resources in order to secure the provision of public services such as education‚ infrastructure‚ health services‚ or social protection. This is to say that revenue administrations occupy a pivotal position in the mobilization of domestic financial resources (Contact; 2007). But over the years‚ many developing countries lack an efficient tax collection system‚ leaving in some cases more than 60% of the tax potential untapped. In these countries‚ sustainable development and fiscal independence can only
Premium Tax
$54500 $36000 $110000 $55000 $55000 $29000 $26000 Answer 4: The Owner can prevent irregularities by the following ways:- Keep checking the Ratios at small interval of time. Taking Bank Reconciliation Statement. Matching the Revenue with Expenses. Take Consistency in method of recording the transaction. Case 3 Answer 1: Yes Lequita Adkins is a clever business person because Firstly she took a grace period of 90 days from 30 days‚ thereafter on final payment she also took
Premium Revenue Generally Accepted Accounting Principles Cost of goods sold
Baldwin Cycle Case 1. Relevant Cost: Direct Material $39.8 Direct Labor $19.6 Variable Overhead(@40% of $24.5) $9.8 Total Relevant Costs $69.2 2. 2-months Raw material for 25‚000 bikes @ $38.9 $165‚833 WIP Inventory(1000 @ $69.2) $69‚200 Finished Goods(500 @ $69.2) $34‚600 A/R (30 days) @(25‚000/12*92.29) $192‚270 Total Inventory Costs $461‚904 Relevant Asset Cost (@5.5 %) $25‚405 Total Relevant Asset Cost $487‚309 Interest @ 18% $87‚716 Net Relevant Cost $399‚593 Price Per
Premium Balance sheet Asset Inventory
Systems Over The Payroll Cycle • Internal Control Checklists For The Payroll Cycle • Tests Of Control Of Payroll • Internal Controls Systems Over The Stock Cycle • Internal Control Checklists For The Stock Cycle • Tests Of Control Of Stock INTERNAL CONTROLS OVER PAYROLL To understand the need for controls‚ it is helpful to break down the payroll process into its component stages. The table shows the various stages of the payroll “cycle”‚ together with:
Premium Audit Internal control Employment
ACC 235: Auditing EXHIBIT 4.53 Dunder-Mifflin‚ Inc.‚ Prior Year (Audited)‚ Forecast Current Year‚ Current Year Actual (Unaudited) Prior year Forecast Current Year Revenue and Expense: Sales (net) $9‚000‚000 $9‚900‚000 $9‚720‚000 Cost of Goods Sold 6‚296‚000 6‚926‚000 7‚000‚000 Gross Margin 2‚704‚000 2‚974‚000 2‚720‚000 General Expense 2‚044‚000 2‚000‚000 2‚003‚000 Depreciation 300‚000 334‚000 334‚000 Operating Income $360‚000 $640‚000 $383‚000 Interest
Premium Generally Accepted Accounting Principles Balance sheet
Background Thermodynamic cycle can be divided into two that are power cycle and refrigeration cycle. The cycle that produce net amount of works is called power cycle. The power cycle that can remain it working fluid in gaseous phase is called gas power cycle. There are many types of cycle in gas power cycle such as Otto cycle‚ Diesel cycle‚ Bryton cycle‚ Stirling cycle and Ericson cycle. The Otto cycle is known as ideal cycle for spark-ignition cycle while the Diesel cycle is known as compression-ignition
Premium Thermodynamics Heat Heat engine
Spermatogenesis Spermatogenesis is the production of the male gametes (reproductive or sex cell) otherwise known as sperm. The production of sperm takes place in the seminiferous tubules within the testes and are formed from cells by a type of cell division called mitosis and then meiosis. This process begins at puberty. Spermatogonia cells are made by mitotic division of the primordial germ cell. Mitotic cell division produces diploid cells that are identical to the Parent cell with 46 chromosomes
Premium Menstrual cycle Pregnancy Meiosis
INTRODUCING WITH BIOCHEMICAL CYCLES Biochemical cycles Nutrients are important for organisms to function. Each nutrient has a role in global biogeochemical cycles. A nutrient is a chemical that organisms need to live and grow and are substances an organism’s uses for metabolism which must be taken in from its environment that enrich the organism. Two types of nutrients are macronutrients and micronutrients. Macronutrients are needed in large quantities while micronutrients are needed in smaller
Premium Water Oxygen Water cycle
Tiffany Fuentes Business Ethics April 11‚ 2014 Stretching the Principles of Revenue Recognition In the business world‚ not everything will work perfect to our advantage‚ but one thing people in the business world should always make sure to do is to be smart when making decisions. The best way to be smart on making decisions is following their own ethics as leaders. To be successful‚ there should not exist dishonesty‚ greed‚ or arrogance because these three factors will bring any business
Premium Ethics Business ethics Enron
Citric acid cycle From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search [pic] [pic] Overview of the citric acid cycle The citric acid cycle — also known as the tricarboxylic acid cycle (TCA cycle)‚ the Krebs cycle‚ or the Szent-Györgyi-Krebs cycle‚ [1][2] — is a series of enzyme-catalysed chemical reactions‚ which is of central importance in all living cells that use oxygen as part of cellular respiration. In eukaryotic cells‚ the citric acid cycle occurs in the matrix of the mitochondrion
Premium Citric acid cycle Cellular respiration Adenosine triphosphate