Case 3-6 Accounting Standards A. Given the income statement effects of LIFO versus FIFO‚ how will the balance sheet inventory amounts differ between General Motors and Ford versus Honda and Daimler-Benz? In other words‚ will inventory be reported amounts representing recent costs or older historical costs? In your opinion‚ which balance sheet amounts would be more useful to financial statement users in making decisions to buy or sell shares of a company’s stock? Inventory is an asset that
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Case study 5: Aggression As the athletic director at a large school‚ the issue of sexual actions is very important for the safety and protect for everyone on campus. The action of athletic director is to set up a policies on sexual assaults with the goal to limited chances. For starters‚ i would put a committee together to help find studies about involvement of athletes and sexual assault incident. The purpose is to find the reason or cause of incident to occur. Then‚ i would have survey
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is presented. The Economy of Singapore is a highly developed and successful capitalist mixed economy. Unlike it’s close Asian neighbors Singapore is perceived as developed country and has one of the highest standards of living in the world. According to country profile presented on International Monetary Fund‚ the countries economy success is highly due to it’s proper policy toward external trade. Thus‚ this country has been perceived as subject of interest for us to analyse in the given report devoted
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ISLLC Standards Final Paper Grand Canyon University Education Administration Foundation and Framework EDA 534 2014 Standard: 2 An education leader promotes the success of every student by advocating‚ nurturing‚ and sustaining a school culture and instructional program conducive to student learning and staff professional growth. Knowledge Skills Enduring Understandings Essential Questions Administrators will know… Administrators will be able to … Administrators will understand
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General English standard of students Question 1: How bad is the situation? 1. HKEAA recently completed the first administration of the TSA of Primary 3 students to assess their performance against professionally defined competences in Chinese‚ English and Mathematics. Surprisingly‚ there are 25% of students who fail in English. 2. In the 2009 HKCEE and HKALE English examinations‚ there are some unacceptable mistakes such as some students spelled banana wrongly to ‘’banna’’ and ‘’bananna’’
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was‚ “Will this person be beneficial to my social and/or financial status?” This is the one of the most significant differences between dating and marriage in the 1800s‚ and dating and marriage in our contemporary world. People today and in the 1800’s take into account the qualities that are incorporated in a person that make them fit for marriage. Financial stability is an essential element that determines whether that person is worthy to be one’s partner‚ or not. However‚ that is not the main aspect
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1. The liquidity of Plastichem and DCM Molding is determined through the current ratio and quick ratio. The current ratio for both companies has been falling‚ but DCM Molding current ratio is higher. In 2001‚ DCM Molding quick ratio is higher than Plastichem. This shows that DCM Molding short term liquidity situation is better. Both companies current ratio is above 1‚ which shows more current assets as compared to current liabilities‚ the ratio is falling and the liquidity is decreasing‚ but DCM
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M&S (A) Marks & Spencer (known as M&S) is a famous British retail chain selling clothes‚ food‚ household goods and furniture from over 450 shops in the UK and some 200 managed under franchise in 30 territories mostly in Europe‚ the Middle East‚ Asia and the Far East as well as wholly-owned stores in the Republic of Ireland and Hong Kong. In 2007 it had a turnover of over £7 billion and employed over 70‚000 people. M&S’s origins come from a chain of ‘penny bazaars’ (market stalls selling everything
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Explain why an individual investor might want to invest in an international growth fund? 2. Describe the risk associated with making an investment in an international growth fund. Identify the risks that would be common to domestic an international funds‚ and those risk that would be unique to an international fund. 3. Discuss how the fact that foreign companies are not subject to the same accounting‚ auditing‚ and financial reporting standards and practices as U.S. companies poses a risk not typically
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Shaving 5% off the estimated direct labor hours in the base for the predetermined overhead rate will falsely produce a high overhead rate‚ which will result in over applied overhead. Thus‚ inflating the cost of goods sold until year end‚ and overstating the inventories. The over applied overhead will be recognized at year end by closing it to cost of goods sold. The adjustment for the over applied overhead will result in a big boost in net operating income at year end.
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