point The return on investment measure of performance: 1) Is not as important a measure of management effectiveness as the amount of net income. 2) Relates dividends paid to the entity’s assets. 3) Is calculated using net income as the amount of return. 4) Is calculated by dividing average assets for a period by the amount of net income for the period. Question 9 0 / 1 point Expenditures capitalized as long-lived assets generally include those expenditures that:
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bought at low prices‚ including a Heidelberg Offset Kord‚ originally acquired at 380 000 pesos‚ now valued at 1.2 million pesos. Upon reviewing the company’s income statements and balance sheets‚ Jose noticed that company sales did not reach 1 million pesos despite being in the business for 25 years. In addition‚ he computed a 6% increase in net margin should assets be sold and treasury bills invested in. Jose presented the information to his father; however‚ the latter only gave him freedom in
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hints. Lets start from the beginning: SALES BUDGET: First‚ take budgeted sales in units for each month of April‚ May‚ and June‚ and multiply by the selling price of $10/unit. You will get TOTAL SALES which you will also need to plug into the Income Statement later. For example‚ April should be 65‚000 units times $10 = $650‚000 Total Sales. For your Schedule of Expected Cash Collections‚ each months units must be multiplied by the $10 selling price to yield the months sales. Per page 414‚ we know
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Executive Summary Commerce Bank was founded in 1973 by Vernon Hill II who took his experience in operating fast-food restaurants and applied it to banking. He decided to call his branches "stores" and developed a business model focused on maximizing customer convenience and delivering consistently great customer experiences. Commerce Bank invested heavily in store facilities and personnel to make the customer experience great and did not focus on having the best rates. To increase convenience‚
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1. Evaluate Alpha Natural Resources’ (ANR) corporate social responsibility CSR) performance. Be sure to reference information both from the company’s own webpages and from the media or watchdog agencies. Alpha Natural Resources is one of the largest coal producers in the United States. It’s business ranges from extracting‚ processing and marketing steam and metallurgical coal to services related to equipment repairs‚ road construction and logistics. The company’s clients include electric utilities
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150‚000 b. Terra Cotta Designs Income Statement For the Year Ended December 31‚ 2011 Sales $6‚100‚000 Less cost of goods sold: Beginning finished goods $ 700‚000 Add cost of goods manufactured 4‚150‚000 Cost of goods available for sale 4‚850‚000 Less ending finished goods 350‚000 4‚500‚000 Gross profit 1‚600‚000 Less nonmanufacturing expenses: Selling expenses 400‚000 General & admin. expenses 850‚000 1‚250‚000 Net income $ 350‚000 Case 2-2‚ LO 7‚ 9
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headquartered in Montreal‚ Canada. (NYSE‚ 2012; Hoovers‚ 2012; Gildan Activewear Inc‚ 2011) Gildan Activewear posted a net income of $ 95‚329 million in FY 2009 and it increased to $198‚245 million in FY 2010. The positive growth in net income is likely to increase as their retail market continues to expand and their sales revenue increases from significantly higher unit sales. Furthermore‚ Gildans Net Earnings for FY 2010 were $ 35.9 million which were up 25 % from FY 2010. The growth was due to strong sales
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Dear Mr. Giberson‚ After a careful review and analysis of your annual costs and income‚ our team has some suggestions on how to best make a profit for your business. It seems that the prices you are charging for your products too low to cover all of your costs. Since the main constraint in your business is your time‚ we determined a rate that you should charge per minute of your time in order to make a profit. We then came up with a price per piece that we suggest that you charge according to how
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whose net sales boosts over 30% averagely each year and shows a high accelerate rate in recent years. As a lot of high-tech companies‚ its high ROA and ROE had proofed its strong profitability. 2. It suffers a high cost and especially high selling‚ general & admin expenses‚ which leads a low gross income and a negative net income. Regardless of the high cost of goods which may caused by the high scrap rate inevitable in this pioneer industry‚ the SG$A expenses which take over 84.3% of the net sales
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each ratio. Use the financial statements for Drs. Smith and Brown‚ located on the student website‚ to perform the calculations and complete the form. Review the following example on how to perform the inventory turnover calculation‚ which shows you how to complete the table. * Two different methods can determine the inventory turnover ratio. * Cost of goods sold—operating revenue of a hospital—divided by ending inventory * Total revenues plus net nonoperating gains divided by
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