Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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Samuel Johnson once said‚ “Great works are performed not by strength‚ but by perseverance.” In this inspirational novella by Ernest Hemingway Santiago shows an astonishing amount of perseverance. The Old Man and the Sea takes place in Cuba in the 1940s. Santiago‚ often referred to as the old man‚ is an old fisherman who has ran out of luck. He hasn’t caught a fish in 84 days when he decides to go out a little farther than usual. On this three day fishing expedition Santiago hunts down a huge fish
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Polytechnic University of the Philippines College of Science Department of Food Technology MOISTURE DETERMINATION (Experiment no. 1) Bea Dessa T. Co Maybelle Tolete Ian Francia Glyceryl Pangan BSFT 3-1D FOTE ///????? Food Analysis Prof. Kennedy Bongon Introduction Moisture content is one of the most commonly measured properties of food materials. It is important to food scientists for a number of different reasons: Legal and Labeling Requirements. There are legal limits to
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A Daughter’s Perseverance has got my attention Lessons are often taught by our children‚ and my daughter Macie is teaching me about perseverance because she is restless. Macie will stop at nothing when she knows what she wants. Countless times I have felt like she was a hound dog nipping at my heels. Yes‚ I have thought of my daughter as a pest considering she can go on and on about the things she wants; yet‚ perseverance is a quality that the Bible tells us to possess. Because in Luke 11:5-9
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Discuss how the theme of childhood is presented in the poems “Piano” and “Half-past Two” The theme of childhood is presented in the poem “Piano” and “Half-past two”. The poem Half-past two‚ written by U.A Fanthorpe‚ is all about how vulnerable children and their childish innocence. In both poems the poets present childhood in different and exceptional way. In "Piano"‚ childhood is presented in a very idealistic way. The poet is remembering the good old times when he was sitting under the piano
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Describe when your own expectations influenced your attributions about another person. The person in which my personal expectations influenced my attributions goes by the name of David Buster. Mr. Buster was a director with my current employer when he hired me as a supervisor. I worked for David for two years before he retired and I moved on to my current position as manager. He offered me my first opportunity in management when I had no managerial experience‚ and prepared me to be the executive
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Submit a statement that discusses your career goals‚ as well as the factors that led you to select the Mid-Career MPA program as a means of furthering your personal and professional goals. Be as specific as possible in describing how your expected course of study will enable you to build on your prior professional experience and achieve these goals (750 word limit). Economic development and welfare of the people are the natural fit with my personality traits from my childhood which allowed me
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Discuss Your Goals For the Next Four Years and Comment on Your Post-College Plans "Next stop‚ 66th Street and Lincoln Center‚ " bellowed the cracked voice of the conductor over the loudspeaker. Those words rang in my ear like the notes of a familiar melody. Stepping off the number three train‚ I was immediately immersed in the scents‚ sounds and faces of my past. All the wonderful memories of those four years came rushing back into my mind as if they had just occurred. I was finally returning
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In William Faulkner’s acceptance speech for Nobel prize in literature‚ he describes what the role of a writer is when mankind confronts its fear of its annihilation. He firmly believes that a writer’s duty is to remind mankind of its values‚ and give it hope that it will prevail through hardships. In The Lord of The Flies‚ the author William Golding also seems to support Faulkner’s beliefs. While Golding shows the hardships that face mankind‚ primarily ourselves‚ he gives mankind hope in that we
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Texas. In 1980‚ Wainwright Industries faced a crisis. This was possible because of the fierce competition and the intensified customer control. Therefore‚ the company found itself in a position of re-designing its structure in order to face this challenge. The only solution to maintain its position on the market and to keep its customers loyal was to re-judge their capabilities and to understand what improvements they should make to be competitive on the long run. The radical changes that came after
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