeezed and can't pay just now". Joe then invited the company's Chief Financial Officer out to drinks and persuaded him to approve the payment.

Based on the given scenario, explain the type of transaction entered into between Spiv Ltd and Joe, and in your answer identify what the consequences of this transaction would be.

Reference no: EM132600235

Questions Cloud

How would define social media : Provide examples of two different message strategies you've seen in commercials in the last year. Why do you think they were or were not effective?
Describe the importance of erm usage in organizations : Describe the importance of ERM usage in organizations. What are critical factors to consider in organizations prior to implementing an ERM?
Reflect on the various challenges are present in digital era : Reflect on the various challenges are present in the digital era. Will things get better or more complicated as times goes on?
What do think the main expenses will be for business : What do you think the main expenses will be for your business? Make sure to discuss labor, rent, equipment, and any other major expense you can think of.
Explain type of transaction entered into between spiv ltd : Explain the type of transaction entered into between Spiv Ltd and Joe, and in your answer identify what the consequences of this transaction would be
Evaluate the argument that an increase in investment : Use the model of aggregate demand and aggregate supply to evaluate the argument that an increase in investment would raise the standard of living.
What will be product positioning : Is this a target market the company is already focusing on or would this be a new target market for the company? What will be your product's positioning?
Comment on the auditor ability and methods : Comment on the auditor's ability and methods in attesting the credibility of financial statements prepared by the governing party of an organization
Calculate the expected return on stock a : Stock A beta is 1.2 and the risk premium of the stock in the same industry is 5.5%. If the risk free rate of return is 3.5%, calculate the expected return

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd