should be recorded as warranty expense for 2013 by the company? ii) What warranty provision should be included in the company’s statement of financial position as at December 31‚ 2013? b) Kleinberg Corporation was sued by a customer for product liability. The customer sought damages of $1‚500‚000. At the its December 31‚ 2012‚ year-end‚ the company obtained an opinion from their lawyers that the customer had a 75% likelihood of winning the suit with the damages likely to be assessed in the range
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Contents Of Assignment Problems Problems For Chapter 2 Assignment Problem Two - 1 (Held-For-Trading and Available-For-Sale) Assignment Problem Two - 2 (Fair Value And Equity Methods) . . . . Assignment Problem Two - 3 (Cost And Equity Methods) . . . . . . Assignment Problem Two - 4 (Classification Of Equity Securities) . . . 1 1 1 2 3 Assignment Problem Six - 3 (Consolidated Cash Flow Statement - Profits) . . . . Assignment Problem Six - 4 (Completed Consolidated Statements With Questions)
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Yangon Institute of Economics Department of Management Studies MBA Programme Business Plan for POINT footwear manufacturing and distribution Submitted by : Nay Zar Myo Roll No : 36 15th Batch MBA Plan Outline 1. Executive Summary 2. Company Summary 3. Products 4. Market Analysis Summary i. Market Segmentation ii. Distribution Strategy iii. Market Trends 5. Competition and Buying Patterns Competitive Edge 6. Strategy and Implementation Summary Sales Strategy 7. Management
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Implementation‚ Strategic Controls‚ and Contingency Plans Draken Private Security Martin Beyeler STR / 581 March 9‚ 2015 Professor Jill Risner Implementation‚ Strategic Controls‚ and Contingency Plans DRAKEN needs new growth methods‚ product development and new revenue sources. The implementation plan below will identify the course of action best suited for the company along with the objectives‚ functional tactics‚ action items‚ milestones‚ task ownership
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Chapter 3 Problems 1. Dental Delights has two divisions. Division A has a profit of $200‚000 on sales of $4‚000‚000. Division B is only able to make $30‚000 on sales of $480‚000. Based on the profit margins (returns on sales)‚ which division is superior? 3-1. Solution: Dental Delights Division A Division B [pic] Division B is superior 3. Bass Chemical‚ Inc.‚ is considering expanding into a new product line. Assets to support this expansion
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financial position of the business. A statement of assets minus the liabilities will show the businesses equity. The basic terminology of accounting is debits and credits. A debit is a transaction of value. A credit is to remove a transaction of value. Assets are accounts that add value. Liabilities are accounts that remove value. Equity is the business owner value or investor’s value. An example of an asset would be your home. The liability would be your home loan. The loan removes value from your individual
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000-14‚000‚000= $16‚000‚000 $23‚000‚000-14‚000‚000=$9‚000‚000 16‚000‚000-9‚000‚000=$7‚000‚000 Req.3 The AES’s performance for 2012 is good‚ because 2012 was a profitable year. (30-40 min.) E 1-25 Req. 1 Assets - Liabilities = Owner’s equity Beginning $ 45‚000 - $29‚000 = $16‚000 Ending $ 55‚000 - $38‚000 = $17‚000 Owner’s equity Beginning balance: $ 16‚000 Investment by the owner 0 Net income 20‚000 $36‚000 Drawings (19‚000) Ending
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Prob. 1–5B 1. Assets = Liabilities + Stockholders’ Equity Accounts Accounts Cash + Receivable + Supplies + Land = Payable + Capital + Retained Stock Earnings $25‚000 + $30‚000 + $5‚000 + $50‚000 = $18‚000 + Capital + Retained Stock Earnings $110‚000 = $18‚000 + $35‚000 + Retained Earnings $57‚000 = Retained Earnings Prob. 1–5B (Continued) 2. Stockholders’ Assets = Liabilities + Equity Accounts Accounts Capital
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INTRODUCTION TO ACCOUNTING ACNT 1303 Lecture Notes GENERAL INFORMATION FOR COMPLETING THE CLASS The following is a summary of the twelve chapters that you will be completing this semester. Be sure that you are taking the time to read and STUDY each chapter. It is important to go through each of the examples in the book and to complete the Review Quiz. Spending time reading and understanding before you start the homework assignment will help you to complete in the exercises and case problems
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Chapter 15 Capital Structure Policy 15-1. A. We can calculate Webb’s debt ratio using equation 15-1: total liabilities debt ratio = . total assets Webb’s total debt includes both its current liabilities of $750‚000 and its long-term debt of $750‚000. Webb’s total debt is therefore $1‚500‚000. Its total assets‚ which equal the total of its debt and owners’ equity‚ equal $2‚000‚000. The firm’s debt ratio is therefore: $1‚500‚000 debt ratio = = 75%. $2‚000‚000 Using its book
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