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1)Dawson's Delivery Service purchased equipment for $2,500

Accounting

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1)Dawson's Delivery Service purchased equipment for $2,500. Dawson paid

$500 in cash and signed a note for the balance. Dawson debited the Equipment account, credited Cash and

 

 

2)What are the fundamental accounting principles? explain in detail.

Also justify the "accounting as an ON GOING CONCERN"

 

3)Outline major types of pure risks that are associated with great financial insecurity.

4) Tangshan China Company's stock is currently selling for R80.00 per

share. The expected dividend one year from now is R4.00 and the required return is 13 percent. What is Tangshan's dividend growth rate assuming that dividends are expected to grow at a constant rate forever?

 

5) Tangshan China Company's stock is currently selling for R80.00 per

share. The expected dividend one year from now is R4.00 and the required return is 13 percent. What is Tangshan's dividend growth rate assuming that dividends are expected to grow at a constant rate forever?

6) Nico Corporation's common stock currently sells for R180 per share.

Nico just paid a dividend of R10.18 and dividends are expected to grow at a constant rate of 6 percent forever. If the required rate of return is 12 percent, what will Nico Corporation's stock sell for one year from now?

7) Accounting has its roots in the 15th century, when which of the following groups of people used the double entry accounting system?

• Greek fishermen
• Chinese traders
• Turkish craftsmen
• Italian merchants

8) Nico Corporation's common stock currently sells for R180 per share.

Nico just paid a dividend of R10.18 and dividends are expected to grow at a constant rate of 6 percent forever. If the required rate of return is 12 percent, what will Nico Corporation's stock sell for one year from now?

9) Nico Corporation's common stock currently sells for R180 per share.

Nico just paid a dividend of R10.18 and dividends are expected to grow at a constant rate of 6 percent forever. If the required rate of return is 12 percent, what will Nico Corporation's stock sell for one year from now?

 

10) Nico Custom Cycles' common stock currently pays no dividends. The

company plans to begin paying dividends beginning 3 years from today. The first dividend will be R3.00 and dividends will grow at 5 percent per year thereafter. Given a required return of 15 percent, what would you pay for the stock today?

 

11) Windsor, Inc. had the following transactions.

1.Borrowed $6,184 from the bank by signing a note.2.Paid $3,092 cash for a computer.3.Purchased $557 of supplies on account.

(a)

Indicate what accounts are increased and decreased by each transaction.

12) Schoemaker et al. (2013) identifies six essential skills necessary

for strategic leadership. Pick one of these skills and apply it to yourself. Provide insights into how you would improve and apply that skills in practice

13) What are the financial challenges that the company might face in acquiring

business in different industry and what is the possible solution .

14) Describe and explain capital budgeting items that may or may not be taxed as part of a capital budget project.