Accounting‚ or accountancy‚ is the measurement‚ processing and communication of financial information about economic entities. Accounting‚ which has been called the "language of business"‚ measures the results of an organization ’s economic activities and conveys this information to a variety of users including investors‚ creditors‚ management‚ and regulators. Practitioners of accounting are known as accountants. Accounting can be divided into several fields including financial accounting‚ management
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fellow members of the Lord Mayor’s Youth Advisory Council. Today I will be discussing what makes Kedron a highly liveable area and the changes that will most certainly make Kedron a more desirable suburb to live in. I will be discussing three points as to what makes Kedron have such a high liveability rating‚ as well as two faults that can definitely be improved which will determine the outcome in Kedron’s area. Due to its high percentage of job accessibility‚ education and access to local health
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CASE I THE RISING EURO HAMMERS AUTO PARTS MANUFACTURERS Udo Pfeiffer‚ the CEO of SMS Elotherm‚ a German manufacturer of machine tools to engineer crankshafts for cars‚ signed a deal in late November 2004‚ to supply the U.S. operations of DaimlerChrysler with $1.5 million worth of machines. The machines would be manufactured in Germany and exported to the United States. When the deal was signed‚ Pfeiffer calculated that at the agreed price‚ the machines would yield a profit of €30‚000
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The key components of ’strategic planning’ include an understanding of the firm’s vision‚ mission‚ values and strategies. (Often a "Vision Statement" and a "Mission Statement" may encapsulate the vision and mission). * Vision: outlines what the organization wants to be‚ or how it wants the world in which it operates to be (an "idealised" view of the world). It is a long-term view and concentrates on the future. It can be emotive [citation needed] and is a source of inspiration. For example‚ a
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The Functional to Matrix Transition Karen R.J. White‚ PMP RECENTLY PARTICIPATED IN A CONSULTING ASSIGNMENT WHICH INVOLVED MOVING A LARGE ITS ORGANIZATION from an old-style functional-department organization structure towards one more friendly to proj- Common Pitfalls ects. The project faced the sorts of challenges that are common when trying to realign organizational structure with the new realities of managing by projects. In addition‚ there were added cultural barriers because the company
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Missions in California The most significant reasons why the missions were so important were: the Spanish wanted to make their presence known within the area‚ and they also wanted to use the missions to convert the Native Americans to Christianity. The missionaries worked very hard to do just that. One of the people who devoted himself to converting and educating the Native Americans was a man named Father Junipero Serra. Father Junipero Serra founded the first mission in San Diego in the year
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The Mission by Roland Joffé is a historical drama focused on the power of ones faith and defying the odds of humanity; these ideas coincide that of the philosopher Rousseau. The main characters consist of a mercenary and a missionary who unite to protect a South American tribe and anchor the film’s main conflict between Spanish Jesuit priests and Portuguese colonialists during the 18th century. Although the film reflected Luther’s and Machiavelli’s ideas as well‚ Rousseau’s beliefs are the most clearly
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and use the proceeds to repurchase shares. The firm operates in the Modigliani-Miller world with no taxes. a) What are Northrop’s firm value‚ cost of equity‚ and WACC before the recapitalization? b) What are Northrop’s firm value‚ equity value‚ debt value‚ cost of equity‚ and WACC after the recapitalization? Compare you results to those in a) and interpret the differences. c) What happens with Northrop’s equity values and share price at the time of the announcement but before the recapitalization
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industry. What do you think is the state of the industry in the United States? How should you incorporate the state of the textile industry into your analysis? Why should anyone invest money in the industry? 2. How has Aurora Textile performed over the past four years? Be prepared to provide financial ratios that present a clear picture of Aurora’s financial condition. 3. What are the relevant cash flows for the Zinser investment? Using a 10% WACC and assuming a 36% tax rate‚ what do you get
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GROSS PROFIT MARGIN. ______________________________________ c) What is Payton’s income from operations and net income? 1)Income from Operations = 360‚000 - 230‚000 = $130‚000. 2)Net Income = 130‚000 - 11‚000 = $119‚000 ______________________________________ d) If Payton prepared a single-step income statement‚ what amount would it report for net income? NET INCOME = $119‚000. _____________________________________ e) In what section of its classified balance sheet should Payton report
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