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
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Advantage of using Wi-Fi in Hotel Business Joker Ling Nowadays‚ Wi-Fi becomes a critical role in Hotel Business. As you know that‚ in today’s digitally connected world‚ all PC’s have Wi-Fi and an estimated 85% of mobile phone also has built in the Wi-Fi. In addition‚ guests in Hotel desire for access to the Internet during their stay continue to be strong. In the following‚ I will briefly describe about the advantage of using Wi-Fi in Hotel Business. First‚ I would like to tell you the
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accounting standards accounting standards Introduction to Accounting Standards Accounting is the art of recording transactions in the best manner possible. Accounting Standards are the policy documents issued by recognized expert accountancy bodies relating to various aspects of measurement‚ treatment and disclosure of accounting transactions and events. Every country has its own standards. Accounting Standards in India are issued by the Institute of Chartered Accountants of India (ICAI)
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—Conceptual 21.Which of the following is not considered cash for financial reporting purposes? a.Petty cash funds and change funds b.Money orders‚ certified checks‚ and personal checks c.Coin‚ currency‚ and available funds d.Postdated checks and I.O.U. ’s 22.Which of the following is considered cash? a.Certificates of deposit (CDs) b.Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because
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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
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Corporate Social responsibility: Shell Oil-Nigeria Case Study By Fatorma Bolley Abstract Corporate Social Responsibility‚ CSR has become an important element in the business strategy of a growing number of companies worldwide. A large number of initiatives have been developed that aim to support companies in developing‚ implementing‚ and communicating about CSR‚ Shell
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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requirements. For several years each division had been judged independently on the basis of its profit and return on investment. Top management had been working to gain effective results from a policy of decentralizing responsibility and authority for all decisions but those relating to overall company policy. The company’s top officials believed that in the past few years the concept of decentralization had been successfully applied and that the company’s profits and competitive position had definitely
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discussion‚ Congress has the authority to impeach and dismiss the occupants of the other 2 branches. This‚ above all else‚ makes the Legislative Branch‚ undoubtedly‚ the most powerful of the three. 3. What is a policy you think would help address the issue you feel is most critical? A policy I think would help the issue that is most critical‚ which is unemployment‚ is really putting more of an effort into these Americans that are
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existence of the fourth dimension‚ rendering time travel possible. Shortly afterwards‚ the Time Traveller plunges himself into the future using his time machine‚ landing in the year 802‚701 AD. He discovers that the race of man has evolved into two vastly peculiar species‚ the graceful‚ yet very childlike Eloi‚ and the fearsome Morlocks. The Morlocks steal his Time Machine‚ leaving him with no other choice‚ but to follow. In Glow‚ Waverly and Kieran have their whole future laid out for them. Waverly
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