Note: Attempt any ONE question. (1 x 20 = 20)
Q3. From the following particulars prepare a Treble Column Cash Book of Ahsan Trading Co.:
2013
May 01: Cash in hand Rs. 42,500 and at bank Rs. 50,000.
May 03: Purchased goods for cash Rs. 8,000.
May 06: Deposited into bank Rs. 6,500
May 07: Sold goods for cash Rs. 17,000 and amount is deposited into bank.
May 08: Sold goods to Farhan on credit Rs. 10,000.
May 10: Received from Farhan a cheque for Rs. 9,800 in full settlement of his account.
May 12: Paid Farhan's cheque into bank.
May 15: Paid salaries Rs. 5,000 by cheque.
May 18: Paid by cheque to Azhar Rs. 4,900 and discount received Rs. 100.
May 21: Withdrew cash Rs. 4,500 for personal use.
May 24: Goods sold to Kamran for cash Rs. 15,000.
May 26: Paid advertising expenses Rs. 900.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.