...Exercise 1 Salman starts his business with initial capital of RM30,000 on the 1st of January 2013. The following are the transactions for the month of January 2013. All transactions are in cash. Jan 1 | Purchase office equipment RM5,000 and furniture and fittings RM4,000 | 2 | Pay rental RM500 | 4 | Purchased goods RM3,000 | 6 | Sales RM2,000 | 9 | Received loan RM10,000 from his brother, Shariman | 11 | Purchase used van RM8,000 | 14 | Purchased goods RM4,000 | 17 | Sales RM2,500 | 20 | Repair van RM300 | 21 | Purchased goods RM2,500 | 24 | Sales RM1,500 | 26 | Petrol for van RM100 | 28 | Printing RM70 | 30 | Paid salary RM1,000 | 31 | Withdrew RM1,000 for personal use | Record the transactions in appropriate accounts and prepare the trial balance. Exercise 2 The followings are the business transactions for Mutiara Hati Enterprise in June 2013: June 1 | | Starts business with initial capital RM50,000 in the bank account. | 3 | | Received cheque for laon from Bank Addin RM10,000. | 5 | | Purchased furniture on credit from Dana Furniture RM1,500. | 6 | | Purchased shop equipment RM5,600, paid by cheque. | 7 | | Purchased goods on credit from Suri Supplier RM4,000. | 9 | | Cash sales RM700. | 10 | | Paid RM1,000 to Suri Supplier, by cheque. | 12 | | Credit sales to Mesra Trading RM2,500. | 14 | | Cash purchase RM200. | 16 | | Cash sales RM800. | 18 | | The owner withdrew RM500 cash and RM500 of goods for...
Words: 1409 - Pages: 6
...From a strategic planning perspective, the well-known Canadian fitness retailer Lululemon has a lot of factors to consider when laying the foundation for a five year plan. There are many opportunities as well as challenges that the company encounters from its external environments. Each of these is outlined in the following paragraphs and must be embraced in order for Lululemon to position itself strategically and successfully in the market. Economical environment: The economical environment that circles around Lululemon Athletica shows a strong revenue growth. In September 2012 Lululemon posted a 33% increase in revenue to $282.6-million (U.S.) and an increase of 15% in same-store sales (refer to figure 2). Along with that we can observe the company’s stable financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, net income growth and good cash flow from operations. Lululemon was pretty successful among many investors as it consistently raised quarterly profits and revenues in a struggling fitness retail industry (see figure 3). In reference to the article, “Lululemon athletica inc. Stock Quote & Summary Data”, unemployment rate made some effect on the company’s Gross Income as of in 2009 when the unemployment grew to the level of 8.5% company’s Gross Income was only 23.56% (see figure 1 and 2). But in 2011 when the unemployment growth was at a level of 7.2% company’s Gross Income became 77.04%. This also depicts...
Words: 3451 - Pages: 14
...Executive summary Prestigious and Luxury brands such as Gucci, Louis Vuitton and Vertu represent the uppermost level and form of craftsmanship. They demand and hindercustomer loyalty that is not affected by trends. These brands set seasonal trends and are capable of generating consumers, wherever they are established. In luxury marketing, there is a delicate relationship between 4 factors that most strongly influence the purchase of the luxury consumer. They are the exclusiveness of the brand, the reputation of the brand, forms of distribution and price/value affiliation. Exclusivity cannot always be ensured due to immense competition. But by consequence, it is not the key requirement of a luxury consumer. The consumer bases their purchasing decisions mainly on the aura of the brand and completion of their ‘actualization needs’. Therefore, aura of the brand is more important than exclusivity. A luxury consumer is always looking for newer ways to satisfy their inconsistent wants and needs. Therefore, it is important for Gucci, LV and Vertu irrespective of their exclusivity and geographical presence to research and give their consumers major importance, to be successful in the fashion or high-end market. This report will aim to discuss the key success factors of Gucci, LV and Vertu that have impacted on their brand image and exclusivity. Furthermore, it gives a detailed explanation supported with examples on how they achieve their elitism. It then discusses the problems...
Words: 1846 - Pages: 8
...GK Power Capsule – January 2015 (The Hindu Review) This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power). This has been prepared on the basis of news and events appeared in The Hindu Newspaper in the month of January 2015. 1. 2. 3. 4. 5. 6. 7. RBI cut its benchmark rate by 25 basis points to 7.75 per cent. RBI’s growth estimate for 2014-15 is 5.5 per cent. a. Bank Rate – 8.75 % (0.25% Decreased) b. Cash Reserve Ratio – 4 % (Unchanged) c. Statutory Liquidity Ratio – 22 % (Unchanged) d. Repo Rate – 7.75 % (0.25% Decreased) e. Reverse Repo Rate – 6.75 % (0.25% Decreased) f. Marginal Standing Rate – 8.75 % (0.25% Decreased) United Nation Secretary-General Ban Ki-moon appointed Indian sociologist Saraswathi Menon in peace-building panel. Filmmaker Pahlaj Nihalani was appointed as the Chairman of Central Board of Film Certification. Nihalani will succeed Leela Samson. Nepali Congress leader Deep Kumar Upadhyay was appointed as Nepal's ambassador to India. Hari Shankar Bramha was appointed as the new Chief Election Commissioner. Brahma succeeds V.S. Sampath. Anupam Shrivastava was appointed as CMD of BSNL. Arvind Panagariya took charge as Vice-Chairman of NITI Aayog. He became the first vice-chairman of the National Institution for Transforming India (NITI) Aayog, which replaced the Planning Commission on 1 January 2015. NITI Aayog comprises of Prime Minister as chairperson, one vice-chairman...
Words: 5826 - Pages: 24
...FEN’SCAFÉ Esther Wong is the owner of FEN’S café on 1st January 2015. Esther was a barrister of a café for 6 years, she resigned and pursue her dream to start a café of her own. The business started with $600 000 as capital. The café operates under sole proprietorship. There are 7 employees in this café which is the manager, cashier, two barristers, pastry chef and two waiters. It’s concept of this café is to let the customer feel relax and comfortable while in the café. FEN’S café provide the finest coffee and delicious cakes to customer also free Wi-Fi online connection. Coffee bean in FEN’S café is imported from Hawaii, USA and baked cake which match with the coffee. The café provide a special quiet area for customer enjoy their coffee while they doing their job, reservation is needed. Besides, cakes in the café available for delivery to your house. FEN’S café is allocated at Solaris Mont Kiara, address is No.27, Jalan Solaris, Solaris Mont Kiara, 50480, Kuala Lumpur. FEN’s café phone number is 03–62598797. Visit our Facebook page, https://www.facebook.com/FEN’S_CAFE@Kepong. The following table shows the business transactions of FEN’S café during January 2015. 2015 | Description | Jan 1 | Business started with $600 000 in the bank | Jan 2 | Transfer $10 000 to cash account | Jan 4 | Paid rent expenses $2 800 by cheque | Jan 5 | Purchase furniture of $25 000 by cheque | Jan 6 | Bought kitchen equipment of $5 000 by cash | Jan 7 | Bought goods...
Words: 1056 - Pages: 5
...(a) Assuming a straight line amortization, the carrying value of the outstanding Carlin Corporation 5-year bonds on January 1st, 2010 The face value of the bond equals $2,400,000. To figure out the proceeds from the sale of the bond, we multiply $2,400,000 (original issued) by the discounted price of $0.95 which equates to $2,280,000. We then subtract $2,280,000 from the original issued value of $2,400,000 which gives us the discount on bonds payable amount of $120,000. We then take that $120,000 and divide by the five years equating to a bond discount amortization per year of $24,000. The next steps involves subtracting the 2 years of amortization (January 2008 through January 2010) of $48,000 from the original discount on bonds payable amount of $120,000 which gives us a total of $72,000. Lastly, we subtract this final number subtracted from the original issued value of $2,400,000 giving us the total carrying value of the bonds at a value of $2,328,000. (b) The Journal entry to retire the 5-year bond is Debit Credit Bonds Payable $2,400,000 Discount on Bonds Payable $72,000 Gain on Bond Redemption $328,000 Cash $2,000,000 (To record redemption of 8% bonds) The Journal entry to issue the new 10-year bonds is Cash $2,000,000 Bonds Payable $2,000,000 (To record sale of 10-year, 11% bonds at par) (c) Short Memo to the president listing the economic factors that I believe should be considered for her...
