The Income Statement This indicates financial performance over a period of time. It is usually done at the end of a financial year (30th June)‚ but an income statement can be made up at other times‚ e.g.‚ if a business wishes to apply for a loan‚ the bank may ask for a more recent income statement. The other names for this kind of statement are Revenue Statement and Profit and Loss Statement. Income Statement for Ima Mess‚ year ended 30.6.12 |
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Corporation is one of the best-known software companies in the world. The company is famous for its Windows and Office software. In addition to software products the company manufactures and develops consumer electronics such as tablets and game system. You can find more information about the company in its official website or Wikipedia’s article. SWOT Microsoft SWOT analysis 2013 | Strengths | Weaknesses | 1. Brand loyalty 2. Brand reputation 3. Easy to use software 4. Strong distribution
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P2- Describe the different stakeholders who influence the purpose of two contrasting businesses P3- Describe how each business is organised Key stakeholders in Make A Wish Make a wish get a lot of supports from companies each year to help make wishes come true some of the companies are: Flight centre limited raise enough money to grant 25 magical wishes to come true. Some of the wishes cost thousands of pounds to make come true especially if they want to go aboard.
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With reference to your own research to what extent do you think that acting in a socially responsible way is now essential for businesses? Social responsible allows business to create a positive relationship with the community and also then environment within their operation. Companies that use socially responsible are Marks and Spencer. They have done this by creating an operation call Plan A where they are able to generate £185 million from just reducing costs. Saving this amount of money they
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Advance Financial Accounting (FIN-611) VU LESSON # 1 ACCOUNTING FOR INCOMPLETE RECORDS 1. Introduction This topic is also known as Single Entry System of Accounting. In this chapter we will learn how an accountant prepares financial statements of those organizations which are not keeping up proper double entry book keeping system of accounting. From accounting system stand point‚ business organizations can be classified into three broad categories: 1.1 Small scale business entities These consist
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In “What You Eat is Your Business” by Radley Balko‚ emphasizing that our fight for obesity is going about the wrong way. He insists “Our government ought to be working to foster a sense of responsibility in and ownership of our own health and wellbeing.” In making this comment Balko urges us to begin to take responsibility for our own actions for being obese‚ the government is not to blame but ourselves. To further support this claim Balko begins to use our healthcare system and laws passed as examples
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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Unit 616 Medication Questions 1) What legislation is in place to help you administer medication safely? Give an account of how this affects your work. The Medicines Act 1968 Regulates the supply and manufacture of medicines and defines the three categories of medicine: Prescription only‚ pharmacy medicines and general sales list. This affects my work in that it tells me which types of medicine I can simply pick up over the counter (for example‚ if someone I supported had
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History Income tax levels in India were very high during 1950-1980‚ in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on‚ by "1992-93" maximum tax rates were reduced to 40%. [2][3] [edit]Residential status‚ Scope of taxable income & Charge [edit]Charge to Income-tax Whose income exceeds the maximum amount‚ which is not chargeable to the income tax‚ is an assesse
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Outcome 5 Section 1 Badges of Trade Firstly it is important to determine if Ali is trading as annual profits from trade or non-trade are taxed under different schedules. There is no single test for trade; in determining if trade has occurred there are six badges which must be considered‚ a brief description of each badge and an outline of how it affects Ali’s circumstances is outlined below. Subject Matter If the asset sold might be for personal enjoyment or investment e.g work of art or shares
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