Hi Team C‚ you presented 2 Word files‚ including a certificate of originality‚ as well as a file containing a memo of audit conclusions for the audit of the fixed asset cycle‚ and a memo on prepaid assets and other asset conclusions‚ as well as leadsheets for fixed assets and prepaid assets. Your memo contained excellent conclusions‚ including inconsistencies in the useful life of real property‚ computer equipment‚ and production equipment. You noted inconsistencies in depreciation method for various
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financially sound by a comparison of the amount of finance raised by debt with the amount raised from owners. The higher the proportion raised by the debt‚ the higher the risk to the creditors. The working capital‚ i.e. current assets less current liabilities indicates a company’s ability to pay its bills on time. This assumes that the current assets can be readily turned into cash. To declare a dividend a company must have adequate cash (or overdraft facilities) and adequate retained profits. The decision
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BUSINESS PLAN GLOBAL MUSHROOM COMPANY LTD. -“quality first” MS in Agricultural Economics(Agribusiness and Marketing) MD. TAUHIDUL ISLAM LEVEL-4; SEMESTER-1 ID. NO.: 09 AEAM JD 03M REG. NO.:31636 Group : C DEPT. of AGRIBUSINESS & MARKETING BANGLADESH AGRICULTURAL UNIVERSITY. MYMENSINGH BUSINESS PLAN SECTION 1:
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Question 1 Brown Ltd purchased equipment for $280‚ 000 on 1st July‚ 2010. It is expected that the equipment will have a residual value of $10‚ 000 at the end of its’ 3 year useful life (or 100‚000 machine hours). Calculate depreciation expense to the nearest whole dollar. a. Calculate the depreciation expense‚ accumulated depreciation and annual carrying amount for each of the 3 years ended 30th June‚ under the following depreciation methods: Straight line Reducing balance (rate = 47%)
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and losses and revenue earned during that period. Balance Sheet gives a summary of assets and liabilities as on a particular date and shows the financial position of the business. The liabilities side of a balance sheet shows the sources from where funds are raised and the assets side shows how the funds raised are utilized. But it does not show the causes or reasons for changes in assets and liabilities‚ flow of funds‚ between two balance sheet dates. Therefore‚ a statement is prepared in addition
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Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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Tutor note: It is preferable that this is filled in electronically. This form is available on the staff intranet: Click on the ‘Quality’ tab and then the ‘Curriculum Quality Link’ to the right and then ‘Curriculum Quality Procedures’ from the table of contents. Department: ISC- Business | Course Code: SL3BUSFND118 | Course Name: BTEC Level 3 Certificate ate in Business | Unit Number: Unit 2 | Unit Name: Business Resources | Candidate Name: I certify that this is all my own work
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while cosmetic dentistry consists of teeth whitening‚ veneers‚ and gap removal. The Tooth Fairy is forecasted to reach profitability by month 10 and have respectable third year profits. 2.1 Company Ownership The Tooth Fairy is an Oregon limited liability corporation owned by Steve Extractor. 2.2 Start-up Summary The following are
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459900 418480 9.88% Total Assets 587767 548535 7% Liabilities 2009 2008 Percentage Total Current Liabilities 23807 8380 184% Other Liabilities 438346 205069 114% Equity 125614 335085 -62.51% Total Liabilities and Equity 587767 548534 7.15% The Patton Fuller Community Hospital increase its assets from 2008 to 2009 by 7% based on the numbers in the balance sheet. The Total Liabilities and Assets increased by 7.15% in 2009. We were unable to perform
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Q i) Expalin in detail five basic accounts along with their types and examples Five basic Acounts 1. Assets 2. Liabilities 3. Capital/Owner Equity 4. Revenue/Income 5. Expenses Assets Assets are the resources owened by a business and are expected to give benefit for future operation Example: If you buy a land and it will give benefit in the future operation then it is your asset . if the land which you buy And in future you have to sell only then this is not your asset. If you built
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