CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends
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Limited Companies In order to set up a limited company‚ you must firstly set up the company with Companies House and let HM Revenue and Customs (HMRC) know when the company starts its business. Every financial year the company must: Put together statutory accounts Send Companies Home an annual return Send HMRC a tax return The company must register for VAT if you expect its takings to be more than £81‚000 per year. If you’re a director of a company you must: Fill in a Self-Assessment tax return
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Profitability Ratios: How Profitable is the Company? Net sales/Net profit after taxes The information necessary to determine a company’s profit as a percentage of sales can be found in the company’s income statement. 1. Magnetronics’ profit as a percentage of sales for 1999 was $1‚307 divided by $48‚769‚ or 2.68%. 2. This represented a decrease from 3.6% in 1995. 3. The deterioration in profitability resulted from a decrease in cost of goods sold as a percentage of sales‚
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The Blood Circulatory System The Circulatory system is a system in the bodies of all organisms that moves the nutrients that are needed as well as gases and wastes to and from cells and helps fight unwanted bacteria and other diseases. It also helps alleviate the body temperature to maintain homeostasis‚ which is the property of either an open system or a closed system in a living organism. It brings the body’s cells what they need in order to survive – oxygen and nutrients. The center of the circulatory
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Unit 10: Blood/Immunology Case Study Lab What were your three diagnoses? 1. Case 1: Pernicious Anemia 2. Case 2: Normal Blood Smear 3. Case 3: Malaria Journal Questions for lab 1. In what ways do normal red and white blood cells differ? Many red blood cells circulate in the bloodstream‚ while the white blood cells leave the blood. 2. Which type of white blood cell would you expect to be most common in a normal blood smear? Neutrophils 3. A differential
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INSTRUCTIONS ON “HOW TO REFERENCE” Bibliography: Citations must be consistent in author name(s) (spelling and name order) and publication date between the text and the bibliography at the end. Any reference in the text must be matched by a full entry in the end bibliography. Entries in the bibliography must be matched by entries in the text; if nor they should be deleted. Citations must include all information necessary to enable the reader to locate the referenced publication. The examples
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give the tissue a honey comb appearance and expand its surface area for the exchange of oxygen. • diaphragm: a dome-shaped muscle that divides the thoracic and abdominal cavities— contracts‚ making the thoracic cavity larger. • inspiration : Reduces the pressure within the thoracic cavity‚ allowing atmospheric gas to enter the lungs. • expiration: When the diaphragm relaxes‚ the pressure within the thoracic cavity increases‚ forcing air out of the lungs 2. Explain how the respiratory
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FORMATION OF BLOOD CLOTS Definition • A blood clot is a mass of blood cells and blood components that form to stop the bleeding that occurs when a blood vessel is injured. When a blood vessel is broken‚ platelets in the blood become sticky and clump together at the site of the injury. They begin to form a mass to stop the flow of blood. Description • Clotting is the body’s normal response to a bleeding injury. It is a necessary function to prevent a person from losing too much blood. Most
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The ability to cooperate well with others is more important today than in the past. Do you agree or disagree? (360 words). These days‚ it is hard to deny the importance of cooperation skill in one’s life time. Whereas some people argue that this ability is more crucial in modern time than in the past‚ others challenge this notion. From my perspective‚ I believe that getting along with others does serve the critical role in the life of human beings whether in the past or in present life. In the
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How exercise affects certain aspects of the body During exercise our body needs more oxygen and blood to keep the muscles activated. To grant this the heart pumps higher frequency of blood increasing the heart rate. Heart pumps blood through arteries faster resulting in a high blood pressure. Exercise increases the stroke volume (the amount of blood pumped in one beat)‚ so an increase in stroke volume means that the heart can pump enough blood to the body with fewer beats per minute. Even after the
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