A01 Profit and loss account: A profit and loss account calculates the amount of gross and net profit that a business takes on an annual basis; it also outlines the loss which has occurred through the business‚ through necessary overheads. There are many aspects included within a profit and loss account‚ all of which I am going to briefly explain. It is important to have a profit and loss account within a business to enforce correct usage of the money. The company will be able to see where the business
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interpreting the contents of the British airways accounts I will also be writing a statement about the business and its progress‚ and describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and
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Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
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the result is 28. What is the number? 5x+3=28 5x=25 x=5 The answer is 5 2. If 4 times the reciprocal of a number is 3 more than 5/2 times the reciprocal of that number‚ find the number. 4*(1/x)=(5/2)*(1/x)+3 4/x=(5/2x)+3 (8/2x)=(5/2x)+3 (8/2x)-(5/2x)=3 (3/2x)=3 x=1/2 The answer would be x=1/2 3. John had $30‚000 to invest. He invested part of this money in bonds paying 12% annual simple interest and the rest of the money in a savings account giving 4% annual interest. At the end of the
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Emotional Bank Accounts We all do things that are counter-productive to our relationships. We all like to have people be nice to us. The concept of an emotional bank account is powerful‚ yet not quite as simple as keeping a ledger of debits and credits. One of the problems is the perception of worth. What is a “deposit” worth. We may think it is quite valuable. The affected person may consider it so routine it is not even remembered. The trick in making deposits is to know what value the act
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Almost three decades after the signing of the Treaty of Paris‚ which ended the Revolutionary Wars and marked Great Britain’s recognition of the United States’ sovereignty‚ the animosity and strained relations between the two nations were once again brought to the surface. Trade became the lifeline of the United States’ economy‚ and this was established through favorable trading partnerships with former enemies‚ which included the French and the English. While the United States thrived‚ British resentment
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Interest groups are a key aspect of American politics in the world today. An interest group is an organization of people with shared policy goals that enter the policy making process at several points to try and influence the policy. The development of interest groups has led to the creation of three theories used to describe them: pluralism‚ hyperpluralism‚ and elitism. Pluralism states that interest groups bring representation to all the people. Elitism is when there is an unbalance of power
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these ideas. Problems amongst the police force have been around since prohibition and are only increasing in our dangerous and corrupted society. Corruption‚ on-the-job dangers‚ and the use of deadly force are all issues facing the police departments today. Since the days of prohibition‚ corruption amongst officers has been a problem. Back when bootleggers were on the rise‚ officers were paid off to keep quiet about the consumption of alcohol. In today’s society Police crimes consist of beating innocent
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Before submitting your work to www.bradfield.co.uk please read the following statements and tick the appropriate box to show that you have understood and completed what is required. 1. I have read my work through and have checked it for spelling and grammatical errors using‚ where appropriate the spell and grammar checker on the computer. 2. I have written my name at the top of each page of my work and have numbered each page. 3. I have read the definition of plagiarism. I realise that plagiarism
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What is ‘housework’‚ and what changes are occurring in this area of work today? Broadly speaking‚ the term ‘housework’ is used to describe the management of the home‚ which ‘involves a range of activities‚ the purpose of which is to maintain household members’ (Hatt 1997: 39). Hatt discusses how the industrial revolution and the rise of capitalism created a tidal wave of mass social change; causing production to shift from within the household to the factory. The home is now the site of the ‘reproduction’
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