Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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please note who they are. Please type or write your answers on a separate sheet of paper. Your work must be organized and legible – if your TF can′ t understand what you wrote‚ they won′ t give you credit. Show your work for derivations and calculations. Be sure to calculate all results fully (don′ t leave numbers in fraction form‚ or in terms of pi‚ &c.) and to provide answers in the requested units‚ if applicable. Equation of the Week: ϕ= ϕ Vdispersed Vtotal t Vdispersed Vtotal
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2. Costing aircraft components A British Aerospace case study Introduction When we think about the cost of an aircraft‚ we tend to think of the cost of buying the product rather than the costs of running it! British Aerospace’s service to the customer does not stop at the aircraft acquisition stage‚ when the aeroplane is sold to the customer. If anything‚ this is when the customer relationship begins. This case study focuses upon the processes involved in costing aircraft components. Given the
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3 Scope of IAS 36 IAS 36 applies to (among other assets): – Tangible assets • Land and buildings • Machinery and equipment • Ships‚ aircrafts‚ motor vehicles • Investment property carried at cost (see IAS 40) – Intangible assets • Goodwill • Computer software • Patent‚ brand‚ customer list • Development costs 4 Definitions Impairment : – An asset is impaired when its carrying amount exceeds its recoverable amount Carrying amount : – The amount at which an asset is recognised
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Nairobi is the capital and the largest city of Nairobi. The city and its surrounding area also from the Nairobi county. The name comes from a maasai phrase ‘enkare nyrobi’ which translate to cold waters the phreas being a maasai name for Nairobi river’ however it known as the green city under the sun It is surrounded by several expanding villa suburbs with many inhabitants and governed by evans kidero the current governor. It is now one of the most prominent city in Africa both politically a nd
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Introduction Soft drinks‚ more popularly known as sodas‚ are not exactly referred to as items of necessity. People can live without sodas. In fact‚ people might be safer if they don’t drink soft drinks so much. And yet‚ soft drinks somehow make it to the top of the list of items bought by the average consumer. Why is this‚ exactly? Well‚ for one thing‚ sodas are delicious. They stand between liquor and juice. Those who are too young to drink beer but think that fruit juice is too juvenile can order
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GENERAL MILLS‚ INCORPORATED A Cost Accounting Analysis COMPANY BACKGROUND General Mills (GSI) is the sixth largest food company in the world. The company currently operates in more than 100 foreign countries and employs over 35‚000 people. . GSI manufactures and markets branded consumer foods worldwide and supplies branded and unbranded food products to the foodservice and commercial baking industries. The company manufactures cereals‚ yogurt‚ ready-to-serve soup‚ dry dinners‚ frozen vegetables
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op y 9-702-442 REV: JANUARY 27‚ 2004 DAVID B. YOFFIE tC Cola Wars Continue: Coke and Pepsi in the Twenty-First Century For over a century‚ Coca-Cola and Pepsi-Cola vied for “throat share” of the world’s beverage market. The most intense battles of the cola wars were fought over the $60-billion industry in the United States‚ where the average American consumed 53 gallons of carbonated soft drinks (CSD) per year. In a “carefully waged competitive struggle‚” from 1975 to 1995 both
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Consolidation with In-Process R&D a. Calculation of goodwill: Acquisition cost $ 10‚000‚000 Fair value of noncontrolling interest 2‚000‚000 Total fair value 12‚000‚000 Book value of Saylor $ 6‚000‚000 Fair value – book value: Land 500‚000 IPR&D 1‚000‚000 7‚500‚000 Goodwill $ 4‚500‚000 Allocation of goodwill between controlling and noncontrolling interest: Total goodwill $ 4‚500‚000 Pennant’s goodwill: $10‚000‚000 – 80%(7‚500‚000) 4‚000‚000 Goodwill to noncontrolling interest
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505‚000 | 1‚194‚000 | | Total Current Assets | 17‚441‚000 | 17‚569‚000 | 12‚571‚000 | Long Term Investments | 1‚477‚000 | 1‚368‚000 | 4‚484‚000 | Property Plant and Equipment | 19‚698‚000 | 19‚058‚000 | 12‚671‚000 | Goodwill | 16‚800‚000 | 14‚661‚000 | 6‚534‚000 | Intangible Assets | 16‚445‚000 | 13‚808‚000 | 2‚623‚000 | Accumulated Amortization | - | - | - | Other Assets | 1‚021‚000 | 1‚689‚000 | 965‚000 | Deferred Long Term Asset Charges
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