Financial accounting chapter 01 accounting in action

... 1-3 Accounting in Action Accounting in Action Accounting in Action Accounting in Action Ethics in Ethics in financial financial reporting reporting Generally Generally accepted accepted accounting ... of Accounting Accounting The Building The Building Blocks of Blocks of Accounting Accounting The Basic The Basic Accounting Accounting Equation...

Ngày tải lên: 15/12/2013, 20:26

... Sheet 31/03/N+1 Assets Closing balance Openning balance Cash on hand 30.000 6.000 Cash in bank 6.000 30.000 Trade receivables 0 12.000 Paid in advance to supplier 1.000 Goods in transit 4.000 0 Materials ... 559.000 Equities Closing balance Openning balance Short-term borrowings 72.000 80.000 Customers pay in advance 15.000 0 Payables to laborers 0 8.000 Trade payables 8.500 15.000 Bu...

Ngày tải lên: 15/12/2013, 20:26

... money paid in advance, the reminder to be paid by cash on hand. 9. Calculating salary of labourers: selling department 100.000, administrative department: 150.000. Exercise 1 The opening balance ... purchasing price, selling price: 750.000. Customer paid by the money paid in advance, the reminder was paid by cash on hand. 7. Calculating salary of labourers: selling department 200.0...

Ngày tải lên: 15/12/2013, 20:26

... sales $1, 870 $1, 825 $1, 945 $2,343 Gross margin $1, 122 $1, 016 $1, 043 $1, 377 Gross margin 25% 30% 28% 28% Operating costs $ 383 $ 375 $ 379 $ 409 Operating income $ 64 $ 16 8 $ 17 0 $ 10 0 Operating income ... to investments (6, 616 ) (10 ,608) (11 ,048) Net cash invested $(7,272) $ (11 ,19 1) $ (11 ,927) Net change in cash 16 2 1, 084 (15 8) Balance Sheet Years Ended June 30 XXX2...

Ngày tải lên: 05/07/2014, 13:20

... 18,685 22 5, 026 Equity in income of joint ventures 4 ,26 2 1,947 2, 925 Net income $ 28 ,959 $ 20 ,6 32 $ 22 7,951 Note: Per share amounts omitted. SOURCE : Shaw Industries Inc., annual report, January 20 00, ... Shaw Industries Inc. (in thousands). Year Ended Jan. 3 Jan. 2 Jan. 1 1998 1999 20 00 Net sales $3,575,774 $3,5 42, 2 02 $4,107,736 Cost of sales $2, 680,4 72 $2, 6...

Ngày tải lên: 05/07/2014, 13:20

... slope, find a point that the line intersects and then measure the “rise-over-run” using the y-axis intercept and that point. For this calculation my line intersected the June data at point ($ 13, 500, ... percentage in- creases by less than 1% 30 .1% to 30 .5% (see Exhibit 3. 11). As a result your (.%) $ , $, .% $, , 30 1 34 0 000 34 0 000 30 1 1 128 631 x x = = = (with no roundi...

Ngày tải lên: 05/07/2014, 13:20

... Web-based marketing and selling, rather than transaction processes and the hiring and training of people involved in these processes. In addition, the avoidance of investment in this type of infrastruc- ture ... fulfillment, tracking, and customer-information stor- age and mining. All these systems must talk to one another, which means that interfaces must be maintained. This...

Ngày tải lên: 05/07/2014, 13:20

... sold 32, 750 40,938 44,213 41 ,59 3 43,230 50 ,763 253 ,4 85 Gross profit 67, 250 84,063 90,788 85, 408 88,770 104,238 52 0 ,51 5 Operating Expenses Salaries 22,800 28 ,50 0 30,780 28, 956 30,096 35, 340 176,472 Benefits ... 367,300 Income taxes 11,300 14 ,53 8 16,160 14,9 45 15, 858 19,0 25 91,8 25 Net profit after taxes 33,900 43,613 48,480 44,8 35 47 ,57 3 57 ,0 75 2 75, 4 75 Ass...

Ngày tải lên: 05/07/2014, 13:20

... 800000 5 968 9 59821 60 120 60 758 62 240 65 067 768 21 93805 1233 46 85 968 9 859821 860 120 860 758 862 240 865 067 8 768 21 893805 9233 46 11 163 16 11 163 92 1120532 1131051 1149888 1248389 1354700 1532492 1 562 669 327 ... 274300 5 468 71 550419 558031 572022 594331 69 6304 8 060 87 987351 1021000 62 5000 62 5000 62 5000 62 5000 62 5000 62 5000 62 5000 62 5000 62 5000 −...

Ngày tải lên: 05/07/2014, 13:20

... Understanding the Numbers Price Indices “If you only examine Panel A of Exhibit 7. 2,” Jane said, “you will think that net income leaped 62% and that the reason for the dramatic increase lies in the ... family law, and so on, right down to individual lawyers in the firm. And knowing what has happened in the past, they have an excellent tool for beginning to plan for the future. I...

Ngày tải lên: 05/07/2014, 13:20

... (preferably in writing) setting forth their understandings on the many issues which will arise in such an arrangement. Principal among these are the investments each will make in the business, the ... filing an application with the state government and paying the 234 Planning and Forecasting time to cash in on their efforts as founders and promoters. The survival of the busine...

Ngày tải lên: 05/07/2014, 13:20

... fol- lowing. Crugnale opened the first Naked Fish in May 199 9. After testing and refining the concept, he has opened another nine outlets (as of Decem- ber 2000). The establishment of nine Naked ... writing any business plan is getting started. Com- piling the data, shaping it into an articulate story, and producing the finished product can be a daunting task. The best way to attack a...

Ngày tải lên: 05/07/2014, 13:20

... volatile: 48% in good times and 0% in bad times. This is the third EXHIBIT 10. 6 Performance of NoDebt Inc. and SomeDebt Inc. NoDebt Inc. (thousands) SomeDebt Inc. (thousands) Net Earnings Good Times ... factoring in points and origination fees and assuming the mortgage will not be prepaid. RECENT INNOVATIONS IN CAPITAL BUDGETING Recent years have seen the introduction of two...

Ngày tải lên: 05/07/2014, 13:20

... of Chapter 1 Financial Accounting IFRS Second Edition Weygandt Kimmel Kieso 1-2 Chapter 1 Accounting in Action Learning Objectives After studying this chapter, you should be able to: 1. Explain ... business transactions on the accounting equation. Using the Accounting Equation Illustration 1-8 1-22 LO 7 Analyze the effects of business transactions on the accounting equat...

Ngày tải lên: 13/01/2015, 10:56

... Receivable Receivable Notes Notes Receivable Receivable Other Other Receivables Receivables Other Other Receivables Receivables Types of Receivables 8-3 Amounts due from individuals and other companies ... of Accounting for Uncollectible Accounts Direct Write-Off Direct Write-Off Theoretically undesirable:  No matching.  Receivable not stated at cash realizable value.  Not...

Ngày tải lên: 07/06/2015, 02:43