point The return on investment measure of performance: 1) Is not as important a measure of management effectiveness as the amount of net income. 2) Relates dividends paid to the entity’s assets. 3) Is calculated using net income as the amount of return. 4) Is calculated by dividing average assets for a period by the amount of net income for the period. Question 9 0 / 1 point Expenditures capitalized as long-lived assets generally include those expenditures that:
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looked at become separately and that is what they wanted to look at. They talk about how previously the focus was on net income after extraordinary items but that it is important to look at net income before extraordinary items also. The use of the smoothing of income with extraordinary items could be used to predict future earnings. They also state that ordinary income is superior to net income to predict future earnings. (reference). “Income smoothing is the deliberate dampening of fluctuations about
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Date: 10 September (Mr. Mani Kant Roy) CONTENTS Index 1) | Abstract | 5 | 2) | Introduction | 6 | | a. Overview of Azure Services Platform | 6 | | b. Windows Azure | 7 | | c. .Net Services | 7 | | d. SQl Services | 7 | | e. Live Services | 7 |
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’12 Mar ’11 Sales Turnover 3‚548.60 2‚974.68 2‚495.10 Reported Net Profit 460.76 334.51 303.89 Equity Dividend 133.29 96.51 88.57 Shares in issue (lakhs) 5‚126.42 5‚076.49 5‚061.35 Equity Dividend (%) 260 190 175 %age Contribution of Profit to Dividents 28.9 28.8 29.1 Div. per Share 26 19 17.5 UPL FV=2 MV=186 Mar ’13 Mar ’12 Mar ’11 Sales Turnover 4‚136.02 3‚432.66 3‚196.27 Reported Net Profit 208.13 227.04 157.5 Equity Dividend 110.44 115.45 92
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Be Our Guest‚ Inc. Case Analysis Page 1 INDEX 1. Key success factors & company performance…………………………………………………..3 2. Bank perspective regarding the performance…………………………………………………..7 3. Bank financing perspective at the end of 1998……………………………………………….10 4. Management perspective regarding the bank financing………………………………….13 5. Exhibit 1 – Annual Income Statements (1994-1997)………………………………………17 6. Exhibit 2 – Annual Balance Sheets (1994-1997)……………………………………………..18 7. Exhibit 3 – Quarterly Income
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Audit Risk and Materiality MULTIPLE CHOICE: 1. An auditor compares 2002 revenues and expenses with those of the prior year and investigates all changes exceeding 10%. By this procedure the auditor would be most likely to learn that a. An increase in property tax rates has not been recognized in the client ’s accrual. b. The 2002 provision for uncollectible accounts is inadequate‚ because of worsening economic conditions. c. Fourth quarter payroll taxes were
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PATIENT MANAGEMENT SYSTEM 1. Title of the project: Patient Management System 2. Domain: Hospital 3. Project Architecture: N-Tire Architecture 4. SDLC methodologies: Waterfall model 5. Abstract of the project: In a given day‚ number of patients visits a hospital or a clinic. Many hospitals in India still manage the patient data manually. Hospitals will be able to save money and time if they have a good software program for managing patient’s data. The idea is to develop
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1. (TCO D) Return on investment (ROI) is equal to the margin multiplied by (Points : 5) Ans: turnover (b) 2. (TCO D) Given the following data‚ what would ROI be? Ans: 20% (b) 3. (TCO D) Last year‚ the House of Orange had sales of $826‚650‚ net operating income of $81‚000‚ and operating assets of $84‚000 at the beginning of the year and $90‚000 at the end of the year. What was the company’s turnover‚ rounded to the nearest tenth? (Points : 5) Ans: 9.5 (a) Page 2: 1. (TCO D) Data for December
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Membership Fee: $26 Part A: Amount of Variable Costs (VC) Required Sales – Variable Costs – Fixed Costs = Net Income 26(300) – VC(300) – 5460=0 7800 – 300VC – 5460=0 2340 = 300VC 7.8 = VC per Unit Variable Costs: 2340 Part B: What are the monthly sales in members and dollars with a target net income of $3640? Required sales in units = (Fixed Costs + Target Net Income)/Contribution Margin per Unit Required sales in dollars = (FC+TNI)/CM Ratio (5460+3640)/18.2 = 500 Memberships
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Exercise 11-1 (10 minutes) 1. 2. 3. Exercise 11-2 (10 minutes) Average operating assets £2‚200‚000 Net operating income £400‚000 Minimum required return: 16% × £2‚200‚000 352‚000 Residual income £ 48‚000 Exercise 11-3 (20 minutes) 1. Throughput time = Process time + Inspection time + Move time + Queue time = 2.8 days + 0.5 days + 0.7 days + 4.0 days = 8.0 days 2. Only process time is value-added time; therefore the manufacturing cycle efficiency
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