according to the rule of arithmetic. Statistics: A branch of mathematics dealing with the collection, analysis, interpretation & presentation of masses of numerical data. THE Accounting Equation (Common version of the equation) Assets= Liabilities + Owners Equity “A=L+O” (Extended Version of the
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income/Average No. of outstanding shares | | 2011-$2.00 = 60,000/30,0002012- $2.12=70,000/33,000 | | B. Working capital. | | Working capital = current assets - current liabilities | | 2011- 85,000 = 155,000-70,0002012- 113,000 = 188,000- 75,000 | | C. Current ratio. | | Current ratio = Current assets/Current liability | | 2011 :2.2 =155,000/70,0002012: 2.5 = 188,000/75,000 | | D. Debt to total assets ratio. | | | | Debt to total asset ratio = Total debt/Total assets | |
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High Art, Low Value – How a Connoisseur Became a Convict Lawrence Fairbanks, the assistant vice-chancellor of communications at Aesop University was allowed to make purchases for his department of under $2,500 without external approval. Unfortunately, he sometimes also bought items for himself, which included expensive antiques and other collectibles. How did he do it? He replaced the vendors’ invoices that he received with fake vendor invoices. He was the one who created these fake vendor
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|550,000 | | | Goodwill |196,000 | | | Liabilities | |230,000 | | Ordinary Share Capital | |516,000
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Mid-Term Examination #2 ADM 3349 B AUDITING THEORY November 18, 2009 Professor: B. Church | | |INSTRUCTIONS | | | |1. Books and notes are not permitted.
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Financial Statements Analysis Project By Mayra Mangual Contents Research Summary 3 Appendix B: Research Summary 3 About Kohl’s Corporation 5 Inventory cost-flow assumption 7 Depreciation method 7 Major Operating Segments 7 DuPont analysis of Competitors 8 Company News 9 Financial Statement Analysis 10 Balance Sheet Analysis 10 Income Statement 13 Statement of Cash flows 16 Asset Management 17 Ratio Analysis 20 Appendix 1: 24 Consolidated Statement of Financial
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Cash Net income A -100 0 B 0 -20 C 0 1300 D 800 800 E -2500 0 F 0 -600 4-2a VOGEL CONSULTING Trial Balance June 30, 2012 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Prepaid Insurance 2,880 Supplies 2,000 Equipment 15,000 Accounts Payable $ 4,230 Unearned Service Revenue 5,200 Common Stock 22,000 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 2,000 $39,730 $39,730 A) Supplies
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liquidity ratios, debt/solvency/leverage ratio, activity/efficiency ratio and profitability ratio. The liquidity position of the company was not bad in any of the two years, but in 2010 the per unit current asset available for per unit current liability had decreased. The company’s cash is hand was very high in 2010. Which enhanced the company’s cash position ratio in 2010. Among the ratios calculated, profitability ratios are the simplest.Little financial knowledge is necessary for understanding
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Assets Product/Brand Segments Airline Geographic Segments Worldwide Liabilities & Shareholders' Equity + Accounts Payable + Short-Term Borrowings + Other Short-Term Liabilities Total Current Liabilities + Long-Term Borrowings + Other Long-Term Liabilities Total Long-Term Liabilities Total Liabilities + Total Preferred Equity + Minority Interest + Share Capital & APIC + Retained Earnings & Other Equity Total Equity Total Liabilities & Equity Source: Bloomberg FY 2013 2013-12-31
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accounts below (e.g. Assets, Liabilities or Stockholders’ Equity) a. Accounts Payable Liability b. Preferred Stock Stockholder Equity c. Office Supplies Assets d. Accounts Receivable Assets e. Machinery Assets f. Notes Receivable Assets g. Cash Assets h. Mortgage Payable Liability i. Inventory Assets 2. Determine the missing amounts. j. Assets $500,000 Stockholders’ Equity $150,000 Liabilities $350,000 k
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