Required: Part A 1. What is the total value in the consolidated financial statements for each of the following items at the end of the year? Cash and cash equivalents Inventories Sales revenue Other...

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Required:


Part A



1. What is the total value
in
the consolidated financial statements for each of the following items at the end of the year?



Cash and cash equivalents


Inventories


Sales revenue


Other income


Plant and Equipment


Interest Expense (finance costs)


Sales and marketing expense


Occupancy expenses


Trade and other payables


Borrowings (non-current)



2. What is the normal balance for each of the accounts listed above? What side of the account, debit or credit, is affected in order to decrease each item?





Part B



1. What are the different types of revenues generated by the consolidated group?



2. How are the group’s assets classified?



3. What are the major categories listed among the group’s equity? How many ordinary shareholders did JB Hi-Fi Limited have at the end of the financial year?



4. What is the group’s current liability for dividends to ordinary shareholders? If you owned only 100 ordinary shares in JB Hi-Fi Limited, how much would you receive in dividends? If added the interim dividend, what is the current year’s total amount of dividend per share? What is the Last year’s final dividend paid in the current period?



5. How do the dividends per share compare with the group’s ‘earnings’ per share (use basic one)? What is the proportion of the dividend paid or paying out of the total profit as ordinary dividends for
current year?






Part C



1. From the statement of cash flows, name the journal(s) or journal summaries in which you would expect to find the following transactions recorded:


a. Receipts from customers


b. Payments to suppliers and employees


c. Dividends paid to members of the parent entity


d. Payments for property, plant
and
equipment



2. From the financial statements and notes in relation to revenues and expenses, name the journal (s) or journal summaries in which you would expect to find the following transactions recorded:


a. cost of sales expense


b. sales and marketing expense


c. other
income
d. occupancy expense



3. From the financial statements and notes in relation to revenues and expenses, name the journal (s) or journal summaries in which you would expect to find the following transactions recorded:


a. cost of sales expense


b. sales and marketing expense


c. other
income
d. occupancy expense




Answered Same DayNov 29, 2019ACC101Alphacrucis College

Answer To: Required: Part A 1. What is the total value in the consolidated financial statements for each of the...

David answered on Dec 27 2019
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Submission date: 09-Dec-2017 12:29AM (UTC-0800)
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