Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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2008; LAU Cheuk Nam Ethan‚ he graduated K2L in 2010 and LAU Cheuk Tung Teagan‚ she are studying K2C of your school‚ whose conduct and discipline as well as academic performance are excellent under the guidance of your school. To be honest‚ we‚ as responsible parents‚ really want our son to be educated as good as her. We totally agree with your education concept that proficiency in both Chinese and English is of paramount importance to students in the course
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Plants and animals have a lot of things in common so much in fact i couldn’t fit half of them into this essay‚ there similarities and differences span from the smallest things like cells to huge thing like the whole organism. One thing that plants and animals both have in common is the fact that they adapt‚ the main thing isn’t that they adapt though it’s why they do it. Animals‚ plants‚ and humans all share the same thing they have a will to live in different ways maybe or some might want to live
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Introduction As is known to all‚ some managers have the ability to take advantage of fewer resources to produce more benefits‚ which confuses other managers. In order to figure out what sets the great managers stand out from the average ones‚ the journal article is written. In addition‚ this journal article provides the readers‚ especially managers with the meaningful knowledge on what great managers actually do‚ the advantages of their behavior and how they achieve that. In a word‚ the journal article
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BARILLA SpA (A)‚ (C) and (D) 1. Draw a flow diagram for Barilla dry products sold through distributors. Your diagram will have four major sections: Barilla production‚ Barilla Finished Goods Inventory‚ Distribution Centers‚ and grocers. Indicate the flows of both physical goods and information. At appropriate places on your diagram‚ collect any relevant statistics mentioned in the case‚ for example on inventories‚ lead-times‚ etc. Please refer to the following page (page 2 of this document)
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Managers have to satisfy the customers by all means like supervising the point of sales. There are various responsibilities which a professional manager has to perform. The very first responsibility is towards the customers. Managers have to satisfy the customers by all means like supervising the point of sales etc. Managers are also responsible towards the employees like giving them pays on time etc. It is the responsibility of the manager to provide a professional atmosphere to the employees
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Opera Hotel Edition Hardware Sizing for Microsoft OS OPERA Version 5.0 October 4‚ 2011 OPERA HOTEL SERVER SIZING Copyright 2010 MICROS Systems‚ Inc. All rights reserved. No part of this publication may be reproduced‚ photocopied‚ stored on a retrieval system‚ or transmitted without the express prior written consent of the publisher. MICROS Systems‚ Inc. retains the right to update or change the contents of this document without prior notice. MICROS Systems‚ Inc. assumes no responsibility
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cancer 1999 Coke imposed a crushing 7.6% price hike on its bottlers in the late ‘90s as M. Douglas Ivester‚ now CEO‚ desperately tried to sustain Goizueta’s profit streak. In late 1999‚ he resigned. Ivester’s successor‚ Douglas N. Daft‚ tried to work with bottlers but relations have steadily deteriorated since. 2000 Coke’s profits stalled‚ with operating income falling from $5 billion in 1997 to as low as $3.69 billion in 2000 May 2004 E. Neville Isdell agrees to come out of retirement
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9 PROFIT PLANNING AND BUDGETING Questions‚ Exercises‚ Problems‚ and Cases: Answers and Solutions 9.1 See text or glossary at the end of the book. 9.2 A cost center is a responsibility center in which management is responsible only for costs. In a profit center‚ management is responsible for both costs and revenues. 9.3 An investment center is a responsibility center in which management is responsible for managing costs‚ revenues‚ and assets. A profit center is not responsible for
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MEANING Profit maximization is the traditional approach and the primary objective of financial management. It implies that every decision relating to business is evaluated in the light of profits. All the decision with respect to new projects‚ acquisition of assets‚ raising capital‚ distributing dividends etc are studied for their impact on profits and profitability. If the result of a decision is perceived to have positive effect on the profits‚ the decision is taken further for implementation
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