Magdalena Company purchased an equipment in exchange for a noninterest bearing note requiring eight payments of P 250‚000. The first payment was made on December 31‚ 2012‚ and the others are due annually on December 31. At the date of issuance‚ the prevailing rate of interest for this note is 13%. PV of an ordinary annuity of 1 at 13% for 8 periods 4.799 PV of an annuity of 1 in advance at 13% for 8 periods 5.423 What amount should be recorded as initial cost of equipment? a. P 1‚355‚750
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Introduction :Handles and Hinges Ltd H&H was established in Birmingham‚ England‚ by two young entrepreneurs‚ Dave Philips and Chris Agnew‚ both experienced in the hardware trade. The business specialized in the ‘designer’ market for polished metal (brass or stainless steel) door handles‚ cupboard knobs‚ furniture fittings (mostly used in shop/office furniture) and hinges. Their company was successful‚ was based on H&H’s reputation for high-quality‚ unique designs of both traditional and
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I. INTRODUCTION I. PROBLEM STATEMENT Dan Barnes‚ financial manager of Ski Equipment Inc. (SKI) is anxious that the Company’s founder recently sold his 51% controlling block of stock to Kent Koren‚ who is a big fan of EVA (Economic Value Added). Koren rewards managers handsomely if they create value‚ but those whose operations produce negative EVAs are soon looking for work. Koren frequently points out that if a company can generate its current level of sales with fewer assets‚ it would need
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1.0 COMPANY OVERVIEW 1.1 ABOUT COMPANY: Square Textiles Ltd. started its journey by establishing the first unit in 1997. One year later the second unit was established. Square Textile is a subsidiary company of Square Group .The Company was incorporated as a public limited company in the year of 1994. The operation was started in 1997. The factory is located in Saradaganj‚ Kashimpur‚ Gazipur‚ Bangladesh. Its office is located at Uttara in Dhaka 1.2 MISSION STATEMENT: The mission statement
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FILMORE FURNITURE LTD Filmore Furniture Ltd. manufactures colonial maple furniture. The company was incorporated in 1970 by Fred Filmore‚ who had been the sole proprietor prior to that. In 1983‚ Fred Filmore retired and sold his business to his only son Phil‚ age 38‚ for a small sum. That year‚ annual sales totalled $1‚300‚000. Phil Filmore was an aggressive manager and strategist. He modernized the plant‚ introduced new product designs and accessories such as mirrors and lamps‚ and implemented new
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YCube Ltd Case Study Key Information o In 2011‚ YCube sold 35‚000 games at $40 each. o Total Costs amounted to $550‚000 of which $200‚000 were fixed. o In 2012‚ the company replaces a part that costs $3.00 with a better part costing $4.50 per unit. o An installation in the same year costs $20‚000 with a useful life of 5 years and no salvage value. It follows straight-line depreciation. Useful Equations Profit = Revenue − Total costs Profit = P? − UVC? − FC Profit + FC = ?(P − UVC)
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responsibilities in relation to the prevention and control of infection. They have to always be aware of and report changes in the health conditions of the individuals that they support. They also have a responsibility to assist with keeping work areas‚ and equipment clean‚ tidy and free from infection hazards. They are also encouraged to maintain good personal hygiene for themselves as well as their service users. For example‚ helping service users bathe‚ use the toilet and change remove and dispose of any soiled
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Westros Ltd buys a throne building business from Essos Ltd on 1st July 2014. The items are shown at their carrying amount in Essos Ltd’s accounting records and at the fair values estimated by Westros Ltd. Item Cost Accumulated depreciation/ amortisation Carrying amount Fair value $ $ $ $ Accounts receivable 100‚000 100‚000 90‚000 Land and buildings 800‚000 400‚000 600‚000 Plant & Equipment 250‚000 200‚000 50‚000 70‚000 Precious metals and jewels 525‚000 525‚000
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ORGANISATION STUDY ON Angel Broking Ltd. Sigra‚ Varanasi‚ Uttar Pradesh By Ashish Om (PB1104) & Jeswin George (PA1114) Group No. 53 Submitted to: UNIVERSITY OF MYSORE II SEMESTER INTERNSHIP – ORGANIZATIONAL STUDY BATCH OF 2011 – 2013 Through Contents Company Letter 3 CERTIFICATE FROM THE GUIDE 5 CERTIFICATE FROM THE GUIDE 6 ACKNOWLEDGEMENTS 8 Chapter 1 9 Industry Profile 9 CHAPTER 2 13 COMPANY
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Dansk Designs Ltd.‚ founded in 1955‚ is a company that markets stainless steel flatware. The firm traditionally followed a strategy of differentiation. They produce high quality products for the "top of the table". Their goal was to reach a small market segment‚ which consisted of upper class‚ prestigious customers. Dansk Designs wanted to sell the concept of the Dansk brand‚ and believed their consumers would purchase the Dansk products because of the prominent brand name and because the products
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