JET2-Task1 A.1.a Horizontal analysis Horizontal analysis is essentially an analysis on the trend of the financials of the company. It shows changes in the amounts of the amounts over a period of time. In the financial statement provided, the horizontal analysis is between years six and seven, and years seven and eight; respectively. When analyzing the income statement provided with the task, several strengths and weaknesses are very apparent. They will be broken down individually and analyzed
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LONDON MINERAL WATER COMPANY INCOME STATEMENT FOR MONDAY £ Revenues 420 This is the value of goods sold, i.e. all 350 bottles that you have sold even though some have not yet been paid for. The amount still to be paid – the Debtor of £60 – is included in the Balance Sheet. (Transaction 4) Less Cost of Goods Sold (175) This is the cost to you of the 350
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我呢一份筆記記錄左AL pastpaper，HSSC papers同其他題目既tricky位，只要你考前睇一睇，記一記notes 寫的tricky位。對於經常番抄的學校題目同公開試題目，就自然得心應手，輕易拿得高分。 ★★ Paper 1 financial accounting 分開2 parts - (1)topic notes (over 100pages; $80) (2) pastpaper analysis (about 20 pages; $20) ★★ Paper 2 cost accounting 只有1 part - (1) pastpaper analysis (about 20 pages; $20) 歡迎留email，拎Sample。 General reminders |If mark-up or margin are given, the questions may require | |to find
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Unit 1 Introduction to Financial Accounting Learning Outcome After reading this unit, you will be able to: • Explain succinctly financial accounting concepts • Elucidate on different principles of financial accounting • Explicate the importance and scope of financial accounting • Understand Generally Accepted Accounting Principles(GAAP) • Identify limitations of Financial Accounting Time Required to Complete the unit 1. 2. 1st Reading: It will need 3 Hrs for reading a unit 2nd Reading
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Inventory Turnover Asset Turnover Dividend Yield Gross Margin Net Profit Margin Return on Assets Return on Equity formula current asset − inventory current liability current asset current liability long term debt shareholder′ s equity total liability shareholder’s equity EBIT1 interest expense (net financial cost) net sales2 average net account receivable Cost of goods sold net sales average total assets dividends per share4 market price per share gross profit net sale EBIT (before significant items) net
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Profit and loss/ Balance sheet/ Ratios (P5+P7) In 2009 ‘The Lost in Space T-shirt Company’ has only made £81,225 compare to the previous year when they have made 148,000. This shows that their profit has dropped over £66,775 in a matter of only a year. Furthermore there is an also drop in Gross profit for £170,000 what means that company didn’t manage to sell as many goods as in 2008 when their profit was £920,000. Sales revenue have increased in 2009 from 2,250,000 in 2008 to 2,280,000. This
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gauge the operation efficiencies of the company. In general, the analysis shows that, between Year 6 and 7, Competition Bikes, Inc. had a large growth in new earnings that was not capitalized in Year 8. The Net Earnings has moved from a positive 313.4% down to a -81.6% loss. This will be evaluated in detail below. A.1.a. Horizontal Analysis Results Horizontal Analysis is the comparative analysis of each line item across the timeframes of the company and is calculated in dollars and percentages
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products under various names. The company markets its products to wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, and the U. S. military and fund-raising charitable organizations. Tootsie Roll Industries was founded in 1896 and is based in Chicago, Illinois. The Hershey Company, together with its subsidiaries, engages
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Essential of Finance – Glossary Accounts payable (A/P). Money owed by the firm to agencies and suppliers. Accounts receivable (A/R). Money owed to a company for goods or services sold. The figure is important in determining a business's ability to meet its financial obligations. Accrual accounting. An accounting method whereby income and expenses are booked when they are incurred, regardless of when they are actually received or paid. Revenues are recognized during the period in which the
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Source: Small Business Management What is ratio analysis? The Balance Sheet and the Statement of Income are essential, but they are only the starting point for successful financial management. Apply Ratio Analysis to Financial Statements to analyze the success, failure, and progress of your business. Ratio Analysis enables the business owner/manager to spot trends in a business and to compare its performance and condition with the average performance of similar businesses in the same industry
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