CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
Premium Operating leverage Income tax Net income
Pollution and Control Act in 1962. This was followed by passing of Comprehensive Environmental Protection Bill for prevention of air pollution in 1983. Maharashtra‚ Gujarat‚ Madhya Pradesh were the first states in Indian union to have pollution control board with attached analytical laboratories. This was followed by the setting of series of laboratories in all remaining states of the nation. A legislation was passed. The grave tragedy of Bhopal in 1984 by accidentally releasing deadly poisonous gas
Premium Pollution Air pollution Environmentalism
Introduction In our coursework group assignment‚ our group had chosen the Apollo Food Holdings Berhad which is listed on the main board of the Bursa Kuala Lumpur. Apollo Food Holdings Berhad is a Malaysia-based company engaged in investment holding and provision of management services. Its own subsidiaries are Apollo Food Industries (M) Sdn Bhd‚ which is engaged in manufacturing and trading in many compound such as chocolates‚ chocolate confectionery products and cakes. The company is manufacturing
Premium Maize Chocolate Balance sheet
Final Project Program Summary Jeerna Meador HSM/270 Program Planning and Grant Proposal Writing in Hum Serv (Axia) Instructor: Richard Perrone Week Nine The overall purpose of this paper is to compare program planning in a human service organization by describing how they are related. There will be examples of how program planning and evaluation interrelate with the PEACE Domestic Violence Agency. We will also look at the technical and political aspects of program planning and evaluation that
Premium Abuse Child abuse Physical abuse
Thermoelastic Properties of Printed Circuit Boards: Effect of Copper Trace Hu Guojun‚ Goh Kim Yong‚ Luan Jing-en‚ Lim Wee Chin and Xavier Baraton STMicroelectronics‚ 629 Lorong 4/6 Toa Payoh‚ Singapore 319521‚ Singapore Tel: +65 63897056. E-mail address: guojun.hu@st.com Abstract After encapsulation‚ thermo-mechanical deformation builds up within the electronic packages due to coefficient of thermal expansion (CTE) mismatch between the respective materials within the package as it cools to
Premium Finite element method Materials science
“certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte
Premium Financial statements Balance sheet Generally Accepted Accounting Principles
Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
SMS BASED WIRELESS NOTICE BOARD 1. SPECIFICATION 1.1)AT89S52 MICROCONTROLLER: MAJOR SPECIFICATIONS: • 8K Bytes of In-System Programmable (ISP) Flash Memory – Endurance: 1000 Write/Erase Cycles • 4.0V to 5.5V Operating Range • Fully Static Operation: 0 Hz to 33 MHz • Three-level Program Memory Lock • 256 x 8-bit Internal RAM • 32 Programmable I/O Lines • Three 16-bit Timer/Counters • Eight
Premium GSM Direct current Temperature
costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
Premium Balance sheet Inventory Manufacturing
No.6 (Serial No.61) Journal of Modern Accounting and Auditing‚ ISSN 1548-6583‚ USA Fair value accounting under financial crisis HE Cai-xia1‚ ZHANG Chi2 (1. School of Accounting‚ Zhongnan University of Economics and Law‚ Wuhan 430073‚ China; 2. School of Management‚ Huazhong University of Science and Technology‚ Wuhan 430073‚ China) Abstract: The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge
Premium Balance sheet Asset Generally Accepted Accounting Principles