SOLUTIONS Introductory Financial Accounting Midterm Exam Professor Yanfeng Xue Note: 1. You have 90 minutes to finish this exam. The total score for this exam is 100 points. Please use your time wisely. 2. Please show your work because I do give partial credit. 3. If you cannot remember the name of a particular account‚ do your best at guessing and at least indicate the type of the account (asset‚ retained earnings‚ etc.) 4. Good luck!
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However‚ as Table 1 indicates‚ Enron’s reported profits were microscopic relation to revenues. Net income did not grow at anything near the same rate as revenues‚ which grew a remarkable rate of more than 3 times of the income from 1998 to 2000. As a result‚ there was a steady decline in net profit margin‚ from 2.2% in 1998 to a paltry 1% in 2001. Similarly‚ Enron’s gross profit margin (gross profits as a percent of revenues) declined from 15.6% in 1998 to 13.3% in 1999‚ and took a dramatic drop to 6.2%
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appear here: .:. Requirements 1. Compute Raven Design’s predetermined indirect cost allocation rate for the current year. 2. Compute the total cost of each of the two jobs listed. 3. If Raven Design wants to earn profits equal to 20% of sales revenue‚ how much (what total fee) should the company charge each of these two clients? 4. Why does Raven Design assign costs to jobs? SOLUTION: Req. 1 Predetermined indirect cost allocation rate: Estimated indirect costs: Support staff salaries..
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shows the company’s revenues and expenses during a particular period. It indicates how the revenues (money received from the sale of products and services before expenses are taken out‚ also known as the "top line") are transformed into the net income (the result after all revenues and expenses have been accounted for‚ also known as "net profit" or the "bottom line"). It displays the revenues recognized for a specific period‚ and the cost and expenses charged against these revenues‚ including write-offs (e
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industry are identified with respect to market dynamics‚ subscriber growth‚ revenue growth‚ policy regulation and investments. It is believed that after a period of price war over the past 3 years‚ a consolidation phase will follow in the near future. Moreover‚ while data services will dominate urban growth‚ voice services growth will be stimulated by the rural region with a low tele-density of around 35%. Idea‚ with a revenue market share of 13.2% is the 3rd largest players in the segment. The company
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CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES DISCUSSION QUESTIONS 1. a. Proprietorship: Ease of formation and nontaxable entity. b. Partnership: Expanded owner expertise and capital‚ nontaxable entity‚ and moderate complexity of formation. c. Limited liability company: Limited liability to owners‚ expanded access to capital‚ nontaxable entity‚ and moderate complexity of formation. 2. The disadvantages of a partnership are that its life is limited
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the following data: Actual revenue earned by Aalst in that quarter = 124‚080 Vehicles washed on average per hour during good weather = 24 Average revenue earned per vehicle = € 11 Hours of good weather in that quarter = 470 Hours of good bad in that quarter = 450 Vehicles washed on average per hour during bad weather = unknown variable x Those variables can be put into a mathematical equation where: (470 hours of good weather * 24 vehicles washed per hour * € 11 revenue per vehicle) + (450 hours of
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Mathieu Lemonnier Aurélien Marino Cédric Moulart 1 Marick Schippers Introduction Introduction History Market analysis Market definition Market size Market evolution Market trends Consumer trends PESTEL analysis PepsiCo Inc. Key figures Mix Net Revenue Market shares Competition Business model Supply chain Geographic analysis Responses to trends The customers Their strategy Challenges Main challenges 2 What does Pepsico do ? 3 Pepsico foundation through mergers and acquisitions Acquisition
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tentative understanding with Mississipi Greater Gulf Coast Housing Development Corporation (MGGCHDC) to build a $100 M worth of modular housing‚ and also planned to diversify by leasing a 350 sq ft. plant in Gulf Port to be financed by industrial revenue funds to be approved by local voters. In 1971 SHC also revealed its plan to widen its target market by catering not only to public housing projects. It doubled its manufacturing facilities and created US Shelter Corporation‚ a subsidiary for construction
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company’s management team headed by the President who channeled the efforts of the company in products and markets where it had distinctive competence. The company operated through two divisions which are the Construction-the main service and revenue segment of the company‚ which was involved in constructing large-scale industrial facilities‚ and in providing technological skills‚ labor and specialized engineering services; and the Machinery Division-which came from the success of the Construction
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