any other supermarket. Throughout the Stakeholders Report‚ phrases like “our emphasis on the highest quality perishable items” and “we adhere to the highest quality standards” reinforce that concept of product leadership. Perishable product sales account for about 67% of total retail sales. Customers choose Whole Foods Market primarily because they are able to buy better natural and organic foods and higher-quality perishable products than in conventional supermarkets. Further evidence of the product
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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StilSim to the competitor‚ StaffAces‚ are receivables turnover ratio and days in receivables ratio. Receivables Turnover Ratio and Days in Receivables Ratio. The receivable turnover ratio is used to determine how quickly StilSim collects on a sale. The receivable turnover ratio is determined by diving sales by account receivables. StilSim’s receivable turnover ratio in 2016 was 3.0. This means StilSim collected on sales 3 times a year. StaffAces receivable turnover ratio in 2015 8.4 (Franklin University
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CHAPTER 4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit or loss in their business at the end of the year. Every businessman wishes to ascertain the financial position of his business firm as a whole during the particular period. In order to achieve the objectives for the firm‚ it is essential to prepare final accounts which include Manufacturing and
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Auditing procedures: Five assertions: 1. Occurrence: Define: transactions and events that have been recorded have occurred and pertain to the entity. Explain: sales and purchases shown in the income statement belong to the company and are real‚ that is they actually took place. 2. Completeness: Define: all transactions and events that should have been recorded have been recorded. Explain: all the individual transactions making up the balances in the income statement are recorded; no sales
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(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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SWOT analysis of Microsoft This is a Microsoft Corporation SWOT analysis for 2013. For more information on how to do SWOT analysis please refer to our article. Company background Name | Microsoft Corporation | Industries served | Computer software‚ Electronics | Geographic areas served | Worldwide | Headquarters | U.S. | Current CEO | Steve Ballmer | Revenue | $ 73.72 billion (2012) | Profit | $ 16.97 billion (2012) | Employees | 94‚000 (2012) | Main Competitors | Apple Inc
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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 AN ISO 9001 : 2000 CERTIFIED INTERNATIONAL B-SCHOOL SUBJECT: ACCOUNTING Total Marks: 80 N.B. : 1) All questions are compulsory Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to
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RULES OF PROCEDURE The formal session will be declared by the Chair. ROLL CALL 1. Present- When delegate answers in a present‚ he can say Yes‚ No or abstain during voting for a resolution. 2. Present and voting- When the delegate answers the roll call in a present and voting‚ he has to vote decisively on a resolution and has the option of only saying a Yes or a No to the resolution during the voting. He cannot Abstain. QUORUM This is the minimum number of members required for the committee proceedings
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1991 - 1999 : Raising the Profile of MAICSA e-mail print With these epochal and momentous events behind it‚ MAICSA entered the decade of the nineties stronger and surer of itself. A series of memorable events marked the chairmanship of Mardzuki Abdullah who served for two years from 1990 to 1991. The year 1991 witnessed the first convocation ceremony for ICSA graduates held on 27 July. It was officiated by Datuk Dr Fong Chan Onn‚ the Deputy Minister of Education. It was a historic and personally
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