Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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To solve a system of equations by addition or subtraction (or elimination)‚ you must eliminate one of the variables so that you could solve for one of the variables. First‚ in this equation‚ you must look for a way to eliminate a variable (line the equations up vertically and look to see if there are any numbers that are equal to each other). If there is lets say a –2y on the top equation and a –2y on the bottom equation you could subtract them and they would eliminate themselves by equaling zero
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it works. This handout explains the idea behind the method‚ and is aimed at those students who want to understand mathematics at a deeper level. Review of homogeneous equations The homogeneous constant coefficient linear equation an y (n) +· · ·+a1 y +a0 y = 0 has the characteristic polynomial an rn +· · ·+a1 r+a0 = 0. From the roots r1 ‚ . . . ‚ rn of the polynomial we can construct the solutions y1 ‚ . . . ‚ yn ‚ such as y1 = er1 x . We can also rewrite the equation in a weird-looking but
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Chemical Reactions I. Purpose – The purpose of this lab was to observe different type of chemical reactions to write and balance chemical equations. II. Hypothesis: If you mix two chemicals together‚ then they will change color and/or bubble/fix. III. Procedure - Workstation 1: 1. Light the Bunsen Burner 2. Add 5 – 8 mL of HCL to a test tube that’s in the test tube rack 3. Drop a 2 – cm piece of Mg ribbon into the test tube 4. Record Observations 5. Clean Workstation
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Coordinate Systems: A point P is described by three coordinates ‚ in cartesian (x‚y‚z)‚ in cylindrical (r‚ ϕ ‚z)‚ and in spherical (r‚θ‚ ϕ )‚ as shown. A point is also defined by the intersection of three orthogonal surfaces‚ as shown. Cartesian Cylindrical Spherical Transformation from Cylinder to Cartesian Coordinates Transformation from Cartesian to Cylindrical: Transformation
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Universal Studios Advisory Board Recommendations for the pursuit of the production of programming in partnership with WWE Recently‚ we at Universal Studios have been approached by Mattel Toys to begin working on the production of a children’s program with the intent of marketing its World Wrestling Entertainment (WWE) action figures to children for their economic gain. While there may also be the opportunity for monetary gain for Universal Studios in such production‚ there are several legal
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To: Carminho Building Products Ltd From: Rodrigues Accounting Dear Sir/Madam‚ We are submitting herewith our report entitled UK Subsidiary Expansion. The main purpose of this report is to help Carminho Building Products Ltd decide the potential and suitable site for the formation of a public listed subsidiary. This report will include United Kingdom’s current financial reporting environment and other information that Carminho Building Products Ltd would need in order to make a sound decision
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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One of my favorite John Singleton movies‚ “Boyz ’N The Hood‚” is always on BET and I had considered it to be a huge impact on society. “Boyz ’N The Hood” introduced America to the reality that exists when living in poverty as many families do when you reside in the ghetto. As it relates to our society‚ John Singleton’s masterpiece portrays life in the hood; it covers issues such as the struggles of children raised up in a single parent household‚ under the adversity of violence‚ gang involvement
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ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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