gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
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Mengxiong Li English 205OL The Google Corporation Google has developed into the biggest search engine on the Internet‚ and it has already become the most familiar name to everyone nowadays. Most of us must have experienced its impeccable search engine in today’s Internet world. But how much do we know about Google? Google was founded in 1998 by Stanford computer science graduate students Larry Page and Sergey Brin who named the search engine they built “Google‚” which is a variation on
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ways to produce a specific product do so in abundance and share it through global trade with the world‚ rather than it be extremely difficult and costly for a single state to do it alone. Through foreign direct investment‚ multinational corporations are able to invest in other countries by establishing their own facilities in foreign territories. This is the base of globalization. Through FDI and MNCs companies are locating closer to customers and introducing themselves in the same area as
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Problem Statement Zoecon Corporation sells a variety of animal-health-related and pest-control products. With a strong growth rate of 10% annually‚ Zoecon enjoys a 25% before-tax profit without a clear threat of declining demand. However‚ while the company’s trade relations with pest control operators (PCOs)‚ veterinary clinics‚ and pet stores‚ stay strong; the company has found the profit from its consumer-market sector lacking. In an attempt to conquer the consumer market‚ some of Zoecon’s top
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ACF: CONGOLEUM CORPORATION Summary Congoleum Corporation has three product market segments: home furnishings‚ shipbuilding and automotive and industrial distribution. In 1979‚ First Boston Corporation bid for an LBO of Congoleum for a price per share of $38. The purpose of this analysis is to assess Congoleum as a LBO candidate and determine whether the offer made by First Boston Corporation is fair. 1. Is Congoleum a good LBO candidate? In other words‚ does this company have a lot of debt
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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OneSource One-Stop Report LG Corp. 5 February 2013 OneSource One-Stop Reports for LG Corp. LG Corp. LG Twin Tower 20‚ Yeouido-Dong‚ Yeongdeungpo-Gu Seoul‚ 150721 Korea‚ Republic of Tel: Fax: 82-2-37771114 82-2-37732292 Employees: Company Type: Corporate Family: Traded: Incorporation Date: Auditor: 92 Public Parent 212 Companies Korea Stock Exchange: 05-Jan-1947 Deloitte & Touche LLP Financials in: GBP (000) 003550 Fiscal Year End: 31-Dec-2011 Reporting Currency: South Korean Won
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Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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Oracle Systems Corporation 1. What factors might have led analysts to question Oracle Systems’ method of revenue recognition in mid-1990? Are these legitimate concerns? Analysts might have been led to question Oracle’s method of revenue recognition because of revenue recognition timing‚ quality of receivables‚ and aggressive sales practice. These were all legitimate concerns. Oracle recognized licensing and sublicensing revenues on the date of contract rather than upon delivery when certain
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