COMPREHENSIVE PROBLEM 3 SPRINGDALE RETAIL‚ INC. a. Springdale Retail‚ Inc. Income Statement For the Year Ended December 31‚ 2015 Sales Less: Sales returns and allowances Net Sales Cost of goods sold Gross profit Operating expenses: Salaries Rent Expense Utilities expense Depreciation expense: office equipment Insurance expense Office supplies expense Income before income taxes Income tax expense Net income $ $ 88‚095 6‚100 4‚120 2‚750 900 520 $ $ 226‚000 2‚500 223‚500 100‚575 122‚925 102‚485
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Question 2 Introduction Takealot.com is one of South Africa fastest growing and largest online retail stores. This great e-commerce business was officially launched in 2011 after the acquisition of Take2.com by Kim Reid who is a former senior executive at Naspers and the US based hedge fund‚ Tiger Global. Takealot.com offers a service of online shopping to consumers. This business was developed with a simple vision and goal in mind which is to offer a one stop customer focused online retail store
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The UA COM-P is my top choice of medical school as its mission perfectly aligns with my personal goals and values. UA COM-P mission will allow me to collaborate and team up with diverse students from different backgrounds. The medical program at UA COM-P will help shape me into a skillful‚ creative‚ ethical‚ and compassionate physician. I will have the opportunity to conduct research alongside distinguished faculty members. Finally‚ given the history‚ reputation‚ and the location of UA COM-P‚ I would
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Dot-com bubble The dot-com bubble was a historic speculative bubble covering roughly 1997 – 2000 (with a peak on March 10‚ 2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the Internet sector and related fields. While the latter part was a boom and bust cycle‚ the Internet boom is sometimes meant to refer to the steady commercial growth of the Internet with the advent of the World Wide Web‚ as exemplified by the first release of the Mosaic
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Cigarette Smoking and Its Health Risks. Why do I need to know about the health risks of cigarette smoking? Cigarette smoking is the most preventable cause of illness and death. Cigarettes are filled with nicotine‚ which acts like a poison in your body. What are the health risks of cigarette smoking? You may have breathing problems that make it difficult for you to do daily activities or play sports. You have a higher risk of bone fractures because smoking can cause osteoporosis (brittle bones). If
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There were several situations that lead the executives and managers of WorldCom to "cook the books." Acquisition of other companies drove WorldCom to spend beyond their means; managers were told to spend whatever was necessary to increase revenue‚ even if it meant that long-term costs would outweigh the short-term gains. This fiscally unhealthy mentality led to a very bad decision to enter into long-term fixed rate leases for network capacity with extensive punitive termination provisions. Once the
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What are Communication skills? Communication skills are nothing but sharing thoughts or opinions through shared symbols‚ by language‚ words and phrases. It further explains conscious listening is with the mind hearing with senses and expressing the ideas‚ attitudes and emotions in an active process of eliciting information. Role of communication skills in daily life: Communication is important for different reasons‚ depending on the context and quality. It limits misunderstanding‚ ensures accuracy
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My Philosophy “CHANGE IS A CHALLENGE” I. Introduction Man needs philosophy in order to be able to think‚ act and live accordingly. It is a basic blueprint of a man’s actions from thinking‚ to interacting with others. The only thing that is constant is change. This saying is indeed true especially in the Philippine Education System. For every change implemented lies challengers on the part of the classroom teachers who portrays varied roles. The rapid changes in the world have made curriculum
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COMPREHENSIVE PROBLEM 5 The Gilster Company This problem covers various topics from Chapters 15 through 21. The emphasis is on job costing‚ overhead allocation‚ target costing‚ and incremental decision making. 60 Strong Copyright © 2015 by McGraw-Hill Education All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. COMPREHENSIVE PROBLEM 5 THE GILSTER COMPANY 60 Minutes‚ Strong a. Plantwide overhead rate using direct labor hours: Overhead
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COMPREHENSIVE PROBLEM 6 Utease Corporation 60 Strong This problem covers various topics from Chapters 22‚ 23‚ 24‚ and 25. Students are asked to prepare budget schedules‚ calculate variances‚ determine possible causes for differences between budgeted and actual results‚ and to perform ROI analysis. Copyright © 2015 by McGraw-Hill Education All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 60 Minutes‚ Strong COMPREHENSIVE PROBLEM 6
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