CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends
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ILM Level 5 Diploma in Management Improvement Report (M5.01‚ M5.02‚ M5.03) Joanne Waylett Contents Terms of Reference …………………………………………………............................... Page 3 Introduction …………………………………………………………………………………
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Peter Drucker (1909-2005) Peter Drucker is known as the father of modern management. A prolific writer‚ business consultant and lecturer‚ he introduced many management concepts that have been embraced by corporations around the world. Peter Ferdinand Drucker (November 19‚ 1909 � November 11‚ 2005) was a writer‚ management consultant‚ and self-described �social ecologist.� His books and scholarly and popular articles explored how humans are organized across the business‚ government and the
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The Global Environment In the past‚ managers have viewed the global sector as closed. Each country or market was assumed to be isolated from others. Firms did not consider global competition‚ exports. Today’s environment is very different. Managers need to view it as an open market. Organizations buy and sell around the world. Managers need to learn to compete globally. Tariff Barriers A tariff is a barriers to trade. Tariffs are taxes levied upon imports. These seek to protect jobs in
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INTRODUCTION. Principles of support is an important element for a successful health and care setting‚ they are applied in health and social care to ensure that clients are cared for in the best possible way. This assay is going to define what principles are and how they are applied in health and social care sectors. It will also talk about protection of individuals from harm‚ person cantered approach‚ ethical dilemmas according to the scenarios given‚ implementation of policies‚ legislation‚ regulations
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Task 1 Demonstrate that you understand project management principles. a. Describe the background and principles of project management Project management is a planned and structured effort to achieve an objective or is the process of managing‚ allocating‚ and timing available resources to achieve the desired goal of a project in an efficient and expedient manner‚ for example‚ creating a new system or constructing a project. Project management is widely recognized as a practical way of ensuring that
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Question 1 Highlight the production management philosophy and principles of TOC The Theory of Constraints is a management philosophy introduced by Dr. E Goldratt through his book ‘The Goal’ (1992 2nd Ed.). The Theory of Constraints (TOC) focuses‚ through scientific principles‚ on the resources of an organisation by improving the performance of the constraint that directly affects the production methods of a specific company. It is an approach which seeks to solve constraints and problems
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idea of 14 principles of Management? Henri Fayol (1841-1925) was the managing director of large coal mining firm. He became famous by writing 14 principle of management. He described the practice of management as something distinct from accounting‚ finance‚ production‚ distribution‚ and other typical business functions. His belief that management was an activity common to all human beings in business‚ government‚ and even in the home led him to develop 14 principles of management. These are
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BASIC WORKOUTS INSTRUCTIONS 1. Determine your 1 Set Max and create a personalized workout - see “Customize Your Workout” below 2. Review the Checklist before each workout for proper form and breathing 3. Follow the schedule to Get Ripped! The Pullup Perfected Traditional pullups can be intimidating. That’s why we created the Perfect Pullup. With its unique adjustable Swing Arm‚ now anyone can do a pullup and benefit from the great upper body and core exercise. The Perfect Pullup adjusts
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Practical Accounting 1 Cash and Receivables -1. Assume the following facts for Kurt Company: the month-end bank statement shows a balance of P40‚000: outstanding checks totaled P2‚000; a deposit of P8‚000 is in transit at month-end; and a check for Pf400 was erroneously charged against the account by the bank. What is the correct cash balance at the end of the month? a. P33‚600 c. P45‚600 b. P34‚400 d. P46‚400 2. The August 31 bank statement of K‚ Inc. showed a balance of P113‚000. Deduction in
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