1. IntroductionPensonic Company Pensonic is one of the most successful trading companies in Penang‚ Malaysia that sells a wide variety of electrical appliances. In addition to its own brand “Pensonic”‚ the company also owns the German brand “Lebensstil Kollektion” and owns the sole-distribution rights for the Dutch brand “Princess” in Malaysia. Pensonic also established a mass production hub and international distribution network of electrical home mechanism and an international distribution network
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Laurel Cobb Course Title: Managerial Accounting for Decision Making Assignment 1- GAAP‚ JIT‚ and TOC Question/Prompt Please describe the implications of GAAP in an international company and how JIT and TOC are important to making managerial decisions on inventory and activity based accounting. Please delineate various cost categories and briefly describe each cost type and application within an enterprise. Review of Subject Generally Accepted Accounting Principles (GAAP) is a widely accepted
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become possible. The Constitutional Convention was created to fix the problems that was facing the Articles of Confederation were the thirteen states became a confederation with a weak central government that gave some of their powers to the national government. Delegates‚ people who represented what the society wants‚ decided to not only helped with the Articles of Confederation‚ but also propose a new American government. During the Constitutional Convention‚ delegates also discussed how much power
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purpose to revise the Articles of the Confederation. The Articles had many weaknesses one of its main weaknesses was the power that each individual state had‚ along with each states representation in Congress. This would be known as the Constitutional Convention‚ the delegates present were all came from the upper class of American Society they were well educated and wealthy. These men came together with the mission of making
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Before the Philadelphia Convention in 1778‚ individual states had their own constitutions. Some only a few short pages in length‚ others up to one hundred pages long. Religious beliefs and statuses were something of importance. It was referenced when it came to choosing a representative that will attend the convention‚ established in the oath the representative had to take to hold office‚ and later was seen to make decisions for the revised constitution. Several states had no official establishment
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$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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their mind. Also‚ using different ways to describe a character makes it easy to relate the character to the reader’s own life. In The Odyssey by Homer‚ translated by Robert Fagles‚ Homer uses an immense amount of epic conventions to illustrate an epic hero. Homer’s use of epic conventions help enrich characters and events that take place throughout the epic. Homer uses epic epithets‚ which helps makes a character or object more relatable. The same character is often given several different epithets
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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