1M in net profit by 2015. The goal can be reached ONLY by changing and adapting the menu to a vegetarian one. Some loyal customers will be lost‚ because the veal cutlet sandwich will basically disappear from the menu by 2015. Nevertheless contribution margin is increased by giving advantage to products that have more contribution margin per limited resource. Analysis shows that vegetarian sandwiches are the future key success factors for the restaurants. Livoria cannot reach the 1.1M in net profit
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m. sole proprietorship n. partnership o. corporation p. limited liability partnership 5.) Maddux‚ Inc.‚ has completed its fiscal year and reported the following information. The company had current assets of $153‚413‚ net fixed assets of $ 412‚331‚ and other assets of $83‚552. The firm also has current liabilities worth $65‚314‚ long-term debt of $178‚334‚ and common
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EXAM SAMPLE EXAM 1. The accounting process does not include: a. b. c. 2. d. e. labor unions all of the above statement of owner’s equity income statement balance sheet d. e. both b and c all of the above This account does not appear on the income statement: a. b. c. 6. lenders prospective owners customers Expenses can be found in the: a. b. c. 5. balance sheet balance sheet and journals balance sheet and income statement income statement
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To surf the Net anonymously‚ people should use a proxy server. In this way‚ the IP Address will show up as the proxy IP and an added benefit is that the data will be encrypted‚ so anyone looking to steal a person’s information will not be able to read it. There are many free proxy services which a person can use to browse the internet anonymously. The first one is called HidemyAss. With HidemyAss‚ a person can surf the web anonymously‚ hide their IP address‚ secure their internet connection‚ hide
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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Summary for Legends on the net by Fernback Legends on the net by Jan Fernback‚ he argues that the oral cultural has been changed from past to contemporary. He says that‚ orality and literacy becomes less important because of human develop the cyberspace. Today‚ in our society people need to use internet because we are using it everywhere and it becomes part of our culture. In addition‚ the author says that‚ oral tradition has been warning for community living. Fernaback agues that‚ urban legend
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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Balance Sheet as at 30 September 2009 As at 30 September 2009 Taka As at 31 December 2008 Taka Assets: Non current assets : Property‚ plant and equipment‚ net Intangible assets Investment in shares of X-Net Ltd. Long-term receivables and deposits Current assets: Inventories Deferred cost of connection revenue Accounts receivable‚ net Advances‚ deposits and prepayments Cash and cash equivalents Total assets Equity and Liabilities: Shareholders’ equity: Share capital Share premium Capital reserve
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Receivables Turnover According to the table that shows Gamma turnover is 5.8 times and it’s mean Gamma collect his receivables about 5.8 times each year but alpha turnover is 1.4 times and it’s mean that alpha collect his receivables about 1.4 times each year. So‚ Gamma Corporation has higher proportion than Alpha Corporation and it shows that gamma corporation operates more efficiently with smoother cash flow and collects the money from the creditor easily and on the time. Also‚ that probably gathered
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