Please only answer question A4 and A5- missing data Alt Ctrl 2 80 Measurement Un
ID: 2327959 • Letter: P
Question
Please only answer question A4 and A5- missing data
Alt Ctrl 2 80 Measurement Under Ideal Conditions A4. (Changes in equity -equity as stock and comprehensive incomc, investments, and di Beginning Comprehensive Distributions Investments Ending Equity tions as flows) Usc the data given to find the missing figures: Income (loss) to Owncrs by Owners Equity $500,000? $200,000 $1,000,000? $2,750,000 SO $3,000,000 $1,000,000 $4,500,00%) $3,000,000 $2,000,00 $3,000,00 $9,000,000 Revenues Gains Expenses +LossesComprehensive A. $10,000,000 $500,000 S5,000,000 $%300,0005,Do, su A. B. $2,000,000 $1,000,000 C. $4,000,00 $1,500,000 D. $7,000,000? So $2,000,000 $4,000,000 AS. (Comprehensive net income) Use the data given to find the missing figures: Income (Loss) B. $8,000,000 $100,000 S7,000,000 ? C. $4,000,000 $1,500,000 D. $6,000,000 $900,000 $100,000 $4,000,000 $1,000,000 $1,000,000 $300,000 $6,000,000 S$2,000,000 $10,000,000 $1,000,000 A6 (Cost types fixed, variable, step, semi-variable) Assume a university is trying to analy its costs for a possible new program. For each of the following situations, indicate if cost is fixed variable, step or semi-variable with regard to the number of students: A. The university prints an ID card for cach student. There is a cost for cach card mad B. The university has a library building. The library building is depreciated over a lt 40 years. C. The university believes it needs to hire one faculty member for every 15 studen D. The university pays its president $1,000,000 per year under a long-term contract. admits. 7. (Cost types fixed, variable, step, semi-variable) A company is being created that will igh school students who are studying for college entrance exams. It could be set different ways. It expects to teach 100 classes a year. Explain whether each decision cost, a variable cost, step, or a semi-variable cost with regard to the n offers. (Assume that it will only offer a class if it gets 10 students for that hires 20 teachers as full-time employecs, and agrees to pay them a certain at per year. The teachers will teach up to six classes each. If they teach less, they s the same pay B. It makes agreements with 30 different people, and agrees to teachthma amount for each class they teach during the year. They are not full-time emp y teach a course. The company does not promise the and only get paid if the any courses they will teac hires five teachers as full-time emu er year, The tenalExplanation / Answer
Answer to A4:
Case A:
Ending Equity = Beginning Equity + Comprehensive Income (loss) - Distributions to Owners + Investments by Owners
Ending Equity = $0 + $3,000,000 - $200,000 + $1,000,000
Ending Equity = $3,800,000
Case B:
Ending Equity = Beginning Equity + Comprehensive Income (loss) - Distributions to Owners + Investments by Owners
$2,750,000 = $2,000,000 + $1,000,000 - $500,000 + Investments by Owners
Investments by Owners = $250,000
Case C:
Ending Equity = Beginning Equity + Comprehensive Income (loss) - Distributions to Owners + Investments by Owners
$4,500,000 = $4,000,000 + $1,500,000 - Distributions to Owners + $1,000,000
Distributions to Owners = $2,000,000
Case D:
Ending Equity = Beginning Equity + Comprehensive Income (loss) - Distributions to Owners + Investments by Owners
$4,000,000 = $7,000,000 + Comprehensive Income (loss) - $0 + $2,000,000
Comprehensive Income (loss) = -$5,000,000
Case E:
Ending Equity = Beginning Equity + Comprehensive Income (loss) - Distributions to Owners + Investments by Owners
$9,000,000 = Beginning Equity + $3,000,000 - $2,000,000 + $3,000,000
Beginning Equity = $5,000,000
Answer to Problem A5:
Case A:
Comprehensive Income (loss) = Revenues + Gains - Expenses - Losses
Comprehensive Income (loss) = $10,000,000 + $500,000 - $5,000,000 - $300,000
Comprehensive Income (loss) = $5,200,000
Case B:
Comprehensive Income (loss) = Revenues + Gains - Expenses - Losses
$900,000 = $8,000,000 + $100,000 - $7,000,000 - Losses
Losses = $200,000
Case C:
Comprehensive Income (loss) = Revenues + Gains - Expenses - Losses
$100,000 = $4,000,000 + $1,500,000 - Expenses - $1,000,000
Expenses = $4,400,000
Case D:
Comprehensive Income (loss) = Revenues + Gains - Expenses - Losses
$1,000,000 = $6,000,000 + Gains - $4,000,000 - $1,000,000
Gains = $0
Case E:
Comprehensive Income (loss) = Revenues + Gains - Expenses - Losses
$10,000,000 = Revenues + $300,000 - $6,000,000 - $2,000,000
Revenues = $17,700,000