Q1: Assume Amazon .com began June with 10 units of inventory that cost a total of $190. During June‚ Amazon purchased and sold goods as follows: June 8 Purchase 30 units @ $20 June 14 Sale 25 units @ $40 June 22 purchase 20 unit @ $22 June 27 Sale 30 unit @ $40 Requirements: Under the FIFO and LIFO method 1. How much is Amazon’s cost of goods sold 2. How much is Amazon’s gross profit or loss 3. Journalize all Amazon’s inventory transactions for June. 4. Which method maximizes gross profit? Q2:
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MANAGERIAL ACCOUNTING REVIEW COURSE OUTLINE 2nd Semester SY 2014 – 2015 WEEK DATE DAY TOPICS 1 Nov. 10 Monday An Overview: The Role‚ Historical Perspective and Direction of Management Accounting 1 Nov. 12 Wednesday Cost Terms and Concepts 1 Nov. 14 Friday Prelim Quiz 1 2 Nov. 17 Monday Variable & Absorption Costing 2 Nov. 19 Wednesday Cost-Volume-Profit Relationship 2 Nov. 21 Friday Prelim Quiz 2 3 Nov. 24 Monday Budgeting 3 Nov. 26 Wednesday Budgeting 3 Nov. 28 Friday Prelim Quiz 3 Dec. 1 Monday
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The timeline of Archie Belaney to Grey Owl September 18 1888- Archie Belaney is born August 1903- Buffalo Bills Wild West show comes to town showing the glamour and mystery of the Indians leaving an impression on Archie March 29 1906- Archie boarded the SS Canada for Halifax Nova Scotia ready to embrace what he found (Major turning point) August 23 1910- Archie marries Angle Spring of 1911- there daughter Agnes is born Fall of 1911- feeling the pressure of being a father figure and with
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“Liam O’Flaherty (also known as Liam Ó Flaithearta) was born in 1896 in the small village of Gort na gCapall‚ on one of the Aran Islands in Galway. In 1908‚ at the age of twelve‚ he went to Rockwell College‚ and then went on to study at Holy Cross and University College‚ Dublin - he did not attend the first two schools for long. O’Flaherty initially intended to join the priesthood‚ but in 1917 he left school to join the Irish Guards‚ enlisting under the name ’Bill Ganly’. He was injured
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Rachel Carson was born on May 27‚ 1907 in Springdale‚ Pennsylvania. She grew up with abig appreciation for nature because her mom liked nature. She got a degree in Biology fromPennsylvania College for Women and a degree in Zoology from Johns Hopkins University. Sheworked for the U.S. Fish and Wildlife Service. She was known as a very good nature writer andwrote a lot of books about the living world and the ocean. She died in 1964 after a long fightwith breast cancer.In 1947‚ Time Magazine said that
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ATENEO CENTRAL BAR OPERATIONS 2007 Remedial Law SUMMER REVIEWER 3. Special Proceedings – remedy by which a party seeks to establish a status‚ a right‚ or a particular fact. CIVIL PROCEDURE CLASSIFICATION OF ACTIONS (A) As to nature RULE 1 GENERAL PROVISIONS Section 1. Title of the Rules The Rules of Court are not penal statutes. They cannot be given retroactive effect. They can‚ however‚ be made applicable to cases pending at the time of their passage and therefore are retroactive in that sense
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Capital Budgeting Techniques | | GLOSSARY Capital Budget: (1) The amount of money set aside for the purchase of fixed assets (e.g.‚ equipment‚ buildings‚ etc.). Also‚ (2) a request for authorization to purchase new fixed assets. Mutually Exclusive Proposals: Consideration of two or more assets that perform the same function. If one is chosen for purchase‚ the others are automatically rejected. Profitability Index: A ratio of the present value of the benefits (PVB) to the present value of the
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Brief Overview of Carl Sandburg: As I researched Carl Sandburg‚ I began to find that there were truly many sides to Carl Sandburg. First‚ he was a poet whose Chicago Poems brought him fame and recognition. He is often associated with the "Chicago Literary Renaissance‚" which took place in the 1910s and 1920s and included such authors as Theodore Dreiser and Edgar Lee Masters. However‚ Sandburg never believed he was an author for one place alone and actually termed himself "The Eternal Hobo."
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1. ¿Cuál es la situación que enfrenta David Pottruck y Charles Schwab en el 2002? En el 2001 el principal negocio de Charles Schwab‚ la correduría a descuento (discount brokerage) estaba en plena caída. Las ventas habían caído un 25%‚ mientras y las utilidades netas cayeron en 72% debido a que el promedio de transacciones realizadas por los clientes cayó un 34%. El reto para David Pottruck era reestructurar o reinventar el modelo de negocio original de Charles Schwab‚ ofreciendo servicios de correduría
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ACKNOWLEDGEMENT First of all‚ I would like to thank Almighty God for giving me the strength to do this SBA‚ Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way. AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios‚ how to operate a business and how to achieve customer satisfaction and to attain profit
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