BUSI 610 SUPPLEMENTAL EXERCISE 1: RATIO ANALYSIS The balance sheet of Blugreens‚ a leading drugstore chain‚ as of August 31‚ 2009‚ appears as follows (dollars in millions): ASSETS LIABILITIES and STOCHOLDERS’ EQUITY Cash $ 450 Accounts payable $ 1‚836 Accounts Receivable
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P3-1 a) Cash Yasunari Kawabata D.D.S. Capital Sept 1 20‚000 Sept. 4 680 Sept 19 3‚000 Sept. 1 20‚000 Sept 8 1‚690 Sept. 5 942 Sept. 30 6‚007 Sept 20 980 Sept. 10 430 23‚007 Sept. 18 3‚600 Sept. 19 3‚000 Accounts Payable Sept. 30 1‚800 Sept 18 3‚600 Sept. 2 17‚280 Sept. 30 85 Sept. 30 13‚680 Sept. 30 Bal 12‚133
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January 1‚ 2012‚ Revenue Company sold specialized computers costing P760‚000 to Income‚ Inc. for P990‚000. Revenue Company’s trainers present numerous training sessions for Income’s employee during the installation period. Income made a 50% down payment‚ with the balance due upon completion of installation. How much revenue should Revenue Company recognize on its books on January 1‚ 2012? a. P990‚000 b. P760‚000 c. P495‚000 d. P-0- 2. SAMpple Company is an experienced home appliance dealer. SAMpple
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The Business Balance Sheet completely outlines the company; it includes the breakdown of assets and liabilities. It then transfers that to the owner’s equity. It will show debts that need to be addressed‚ if sales or profits need to be increased and overall if the company is in good standing or not. I would use the return on owner’s equity financial ratio to interpret the data. Taking the income after taxes and dividing it by the owner’s equity. I would be aiming for a higher return. Business Income
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of Official interest rates. The RBA generally likes to keep inflation between the 2-3% mark‚ however‚ this may change as a result of international pressures. Generally‚ if inflation is seen to be increasing at a rate that is disproportionate to the health of the economy - or basically growing faster than it can sustain - then official rates may be raised to in order to reduce consumer spending and slow down the economy. Alternatively‚ if inflation is not increasing at a healthy rate‚ the official
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look at some of the reasons why California is so overcrowded. Probably the biggest single reason people live in California is the weather. California is‚ meteorologically speaking‚ a very desirable place to live. There is a wide variety of weather from the snow-capped mountains of Northern California‚ to the valleys and deserts of Southern California. Between the two‚ there is the lush‚ rainy wine country of Sonoma County‚ the breezy coastal beach cities of Orange County‚ and the sweltering desert
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unlucky person‚ but miracles happen every day in the beautiful word we live in. So what would I do if my luck decided to change and I happen to win a million dollars? The idea is tough to grasp‚ but if I won a million dollars I would spend the money on myself‚ my mother‚ and the game of baseball for the youth within my community. To begin‚ if I won a million dollars I would enrich my own lifestyle. I would start by buying a beautiful sports car. A Porsche 911 looks like the perfect fit for me. The Porsche
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February 2015 Amusing the Million In John Kasson’s 1978 novel “Amusing the Million”‚ he presents Coney Island as a revolutionary tool used as an escape from the post-World War One industrialized society. He demonstrates how the genteel culture strived to keep society in control and in order‚ but was overtaken by the likes Coney Island and other culture shocks. In my opinion‚ Coney Island was much more than just an amusement park or just an escape for pleasure. It was a symbol for a new cultural order. This
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Official Cash Rate The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank of Australia to meet the inflation target specified in the Policy Targets Agreement. The current agreement defines price stability as annual increases in the Consumers Price Index (CPI) of between 2 and 3 per cent on average over the medium term. A media release is issued at 2.30 pm after each Reserve Bank Board meeting‚ with the Board’s decision taking effect the following day. Changes to the official
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assets section of the balance sheet. Instructions (a) Indicate which items on the list would generally be reported as intangible assets in the balance sheet. (b) Indicate how‚ if at all‚ the items not reportable as intangible assets would be reported in the financial statements. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering activity required to advance the design of a product to the manufacturing stage. 4. Lease prepayment (6 months’ rent paid
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