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Homework answers / question archive / 1) Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies

1) Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies

Accounting

1) Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies.

2)The Additional Paid-in-Capital account is used when:

  • A. the stock is sold at an amount greater than stated value
  • B. the market value of the stock rises above its stated value.
  • C. the number of shares issued exceeds the stock’s stated value
  • D. Neither A, nor B, nor C.

3)Problem Carla Corporation is a diversified company that operates in five different industries A B C D and E. The following Wormation relating to each segment is available for 2021 ? D Sales reverse 340,100 $74,500 $575.600 $34.900 $55.000 Cost of goods sold 19,400 49.200 270.000 19.100 29.900 Operating expenses 10.100 39,700 235.900 12.000 16.300 Total expenses 29.500 88.900 306.200 31.100 48.200 Operating profit (los) $10.600 $(14.400) 569 400 $3.000 36.800 loentifiable assets SAS DO $29.000 $490.300 565.700 149.700 Sales of segments and included intersement sales of $20.300 and $101.700, respectively Determine which of the segments are reportable based on the Reportable Segment Revenue test (2) Operating profit (los) test (3) Identifiable assets test LINK TO THE Prepare the necessary disclosures required by GA (anterrogative amounts using either a negative parentheses (45)) ? Other Total Intersement Reven Total Revenue Cost of Goods Sold Operating Expenses Total Expenses Operating profit () Ident

4)

The following data were obtained from the accounting information system of Attawfik Corporation:

                       Units           Total Cost                                       

Month         Produced                                       

January              60       SAR1,533.4                    

February            50               1,300                       

March                80               2,000                       

April                  30                  833.5                    

a.   Use the data for February and March and the two - point method to determine a cost function.

b.   Use the high - low method to determine a cost function.

C. How do you think that a cost function may provide poor estimates of future costs?

 

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1)The company is Saudi Aramco. The vision and how managers achieve them are in the following:

  • Becoming the world's leading energy and chemical company: Manager's must indulge in technological advancements and strive to take measures to curb the emissions of harmful gases, prosper innovation, strive to conserve renewable energy sources, learn and adapt ideas for from across the world.
  • Maximise growth and profits: Manager's must make optimum usage of resources and capacities, expand the business world wide by marketing and delivering value to consumers.
  • Improve Kingdom's economy: The company and its managers must provide every possible job opportunities to the subjects of other kindgdom. Also concentrate on localisation of the energy sector of the kingdom.

Managers use core competencies in the following manner:

  • Excellence: Setting and achieving challenging goals.
  • Safety: Ensuring the work environment is absolutely safe and respectful to every employee
  • Citizenship: Becoming a good and respectful corporate citizen in any country where it functions.
  • Accountability: Becoming very much responsible at what actions they do.
  • Integrity: Inculcating transperancy, fairness and truthfulness in any activity they perform.

2)Ans : A   Additional paid in capital account arises when the stock is sold at an amount higher than the par value/ stated value.

Stock sold at par value = Common stock account.

Stock in excess of par value = Additional paid in capital account.

3)

               
* Selection on basis of revenue Segment having atleast 10% of total revenue
* Selection on profit/loss Segment having atleast 10% of total Profit/loss
* Selection on basis of Assets Segment having atleast 10% of total Assets
               
* Selected Y          
* Not selected N          
               
  Particular A B C D E Total
* Revenue from operation $       40,100 $       74,500 $       5,75,600 $       34,900 $         55,000 $       7,80,100
               
  % of revenue 5.14% 9.55% 73.79% 4.47% 7.05% 100.00%
               
  Business selected or not (Y/N) N N Y N N  
               
               
* Operative Profit 10600   69400 3800 6800 90600
  Operative loss   -14400       -14400
               
  % of Operative Profit 11.70% 15.89% 76.60% 4.19% 7.51% 100.00%
               
  Business selected or not (Y/N) Y Y Y N N  
               
               
* Identifiable Assets $       35,600 $       79,000 $       4,90,300 $       65,700 $         49,700 $       7,20,300
               
  % of Assets 4.94% 10.97% 68.07% 9.12% 6.90% 100.00%
               
  Business selected or not (Y/N) Y Y Y N N  
               
  Final Business selected for reporting Y Y Y N N  
             

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