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# Professional Assignment 1 Part I: Complete the following homework problems from the end of the chapters: E1-4, E1-5, E1-6, E1-9 Part II: Complete the following homework problems from the end of the...

Professional Assignment 1
Part I: Complete the following homework problems from the end of the chapters: E1-4, E1-5, E1-6, E1-9
Part II: Complete the following homework problems from the end of the chapters: E2-1, E2-2, E2-4, E2-7, E2-17, and P2-3A
Part III:
· Choose a major publicly traded corporation, then go to the corporation's site and retrieve the information needed for this assignment.
· Provide information about the history of the corporation and its cu
ent product offerings.
· Provide a screenshot of the corporate’s latest reported income statement.
· Organize the income statement in an Excel file to enable you to verify the arithmetic in the income statement, and explain your verifications.
· Also, explain the nature of each item in the income statement.
· All submissions should be in one Word file.
Read your textbook and other peer-reviewed publications, write a minimum of three (3) pages of high quality well-written APA formatted standard about the following scenario. Please keep in mind that this assignment is quantitative, therefore do not forget to use the figures and charts.
Information for the Hi-Test company’s production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process.
Compute each of the following.
1. The number of equivalent units for materials for the month.
2. The number of equivalent units for conversion for the month.
3. The variable cost per equivalent unit of materials for the month.
4. The variable cost per equivalent unit for conversion for the month.
5. The total variable cost of goods transfe
ed out.
6. The total variable cost of ending work in process inventory.

## Solution

Prateek answered on Mar 13 2022
HFCL-BS
Hindustan Futuristic Communications Ltd.
Consolidated Balance Sheet                        in INR Cr.
Particulars    3/31/16    3/31/17    3/31/18    3/31/19    3/31/20    3/31/21
Assets
Non-Cu
ent Assets
Property, Plant & Equipment    153.66    157.58    165.74    202.18    436.93    443.35
Capital Work-in-Progress    0.11    1.69    1.68    64.01    15.06    11.82
Right of Use Assets    - 0    - 0    - 0    - 0    20.11    20.32
Goodwill    19.22    25.85    25.85    - 0    26.17    26.17
Other Intangible Assets    2.19    4.28    4.36    25.85    20.82    17.97
Intangible Assets Under Development    0.55    - 0    8.17    10.35    18.71    24.20
Investment in Associates/ Joint Venture    10.13    4.19    5.59    21.51    - 0    - 0
Investment Accounted for Using Equity Method    - 0    - 0    - 0    5.50    - 0    - 0
Financial Assets:
Investments    45.31    44.52    46.06    51.68    55.69    34.82
Trade Receivables    - 0    - 0    0.65    90.47    119.87    444.83
Loans    - 0    - 0    - 0    - 0    6.50    6.50
Others    14.81    7.40    13.27    36.22    31.54    11.03
DTA (Net)    - 0    0.07    118.74    79.92    12.15    6.70
Other Non-Cu
ent Assets    0.70    1.57    2.20    40.46    4.30    18.26
Total Non-Cu
ent Assets    246.68    247.15    392.31    628.15    767.85    1,065.97
Cu
ent Assets
Inventories    276.19    245.36    213.56    264.53    343.68    435.26
Financial Assets:
Investments    1.25    1.75    3.60    2.39    2.50    5.79
Trade Receivables    1,112.65    1,179.37    1,233.41    1,472.42    1,609.82    2,610.99
Cash & Cash Equivalents    9.07    5.91    66.57    17.53    16.44    21.30
Bank Balance    77.92    91.56    65.51    141.82    175.41    285.14
Loans    2.75    6.75    6.75    13.97    14.98    11.87
Others    217.23    257.20    441.09    527.97    557.50    461.81
Cu
ent Tax Assets    151.31    181.67    96.41    59.47    97.53    75.56
Contract Assets    - 0    - 0    - 0    3.34    18.48    20.70
Other Cu
ent Assets    46.34    58.69    69.19    162.60    224.77    221.41
Total Cu
ent Assets    1,894.71    2,028.26    2,196.09    2,666.04    3,061.11    4,149.83
Total...
SOLUTION.PDF