Reference no: EM132947871
Question -
Q1. Wiltshire is a construction company. On 1 October 2017, Wiltshire entered a three-year fixed price contract to build a bridge for £30 million. Further details of the contract are shown below:
Year ended 30 September 2018 $000 2019 $000
Contract price 30,000 30,000
Total costs incurred to date 5,000 12,000
Expected further costs to complete 18,000 8,000
Value of work certified to date 7,500 24,000
Total progress billings to customer to date 6,000 21,000
Total cash received from customer 5,300 18,500
Wiltshire's performance obligations are deemed to be satisfied over time in accordance with IFRS 15 Revenue from Contracts with Customers. The percentage of performance obligations complete is based on the value of work certified to date as a percentage of the contract price.
Prepare extracts from Wiltshire's statement of profit or loss and statement of financial position for the years ended 30 September 2018 and 2019.
Q2. Joe Ferrari set up a part-time business on 1 November 2018 buying and selling second-hand sports cars. On 1 November 2018 he commenced business with £66,000 which he immediately used to purchase 10 identical sports cars costing £6,600 each, paying in cash. On 1 May 2019 he sold 7 of the sports cars for £8,800 each, receiving the cash immediately. You are required to produce accounts for the year ending 31 October 2019. Joe has provided you with the following additional information:
The value of the general price index was 150 as at 1 November 2018, 155 as at 1 May 2019 and 159 as at 31 October 2019.
The replacement cost of similar sports cars was £6,800 as at 1 May 2019 and £7,000 as at 31 October 2019.
Make statements of comprehensive income and statements of financial position for the year ending 31 October 2019 based on:
(i) Historic cost accounting (HCA)
(ii) Current purchasing power accounting (CPPA)
(iii) Replacement cost accounting (RCA)
|
Explain a time when provided leadership and the outcome
: The influence of leadership can be far-reaching, Describe a time when you provided leadership and the outcome. Was there anything that you would do differently?
|
|
Explain what leadership traits
: Explain what leadership traits, styles, or qualities are required to be successful in role. Discuss a formal role where a nurse is in a position of leadership.
|
|
Determine the proceeds of the sale on a seven-year
: Determine the proceeds of the sale on a seven-year noninterest-bearing promissory note for $1,600, discounted 45 months before its due date
|
|
Discuss why work is considered a grand theory
: Watson's Caring Theory, a grand theory and conceptual model in nursing, is the underlying framework, Discuss why her work is considered a grand theory.
|
|
Prepare extracts from wiltshire statement of profit or loss
: Prepare extracts from Wiltshire's statement of profit or loss and statement of financial position for the years ended 30 September 2018 and 2019
|
|
How think data integration is important
: Explain how you think data integration is important. Do you see it as a critical element in data analytics? Provide an example to support your thoughts.
|
|
What is the treatment for itching in hospitalized patients
: What is the best treatment for itching (pruritus) in hospitalized patients? Comparison of two or more topical agents for effectiveness
|
|
How can average nurses be involved in the political process
: How can average nurses be involved in the political process? Engaging in a political process enables a nurse leader to influence others in order to achieve
|
|
Wwhat have learned during course using ebp to guide
: Wwhat you have learned during this course using EBP to guide health technology, community resources, screening, outreach, referral and follow up to improve?
|