Differentiate among the current account‚ balance of trade and balance of payments. Current account is the net profits that a country gain from its export and imports of goods and services‚ earning from foreign investment also the included the profits from transfer of payments. Current account is important because it includes all international merchandise trade and service accounts‚ that is‚ accounts for the value of all merchandise and services imported and exported and all receipts and payments
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stated that when a Trial Balance balances‚ it means the accounts are free of errors. I disagree with the statement. There may still be errors even if the trial balance is balances. There are six types of errors. The first type of error is the “error of omission” and the word omission mean left out. Its mean that a transaction is not recorded in the books of original entry‚ which mean both the debit and credit effects of the transaction are not shown in the Trial Balance. For example‚ a transaction
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CHAPTER 1 INTRODUCTION As people throughout the world awake each morning to face a new day‚ they do so under different circumstances. Some have more than enough to eat‚ are well clothed and healthy‚ and have a reasonable degree of food security. Others may have inadequate food and shelter. Their health is often poor‚ they may be unemployed and their prospects for a better life are uncertain at best. 1 As one of the developing countries‚ the Philippines is still suffering from several sociological
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www.hbrreprints.org BEST OF HBR Using the Balanced Scorecard as a Strategic Management System by Robert S. Kaplan and David P Norton . • Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 Using the Balanced Scorecard as a Strategic Management System 14 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and
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liabilities? Current assets: 6230-3910=2320 Current liabilities: 6230-39102320-640=1680 Total liabilities: 1680+4180=5860 2. Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15‚900 and depreciation is $680. What are the earnings before interest and taxes? Net Income: 75+418=493 75+418493/ (1-0.35) =758 Earnings before interest and taxes= 758.46+511= 1269 3. Winston
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1. Review the principles of competitive advantage in Figure 3-12. Which types of competitive advantage has BOSU used to defeat copycat products? Bosu has successfully used the principles of product enhancement‚ customer lock-in‚ raising entry barriers‚ and alliances to defeat copycat products 2. What role did information systems play in your answer to question 1? Information systems were very important. The database of trainer data was used extensively to help create and maintain the
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Question: Write a note on the importance of 7Cs in Business Communication. Effective communication is an important part of business success. The message is said to be effective when the receiver understands the same meaning that the sender was intended to convey. For any communication in business‚ in order to be effective‚ it must have seven qualities. These seven attributes are called seven C’s of effective business communication. (All these attribute starts with the alphabet ‘C’ so are called
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4 Characters: Dina‚ Ishvar‚ Om‚ Maneck. Ishvar is Om’s nephew. Dina is widowed. Maneck college student. Dina Shroff‚ who was raised by her strict brother after her father died she meets Rustom Dalal. The couple fall in love and marry‚ but on their third wedding anniversary Rustom is killed in a bicycle accident‚ leaving Dina alone. Rustom’s aunt teaches Dina to sew her eyesight begins to fail‚ so she is forced to find another way to make money Her friend Zenobia introduces
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The analysis and application of the balance sheet Kuang xin Financial accounting is one of the most popular major in the world. In the study of accounting‚ people must know and use expertly the three accounting statement‚ balance sheets‚ cash flow‚ and income statement. It is the most basic and useful skill in one’s career of accounting. But in the four basic financial statement‚ the balance sheet or called statement of financial position is the only one
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commissions‚ total trades‚ average daily trades‚ total accounts and total customer assets. Does DLJdirect have the financial capability to address new segments‚ e.g. to do more advertising to attract new kinds of customers? DLJdirect does have the financial capability to address new segments in the market and increase advertising to attract new customers. However when compared to its competitors‚ they are spending more money on customer acquisition. For example‚ E*Trade customer acquisition
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