CV FASHIONS/T-SHIRT MANIA 2013 BTEC L3 BUSINESS DIPLOMA UNIT 5 BUSINESS ACCOUNTING TINOTENDA MARECHA LAMBETH COLLEGE CV FASHIONS/T-SHIRT MANIA 2013 BTEC L3 BUSINESS DIPLOMA UNIT 5 BUSINESS ACCOUNTING TINOTENDA MARECHA LAMBETH COLLEGE CONTENTS DETAILS PAGE NUMBER PURPOSE OF ACCOUNTING-P1 |
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Conway for another 30 years; scrap the Conway at the end of year 20. Presented below are the relevant cash flows associated with both alternatives. Since ESC was considering other projects with the rate of 10%, each of the above-mentioned options was considered using the same rate of return. (See attached annex for detailed computation) Alternative 1 Year | Specific Item | After-Tax Cash Flows (48%) | Present Value (10%) | 0 | Selling price of Conway (net of tax) | 31,960 | 31,960 | 0 | Selling
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Homework 1 1. Cuda Marine Engines, Inc. must develop the relevant cash flows for a replacement capital investment proposal. The proposed asset costs $50,000 and has installation costs of $3,000. The asset will be depreciated using a five-year recovery schedule. The existing equipment, which originally cost $25,000 and will be sold for $10,000, has been depreciated using an MACRS five-year recovery schedule and three years of depreciation has already been taken. The new equipment is expected
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BUSINESS PROPOSAL Stone Travel International (STI) will begin operations this year and provide adventure and sport/travel packages to people in Toronto, specifically the Ontario area. An opportunity for STI's success exists because the national tourism and travel industry is growing at 4%, and adventure travel at 10% annually. Further, the Ontario adventure travel market is growing at least 12% annually and there are no providers who specialize solely in adventure travel in the Ontario area. STI
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Activity 1 Structure of a Cash Flow Forecast Income This is the money that comes into the business from various sources, which would include: * capital from the owners * bank loan or mortgage * cash sales * credit sales : these customers would be classed as debtors as they owe the business money * Rent * Other Income- this could be, for example, a cash inflow from a certain sale or even an asset which could be a machine that no longer needed. Payments Payments are the
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income taxes.) c. Why did its cash in the bank decline during the three- month operating period? 2. How would you report the financial condition of the business on June 30, 2006? 3. Do you believe Carmen’s first three months of operation could be characterized as “successful”? Explain your answer. 1. a. By the end of June 30, 2013, the sales for the 3 months is the cash sales ($7,400) and credit sales ($320). The net sale is $7,720. The net sale form Cash sales Credit sales Net sale $7
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Directly or indirectly, financial reporting measurements of performance and financial position affect almost every party. The dispute now surrounds the question of measurement method in financial reporting to as whether a traditional basis of measurement, which is the historical cost should be use or a new basis which is the fair value should be considered. Historical cost accounting records the value of an asset on the balance sheet as the price at which it was originally purchased, which is the
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What Value Really Means Something that has value is usually seen as having some sort of worth. There are values with a big price tag, and there are values that are priceless. You probably value people with qualities like caring, compassion, good work ethic, responsibility, trustworthiness, etc. Also, you may put value in photographs, memories, heirlooms, and many more; these can be worthless to some and mean the world to others. To one person an object or memory could be priceless. Other
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Financial and Managerial Accounting Prof. dr. Véronique Weets Assistant Filip Sans Master of Management Your name: Your marks:/20 Written Exam /300 Part 1: Theory & Understanding /150 Open Questions /50 Solve the following questions. Do not use more than the allowed space. Write legibly. Note that marks will be subtracted for irrelevant information and incorrect information. Major mistakes can lead to zero points on the question even if there is also correct information
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