amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N
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with excess production capacity. Fortunately‚ the corporation has a new product ready to begin production‚ and all three plants have this capability‚ so some of the excess capacity can be used in this way. This product can be made in three sizes--large‚ medium‚ and small--that yield a net unit profit of $420‚ $360‚ and $300‚ respectively. Plants 1‚ 2‚ and 3 have the excess capacity to produce 750‚ 900‚ and 450 units per day of this product‚ respectively‚ regardless of the size or combination of
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Depreciation Expense |Accumulated Depreciation | |Year 1 |$30‚000 |$30‚000 | |Year 2 | 30‚000 | 60‚000 | |Year 3 | 30‚000 | 90‚000 | Double Declining | |Annual Depreciation Expense
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Comparing Not-For- Profit and For Profit Colleges Colleges and university have slowly become one of the stepping stones into the working world today. People go to colleges for higher education with the intention of earning degrees in which they can use in their respective fields. Some example degrees that people pursue are Medical‚ Law‚ Business‚ Accounting‚ and Science Degrees. Through the years the idea of college was that it was optional and it was a door for better life and job. However in
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Operational Plan Organization structure The organization structure plan is to define departmental activities and responsibilities. This structure can brings order to hotel operation and ensure the hotel can run efficiently and effectively. Moreover‚ as our hotel is a small hotel with rooms less than 500 rooms and we only provide limited services‚ we will adopt the departmental structures of a limited-services hotel. In our hotel organizational structure‚ we have five departments including
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Zachary Horton Introduction to Philosophy Brianne Donaldson May 1‚ 2013 Voices From The Margins Bell Hooks‚ American author‚ feminist‚ and social activist said‚ “ …[the margin] is also the site of radical possibility‚ a space of resistance…a site one stays in‚ clings to even‚ because it nourishes one’s capacity to resist. It offers to one the possibility of radical perspective from which to see and create‚ to imagine alternatives‚ new worlds.” This philosophical view often presents questions
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Altamirano 1 Victor J. Altamirano Professor Powers Business and its Publics 25 February 2012 Subsidizing Profits In contemporary United States policy‚ the conception of free market principles result in negative externalities for the public as well as market inefficiencies. To address these issues‚ the government has developed methods to sway commercial enterprise and its services through taxes and subsidies. Taxes are used to discourage certain transactions and production operations
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Operational Efficiency & Operational Optimization Sa – Situation Anlysis Pa – Problem Analysis Da – Decission Analysis Pa – Probabilty Analysis 1) Suppose that a peak harvest-season day involves 18‚000 barrels of berries‚ 70% of them wet harvested‚ arriving uniformly over a twelve-hour period from 7 a.m. to 7 p.m.‚ and process initiates as soon as the first truck arrives. a) At what time during the day‚ would the trucks start queuing up to upload? Answer:
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Operations Research Group assignment 2014/2015 Remarks: 1. Students are allowed to do the coursework in groups of up to five elements; 2. Students must use the Microsoft Excel Solver and not any other software; 3. Each group should hand up to its teacher a preliminary report till October‚ 24th. This preliminary report should contain the answer for questions Q1a) and Q2a) and it will be marked; 4. The answers for questions Q1 b)‚ Q1c)‚ Q2b)‚ and Q2c) must be based on the problem formulations
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A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
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