CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
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stands out (Arvidsson‚ 1996). Corporate scandals are becoming the order of the day‚ thus giving reasons for the escalation of social and ethical commitment of society‚ putting pressure on companies to be transparent about their CSR. CSR is today the basic tool most multinational corporation initiates for development in third world countries globally. The Royal Dutch/Shell group of companies‚ the parent company for Shell Oil-Nigeria commenced drilling oil in Nigeria in 1958. The company is not
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ANSWERS 1 a) 1 b) 1 c) 1 d) 1 e) 1 f) This transaction has no effect on the balance sheet since this is only an order‚ no financial value. 1 g) 1 h) 1 i) 1 j) 2 a) a] b] c] d] e] f] g] h] j] k] l] 2 b)
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2 A Further Look at Financial Statements Study Objectives 1. Identify sections of a classified balance sheet. 2. Identify and compute ratios for analyzing a company’s profitability. 3. Explain the relationship between a retained earnings statement and a statement of stockholders’ equity. 4. Identify and compute ratios for analyzing a company’s liquidity and solvency using a balance sheet. 5. Use the statement of cash flows to evaluate solvency. 6. Explain the meaning of generally
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References: Needles‚ B. E. (2010). Managerial Accounting. Florida: Cengage Learning. Warren‚ C. S. (2013). Managerial Accounting. Chicago: Cengage Learning.
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s&admin 5‚000 5‚000 5‚000 Net Income 695‚000 703‚350 686‚667 EINV 0 83.33 * 1000 0 =83‚330 b. In 2016 production exceeded the sales. The fixed manufacturing ov. Expense from 2015 ending inventory is included in CGS in 2016. Which explains the lowest income in 2016. In 2015 because production was more than sales . The FMOverhead costs were applied to production is not part of CGsold but part of ending inventory. c. 2013 2014 2015 Full cost per unit = 50‚000/5000 50‚000/6
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motivator of on-the-job brand building behaviors; when organizational identification is high‚ perceived organizational support boosts employees’ voluntary participation in brand development and positive word-of-mouth. These findings highlight the managerial relevance of the employee-organization relationship for turning employees into brand champions and show how organizational identification can be stimulated by means of internal branding. service brands internal branding organizational identification
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introduction to finical accounting. For me‚ this is the first time I had chance to learn this subject‚ before that I just heard some information about IFA by reading the FT newspaper and watching the news. When I start learning that‚ this subject gives me the impression that it is difficult to understand. During the past few months‚ I can say I already mastered some of the skills in IFA. I can still remember the first lecture I had learned was the definition of the “Accounting Equation”‚ I can conclude
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http://smallbusiness.chron.com/difference-between-traditional-accounting-computerized- accounting-4021.html INTRODUCTION: Before the advent of fast and cheap computers‚ accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became popular and software affordable‚ accounting tasks moved into this medium‚ where concepts stayed the same but mechanics changed from papers to programs. AIMS AND OBJECTIVE:
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MEANING OF ACCOUNTING: Accounting is the process of recording‚ classifying‚ summarizing‚ analyzing and interpreting the financial transactions of the business for the benefit of management and those parties who are interested in business such as shareholders‚ creditors‚ bankers‚ customers‚ employees and government. Thus‚ it is concerned with financial reporting and decision making aspects of the business. The American Institute of Certified Public Accountants Committee on Terminology proposed in
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