Profitability Ratios: How Profitable is the Company? Net sales/Net profit after taxes The information necessary to determine a company’s profit as a percentage of sales can be found in the company’s income statement. 1. Magnetronics’ profit as a percentage of sales for 1999 was $1‚307 divided by $48‚769‚ or 2.68%. 2. This represented a decrease from 3.6% in 1995. 3. The deterioration in profitability resulted from a decrease in cost of goods sold as a percentage of sales‚
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Statement of Cash Flows Preview of Chapter Usefulness and Format Usefulness of the Statement of Cash Flows Provides information to help assess: 1. Entity’s ability to generate future cash flows. 2. Entity’s ability to pay dividends and obligations. 3. Reasons for difference between net income and net cash provided (used) by operating activities. 4. Cash investing and financing transactions during the period. SO 1 Indicate the usefulness of the statement of cash flows. Usefulness
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October 1‚ 2008‚ TSMC Company establishes an imprest petty cash fund by issuing a check for $200 to Mary Mann‚ the custodian of the petty cash fund. On October 31‚ 2008‚ Mary Mann submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $55 cash in the fund: Freight-in $27 Office Supplies Expense 35 Entertainment of Clients 60 Postage Expense 20 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and
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The Vietnam War Should Not Have Been Fought The Vietnam War The Vietnam War is truly one of the most unique wars ever fought by the Unites States of by any country. It was never officially declared a war . It had no official beginning nor an official end. It was fought over 10‚000 miles away in a virtually unknown country. The enemy and the allies looked exactly the alike‚ and may by day be a friend but by night become an enemy. It matched the tried and true tactics of World
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APPLE INC. 1. What‚ historically‚ have been Apple’s competitive advantages? Apple pursues a differentiation strategy since it started in 1976. Only one time they offered a computer aiming for the mass market‚ but soon came back to their differentiation strategy. This differentiation strategy was at one point supported by a strong promotion campaign‚ with the goal of to ‘differentiate the Macintosh amid intense competition in the PC industry. Apple has always been a very innovative PC manufacturer
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Who Should Have Been King in 1066? Introduction This essay is about who should have been king in 1066. Edward the Confessor died on 5th January 1066. The King of England was usually the son or another close relation of the previous king. Edward had no children or any surviving brother or sister. There were four people waiting to be the next king. They were Edgar Etheling‚ Harold Godwinson‚ William Duke of Normandy and Harald Hadrada. Only one of the four people could be the King of England at any
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Cash Connection 1. What are the dominant economic characteristics affecting the payday lending industry? The industry for short-term cash loans (payday loans) grew in the early 1990’s because of the shift in financial services marketplace. The cost structure of the market rose due to bounced checks‚ overdraft protection fees‚ and late bill payments penalties. Second the trend of regulation of payday advance service that allowed protection for consumers. To avoid such cost‚ payday loans were
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William Gonzalez Dr. Verrecchia Juvenile Justice March 23‚ 2015 Kids for Cash The Kids for Cash book depicts the scheme that took place between two judges‚ Mark A. Ciavarella and Michael T. Conahan‚ and PA Child Care‚ a privately owned juvenile detention facility in Pittston‚ Pennsylvania. This scheme became known as the kids-for-cash scheme in which Judge Ciavarella would convict young children‚ for mostly petty crimes that the children or attorney would not be able to defend them‚ and send them
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Statement of Cash Flow (Cash Flow Statement) describes the changes in the cash position of a company during specific period of time. In business as in personal finance‚ cash flows are essential to solvency. Solvency can be described as the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. Cash flow is crucial to an entity’s survival. Having ample cash on hand will ensure that creditors‚ employees and others can be paid on time
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Common wisdom has it that the execution of Charles I on 30 January 1649 was a desperate‚ aberrant act by a small and reluctant minority of English parliamentarians - opposed by the right-thinking bulk of the population. One seventeen year-old boy in the crowd at Whitehall recorded that the execution was met with ’such a groan as I have never heard before‚ and desire I may never hear again’. This lad grew up to become a nonconformist minister in the 1660s but his views echoed those of a Restoration
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