Category: Accounting

Assignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: Second
CRN:
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: /15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted. Assignment Question(s):(Marks 15)
Q1. What is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer.(2 Marks) (Chapter 7, Week 7)
Answer:
Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 dept. variable costs will be allocated based on the number of service requests, and fixed costs will be allocated based on the number of computers.The following information is provided: (4 Marks) (Chapter 8, Week 10)
Support Departments
Operating Departments
SD1
SD2
OD1
OD2
Total Department variable costs
18,000
19,000
51,000
35,000
Total department fixed costs
20,000
24,000
56,000
30,000
Number of transactions
30
40
200
100
Number of employees
14
18
35
30
Number of service requests
28
18
35
25
Number of computers
15
20
24
28
You are required to allocate variable and fixed costs using direct method.
Answer:
Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process.
(2 Marks) (Chapter 4, Week 9)
Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources.
Answer:
Q4.VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below:(3 Marks) (Chapter 9, Week 11)
Product
Units
Selling Price per unit
T1
45,000
SAR 15
T2
26,000
SAR 14
T3
18,000
SAR 10
You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget:
(4 Marks) (Chapter 10, Week 12)
Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units. Answer:

Assignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Accounting of Financial Institutions
Student’s Name:
Course Code: ACCT 405
Student’s ID Number:
Semester: 2nd-23-24 CRN: Academic Year: 1445 H (2023-2024)
For Instructor’s Use only
Instructor’s Name: Dr. Ashfaque Ahmed Students’ Grade: /15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY Submissions WITHOUT THIS COVER PAGE will result in ZERO marks. No other attempt will be given for this reason. The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Assignment Question(s): (Marks 15)
Choose a Saudi commercial bank and discuss its financial statements structure in light of what we covered in our course. (Minimum of 300 Words) (5 Marks)
Write an in detail essay describing securitizations and how it is used by financial institutions. (Answer should not be less than 200 words) (5 Marks)
Explain the Tabular Format, Sensitivity Approach and Value at Risk Approach in terms of their Strengths and Weaknesses. (Answer should not be less than 150 words) (5 Mar

I.Case study (1.5 Marks for each question)- Max 700 words Read carefully the case No.26 from your textbook entitled “Rocky Mountain Chocolate Factory Inc. (2008): Recipe for Success” (Authors: Annie Phan and Joyce Vincelette) and answer the following questions:
1) Briefly discuss the different functional strategies of the corporation (marketing, operations, distribution, HR, finance, and purchasing). 2) Describe the competitive position of the company. Briefly explain which type of competitive strategy is used. 3) What is/are the type(s) of the directional strategy (ies) used by the company? Justify.
4) How is the relationship between the company and its customers? What is the company doing to enhance their satisfaction and sustain the relationship with them? Justify. II. Mini-project (1 mark for each question)- Max 400 words From a real national/international market, choose an example of acquisition or merger between companies and answer the following questions:
1) Present your chosen companies and explain the reasons for this acquisition/merger. 2) What is the method used by the company to manage the culture of
the acquired/merged company(ies)? Justify.
3) Assess the cultural compatibility of the companies.
4) Is this acquisition/merger successful? Why or why not? Discuss the competitive position of the company (after acquisition/merger).

Assignment Question(s): (Marks 15)
Assignment Question(s): (Marks 5)
Q1. ABC prepares budgets for the quarter ending sept.30. Sales in units: July 20,000, August 50,000, September.30, 000, Oct. 25,000. Selling price is SR 10 per unit. , inventory in June 31, is 4,000 units. Desired inventory is 20% of the next month sales. (5 marks)
Required: Prepare sales and production budgets.
ANSWER:
Q2. ABC Company has equipment, and it considers whether to sell it directly at a price of SR 200,000 or to make some modifications costing SR 10,000 to sell it at a price of SR 220,000. Required:
Using the differential analysis which alternative do you recommend about the equipment. (2.5 marks)
Answer:
Q3. Riyadh Corporation has average operating assets of SR 450,000 and is required to earn a return of 35% on these assets. In the current period, the division earns net income of SR 75,000. (2.5 marks)
Required:
Compute the residual income.
ANSWER:
Q.4- Saudi and German Joint Corporation is a division of a major corporation. Last year the division had total sales of SAR 85,780,000, net operating income of SAR 8,697,570, and average operating assets of SAR 11,000,000. The company’s minimum required rate of return is 15%.
Required:
a. What is the division’s margin? [1.5 mark]
b. What is the division’s turnover? [1 mark]
c. What is the division’s return on investment (ROI)? [1.5 marks]
Answer

Type of questions :
– Income Statement – The ending retained earnings balance – The Balance Sheet – The Financial Ratios – DONT forget to see Ratios sheet for formulas:
– Fill in the Blank
please full answer for all questions and I need it in Word +Excel format

Only one short question. No less than 300 words.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. References with APA Style.

Preparation of the Financial Statements Use accounting cycle to complete this project be using Microsoft Excel all the information you need in the file I upload

Deliverables:
You should submit 3 Java files containing the Java code (.java).
***The files should be zipped in a file named exactly as specified Project1_Student1FirstNameStudent1LastName_… Student5FirstNameStudent5LastName. Example: Assignment_HanaaAljehani_SuhaBashekh_YasmeenAhmed_ReemOrfali_FadiaAlghamdi.
Suggestions:
Read AND fully understand this document BEFORE starting the program!
Next, design your data structure and make your algorithm
Once the solution is 100% clear to you, then begin making your code.
Hope this helps.