Question: Write a note on the importance of 7Cs in Business Communication. Effective communication is an important part of business success. The message is said to be effective when the receiver understands the same meaning that the sender was intended to convey. For any communication in business‚ in order to be effective‚ it must have seven qualities. These seven attributes are called seven C’s of effective business communication. (All these attribute starts with the alphabet ‘C’ so are called
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CHANGES IN BALANCE SHEET ACCOUNTS The total assets of a firm and the claims on assets change over time because of investing and financing activities. For example‚ a firm may issue common stock for cash; acquire a building by mortgaging a portion of the purchase price‚ or issue common stock in exchange for convertible bonds. These investing and financing activities affect the amount and structure of a firm’s assets‚ liabilities‚ and shareholders’ equity. The total assets of a firm and the claims
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document showed DLJdirect’s income statement from 1994-1999 (in millions). Exhibit 17 showed DLJdirect key financial and operating performance. The revenue increased steadily from 1994 to 1997. The revenue increase $50 million in 1998 which is equivalent to 43% increase. In 1999 the revenue increased about $44 million. The income was stable prior to 1997 when the company experienced a loss and able to recovered the next year in 1998. In 1999‚ the company reached the highest income because of the huge commission
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the bottom line of their income statement and is a measure of the firm’s income over a given period of time. The cash flow of a firm shows how a firm has used the cash it earned during a set of time. There are two reasons that the income statement does not show the amount of cash earned. One‚ there are non-cash entries on the income statement and second‚ there are certain uses such as a purchase of a building that are not reported on the income statement. The statement of cash flows utilizes the
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------------------------------------------------- Instructions Categorize the accounting tasks performed by Jenks as relating to either the identification (I)‚ recording (R)‚ or communication (C) aspects of accounting. E1-2 (a) The following are users of financial statements.
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shareholder’s wealth 3. High Country Seasonings is both an investment opportunity and a financing opportunity. Should Pacific acquire High Country Seasonings? Suggested approach – investment opportunity: (a) Forecast High Country’s Income Statement and Balance Sheet for 2012-2015. (b) Determine High Country’s free cash flow to investors. (c) Is High Country’s valuation greater than what Pacific must pay to acquire the firm? (d) From an investment standpoint‚ should Pacific acquire High
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the annual report. Contents * The annual report is an informal document‚ so the content will vary from company to company‚ what is most important to communicate to shareholders. Typically though‚ each annual report will include at least a balance sheet and a list of company
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When should the milestone payments received to date by SolvGen be recognized as revenue? A: FASB codification (605-28) milestone method SolvGen Inc. is gonging to use the milestone method to recognize the revenue. The milestone method is a recently issued method of recognizing revenue for research and development arrangements under which consideration to be received by the vendor is contingent upon the achievement of certain milestones(FASB codification (605-28) milestone method). Under
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d (Million dollars) | Microsoft2012 | Oracle 2012 | Microsoft2011 | Oracle 2011 | Current Assets | 85‚084 | 74‚918 | 40‚023 | 39‚174 | Current Liabilities | 32‚688 | 28‚774 | 15‚388 | 14‚192 | Net working capital | 52‚396 | 46‚144 | 24‚635 | 24‚982 | Current Ratio | 260.29% | 260.37% | 260.09% | 276.03% | Cash | 6‚938 | 9‚610 | 14‚955 | 16‚163 | Short-term securities | 56‚102 | 43‚162 | 15‚721 | 12‚685 | Account receivable | 15‚780 | 14‚987 | 6‚377 | 6‚628 | Quick Ratio | 241.13%
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Departmental Income Statement A Departmental Income Statement shows each departments contribution margin and net income from operating‚ after all expenses are allocated for. The Departmental Income Statement shows which departments of the company are the most profitable‚ and which departments are costing the company money. The Departmental Income Statement helps managers and owners evaluate and control the operations of each department. This is important for running a top quality company. The
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