Chapter 4 accounting for merchandising BUSINESSES Problems P4–1 1. AQUA CO. Income Statement For the Year Ended June 30‚ 20Y8 Revenue from sales: Sales $ 3‚625‚000 Less: Sales returns and allowances $ 37‚800 Sales discounts 20‚200 58‚000 Net sales $ 3‚567‚000 Cost of merchandise sold 2‚175‚000 Gross profit $ 1‚392‚000 Operating expenses: Selling expenses: Sales salaries expense $ 388‚800 Advertising expense 45‚900 Depreciation expense—store equipment 8‚300
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low making P2: government gives all of the right to the people in an economy by making laws and rules that should be performed by the economy in order to have a safer environment The federal government law is divided into 3 branches which are 1. Legislative 2. Judicial 3. Executives The legislative: is a branch of government which makes laws and this laws are then made and kept The executives branch : the executives has member and these members gives all of the important issues and tasks to
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Eye Hospital; they will perform a special test for children in my client group‚ as they can’t talk and read the alphabet. Also‚ they provide a free voucher on glasses (if my client needs them) by the NHS; this is to help them with their eye and education (like seeing the class). Furthermore‚ another example of primary sector is Highfield Dental Clinic (2 Highfield Rd - 2.7 miles); they make my client sit in a chair or make them sit in their parent’s lap to give them support and confidence‚ they
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are all in this class room learning and trying to boost our education for the future while most of our parents are at work paying for this schooling. So if we are here at this age where were we while we were children and our parents were at work. CHILDCARE. Childcare refers to the care and education offered to children aged 0-6 in a long day care environment. I remember about this time last year we were enrolling my cousin‚ Angela aged 3‚ in Playdays. Playdays have 200 children enrolled per week‚
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Equality‚ Diversity and Rights Equality – Treating everyone equally regardless of their age‚ gender‚ ethnicity‚ sexual orientation‚ colour‚ disability etc. There are laws in place to ensure that this happens. An example of this in health and social care is a doctor treating patients differently because of the colour of their skin. Diversity – Understanding‚ recognizing and accepting that everybody is unique and has individual differences‚
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p1 & 2 Unit 14- Assignment 1 ‘Physiological disorders‚ their nature‚ signs and symptoms’ Unit 14- assignment 2 ‘Diagnosis- how it is carried out’ Contents Coronary heart disease (CHD) 2 Signs and symptoms 2 Factors that can affect the development of the disorder 3 How is CHD diagnosed? 3 Treatments 4 Lifestyle changes that could be made 4 What medication can be used? 5 What types of surgery are used to treat CHD? 5 Recovering from CHD 6 Crohn’s disease 7 Signs & symptoms
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(when it is realized or realizable‚ when it is earned) Revenue Recognition at point of sale: (1) Sales with Discounts (2) Sales with Right of Return: Three alternative revenue recognition methods‚ and recognize revenue only if all of six condition (3) Sales with buybacks (4) Bill and Hold Sales: buyer is not yet ready to take delivery but does take title and accept billing. Revenue is reported at the time title passes if (a) the risks of ownership have passed; (b) the buyer makes a fixed commitment
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M4 & P6 In a business‚ there are several different types of budgets that has different department/area the business has to make. For example‚ in a business‚ you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services)‚ the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted
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Abraham Maslow‚ was a human physiologist‚ and studied the needs of each person at a point in their life. He concluded that all needs of humans could be arranged into a hierarchy. He felt that at a different point in time‚ humans would fulfil each level of
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Task 1 Our assignment is to carry out investigations into two companies from two different sectors; these sectors are the private sector and the public/voluntary sector. The private sector are all about making profit rather than providing a service. The public/voluntary sector on the other hand want to concentrate on providing a good and efficient service for their customers such as the NHS‚ they provide a medical service for residents of this country‚ of course this isn’t to make a profit because
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