Luca Pacioli is referred to as both the “Father of Accounting” and the “Father of Profitability.” He was the first to describe in detail the double-entry bookkeeping‚ a process that plays an integral role in the development of capitalism as it allows us to calculate profits (Fischer‚ 2000). According to Pacioli‚ the hallmark of a successful business is what he calls the profit motive. This is the notion that successful business men and women must acknowledge and be influenced by the spiritual aspects
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Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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the document subtitle] Peter Strucks [Pick the date] Contents Executive Summary 3 2012-2013 Solar Industry 3 Japan 5 Strategic analysis on the Solar Industry 7 Porter’s 5 forces 7 Threat of entry 7 Bargaining power of suppliers 7 Bargaining power of buyers 7 Threat of substitutes 7 Industry rivalry 7 PEST 8 Political: 8 Economic: 8 Social: 8 Technology: 8 Bibliography 9 Executive Summary The solar industry poses many lucrative opportunities for companies with a long term horizon. The potential
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find bumps and rough patches between them and their dreams‚ and sometimes it seems like the only option is to give up and move on‚ however‚ if you really want something and don’t get it at the first attempt‚ are you a loser for failing or a success for trying?. Michael Arndt’s script‚ “Little Miss Sunshine”‚ tells the story of Olive Hoover‚ and how her dream of participating in a children’s beauty pageant brings her‚ and her dysfunctional but caring family into an eventful road trip from their home
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Nguyen‚ Paula Nguyen 1 9/10/12 Period 2 Zick Reflection on: Turn Off the Phone (and the Tension) Jenna Wortham/New York Times/Aug. 25‚ 2012 The article‚ “Turn Off the Phone (and the Tension)” by Jenna Wortham‚ from the New York Times‚ can be related to most people in our generation. Our generation is filled with new technology and doing things faster and more efficient. I would say the majority of teenagers have smart phones with texting and/or internet. I feel that most people have forgotten
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A charity for profit entity exists‚ and its role is to serve a charitable mission‚ but they are legally for profit. Profit charities basically focus on revenue and runs like a company. Their aim is generating profit for their company. Because it is a charity for profit‚ they have to pay taxes for the profit they made‚ while a nonprofit charity will not be taxed. Charites for profit can be categorized into two different sections. Firstly‚ the benefit corporation charities. They can maximize their
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Acknowledgements First of all‚ we would like to thank the Almighty Allah for blessing us with the strength‚ aptitude and patience for successfully completing this report. We would like to thank our Faculty Advisor‚ Ms. Farzan Mitu for giving us the opportunity to work on this report. we have been able to compile and complete this report in a comprehensive manner due to the guidance‚ support and counseling that she has provided us during this period. we have tried our best to implement her
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Solar Powered Traffic Light Solar traffic lights are signaling devices powered by solar panels positioned at road intersections‚ pedestrian crossings and other locations to control the flows of traffic. They assign the right of way to road users by the use of lights in standard colors (red - amber/yellow - green)‚ using a universal color code (and a precise sequence to enable comprehension by those who are color blind). Most of the solar traffic lights have battery back-up for functioning during
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depression? 8 . Discuss the various phases of business cycle: a. Are cyclical fluctuations necessary for economic growth? b. Suggest appropriate fiscal and monetary policies for depression Assignment B: all Case Study Electron Control‚ Inc.‚ sells voltage regulators to other manufacturers‚ who then customize and distribute the products to quality assurance labs for their sensitive test equipment. The yearly volume of output is 15‚000 units.
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MEANING Profit maximization is the traditional approach and the primary objective of financial management. It implies that every decision relating to business is evaluated in the light of profits. All the decision with respect to new projects‚ acquisition of assets‚ raising capital‚ distributing dividends etc are studied for their impact on profits and profitability. If the result of a decision is perceived to have positive effect on the profits‚ the decision is taken further for implementation
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