Fall 2012 Master of Business Administration- MBA Semester 1 MB0041 – Financial And Management Accounting - 4 Credits (Book ID: B1624) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Explain the process involved in accounting. 2. The salaries paid in 2004 is Rs. 5‚00‚000; Salaries outstanding is Rs. 20‚000; Salaries paid in advance for 2004 is Rs. 30‚000. What is the actual salary expenditure for 2004? Which accounting principle is involved
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Ethical Concerns for Genetic Testing in the Workplace Sean M. Williams TUI University Module 3 – Case Assignment ETH501 – Business Ethics Introduction The technology and advancements in our lives continue to grow and evolve every day. One arena where this is particularly true is genetic research and testing. It is now possible to test and/or screen for numerous diseases and ailments which can afflict the human body simply by testing a single drop of blood. This new technology has
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BSAD 0220 Legal Environment of Business Chapter 1 Introduction 1.Why Nations Are Economically Weak or Strong (a) Identify several reasons put forth to explain why nations are prosperous or poor. Dependency theory Natural resources Education and Technology Climate Private Market Law and Legal System. (Reed Pg.5-6) Law‚ the rule of Law‚ and Property 2. Law (a) Define law‚ Compare and contrast law and custom. Law is the social forces that holds‚ and intended to tell
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Accounting in a Business Context BU2021 Contents Introduction........................................................................................................................................... 1 Ratio Analysis.........................................................................................................................................2 Profitability........................................
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STUDENT NO: …………………………... SEMINAR TUTOR …………………………... Introduction Accounting is concerned with providing both financial and non-financial information that will help decision makers to make good decisions. An understanding of accounting therefore requires an understanding of the decision making process and an awareness of the users of accounting information. The major purposes of accounting are to formulate overall strategies and long-run plans. Resource allocation decisions such
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Consolidation of Wholly Owned Subsidiaries Acquired at More than Book Value ANSWERS TO QUESTIONS Q4-1 The carrying value of the investment is reduced under equity method reporting when (a) a dividend is received from the investee‚ (b) a differential is amortized‚ (c) an impairment of goodwill occurs‚ and (d) the market value of the investment declines and is less than the carrying value and it is concluded the decline is other
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Ethics concerns in Couple and Family therapy. Carolina Cuestas Gutierrez- S00059899 Master of Clinical Counselling - Australian Catholic University. Working with couples and families has a significant role to play in clinical Counselling. This population‚ allow the therapist to encourage the challenging practice that involves different principles‚ risk and threats in order to provide a good service. Couple and Family therapy involves many members whose needs are in conflict‚ which implicates
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Module 6 Reporting and Analyzing Operating Assets QUESTIONS Q6-1. When a company increases its allowance for uncollectible accounts‚ it also records bad debt expense in the income statement. If a company overestimates the allowance account‚ bad debt expense is too high and net income is understated. As well‚ accounts receivable (net of the allowance account) and total assets are both understated on the balance sheet. In future periods‚ the company will not need to add as much to its allowance
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Multiple Choice: 1. In general terms‚ financial assets appear in the balance sheet at: a. Face value b. Current value c. Cost d. Estimated future sales value 2. Which of the following practices contributes to efficient cash management? a. Never borrow money – maintain a cash balance sufficient to make all necessary payments. b. Record all cash receipts and cash payments at the end of the month when reconciling the bank statements
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Business Basics task 4 Legal and financial aspects will affect the start-up of a business in many ways. These can aid the start-up of a business‚ or they can make the business struggle. Financial aspects that will make your affect the start-up of your business negatively would be things like an increase in costs for things such as expenses e.g Electricity‚ resources for product‚ wages. If you have just started your business‚ and you are already losing money‚ there is not really any point in continuing
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