www.studyguide.pk for more notes visit www.studyguide.pk Bought to you by www.studyguide.pk AS- Level Accounting Unit 2 Revision Notes Benstead Revision Notes: Types of Business Organisation: Sole Traders: Advantages: Faster decision making Independence Quicker and cheaper to establish All profits belong to the sole trader Competitors know less about the business’s success as the accounts don’t have to be published Disadvantages: Unlimited liability-can lose both business’s
Premium Balance sheet Generally Accepted Accounting Principles Liability
International Accounting Case 1-2 1. An individual investor might want to invest in an international growth fund so that they can diversify their assets into mutual funds that invest in the stock of foreign companies instead of companies that are only in one country. 2. Risks common to both domestic and international funds: a. Investment style risk - the chance that returns from non-U.S. growth stocks and small- and mid-cap stocks‚ will trail returns from the overall domestic stock
Premium Finance Investment Stock market
CHApter1 2.What key insights does the GEM study provide us about entrepreneurship? Of particular interest to GEM is early stage entrepreneurial activity‚ which consists of businesses that are just being started and businesses that have been in existence for less than three and one-half years. While the high rates of entrepreneurial start-up activities occur in low-income countries‚ where good jobs are not plentiful such as brazil‚ china‚ Argentina. Low rates occur in high-income countries‚ such
Premium Entrepreneurship Entrepreneur Business
1.An extensive network of specialized cells that carry information to and from all parts of the body is called the nervous system. 2.The basic cell that makes up the nervous system and which receives and sends messages within that system is called a neuron. 3.The long tube-like structure that carries the neural message to other cells on the neuron is the axon. 4.On a neuron‚ the branch-like structures that receive messages from other neurons are the dendrites. 5. The cell body of the neuron‚ responsible
Premium Nervous system Neuron Brain
$ $ 0 180‚000 1 (180‚000*25%)45000 135‚000 2 (135‚000*25%)33750 101‚250 3 (101‚250*25%)25313 75‚937 Step 2:Calculation of Corporation tax Year 1 2 3 $ $ $ Sales revenue 190‚000 190‚000 190‚000 (-) Materials 70.000
Premium Depreciation Net present value
Exam Chapters 3‚4‚7 Student: ___________________________________________________________________________ 1. Which of the following is the correct formula to compute the predetermined overhead rate? A. Estimated total units in the allocation base divided by estimated total manufacturing overhead costs. B. Estimated total manufacturing overhead costs divided by estimated total units in the allocation base. C. Actual total manufacturing overhead costs divided by estimated total units in the allocation
Premium
2.14) a) Zirconium melting point is a physical property. b) Zirconium being resistant to corrosion is a chemical property. c) Zirconium having a greyish-white appearance is a physical property. d) It is a chemical property that allows Zirconium to ignite in the air when cut into small pieces. e) It is a physical property that Zirconium is a shiny metal. 2.18) a) Potential energy b) Kinetic energy c) Kinetic energy d) Kinetic energy 2.22) I would advise my friends to read the instructions
Premium Temperature Energy Potential energy
AC4321 Management Accounting S04 Group4 Hui Yan Shan 53034152 Kwan Mei Yee 53023082 Siu lai Kwan 52692231 SU Chingting 52480431 ZENG Mengyun 52639616 Zhou Yunqi 52638828 1. CRC will improve its ability to plan its cash receipts. For the new membership and fee structure‚ it is more predictable in a sense that CRC get the prepaid membership fees at the beginning of the year. In addition‚ by using new membership and fee structure‚ cash receipts are also more certain. Since there are
Premium Income statement Cash flow Rate of return
ACC201 Principles of Managerial Accounting Assignment Type: Individual or Group Words: 1500 words for individual or 2800 or 4200 words for a group of two or three members‚ respectively. Presentation: Both hardcopy and softcopy should be presented on the due date. The hardcopy should handle to me and the softcopy to the Turnitin (as software to check out the plagiarism)by the due date. The instruction for how to submit to the Turnitin will be provided you later through my web space.
Premium Activity-based costing Decision making Cost accounting
The world of accounting opens doors of opportunity for investors‚ stockholders and many businesses and organizations. However‚ accountants must follow guidelines established by “The American Institute of Certified Public Accountants”. (AICPA) Council designated the Federal Accounting Standards Advisory Board or (FASAB) as the body that establishes generally accepted accounting principles (GAAP). Accounting Standards GAAP is considered to be collection of methods used to prepare‚ process and
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements