BFN1014 Financial Management I (Semester 53) BFN1014 Financial Management I TUTORIAL 1 (Week 2): Tutorial Questions Chapter 1: The Role of Managerial Finance Review Questions 1-3 Which legal form of business organization is most common? Which form is dominant in terms of business revenues? What is the goal of a firm and‚ therefore‚ of all managers and employees? Discuss how one measures achievement of this goal. What are the major differences between accounting and finance with respect to emphasis
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Problem 3-7 QED ELECTRONICS COMPANY Income Statement for the month of April‚ ----. | Sales | | $33‚400 | Expenses: | | | Bad debts | $ 645 | | Parts | 3‚700 | | Interest | 880 | | Wages | 10‚000 | | Utilities | 800 | | Depreciation | 2‚700 | | Selling | 1‚900 | | Administrative | 4‚700 | ______ | Profit before taxes | | 25‚325 | Taxes | | 8‚075 | Net income | | $5‚275. | Truck purchase has
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Bank service charge (27.50) Adjusted balance‚ 12-31-13 $ 108‚309.00 $ 108‚309.00 Journal Entry‚ 12-31-13 Account No. Debit Credit 41000 Other operating expense $27.50 10100 Cash $27.50 WAREN SPORTS SUPPLY‚ YEAR-END WORKSHEET‚ DECEMBER 31‚ 2013 Student Name________________________________________________ TRANSACTIONS LIST A Instructor_______________________Date
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considering updating its computer with a faster model that would eliminate all of the overtime processing. | Current Machine | New Machine | Original purchase cost | $15‚000 | $25‚000 | Accumulated depreciation | $ 6‚000 | — | Estimated annual operating costs | $24‚000 | $18‚000 | Useful life | 5 years | 5 years | If sold now‚ the current machine would have a salvage value of $5‚000. If operated for the remainder of its useful life‚ the current machine would have zero salvage value. The new
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Pinkerton Group Project Executive Overview The security guard services industry consisted of two segments: proprietary guards and contract guards. The historical growth was driven by companies realizing‚ that contracting guards allowed them gain operating flexibility instead of managing their own security personnel. In 1987 security guard services was a $10 billion industry growing at 6% a year. Due to the industry being very mature‚ fragmented‚ and price competitive there was an ongoing consolidation
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Caz Polymedica(A) Q: Explain difference between an asset and an expense A: Assets are resources controlled by the entity as a result of past events and from which future economic benefits are expected into next accounting periods. Expenses are costs related to running the business‚ in order to earn revenues. An "expense" is that economic portion of an asset that has been used up within the accounting period. Q: Explain the role of advertising in the company’s customer acquisition strategy
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Four ward boys‚ each drawing a salary of Rs 2000 p.m. Two full time doctors‚ each drawing a salary of Rs 80000 p.m. Assuming that the hospital ran to full capacity for 150 days and 50 days with 10 patient beds. The following are the other expenses incurred during the year: | Rs. | Rent of premises | 80000 | Repairs and maintenance | 20000 | Laundry charges | 35000 | Junior docs and other services | 100000 | General administration charges | 50000 | Food given to patients | 80000
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revenue growths‚ a high operating profit leading to a high net profit. With a stable and strong 25% growth rate this is one of their strongest aspects in the company and the growth rate is strongly correlated to Bobs determination of shifting the product mix to nurseries that were willing to pay more for plants that delivered “instant landscape”. The operating profit is also correlated to the high revenue growth as the gross profit increased leading to a higher operating profit and thus leading to
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| |148‚000 | | | | | |Less other expenses:
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has been bloating or increasing their earnings through booking about $3.8 billion expenses as long-term investments rather than operating costs. They did that by posting operating expenses such as salaries and wages as long-term investments on the balance sheet while those costs should have been expensed and posted to the income statement. When they did that‚ they overstated assets while extremely understating expenses. This led to an overstatement of net income; the company then devalued such costs
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