of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list would generally be reported as intangible assets in the balance sheet. (b) Indicate how, if at all, the items not reportable as intangible assets would be reported in the financial statements. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering activity required to advance the design of a product to the manufacturing
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account for these rights. 1) The inventory model: when the emission credits are received as a grant from the government, they should be accounted as inventory and measured at historical cost or the fair market value at the date they were issued. Under this treatment, emission rights will be classified on the balance sheet based on the year of expected usage (“Accounting for Emission Rights” 5). The income statement is not affected at the date of the
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Janmar WS #6A: Financial Implications of a 20% “Price Cut” Current Income Statement Income Statement after Price Cut Revenue** 100 80 Variable costs 65 65 Contribution 35 (35%) 15 (18.75%) ** All numbers indexed to 100 for revenue before the price cut. Required volume increase to B/E = X/(CM-X) x 100 In J.C. case, required volume increase = -18.93%
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Pro forma income statement Profitability analysis and Break-Even Point analysis Pro forma balance sheet and financial need assessment 1 Business Plan Financial feasibility Pro forma balance sheet and financial need assessment: • Pro forma balance sheet • Financial needs assessment • Sources of funds 2 Pro forma balance sheet - Structure RECLASSIFIED BALANCE SHEET 1) CONVERTIBILITY INTO CASH / MATURITY DATE Assets Liabilities and shareholders’ equity time
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TASK 1 1.1 SOURCES OF FUNDING AVAILABLE TO BUSINESS AND SERVICES INDUSTRIES There are many ways the Hong Kong government can fund the theme park. The Hong Kong SAR Government offers many different types of loans and funding schemes to support and promote the development of businesses (SMEs) in Hong Kong. The government makes investment through tax proceeds by applying economic systems. Another way of funding is to investment from general public borrowing. Advantage from the general public borrowing
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records as expenses, the full cost of the cleaning supplies when they are purchased, rather than each monthly accounting period as they are used, is an application of the: 4. Oliver Enterprises buys a new stamping machine for $10,000 at an auction held by a company in bankruptcy proceedings. The machine is a very good deal; Oliver would have paid about $12,000 to buy it in the open market. Which of the following statements best describes the application of the historical cost concept? 5. Tournas
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1. Describe the nature of balance sheet or statement of financial position. The balance sheet is a financial report that is created from the trial balance. When preparing the balance sheet, the trial balance is used as a starting point. All trial balance accounts are aggregated into balance sheet elements. The balance sheet provides a snapshot of a company’s financial position on a given date. This report contains a total of all assets, liabilities and shareholders’ equity. The most important
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Material Cost Classifications Consult Ch. 6 & 7 of Health Care Finance and other sources to complete the form. This worksheet requires you to match the definitions and examples of types of cost, and the types of centers where costs occur. Part 1: For each term in Column A, select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term. Column A F 1. Indirect costs A 2. Direct costs D 3. Fixed costs I E H
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preparing business strategies: To survive in today's highly competitive business environment, any organization must achieve, at least temporarily, a competitive advantage. A low cost/price strategy: focuses on providing goods, services at a lower cost than the competition. This strategy requires as well a tight cost-control system, benefiting from economies of scale in production and experience curve effects. Differentiation strategies: The firm ability to offer products and services that are
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It’s the buzz “People will pay for anything” Less than 2% of the population live on farms “It worked last year” There is a demand Incomes and populations have increased Pros and Cons PROS Income Educational People-oriented Fun CONS Cost Marketing People business Liability . . . Regulations Long hours Labor Management Different Agritainment Steps to Consider: Goals and philosophies (profit vs. non-profit) Market research . . . Market development People skills Site selection
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