Expenditures and Revenues Matrix August 5‚ 2013 AJS 522 Importance of Informed financial decisions There are three different levels of the government who assesses the budgets on a federal‚ local‚ and state budget. The government’s finance team goes over the budget and decides how to distribute the funds. It is very important when distributing money from the tax payers funds. The tax payers money has to be used correctly or when reelection comes around the tax payers may not reelect
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Finance 486 Final Exam 1. Income Statement Preparation - 25 points a. Prepare an income statement for Cathy Chen‚ CPA‚ for the year ended December 31‚ 2009 Cathy Chen‚ CPA Income Statement for the Year Ended December 31‚ 2009 | Sales revenue | | $360‚000 | Less: Operating expenses | | | Salaries | 180‚000 | | Employment taxes and benefits | 34‚600 | | Supplies | 10‚400 | | Travel & entertainment | 17‚000 | | Lease payment | 32‚400 | | Depreciation
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Grade Details - All Questions-Unit 6 | 1. | Question : | On March 1‚ a company collects revenue in advance for the next twelve months and credits a liability account. The adjusting entry at year end on the work sheet would | | | Student Answer: | | increase a liability account | | | | decrease an asset account | | | | decrease a revenue account | | | | decrease a liability account | | | | | 2. | Question : | The income statement is prepared from:
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SINGAPORE MITA No. 013/06/2008 Company Report 12 March 2009 Olam International Ltd Gravity-defying growth Resilient to recession. Olam International Ltd (Olam) has been delivering consistent revenue and earnings growth since its listing in 2005‚ and growth momentum is expected to sustain despite the global recession. Management has guided for 16% to 20% topline CAGR and 25% to 30% earnings CAGR over the next three years. These goals are achievable‚ given that demand for food is relatively
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to draw conclusion on this analysis itself‚ as it can mislead without any context. It is always important to have both company background information‚ and the aid of other analyses such as ratios to help form a complete picture. Income Statement Revenue Sections: From the income statement one of the most visible changes is both strength and a weakness. The jump in Net Sales from FY6 to FY7 (up 33%) is very substantial indicating a growth year for the company and a very positive result. Net sales
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Facebook Most of Facebook’s revenue comes from advertising. These advertisements are displayed in the sidebar of most pages of the site and they’re typically targeted to certain users. Some of the ads displayed are sponsored by major brand advertisers and some come from Facebook’s capabilities to target its users. Facebook is able to customize the ads based on the user’s metropolitan area‚ age‚ gender‚ school network‚ job‚ and even relationship status. Facebook also makes money through Facebook
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cap companies with variable revenue drivers. This feature makes it challenging to find a relevant peer group‚ company‚ or even industry multiples. In our selected comapnies‚ Delta Air Line’s (DAL)‚ Jetblue (JET) and American Airlines (AAL) are large airline service companies for business and personal use. However‚ both DAL and JET revenue also are derived from the flight service business. AAL is also a competitor in this area‚ but American Airlines derives its revenue mostly from their debts. Apparently
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efficiently • Weaknesses: • There is lower operating income in Europe and Canada – In Canada the operating income fell 12.6%‚ likewise the European restaurants operating income also fell at 1.5%. • There is a relatively small revenue growth - In the last 5 years McDonalds revenues have grown at a rate of 7.5% compared to industry growth at 13.6% • Opportunities: • Newer products • More franchises - less risk • High Growth in China and Russia • Threats: • Competition - global‚ national‚ regional
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results for the last fiscal year‚ ending December 28‚ 2013‚ show revenues of $52.708 million. This is a decline of 1.2% year on year and a decline for the 2nd year. However‚ there was a sharp 23.8% increase in revenue from 2010 to 2011 thus current declines still put revenues above pre 2011 levels. Net income for 2013 was $9.620 million‚ a decline of 12.6% year on year and a decline for the 3rd year in a row. However‚ similar to revenues‚ there was a sharp 162.4% increase in net income from 2009 –
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January 31 of the year following the calendar year in which the compensation payment and other income payments subjected to final withholding taxes were paid or accrued. The return shall be filed with the Revenue Collection Officer or duly authorized City/Municipal Treasurer of the Revenue District Office having jurisdiction over the withholding agent’s place of business/office. A taxpayer may file a separate
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