The financial statement can show the records of the financial activities of a business. It was designed for common people to be able to read and understand this information. Three strengths of the financial statement is it that the owners and managers are able to understand the financial position of the company‚ this also allows individuals the ability to evaluate the historical and prospective financial performance‚ and this statement gives a vivid picture of the company’s financial health which
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Marketing Plan Contents Introduction: Using the Marketing Planning Framework 1. Terms of Reference 2. Executive Summary 3. Business Mission 4. External Marketing Audit Macroenvironment The Market Competition 5. Internal Marketing Audit Operating Results Strategic Issues Analysis Marketing Mix Effectiveness Marketing Structures and Systems 6. SWOT Analysis 7. Marketing Objectives Strategic Thrust Strategic Objectives 8. Core Strategy
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Assignment: Critiquing Philosophical Approaches to Ethical Decision Making When it comes to making ethical decisions there are many different approaches to reach a decision. There is an ethical decision making (EDM) framework which incorporates traditional requirements for profitability and legality‚ as well as requirements shown to be philosophically important to stakeholders. The EDM framework asses the ethicality of a decision or action by examining the consequences or well-offness created in
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Small Business Idea Starting a business can be one of the most challenging endeavors to engage. Indentifying a need or want in a given industry‚ completing the pre-business research‚ demographics and analyses‚ then determining financial feasibility is only the tip of the iceberg. Choosing the right business structure will contribute to its long term success. Therefore‚ when selecting the appropriate business type‚ one must carefully consider the following: taxes‚ liability‚ administrative burdens
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Company Selection I have selected Apple as the company that I will be following financially for the duration of Accounting 561. Not only am I a passionate Apple user‚ I also believe in how the company develops‚ creates‚ and markets their product lines for consumer use. They have created products that are so complex at their core with an extremely simple user experience‚ which has been nothing short of remarkable to watch from the time I was a child through adulthood. I look forward to studying
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You have been assigned to analyze the accounting information for a Fortune 500 corporation. From the e-Activity‚ evaluate which tools you would use to analyze its business processes‚ indicating your rationale. The State Farm Insurance Company operates using a mutual company conducting business throughout the US and Canada. The company business lines include property‚ casualty‚ and life insurance companies. Since State Farm is a mutual company‚ it is collectively owned by State Farm policyholders
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Chapter 14: Problems 14-28(a-c) A. Test of Control or Substantive Test of Transactions | B. Transaction-related Audit Objective(s) | C. Substantive Test | Substantive Test of Transactions | Accuracy | N/A | Substantive Test of Transactions | Posting and summarization | N?A | Test of Control | Accuracy | Compare unit selling prices on duplicate sales invoices to the approved price list. | Test of Control | Classification | Examine a sample of sales transactions to determine if
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WCP 7 Part 2 a) Without considering the possibility of making the timing unit evaluate whether Waterways should buy or continue to make the small fitting. Manufacturing cost - $ 1.00 per unit Buying price - $ 0.82 per unit Fixed cost (cannot be eliminate) - $ 0.20 per unit Total unit (Small Fitting) - 460 000 units Make Buy Net Income Manufacturing Cost $460 000 $ 460 000 Purchase $377 200 $ (377 200) Fixed Cost Not Eliminated $ 92 000 $ (92 000) Total Annual Cost $ 460 000 $
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1. Recognition of normal balances a. Amounts paid to a mall for rent -expense b. Amounts to be paid in 10 days- liability c. A new fax machine purchases for office use- assets d. Land held as an investment - assets e. Amounts due from customers -assets f. Daily sales of merchandise sold - revenue g. Promotional costs to publicize a concert - expense h. A long-term loan owed to Citizens Bank -liability i. The albums‚ tapes‚ and CDs held for sale to customers –assets Normal balance for: liability
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Week 3‚ Journal Go the Hershey website to learn how to make Hershey chocolate. (There is also a "print friendly" version of the chocolate making process at the end of the video.) Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing‚ mixing the ingredients‚ and refining. In at least one paragraph‚ describe the costing system that you would recommend Hershey use to account for its cost of goods sold and why. Include a few
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