EXERCISE 2-14 Journal Entries and T-accounts The Polaris Company uses a job-order costing system. The following data relate to October‚ the first month of the company’s fiscal year. a. Raw materials purchased on account‚ $210‚000. b. Raw materials issued to production‚ $190‚000 ($178‚000 direct materials and $12‚000 indirect materials). c. Direct labor cost incurred‚ $90‚000; indirect labor cost incurred‚ $110‚000. d. Depreciation recorded on factory equipment‚ $40‚000. e. Other manufacturing overhead
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Apple suffered loss of revenue and loss of market share for over thirteen years. Second‚ Apple is losing its customer loyalty and the specificity of its products by installing more and more Microsoft and Intel software onto its products. Third‚ in 2008‚ as more than a quarter of its iPhones fell into “gray market‚” Apple suffered a certain amount of loss of service share revenue. At last‚ more and more smartphones from Apple competitors are entering the market‚ which brings iPhone and iPod a lot
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The 2008 Financial Crisis The United States economy is built on credit and combined with the reality that greed played a large part in the events leading up to the Global Financial Crisis (GFC)‚ the United States experienced one of the its worst financial crisis in its history. Easy credit‚ the housing slump‚ banks holding risky mortgages and tax regulations all played a significant part in causing the GFC of 2008/09. The major cause of the 2008 Financial Crisis is the Subprime Mortgage and Subprime
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of 3 years. If all interest rates are projected to fall 100 basis points by next year‚ by how much will the bank’s profits and loan NIM change in year 2? Does this bank face refinancing risk or reinvestment risk? Explain. Answer: Year 1 profits = (4.75% – 4.25%) * $150 million = $750‚000; NIMyr1 = $750‚000/ $150 million = 0.50% Year 2 profits = (3.75% – 4.25%) * $150 million = -$750‚000 Change in profits = -$1‚500‚000 NIMyr2 = -$1‚500‚000/ $150 million = -0.50%‚ so NIM decreases by
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Date of Submission: December 04‚ 2011 | 20023539 | Eric | Liu Yike | 20023838 | Harry | Zheng Jun | 20023735 | Jacky | Yan Chao | 20023541 | Janice | Luo Zhihang | 20023606 | Elfin | Tang Juanjuan | Sun Hung Kai 2006 Case Questions & Answer Question 1 a) Identify three accounts on the balance sheet of Sun Hung Kai that represent tangible assets? Fixed assets‚ Investment properties‚ Properties for sale. b) What are the differences among these accounts? Fixed assets: Known
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Principles of Accounts School-Based Assessment On Blanna’s Fashion Boutique Submitted by : Anna Kay Blake Registration number: 1000290074 Submitted To: The Donald Quarrie High School School code: 100029 Territory: Jamaica This project is submitted in partial fulfillment of the requirements for certification in Principles of Accounts by the Caribbean Examinations Council
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Oxford Brookes University Research and Analysis Project The business and financial performance of Air China Limited over 2007 to 2009 November 2011 Introduction Until the 1980s civil airline services in China were controlled by the military. However‚ the responsibility was turned over to the Civil Aviation Administration of China (CAAC)‚ the market for passenger services and airline in China has boomed. This boom has been driven by growing
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Merck Consolidated Balance Sheet | | | | | | € million | ------------------------------------------------- Note | ------------------------------------------------- Dec. 31‚ 2012 | ------------------------------------------------- Dec. 31‚ 2011 | ------------------------------------------------- Jan. 1‚ 2011 | 1 | Previous year’s figures have been adjusted‚ see Note [5] | | Current assets | ------------------------------------------------- | -------------------------------------------------
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Example Company Balance Sheet December 31‚ 2011 ASSETS LIABILITIES Current Assets Current Liabilities Cash $ 2‚100 Notes Payable $ 5‚000 Petty Cash 100 Accounts Payable 35‚900 Temporary Investments 10‚000 Wages Payable 8‚500 Accounts Receivable - net 40‚500 Interest Payable 2‚900 Inventory 31‚000 Taxes Payable 6‚100 Supplies 3‚800 Warranty Liability 1‚100 Prepaid Insurance 1‚500 Unearned Revenues 1‚500 Total Current
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Unit 31 1.2 Compare the models used to link individual roles and development with team performance. Belbin (1965) found that individual roles when allowing each individual in the team to perform the tasks that highlighted their strengths allowed a well-balanced team to develop with each individual able to bring their best to the team. This approach will result in less need for management intervention and there is less risk. However‚ the research with this method was carried out in a very rigid‚
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