largely independent of income. Although the measures served the purpose for a while‚ very soon negative side-effects did appear; in particular‚ black markets for flats developed‚ and‚ in the longer run‚ inner cities’ residential houses got dilapidated. Use economic theory to explain the situation and the consequences that arose. Hint: Consider the incentives of landlords‚ rental agencies and flat-hunters. Post WW2 times in Germany were really hard for a nation which just came out of a losing war. The
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TITLE: The Use of Profit and Loss Statements INTRODUCTION: This report will discuss the usage of a profit and loss statement in accounting as well as explaining why expenses are separated into specific categories in these reports. The different types of profits measured in this statement will also be explained. ROLE AND PUPOSE OF A PROFIT AND LOSS STATEMENT: 1. Role of a Profit and Loss Statement A profit and loss statement is a report prepared for presentation to interested parties showing
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professional looking financial statements for your bank‚ potential vendors‚ or other interested parties. An account system is also important to process sales‚ purchase orders‚ invoices‚ payroll‚ and other business functions manually. The accounting system must be scalable‚ secure and gather data feed from other business systems to collect up-to-date business finances. The installed REMS came with the following Finance and Accounting Financial Modules: General Ledger Module‚ Accounts Payable
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that they have high liquidity‚ and are able to readily turn their products into cash. In 2012‚ the current ratio for the gifts industry stood at 2.11‚ while the company’s stood at 5.56. The average current ratio for the gifts industry over the past 5 years currently stands at 1.73. As a leading entity in the gifts industry‚ Noel Gifts International has been consistently performing higher than the gifts industry. Their high current ratio puts them in good stead to continue paying off their short-term
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Fact Sheet: Climate Change in Australia Over Millions of years The Ice Age – The Cryogenian Period (850-630 million years ago) Even though there wasn’t ice everywhere when the ice age occurred‚ Australia and the rest of the continent were majorly affected by ice glaciers (known as bulldozers). Due to the environment being very cold and the outskirts of the glaciers turning into artic deserts‚ glaciers preserved the fossils of various plants and animals. Based on this fossil evidence‚ it is proven
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I am writing to analyse the company’s current balance sheet and income statement. Particularly‚ I will critique on the company’s results‚ compare it to past years‚ compare it to competitors‚ and make recommendations on how to improve its financial position. Neiman Marcus department stores offer luxurious and high-quality men’s and women’s apparel and accessories. The Neiman Marcus Group operates 35 stores in nearly 20 states. The 2004 net income was an impressive $204 million and revenue was $3
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Graded Assignment Korematsu v. the United States (1944) Use the background information and the primary sources in the Graded Assignment: Primary Sources sheet to answer the following questions. (2 points) Score 1. What did Fred T. Korematsu do that resulted in his arrest and conviction? Answer: He challenged the government order to evacuate all Japanese into war camps. (2 points) Score 2. According to the first paragraph from the excerpts of the majority opinion‚ what did the U
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Principles of Accounts A Handbook is prepared mainly for the purpose of helping the grade 8 students who are new to this subject. In this book we have included all the topics to be covered in grade 8. Each topic is serially numbered. At the end of each topic‚ a large number of descriptive‚ multiple choice and gapped questions‚ which are related to that topic‚ are given. Gapped questions are included mainly for improving the students’ knowledge of theory. The multiple choice and descriptive
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Question 1 Imperial Luxurious is a business providing marketing design services. On 1 March 2011 the following balances were extracted from the books: £ Capital 150 000 Premises 120 000 Fixtures and fittings 24 000 Provisions for depreciation on: premises 5 000 fixtures and fittings 6 000 Debtors 17 500 Creditors 8 500 Bank 8 000 For the month of March the following summarised transactions occurred: • Credit sales of £28 000 were invoiced
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preparing financial statements; and 3.4 how the accounting information helps the management in making business decisions. 4.0 COURSE CONTENT NO TOPIC REFERENCE HOUR 1. 1.0 ACCOUNTING ENVIRONMENT 1.1 Definition of accounting. 1.2 Purposes of accounting‚ fields of accounting‚ accounting professional bodies‚ ethics and regulations 1.3 Types of business 1.4 Characteristics of qualitative accounting information 1.5 Users of accounting information Topic 1 Rosli et. al
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