are around the average of $ 231‚000‚ than the net income is; $ 196‚800 - $ 231‚000 = ($ 34‚200) For the new situation‚ the commercial use demand is; 131 h % 70 = 91‚7 ≈ 92 h So the total revenue is; (92 h x $ 1‚000) + (205 h x $ 400) + $ 10‚000 = $ 184‚000 (205 h for company demand and $ 10‚000 for other revenues from commercial sales) If we assume that the total expenses are around the average of $ 231‚000‚ than the net income is; $ 184‚000 - $ 231‚000 = ($ 47‚000) In
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– 1year chart Mcdonalds – 1 Year incomes In Millions of USD (except for per share items) 3 months ending 2011-09-30 3 months ending 2011-06-30 3 months ending 2011-03-31 3 months ending 2010-12-31 3 months ending 2010-09-30 Revenue Other Revenue‚ Total Total Revenue Cost of Revenue‚ Total Gross Profit Selling/General/Admin. Expenses‚ Total Research & Development Depreciation/Amortization Interest Expense(Income) - Net Operating Unusual Expense (Income) Other Operating Expenses‚ Total Total
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dividends account is closed to the Income Summary account in order to properly determine net income (or loss) for the period. 10. After closing entries have been journalized and posted‚ all temporary accounts in the ledger should have zero balances. 11. Closing revenue and expense accounts to the Income Summary account is an optional bookkeeping procedure. 12. Closing the dividends account to Retained Earnings is not necessary if net income is greater than dividends during
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PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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(1) 10-Mbps Ethernet‚ 10BASE5 (also known as thick ethernet or thicknet) was the original commercially available variant of Ethernet For its physical layer it used cable similar to RG-8/U coaxial cable but with extra braided shielding Disadvantages Adding new stations to network was complicated by the need to accurately pierce the cable. The cable was stiff and difficult to bend around corners. One improper connection could take down the whole network and finding the source of the trouble
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Network+ Guide to Networks‚ 6th Edition Chapter 1 Solutions Review Questions 1. Which of the following is an advantage of using a client/server network over using a peer-to-peer network? a. A client/server network is simpler to set up. b. A client/server network allows resources to be managed centrally. c. A client/server network does not require a network operating system. d. A client/server network is less expensive to set up. 2. What is the primary function of a file server on a client/server
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comprehensive income PURPOSE AND SCOPE .01 This Section establishes standards for reporting and display of comprehensive income. It does not address issues of recognition or measurement for comprehensive income and its components. .02 This Section does not apply to not-for-profit organizations (see FINANCIAL STATEMENT PRESENTATION BY NOT-FOR-PROFIT ORGANIZATIONS‚ Section 4400). DEFINITIONS .03 The following terms are used in this Section with the meanings specified: (a) Comprehensive income is the
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Topic: 605 Revenue Recognition‚ Subtopic: 45 Principal Agent Consideration‚ Section: 45 Other Presentation Matters‚ Subsection: 1 General Emerging Issues Task Force. Financial Accounting Standards Board. Reporting Revenues Gross as a Principal versus Net as an Agent. 2000. Print. Collingwood‚ Harris. "Revenue Recognition: What Is a Sale‚ and When Do You Book It?" FT Press: Leading Business‚ Finance‚ Life and Science Knowledge. 29 Aug. 2003. Web. 13 Oct. 2010. .
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118) | 9.2% | Operating income | $695 | $(152) | $765 | $(70) | 9.1% | Net income | $458 | $(346) | $362 | $96 | 27% | Earnings per share | 1.21 | (0.97) | 0.97 | 0.24 | 25% | Table 1 ($ in millions)‚ 2008 is the base year In the year 2010‚ compare with the year 2008 there was a 9.2% improvement in expenses control. Therefore‚ there was a significant improvement (about 27%) in net income compare with the base year. Also‚ due to the better performance in net income therefore the earnings per
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EXECUTIVE SUMMARY Statement of Purpose The purpose of this case study is to help Airborne Express with its strategy formulation and implementation. Statement of the Problem and Objective Problem: Decline in the market share of Airborne Express in the volume of overnight deliveries. Objective: To become one of the top three companies in the express carriers industry. Alternative Courses of Action ● Not compete with established competitors like FedEx and UPS‚ and stress the reliability
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