TABLE OF CONTENT 1. MERCHANDISING BUSINESS a. Examples b. New Account on Income Statement c. Income Statement of Merchandising Business 2. DIFFERENCE: MERCHANDISING‚ MANUFACTURING & SERVICE RENDERING BUSINESS a. Service Business b. Merchandise Business c. Manufacturing Business 3. RECORDING SYSTEM OF MERCHANDISING BUSINESS a. Perpetual Inventory System i. Journal Entries 1. Purchases 2. Sales 3. Inventory Shrinkage Loss b. Periodic Inventory System i. Journal Entries 1. Purchases
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Traditionally all accounting information was recorded by hand in a written form. Employees performed the whole accounting cycle manually; they calculated trial balances‚ journalized transactions‚ prepared financial statements and other routines. Traditional manual accounting was a very tedious process‚ and required accountants to spend large amounts of time mathematically checking numbers. While many small companies still use the traditional ways of accounting‚ many large companies are switching
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Name: Essien Aniebiet Isreal Course: New Media CMT3331 Programme: Information Technology and Business Information System. Reflective Report Sequel to my thoughts and ideas‚ I finally came up with a preferable selection‚ despite several varieties of ideas. The choice of picture I have selected was based on a Safari trip to the Sahara desert of Dubai some time ago. It is a picture of the desert with the sand dunes and a rock. I often stare at the picture for a minute or two each time I come
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in today’s business. We also had chance to delve into what really can IT does to empower the business processes. Additionally‚ in our opinions‚ these articles also illustrate very well how IT initiates‚ facilicates‚ and enables business processes by using many examples. It makes these technical texts much easier to understand and to digest. Here is the summary of Article 2 and 3 (we couldn’t get in touch with the member who is responsible for Article 1) 1. Article 2 – Information Technology
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Business Plan April 8‚ 2015 TABLE OF CONTENTS EXECUTIVE SUMMARY 3 MANAGEMENT TEAM 5 ORGANIZATION PLAN 6 PRODUCT/SERVICE DEVELOPMENT PLAN 6 INDUSTRY ANALYSIS 7 OPERATIONAL PLAN 10 MARKETING PLAN 12 GROWTH PLAN 14 CONTINGENCY PLAN 15 FINANCIAL PLAN 16 FINANCIAL RATIOS 17 BREAKEVEN ANALYSIS 18 FINANCIAL GROWTH PLAN 19 REFERENCES 20 APPENDIX 21 START-UP FUNDS 21 SALARIES AND WAGES 22 FIXED OPERATING EXPENSES 23 PROJECTED SALES FORECAST 24 CASH RECEIPTS AND DISBURSEMENTS 25 INCOME
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Many of the world’s most successful technology firms—organizations that have had tremendous impact on consumers and businesses across industries—were created by young people. Today‚ tech knowledge can be a key differentiator for the job seeker. It’s the worker without tech skills that needs to be concerned. The aspiring investment banker who doesn’t understand the role of technology in firms and industries can’t possibly provide an accurate guess at how much a company is worth. Lecture 2 Chapter
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analyses of various proposals examined in this report are identified. Recommendations on the best way to handle the case of product Z are also discussed at the end of this report. Key strategies that were recommended include reorganization of the production processes and the termination of the product. 2. Background Information Dumbellow Ltd is a manufacturing company that produces three industrial valves which are incorporated into equipment used in the Oil and Gas industry. The board of Directors
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Norrie‚ Huber‚ Piercy‚ McKeown Introduction to Business Information Systems Second Canadian Edition TEST BANK Chapter 1 1. Globalization suggests that modern businesses are using information technology to: a) expand their market to customers around the globe b) find the lowest-cost suppliers regardless of location c) create 24 hour business days by shuttling work across time zones d) broaden the range of business activities across multiple nations *e) all of the above 2. Moore’s Law states that computing
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Who are the key actors in the making of business policy in the European Union? Within this essay key actors in the making of business policy in the European Union (E.U) will be brought to light. Specific motives and duties of each actor will be clearly defined and how each individual actor affects business policy within the E.U. Internal governing bodies as well as pressure groups and other actors will be elaborated on with their own influences in the making of a business policy. The European
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The Concept of Maslow’s Hierarchy of Needs Abraham Maslow developed the theory of human motivation called Hierarchy of Needs. It suggested that people need to be satisfied by all physiological needs before move on other high-order needs. I learned this concept in my secondary school which introduced how Hierarchy of Needs can be used in business management. At that moment‚ I can’t realize how this concept can be applied to manage people in companies‚ since I was student. It was difficult for
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