| | | | | | | PART I — MULTIPLE CHOICE (45 points) Instructions Designate the best answer for each of the following questions. ____ 1. When a customer returns goods for credit, the seller should a. credit Accounts Payable. b. credit Accounts Payable. c. debit Accounts Receivable. d. credit Merchandise Inventory ____ 2. Credit terms of 3/10, n/30 mean that a(n)
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capital |Rs.90,000 | |Current ratio |1.5 | |Quick ratio |0.9 | |Gross profit margin |20% | The inventory turnover ratio for the company is |(a) |2 times | |(b) |3 times
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Finance Revenue & Profit Comparison As of may 31st 2015 the Carnival cruise company has had their second quarterly total revenue to be at $3.59 billion. This is an overall increase of $59,000 from last quarter’s revenue. During this quarter they have beaten out one of their biggest competitors “Royal Caribbean” by a total of $1.77 billion in total revenues. Last year Carnival had total revenue increase from the previous year from $15.456 billion to $15.884 thus beating Royal Caribbean by an
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Question 1 – Company History, Policies & Reviews 1. What is the core business of Pacific Brands Ltd? |Pacific Brands Ltd is marketing a series of brands, covering Underwear, Hosiery, Work | |wear, Home wares, Footwear, Outerwear and Sport. Its main concern is on how to allocate | |the limited resources efficiently among these brands in order to generate the most profit from
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accounting of recording sales and profits twice. Consolidated net income will be unaffected. 2. The effect of eliminating profit on intercompany sales after deducting selling and administrative expenses rather than gross profit is to include selling and administrative expenses associated with the intercompany sale in consolidated inventories. Support for the gross profit approach is based on the proposition that consolidated inventory balances should include manufacturing costs only and that generally accepted
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Team C has selected Walmart to conduct a comparative and ratio analysis to measure the company’s profitability and liquidity. Team C will use the following profitability ratios: earning per share, price earnings ratio, return on assets ratio, gross profit rate, asset turnover ratio, payout ratio and return on common stockholders’ equity ratio to analyze Walmart’s profitability over the last three years 2014, 2013, and 2012. In addition, to this Team C will use the following liquidity ratios:
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PRINCIPLES OF ACCOUNTING INDIVIDUAL ASSIGNMENT Name: Bùi Xuân Minh Roll ID: 00241 Analyzing 2010 annual financial reports of PVFC Company Entity’s full name Petro Vietnam Fertilizer and Chemicals Company (PVFCCo.) Principal activities The principal activities of the Corporation and its subsidiaries are to produce and do business in fertilizer, liquid ammonia, industrial gas, other chemicals; technical services relating to production and trading of fertilizer and other related chemicals
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expenses, and other line items of financial statements over the course of time. Horizontal analysis of financial statements can be performed on any of the item in the income statement, balance sheet For example, this analysis can be performed on revenues, cost of sales, expenses, assets, cash, equity and liabilities. It can also be performed on ratios such as earnings per share (EPS), price earnings ratio, dividend payout, and other similar ratio. Horizontal Analysis from the income statement: 1. Net Sales:
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considered to be all property or valuable rights that are owned by the company. Assets can include items such as property, cash, and inventory. Liabilities are the financial debts and obligations owed by the company. Items in the liability section can include accounts payable and long term debt. The shareholders’ equity is the difference between the total assets and total liabilities and represents the residual value of the company, after liabilities, to the shareholders’. The most common items shown
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------------------------------------------------- Top of Form Grading Summary | These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 1/29/2012 | Time Spent: | 2 h , 45 min , 16 secs | Points Received: | 129 / 150 (86%) | | Question Type: | # Of Questions: | # Correct: | Essay | 7 | N/A | | | Grade Details | 1. | Question : | (TCO D) A classmate
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