partner contributes office equipment that had cost $20‚000 and on which accumulated depreciation of $ 12500 had been recorded . If the partners agree on a valuation of $ 9000 for the equipment ‚ what amount should be debited to the office equipment account? a/ 7500 c/ 12500 b/ 9000 d/ 20000 2/ Chip and Dale agree to form a partnership. Chip is to contribute $50000 in assets and to devote one half time to the partnership. Dale is to
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Comprehensive Story No one can stop a person with an entrepreneurial mind from starting a business. Here I have presented a comprehensive story of a person living in Ahmedabad‚ his name was Jethalal Gada. Since quite young age he was inspired by visionaries such as Dhirubhai Ambani‚ Lakshmi Mittal‚ Narayan Murthy‚ e.t.c. He had decided his path since10th std. & followed it throughout. He first chose commerce stream‚ then took entrepreneurship‚ got good grades in 12th std. & did his MBA
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The cacophony of differently pitched screams‚ screeches and yelps are piercing through my eardrums‚ like the Tower of Babel. However not all of what I can hear is beastly. The cheeky giggles of children and the low-pitched laughter of the teachers bring a massive smile to my kindle face. I’m deafened by the stall-owners and barkers and their cry for customers‚ “Win the game and get yourself into the lucky draw!” One would belch out‚ or “go on have a go-shoot the cans!” another stall owner will scream
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Chapter 16 business notes Financial Management and Securities Markets Managing current assets and liabilities Working capital management- the managing of short term assets and liabilities Managing Current Assets The chief goal of financial managers who focus on current assets and liabilities is to maximize the return to the business by 1) Managing cash Transaction balances- cash kept on hand by a firm to pay normal daily expenses‚ such as employee wages and bills for supplies and utilities
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Profitability is the relationship between profit and sales and helps managers to determine how well each dollar of sales generates profits The level of profitability depends on: 1. The volume of sales 2. The percentage mark-tup applied 3. The level of expenses incurred There are three ratios to measure profitability: Gross Profit Ration (GPR) Is derived from the income statement It shows how well the company is maintaining and adequate margin between sales and purchases The GPR calculates how
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retention = $20‚000 desired after-tax funds (1 - .41) = $33‚898 salary required from the company If Ms. Morgan is to receive dividends exclusively: Her personal tax rate is: (1.25)(41%) – (2/3 + 25%)(25%) = 28.33% total taxes payable After tax retention rate = $20‚000 desired after-tax funds (1 - .2833) = $27‚906 dividend required from the company (after corporate taxes have been paid) The corporation must earn pre-tax income of $32‚831 ($27‚906 [1- .15]) in
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Week 1 – Financial Reporting Principles and Account Standards Lecture Notes - Generally Accepted Accounting Principles: the rules‚ standards and usual practices that companies are expected to follow when preparing their financial statements The GAAP is made up of the: Framework for the Preparation and Presentation of Financial Statements Accounting Standards (AASB) - Harmonisation is the process by which Australian accounting standards have become similar to international accounting standards
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examination. In addition‚ most of student thinks truancy is best way to run away from any problems life. This leads to immoral activities such as vandalism‚ burglary‚ substance abuse and gang activity. Thus‚ to avoid the truancy become more critical issue among Malaysian school students the Ministry of Education have to take action by solving this problem. How do they solve it? There are suggestions to reduce truancy are the ministry have to enhance skill of teaching‚ counselling service and organize lectures
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Among the hidden and Among the Impostors (323 pages) “Among the hidden” and “Among the Impostor” is part of the phenomenal series called “The shadow children book.” This magnificent book is by Margaret Peterson Haddix. Her writing is very complex but descriptive as well‚ making it easier to understand the mystery book. She has countless memorable novels such as Turnabouts‚ Just Ella and Running out of Time. After I read this amazing series‚ I am hoping to read these outstanding novels. That’s
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interactions. The subordinate person was always to learn from the superior person in the relationship. At the same time‚ the superior person had a responsibility to those below him. 1. List the five key relationships that Confucius emphasized. (in notes) 2. Why did Confucius feel that these relationships were necessary? 3. Would Confucius agree or disagree with the following? Explain. a. Patriarchy b. Equality c. Education
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