3. Depreciation percentage=$1‚640‚200/$15‚411‚620 = 10.64% New Fixed Assets=$15‚411‚620 + $30‚000‚000 = $45‚411‚620 $45‚411‚620*.1064 = $4‚831‚796 new depreciation Pro forma Income Statement Sales ($36‚599‚300*1.12) $40‚991‚216 Cost of Goods Sold ($26‚669‚496*1.12) 29‚869‚836 Other Expenses ($4‚641‚000*1.12) 5‚197‚920 Depreciation 4‚831‚796 EBIT 1‚091‚664 Interest 573‚200 Taxable Income 518‚464 Taxes
Premium Generally Accepted Accounting Principles Balance sheet
The historical cost concept means expenses and assets must be recorded with their original cost according to its representation cost of things from the past. CITATION Wil09 \l 17417 (Wild‚ Shaw‚ & Barbara‚ 2009) For example‚ APPLE Company bought equipment at the price of RM 10‚000 and after few months‚ the equipment is then estimated to drop in value. The cost of the purchase RM 10 000 would be recorded in the financial report because there is official receipt and documents supporting the value
Premium Balance sheet Generally Accepted Accounting Principles Income statement
This past year impacted my train of thoughts in ways that I am now determined to succeed. I lived a glimpse of what it would be like without an education which was working in a factory these past months and now more than ever I have the motivation‚ ambition and drive to get back on the path to a bright future. I realized how one can struggle if you don’t further your knowledge and with that I am eager to excel and accomplish my goals. This time off gave me the chance to realize that I needed to
Premium Learning Greatest hits
The Concept of the Self in the Social World University Of Phoenix Understanding What Self Concept is Self Concept is the gathering of information about self‚ including ones personality‚ character‚ capabilities‚ and values. Self concept begins as an early as infancy‚ during this time the individual begins to formulate information about themselves. This process allows them to prepare and began to understand how they are related to others in their social world. Individuals’ going through
Premium Self-esteem Psychology
Concept of Inclusion Sylvia Leggett ESC: 315 Survey of Exceptional Students Instructor: Karree Fah September 26‚ 2011 In order to be effective utilizing inclusion we must have an idea of what that concept implies. Inclusion has been called many things down through the years in the educational realm. It has gone from being called the least restrictive environment to mainstreaming‚ to integration and now inclusion. Inclusion “is used to refer to the commitment to educate each child‚ to the
Premium Special education Education Resource room
Title Page Microeconomic Concepts Charlie Edwards Contents Page Page Title page 1 Contents page 2 1.0 Summary 3 2.0 Introduction 3 3.0 Over view of Qantas group 3 4.0 Products and Services 4 4.1 Economy and Economy plus 4 4.2 Business Class 5 4.3 First 5 5.0 Internal and external factors 5 5.1 Internal factors 6 5
Premium Qantas British Airways Airline
10/1/2012 CORPORATE FINANCE FIN 3313.01 Fall 2012 1st MID-TERM SINAN YILDIRIM NAME (Each Multiple choice question is worth 4 points) 1. The goal of financial management is to increase the: a. future value of the firm ’s total equity. b. book value of equity. c. dividends paid per share. d. current market value per share. e. number of shares outstanding‚ thereby increasing the market value of equity. 2. A corporation: A. is ultimately controlled by its board of
Premium Balance sheet Financial ratio Generally Accepted Accounting Principles
The concept of identity and it ’s ’shifting influences ’ has many forms such as; cultural‚ social‚ community‚ racial‚ sex and so on. These leave many in society with a “label” or stereotype to their name if they are out of place‚ unique‚ ’one of a kind ’ or just being themselves and society doesn ’t condone this. Such examples would be the novel RAW by Scott Monk and School Ties by Robert Mandel and the short story ’A bullying Story ’** by Peter Leavitt all show influences in society where people
Premium Judaism Jews Change
Key to Success What is education? According to the Oxford Pocket Dictionary of Current English it is defined as “the process of receiving or giving systematic instruction‚ especially at a school or university and the theory and practice of teaching”. In my opinion success requires not only formal education but the positive attitude‚ drive and vision through informal education. What is formal education? It is the interaction between students and a teacher that is required for a student
Free Education Teacher School
The 1950’s-60’s70’s-80’s Miranda Moultrie Nixon Back Again The United States presidential election of 1968 was the 46th quadrennial presidential election‚ held on Tuesday‚ November 5‚ 1968. Moon Shot On July 21‚ 1969‚ President Nixon spoke from the Oval Office to Apollo 11 astronauts Neil Armstrong and Edwin Aldrin at the Sea of Tranquility on the Moon. Apollo 11 was the spaceflight that landed the first humans on the Moon‚ Americans Neil Armstrong and Woodstock A village in New York state
Premium Apollo 11 Richard Nixon Neil Armstrong