765 | 15‚098 | -55.19% | Total comprehensive income | 4‚365 | 16‚492 | -73.35% | Sales | 60‚537 | 55‚171 | 9.73% | Total assets | 119‚545 | 112‚773 | 6.00% | current assets | 21‚898 | 21‚459 | 2.05% | Total liabilities | 60‚337 | 48‚261 | 25.02% | current liabilities | 14‚966 | 12‚876 | 16.23% | Cash flow from operating activities | 27‚388 | 23‚530 | 16.40% | (Rio Tinto Ltd 2011) The net profit margin in 2011 was 21.83%‚ while the net profit margin in 2010 was 37.14%.The data
Premium Balance sheet Rio Tinto Group Generally Accepted Accounting Principles
* 1. Currently product Axe is charged $3‚635‚223 depreciation on the income statement of Andrews. Andrews plans to make investment that will increase this depreciation to take advantage of changes in the tax code. Will this?a. Decrease net cash from operations on the cash flow statementb. Increase net cash from operations on the cash flow statementc. Just impact the balance sheet.d. Have no impact on the net cash from operations as depreciation appears in both cash flow and income
Premium Balance sheet Generally Accepted Accounting Principles Asset
| (a) | Purchased $100 of supplies for cash. Debit |CreditCash |$100Supplies $100 |_____Assets = Liability + Owner EquityDr | Cr$100 (supplies) | $100 (cash) $0 = $0$100 Cash is spend what is credit‚ but $assets increase for $100 in supplies what does not affect
Premium Generally Accepted Accounting Principles Balance sheet Liability
receivables must be financed from the time of the sale until they are collected. Therefore‚ both fixed and current assets must increase if sales are to increase. Of course‚ if assets are to increase‚ liabilities and equity must also increase by a like amount to make the balance sheet balance. • Spontaneous Liabilities The first sources of expansion funding are the “spontaneous” increases that will occur in a company’s accounts payable and accrued wages and taxes. The company’s suppliers give it 10 days
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
years. The giant manufacturers sell some of the most popular candies across the world. Tootsie Roll Industries‚ Inc. seeks additional funding for Enterprise Resource Planning upgrades throughout the company. With the knowledge of increasing total liabilities by 10% or 2.5 million‚ Tootsie Roll Industries‚ Inc. has prepared an updated business plan displaying the company’s history‚ vision statement‚ products and services‚ management practices‚ financial statements‚ and the company application of the
Premium Balance sheet Enterprise resource planning Asset
equation are assets‚ liabilities‚ and equity. Assets include Cash‚ Accounts Receivable‚ Notes Receivable‚ Prepaid Expenses‚ Land‚ Building‚ Equipment‚ Furniture‚ and Fixtures. Liabilities include Accounts Payable‚ Notes Payable‚ Accrued Liability‚ and Unearned Revenue. Equity includes Owner’s Capital‚ Owner’s Withdrawals‚ Revenue‚ and Expenses. 2. Companies need a way to organize their accounts so they use a chart of accounts. Accounts starting with 1 are usually Assets‚ 2 – Liabilities‚ 3 – Equity‚
Premium Accounts receivable Double-entry bookkeeping system Liability
1.0 INTRODUCTION Sapura Kencana Petroleum Berhad (Sapura Kencana) is a full-fledged upstream player and one of the world’s largest integrated oil and gas services and solutions providers. Sapura Kencana’s full spectrum of capabilities covers the entire value chain of exploration‚ development‚ production‚ rejuvenation‚ and decommissioning and abandonment. Multinational workforce comprising 51 nationalities and over 13‚000 people‚ comprehensive world-class assets and project management capabilities
Premium Balance sheet Generally Accepted Accounting Principles Inventory
Business Plan Executive Summary EADA Technologies (EADA) is an exciting start-up company in the newly emerging field of Personal Tracking Devices; respected industry analysts such as Ovum and ABI Research predict this will become a $22 billion market within the next five years. Products and Services EADA will develop and distribute miniaturized Personal Locator Devices (or Personal Tracking Devices). Initially‚ the manufacturing of our devices will be subcontracted‚ while we develop the supporting
Premium Marketing Asset Balance sheet
In addressing the ratio computations for 2009 and 2008‚ Unaudited and Audited reports‚ below‚ there were no significant changes between the two reports. From 2008 to 2009‚ the current assets decreased‚ but showed an increase in the hospital’s liabilities. This change affected the current ratio of the hospital‚ which was 15.51 to 5.41. The drop in net receivables and cash equivalents according to the ratio computations dropped which had caused a change in the quick ratio of the hospital from 9
Premium Balance sheet Asset Liability
Retained Earnings Identify each item as an “Asset”‚ “Liability” or “Equity” Account Common Stock Wages Payable Accounts Payable Inventory Land Notes Payable Prepaid Insurance Supplies Unearned Revenue Retained Earnings If assets increased by $5‚000 and liabilities decreased by $2‚000 then how much did stockholder’s equity increase
Premium Balance sheet Generally Accepted Accounting Principles Revenue