Words: 328 - Pages: 2
...HCS210-Exercise 1 The following information was obtained from the books of JB Ncube , sole proprietor who operates a grocery shop in Gweru Central District for the month of January 2011. Jan 1 : JB Ncube deposited $30 000 capital in the business bank account. : paid rent by cheque $ 2000. Jan 3 : Bought goods and issued a cheque $ 12000. Jan 4 : Sold goods for cash $ 15000. Jan 7 : Bought goods on credit from the following suppliers; Makanakaishe traders $ 5000 Jaggers Wholesalers $ 7000 Chic Traders $ 15000. Jan 10: Returned goods to the following suppliers ; Makanakaishe $ 500 Jaggers $ 1000. Jan 12: JB Ncube used goods worth $ 2000 at cost for personal use. Jan 15: Issued cheques to the following suppliers: Makanakishe $3 900 in full settlement of the amount owing. Jaggers Wholesalers $ 5000. Chic Traders $ 13000. Jan 17: Obtained a bank Loan for $ 40 000 from CBZ Ltd. Jan 20: Sold goods on credit to the following customers; Mashanda $ 14 500 Mangwaya $ 15 500 Jan 22: The following customer returned goods they had bought on credit; Mashanda $ 500 Mangwaya $ 1000. Jan 23: The following deposits were made by debtors into the business bank account Mashanda $ 14 000 in full settlement of the amount owing Mangwaya $ 10 000. Jan 25: Bought a Motor vehicle for use in business by cheque $ 10 000. Jan 27 : JB Ncube introduced his personal equipment with a value of $ 5000 . Jan 30 : Paid for...
Words: 321 - Pages: 2
...Fire Evacuation Meeting December 23, 2019 0900hrs – 1130hrs Padre White Lounge Meeting called by: Positive Outlook Company Type of meeting: Planning Planning Facilitator: Tom Jones Note taker: Sally Fairfield Sally Field Timekeeper: Sally Field Attendees: Tom Jones, Fred Nerks, Sally Field, Peter Rabbit, Karen Goat, Peter Hazard Apologies: Nil Minutes of last meeting Sally Field Minutes Agenda item:O901hrs 1. Proposed Planned Evacuation Routine, Companies fire/ evacuation policies. Presenter: Tom Jones Discussion: Welcome by Tom Jones explanation of meeting purpose given Request for all phones to be turned off. Companies fire evacuation procedure need to comply with the companies fire safety policies and government by-laws. Building Plan shown Action items Person responsible Deadline Nil action required Agenda item:0938hrs Role of Fire Brigade in the event of fire or evacuation of building and requirements of this department Presenter: Fred Nerks Discussion: Fire chief would take command on delegating tasks in the event of fire. Fire Brigade free uncluttered access to all parts of building at all times Have access to building plans displaying location of exit doors fire extinguishers etc .A plan of building to be placed clearly in foyer showing locations of fire equipment, exits and evacuation assembly point. Action items Person responsible Deadline Plan of building charting the above needs Tom...
Words: 639 - Pages: 3
...Employee HANDBOOK PHILIPPINES Welcome to STARTEK Welcome Brand Warrior! Thank you for joining the STARTEK family. Our mission is to enable and empower you to successfully promote and defend our clients’ brands. Our focus is on ensuring that you are successful in your new position. You are now a Brand Warrior ready to empathize with your customers and fellow employees and take ownership to solve the customer’s issue. You have been hired because you have the determination, enthusiasm and passion for excellence. This handbook was developed to describe the expectations we have for our employees. It also outlines the policies, programs, and benefits available to eligible employees. I strongly encourage you to familiarize yourself with the contents of this employee handbook as soon as possible as it will answer many questions about employment with STARTEK. We are in the business of helping people through our interactions with them. We impact lives one conversation at a time every single day. Enjoy your experiences at STARTEK and know that all of us are here to help and be sure to have fun! Chad Carlson President & Chief Executive Officer Welcome to STARTEK Welcome Brand Warrior! I feel it’s a great honor to welcome to the STARTEK family our newest Brand Warriors. At STARTEK, being a Brand Warrior is an opportunity to make a difference. You’ll find the STARTEK team consists of talented individuals working together to create a winning team. The ONE TEAM ...
