investments or capital of the firm and not only in relation to sales. Return on capital employed ratio measures the efficiency with which the investment made by shareholders and creditors is used in the business. Managers use this ratio for various financial decisions. It is a ratio of overall profitability and a higher ratio is‚ therefor‚ better. To see whether the business has improved its profitability or not‚ the ratio can be calculated for a number of years. Return on equity (ROE) is widely
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INC) | |[pic] | |Financial analysis statement for the year ended | |December in 2011
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NATIONAL SENIOR CERTIFICATE GRADE 11 MATHEMATICS P2 EXEMPLAR 2013 MARKS: 150 TIME: 3 hours This question paper consists of 12 pages and 3 diagram sheets. Copyright reserved Please turn over Mathematics/P2 2 NSC – Grade 11 Exemplar DBE/2013 INSTRUCTIONS AND INFORMATION Read the following instructions carefully before answering the questions. 1. This question paper consists of 11 questions. 2. Answer ALL the questions. 3. Clearly show ALL calculations
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MNGT-511 FINAL EXAM (Total points 100) Name: Rebecca Malandrino Chapter 7 1) Which of the following types of inventory usually is not held by a manufacturing business? (3P) C) Merchandise inventory 2) The following information was taken from the 2007 income statement of Cobra Company: Pretax income‚ $12‚000; Total operating expenses‚ $20‚000; Sales revenue‚ $120‚000. Compute cost of goods sold. (5P) A) $88‚000 (120‚000 – 20‚000 – 12‚000) 12‚000 (pre-tax income) + 20‚000 (operating
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facility to a larger location to support expanding sales. The shareholder meeting ended with a decision to meet during late March to review the performance of the company and study the projected financial statements for 1992. To prepare for the meeting‚ when Alexander decided to review the expected financial statements for the year ending December 31‚ 1992 he observed that the net income was very attractive – increasing by over 400%. However‚ he realised the amount of short term debt reflecting in
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ANSWERS 1 a) 1 b) 1 c) 1 d) 1 e) 1 f) This transaction has no effect on the balance sheet since this is only an order‚ no financial value. 1 g) 1 h) 1 i) 1 j) 2 a) a] b] c] d] e] f] g] h] j] k] l] 2 b)
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2‚ 3 | |2A‚ 3A‚ 4A‚ 7A‚ | |2B‚ 3B‚ 4B‚ 7B‚ | |a perpetual inventory system. | | | | | | | | | | | | | | | | | | | | | | | |3. Explain the recording | |6‚ 7‚ 8 | |2 | |2‚ 3‚ | |2A‚ 3A‚ 4A‚ | |2B‚ 3B‚
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Inventory Cost of Goods Sold $40‚000 $16‚000 $20‚000 $50‚000 Inventory Turnover 12) handling of incoming checks oversight of the internal control systems 2.78 Control activities Monitoring 13) An Audit Opinion is an evaluation of the company’s financial statements performed by an independent accountant or auditor. 14) Credit Sales Allowance for Doubtful Accounts Estimated Uncollectibles $235‚000 $7‚250 7% Estimated Uncollectible Accounts $16‚450 15) Bestway‚ Inc. Credit Sales Allowance for
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Introduction/Research Question The researchers are attempting to find if certain FVEP-P2 (electroencephalographic component of the flash visual evoked potential) procedures have enough diagnostic accuracy to determine who has amnesic mild cognitive impairment (MCIa)‚ which has been shown to lead to Alzheimer’s dementia (AD)‚ and who does not. This could change the way doctors discover MCIa and could lead to an increase in the potential for medicines or procedures that could prevent AD to be developed
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Financial statements are a necessity when it comes to businesses. They are used by both internal managers as well as outside users and provide information about the entire company. Managerial accounting is primarily used by individuals within a company or organization. The main purpose of financial accounting is to prepare financial reports that provide information about an organization’s performance to external parties like creditors‚ investors and tax authorities (Hilton‚ 2006). There are several
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