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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Free will Vs Determination Do you make your own choices or your destiny has been decided for you by circumstances behind your control? For thousands of years‚ this question has puzzled philosophers‚ scientist and anyone who thinks about how they choose to act and live. Part of the complexity of the matter is related to the metaphysical nature of the subject which has a close affinity with the concept of GOD. Some people think that "Everything" that happens in nature and life
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these retail math calculations often requires familiarity with formulas. Use the following equations and retail math formulas to track merchandise‚ measure sales performance and help create pricing strategies. Acid-Test Ratio Acid-Test Ratio = Current Assets - Inventory ÷ Current Liabilities Average Inventory Average Inventory (Month) = (Beginning of Month Inventory + End of Month Inventory) ÷ 2 Basic Retailing Formula Cost of Goods + Markup = Retail Price Retail Price
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* Formula One racing is one of the most revered sports in the world. In the auto-racing world it is second to none in class‚ prestige‚ history‚ and skill. The level of competition is immense and the window of entry is miniscule. This brings up one question: (what is the question?) Formula One racing’s history dates back to the 1950s when racecars were simple front engine‚ drum brake cars. Compared to the cars of today‚ they are dinosaurs‚ but they were the best of their time and a wonder to many
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Abstract This paper examines the determinants of the bond yields in India using daily data from Feb 20‚ 2013 through March 30‚ 2014‚ to be precise 300 working days. The analysis covers Treasury bills with 10 years maturity. The empirical estimates show that a long-run relationship exists between each of these interest rates and the policy rate‚ WPI inflation and GDP growth rate. Also‚ what we have taken into account is specific impacts on bond yields during a particular period in
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Introduction Formula 1 racing‚ frequently called Grand Prix‚ is the top class of single-seater car racing motor sports around the globe. It was sanctioned by the Fédération Internationale de l’Automobile (FIA) in 1950 and most often it ’s shortened as F1 racing. The title Formula One lable indicates the rules‚ or "formula" that cars and participants in Formula 1 have to fulfil. These strict guidelines probably make the Formula 1 the most competitive and prestigious of all motorsports. Formula 1 has become
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CHAPTER – 5 ANALYSIS OF HIGHER EDUCATION IN PAKISTAN There is no denying the fact that socio-economic development of any society mainly depends upon the quality and extent of education accessible to its members. Therefore its development is to be taken like a challenge‚ because prosperity and development of any society is linked with the significant and sustained investment in higher education.1 This challenge demands efficient and judicial use of available resources that may come from the
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1) Empirical study-a study that uses tangible observations. The data collected comes from physical means that are concrete and use the senses to gather data. (McMillian‚ 2016‚ p.7) Example: Empirical studies can be quantitative or qualitative; in research involving retention efforts they will be empirical studies conducted to gather data. 2) Theory- is an educated assumption that explains how‚ what we as researchers examine relate to each other. It creates meaning from the information gathered. McMillian
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questions and show your work. When you are finished‚ submit this assignment to your teacher through the appropriate dropbox basket. (3 pts) 1.) Factor 100x^2 – 49 to factor‚ use the difference of squares formula‚ because both the terms are perfect squares the difference of squares formula is a^2 – b^2 = (a-b)(a+b) therefore 100x^2 – 49 = (10x)^2 – 7^2 = (10x – 7)(10x +7) (5 pts) 2.) Solve x^2 – 11x = -30 (x^2 – 11x) + 30 = -30 +30 x^2 – 11x +30 = 0 Reorder the terms: 30 + 11x
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Introduction The Formula One World Championship was started in 1951 by private sportspersons. Today‚ Formula One is the world’s biggest motor sports event and is arguably the second most popular sport in the world. It consists of ten teams‚ with two cars each‚ contesting a 17-race series. It involves two titles‚ the Driver’s Championship and the Constructors Championship. Formula One today is a highly dependent on technology (Denison and Henderson‚ 2004). This article will discuss the resources
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