▪ Because of the impossibility of tracing overhead to specific jobs or specific products‚ overhead cost is allocated across jobs and units. ▪ A predetermined overhead rate permits a consistent and logical allocation to each unit of output ▪ It serves management’s needs for product cost information‚ to identify inefficiencies‚ and to smooth out the illogical month-to-month
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Next Plc | 2011 | 2010 | PerformanceGross Profit | 1008.7/3453.7 = 29.21% | 996.9/3406.5 = 29.26% | Operating Profit | 574.8/3453.7 = 16.64% | 529.8/3406.5 = 15.56% | ROCE | 574.8/(232.4 + 727) = 59.91% | 529.8/(133.4+802) = 56.63% | Asset Turnover | 3453.7/(232.4+727) = 3.60 times. | 3406.5/(133.4+802) = 3.64 | LiquidityCurrent Ratio | 1067.3/832.9 = 1.3:1 | 1041.2/758.1 = 1.4:1 | Quick Ratio | (1067.3 – 368.3)/832.9 = 0.84:1 | (1041.2 – 309)/758.1 = 0.97:1 | Inventory Days
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Description of event Today in placement I was asked if I would be able to assist Mrs X with personal care and dressing. Mrs X has advanced dementia and takes a lot of prompting to do simple tasks on her own‚ such as washing her face. Mrs X is fully mobile and needs a lot of support to hold her concentration on particular tasks or she is more likely to be distracted and wander off. Being aware of Mrs X’s needs I agreed that I am more than confident to assist her. I knocked on Mrs X’s door before
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On the second Social Work Competency‚ purpose to appreciate diversity‚ as well‚ use it in practice by asking questions addressing biases and using the knowledge to understand better the sociocultural environment of the clients. Apply and Communicate Knowing that diversity is an essential component of every individual life. Explaining to the participants that I have to understand the fact and improve this knowledge at every level of practice. For instance‚ at the agency‚ at lunchtime‚ a participant
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Table 1: Aging Schedule of Accounts Receivable AGE OF ACCOUNT | BALANCE OUTSTANDING | % OF TOTAL BALANCE OUTSTANDING | 0-15 days | $ 20‚000 | 19.59 % | 16-30 days | 30‚000 | 29.39 | 31-60 days | 40‚000 | 39.19 | 61-90 days | 10‚000 | 9.80 | Beyond 90 days | 2‚071 | 2.03 | TOTAL | $ 102‚071 | 100.0 % | 2. To evaluate the credit quality of Aero-Strip’s accounts receivables portfolio‚ we turn to their average collection period (ACP) and aging of accounts receivable. Knowing the ACP
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By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity? PANCAKETOM/DREAMSTIME.COM 475 476 Chapter
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Vol. 6‚ 2012-46 | November 29‚ 2012 | http://dx.doi.org/10.5018/economics-ejournal.ja.2012-46 Are Current Account Deficits Sustainable? New Evidence from Iran Using Bounds Testing Approach to Level Relationships Hassan Heidari Urmia University Salih Turan Katircioglu Eastern Mediterranean University Narmin Davoudi Islamic Azad University Abstract This paper provides new evidence on the long-run relationship between exports and imports of the Iranian economy by employing bounds testing
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parts a. and b.‚ summarize your observations about Pinnacle’s business‚ including your assessment of the client’s business risk. d. Go to the Pinnacle link on the textbook Web site (www.prenhall.com/arens) and open the Pinnacle income statement‚ which is located in the Pinnacle Income Statement worksheet of the Pinnacle-Financials Excel file. Use the income statement information to prepare a common-size income statement for all three years. Use the information to identify accounts for which you
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“FULLER” CAPITAL ACCOUNT CONVERTIBILITY A boon or a bane! Abstract This is the era of competitive economies and India is one of the pioneers. In the recent years‚ India has been consistently moving towards becoming a developed nation with its IT and technical advancement‚ intellectual capital‚ off shoring and outsourcing to boast of. Capital account convertibility is one of the main features of developed economy. India’s inclination towards CAC‚ when the Tarapore committee first suggested
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during January‚ its first month of operations‚ are listed below. Assume that Franklin Company uses the following journals: Cash Receipts (CR)‚ Cash Payments (CP)‚ Revenue (R)‚ Purchases (P)‚ and General (G). Assume that it uses Accounts Receivable and Accounts Payable Subsidiary Ledgers as well as a General Ledger. Indicate by letters which journal would be used for each transaction. Also indicate if the entry requires a posting to a subsidiary ledger. The transactions completed by Franklin Company
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