and Income Statement Commentary BSA/500 – Business Systems I July 2‚ 2012 Balance Sheet and Income Statement Commentary JB Hunt (Trucking and logistics) On JB Hunt’s balance sheet for 2011 lists current assets of $513‚542‚000 and current liabilities of $438‚515‚000‚ yielding a current ratio of 1.17‚ which indicates the company‚ has $1.17 of current assets for every $1 of current liabilities. The previous year 2010‚ the current ratio was 0.91. This shows a 29% increase in the current ratio
Premium Balance sheet Generally Accepted Accounting Principles Income statement
Research: Status quo in Syria Directions: Via a combination of information from the Upfront article and internet research‚ complete the following research guide to develop an understanding of what is happening in Syria. Upfront Magazine (page 14-15): 1. What sparked Syria’s uprising? What role do you think uprisings in other Arab countries played in Syria’s revolution? Protests of the torture of students who put up anti government graffiti sparked the uprising in Syria. Government troops
Premium Egypt Jordan Syria
Chapter 08 Business Income‚ Deductions‚ and Accounting Methods SOLUTION MANUAL Discussion Questions 1. [LO 1] What is an “ordinary and necessary” business expenditure? “Ordinary” and “necessary” imply that an expense must be customary and helpful‚ respectively. Because these terms are subjective‚ the tests are ambiguous. However‚ ordinary is interpreted by the courts as including expenses which may be unusual for a specific taxpayer (but not for that type of business) and necessary is
Premium Taxation Tax Taxation in the United States
The Growing Income Gap between the Rich and Poor In the United States the income gap between the rich and the poor is at an all time high. This fact is very strange to me because I hear President Bush claim that there are so many new jobs available‚ the unemployment rate is down‚ interest rates are low‚ and inflation is going down. These two claims seem contradictory to me‚ and in my paper I will hope to find out why the income gap is so high when President Bush claims the economy is doing so well
Premium Poverty
Another Inquiry on the Economic Welfare and Poverty in China The trade-off between economic growth and redistribution has become one of the major notes concerning the emerging economies of post-Cold War world. Adding to this struggle the urge to integrate into the international system while keeping the balances right at home has been another macro-level concern. In conjunction such liabilities not only necessitates the examination of fiscal and structural reforms but also the international trends
Premium Poverty
INTRODUCTION The subject of economic growth and equitable distribution of income of any country is an economically important one. The fulfillment of economic development in each country is based on achieving two goals‚ including fairly rapid economic growth and income distribution in society. More growth and better distribution is not possible at the same time-some economist argued. So it needs to make trade-off. The issue of growth and income distribution is very much concerns to the economist
Premium Economic inequality Economics Gini coefficient
and Enforcement. Retrieved from http://www.ama-assn.org California Department of Health Care Services. (2012). Health Insurance Portability and Accountability Act. Retrieved from http://www.dhcs.ca.gov Federal Trade Commission. (2009‚ February). CVS Caremark Settles FTC Charges:Failed to Protect Medical and Financial Privacy of Customers and Employees. Retrieved from http://www.ftc.gov Segall‚ B. (2012). WTHR Finds Prescription Privacy Problems Nationwide. Retrieved from http://www.wthr.com
Premium Identity theft Health care Health Insurance Portability and Accountability Act
Missing‚ But Seen Everywhere Recently a fifteen year old girl named Abigail Hernandez has gone missing from her North Conway home in New Hampshire. Her name is now known around the world‚ not for a great reason in any way‚ but it’s still known around the world. This teenage girl’s story has affected so many people‚ but she is not the only teen to have gone missing before‚ why has hers? The answer is the media‚ the media took this story and blew it up‚ focused on certain (attention grabbing) facts
Premium English-language films Adolescence Newspaper
There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
Premium Generally Accepted Accounting Principles Balance sheet Inventory
Quint Rogers Mrs. Wood 6th Period India is seeking information from China as to why their balance of trade is so skewed. China has been exporting to India far more than it has been importing. This scenario has been reflected globally‚ with many countries wondering why China has reduced their imports so much. China has also put a ban on Indian Iron Ore‚ their main export‚ causing more tension between the new countries. China professes to be increasing their trade annually‚ pulling them out of
Premium International trade Export Economics