31: Cash $ 6‚700 Accounts receivable $ 40‚200 Inventory $ 10‚640 Buildings and equipment‚ net $ 113‚230 Accounts payable $ 36‚120 Common shares $ 104‚000 Retained earnings 30‚650 a. The gross margin is 30% of sales. b. Actual and budgeted sales data are as follows: December (actual) $ 67‚000 January $ 76‚000 February $ 87‚000 March $ 92‚000 April $ 62‚000 c. Sales are 40% for cash and 60% on credit. Credit sales are collected
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around 60% of the total labor force. Meeting the nation ’s food requirements remains the key-objective of the government and in recent years there has been substantial increase in grain production. However‚ due to calamities like flood‚ loss of food and cash crops is a recurring phenomenon which disrupts the continuing progress of the entire economy. Ensuring food security for the vast population of Bangladesh is directly associated with the agricultural development in the country. The Government
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plan for the efficient operation of the organization". The overall goal of financial management is to meet the total financial needs of the organization. Budgeting: is the planning function of financial management. The budget translates operational plans into monetary terms. Budget: is defined as "a written financial plan aimed at controlling the allocation of resources" - Or "a statement of expected expenses and revenues over a specific period of time". Expenses: are defined as "the costs
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CHAPTER 1 NATURE OF SALE DEFINITION OF SALE Article 1458 of the Civil Code defines “sale” as a contract whereby one of the contracting parties (Seller) obligates himself to transfer the ownership‚ and to deliver the possession‚ of a determinate thing; and the other party (Buyer) obligates himself to pay therefor a price certain in money or its equivalent.1 The Roman Law concept embodied in the old Civil Code2 that treated delivery of tangible property as the sole purpose of sale has been modified under
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Financial Markets and Services Year 4 Superior Manufacturing is thinking of launching a new product. The company expects to sell $950‚000 of the new product in the first year and $1‚500‚000 each year thereafter Superior Manufacturing is thinking of launching a new product. The company expects to sell $950‚000 of the new product in the first year and $1‚500‚000 each year thereafter. Direct costs including labor and materials will be 55% of sales. Indirect incremental costs are estimated
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PROCEED vs TH QUALITATIVE ANALYSIS The arguments supporting going ahead with PROCEED are as follows: * Salesoft will lose their first mover advantage in the CSAS market if they divert their attention to TH | * TH will prevent SaleSoft from partnering with consultants | * SaleSoft has promised the delivery of the remaining modules of PROCEED to current customers by June 1998 | * Twenty Prospects for PROCEED want to see completed product before making any purchase commitments
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introduced. However‚ there have been issues associated with the efficiency and effectiveness of the same. Rampant leakages and corruption have made many of the schemes and programs dysfunctional. Direct Cash Transfer to the poor has been aimed to mitigate these malaises. Need for Direct cash Transfer: Recent studies by the Planning Commission have shown that the Public Distribution System has become so inefficient that 58% of the subsidized grains do not reach the targeted group and almost
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Throughout our country’s history there have been many examples of fraud and scandal. One of the most well-known scandals of our century is the 1919 Chicago White Sox Scandal. The movie “Eight Men Out” shows us what really happened throughout the 1919 baseball season with the Chicago White Sox. The Chicago White Sox were a Major League Baseball organization who was run by their penny-pinching owner‚ Charles Comiskey. He has been under -paying his players‚ despite the fact that they were the clear
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METRO Cash and Carry Executive Summary: Metro Group‚ Germany’s largest trade and retail group‚ is a major international player with sales of over €55.7 billion by 2005 and continued plans for substantial international expansion. Metro group is organized into four business units: • Real/Extra: Everyday retail hypermarket • Kaufhof: Upmarket department store chain • Media Market/Saturn: Leading Electronics Retail Chain • Metro Cash and Carry ‘Metro Cash & Carry’ stands for one of the
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Point of sale software gives business owners a convenient way of checking out customers and of recording sales. It can keep a record of the store inventory‚ updating it when an order is processed. It can also print out receipts‚ carry out credit card processing‚ track customers‚ etc. Point of sale software eases the flow at checkout terminals‚ while recording all the information that can help you make better business decisions. Point of sale software allows users to input via keyboard or mouse‚
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