1. If 6 workers can harvest a field in 18 hours‚ how many workers would it have taken to do it in 3 hours? Solution: Let x be the number of workers it would have taken. (6 workers)(18hours) =(3 hours) x (3 hours)x 108 worker-hours =3x hours 3x hours 36 workers =x x 2. If 8 workers can plant a garden in 6 hours‚ how many workers would it have taken to do it in 4 hours? Solutions: Let x be the number of workers it would have taken. (8 hours) (6 hours) = (4 hours)
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TAX FORM/RETURN PREPARATION PROBLEM C9-57 The Dapper-Dons Partnership (employer identification no. 89-3456798) was formed ten years ago as a general partnership to custom tailor men’s clothing. Dapper-Dons is located at 123 Flamingo Drive in Miami‚ Florida 33131. Bob Dapper (Social Security No. 654-32-1098) manages the business and has a 40% capital and profits interest. His address is 709 Brumby Way‚ Miami‚ Florida 33131. Jeremy Dons (Social Security No. 354-12-6531) owns the remaining 60%
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Balance Sheet Items presented on the face of the statement of financial position represents an entity’s assets‚ liabilities‚ and equity (net assets) at a given point in time‚ a specific date. These items should be sufficiently detailed to enable identification of material components under US GAAP. In contrast the Financial Instruments and Exchange Act requires Japanese GAAP to present items in a more detailed manner compared to IFRS and US GAAP. Thus Bridgestone‚ following JP GAAP have more accounts
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planning the audit of a client ’s inventory‚ an auditor identified the following issues that need audit attention. 1. Inventories are properly stated at the lower of cost or market. 2. Inventories included in the balance sheet are present in the warehouse on the balance sheet date. 3. Inventory quantities include all products‚ materials‚ and supplies on hand. 4. Liens on the inventories are properly disclosed in notes to the financial statements. 5. The client has legal title to the
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Page No. 1. Cover Page……………………………………………………………………1 2. Contents. ………………………………………………………………….2 3. Computing the Amounts……………..……………………………3 4. Trading‚ Profit & Loss Account and Balance Sheet….9 5. Comments on the Performance of the Business…….10 6. Explaining the Limitation of Comparison…………...….12 7. References………………………………………………..……………..13 (A) Compute the following amounts: (I) Average Stock: Average stock = opening
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Question 20 marks Brushstroke Art Studio Company provides quality instruction to aspiring artists. The Business adjusts its accounts monthly‚ but performs closing entries annually on December 31. Given below is the studio’s unadjusted trial balance dated December 31‚ 2011. Brushstroke Art Studio Company | Unadjusted
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Madrid the city of El Foro‚ The Forum is vibrant and energized‚ but during Christmas season is even more spectacular. The attractions‚ local events and traditions define the city. This vibrant city has over 3.2 million inhabitants and add 3 million to the metropolitan area. This bustling city is right behind London and Paris in population. Madrid is a powerhouse in the European Union their forward thinking in the cultural arts‚ education‚ fashion‚ and politics gives Madrid the recognition as a
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Analysis of balance sheet and profit and loss account The whole industry that we have developed considers three companies. Confidence‚ Lafarge surma and the other one is Heidelberg cement. Considering the four year balance sheet and income statement we have got the account for the whole industry. In the horizontal and vertical analysis of the balance sheet we can get the picture of the overall industry. The company Heidelberg cement is increasing its Current Asset account not in terms of receivables
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Coca Cola Company Balance sheet As at Dec 31‚ 2012 (millions) Assets Current Assets Cash 8‚442 Short-term Investments and Marketable Securities 8‚109 Inventories 3‚264 Prepaid Expenses 2‚781 Other Current Assets
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decision of Madrid‚ be that as it may‚ was likewise the consequence of the city’s past indefinite quality and nonpartisanship; it was picked in light of the fact that it needed ties with a built-up non-royal force‚ instead of view of any vital‚ geographic‚ or financial contemplations. Without a doubt‚ Madrid is insufficient in different attributes that may qualify it for a main role. It doesn’t lie on a noteworthy waterway‚ as such a large number of European urban communities do. Madrid does not have
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