I. Objectives of the following Companies and Organizations BPI 1. To contribute towards the uplift of the quality of Philippine education in identified areas in need of development; 2. To support programs that provide opportunities for expansion of microenterprises and small and medium enterprises (SMEs)‚ generation of employment and livelihood opportunities; 3. To catalyze programs for the delivery of basic social services in its communities; and 4. To contribute towards the renewal and enhancement
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On January 1‚ 2010‚ Trenton Company purchased a machine costing $50‚000. Trenton also incurred the following costs: transportation‚ $1‚000; installation‚ $2‚000; and sales tax‚ $3‚000. Prepare the journal entry to record the machine acquisition assuming cash was paid. Exercise 2: Hi-Crest Company purchased a machine on January 1‚ 2010‚ for $300‚000. The machine has an estimated useful life of 5 years and a $10‚000 residual value. Calculate depreciation expense and the year-end book value for
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Chapter 1 – Nature and regulation of companies RQ 9. Outline the differences between shares and debentures. Ordinary shares attract no fixed rate of dividend‚ carry voting rights and may participate in surplus assets and profits of the company – they represent ownership of x% of the company. Ordinary shares are classified as equity. The company may issue shares either fully paid or partly paid (s. 254A). If partly paid shares are issued‚ the shareholder is liable to pay calls on the shares
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Whirlpool Company Introduction: Whirlpool centers its consideration on a few key regions‚ including‚ Nonstop Quality Change‚ Overhaul of Business Courses of action‚ Inventory network Administration‚ Enhanced Client Introduction‚ and Globalization of Business Operations. Whirlpool is the business pioneer in the assembling and advertising of home machines. Whirlpool is a worldwide organization and markets Whirlpool‚ Maytag‚ Kitchen Support‚ Jenn-Air‚ Amana‚ Brastemp‚ Bauknecht‚ Delegate and other significant
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Entrepreneurial Development Tara Anand Kumar INDEX * Success company – Flipkart.com Akul Singhal – 1011330 * Failure Company – Atkins Nutritionals Inc Tara Anand Kumar – 1011327 * Turnaround company- Dish Network Inc. Abhisekh Tripathy – 1011328 * Conclusion SUCCESS COMPANY FLIPKART Flipkart is an Indian online shopping company headquartered in Bangalore‚ India. Flipkart was established by Sachin Bansal and Binny Bansal both
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Situation Aurora Borealis LLC is a hedge fund that has around $ 3 billion under management and they are currently targeting William Wrigley Jr. Company to make their next investment. William Wrigley Jr. Company is the biggest chewing gum manufacturer in the world and it has no debt yet. Aurora Borealis is trying to convince Wrigley to do a leveraged recapitalization through a dividend or share repurchase. So Wrigley has to make
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Organization”. In this exercise‚ the Martinez Company will launch new merchandise into the market and the process will be either the capital-intensive method or a labor-intensive method. a. Calculate the estimated break-even point in annual unit sales of the new product if Martinez Company uses the: 1. Capital-intensive manufacturing method. Unit sales price = $30 Direct materials cost/unit = $5 Direct labor cost/unit = $6 Variable overhead cost/unit = $3 Selling expense/unit = $2 Total variable cost/unit
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Maynard Company | | | Balance Sheet | | | As of June 1 and June 30‚ 20xx | | | | | | | | | | | ASSETS | 1-Jun | 30-Jun | | movements | Current assets | | | | | | Cash | | | 34‚983.00 | 66‚660.00 | | 31‚677.00 | Accounts receivable | | 21‚798.00 | 26‚505.00 | | 4‚707.00 | Notes receivable | | 11‚700.00 | 0.00 | | (11‚700.00) | Prepaid insurance | | 3‚150.00 | 2‚826.00 | | (324.00) | Supplies | | | 5‚559.00 | 6‚630.00 | | 1‚071.00 |
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Case 8-2 Palmerstown Company Exchange Rates | $/pound | January 1‚ Year 1 | 1.00 | January 1-31‚ Year 1 | 1.00 | Average Year 1 | 0.90 | When inventory purchases made | 0.86 | When ending inventory acquired | 0.83 | December 31‚ Year 1 | 0.80 | 1. Pound is the functional currency – Current rate method | | Exchange | | | Pounds
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P10-1A On January 1‚ 2011‚ the ledger of Mane Company contains the following liability accounts. Accounts Payable $52‚000 Sales Taxes Payable 7‚700 Unearned Service Revenue 16‚000 During January the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $22‚680‚ which includes 8% sales taxes. 12 Provided services for customers who had made advance payments of $10‚000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December
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