Questions from General Accounting

Q: Explain the trend in crowdfunding over the past five years. What

Explain the trend in crowdfunding over the past five years. What types of businesses are commonly financed by crowdfunding?

Q: Explain what is meant by an ICO. Differentiate between IPOs and

Explain what is meant by an ICO. Differentiate between IPOs and ICOs.

Q: Outline a typical executive performance compensation package.

Outline a typical executive performance compensation package.

Q: A friend is thinking about starting a company manufacturing small robots for

A friend is thinking about starting a company manufacturing small robots for household chores. Explain to your friend the different types of finance that would be available to him.

Q: Coconut Plantations Pty Ltd manufactures sustainable, coconut-based products for

Coconut Plantations Pty Ltd manufactures sustainable, coconut-based products for sale to wholesalers and retailers around Australia and New Zealand. Jo Geter, the manager, has a goal of increasing the...

Q: CuteIT makes smartphone covers. The employee payroll averages $600 000

CuteIT makes smartphone covers. The employee payroll averages $600 000 per week. CuteIT would like to extend the pay cycle to fortnightly. The manufacturing workers union argues that the company is sa...

Q: Volley Ltd has $1 million spare cash from commissions earned during

Volley Ltd has $1 million spare cash from commissions earned during the busy pre-Christmas season. Staff are paid a retainer, as well as part of the commissions earned through sales. Volley Ltd is awa...

Q: Baxter Ltd reported $200 million in credit sales in 2017–

Baxter Ltd reported $200 million in credit sales in 2017–18 and 2018–19. Average accounts receivable dropped from $25 million to $20 million over the two periods. Required (a) Assuming 220 trading da...

Q: Lavender Plantations Pty Ltd manufactures Lavender-based products and commenced operations

Lavender Plantations Pty Ltd manufactures Lavender-based products and commenced operations in 2019. Production and sales have grown consistently. Here are data for the last four years (in $ thousand)....

Q: Toowong Ltd has been growing relatively slowly in a mature industry.

Toowong Ltd has been growing relatively slowly in a mature industry. Its trade creditor and credit sales data for the last five years (in $ million) are shown below. Required (a) Compute the creditor...