Comprehensive Problem 1: Service Industry Note: This problem has a value of 10% of the final grade. Objectives: Demonstrate application of accounting concepts pertaining to a service company‚ including the following: selection of business form‚ journalization and posting of daily transactions‚ creation of unadjusted trial balance‚ adjustment of the accounts to properly report changes in balances‚ creation of financial statements‚ completion of the closing process with appropriate closing
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The adoption of the AASB 8 has encompassed the transformation from a perspective approach to a management approach to segment reporting. Commentators have contended that the approach places favouritism on preparer’s rather than the users‚ in contrast to its predecessor AASB 114. The favouritism is sourced from the discretion that managers are provided with under the AASB 8. The implementation of the management approach under AASB 8 implies that operating segments identified within internal reports
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PS 241 Professor Lees 10-31-00 Components Of Law In class‚ we broke components of law up into four categories. System of social norms on which laws are based‚ a group empowered to enforce the laws‚ a legitimate system of enforcement‚ and a system for interpreting the law. Throughout this essay I’ll divide up these categories‚ and give examples of each of them. A system of social norms on which laws are based‚ generally determine what is good or bad in a society. Legalization of
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Accounting 430 - Quiz 8 1) Assuming a 25 percent tax rate‚ compute the after-tax cost of $23‚000 worth of advertising costs. (part c) a) $23‚000 b) $20‚125 c) $17‚250 Because the advertising cost is deductible‚ its after-tax cost is $17‚250 ($23‚000 - [$23‚000 × 25%]). d) $27‚500 2) In 2013‚ Firm A paid $50‚000 cash to purchase a tangible business asset. In 2013 and 2014‚ it deducted $3‚140 and $7‚200 depreciation with respect to the asset. Firm A’s marginal tax rate in both years was 35
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PS I LOVE YOU The movie I chose was P.S. I Love You. To begin with‚ I chose this movie because I have not seen it yet‚ but I have heard from my friends that it was a movie that I cannot miss out on. Reading the captions of the movies‚ it seemed very interesting and as soon as I was done with the movie‚ I gladly found it interesting. P.S. I love you had a unique plot compared to other love movies‚ after reading the synopsis I could automatically relate this movie with Chapter one on “Myth of the
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asset are capitalized if they provide future benefits. 6. When an ordinary repair occurs‚ several periods will usually benefit. 7. If a company scraps an asset without any cash recovery‚ it recognizes a loss equal to the asset’s book value. 8. An impairment loss is the amount by which the carrying amount of the asset exceeds the sum of the expected future net cash flows from the use of that asset. 9. The first step in determining whether an impairment has occurred is to estimate the future
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WINDOWS 8 Introduction: Windows 8 is an operating system produced by Microsoft for use on personal computers‚ including home and business desktops‚ laptops‚ tablets‚ and home theater PCs. Development of this operating system started before the release of its predecessor in 2009. Its existence was first announced in January 2011 at Consumer Electronics Show. During its development and test phases‚ Microsoft released three pre-release versions:
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Describe the company’s marketing mix in terms of the 4Ps of Marketing. 1.1.1 Product Nestle Milo is a product that is well-known by the others‚ it is the first global nutritional labelling system. Nestle brand is a trusted product that is safe to consume. Milo is a chocolate malt beverage that is found in every hypermarkets and shopping malls. Milo drinks is trusted and loved by the parents and child. Milo contains of minerals and nutrition that produces energy. It is a tasty and healthy
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A SUMMER TRAINING REPORT ON EMPLOYEE JOB SATISFICATION AT DAINIK BHASKAR AND DAINIK JAGRAN SUBMITTED TO PUNJAB TECHNICAL UNVERSITY JALANDHAR In partial fulfillment of requirement for the award of degree Of MASTER OF BUSINESS ADMINSTRATION (MBA) Supervised by Submitted by Ms GAGANDEEP KAUR BAVNEET SANDHU ASSISTANT PROFESSOR MBA 4RD SEM 1273393 GLOBAL INSTITUE OF MANAGEMENT AND EMERGING TECHNOLOGIES AMRITSAR SESSION
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Chapter 8 PORTFOLIO SELECTION Multiple Choice Questions Building a Portfolio Using Markowitz Principles 1. According to Markowitz‚ rational investors will seek efficient portfolios because these portfolios are optimal based on: a. expected return. b. risk. c. expected return and risk. d. transactions costs. 2. Under the Markowitz model‚ investors: a. are assumed to be risk-seekers. b. are not allowed to use leverage. c. are assumed
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