gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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Renee Matos‚ MD. is a pediatric well care physician employed at Brooke Army Medical Center in San Antonio. Her title is the assistant dean in graduate medical education and quality improvement and patient safety. She works in education and research and has focused on cardiovascular arrest research in the past. Matos is also a member of the American Board of Pediatrics. As someone who is work oriented‚ she invests 60-80 hours into her job in an average week‚ both at home and the workplace. In order
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Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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need. As a result‚ Bristol-Myers Squibb is now well positioned to begin growing sales and earnings‚ and to build shareholder value. FINANCIAL PERFORMANCE In 2006‚ the company’s net earnings from continuing operations on a GAAP (Generally Accepted Accounting Principles) basis were $1.6 billion‚ or $0.81 per diluted share‚ from net sales from continuing operations of $17.9 billion. This compares to earnings of $3.0 billion‚ or $1.52 per diluted share‚ on sales of $19.2 billion in 2005. On a non-GAAP
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BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
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Understand how to account for stock-based compensation and how the activity is presented in the financial statements. • Read and understand footnotes to the financial statements concerning stock-based compensation. • Explain the financial statement tax effects of stock-based compensation. Refer to the 2007 financial statements of Xilinx‚ Inc.‚ and Note 3‚ Stock-Based Compensation. Note: following Xilinx’s convention‚ the case refers to the year ended March 31‚ 2007‚ as “fiscal 2007” and to the year ended
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Ethics and Legal Responsibility in Accounting The profession of accounting has become spotlighted by the events in recent years including namely Enron. The ethical behavior of businesses is becoming increasingly scrutinized at every turn. Thus it is important to specify the nature of conducting accurate and ethically in accounting and how this can be of subsequent benefit to the company as well as the business world in the long run. The definition of accounting according to Webster ’s dictionary
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Chapter I I. Introduction: In today’s modern times‚ computer technology has become a vital part of our life. It helps us to have an easier life. In this competing world‚ the students should have to learn a lot when it comes to education. Everything cannot be taught by a teacher or in school. To face big challenges in life‚ students take up extra learning which can be done through computers. These computers can be used for their personal or recreational activities like listening to music‚
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