Individual Assignment – David Jones Limited 1. (a) DJS is a public company that issues shares to the general public and is a separate legal entity. (b) The income statement shows tax being deducted directly from company profit. The equity section show contributed equity instead of owners or partners’ equity. Also retained earnings after dividends or allocation to another equity account. 2. (a) Net assets and total equity have the same dollar value of $775‚704‚000. (b) Equity is the
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June Quarter Budgeted unit sales ..... 65‚000 100‚000 50‚000 215‚000 Selling price per unit .... × $10 × $10 × $10 × $10 Total sales ................... $650‚000 $1‚000‚000 $500‚000 $2‚150‚000 b. Schedule of expected cash collections: February sales (10%)... $ 26‚000 $ 26‚000 March sales (70%‚ 10%) ............. 280‚000 $ 40‚000 320‚000 April sales (20%‚ 70%‚ 10%) .... 130‚000 455‚000 $ 65‚000 650‚000 May sales (20%‚ 70%) ............. 200‚000 700‚000 900‚000 June sales
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Unit 211 Provide Reception Services The purpose of the receptionist role is to represent the trust and give the patients the first impression of the NHS as they are the first point of contact between the patient and the organization. It is vital to present a positive self-image and a good representation of the trust because we want people to come back and use the services again and give the trust a good name. We can display a positive self-image by being attentive‚ well dressed‚ having good body
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Acct 496 CH5 Assignment Kangkang Guo Q1. What is a provision‚ and when must a provision be recognized? Provision provides guidance for reporting liabilities of uncertain timing‚ amount‚ or existence. A provision should be recognized when: 1). The entity has a present obligation (legal or constructive) as a result of a past event. 2). It is probable (more likely than not) that an outflow of resources embodying economic events will be required to settle the obligation. 3). A reliable estimate of
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ANSWERS Quiz 1 profit margin on sales for 2013. Net income/net sales. receivables turnover ratio net sales/average A/R inventory turnover ratio for 2013. COGs/average inventory asset turnover ratio for 2013.Net sales/average total sales average collection period for 2013.365/receive turnover ratio. average days in inventory for 2013.365 / inventory turnover ratio decimal place. return on assets for 2013. Profit margin*assets turnover. return on stockholders’ equity for 2013. Net income/ average
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Financial Analysis of Hershey and Tootsie Roll Keller University ACCT-504 Instructor: Financial Analysis of Hershey and Tootsie Roll Introduction Tootsie Roll and Hershey are two similar companies with a similar product offering‚ but they operate on entirely different scales. In an effort to determine the better investment of the two companies we will utilize multiple financial analysis ratios to gauge the health of the respective companies in terms of liquidity (the ability
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statements are prepared primarily for: ANS: (b) external users. 7. Economic consequences of accounting standard-setting means: ANS: (d) accounting standards can have detrimental impacts on the wealth levels of the providers of financial information. 8. The expectations gap is: ANS: (b) what the public thinks accountants should do and what accountants think they can do. E2-5 Elements: (f) Assets (b) Liabilities (i) Equity (c) Investment by owners (k)(d) Distribution to owners
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Keller Graduate School ACCT 593 Financial Accounting and Reporting NOVEMBER 2012 Syllabus Important Deadlines Course Start Date 10/29/2012 Course Completion Date 1/6/2013 Portal Access Deadline 02/28/13 Discussions Required on a Weekly Basis By its nature‚ the evaluation of participation in the threaded discussions will be subjective based both on quantity and quality of contributions. Not all threads will require
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Brandi Stump Child Observation/Interaction Report BHS-211 Growth and Development of the Child‚ Adolescent‚ and Adult Instructor Martha Butler April 26‚ 2012 Question 1a: Andrew Smith Question 1b: May 19‚ 1999 Question 1c: 12 years of age Question 1d: April 21‚ 2012 at 3p.m. Question 1e: Family friend Question 2 a: 62.5 inches Question 2 b: 140 pounds Question 2 c: Does not apply. Question 2 d: Physical appearance seems to be clean‚ skin appears to have increased sebaceous glands
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1. award: 0 out of 0.00 points On June 1‚ Cline Co. paid $892‚000 cash for all of the issued and outstanding common stock of Renn Corp. The carrying values for Renn’s assets and liabilities on June 1 follow: Cash $ 178‚000 Accounts receivable 237‚000 Capitalized software costs 374‚000 Goodwill 110‚000 Liabilities (201‚000 ) Net assets $ 698‚000 Note: Parentheses indicate a credit balance. On June 1‚ Renn’s accounts receivable had a fair value of $155
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