Problem # 1: Dino’s After School purchased 50 textbooks from the local publisher, about career readiness, to resell to clients. The total cost of the transaction, including shipping and handling, was $552. The textbooks were purchased on account. Use a journal entry to record this transaction, using the perpetual inventory system.

Problem # 2: Dino’s After School returned 8 severely damaged books to the publisher. The total value of the returned merchandise was $94. Use a journal entry to record this transaction, using the perpetual inventory system.

Problem # 3: Examine the invoice below. If Dino’s After School paid the invoice of 5/30/17 on 6/6/17, record the journal entry that would be made for the payment of the invoice. Explain in 100-150 words the effect of discounts on merchandise inventory.

WinterSpills, Inc. acquires 90% of Peterson Company in a business combination. The total consideration is agreed upon, but the exact nature of WinterSpills’ payment is not yet fully specified. This business combination is accounted for as a purchase. It is expected that at the date of the business combination, the fair value will exceed the book value of Peterson’s assets minus liabilities. WinterSpills desires to prepare consolidated financial statements that include the financial statements of Peterson.

Required:

1. Explain how the method of accounting for a business combination affects whether goodwill is reported.
2. If goodwill is recorded, explain how to determine the amount of goodwill.
3. From a conceptual standpoint, explain why consolidated financial statements should be prepared.
4. From a conceptual standpoint, identify the first necessary condition before consolidated financial statements are prepared.

Authentic leaders are led by their convictions. The experiences of these leaders are critical in their development and perceptions (Northouse, 2022, p. 222).

Authentic leaders are genuine, lead with their heart while working toward a vision, and are consistent. Thinking about authentic leadership, address the following:

1. What are the five characteristics of authentic leaders?
2. Of the characteristics noted, why are these characteristics important for authentic leaders to possess?
3. Identify an authentic leader and describe how he/she inspires followers.
4. Explain how emotional intelligence impacts an authentic leader’s behavior.
5. Identify three steps that you can take to become an emotionally intelligent, authentic leader.

Your well-written paper should meet the following requirements:

• Be 4-5 pages in length (double-spaced), which does not include the title and reference pages, which are never a part of the content minimum requirements.

Team Case Study Paper on KFC
This is a team assignment and students are expected to work together and synthesize their individual parts to produce one (1) paper.  Only one (1) student on each team needs to submit the paper for grading.  Each team member will receive the team’s grade.
Refer to the file on “Conducting a Case Study” and the Case Study Rubric.  It is imperative to follow the criteria listed in the Case Study Rubric, “Conducting a Case Study” Guidelines, and the 6th edition of the APA Manual.  This assignment should be 15-20 pages excluding the title and reference pages.  The paper should contain at least one graph, figure, chart, or table.

Be sure to follow the Case Study Rubric and follow APA guidelines.

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Assignment Question(s):(Marks 10)

Q1. The following financial transactions are related with a General Takaful Product:

i.An amount of SAR 6,200 received as advanced contribution from new participants.

ii.An amount of SAR 4,500 received as a contribution from new participants. 

iii.Contribution renewal received from participants SAR 5,500.

You are required to prepare necessary journalentries.(3 Marks)

Q2. Discuss the three primary methods used by Guaranty Fund to assess property and liability insurance using your own words.(2 Marks)

Q3. XYZ Company has the following financial data:                                                     (5 marks)

Particulars

Amounts (SAR)

Total Profit for the Year

377,500

General Takaful Assets (Year 2014)

1,390,000

General Takaful Assets (Year 2015)

1,517,500

Cash 

11,500

Short-term Investment

23,500

Short term liabilities 

85,000

Underwriting Surplus Distributable to Participants/Participants’ Share of Profit

145,500

Gross Contribution

958,000

Net Contribution

662,500

Wakalah Fee

77,500

Commission Paid

28,300

Management Expense

58,000

Net Claim Incurred

287,500

Earned Contribution

632,500

You are required to calculate:

a) Return on Assets

b) Quick Liquidity

c) Surplus Distribution Ratio

d) Expense Ratio

e) Claims Ratio

1