Keep track of all the shares and the foot notes‚ split inventory accordingly Sales and Collections Adjust for cash and credit sales from total sales Record total units sold (will be used in E/B calculation for final goods) Manufacturing Process Record the proxy used to calculate pFOH. (Ex: Direct labour‚ Direct labour hour‚ Machine hour) Fixed Assets Adjust for proper allocation of Land/Building purchased Record how much % of the building is used for production (WIP %) Some assets
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surgical technologies‚ and physio-control. It has operations in more than 120 countries. Medtronic is headquartered in Minneapolis‚ Minnesota and employed 43‚000 people as of April 2010. The company recorded revenues of $15‚817 million during the financial year (FY) ended April 2010‚ an increase of 8.3% over FY2009. The operating profit of the company was $4‚215 million during FY2010‚ an increase of 60.7% over FY2009. The net profit of the company was $3‚099 million in FY2010‚ an increase of 49.7%
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define “recipient” as: Any State or political subdivision thereof‚ or any instrumentality of a State or political subdivision thereof‚ any public or private agency‚ institution or organization‚ or any other entity‚ or any person‚ to whom Federal financial assistance is extended directly or through another recipient and which operates education program or activity which receives or benefits from such assistance‚ including any subunit‚ successor‚ assignee‚ or transferee thereof. The US government is
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Coursework BBM – Financial Accounting (FIN 2241) SHARIFUDDIN HAZIQ BIN ABDUL AZIZ SCM 022587 Ms. Janice Contents No. | Title | Pages | 1 | Executive summary | 2 | 2 | Question 1 | Introduction | 3 | | | Sole Proprietorship | 4 | | | Partnership | 5 | | | Limited Liabilities Company | 6 | | | Accounting | 7 | | | Benefits of accounting | 7-9 | 3 | Question
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A good process is supposed to have short cycle time. In general‚ work-in-process inventory is large for a process layout‚ and small for a product layout. Which of the following characteristics is not associated with a product layout? Highly skilled workers. which of the following characteristics is not usually associated with batch production? stable‚ predictable demand.Which of the following is not considered a major process type? Fabrication An advantage of a make-to-stock process is which of
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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investment should be accepted if the NPV is positive and rejected if it is negative. The discount rate that makes the net present value of investment exactly equal to zero is b. Internal rate of return. Which of the following statements is true? If the financial manager relies on NPV in making capital budgeting decisions‚ she acts in the shareholders’ best interests. Net present value is equal to zero when the interest rate used to discount cash flows equals the IRR The decision rule is considered the “best”
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Accounting Principles: A Business Perspective‚ Financial Accounting (Chapters 1 – 8) A Textbook Equity Open College Textbook originally by Hermanson‚ Edwards‚ and Maher Fearless copy‚ print‚ remix(tm) www.textbookequity.com www.opencollegetextbooks.org ISBN-13: 978-1461088189 ISBN-10: 1461088186 License: CC-BY-NC-SA p. 1 of 433 About This Publication Simply put‚ you may copy‚ print‚ redistribute‚ and re-purpose this textbook or parts of this textbook provided that you give attribution
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1. Accounting is an information and measurement system that: A. Identifies business activities. B. Records business activities. C. Communicates business activities. D. Helps people make better decisions. E. All of these. 2. Technology A. Has replaced accounting. B. Has not changed the work that accountants do. C. Has closely linked accounting with consulting‚ planning‚ and other financial services. D. In accounting has replaced the need for decision makers. E. In accounting is only
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obtain funding‚ you need to convince a lender / investor that your business is more than a hobby. You need to demonstrate that you have a firm grasp of your business‚ the accounting practices that impact your business‚ the controls needed to safeguard assets‚ and which accounting system will produce accurate and relevant financial information. Write a six to eight (6-8) page business plan in which you: 1. Describe the type of business you have created including: a. The product or service‚ and general
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