The directors of Mica Limited want to expand the company and…

The directors of Mica Limited want to expand the company and need to raise $100 000. They are considering issuing either 6% preference shares or 5% debentures. REQUIRED 4 State three features of preference shares. 1       2       3       5 State three features of debentures. 1       2       3      

6 Complete the table to indicate the effect of raising the…

6 Complete the table to indicate the effect of raising the funds from an issue of 5% debentures on 1 January 2019. Where there is no effect place a tick () in the ‘no effect’ column. The first one has been completed as an example.   increase $ decrease $ no effect effect on balance at bank 100 000     effect on non-current liabilities       effect on working capital       effect on equity at 1 January 2019       effect on annual profits       (4)

The financial year of Mica Limited ends on 31 December. The…

The financial year of Mica Limited ends on 31 December. The following information is available. At 1 January 2 021   $ Ordinary share capital 200 000 Retained earnings 16 500   General reserve 8 000   Dividends paid during the year ended 31 December 2018 Final dividend for the year ended 31 December 2020 8 000   Interim dividend for the year ended 31 December 2021 6 000   Profit for the year ended 31 December 2021 28 000 On 31 December 2021 it was decided to make a transfer to general reserve of $3000.

REQUIRED Prepare a statement of changes in equity for th…

REQUIRED Prepare a statement of changes in equity for the year ended 31 December 2021. Mica Limited Statement of Changes in Equity for the year ended 31 December 2021   Ordinary share capital $ Retained earnings $ General reserve $ Total $ On 1 January 2018         Profit for the year         Dividend paid         – final         interim         Transfer to general reserve         On 31 December 2018         [6]

A power generating company has asked to check if one of thei…

A power generating company has asked to check if one of their steam turbines is safe enough to continue its operation. After investigation, the main shaft and the blades and found have degree of grain growth along with some voids formed within the grains and also at the grain boundaries. Do you think it is safe to continue the use of the turbine?  (5 Marks) What would be the likely failure mode if the shaft or blades fail?  (5 Marks) Explain the most likely failure mechanism for the potential failure mode? (8 Marks) What would be your suggestion to prevent this damage from happening again? (7 Marks)