amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N
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jury was satisfied that his negligence was gross." Per Judge LJ R. v. Misra and Srivastava [2004] EWCA Crim 2375 para 64 (in the Court of Appeal Criminal Division) In light of the above comments‚ consider the elements of the offence of Gross Negligence Manslaughter and‚ referring to relevant authority‚ critically assess whether the current law in this area is certain and satisfactory. This paper is going to consider elements of the offence of Gross Negligence Manslaughter and will assess‚ whether
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the stock’s price movement or the overall state of the market. Profit Margin Anal ysis A company’s stock price‚ in large part‚ is driven by the company’s ability to generate earnings. Therefore‚ it is useful for investors to analyze the profitability of a company before investing in it. One way to do this is by calculating and tracking various profit margins‚ which reflect how efficiently a company uses its resources. Profit margins are expressed as a ratio‚ specifically “earnings” as a percentage
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A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
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Comparative analysis: CEO compensations in the non-profit sector in United States and European Union GiedreTuinylaite (3480585) Xin Charlie Chen (3617378) Utrecht University Table of Contents 1.Introduction
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REPORT Return On Capital Employed= 53.18% Return on capital employed (ROCE) is the ratio of net operating profit of a company to its capital employed. It measures in percentage terms whatever the net profit is generated to overall value of the company in terms of capital employed. In the case of hot fashions‚ they have managed to generate a return on their capital employed of 53.18% net profit in one year. The business had a great strength as their return on capital employed is over 50%. For a business
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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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Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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problem. The best numbers to look at when comparing year 7 to year 6 is the gross profit. The profit difference during these two years was 37.5% that is a good gross profit. This means several things‚ the first being that the company grew‚ that the customers were happy with the product‚ and that management did a good job in promoting its product. The operating expenses shows why there was such a great increase in gross profit. Their advertisement department spent 37.5% more on year seven than they
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crash time)? How much profit would SCI earn if you did this? (Assume activity AD takes 6 weeks again). Apply the crash to activity B-D‚ since it’s a node on the critical path and the lowest one cost wise to crash. It is also the best in terms of lowering the finish time. Applying 2 weeks of crash time would allow for the project to decrease to 10 weeks instead of 12. 10 weeks seems to be the absolute level allowed that would still improve the overall finish time. Profit would be $3‚000. Normal
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