flow of goods -Perishable items must have an actual physical flow of FIFO -Physical flow is focused on the actual movement of goods -Cost flow is an assumption about which goods/items are sold. -A business may adopt any cost flow assumption when accounting for perishable items. Determine cost of goods sold for X-mart‚ assuming that beginning inventory was $5‚000. Net purchases were $20‚000 and ending inventory was $9‚000. *Beginning inventory + Net purchases – Ending inventory = Cost of goods sold
Premium Inventory FIFO and LIFO accounting
Comprehensive Project - Raghu Steel Pipes Project Problem Raghu Prasad Yadav‚ 24 years‚ was a resident of Rampur Village in Bihar. He belonged to a middle class family and did his B.Com (Hons.) from Bihar University‚ Patna. He wanted to be a successful businessman but was unable to decide the line of business which would best suit him. One day‚ while talking to his friend‚ he got convinced about starting the business and started a steel pipes and angles business at a backward area of Bihar
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
Literary Organization Chapter 12 of the Book of Revelation falls into four subsections. The first section of the chapter takes place from verses 1 to 4a. The title that best summarizes this section is ‘The Woman and the Dragon’. The first section acts as the introductory portion of the text. It establishes the setting of the beginning of the chapter‚ which takes place in heaven. It introduces the main characters of the text‚ which include the woman‚ the child and the dragon‚ otherwise known as
Premium Book of Revelation New Testament Christian terms
employee $2‚500 Other annual benefits per employee-% of wages 18% Cost of raw materials per can $0.25 Other variable production costs per can $0.05 Costs to purchase cans - per can $0.45 Required rate of return 12% Tax rate 35% Make Purchase Need of 1‚100‚000 cans per year *.25 $275‚000 Variable production costs *.05 $55‚000 Wages $72‚000 Health benefits $7‚500 Other
Premium Cash flow Investment Internal rate of return
Horngren‚ C.T.‚ Datar‚ S.M. and Foster‚ G. (2003) Cost Accounting - A Managerial Emphasis‚ Pearson Education‚ Inc.‚ New Jersey‚ Eleventh Edition CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-1 The five steps in the decision process outlined in Exhibit 11-1 of the text are: 1. 2. 3. 4. 5. Obtain information Make predictions about future costs Choose an alternative Implement the decision Evaluate performance to provide feedback 11-2 Relevant costs are expected future costs that differ
Premium Variable cost Costs Cost
CHAPTER 1INTRODUCTION TO SOFTWARE ENGINEERING What is meant by software engineering. Software engineering ethics A brief introduction to ethical issues that affect software engineering. Case studies An introduction to three examples that are used in later chapters in the book. Software engineering 4 The economies of ALL developed nations are dependent on software. More and more systems are software controlled Software engineering is concerned with theories‚ methods and tools for
Premium Software engineering Engineering
HS130 MIDTERM REVIEW UNITS 1-4 Chapter 11 Blood Chapter 12 The Circulatory System Chapter 12 The Lymphatic System and Immunity Chapter 14 The Respiratory System Daudi K. Langat‚ PhD January 2011 Chapter 11 Blood BLOOD COMPOSITION Blood plasma • Definition—blood minus its cells • Composition—water containing many dissolved substances (e.g.‚ foods‚ salts‚ and hormones) • Amount of blood—varies with size and sex; 4 to 6 L about average;
Premium Blood Hematology Red blood cell
What is the club’s main source of income? A major part of the club’s income is Membership fees. This is a fee paid by members. It is paid annually at R100 for juniors and R250 for adults. The Membership fees is a fixed amount so that along with additional income it covers the clubs expenses. There are usually Membership fees outstanding as well as people who pay in advance. Entrance fees is also a part of the clubs income. This is paid by new members who join the club. This fee is only paid
Premium Money General ledger Payment
ENTREPRENEURSHIP PROJECT PROJECT REPORT AND MARKET SURVEY OF MCDONALD’S Name of the school : SHARJAH INDIAN SCHOOL NAME OF THE STUDENT : DAN K. JOHN CLASS : XII-E CBSE ROLL NO. : ACADEMIC YEAR : 2012-2013 TEACHER IN CHARGE : MR. JAMES THOMAS INDEX SL. NO. | TITLE | SOURCE OF THE PROJECT | PAGE NO. | SIGN OF THE TEACHER | 1 | ACKNOWLEDGEMENT | - | | | 2 | FAST FOOD RESTAURANTAN INTRODUCTION | www.wikipedia
Premium Hamburger Fast food Fast food restaurant
TO ALSO ANSWER THE QUESTIONS! 1. Take a tour of FastTrack Schedule 9’s top features. See how you can use the leading easy-to-use project management software for planning‚ tracking‚ and visualizing project goals on a Mac or PC. For your discussion question‚ explain how three features of the FastTrack Schedule 9’s features will help you manage information systems projects. Be specific in relating the feature to the systems tasks you would want to achieve with it. Respond to at least two of your classmates’
Premium Project management Project Management