owner’s personal resources are at stake. C. Its ownership is easily transferable via the sale of shares of stock. D. It is simple to establish. E. It has double taxation. 2. External users want answers to all of the following questions except: A. Is the company earning satisfactory income? B. Will the company be able to pay its debts as they come due? C. Will the company be able to afford employee pay raises this year? D. How does the company
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$25‚000 (inventory at end of year) = $195‚000 (cost of goods sold) $400‚000 (sales) - $12‚000 (discounts) = $388‚000 (net sales) $388‚000 (net sales) - $195‚000 (cost of goods) = $193‚000 (gross profit margin) Use the following to answer questions 4 and 5 Cyclone Co. uses the periodic inventory system. The following information about their inventory of Model XX Mountain Bicycles is available: Date Transaction Number of Units Cost per Unit Total Cost of Goods Available for sale 1/1
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of the company and study the projected financial statements for 1992. To prepare for the meeting‚ when Alexander decided to review the expected financial statements for the year ending December 31‚ 1992 he observed that the net income was very attractive – increasing by over 400%. However‚ he realised the amount of short term debt reflecting in the balance sheet was a big concern. He wanted to understand this as he knew the shareholders would have questions. Problem statement Listed below are the
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Please forward the following two questions to the entire batch as directed by Sengupta sir. AS 2 Determine the cost of inventory of M/s XYZ International Limited involved in the import and trading of mobile phones as at March 31‚ 2011 in accordance with Accounting Standard – 2‚ Valuation of Inventories‚ from the following data (5000 phones) :- Purchase cost of phones – Rs 50‚000 Custom duty on Import – Rs 30‚000 Port clearing charges – Rs 10‚000 Carriage inwards – Rs 15‚000 Salary to
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| |(Period) |S.H. ShareHolder | |FV Future Value |S.E. ShareHolder | |IE Interest |Equity | |Expense |SYD Sum of the | |I.S. Income |Years’ Digits | |Statement |TA Total Assets | |FS Financial |TAT Total Assets | |Statements |Turnover | |LCM Lower Cost &|XA Uncollectable | |Market |Accounts | |M.S. Marketable |~A Contra-Asset | |Securities |(negative) | |N.I. Net Income |$
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coordinate the individuals’ budgets into a budget for a whole organization. 2) Accounting staff The accounting staff will assist managers in the preparation of their budgets; they will‚ for example‚ circulate and advise on the instructions about budget preparation‚ provide information that may be useful for preparing the present budget‚ and ensure the managers submit their budgets on time. The accounting
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(August 2012) Master of Business Administration - MBA Semester 4 “Operations Management” Specialization OM 0015 – Maintenance Management (4 credits) (Book ID: B1340) ASSIGNMENT- Set 1 Marks 60 Note: Each Question carries 10 marks. Answer all the questions. 1. a. Describe the three categories of maintenance activities b. What are the three stages in the lifecycle management of any machinery? 2. Explain briefly the metrics that can be developed by the maintenance department to identify
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Fourth term End term exam 2011 (1) Section B 2. b From a factory producing metal sheet‚ following defective were analyses in every lot size. Prepare relevant chart only UCL and LCL. Lot Size | 100 | 125 | 90 | 120 | 110 | Defective | 6 | 7 | 4 | 8 | 10 | Solution Since the Lot size are different we have to use ‘u’ chart. Sample NO | LOT Size | Defective | Proportion of defective | UCL | LCL | 1 | 100 | 6 | 0.06 | 0.140245
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classified as: 1) Financial assets at FV thru PL - ownership of less than 20% with 2) Financial assets at FV thru OCI no significant influence; at FV 3) Investment in associate - ownership of 20% to 50% with significant influence; use equity method 4) Investment in subsidiaries – ownership of more than 50% with control over the investee; consolidated FS (to be discussed in FINACC 3) Financial Assets at Fair Value: 1) Financial assets at FV thru
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> Capex? Is CFO > Capex + Dividends? If CFO < Capex + Dividends‚ how did the company finance Capex + Dividends? Trend in Net Income Trend in CFO Trend in Capex Trend in major working capital accounts Overall assessment of the financial strength of the company CFO = Cash flow from operating activities; NI = Net Income; Capex = Capital expenditures‚ i.e. investments into long-lived assets Major working capital accounts: Accounts Receivable‚ Inventory‚ Accounts Payable Beta
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