Operating Cycle: Over the last five years data has shown the rate of inventory turnover has been increasing. That is‚ it has gradually taken longer and longer for purchased inventory to be sold. An analysis of the financial data shows that current inventory turnover is at 150 days (2012: 153 days)‚ which is significantly higher than 107 days in 2007. The formula used was taken from financial data retrieved from the financial statements and was calculated as: 365/ (Cost of Goods Sold/Average
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* Why do nurses and physicians use 70% alcohol to wipe the skin before injections? 70% alcohol is used rather than pure alcohol because when combined with water‚ the alcohol can penetrate and kill microorganisms more effectively. "Alcohols are more effective combined with purified water—70% isopropyl alcohol or 62% ethyl alcohol is more effective than 95% alcohol‚ because the alcohol gets inside the cell better. " Source(s): http://en.wikipedia.org/wiki/Disinfectan… * Why is 100 percent
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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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Share on linkedin Share on facebook Share on twitter Share on email More Sharing Services 11 Yarn Count: Count is a numerical value‚ which express the coarseness or fineness (diameter) of the yarn and also indicate the relationship between length and weight(the mass per unit length or the length per unit mass)of that yarn. Therefore‚ the concept of yarn count has been introduced which specifies a certain ratio of length to weight. The fineness of the yarn is usually expressed in terms of its
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Financial Statements Robert Greene Phoenix University Principles of Accounting I 290 Dr. Zeneo Williams June 18‚ 2013 Financial Statements To understand finances‚ the ability to decipher the data available must be attained. One of the tools used to do this is through financial statements. There are four prevalent statements used to achieve this. They are the balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. These statements are a summary
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Linux Operating Systems Proposal Mark Spring Nets Op Sys-Unix w/Lab DeVry University 10/9/2014 To make our company great we should choose to incorporate Linux with all of our desktop and servers. For our desktop hosts I suggest that we should choose Ubuntu Linux. I believe that this Operating system is dependable and should last the test of time. Users whom are familiar with Windows should feel comfortable with Ubuntu and if the change seems too drastic for some users the option to go with Kubuntu
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CHAPTER-I FINANCIAL STATEMENTS LEARNING OBJECTIVES After studying this chapter‚ you will be able to: • Explain the meaning of financial statements of a company; • Describe the form and content of balance sheet of a company; • Prepare the Balance Sheet of a company as per Schedule VI Part I of the Companies Act 1956. • Know the major headings under which the various assets and liabilities can be shown. • Explain the meaning‚ objectives and limitations of analysis using accounting
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PREVIEW OF CHAPTER 4-1 4 Income Statement Usefulness Predicting future performance. 4-2 Evaluate past performance. Help assess the risk or uncertainty of achieving future cash flows. Income Statement Limitations Companies omit items that cannot be measured reliably. 4-3 Income is affected by the accounting methods employed. Income measurement involves judgment. Income Statement Quality of Earnings Companies have incentives
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ABC SDN. BHD. (Incorporated in Malaysia) REPORTS AND FINANCIAL STATEMENTS 31 December 2010
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Operating Systems on the Internet An online operating system is an operating system that is run online. The online operating system runs on a server that is on the Web. According to the web site‚ www.thefreedictionary.com (2003) the definition of an operating system is‚ “Software designed to control the hardware of a specific data-processing system in order to allow users and application programs to make use of it.” This applies to the online operating system‚ except that the operating
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