College of Administration and Finance SciencesAssignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Tax and Zakat Accounting
Student’s Name:
Course Code: ACCT 422
Student’s ID Number:
Semester: Second
CRN:
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name: Khaled Almuaqel
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
•
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
•
Assignments submitted through email will not be accepted.
•
Students are advised to make their work clear and well presented; marks may be reduced for
poor presentation. This includes filling your information on the cover page.
•
Students must mention question number clearly in their answer.
•
Late submission will NOT be accepted.
•
Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
•
All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism.
•
Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Q1. Using your own words, List Five with an explanation of the obligatory conditions of Zakat
to be eligible as alms assets. (5 Marks)
Q2. Abdullah is a Saudi citizen has submitted his zakat return including the following
information for 1445 H (4 Marks)
a) Owns an investment car at a book value of 450,000 and with market value of 510,000, the car
produced a monthly rental value of 33,000, actual total expenses incurred every month of
getting the income is SAR 5,500.
b) Owns a farm at a book value of 950,000 and during the year it produces different type of
fruits. The total gain is SR 390,000. Expenses of the production are estimated at one-third,
assuming it’s watered by water from springs and rain.
Required: Calculate the receptacle of the zakat for each kind assuming the zakat receptacle exceeds
Nisab.
Q3. Using your own words, explain the different concepts of income from accounting,
economics, and taxation perspectives. (3 Marks)
Q4. Using the Formula for individual income tax. Give a comprehensive numerical example for
calculating income tax for an individual taxpayer in United States. (3 Marks)
المملكة العربية السعودية
وزارة التعليم
الجامعة السعودية اإللكترونية
Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University
College of Administrative and Financial Sciences
Assignment 3
Project Management (MGT 323)
Due Date: 04/05/2024 @ 23:59
Course Name: Project Management
Student’s Name:
Course Code: MGT323
Student’s ID Number:
Semester: Second Semester
CRN:
Academic Year:2023-24
For Instructor’s Use only
Instructor’s Name: Dr. Asif Hasan
Students’ Grade: /10
Level of Marks: High/Middle/Low
General Instructions – PLEASE READ THEM CAREFULLY
•
•
•
•
•
•
•
•
The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced
for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted. Peer-Reviewed Journals are required as
references.
Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.
• Do not make any changes in the cover page.
Assignment Workload:
• This Assignment comprise of a Case Study and Discussion questions.
• Assignment is to be submitted by each student individually.
Assignment Purposes/Learning Outcomes:
After completion of Assignment-3 students will able to understand the
1. Defining the concepts, theories and approaches of project management. (L.O-1.1)
2. Analyze to work effectively and efficiently as a team member for project related
cases. (L.O-3.1)
3. Evaluate to monitor and control the project. (L.O-3.2)
Assignment-3: Case Study
Assignment Case study Question:
(Marks 10)
Please read the Case-8.3 “Tham Luang Cave Rescue.” from Chapter 8
“Scheduling Resources and Costs” given in your textbook – Project
Management: The Managerial Process 8th edition by Larson and Gray page
no: 304-307 also refer to specific concepts you have learned from the chapter
to support your answers. Answer the following questions.
Case study questions
1. How did the physical environment of the cave affect the rescue
plan? Explain in 250 words (3.5 Marks).
2. How did the rescue team respond to the risks of the project?
Explain in 250 words (3.5 Marks).
3. Some have called the rescue a miracle and that luck was the
decisive factor. Do you agree? Explain in 150 words (3 Marks)
Answers:
College of Administrative &Financial Sciences
Assignment (2)
Deadline: Saturday 04/05/2024 @ 23:59
Course Name: Managerial Accounting
Student’s Name:
Course Code: ACCT 322
Student’s ID Number:
Semester: 2ND Semester 23-24
CRN: 24257
Academic Year: 1444 H
For Instructor’s Use only
Instructor’s Name: Dr. Youssef RIAHI
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.
1
College of Administrative &Financial Sciences
Assignment Question(s):
(Marks 15)
Assignment Question(s):
(Marks 5)
Q1. ABC prepares budgets for the quarter ending sept.30. Sales in units: July 20,000, August
50,000, September.30, 000, Oct. 25,000. Selling price is SR 10 per unit. , inventory in June 31, is
4,000 units. Desired inventory is 20% of the next month sales. (5 marks)
Required: Prepare sales and production budgets.
ANSWER:
Q2. ABC Company has equipment, and it considers whether to sell it directly at a price of SR
200,000 or to make some modifications costing SR 10,000 to sell it at a price of SR 220,000.
Required:
Using the differential analysis which alternative do you recommend about the equipment. (2.5
marks)
Answer:
2
College of Administrative &Financial Sciences
Q3. Riyadh Corporation has average operating assets of SR 450,000 and is required to earn a
return of 35% on these assets. In the current period, the division earns net income of SR
75,000. (2.5 marks)
Required:
Compute the residual income.
ANSWER:
Q.4- Saudi and German Joint Corporation is a division of a major corporation. Last year the
division had total sales of SAR 85,780,000, net operating income of SAR 8,697,570, and average
operating assets of SAR 11,000,000. The company’s minimum required rate of return is 15%.
Required:
a. What is the division’s margin?
[1.5 mark]
b. What is the division’s turnover?
[1 mark]
c. What is the division’s return on investment (ROI)?
[1.5 marks]
Answer
3
College of Administration and Finance Sciences
Assignment (2)
Deadline: May 4, 2024 @ 23:59
Course Name: Advanced Financial
Student’s Name:
Accounting
Course Code: ACCT 302
Student’s ID Number:
Semester: Second Semester
CRN:
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name: Dr. Salah Oraby
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
•
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
•
Assignments submitted through email will not be accepted.
•
Students are advised to make their work clear and well presented, marks may be reduced for
poor presentation. This includes filling your information on the cover page.
•
Students must mention question number clearly in their answer.
•
Late submission will NOT be accepted.
•
Avoid plagiarism, the work should be in your own words, copying from students or other
resources without proper referencing will result in ZERO marks. No exceptions.
•
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures
containing text will be accepted and will be considered plagiarism.
•
Submissions without this cover page will NOT be accepted.
1
College of Administration and Finance Sciences
Assignment Question(s):
Three Questions Each Carries 5 Marks) (total Marks 15)
Q1. The following information extracted from the parent company
a. Parent company loaned $1000 to Subsidiary with an interest rate of 5%.
b. Parent company made a sale to Subsidiary for $500 cash. The inventory had originally cost
Parent company $200. Subsidiary then sold that same inventory to an outsider for $700.
c. Parent company made a sale to Sub for $800 cash. The inventory had originally cost Parent
$300. Subsidiary has not yet sold that same inventory to an outsider.
Required:
Pass the elimination entries for the intercompany transactions.
Answer:
Q2. Explain the differences between translation and remeasurement of financial statements of a foreign
subsidiary.
Answer:
Q3. The partnership of Ibrahim and Rawan has the following provisions:
•
Ibrahim and Rawan receive salary allowances of SAR 50,000 and SAR 15,000, respectively.
•
Interest is imputed at 5% on the average capital investment.
•
Any remaining profit or loss is shared between Ibrahim and Rawan in a 3:1 ratio, respectively.
•
Average Capital investments: Ibrahim, SAR 300,000; Rawan, SAR 150, 000
•
Net income SAR 300,000
Required: pass journal entry to allocate the profit between Ibrahim and Rawan
2
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