A Study of the Effects Accounting Standards Have in Financial Reporting Cornelius Andre Morgan Kaplan University AC 558 Professor R. Byers October 28‚ 2014 Financial Reporting of the Volkswagen Group Introduction In today’s economic climate‚ companies are expanding outside of their home countries to continue to compete and expand their share of the marketplace. (Radebaugh‚ Gray‚ & Black‚ 2006) Something to keep note of with the increasing trend of economic globalization will be how the accounting
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3: Describe the facts and analyze the rule of law in Woolmington v DPP [1935] AC 462 In the case of Woolmington v DPP [1935] the appellant Reginald Woolmington took measures into his own hands and stole a double barreled shotgun from his employer to persuade his wife Violet Kathleen Woolmington of three and a half months to return to him after she had left on November 22 1934 to live with her mother. The appellant rode over to the house on a bicycle where he shot his wife‚ in January of the following
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| Week 4 | | | | | | | | | Capital Budgeting Problem | | | | | | | | | | | | | | | | | Data: | | | | | | | | Initial investment | $80‚000 | | | | | | | Increase in working capital | $20‚000 | | | | | | | Length of investment | 6 | | | | | | | Salvage value | $8‚000 | | | | | | | Before tax annual cash inflows | $28‚500 | | | | | | | Tax rate | 35% | | | | | | | Discount rate | 14% | | | | | | | | |
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Sovereign Millwork‚ Ltd.‚ produces reproductions of antique residential moldings at a plant located in Manchester‚ England. Because there are hundreds of products‚ some of which are made only to order‚ the company uses a job-order costing system. On July 1‚ the start of the company’s fiscal year‚ inventory account balances were as follows: Raw Materials | £10‚000 | Work in Process | £4‚000 | Finished Goods | £8‚000 | The company applies overhead cost to jobs on the basis of machine-hours.
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Case Study I Materials purchased $325‚000 Direct Labor $220‚000 Sales $1‚350‚000 Gross Margin 30% Cost of Goods Available for Sale $1‚020‚000 Prime Costs $545‚000 Manufacturer Overhead 65% of Conversion cost Direct Materials $325‚000 Beginning Inventory numbers: Raw Materials $41‚000 Works in Process $56‚000 Finished Goods $35‚000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost
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History Homework How far do you agree with the view that Germany’s aggressive actions were chiefly responsible for the outbreak of the First World War? Source 1‚ written by Blackbourn agrees with the statement that Germany’s aggressive actions were responsible for the outbreak of war in 1914. L.F.C Turner also agrees with Blackbourn that the outbreak of the First World War was primarily down to Germany’s aggressive actions whereas Niall Ferguson disagrees with the statement and instead believes that
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PRINCIPLE OF GENERATION‚ TRANSMISSION AND DISTRIBUTION OF HIGH AC VOLTAGES INTRODUCTION The potential benefits of electrical energy supplied to a number of consumers from a common generating system were recognized shortly after the development of the ‘dynamo’‚ commonly known as the generator. The first public power station was put into service in 1882 in London (Holborn). Soon a number of other public supplies for electricity followed in other developed countries. The early systems
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ILM level 3 Colin Rodgers ASSIGNMENT; AC 1 UNDERSTANDING LEADERSHIP STYLES Introduction I have worked for Blackpool Council for 25 years‚ 13 year in learning disabilities and 12 years in mental health. I was made redundant in 2014 due to budget cuts but was redeployed in April 2014 which I took as an opportunity to develop my career in becoming a Duty Manager (DM) at the Phoenix Service. The Phoenix Service is a unique service that consists of a 6 beds which are utilised by a referral process that
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Communication and professional relationships with children‚ young people and adults. Standard 301 Explain the principles of relationship building with children‚ young people and adults AC 1.2 The principles of relationship building with children and adults in any context are that others can be comfortable in our company; people will be more likely to communicate effectively. Whereas if there are respect and trust issues people are less likely to be open to communication and
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1. Businesses operating in the primary sector are involved with the extraction‚ harvesting and conversion of natural resources‚ e.g. agriculture‚ fishing‚ mining and oil extraction. Roger Williams made a large fortune in this sector before establishing The Imperial. 2. The chance for a business of expanding into a new product and/or market. Roger Williams perceived the hotel business as under provided and hence saw a market opportunity in founding a new hotel‚ The Imperial. 3. A growth strategy
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