Gross profit is a company’s residual profit after selling a product or service; it involves deducting the cost associated with the production and sales. To calculate gross profit it involves examining the income statement. In the income statement you take the revenue and subtract the cost of goods sold. This is also called gross margin and gross profit. Gross profit is needed in a company because it shows how efficiently management uses labor and supplies in the production process (Investopedia
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Chapter 12 & 13 1. A sales manager collected the following data on salespersons’ annual sales and years of experience. Years of Annual Sales Salesperson Experience ($1000s) 1 1 80 2 3 97 3 4 92 4 4 102 5 6 103 6 8 111 7 10 119 8 10 123 9 11 117 10 13 136 a. Develop a scatter diagram for these data with years of experience as the independent variable. b. Develop an estimated regression equation that can be used to
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Sarah GunsetACCT 325 Phase 2 IP-2Jason Cade July 21‚ 14 Ethics plays such an important role in the business world. There are organizations and boards that set guidelines specifically to improve the work environment and help control the amount of ethical dilemmas. The SEC works as the head quarters for these boards and has developed many new guidelines since the crisis of the early 2000’s. The International Ethics Standards Board for Accountants (IESBA) has established ethical standards and
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Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
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There is ACC 205 Week 4 Assignment P7-31A‚ P8-32A‚ P8-26A‚ P8-27A‚ P7-27A in this pack. Deadline: ( )‚ Business - Accounting Week1 D1: As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation. D2: What does the term account mean? What are the different classifications of accounts? How do
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theirs is the kingdom of heaven." Someone prays every day‚ but always offers pray for others and not him or her. A person gives up all of his or her free time in order to volunteer. A family works to ensure that God is part of their daily lives. Reflection: Showing humility to others is the best explanation for the first beatitudes that explains the willingness and unselfish of helping other people and God is always on the top of the ladder He is always part of the company of the family "Blessed
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DAP interview critiques touched on - saying I needed to develop a voice. As a result‚ I will continue to work towards my voice each and every day. 5. I demonstrated knowledge of standards and Marianist Characteristics‚ which includes critical reflection of these standards and
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In the context of professional practices reflection is defined as the examination of personal thoughts and actions (David‚ 2004). In this essay I am reflecting on an incident that happened in my earlier years of working as a professional nurse. The incident I am sharing and the subsequent learning I have gained by reflecting it helped me in the later years of my nursing career. During my career as a professional nurse I have worked in several hospitals also attended several cases and those provided
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Slowmation Reflection Narrative The activity the group was asked to perform was to create a Slowmation relating to the Year 9 History QSA curriculum. The purpose of this was to facilitate learning and develop Deep Understanding (Killen‚ 2009‚ pp. 20-21) of the curriculum through the use of Higher Order Thinking Skills (HOTS) (Killen‚ pp.22-23). This narrative outlines the processes taken and critically evaluates (through Bloom’s Taxonomy (Killen‚ p. 23)) the activity as a form of pedagogy that promotes
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INTRODUCTION This report consists of 5 reflections related to auditing standards and each case was extracted from internet sources. The purpose of this report is to reflect and understand each case. REFLECTIONS First reflection is on China sky case for its non-compliances with SGX. Next is the case on corporate governance where new rules were proposed to improve risk management and risk control. Third will be the extracted information of executives’ compensation in
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