Assignment - A Question 1(a) What do you understand by the concept of conservatism ? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past? Question 1(b) What is a Balance Sheet? How does a Funds Flow Statement differ from a Balance Sheet? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement. Question 2(a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances
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Wild Water Sports Ch 10A Balance Sheet Budget vs. Actual As of April 30‚ 2016 Apr 30‚ 16 ASSETS Current Assets Checking/Savings Bank of Florida Short-Term Investments $ Over Budget % of Budget 76‚237.45 19‚600.00 60‚000.00 30‚000.00 16‚237.45 -10‚400.00 127.1% 65.3% Total Checking/Savings 95‚837.45 90‚000.00 5‚837.45 106.5% Accounts Receivable Accounts Receivable 492‚017.50 500‚000.00 -7‚982.50 98.4% Total Accounts Receivable 492‚017.50 500‚000.00 -7‚982.50 98.4% Other Current
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Retained earnings‚ June 1 $ 0 Add: Net Income $3300 Less: Dividends $2000 Retained earnings‚ June 30 $1300 ____________________________________________________________________________ Eckersley Service Company Balance Sheet June 30‚ 2011 Assets Cash $4600 Accounts Receivable $4000 Supplies $2400 Equipment $29000 Total Assets $40000 Liabilities and
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Balance Sheet and Income Statement Commentary Belinda Greer BSA/500 March 24‚ 2012 Murali Ramachandran Balance Sheet and Income Statement Commentary Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income‚ expenses‚ and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look
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has a very detailed and organized balance sheet and income statement in which all of the company ’s information is listed in the proper order. The balance sheet can be viewed annually or quarterly and all amounts are in US dollars by millions except for per share amounts. The balance sheet first begins to lists the company ’s assets. The assets section is broken down by current assets‚ cash‚ net receivables‚ inventories‚ and other current assets. The balance sheet then lists in order the total current
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Should Unhealthy Food Be Taxed? There is an epidemic seizing its grip on America. One in three Americans are currently dealing with the effects from this outbreak that has grown in numbers three-fold in the last 50 years. This is not your traditional disease that that may be in the air or water‚ rather primarily caused by something consumed. That epidemic is junk food. The Center of Disease Control predicts that nearly half of Americans will be obese by the year 2030. With obesity expected to keep
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To put it simply‚ in financial terms‚ to maximize shareholders wealth means to maximize purchasing power. Throughout the years‚ we have learned that markets are most efficient when the company is able to maximize at the current share price. Every company’s main goal should be to strive to maximize its value to every single one of their shareholders. Common stock represents the value of the market price‚ and it also gives the shareholder an idea of the different investment‚ financing‚ and dividend
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their managements perform differently. And last‚ one other reason is that some industries are more susceptible to macroeconomic conditions than others. This can be true when macroeconomic conditions (e.g.‚ foreign exchange rates‚ interest rates‚ and taxes) are weak and deteriorating as well as when they are strong and improving. Or this can also be true when such conditions
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have pumped in huge amount of money to save the so called “too big to fail” banks. Banks helps in the payment services through various kinds of deposits‚ debit cards and credit cards ANALYSIS OF COMMERCIAL BANK BALANCE SHEET For my assignment I have picked up Lloyds TSB as my bank. Lloyds TSB is one of the four biggest bank in the UK. I have taken 2007 annual report as the group has published only the 2008 interim report. The second item which we see in Lloyds TSB balance sheet is loan and advances
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Amrita Pritam born as Amrita Kaur (31 August 1919 – 31 October 2005) was a Punjabi writer and poet‚ considered the first prominent woman Punjabi poet‚ novelist‚ and essayist‚ and the leading 20th-century poet of the Punjabi language‚ who is equally loved on both the sides of the India-Pakistan border‚ with a career spanning over six decades‚ she produced over 100 books‚ of poetry‚ fiction‚ biographies‚ essays‚ a collection of Punjabi folk songs and an autobiography that were translated into several
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