A01 Profit and loss account: A profit and loss account calculates the amount of gross and net profit that a business takes on an annual basis; it also outlines the loss which has occurred through the business‚ through necessary overheads. There are many aspects included within a profit and loss account‚ all of which I am going to briefly explain. It is important to have a profit and loss account within a business to enforce correct usage of the money. The company will be able to see where the business
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World (24.0 points) 1. Choose a good that you are familiar with‚ such as a t-shirt‚ a tennis racket‚ a cupcake‚ a pair of sunglasses‚ or any other good. Be sure to choose something specific. Then‚ analyze its economic utility‚ using the questions below. a. Describe the good you chose to analyze. (1 sentence. 0.5 points) b. Describe the form utility of this good. Is the form utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points)
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Reorder Point As a result to today’s uncertain economy‚ companies are searching for alternative ways to stay competitive. One wrong move of a company in doing their forecasting and inefficient inventory control‚ can lead to multiple product stock outs and back orders. This issue has caused sales loss as well as profit loss‚ which companies cannot afford to lose if they want to stay competitive. To resolve this issue‚ the companies are using inventory control model which is the ROP also known as
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Q. How Will You treat ‘ packing expenses on sales’ in final accounts? Ans. It is an indirect expense‚ therefore‚ it should be shown in the Profit & Loss Account. Adjustments at a Glance Sl No. Adjustments Adjustment Entries Treatment in Final Accounts 1. Closing Stock Closing Stock A/c Dr. To Trading A/c a. Credit side of Trading A/c. b. Show on the assets side of B/S 2. Outstanding or unpaid expenses Expenses A/c Dr. To Outstanding exp. a. Add to the
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|Less Operating expenses | | |=Net Income | • New Accounts on the Income Statement o SALES – revenues collected from the sale of merchandise o COST OF MERCHANDISE SOLD – the purchase price plus incidentals of merchandise available for resale o GROSS PROFIT – Sales
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molecule for each of the following. (3 points) 1. COOH -OH 2. COH -OH 3. COH -OH 1. List whether each of the following substances was positive or negative for reducing sugar‚ as indicated by the Benedict’s test. (6 points) 1. corn syrup (1 point) positive 2. table sugar (1 point) positive 3. unknown 1 (1 point) negative 4. unknown 2 (1 point) negative 5. unknown 3 (1 point) positive 6. unknown 4 (1 point) positive 1. List whether each of
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What was the Kanthal president‚ Ridderstrale‚ attempting to accomplish with the Account Management System? Are these sensible goals? Why or why not? The motivation for Carl-Erik Ridderstrale‚ president of Kanthal‚ to develop an Account Management System was to find a process of determining the profitability of individual customer orders. An accurate account measurement system was needed in order to achieve a strategy for increasing growth and profitability without adding a significant amount of sales
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following. (3 points) a.COOH temp b.COH temp c.COH temp 2.List whether each of the following substances was positive or negative for reducing sugar‚ as indicated by the Benedict’s test. (6 points) a.corn syrup (1 point) b.table sugar (1 point) c.unknown 1 (1 point) d.unknown 2 (1 point) e.unknown 3 (1 point) f.unknown 4 (1 point) 3.List whether each of the following substances was positive or negative for starch‚ as indicated by using iodine. (7 points) a.onion juice (1 point) b.water
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ENG4U101 July 20th 2012 Point‚ Set & Match What defines what a true tragedy is? A tragedy is often referred as a situation in life where someone has suffered severe misfortune and even death. “Match Point” directed by Woody Allen‚ stars Chris Wilton‚ Nola Rice and Chloe Hewett. A.C Bradley‚ one of the renowned literacy authorities on Shakespearean tragedies made a list of points that defines what a Shakespearean tragedy truly is. With that being said‚ if “Match Point” was to share similar concepts
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2. Current State of Technology 1-5 3. Objectives of the study 1-7 3. General Objective 1-7 4. Specific Objectives 1-8 5. Scope and Limitations 1-9 2. Theoretical Framework 2-1 1. Introduction 2-1 2. Transaction Processing System 2-1 3. IT Theories 2-2 1. Inventory Management 2-2 2. Point of Sales 2-2 3. Microsoft Visual Basic
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