Case 11-1: Polluter Corp Polluter Corporation is a manufacturing firm in the United States registered with the Securities and Exchange Commission. Polluter Corp. operates three facilities manufacturing various household cleaning products. These products produced are sold to retail customers. The United States government funded their company with emission allowances (EAs). An emission allowance is an authorization to emit a fixed amount of a pollutant. An emissions allowance is sometimes also
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Current Affairs Inflation is the increase of rates of goods and services. This can affect the cupcake business in a negative way as the customers may not buy a lot of products as the prices for other stuff have increased as well. This will conclude in our business not making enough profit as we may need‚ which means that we will not be able to pay taxes and wages to the employees. This may also end up with our business not earning enough to pay suppliers. In order to prevent inflation affecting
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McDonald’s Corporation Analysis 1) Summary of the Company: McDonald’s Corporation is the world’s largest chain of hamburger fast food restaurants. There are over 31‚000 McDonald’s locations worldwide primarily selling hamburgers‚ cheeseburgers‚ chicken products‚ french fries‚ breakfast items‚ soft drinks‚ and desserts. 2) Financial Ratios Analysis: 1. Net Profit Margin- The net profit margin of 18.34 percent for 2008 indicates that 18.34 cents of net income was generated for each dollar of
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Xerox Corporation 1. Leadership through Quality was a strategy developed by Xerox as a result of competitors being financially strong‚ technologically advanced and having excellent customer relations. Xerox Corporation through its strategy tries to meet its customer requirements. The strategy is viable as Xerox through this strategy tries ensuring that definition of Quality is meeting the customer requirements all the time. The three major components of LTQ are Employee Involvement that stresses
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Marginal Revenue and Marginal Cost An understanding of marginal revenue and marginal cost is economically crucial to owning and operating a successful business. Marginal revenue is the amount of change in total revenue by selling one additional product. So if a company sells four extra unit of product and brings extra total revenue of 500 dollars than the marginal revenue for this month would be 125 dollars. This is found by taking the change in total revenue‚ 500 dollars‚ and dividing it by the
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The Right Way to Recognize Revenue Learn the components of SAB 101 and mistakes to look out for. BY THOMAS J. PHILLIPS JR.‚ MICHAEL S. LUEHLFING AND CYNTHIA M. DAILY More than half of the financial reporting frauds among “A U.S. public companies from 1987 to 1997 involved overstating revenue‚ according to a study conducted by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Auditors have always focused on possible revenue recognition overstatement in financial
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and there is no tax shield. Cost of debt after the tax change ranges between 3.39% to 7.44%. Lastly‚ for other issue knows today is 12 years after the case‚ and DC is still in business. CONCLUSION As we know‚ prior to the 1990s‚ the Deluxe Corporation (DC)‚ the world’s largest printer of checks as well as a provider of electronic products and services to financial institutions and retail
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Over time‚ early years policies and frameworks emerge and change in response to current influences. There has been much more political focus on childcare and education in the last 15 years‚ resulting in a rapid expansion of early years provisions. Influences over the last 15 years have included two key factors: * A huge increase in the demand for childcare while parents work – This is mostly due to the fact that around 60 per cent of mothers now return to work outside of the home while their
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Revenue Cycle and Control Activities The revenue cycle for many companies is considered the primary source to earn revenue from the sale of goods or service. Good controls must be established to maintain the effectiveness of receivables and credit sales‚ not doing so can harm the company and might be costly to the business. Six classes of internal controls guides us in evaluating and designing transaction processing. They are authorization‚ supervision‚ segregation of duties‚ access control‚ independent
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Alpha Corporation Question 1) Assumption: Only transactions above 50 millions are considered as major transactions. a) 1989: i. Sources of Cash: Net cash provided by continuing operations‚ Proceeds from disposal of depreciable and other assets‚ Increase in short-term borrowings‚ Proceeds from long-term debt. ii. Uses of Cash: Investment in depreciable assets‚ Investment in capitalized software‚ Payments of long-term debt. b) 1990: i. Sources of Cash: Net Cash
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