CAPITAL BUDGETING DECISION Clark Paints To look into possible ways to trim total poduction costs. Make or purchase paint cans? Cost of new equipment Disposal value Life production - number of cans Annual production or purchase needs - number of cans Project life $ $ 200‚000 40‚000 5‚500‚000 1‚100‚000 5 years Number of workers needed Annual work-hours per employee Earnings per hour for employees Other annual benefits per employee - % of wages Annual health benefits per
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aInnovation Drives Growth 2011 ANNUAL REPORT Generating Another Record Year 1.6B 30.3% $ 0.165 $ 0.93 50M $ (1) (2) record revenue from digital channels (1) record oPerating margin (2) record dividend increased 10% in 2011 record earnings Per share (2) record online monthlY active users in dec. 2011 Represents Non-GAAP revenues from subscriptions and memberships‚ licensing royalties‚ value-added services‚ downloadable content‚ digitally distributed products‚ and wireless
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1. Under cash basis of accounting‚ revenue and expense recognition would occur when cash is received and disbursed. Contrast cash basis of accounting with accrual basis. Give suitable examples. ACCRUAL BASIS OF ACCOUNTING - An accounting basis wherein revenue and expenses are recorded in the period in which they are earned or incurred regardless of whether cash is received or disbursed in that period. This is the accounting basis that generally is required to be used in order to conform to generally
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10 Executive Summary Dollar General is the leading dollar store retailer in the United States with 2011sales revenues of $13 billion. It evolved since 1939 from a family (Turner) owned business to a publicly-traded company to a de-listed private investor-owned company in 2007. In 2008 Mr. Rick Dreiling‚ the current CEO and Chairman of the Board‚ began to steer the company in new directions. The operating priorities were to drive productive sales growth‚ increase gross margin‚ improve
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Target Case Study Be prepared to describe and critique Target’s capital budgeting system. Give specific consideration to the role of the real-estate managers and the makeup of the CEC. Target’s capital Budgeting System‚ by 2006‚ Target was targeting to create a lot of outlets and they were termed as projects‚ each project contains a set of procedures to be followed that are then approved by the CEC (capital Expenditure committee) in order to get the store up and running. There specific consideration
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1. Near year end‚ P‚ a cash basis‚ calendar year taxpayer‚ paid for various deductible expenses as described below. 1. The payment was dropped in the mail before year end. 2. P gave a note evidencing her promise to pay the amount in three months. 3. The amount was charged on her Master Card on December 28. The charge appeared on her bill for the period December 1 through December 31‚ which she received in January and which she paid on January 20. The bank actually paid the expense in January
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The trial balances before and after adjustments for Old Julian Calendars at the end of its fiscal year are presented below. Old Julian Calendars Trial Balance September 31‚ 2010 ——————————————————————————————————————————— Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $ 15‚080 $ 15‚080 Accounts Receivable 14‚960 16‚110 Office Supplies 2‚760 885 Prepaid Insurance 5‚800 1‚450 Office Equipment
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Definition of Gross Income‚ Taxable Income‚ and Net Income Gross income refers to all income but not excluding exempt income and subject to final income tax. Example of gross income include: salaries and wages‚ commission‚ sale of and other dealings in property‚ rents‚ dividends‚ and securities. Exclusion from gross income or those incomes that are exempted from tax include: life insurance proceeds paid to beneficiaries upon the death of the insured; compensation for injuries or sickness‚ retirement
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Mathematics Hidden Inside the Mayan Calendar The Mayan Calendar is a system of calendars in Pre-Columbian Mesoamerica‚ in modern communities in highland Gautemala‚ in Vercruz‚ Oxaca‚ and Chiapas‚ Mexico. The calendar is filled with mathematics and a huge math system‚ but it is not exactly like the math system we use today. The math system hidden inside the Mayan Calendar is called the Vigesimal System. How does the Vigesimal System work? The numbers represent what symbols in the math system? This
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Discuss the advantages and disadvantages of budgeting as a system of organisational control. A budget is a short-term financial plan of income and expenses expected over a certain period of time (usually one year) used to achieve a businesses objective. Budgeting can be useful for exercising control over a business because of its nature as a representation of a plan. Control is generally viewed as making events conform to a plan. As a budget is represented as a plan‚ allowing events to conform
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