P5 – Profit & Loss and Balance Sheet Profit and Loss Sheet: | |£ |£ | |Sales: | |80‚000 | | | | | |Less Cost of Sales: | | | |Opening stock |32‚000 | | |Purchases |6‚000 | | |Less Closing stock
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Cost‚ Volume‚ and Profit Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified relationship between cost‚ volume‚ and profit (or loss). CVP analysis is based on several factors and assumptions and uses a formula to express the relationship by equation or graphically and can be used with great effect by managers who understand the limitations of the analysis. Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified
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Quiz Non Profits Name_____________________________________________ 1. FASB require the balance sheets of not-for-profits to display a) Net assets in four separate categories—unrestricted‚ temporarily restricted‚ permanently restricted‚ and restricted by creditors. b) Three separate funds—unrestricted‚ temporarily restricted‚ and permanently restricted net assets. c) Six totals—total assets‚ total liabilities‚ total net assets‚ total unrestricted net assets‚ total temporarily
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Corporation” as the business name; the proponents derived the name from the source itself which is literally creating home decoration made of fish scales. Fish scales home decoration signifies the uniqueness of the product‚ that may can caught the attention of the consumers. 4.2 Product Name The proponent used the product names as “Loro Lamp” “Maya Vase”‚ “Maro Flowers” which are derived from the fish names‚ Maya Maya and Loro Fish where the scales are taken. 4.3 Form of Business Ownerships F’Scale
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Social Psychology: Characteristics‚ Motives‚ and Situationism PSYCH/550 May 27‚ 2013 Social Psychology: Characteristics‚ Motives‚ and Situationism According to Fiske (2010)‚ the classic definition of social psychology is‚ “the scientific attempt to explain how the thoughts‚ feelings‚ and behaviors of individuals are influenced by the actual‚ imagined‚ or implied presence of other human beings” [ (p. 4) ]. In other words‚ where general psychology is the study of human behavior on an individual
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big role‚ but For-profit prisons take the cake. For-profit prisons‚ also referred to as private prisons‚ are third-party prisons that are contracted by a government agency. Private prisons originally began to exist in a variety of forms in the 1800’s‚ however they largely disappeared from the 1920’s to the 1980’s. For-profit prisons in their current form arrived after the mass incarceration following the War on Drugs. As of 2013 133‚000 inmates were incarcerated in for-profit facilities‚ which
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STRATHMORE UNIVERSITY SCHOOL OF FINANCE AND APPLIED ECONOMICS BSF 1101 ACCOUNTING AND REPORTING 1/INTRODUCTION TO ACCOUNTING 9. NOT FOR PROFIT MAKING ORGANIZATIONS 9.1 Introduction These are organizations that are set up to promote or to cater for the welfare of the members involved and not to make a profit. These include clubs‚ (e.g. professional clubs‚ academic clubs‚ sports clubs)‚ welfare associations and any other societies (charitable institutions). Because these organizations are
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The non-profit organization (NPO) is itself the employer. The board of directors (the "Board")‚ usually elected by the general meeting of the members at an annual meeting‚ is responsible for overseeing the work of the organization and its employees. While decisions on the advice to hire staff or volunteers can delegate management team‚ board members are still responsible for the overall supervision of the organization‚ and can‚ in certain circumstances‚ are legally responsible decisions during his
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Managing non-profit organisations: Towards a new approach Civil Society Working Paper 1 Helmut K. Anheier January 2000 Abstract This paper puts forth the thesis that the management of non-profit organisations is often ill understood because we proceed from the wrong assumptions about how these organisations operate. Based on this premise‚ this paper develops a model of the non-profit form as a conglomerate of multiple organisations with multiple bottom lines that demand a variety of
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The Civil War‚ fought from 1861 to 1865‚ is often remembered as a noble fight to end slavery. While it s true that slavery was a central issue‚ the history of the Civil War is more complex than it may seem. Both North and South had their own motives and actions that were not always honorable. By examining the aspects of the Civil War‚ particularly focusing on the North‚ we can gain a more nuanced understanding of this pivotal period in American history. Firstly‚ it’s essential to recognize that
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