and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner (subject to taxation specific to the business). All assets of the business are owned by the proprietor and all debts of the business are the proprietors'. This means that the owner has no lesser liability than if he was acting as individual instead of a business. It is a "sole" proprietorship in contrast with partnerships. A sole proprietor may do business with a trade name other
Words: 1139 - Pages: 5
excellent customer service and attention (Kerzner, 2013). The sales for the Luxury Homes projected in year one will have a moderate growth by year 3. Stakeholders for the Project The Luxury Homes Real Estate Company will be created as a Limited Liability Corporation owned by its principal investors, Bradley Williams, Diana Smith and Nathan Scott. Bradley Williams will be the acting CEO and hold a 30% stake in the company. Diana Smith will be the interim CFO holding 30% shares of the enterprise as
Words: 2191 - Pages: 9
are expected to grow constantly. Objectives The study aims at analyzing the working capital management of FMCG (fast moving consumer goods) Sector in India. The main objectives are: To analyze the working capital trends in FMCG sector; To discover the relative importance of various current assets components; To draw conclusion on the effectiveness of working capital management; To study: How the companies handle debtors how they handle inventories How they
Words: 5394 - Pages: 22
East Coast Yachts Financial Ratios | Current Ratio | 0.75 times | Quick Ratio | 0.43 times | Total Assets Turnover | 1.54 times | Inventory Turnover | 19.22 times | Receivables Turnover | 30.77 times | Debt Ratio | 0.49 times | Debt-Equity Ratio | 0.96 times | Equity Multiplier | 1.96 times | Interest Coverage | 7.96 % | Profit Margin | 7.51 % | Return on Assets | 11.57% | Return on Equity | 22.7% | 2. Performance of ECY to the industry as a whole. Financial Ratios
Words: 2126 - Pages: 9
1. List and describe the four basic financial statements included in a corporate annual report. The balance sheet shows the financial position—assets, liabilities, and stockholders' equity—of the firm on a particular date, such as the end of a quarter or a year. The income statement presents the results of operations—revenues, expenses, net profit or loss and net profit or loss per share—for the accounting period. The statement of shareholders' equity reconciles the beginning and ending balances
Words: 1334 - Pages: 6
Depreciation Pg. 5……………………………………………………………………………………………..Intangible Assets Pg. 6…................................................................................................Figure 3: Intangible Assets Pg. 7………………………………………………………………………………………………Impairment Pg. 7………………………………………………………………………………………………Current Liabilities Pg. 8………………………………………………………………………………………………Figure 4: Current Liabilities Pg. 8………………………………………………………………………………………………Contingent Liabilities Pg. 9………………………………………………………………………………………………Subsequent Events
Words: 2965 - Pages: 12
Business Management 2 (Part-time) SBM2111 TEST1 12 March 2011 Surname_________________________________ Initials_________ Student No.________________________ INSTRUCTIONS 1. Hand-in this question paper with your answer sheet. Failing to hand in the question paper will be PENALISED BY 100% 2. Complete your answers on the attached Multiple Choice Answer sheet - DO NOT RECORD ANSWERS ON THE QUESTION PAPER 3. Use a BLACK PEN or HB pencil to complete your answers. Make sure your choice
Words: 2116 - Pages: 9
acquired. Individual fair value of land is 21 million and for the buildings and machinery 7 million. In process Research an Development submited to FDA for aproval has a fair value of 15 millions Baked Beans trademark has a 3 million value. Management will not use nor sell the trademark. Trademark has a carrying value of 2 million ind Baked Beans financial statements. Financial Reporting Issue: Business combinations Discussion of financial reporting issue: First of all we need to determine
Words: 4422 - Pages: 18
015 financial report for the Half-Year Ended 31 December 2014 page contents Directors’ Report Auditor’s Independence Declaration Independent Auditor’s Review Report Directors’ Declaration Condensed Consolidated Statement of Profit and Loss Condensed Consolidated Statement of Comprehensive Income Condensed Consolidated Statement of Financial Position Condensed Consolidated Statement of Changes in Equity Condensed Consolidated Statement of Cash Flows Notes to the Condensed
Words: 4549 - Pages: 19
KAMDAR (Batch 2008-10) Guided By: Prof.R.GANESHAN MAHARASHTRA COSMOPOLITAN EDUCATION SOCIETY’S PAI INTERNATIONAL CENTRE FOR MANAGEMENT EXCELLENCE CAMP PUNE-411001 1 Maharashtra Cosmopolitan Education Society’s PAI International Centre for Management Excellence CERTIFICATE This is to certify that FURKAN Y.KAMDAR student of PAI INTERNATIONAL CENTRE FOR MANAGEMENT EXCELLENCE, Maharashtra Cosmopolitan Education Society, Pune has completed his field work at ULTRA TECH CEMENT LTD on the topic
Words: 15740 - Pages: 63
