1. RATIO ANALYSIS 1.1. Profitability Ratio 1.1.1. Gross Profit Ratio Gross Profit equal to Gross Profit divided by Sales for the same time period and it is express as a percentage. Through the Gross Profit Ratio we can compare among companies’ with too different sales levels. Lucky Lanka and Lanka Milk foods (CWE) both companies are in Dairy sector and comparing the two gross profit ratios is reasonable. LUCKY LANKA LANKA MILK FOODS (CWE) 2014/2013 2013/2012 2014/2013 2013/2012 Gross
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BACKFLUSH COSTING Definition of Backflush Costing : A streamlined cost accounting method that speeds up‚ simplifies‚ and reduces accounting effort in an environment that minimizes inventory balances‚ requires few allocations‚ uses standard costs‚ and has minimal variances from standard Product costing approach‚ used in a just - intime (jit) operating environment‚ in which costing is delayed until goods are finished. Standard costs are then flushed backward through the system to assign
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CHAPTER: SHORT TERM FINANCING Topics to be Covered: 1. Meaning and nature of short-term financing. 2. Sources of Short Term Financing. 3. Advantages of Short-Term Financing. 4. Disadvantages of Short Term financing. 5. Purpose of Short-Term Financing. 6. “Ideal Concept” of Short-Term Financing. 7. What is Trade Credit? 8. Reasons for the use of Trade Credit. 9. Factors determining the amount of Trade Credit used 10. Cost of Trade
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prosecution or other legal proceeding‚ civil or criminal on behalf of the company. ❖ To carry on the business of the company so far as may be necessary or beneficial to it. ❖ To pay to the creditors. ❖ To make any compromise or arrangement with creditors. . ❖ To sell the movable and immovable property of the company by public auction or private contract‚ with power to transfer to any person or to sell the same in parcels. ❖ To do all acts and to
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each of the debtor is liable only for a proportionate part of the debt and each creditor is entitled only to a proportionate part of the credit 6. SOLIDARY – each debtor is liable for the entire obligation‚ and each creditor is entitled to demand the whole obligation. Solidarity is classifies as: (a) ACTIVE – solidarity among creditors‚ (b) PASSIVE – solidarity among debtors‚ (c) MIXED – solidarity on the part of creditors and debtors. 7. DIVISIBLE – obligation in which is susceptible of partial performance
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not tell | |the whole story. There is no record of outstanding debtors or creditors‚ nor of stock‚ nor‚ without | |analysis‚ of for what receipts and payments have been received and paid‚ or‚ in some cases‚ of the split | |between revenue and capital items. As a result‚ in an incomplete record system:- | |€the figures must be calculated‚ extrapolated‚ or extracted in the case of creditors and debtors | |to arrive at the year-end profit and loss account and
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debtor o. Appropriation by the creditor p. Appropriation by law where neither party appropriates 4. Banker Regarded As A Favoured Debtor……………………………………….pages 18-20 q. Relation of a debtor and a creditor r. General obligations of banker towards customer 5. Conclusion……………………………………………………………………… page 20 6. Bibliography……………………………………………………………………..page 21 RIGHT OF LIEN * INTRODUCTION -WHAT IS LIEN? A lien is the right of a creditor in possession of goods‚ securities
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and survey. The questionnaires were delegated to professionals in construction projects who have direct contacts with foreign workers. Only respondents from those companies registered under the CIDB grade G7 were chosen for this survey. There were 117 sets of questionnaires completed and analyzed through the structured interviews. The three principal factors attracting foreign workers to the Malaysian construction market are “Preference of the employers”‚ “Lifestyle and working conditions”‚ and “Unattractiveness
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This shows that the company is not collecting on their receivables as often. Berry’s bug blasters does not sell merchandise therefore there is no inventory turnover. The people who are interested in the liquidity ratios would be investors and creditors in the current ratios‚ acid-test ratios‚ receivable turnover‚ and the inventory turnover to determine the stability of the company and the ablity to meet its liabilities. The data shows that the company is making plenty of revenue to meet their
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structure of the company did improve. Total liabilities and shareholder’s equity went from a negative 21% in 2003 to a negative 8% in 2004. The equity position is a deficit but it has improved somewhat from one year to the next. Investors and creditors should be concerned about the
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