Profitability ratio Sales have increased by 23.97% in dollar value in FY10 over FY09. But, the Cost of sales has increased only by 17.78%.Earnings Before Tax has increased by 28.81% of revenue in FY10 over FY09. R&D expenses have increased by 32.32% in FY10 over FY09. Total Operating Expense has also increased by 23.47% in FY10 over FY09. Activity ratio Assets turnover ratio has decreased by 13.22% from 0.58 in FY2009 to 0.51 in FY2010. This is due to increase in Property Plant and Equipment and goodwill
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Deposit = $ 162,000 - $ 50,000 = $ 112,000 Paid-in Capital = Fuller’s saving + Sibling’s Investment = $75,000 + $90,000 = $165,000 Question 3 Information required to do profit and loss are revenues, cash of sales, administrative expenses, operating expenses and taxation. Fuller should prepare income statement and cash flow statement to keep track of his business. The financial statements can be done quarterly since it’s a small business but as the business grows, Fuller should do it monthly
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work. 1. Profit and loss statements 2. Invoices 3. Bank Statements 4. Balance sheets 5. Business activity statements What kind of information can you gain from each document? Profit and loss statements: summarizes the revenues, costs and expenses incurred during a specific period of time, usually a fiscal quarter or year. Invoice: record of purchase that allows a customer to pay a company for goods or services they have provided to him. Bank Statements: a printed record of the balance in
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exceed the expense paid up front. VoIP has many different benefits for companies. First a company can save money by eliminating costly fees for making outbound phone calls. Most businesses that use a traditional phone line are set up on a business phone line. Unlike a residential phone line, there are fees for both local and long distance calls. Using a VoIP service can eliminate or minimize both of these fees. Businesses who utilize this service will also save money on travel expenses. VoIP services
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how profitable it can be the business of baseball itself. The case describes five areas in which accounting are in dispute: 1. Roster Depreciation 2. Current Roster Salary 3. Amortization of Signing Bonuses 4. Non-roster Guaranteed Contract Expense 5. Stadium Operations Answers for Who's correct and why? 1. Roster Depreciation The players are correct, since the player roster in a baseball club is the most valuable intangible asset, and this asset can be appreciated and depreciated in the
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as from a depreciation standpoint. Another dispute that occurs between the players and the owners is the notion that a good portion of the players’ compensation becomes a deferred expenditure rather than showing the whole amount as a current expense. However, our class reading points out that deferred compensation must be
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nicole Brooke Powell,White Accounting 8-27-13 Att fiscal year For over a hundred years AT&T has been consistent in providing reliable, innovative, high-quality products and services. AT&T has one of the nation's largest 4G network it covers
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QUESTION 1 |Description of user |Internal or External user |Type of user | |Mr Brown owns all the shares of Builders | | | |(Pty) Ltd. |INTERNAL |OWNER | |Manny’s Hardware (Pty) Ltd is another company|
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Receivable | | 212,895.00 | Accrued Expenses | | 325,000.00 | Accumulated Depreciation - Store Equipment | | 38,980.00 | Accumulated Depreciation - Office Furniture and Fixtures | | 34,651.00 | Accumulated Depreciation - Office Building | | 56,089.00 | Advertising | | 19,975.00 | Allowance for Doubtful Accounts | | 12,584.00 | Audit and Legal Fees | | 35,000.00 | Cash in Bank | | 230,000.00 | Cash on Hand | | 120,368.00 | Delivery Expense | | 20,360.00 | Freight In |
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consider the daily hiring because this one will star to go lower meaning the boat will make less capital. Also she should consider the point in when she can get the most for the boat. Ms. Linn should consider the survey expense as this goes up every 5 years. Lastly the depreciation expense after the 25 years will be none as a result she will not get the tax break she get other
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