CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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1. Identify suitable business data‚ data elements‚ data types‚ and resources‚ based on the following interview between a database analyst and a lecturer from Sutherland University: Business Data Data Elements Data Types Resources Course Course code Course name Course start date Course end date Integer Character Date Date Admin Classes Class name Start date End date Time Location Class capacity Integer Date Date Date time Integer Variable Admin Students Student ID
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Issues and Challenges in Development of India India as a Nation faces most of the issues this modern world has faced. It has the issues of the developed nations like the USA and other European countries and at the same time problems faced by the developing and underdeveloped countries in Africa and Asian continent. At the same time with a diverse population in diverse geographical setting with large number of social and religious issues‚ India faces issues of its own with unique kind of attention
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Destin Brass Products Problem: - The Company is producing 3 major products – Valve‚ Pump and Flow Controller. The Company is concerned about the price cutting of Pumps going on in the market every month. It is also surprised to see no change in sales of Flow Controller despite 12 ½% increases in prices. Current Scenario: - Currently it is using traditional accounting system‚ Unit of product is charged for material cost‚ labor cost (standard time for labor times the labor pay rate $16 per hour)
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After having received an email from Shannon McDonald (regarding the need to receive a statement of his perspective on recent performance and ideas)‚ Thomas Green is left with several options to choose from to solve the issue at hand. Before discussing these options it is important to describe his first step in taking any one of these decisions. Green must first email McDonald to find out the best time they could meet. For any decision Green decides upon at this point‚ it is important that he communicate
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6.0 Recommendations Acid Test Ratio The acid test ratio shows that Muhibbah have less liquidity which indicates that they holding low amount of cash but high level of inventories .They may have difficulty paying its current liabilities on time. Business is relying on turnover of stock to meet obligations. Here‚ we recommend that Muhibbah should consider level of their accounts payable or paying off their liabilities and ensure the cash flow of the business is optimal meaning that the company must
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INDIAN (3 recommended restaurants) Restaurant Name: Kebab Bistro offer Cost: 35 AED What to order: - Bistro Parsi Dishes (Dhansaak. Sali boti. Papeta ma ghosh. Curry chaawal. Pulav dal. Khichri kheemo. Vindaloo. bhaji daana ma ghosh. khichri patio. Dhan dal patio) - Bistro eggs plore (Sali par edu. Tamota par edu. Kheema par edu. Egg chutney pattice. Resa par edu) - Bistro parsi starters (Patra ni macci. Mutton pattice. Mutton cutlet. Chicken cutle. Chicken farcha) - Bistro parsi pareji - vegetarian
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Case 26 Lease Analysis Prudent Solutions‚ Inc. Assistants to Tony Davis Executive Summary: The Data Acquisition System (DAS) is initially estimated to cost $41.25 million if purchased outright. This purchase can be done using currently invested short-term marketable securities. Leasing is also an option with payments estimated at $12.75 million per year. After analyzing each scenario using the discounted cash flow method‚ the best option is to lease the equipment rather
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ACCTNG 3402 – Financial Accounting and Reporting II Assignment due February 13‚ 2013 Spring‚ 2013 Depreciation: Airplanes and Garbage Trucks Your answers to the questions below should be clear‚ well-written‚ free of grammar and spelling errors‚ double-spaced with margins of at least one inch on all sides‚ and word-processed. In preparing this assignment‚ you may discuss the issues with each other or with anyone else‚ but your written answers must be your own work. If you need to quote someone
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On Super bowl Sunday‚ Ram Trucks released a commercial featuring one of Martin Luther King Jr.’s‚ most well-known sermons “The Drum Major Instinct”. This one-minute advertisement has begun to cause an uproar in our nation. Many are upset with how Ram interprets Dr. Martin Luther King Jr. words throughout the commercial; however‚ I strongly disagree. This advertisement was based on us as a nation‚ and our desire to not only dream but more importantly to serve. In the commercial Martin Luther King
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