the company president and office employees‚ depreciation of items used in administration‚ rent‚ utilities and property tax on the office building. ▪ Perpetual vs. Periodic- info about methods and differences o Perpetual: An inventory system in which the business keeps a continuous record of inventory on hand and the cost of good sold. o Continuous updating of inventory as you go thru the paid physical count still must be count once a year. o Periodic: do not update
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n Chinese tradition‚ certain numbers are believed by some to be auspicious (吉利) or inauspicious (不利) based on the Chinese word that the number name sounds similar to. The numbers 0‚ 6‚ 8‚ and 9 are believed to have auspicious meanings because their names sound similar to words that have positive meanings. Contents [hide] 1 Lucky numbers 1.1 Zero 1.2 Two 1.3 Three 1.4 Five 1.5 Six 1.6 Seven 1.6.1 Forty-nine 1.7 Eight 1.8 Nine 2 Unlucky numbers 2.1 Four 2.2 Five 2.3 Six 3 Combinations
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CHAPTER I THE PROBLEM AND THE BACKGROUND OF THE STUDY A. Introduction Sari-sari store is the term used in the Philippines for small convenience store. It is from the tagalog word “sari-sari” which means “variety”. Such stores form important economic and social location in the Filipino community. It is present in almost all neighborhoods‚ sometimes in every street. The store is often attached to or part of the owner’s house but it may also be a freestanding store just in front of the owner’s
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Chinese Commercial Law (MLM 703) Trimester 3‚ 2008 ..... Assignment 1 Table Content: | | |tABLE OF cONTENT………………………………..…....……........………2 | |aBBRIVIATIONS USED IN sTUDY..……………………………….......... 3 | |eXECUTIVE
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Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success‚ companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop‚ implement a product strategy that meets
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Weakness 1. Increases in costs of goods sold (85m) and inventories(18m) disproportionate with growth of sales 2. Current purchasing system contributed to redundant purchasing and high inventory holding costs 3. Siti Aminah (CFO) has no experience in system and technology 4. Internal control weaknesses: Purchasing system Current purchasing system contributed to redundant purchasing and high inventory holding costs and caused increases in costs of goods sold and inventories disproportionate
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Internal Control and Bank Reconciliations Athena Jackson ACC/225 November 10‚ 2013 Scott Flynn Problem 8-1A 1. The principle of internal control violation is separation of duties. The person that records the incoming cash receipts should not be the same person that is posting the customer payments to their accounts. My recommendation to the business would be that they have one person recording the incoming cash receipts‚ and they should assign another employee to take
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body that has influence over the FASB is the SEC. True · The FASB has a government mandate and therefore does not have to follow due process in issuing a standard. False FASB has a government mandate and therefore has to follow a due process system that entails steps like placing an item on the agenda‚ performing research and issuing a discussion memorandum‚ having a public hearing on the DM‚ performing more research and issuing an exposure draft‚ providing additional time to receive input from
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ETHICAL ISSUES IN MANAGERIAL ACCOUNTING The aim of this paper is to highlight in the light of the empirical researches conducted previously the presence of ethical issues and dilemmas in managerial accounting. The implications of which can be disastrous bringing colossal giants crumbling to their knees. The prime aim is to throw light at the subtle inconsistencies that can cost the companies far more than just money but their entire image. The asset of ‘good will’ has its nemesis in these unethical
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1.1 Value Chain Analysis Applied to the Timber and Timber Products Industry. Exhibit 1.A below contains a depiction of the value chain. The links in the value chain are as follows: 1. Timber Tracts: Plant and maintain timber tracts (Weyerhaeuser) 2. Logging: Harvests timber (Weyerhaeuser) 3a. Sawmills: Cut timber into various grades of wood (Weyerhaeuser) 3b. Pulp and Paper Manufacturing: Grinds timber into pulp and converts the pulp into various grades of paper and
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