included in the assessable income of Nick. b) As per the principles of Ordinary Income compensation for loss of income is also an income therefore‚ it will form part of assessable income. Nick must include $50000 as his assessable income for the year. c) The amount has been received by Nick towards operation and rehabilitation expenses and therefore‚ they are not included under income from ordinary concepts. The receipt of $8000 will not be included in the assessable income of Nick.
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to disclose accounting policy in their financial reports. These policies provide relevant information to decision makers on choices taken by executives. Financial statements are the final product of accounting process. Income statement provides data for investment and other decisions. The net income is essentially the common income statement form‚ consisting of classifications such as income from continuing operations‚ discontinued operations‚ extraordinary items‚ and cumulative effects of changes
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PHAEDRUS: 1. Who (or what) is love‚ according to Phaedrus? 2. According to Phaedrus why is love so beneficial? 3. Why is an army of lovers such a good idea? 4. Why does Phaedrus use Alcestis as an example of a lover? 5. Why is Orpheus considered a bad example of a lover? 6. What criticism of Aeschylus does Phaedrus make? 7. According to Phaedrus‚ why did the gods honor Achilles more highly than Alcestis? 8. What can we learn from this speech?
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40‚500 54‚000 36‚000 36‚000 Total needs 75‚500 99‚000 96‚000 176‚000 Less beginning inventory 31‚500 40‚500 54‚000 31‚500 Required unit purchases 44‚000 58‚500 42‚000 144‚500 Unit cost × $5 × $5 × $5 × $5 Required dollar purchases $220‚000 $292‚500 $210‚000 $ 722‚500 *90% of the next month’s sales in units. d. Budgeted cash disbursements for merchandise purchases:
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FAFNA – Profit-Cost-Volume Problem SHOW YOUR WORK FOR CALCULATION PROBLEMS Based on the following information‚ complete the problems listed below on the Airwolf Helicopters Company. [In $ Dollars 000] Sales……………$75‚000 Gross Margin…60% Op. Expenses..$12‚000 # Units shipped…15 Operating Profit? Gross Profit (GP)= Gross Margin x Sales = 75‚000 x 0.60 =45‚000 Operating Profit (OP)= GP-Operating Exp (OE) OP= 45‚000-12‚000 OP= 33‚000 The remaining questions are based on the following
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As an elementary classroom teacher‚ there are several core components to my approach for classroom management: relationships building‚ learning‚ development‚ organization and accommodating diversity. In this statement‚ I will describe how I will create and maintain an environment that fosters student learning. Establishing relationships with students is the foundation of my classroom management plan. My philosophy related to related to relationship building is multifaceted and considers: communication
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(spending $1) Goods sold Goods bought b = Stuart earns $4.50 per hour working at a fast-food restaurant. Factors of Production (labor) -------Markets for Factors of Production -------Stuart (labor) (Fast-food restaurant wage $4.50) Income ($4.50) c = Shanna spends $30 to get a haircut. Haircut salon (revenue $30) ---Markets for Goods and Services-----Shanna (spending $30) Goods sold (a haircut) goods bought (got a haircut) d = Salma earns $10‚000 from
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Strategic Management Process � PAGE * Arabic �2� Running Head-PRIMARY COMPONENTS STRATEGIC MANAGEMENT PROCESS The Importance of Strategic Planning Jaime Enriquez MGT 498 January 17‚ 2011 Eligah King To obtain the most success out of any assignment‚ whether it is personal or business related‚ everything all begins with a plan at the highest level. It is often wondered why businesses are so successful‚ is it good leadership‚ or great planning. There will be a brief discussion on the four primary
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government. The article “Does bribery help or hurt firm growth around the world?” by Jessie Qi Zhou & Mike W. Peng provides a good review and examination of how bribery plays a role in the growing process of a firm and what implications or consequences it can bring. The article brings two important points of view; the first one is focus on what levels the firms have to use bribery in order to obtain benefits (which depends in what country the firm is located)‚ the second point is in what degree bribery will
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Objective 1 Identify and give examples of each of the three basic manufacturing cost categories. 1-1 Classifications of Manufacturing Costs Direct Materials Direct Labor Manufacturing Overhead The Product 1-2 1-2 Direct Materials Raw materials that become an integral part of the product and that can be conveniently traced directly to it. Example: A radio installed in an automobile 1-3 Direct Labor Those labor costs that can be easily traced to individual units of product. Example: Wages paid
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