The Role of Accounting on Business and our Society Purpose of Financial Statement Financial statement plays a significant role in business organization. Basically‚ it provides information about the performance‚ changes and the financial position of a business organization. The major purpose of financial statement is to provide essential information to a wide range of users as described below: Managers Financial statement helps the managers within a business organization to manage day
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IV. Identify three (3) risks of the bid strategy and then develop three (3) opportunities to mitigate each risk. After identifying the customer key evaluation requirements I have identified three risks that may affect our bidding strategy. First‚ I want to identify why it’s important to know your risks when creating a bid strategy to help you understand why I choose these top three risks. Risk management is the process of identifying risk issues and the options for controlling them‚ commissioning
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Assignment #1 – “The Patient Protection and Affordable Care Act” Terizian Ghourghy Dr. Daniel W. Jackson HSA 505 Health Services Strategic Marketing July 10‚ 2011 1. Determine how this Federal law will affect market-driven and non-market driven decisions. The Patient Protection and Affordable Care Act will have a great effect on the market-driven The concept of "market-driven management" is practiced with great success by many of the world’s leading corporations. But‚ it is a concept
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Essentials of Accounting Week 5 Assignment Chapter 9: E9-6 SY Telc has recently started the manufacture of RecRobo‚ a three-wheeled robot that can scan a home for fires and gas leaks and then transmit this information to a mobile phone. The cost structure to manufacture 20‚000 RecRobo’s is as follows. Cost Direct materials ($40 per robot) $ 800‚000 Direct labor ($30 per robot) 600‚000 Variable overhead ($6 per robot) 120‚000 Allocated fixed overhead ($25 per robot) 500‚000 Total $2‚020
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Assignment 1 E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list above would generally be reported as intangible assets in the balance sheet. 13. Goodwill acquired in the purchase of a business. 15. Cost of purchasing a patent from an inventor 16. Legal costs incurred in securing a patent. 17. Unrecovered costs of a successful legal suit
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COURSE INFORMATION Quarter – Winter 2013 Day/Time – Tuesdays‚ 6:00p.m.-10:00p.m. Instructor – Timothy E. Carr‚ CPA Instructor Email: timothy.carr@strayer.edu Instructor Phone: 901-359-8408 Instructor Office Hours – By Appointment COURSE DESCRIPTION This course provides a framework for financial accounting concepts and practices used by internal and external users in businesses. Topics presented include the accounting cycle‚ financial reporting‚ financial
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MKT 505 Dr. Benjamin Bao 4/22/2012 MKT 505 Dr. Benjamin Bao 4/22/2012 By: Brandon Lamond Meadows By: Brandon Lamond Meadows ACER ANALYSIS ACER ANALYSIS ACER ANALYSIS Founded in Taiwan‚ Acer is a multinational manufacturer of electronics. They also happen to own the largest franchised personal computer retail chain that exists in Taipei‚ Taiwan. It is also the 3rd largest personal computer manufacturer in the world behind Hewlett Packard and Dell Incorporated. Their product line
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Budget Request: Hiring New Officers in the Community. Garland B. Dunlap PAD 505 Dr. Popejoy 1.Include at least two (2) robust justifications for hiring new police officers. The justification should anticipate the key questions that the chief executive and council will likely ask. a. If this request is the result of an increased workload‚ how quickly did the workload increase? Could the increased workload be covered by part-time employees or by shifting employees from another area
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ACCT553 Week 3 Homework – ANDRE SILVA _________________________________________________________ Please provide your answer to each question in the space provided below. When finished‚ submit to the DropBox. Chapter 7 1. In your "own" words‚ please describe what a "Suspended Loss" is‚ how it is generated and when it is becomes deductible. (5 pts) Suspended losses occur when losses from passive activities exceed income from passive activities in a tax year. The excess
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9.3 B Davidson‚ DDS‚ purchased new furniture for its store on may 1‚ 2011. The furniture is expected to have a 10-year life and no residual value. The following expenditures were associated with the purchased: Cost of the furniture …………………………………………………… Freight charges ………………………………………………………… Sales taxes ……………………………………………………………… Installation of furniture ………………………………………………… Cost of repair furniture damaged during installation …………………… $11‚000 375 550 75 400 Instructions a. Compute
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