profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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A.KASIRAJAN(Asst.Prof) WITH REFERANCE TO PERMANENT INCOME Department of Economics HYPOTHESIS R.K.M.VivekanandaCollege‚ Mylapore‚Chennai600004. _______________________________________________________________________________ Introduction The central idea of the permanent income hypothesis‚ proposed by Milton Friedman in 1957‚ is that people base consumption on what they consider their “normal income”. In doing this‚ they attempts to maintain a fairly constants
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10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments 1‚20‚000 Income from Prize fund Investments Prizes awarded 9000 Q7. 1‚20‚000 12000 A‚B and C are partners sharing profits and losses in the ratio of 1 : 2: 3. They have omitted interest on capital @ 8% p.a. for two years
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policy affect economic activity and income distribution in the Australian economy? Fiscal Policy is a macroeconomic policy that can be used by the government to regulate aggregate demand and production. Fiscal Policy is implemented through the government’s annual budget and also involves the regulation of aggregate demand by the government changing its level of planned spending (G) and planned tax revenue (T). Fiscal policy has the power to redistribute income‚ reallocate resources and regulate
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(i.e. AMRUTANJAN HEALTH CARE LIMITED: Particulars AMRUTANJAN HEALTH CARE Year of establishment 1936 Revenue for the current year 26.1749(USD in millions) Market Capitalization 1686.607351( RS. in millions) Industry Pharmaceuticals Total Income 1393.532573(Million rupees on year ending march 2013) Net Profit 121.196237 INTRDUCTION: There are two types of prospective financial statements. 1. Projected financial statement 2. Forecasted financial statement These statements attempt to
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writing to analyse the company’s current balance sheet and income statement. Particularly‚ I will critique on the company’s results‚ compare it to past years‚ compare it to competitors‚ and make recommendations on how to improve its financial position. Neiman Marcus department stores offer luxurious and high-quality men’s and women’s apparel and accessories. The Neiman Marcus Group operates 35 stores in nearly 20 states. The 2004 net income was an impressive $204 million and revenue was $3.5 billion
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m.Module 3 CAPITAL BUDGETING Meaning of Capital Budgeting :- Capital Budgeting is the process of making Decisions regarding long term investments in Fixed Assets which are not meant for sale. It is long range planning to employ the available capital for the purpose of maximizing the long term profitability of the concern. Definition of Capital Budgeting:- Prof I.M.PANDEY Defines Capital Budgeting as the firms decision to invest its current funds most efficiently in long term activities
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Requirement: Compute the amount of allowance for uncollectible accounts to be reported in the balance sheet of V company: Estimated Uncollected Accounts Details Total Amount ($) Percentage Considered Uncollectible (%) Allowance for Doubtful Debts Accounts ($) A B C D 0 – 30 Days Past Due 60‚000 5% 3‚000 31 – 60 Days Past Due 4‚000 10% 400 Over 60 Days Past 2‚000 70% 1‚400 Total 66‚000 4‚800 Therefore‚ the amount of allowance for uncollectible accounts to be reported in the balance sheet of V Company is $4
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staff salaries amounted to RM 3‚000 by cash 16 Purchase of stock is made by cheque RM 5‚000 before receiving trade discount of 3% 17 The owner’s daughter took goods from the business amounted to RM 100 19 The business obtained rent income for RM 3‚000 by cash 20 Banked in all the cash in hand into the bank of RM 700 22 Received dividend amounted to RM 1‚000 by cheque 23 Make a loan from Bank Rakyat for RM 45‚000 and received it by cash at bank 23 Paid creditor
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The Impact of Development-induced Displacement on the Income of the Poor Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Arts in Economics Honors By Pradeep 0914308 Supervisor: M. Xavier DEPARTMENT OF ECONOMICS CHRIST UNIVERSITY BANGALORE- 560029 2012 The Impact of Development-induced Displacement on the Income of the Poor Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Arts in Economics Honors By Pradeep 0914308
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