Practical Accounting 1 Cash and Receivables -1. Assume the following facts for Kurt Company: the month-end bank statement shows a balance of P40‚000: outstanding checks totaled P2‚000; a deposit of P8‚000 is in transit at month-end; and a check for Pf400 was erroneously charged against the account by the bank. What is the correct cash balance at the end of the month? a. P33‚600 c. P45‚600 b. P34‚400 d. P46‚400 2. The August 31 bank statement of K‚ Inc. showed a balance of P113‚000. Deduction in
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PROFITABILITY RATIOS RETURN ON INVESTMENT (ROI): The prime objective of making investments in any business is to obtain satisfactory return on capital invested. Hence‚ the return on capital employed is used as a measure of success of a business in realizing this objective. Return on Investment establishes the relationship between the profit and the capital employed. It indicates the percentage of return on capital employed in the business and it can be used to show the overall profitability
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Current Ratio 2012 (‘000) 2013 (‘000) (Current Asset)/(Current Liabilities) (Current Asset )/( Current Liabilities) = (RM 308‚510)/RM161‚786 = RM337‚728/(RM 222‚768) = 1.91 : 1 = 1.52 : 1 The table above shows that Dutch Lady has a decreased
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Renee H. Lucier Financial Statement Analysis Course Project – Week II Nestle (NSRGY) and Hershey Foods (HSY) I. Choice of Companies and an Overview of Their Operations and Industry – briefly outline what the company does and its industry. (5 pts) Nestle (NSRGY) is the largest food and beverage company in the world operating within the global food and beverage industry. It provides nutrition‚ health‚ wellness products‚ baby foods‚ bottled water‚ cereal‚ chocolate‚ coffee‚ pet care products and
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Gender Roles in Tootsie “Men are the same as Women.” Some see this as a tautology and others see this as a contradiction. This perceived similarity or difference between men and women is what forms the basis for opposing viewpoints and positions that lead to the concept of gender politics. The 1982 box- office hit Tootsie is an excellent example of gender politics and roles in our society. The writers of this film had particular perceptions about the roles of men and women and how they acted
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debit/credit system‚ website‚ and accounts receivable system. The debit/credit system and the website are already automated while the accounts receivable system is currently manual. The debit/credit system records all the expenses of the company‚ may it be capitalization expense or daily operating expense. It also records the sales from the job orders. The website simply advertises the company’s sold units and shows the company site map. The accounts receivable system holds the schedule of payment of
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Accounts Receivable: There are several controls in accounts receivable. A thorough audit should be daily comparing the checklist and the system records in customers’ accounts. This is to ensure the payment received is applied to the right customer. A second control is to check if customers’ balances in record are true. One simple way is to send current statements to customers monthly. Customers can help identify if there is any discrepancy between their record and the account statement. A
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CHAPTER-I 1.1 Job satisfaction Job satisfaction describes how happy an individual is with his or her job. The happier people are within their job‚ the more satisfied they are said to be. Logic would dictate that the most satisfied (“happy”) workers should be the best performers and vice versa. This is called the "happy worker" hypothesis. However; this hypothesis is not well supported‚ as job satisfaction is not the same as motivation or aptitude‚ although they may be clearly linked. A primary
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The way others view dorothy or michael? The Sydney Pollack movie Tootsie (1982)‚ named one of the top 100 American films by the American Film Institute‚ is a successful attempt to portray the public pressures on the first generation of women trying to get into the workplace en masse by using the intricacies of the image-making industry - the media - that houses our collective prejudices and the distorted collective identities of marginalized groups like the women and minorities. The television
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Case 1: Hershey Christopher Dobbins MBA 710 July 24th‚ 2012 Dr. Moscato Introduction to Hershey Hershey Foods Corporation is number one in the confectionary foods market. Although many people associate Hershey with chocolate‚ the company started when founder Milton Hershey decided to produce caramel in 1894.They are most famous for their major candy brands such as Hershey ’s‚ Reese ’s‚ Kit Kat‚ Kisses‚ Twizzlers‚ Jolly Rancher etc. However‚ Hershey also sells grocery products including: baking
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