3-17 K Brown is the principal owner of Brown oil inc‚ after quitting his university teachihng job‚ ken has been able to increase his annual salary by a factor of over 100. at the present time‚ ken is forced to consider purchasing some more equipment for brown oil because of competition. For ex‚ if ken purchases a Sub 100 and if there is a favorable market he will realize a profit of 300‚000. On the other hand if the market is unfavorable ken will suffer a loss of 200‚000. But ken has always been
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Comprehensive Problem 1: Service Industry Note: This problem has a value of 10% of the final grade. Objectives: Demonstrate application of accounting concepts pertaining to a service company‚ including the following: selection of business form‚ journalization and posting of daily transactions‚ creation of unadjusted trial balance‚ adjustment of the accounts to properly report changes in balances‚ creation of financial statements‚ completion of the closing process with appropriate closing
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The most concerning issue is the way Live Well Inc. deal with consignment and the recognition of revenue. As Live Well Inc. sells products through another party‚ being the sales coordinators‚ they cannot recognize revenue as the consignment of goods does not constitute a sale. They can only identify the revenue when the consignee sells the goods to a third party. This rule applies to both ASPE and IFRS standards. They currently recognize revenue upon shipment‚ however under the new IFRS 15 guidelines
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qualitative methods‚ doing descriptive statistics and hypothesis testing research for Deli Depot. In this time‚ we’ve 200 Deli Depot customers to doing the questionnaire. In the questionnaire design‚ we’ve doing 18 hypothesis testing. Combine with questionnaire and other research result‚ we have finding the following problems. What factors are the customer would consider to buying food and beverage in Deli Depot chain of fast food restaurant? The research result had reflecting that the
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http://gbr.pepperdine.edu/2010/08/how-coach-h-p-zara-and-ford-profited-from-a-comprehensive-application-of-market-orientation/ A Comprehensive Approach Total Quality Management (TQM) is a well-known philosophy for coordinating all of a company’s production processes‚ which mandates cooperation by all affected departments. Its three basic principles are employee involvement‚ continuous improvement‚ and customer satisfaction. Customers often use the term “quality” to refer to their level of satisfaction
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4–4 Property Tax Calculations and Journal Entries. The Village of Darby’s budget calls for property tax revenues for the fiscal year ending December 31‚ 2011‚ of $2‚660‚000. Village records indicate that‚ on average‚ 2 percent of taxes levied are not collected. The county tax assessor has assessed the value of taxable property located in the village at $135‚714‚300. Required a. Provide the required adjusting entries at the end of 2011‚ assuming that the December 31‚ 2011‚ balance of Inventory of
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GENERAL ACCOUNTING SECTION 1530 comprehensive income PURPOSE AND SCOPE .01 This Section establishes standards for reporting and display of comprehensive income. It does not address issues of recognition or measurement for comprehensive income and its components. .02 This Section does not apply to not-for-profit organizations (see FINANCIAL STATEMENT PRESENTATION BY NOT-FOR-PROFIT ORGANIZATIONS‚ Section 4400). DEFINITIONS .03 The following terms are used in this Section with the meanings
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FROM: Dr. Norton POTENTIAL QUESTIONS FOR THE COMPREHENSIVE EXAM: PART A. A N S W E R QUESTIONS I . A N D I I . THEORY QUESTION: I. Y o u have been assigned a 25 year-old male clHent for counseling who says he is seeking counseling because he is feeling anxiety. He has a d i f f i c u l t time getting to work in the morning and says he has no appetite. Since his new j o b and move to a new city‚ he reports to feelings o f low self-esteem. Select three (3) d i f f e r e n t counseling theories
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Along with a good mentor‚ comprehensive induction allows a first year teacher to enter the profession with sensitivity to professional communication‚ networking‚ reduced preparations‚ and if possible‚ a teacher’s assistant. These factors have the tendency of improving retention for first year elementary and middle teachers. It is more cost effective for schools to invest in induction programs instead of settling on replacement strategies that result from attrition. If the personal exchanges between
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Ratio analysis uses a combination of financial or operating data from a company or industry to provide a basis for comparison. Every ratio in the analysis measures a distinctive association that may have an impact on another ration. An auditor use a financial or accounting ratio to evaluate the overall financial condition of a company. Current and prospective stockholders and creditors used ration analysis to gauge viability and future performance of a company. The performance of a company is usually
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