CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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P1 was the market clearing price‚ but then one of determinants of demand changed and D↑ ● P2 is the new market clearing price Surplus & Shortage ● results in a new market clearing price and quantity ● consumers bid up prices that are too low to clear the market ● suppliers put products “on sale” when prices are too high to clear the market Surplus Qs>Qd Shortage Qd>Qs ● when P=P1 the Demand is to purchase Q1 ● but the suppliers are channeling a lot of their goods ● usually pressure by suppliers
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Solution: i. Establishment of estimated growth rate in earnings and dividends. XYZ Company’s current EPS is $4.75. It was $3.90 a year ago. The company pays out 35% of its earnings as dividends‚ and the stock sells for $45. a. Calculate the past growth rate in earnings. b. Calculate the next expected dividend. Assume that the past growth rate will continue Answer: If payout ratio is constant‚ then dividend growth rate will be same as earnings growth rate. a) dividend growth rate over
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to tell about WATER water is the most imp thing on earth.without water no life.We take it for granted‚ we waste it‚ and we even pay too much to drink it from little plastic bottles. And still‚ today‚ nearly 1 billion people in the developing world don’t have access to it. Clean‚ safe drinking water is scarce. It is the foundation of life‚ a basic human need. Yet today‚ all around the world‚ far too many people spend their entire day searching for it. Simply put‚ water scarcity is either
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Executive Summary The report is about the market segmentation‚ targeting and positioning of the tooth paste industry in the local market of Mauritius. For a total population size of approximately 1‚ 2 million‚ toothpaste represents 80% of the market. This market is being shares which Colgate Palmolive which represents Colgate has 45% of the market share and the rest is being played among Aquafresh 20% and Blendax occupies 14% of the market share. 21 % of the toothpaste market shares are occupied
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these trucks‚ America’s resources will come to a halt. In 2014‚ there was a shortage of about 38‚000 truck drivers in America due to many reasons (TDSA 2015 1). There is also a shortage in diesel mechanics‚ the makers and movers behind the truck drivers. We need our younger generation to step up and realize the great opportunities being a diesel mechanic and a truck driver offer. One main reason why there is a shortage in truck drivers is the age range. The average age of a truck driver is 49 and
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Water Pollution Water – The Elixir of Life Can you imagine life without water? Take a minute and think about it. We need water for all our daily essential activities – drinking‚ bathing‚ cleaning… In fact‚ every living thing on this planet needs water Water pollution And what do we do with this vital resource? We take its all important ability – we all know that water can dissolve many of the thing that we dump in it – to make it a giant rubbish bin. In fact‚ we even throw things
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STAT 758: Homework #6 Due on Wednesday‚ 11 April‚ 2012 Zaliapin‚ 1:00pm Tracy Backes 1 Tracy Backes STAT 758 (Zaliapin): HW #6 Problem #1 We assume below that Zt ∼ W N (0‚ σ 2 )‚ B is a backshift operator. 6.1 For the model (1 − B)(1 − 0.2B)Xt = (1 − 0.5B)Zt : a) Classify the model as an ARIMA(p‚ d‚ q) process (i.e. find p‚ d‚ q). ARIMA(1‚1‚1) b) Determine whether the process is stationary‚ causal‚ invertible. • The process is stationary if all roots of ϕ(z) are off of the unit
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POWER SHORTAGE IN MINDANAO: CAUSE AND EFFECT A Term Paper Presented to the Faculty of Northlink Technological College New Pandan‚ Panabo city In Partial Fulfillment of the Requirements for the subject Econ1: ECONOMICS ‚ TAXATION AND AGRARIAN REFORM Eddie L. Manungas Jr. lkenn louie M. Palma Researchers October 2014 CHAPTER 1 THE PROBLEM AND ITS SETTINGS Background of the Study One of the potential contributors to the large productivity gap between developed and
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Why has access to water been such an important? There is a lot of reason why‚ I will give you a few. Water was needed to feed the people farm life‚ water was important to keep one alive‚ and the most important‚ is water is used to grow plants and other material. How did ancient societies address the problems associated with harnessing these powerful resources? There were a lot of different ways to address the problems. Some use rules‚ maps‚ there were disputes‚ fights‚ and agreements were made
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