| total operating capital minus net income. | | | | current assets minus current liabilities. | | | | Points Received: | 1 of 1 | | Comments: | | | | 8. | Question : | What was the average annual rate of return on 3-month U.S. Treasury bills during the period 1984 to 2008? | | | Student Answer: | | 3.84%
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Deegan Topic 1 Introduction to financial accounting theory 1.1 What is the difference between a positive theory of accounting and a normative theory of accounting? 1.6 The IASB and the FASB are currently developing a revised conceptual framework of financial reporting. If you have been asked to review the framework—which is an example of a normative theory of accounting—why would it be important for you to pay particular attention to how the objective of financial reporting is defined within
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after sale service Contract-Based Approach Contract-Based Approach Contract is recognized when all of the following conditions are met: 1. The entity is party to the contract‚ 2. The contractual rights are collectible/measurable‚ and 3. The performance obligation is measurable Net contract position represents the balance of contractual rights less contractual obligations Initial balance of net contract position is generally nil due to reciprocity and assumed arm’s length transaction
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100%. 3. This exam paper contains FIVE (5) questions in THREE (3) pages excluding the cover page. INSTRUCTIONS TO CANDIDATE 1. Answer all questions. 2. Write all your answers in the answer booklet provided. 3. If you make a mistake please put a single diagonal line through the section you wish to be ignored by the examiner. 4. Return all exam papers and scripts upon completion of the exam including any workings Question 1 (20 marks) Applying agency theory‚ positive accounting theory
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2.0 Ratio analysis The next will introduce the Mulberry’s and its competitor—Burberry’s financial ratios from their financial statements from 2010-2012. 2.1 Profitability analysis 2.1.1 Net profit margin Table 2.1 Mulberry and Burberry’s net profit margin Net profit margin | 2010 | 2011 | 2012 | Mulberry | 4.12% | 14.03% | 15.02% | Burberry | 6.42% | 13.74% | 14.27% | Data source: Mulberry’s and Burberry’s 2010-2012 annual reports From Table 2.1 it can find that Mulberry’s net profit
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Analysis of Financial Statements Ratio Analysis DuPont Equation Potential Misuse of ROE Use Financial Ratios to performance Uses and Limitations of Financial Ratios • Ratios help us to evaluate financial statements. Ratios are used to make comparisons. • There are many different ratios‚ with different ones used to examine different aspects of the firm’s operations. • Ratios can be divided into 5 categories: 1. 2. 3. 4. 5. Liquidity ratios‚ Asset management ratios‚ Debt management ratios‚ Profitability
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Introduction Accounting is a very old science as it is strictly related to the first forms of trade in the old world. According to Belkaoui (1992: 22)‚ the Committee on Terminology of American Institute of Certified Public Accountants (AICPA) defines accounting as follows: "Accounting is the art of recording‚ classifying and summarising in a significant manner and in terms of money‚ transactions and events which are in part at least‚ of a financial character‚ and interpreting the results thereof
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‘Corporate social responsibility‚ public policy and NGO activism in Europe and the United States: an institutional-stakeholder perspective’ Donaldson‚ L. and Davis‚ J. H. (1991). ‘Stewardship theory or agency theory: CEO governance and shareholder returns’ Donaldson‚ T. and Preston‚ L. (1995). ‘The stakeholder theory of the corporation: concepts‚ evidence‚ and implications’. Academy of Management Review‚ 20‚ 65–91. Dutta‚ P. K.‚ Lach‚ S. and Rustichini‚ A. (1995). ‘Better late than early: vertical differentiation
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| |[pic] | |Financial analysis statement for the year ended | |December in 2011
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month of operations of her business‚ Jane Kent Inc‚ the following events and transactions occurred. May 1 Stockholders invested $25‚000 cash in exchange for comon stock. 2 Hired a secretary-receptionist at a salary of $2‚000 per month. 3 Purchased $2‚500 of supplies on acount from Read Supply Company. 7 Paid office rent of $900 cash for the month. 11 Completed a tax assignment and billed client $2‚100 for services provided. 12 Received $3‚500 advance on a management
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