Words: 41887 - Pages: 168
...January Reflection Preston Holmes 2/4/13 During this month of January we have discussed many things in class and I have learned a lot of new things also. The book started out with a couple of pages that’s titled “So let’s get Started” which is an introduction to the book of Those who Can Teach. In the introduction the key was that knowledge is power meaning if you have knowledge you can be powerful but I think it is true with effort added. My reason for that is that anybody can have knowledge and sit around the house and don’t use their power but with effort and achieving something then the power increases. It also talked about why we chose to teach, your motivation to be a teacher and what can make you a better teacher. We should be aware of everybody we come in contact with because you never know who could change your life. Mayonnaise Jar and 2 cups of coffee was a story about an professor that stood before his philosophy class to explain the story with an empty mayonnaise jar, golf balls, pebbles, sand , and coffee. The mayonnaise jar represent life, golf balls was important things, pebbles was jobs your house and car the sand was the small things in life. He then asked the students if the jar was full. They agreed that it was. “The professor then picked up a box of pebbles and poured them into the jar. He shook the jar lightly. The pebbles rolled into the open areas between the golf balls. He then asked the students again if the jar was full.. They agreed it was...
Words: 450 - Pages: 2
...June 2011 Paper 3 1. Decentralisation means allowing managers to take decisions and not keeping all decisions at the centre of an organisation. One of the reasons S and V used decentralisation was to allow each store to become a profit centre. This means that the cost and revenues of each shop can be calculated and each manager can be held responsible for the profits or losses made. Managers will be able to take their own decisions about how to increase their shop’s profits. The second reason is that customers in some areas want different CDs and DVDs. If the supplies were ordered centrally then local demand would not be taken into account. Sales will be higher if local managers are empowered to take stock decisions that meet local needs. 2. Payback period is the time taken for an investment project to pay back the initial investment. The faster the payback period the lower the level of risk of a project. The payback for S and Vs new strategy is 2 years and 3 months. This is faster than the 3 years expected by the directors. The net present value is the value of the future profit made by the project in today’s money values. The higher this is the more profitable the project will be taking the time value of money into account. £40m x .91 = £36.4m £40m x .83 = £33.2m £80m x .75 = £60m Total NPV = £129.6m - £100m = £29.6m This is greater than the £25m required by the directors so quantitatively this project meets the criteria set by S and V. However, this a very...
Words: 1127 - Pages: 5
...KOLEJ BANGI SUBJECT BUSINESS MATHEMATICS (TBM1063) NAME | NO. ID : SECTION 4 AB101 1) MUHAMMAD JAMAL FIKRI BIN MOHD RAZID PTM140716652 2) MOHAMAD FIKRY HAFIDZ BIN JUPRI PTM140716685 3) NUR HAZIQAH BINTI ABD. RAZAK PTM140716677 4) NURUL HASANAH BINTI KAMARUDIN PTM140716657 5) NURRUL ATIKAH BINTI MOHD FATMI SHAH PTM140716696 6) AMIRA BINTI SHIR MOHAMMAD PTM140716658 NAME LECTURER : MADAM NURULHUDA BINTI ABDUL ZABAR DATE : 16 JULY 2014 ACKNOWLEDGEMENT I would like to express my gratitude and appreciation to all those who gave us the possibility to complete this report. A special thanks to our lecturer, Madam Nurulhuda binti Abdul Zabar whose help, stimulating suggestions and encouragement, helped us to coordinate our project especially in writing this report. A special thanks goes to my team mate, who help to assemble the parts and gave suggestion about the trade and cash discount. Thank you my team mate for giving opportunity work together as a team. Last but not least, many thanks go to the head of the project, Jamal Fikri whose have given his full effort in guiding the team in achieving the goal as well as his encouragement to maintain our progress in track. I would to appreciate the guidance given by other supervisor as well as the panels especially in our project presentation that has improved our presentation skills by their comment and tips. ABSTRACT 2.1 TRADE DISCOUNT...
