$200‚000 $250‚000 Bank loan 0 150‚000 Accruals 150‚000 200‚000 Total current liabilities $350‚000 $600‚000 If sales in 2010 were $1.2 million‚ sales in 2011 were $1.3 million‚ and cost of goods sold was 70 percent of sales‚ how long were Robinson’s operating cycles and cash conversion cycles in each of these years? What caused them to change during this time? OC=(Accounts Receivable)/(Sales/365)+Inventory/(COGS/365) OC_2010=300‚000/(1‚200‚000/365)+350‚000/(840
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Case: Hector and Family How does the “dual perspective” apply to Hector’s situation? The dual perspective applied to hector situations because he is trying to basically joggle two life styles. One minute he has to be there for his family and provided support to help his mother and family due to the father illness that takes away from his participation with the family‚ furthermore Hector is trying to build or create a future for himself‚ but founded it difficult to stay balance between his home life
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Balance Sheet and Income Statement Commentary BSA/500 – Business Systems I July 2‚ 2012 Balance Sheet and Income Statement Commentary JB Hunt (Trucking and logistics) On JB Hunt’s balance sheet for 2011 lists current assets of $513‚542‚000 and current liabilities of $438‚515‚000‚ yielding a current ratio of 1.17‚ which indicates the company‚ has $1.17 of current assets for every $1 of current liabilities. The previous year 2010‚ the current ratio was 0.91. This shows a 29% increase in the
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1. Suppose the Federal Reserve instructs the Trading Desk to purchase $1 billion of securities. Show result of this transaction on the balance sheets of the Federal Reserve System and commercial banks. > Change in Federal Reserve’s Balance Sheet Assets Liabilities Securities + $1 billion
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concealing‚ applying the corrective process and applying foundation. The first step in the preparation process is concealing. Dark circles underneath the eye must be concealed with a concealer with the same shade as your skin tone or a lighter one. To apply this‚ dab the concealer starting from the outer corner of the eye to the inner corner of the eye. This is to avoid stretching the sensitive area of the eye and maintain its firmness. Next‚ we move to the corrective process starting with the mauve base
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UVA-C-2332 Rev. Oct. 17‚ 2012 RATIOS TELL A STORY—2011 Financial results and conditions vary among companies for a number of reasons. One reason for the variation can be traced to the characteristics of the industries in which companies operate. For example‚ some industries require large investments in property‚ plant‚ and equipment (PP&E)‚ while others require very little. In some industries‚ the competitive productpricing structure permits companies to earn significant profits per sales
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How did the corporate culture of Enron contribute to its Bankruptcy? Once a sound company listed in fortune 500‚ Enron‚ lead to downfall because of deceptive accounting system incorporated within the organization. Enron’s dubicious finance finally collapsed in Dec 2‚ 2001 as it filed Bankruptcy in New York Bankruptcy court. The corporate culture of Enron focused on financial performance neglecting the stakeholder’s value .The relentless emphasis on the importance of the shareholder’s value created
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ACCOUNTING FOR INTANGIBLE ASSETS “WHY NOT ELIMINATE GOODWILL?” INTRODUCTION The Balance Sheet is one of the financial statements necessary to help different kinds of individuals – owners of enterprises‚ management of companies‚ analysts‚ creditors‚ inventors in making business decisions. It is a statement that tells about the financial position of the company. It encompasses the three main elements of the accounting equation – the assets‚ the liabilities and owner’s equity. The assets are
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Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively‚ whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified. Current
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Liquidity Ratio’s. 1)CURRENT RATIO: CURRENT ASSETS CURRENT LIABILITIES Interpretation: The ideal ratio 2:1 . The liquidity position of the company is not satisfactory because it is not reached the ideal ratio 2:1 . Thecompany should increase the current assets and decrease thecurrent liabilities. Quick Ratio Current assets –inventories. Current liabilities Interpretation: the liquidity position of the company is not satisfactory because the ratio is decrease and not reached the
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