item sold‚ but make assumptions about which units are sold (Kimmel‚ 2012). The assumptions are known as cost flow assumptions. First-in‚ first-out (FIFO); last-in‚ last-out (LIFO); and average costs are the methods used in cash flow assumptions. Using the FIFO method‚ cost of the ending inventory is determined “by taking the unit cost of the most recent purchase and working backward until all units of inventory have been costed” (Kimmel‚ 2012). Therefore‚ the first goods that are bought are the
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Guy code is basically a way of life where you act like you constantly know what you are doing specially when you don’t. Bros before Hos In Michael Kimmel essay Bros before Hos: The Guy Code talks about what being a man means. To many young men now they believe it means men don’t cry‚ don’t show feelings‚ don’t ask for directions‚ don’t give in‚ don’t show fear. All these don’t s man should not do.36 years ago being a "man" meant pretty much the same thing. Man act the way they act not to
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ratio analysis‚ horizontal analysis‚ and vertical analysis (Weygandt‚ J. J.‚ Kimmel‚ P. D.‚ & Kieso‚ D. E. (2008). Ratio analysis is the method of analyzing data to determine the overall strength of a business. These ratios are most useful when compared to other ratios such as the comparable ratios of similar businesses or the historical trend of a singe business or several business cycles (Weygandt‚ J. J.‚ Kimmel‚ P. D.‚ & Kieso‚ D. E. (2008). Horizontal analysis is a type of fundamental
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“Comparisons within a company are often useful to detect changes in financial relationships and significant trends” (Kimmel‚ Weygandt‚ and Keiso p. 653). Financial statement analysis is done by horizontal analysis‚ vertical analysis‚ and ratio analysis. “Horizontal analysis‚ also known as trend analysis‚ is a technique for evaluating a series of financial statement data over a period of time (Kimmel‚ Weygandt‚ and Keiso p.654). If Ventura Electronics is interested in determining any increase or decrease in
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because a current liability is a debt that a business expects to pay from either within twelve months or the operating cycle or from an existing current asset or through the making of other current liabilities. It depends of which one is longer. (Kimmel‚ 2007) 7. (a) What are long-term liabilities? Give two examples. (b) What is a bond? Answer: (a) Long-term liabilities are debt obligations that a business expects to pay after twelve months. Two examples of long-term liabilities is a 3-year
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between revenue expenditures and capital expenditures is that revenue expenditures are expenditures that are immediately charged against revenues as an expense (Weygandt‚ Kimmel‚ & Kieso 2010 pg. 409). Also capital expenditures are expenditures that increase the company’s investment in productive facilities (Weygandt‚ Kimmel‚ & Kieso 2010 pg.409). After reading chapter nine I found out that “a company may incur cost for ordinary repairs‚ additions‚ and or improvements” this is considered
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operations. For most businesses‚ the cutoff for classification as current assets is one year from the balance sheet date (Kimmel‚ Weygandt‚ & Kieso‚ 2007). For example‚ accounts receivable are current assets because the company will collect them and convert them to cash within one year. Supplies is a current asset because the company expects to use it up in operations within one year (Kimmel et al.). Some companies use a period longer than one year to classify assets and liabilities as current because they
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the greatest threat to society? According to the stories‚ why do such desires have to be regulated? Explain by analysing two of Giovanni’s Room‚ Jekyll and Hyde‚ Lord of the Flies‚ “Civilization and Its Discontents” or “Masculinity as Homophobia” (Kimmel). 3) Compare Giovanni’s Room to Dr. Jekyll and Mr. Hyde. Explain why each text could be considered a criticism of the morality of its time. 4) Compare Dr. Jekyll and Mr. Hyde to Lord of the Flies. Explain what each text says about man’s nature
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Michael Kimmel talks a lot about how guys between the ages of 16 and 26 are living in the world called Guyland (Kimmel‚ 5). Things such as sports‚ sex‚ porn‚ and video games consume guys in Guyland. Kimmel also brings up that girls/women are in a way questionable or illegal in Guyland‚ however women/girls are still present in Guyland. Two ways females participate in Guyland are by supporting Guyland by conforming to what men want and by complying with guys by trying to be one of them. Women can
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determine to volume at which the company should produce with each method to determine how much would have to be produce by each method to have equal use of their revenues to costs. And finally we need to explain when it would be best to use each method. (Kimmel‚ Weygandt‚ & Kieso‚ 2011). The break-even analysis is used to determine when total revenues equal total costs‚ both fixed and variable. The capital-intensive manufacturing method would break-even at $4‚702‚500 costs to revenues‚ while the labor intensive
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