information was taken from the 2006 financial statements of pharmaceutical giant Merck and Co. All dollar amounts are in millions. Retained earnings‚ January 1‚ 2006 $37‚980.0 Materials and production expense 6‚001.1 Marketing and administrative expense 8‚165.4 Dividends 3‚318.7 Sales revenue 22‚636.0 Research and development expense 4‚782.9 Tax expense 1‚787.6 Other revenue 2‚677.1 Hint: Prepare income statement and retained earnings statement. (SO 4) Instructions (a)
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Q15-4. In a contribution income statement‚ costs are classified according to behavior as variable or fixed‚ and the contribution margin (the difference between total revenues and total variable costs) that goes toward covering fixed costs and providing a profit is emphasized. In a functional income statement‚ costs are classified according to function (rather than behavior)‚ such as manufacturing and selling and administrative. This is the type of income statement typically included in corporate
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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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manufacturing company who have grown significantly over the last 2 years. With this growth‚ staff recruitment figures have doubled as the company has grown in size dramatically. During the last few months the company has seen an increase in flexible working requests. Whilst the Board of Directors have never formally addressed the subject‚ it is clear from the level of employee requests due to the recent change in 1Employment Law (June 2014)‚ (whereby the right to request flexible working was extended
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Having a personal cash flow statement helps me to organize me finances by allowing me to see where exactly my money is going. I can see the area in which I really do not have to spend as much. For instance‚ housing expenses and transportation would be the priority for me. As much as I love to go out to the movies‚ I would have to cut down on my entertainment expenses. The most interesting thing I learned about completing this worksheet was discovering that most of the time I am spending more
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How are the income statement and statement of cash flows used to make business decisions? The income statement reflects the company’s financial performance by showing how much money was generated (revenue)‚ how much was spent (expenses)‚ and the difference (profit) between the two over a period of time. It is divided into the operating and non-operating sections. It can also tell how much money shareholders would receive if the company were to distribute all of its net earnings. The cash flow
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Comparing the theme of The Most Dangerous Game with the theme of The Cask of Amontillado‚ revenge is what i believe‚ the theme of both short stories. Both Simply from the aspect of the number of men that Zaroff has killed‚ "The Most Dangerous Game‚" wins this contest of evil. Where Montressor‚ character from the short story‚ "The Cask of Amontillado‚" certainly shows his evil side when he leads his "friend" Fortunato into the catacombs and to face his death‚ his intentions only concern one man. Montressor’s
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Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4‚ 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are
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Midterm Exam #2As the current CEO of Coca-Cola‚ I will pursue the strategy of localization‚ and there are several reasons below. First of all‚ because each country has its own culinary culture‚ Coca-Cola needs to adapt to a variety of culinary culture to increase their sales. Unlike products like cell phones or laptops which can become the best products as long as they are most advanced and practical‚ there is no best beverage because it’s really hard to identify. It means that Coca-Cola should
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Path‚ Girgaum‚ Mumbai – 400 004. : Saraswat Bank Bhavan‚ Plot No. 953‚ Appasaheb Marathe Marg‚ Prabhadevi‚ Mumbai – 400 025. Website: www.saraswatbank.com : September 14‚ 1918. : ACD-MH-220-P‚ dated 27.08.1980. : ALL INDIA : ‘A’ (Since 1933‚ i.e. the year in which we were registered as a Bank). --- ANNUAL REPORT 2010-11 --CONTENTS: 1. 2. 3. 4. 5. 6. 7. 9. 10. 11. 12. 13. 14. 15. 16. 18. 19. 21. 22. Notice .............................................................................................
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