replied‚ "A partial answer to that question is to look at an income statement for June. I think I can find the data I need to prepare one for you." In addition to the data given in the case‚ her friend found a record of cash reciepts and disbursements‚ which is summarized in Exhibit 1. She also learned that all accounts payable were to vendors for purchase of merchandise inventory and that cost of sale was $39345 in June. 1. Prepare an income statement for June in proper format. Explain the derivation
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TERM PAPER “Music is generally perceived as the most universal of all art forms.” The literal meaning of the word ’music’ according to any dictionary is: ’art of combining vocal or instrumental sounds in a harmonious or expressive way.’ But music has a meaning which is far broader than this. Music is life. Music means Self-expansion and oneness. It is an art by itself. Art‚ in any of its forms‚ is generated by a person‚ or a group of talented yet usually ordinary people‚ that express‚ willingly
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Legal forms of Business The process of starting a business can be a challenging one. From choosing a business name‚ identifying the product to sell and where all require thoughtful decisions. All these decisions also need legal and practical considerations. To understand more about the different forms of business‚ it is important to consider the right structure for the business (Legal Forms‚ 2006). Sole Proprietorship A sole proprietorship simply means a business with one owner. With many forms
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If a company earns net income of $25 million in Year 8‚ has 10 million shares of stock‚ pays a dividend of $1.00 per share‚ and has annual interest costs of $10 million‚ then | | |[pic]|[pic]|the company would have Year 8 earnings per share of $1.50. | | |[pic]| | |[pic]|[pic]|the company’s retained earnings for
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be illegal because one is committing an inhumane act by killing an innocent child inside the mother’s womb. The reasons included are abortion is a form of murder‚ causes many psychological issues‚ other means of contraceptives are available‚ legal view against abortion‚ is very costly‚ and abortion can cause medical complications. “Abortion is a form of murder and demeans the value of human life. When a mother is carrying a child‚ she does not say “oh‚ the fetus kicked” or “oh‚ the mass of cells
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suggest risk of material misstatement? Percent of change in sales for 2011 are up from last year but still less than industry average. Inventory’s percent of change has increased to 19.6% from 2011 to 2010. This is 8.2% above the industry’s average‚ which might lead to obsolesce of inventory. Gross profit margin and net profit margin has increased but gross profit margin is above industry average and net profit margin is below industry average. We noticed a couple one-sided entries on the books for
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2. Accounting functions This chapter will discuss the organization of Dell in general and provide insights about the Dell business. Will discuss the different stakeholders who are interested in Dell Company and what the key resources of Dell are. Will see the role of accounting within the organization and the accounting software‚ if any‚ they use. 2.1. About Dell Michael dell is the founder for Dell Company. Michael‚ with twenty seven years old‚ was the youngest CEO of a fortune 500company in
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DIFFERENT FORMS OF ORGANISATION SOLE TRADING CONCERN ▪ Meaning ▪ Features ▪ Advantages ▪ Disadvantages ▪ Suitability PARTNERSHIP FIRM ▪ Meaning ▪ Features ▪ Merits ▪ Demerits ▪ Kind of partnership firm ▪ Types of partners ▪ Partnership Deed JOINT HINDU FAMILY BUSINESS ▪ Meaning ▪ Features ▪ Advantages ▪ Disadvantages JOINT STOCK COMPANY ▪ Meaning ▪ Features ▪ Advantages ▪ Disadvantages ▪ Management ▪ Forms of companies
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10th International Conference on Fast Sea Transportation FAST 2009‚ Athens‚ Greece‚ October 2009 MOTOR YACHT HULL FORM DESIGN FOR THE DISPLACEMENT TO SEMI-DISPLACEMENT SPEED RANGE Perry van Oossanen1‚ Justus Heimann2‚ Juryk Henrichs3‚ Karsten Hochkirch4 1 Naval Architect‚ Van Oossanen & Associates bv‚ Costerweg 1F‚ 6702AA‚ Wageningen‚ the Netherlands 2 Head of Hydrodynamics‚ FutureShip GmbH‚ Benzstr. 2‚ D-14482 Potsdam‚ Germany 3 Hydrodynamicist‚ Van Oossanen & Associates bv‚ Costerweg
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Radio: A Form of Communication Physics Idoh Gersten Mr. Zambizi Physics March 12‚ 1995 Radio is a form of communication in which intelligence is transmitted without wires from one point to another by means of electromagnetic waves. Early forms of communication over great distances were the telephone and the telegraph. They required wires between the sender and receiver. Radio‚ on the other hand‚ requires no such physical connection. It relies on the radiation
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