Percentage of Completion Method: Contract Price P1‚000‚000 Less: Total estimated cost Cost incurred P 200‚000 Estimated remaining cost _400‚000 __600‚000 Gross profit estimated 400‚000 % of completion (200‚000/600‚000) __33 1/3% Gross profit to be recognized P 133‚333 Zero Profit Method: 0 10-2: a P100‚000 2007 2008 Contract Price P9‚000‚000 P9‚000‚000 Less: Total estimated cost _7‚800‚000 _8‚100‚000 Estimated gross profit 1‚200‚000 900‚000
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CHAPTER 12 MULTIPLE CHOICE 12-1: d. This is recorded when the working fund is replenished. 12-2: c. Sales P 700‚000 Cost of goods sold: Purchases P800‚000 Merchandise inventory‚ end 180‚000 620‚000 Gross profit P 80‚000 Expenses 198‚000 Net income (loss) P (118‚000) 12-3: b Sales P 70‚000 Cost of goods sold (P70‚000 / 140%) 50‚000 Gross profit P 20‚000 Less: Samples (P8‚000 – P6‚000) P
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Transaction Cash Net Income a) Purchased $100 of supplies for cash. -100 0 b) Recorded an adjusting entry to record use $20 of the above supplies. 0 -20 c) Made sales of $1‚300‚ all on account. 0 1‚300 d) Received $800 from customers in payment of their accounts. 800 0 e) Purchased equipment for cash‚ $2‚500. -2‚500 0 f) Recorded depreciation of building for period used‚ $600. 0 -600 a)
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social responsibility of a company. Corporate sustainability reporting provide organisations a guideline to make changes and improvement in aspect to business efficiency‚ reputation risk management ‚ stakeholder management other social and economic part of the business by disclosing the status of the business in the eyes of society and its stakeholders. Reporting non financial Corporate activities provide a way to communicate and deal with social issues and help to protect a continuing good relationship
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CGA-CANADA ADVANCED MANAGEMENT ACCOUNTING [MA2] EXAMINATION March 2011 Marks 30 Time: 3 Hours Question 1 Select the best answer for each of the following unrelated items. Answer each of these items in your examination booklet by giving the number of your choice. For example‚ if the best answer for item (a) is (1)‚ write (a)(1) in your examination booklet. If more than one answer is given for an item‚ that item will not be marked. Incorrect answers will be marked as zero. Marks will not be awarded
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trade-off faced by society? A. who gets good and service? B. whether or not to produce. C. how to produce? D. which goods and services to produce. 2. Most microeconomic models assume that decision markers wish to A. act selfishly. B. make themselves as well off as possible C. make others as well off as possible. D. none of the above. 3. What links the decisions of consumers and firms in market? A. coordination’s officials B. government C. prices D. microeconomics 4. The price of a good or
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HOTEL | MODULE ASSIGNMENT PDO PART C | SCM HOTEL | MODULE ASSIGNMENT PDO PART C | Other Operating Expenses at the company which makes a high turnover and a bad staff satibout . e in the HOTS game. Year: 2011-2012 Module: 3 Team 8 Other Operating Expenses at the company which makes a high turnover and a bad staff satibout . e in the HOTS game. Year: 2011-2012 Module: 3 Class: 2PDOd Team 8 Inhalt 1 Performance dashboard year 2 & 3: 3 Total turnover 4 Figure
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DECISION MAKING ACROSS ORGANIZATION Team B ACC/561 DECISION MAKING ACROSS ORGANIZATION BYP 18-1 The Martinez Company has decided to introduce a new product. The new product can be manufactured by either a capital-intensive method or a labor-intensive method. The manufacturing method will not affect the quality of the product. The estimated manufacturing costs by the two methods are as follows: Capital-Intensive Labor-Intensive
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things happening: Highest level of sales in the company history Lowest after-tax profits in many decades Retirement of long-standing president and CEO - Jerome Atchison Products were manufactured in four regional factories located across different parts of United States‚ and sold by a company sales force in thousands of grocery stores. The company has always been focused on production and volume. In fact‚ people that worked at Atchison clearly understood the goal that "next year’s sales will be greater
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A number of advocacy organizations have labeled Bill C-14 as being unconstitutional. For example‚ Peter Hogg‚ one of the foremost authorities of constitutional law in Canada‚ said that Bill C-14 is “inconsistent with last year’s landmark Carter decision‚ which struck down the ban on assisted dying as a violation of the charter right to life‚ liberty and security of the person.” (Bryden‚ 2016‚ p.1). In reply to the government’s argument of creating safeguards for assisted dying‚ he said that the law
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