Words: 1040 - Pages: 5
...this date range (from January 1, 1923 through December 31, 1980). After you’ve reached the 100-article limit for the month, articles from 1923 through 1980 are $3.95 each. — Pre-1923 and post-1980: Articles published before January 1, 1923 or after December 31, 1980 are free with your digital subscription and are not limited in any way. Learn more about digital subscriptions » Nonsubscribers: — 1923–1980: Articles in this date range (from January 1, 1923 through December 31, 1980) are available for purchase at $3.95 each. — Pre-1923 and post-1980: Articles published before January 1, 1923 or after December 31, 1980 are free, but they count toward your monthly limit. Learn more about your monthly limit as a nonsubscriber » Users of NYTimes.com Passes: — 1923–1980: Pass users have unlimited access to the New York Times archived articles outside the 1923–1980 date range. Each day of their pass, users may access up to five free articles published between the years 1923 through 1980. — Pre-1923 and post-1980: Articles published before January 1, 1923 or after December 31, 1980 are free with your Pass and are not limited in any way Learn more about NYTimes.com Passes » Members of a Group Subscription: — 1923–1980: Each member of a group digital subscription can access 100 archive articles every four weeks in this date range (from January 1, 1923 through December 31, 1980). — Pre-1923 and post-1980: Articles published before January 1, 1923 or after December...
Words: 347 - Pages: 2
...differential 4) Byner Corporation accounts for its investment in the common stock of Yount Company under the equity method. Byner Corporation should ordinarily record a cash dividend received from Yount as 5) On January 1, 2007, Yang Corporation acquired 25 % of the outstanding shares of Spiel Corporation for $100,000 cash. Spiel Company reported net income of $75,000 and paid dividends of $30,000 for both 2007 and 2008. The fair value of shares held by Yang was $110,000 and $105,000 on December 31, 2007 and 2008, respectively. What amount will be reported by Yang as balance in investment in Spiel on December 31, 2008, if it used the equity method of accounting? 6) On January 1, 2007, Yang Corporation acquired 25 % of the outstanding shares of Spiel Corporation for $100,000 cash. Spiel Company reported net income of $75,000 and paid dividends of $30,000 for both 2007 and 2008. The fair value of shares held by Yang was $110,000 and $105,000 on December 31, 2007 and 2008, respectively. What amount will be reported by Yang as income from its investment in Spiel for 2008, if it used the equity method of accounting? 10) On December 5, 2008, Texas based Imperial Corporation purchased goods from a Saudi Arabian firm for 100,000 riyals (SAR), to be paid on January 10, 2009. The transaction is denominated in Saudi riyals. Imperial's fiscal year ends on December 31, and its reporting currency is the U.S. dollar. The exchange rates are: Based on this information, what journal...
Words: 394 - Pages: 2
...Reforms Update Issue IV August 2002 (Updates in the period: June 2002 to August 2002) India power sector reforms update is a joint initiative of Prayas, an Indian NGO based in Pune, working on power sector issues for a decade and Public Services International (PSI) which is an international trade union federation, uniting public sector workers in more than 500 trade unions in over 140 countries. Our aim is to monitor the power sector developments in three Indian states of Orissa, Andhra Pradesh and Uttar Pradesh. This is the fourth issue of the update covering three months period from June 2002 to August 2002. First issue was a detailed historical overview covering up to October 2001; second update covered the period from October 2001 to January 2002 while the third update covered February 2002 to May 2002. For better understanding it would be desirable if readers also read the earlier updates. Please direct your suggestions and comments to PSI at psiru@psiru.org. Contents Part I: Overview of the Indian Power Sector Part II: Orissa 1. 2. 3. 4. State Overview Regulatory Intervention Private Sector Generation Private Sector Distribution Part III: Andhra Pradesh 1. 2. 3. 4. 5. State Overview Regulatory Intervention State and Central Utilities Private sector Generation Employees and CSIs Part IV: Uttar Pradesh 1. State Overview 2. Regulatory Intervention 3. Private sector in Generation and Distribution References Glossary of Terms ____________________________________________________________ ...
Words: 5753 - Pages: 24
