$2490 Costs & Expenses Cost of goods sold $840 Selling Expenses $555 General Expenses $450 Interest Expense $210 Total Costs & Expenses $2055 Net Income $435----------- SE7. Income Statement For the Year Ended May 31‚ 2011 Net Sales $2400 Cost of goods sold $840 Gross Margin $1560 Operating Expenses Selling Expenses $555 General Expenses $450 Total Operating Expenses $1005 Income from
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The core principles of care include: * Dignity * Equality * Respect * Fairness * And privacy Dignity: Dignity is a person ’s right to be treated like a human being. When we talk about human dignity‚ we mean human rights. If people are treated with dignity‚ they usually have the right to make choices for themselves. Dignity also means people are treated with respect. When we talk about dignity of the elderly‚ for example‚ we mean treating them like adults and not like children
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focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project? Ans: When analyzing whether to undertake a project‚ Caledonia needs to focus on free cash flows opposed to the accounting profits because free cash flows is revenue that can be used or reinvested in similar or future projects because it is money that has been received. If Caledonia chose to focus on the accounting profits the profit would be much lower because of
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Principles for Implementing Duty of Care in Health Social care or Children and young people’s setting 1) Understand how Duty of Care contributes to safe practice 1.1- Explain what it means to have a duty of care in your own work role As a professional working within health care‚ it is necessary and very important that we follow a code of practice which is set out by each employer in all work settings; this involves putting the needs and interests of those that we care for first. It is
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of the Kansas Union. Complete this packet prior to attending the review!!! Short Answer 1. State the fundamental accounting equation. 2. What are the two components of stockholder’s equity? 3. What is the formula for current ratio‚ quick ratio‚ debt ratio‚ and working capital? 4. What is the group that presently creates accounting standards? 5. What gives the board of directors the right to change a company’s CEO? 6. What three things
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Principles for implementing duty of care in health and social care or childrens and young peoples settings Task A1 Q what is ment by the term duty of care A Health and social care organisations have what is called a duty of care towards the pople in there care. That means that they must do everything within there power to keep the pople in their care safe from harm. It is not only the care establishment that needs to prioritise the safety ‚ welfare and interests of the people it cares for
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function? • How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? • Pendergrass Company hires an accounting intern who says that intangible assets should always be amortized over their legal lives. Is the intern correct? Explain. • What are the basic issues related to accounting for intangible assets? • Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method
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a) Which accounting standards or Generally Accepted Accounting Principles (GAAP) are used in preparing the financial statements of the company (International‚ local or US GAAP standards)? Where did you find that information? For our accounting analysis we found the key accounting policies and related them to our identified key success factors. McDonald’s most important factors include consolidation‚ financial statement estimates‚ revenue recognition‚ advertising costs‚ compensation from stocks
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OPERATIONS 2007 Taxation Law SUMMER REVIEWER PART I – GENERAL PRINCIPLES TAXATION – power inherent in every sovereign State to impose a charge or burden upon persons‚ properties‚ or rights to raise revenues for the use and support of the government to enable it to discharge its appropriate functions SCOPE OF TAXATION TAXATION IS: Unlimited‚ Far-reaching‚ Plenary Comprehensive Supreme STAGES OF TAXATION: (LAP) 1. Levy 2. Assessment 3. Payment Basic Principles of a Sound Tax System 1. Fiscal Adequacy 2. Theoretical
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system that creates a fair‚ honest and equal society. As a nurse this means treating all your patients equally as well as colleagues no matter of their ethnicity‚ religion or culture. For example all patients are included in decisions about their health‚ such as which hospital they receive their treatment at. Empathy is the ability to understand and share the feelings of another‚ in my line of work we have to be sympathetic and have empathy towards all our patients no matter our opinion on the situation
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