1. Profit forecasts

A company is considering investing in a project with a five-year useful life. The project involves paying €75000 for a license to manufacture a new product and equipping a production line at a cost of €300000. The product is expected to have a useful life of five years only and at the expiry of that time the production line will be sold and should yield a salvage value of €50000. In order to launch the product the company plans a three-month advertising campaign that will cost €100000.

Required:

Assuming that in each year the expected sales are €l OOOOOO and expenses other than those detailed above are €8OOOOO, draw up two alternative series of statements of profit or loss for the project using (a) straight-line, and (b) diminishing balance depreciation of 30 per cent per annum, for the plant, while treating the other expenses consistently in each set.

If, for policy reasons, the company wished to maximize profits in the first two years of operation, what accounting choices could be made (within the terms of generally accepted accounting principles) to achieve this?

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This is a Group-of-Three assignment. While group-of-two is also acceptable, an individual attempt needs to be well justified and approved in advance by the unit coordinator. This assignment is worth 25 marks. The assignment requires your research and practice. The objective of the assignment is to solve network problem tasks by using your knowledge and experience acquired from your research as well as the first six weeks of IFN507 lectures, tutorials and practicals. The outcome of the assignment is a report on your solutions to the given tasks. Submit an assignment report of no more than 30 A4 pages through the Blackboard. With a cover page and a table of contents, the report should be in pdf format. The assignment is due: 11:59pm Sunday 8 September 2019 (Week 7). 1. Problem Solving Task 1: Remote Desktop (8 Marks) What do you need for this task? Two computers remotely interconnected over computers. What to do? Sub-Task 1). Set up Remote Desktop Connection between the two computers; Sub-Task 2). Design some scenarios for remote desktop operation; and Sub-Task 3). Operate the remote computer from the local computer for the designed scenarios. For sub-task 1), there are different scenarios depending on what operating systems you use on the two computers. Possible operating systems are Windows 7, Windows 10, Linux (e.g., Ubuntu), and Mac OS. Identify the operating system/s used on the two computers, and find the way for Remote Desktop Connection. ? In Windows 7, there is a “Remote Desktop Assistance” graphic interface”, and also a “Remote Desktop Connection” program. Find out how to use them. ? In Windows 10, there is a “Quick Assist” to use for remote desktop assistance. ? In Mac computers, you may use Remote Desktop client for Mac with Windows apps, resources, and desktops from your Mac computers.

Attachments:

IFN507-Assign….pdf

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Exam 2- Part 2 941, SUTA and 940 Tax Return Preparation 50 Points the 1st quarter of the year: Total Federal State City Total Net SS # Earnings Inc. Tax OASDI HI Inc. Tax Inc. Tax Deductions Pay Roy Bell 123-45-6789 10489.00 1211.00 650.32 152.09 187.20 220.27 2420.88 8068.12 Karl Radek 234-56-7890 10477.00 1209.00 649.57 151.92 228.67 220.02 2459.18 8017.82 Marie Rossi 345-67-8900 10695.00 1131.00 663.09 155.08 191.49 224.60 2365.26 8329.74 John Scott 456-78-9999 10258.00 1170.00 636.00 148.74 228.67 215.42 2398.83 7859.17 1st quarter totals 41919.00 4721.00 2598.98 607.83 836.03 880.31 9644.15 32274.85 Requirements: Use the forms attached. Attach document with calculations for partial credit. 1. Prepare the quarterly Form 941 (26 Points) Monthly 941 liabilities:Jan. $ 3,565.10, Feb. $3,615.70, March $3,953.82 Monthly deposits for the quarter were: $3,556.10, Feb. $3,615.70, March $3,953.82 Do not worry about their EIN Number or Address. 2. Prepare the quarterly SUTA Form . See rate on form provided. (8 Points) 3. Prepare the annualForm 940. (16 Points) Assume that the second, third, and the fourth quarter earnings are the same as the 1st qtr above for each employee. Assume all Ohio SUTA contributions were made timely. They did not make any FUTA deposits this year.

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1.Pricing technique which transfer from off-peak periods to peak periods is classified as A.complementary pricing B.differential pricing C.reservation pricing D.non-peak pricing 2.Considering categories of services mix, tangible goods such as computers and automobile cars are classified as A.tangible goods with accompanying services B.pure tangible goods C.pure services D.major service with minor goods 3. Services provide by companies that are beyond performance and functioning of product are classified as A.empathy services B.value-augmenting services C.facilitating services D.assurance services 4. Banks, hotels, airlines, law firms and insurance companies are example of services of A.government sector B.private non-profit sector C.manufacturing sector D.business sector 5. Determinants of service quality in service-quality model includes A.reliability and empathy B.responsiveness C.assurance and tangibles D.all of the above

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1. See the Examples that follow for an idea of how formatting should look when completed, and name each worksheet accordingly. 2. Prepare the following using the straight-line and double-declining balance depreciation methods: • Depreciation schedules showing the depreciation for each year; use the Paste function. • An accumulated depreciation schedule for each method. • A book value schedule for each method. • An embedded line chart, properly formatted, showing annual depreciation for each method. • Use absolute references where appropriate. 3. Assume that sales for each of the six years are $500,000 and operating expenses, excluding depreciation, is $350,000. On a separate worksheet prepare the following schedules under each depreciation method: • A schedule showing net income each year. • A schedule showing the rate of return on book value for each year (net income divided by book value). • An embedded line chart showing the annual rate of return under each depreciation method. • Remember to add depreciation to the operating expenses when computing net income. • Use Paste Link to link related data between the two worksheets. 4. Give each worksheet an appropriate label. 5. Save as: 09 Depreciation Analysis Iron Casting, Inc-“your last name”Iron Casting, Inc. bought a power press for $360,500. The power press has an estimated residual value of

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