1. Main similarities between Costco and Target They both operate in the supermarket industry; however they have quite different approaches: a. Costco: Operates membership warehouses, offering low prices in a limited selection of products that can be offered thanks to high volume purchases and inventory turnover. Additionally there are lower labor costs due to lees handling of inventory, self service facilities. b. Target: Broad range of merchandising, online services, tries
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Financial & Managerial Accounting Instructor: Alexis Kythreotis Financial statements according to IFRS: 1.Balance sheet/Statement of financial position …A list of all assets owned , all liabilities owed by a business and Owners’ equity, as at a particular date. Basically, it is a snapshot of the financial position of the business at a particular moment (it does not cover a period). …An asset is something valuable which a business owns or can use. According to IFRS/IAS an asset is a resource
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Chapter 2: Recording Business Transactions 1. Which of the following accounts is NOT an example of an asset? A) Accounts receivable B) Cash C) Building D) Notes payable Which of the following accounts is NOT an example of a liability? A) Wages payable B) Notes payable C) Accounts payable D) Accounts receivable Which of the following accounts is NOT an example of an owner’s equity account? A) Drawing B) Capital C) Additional investments D) Cash Accountants first record transactions in the: A)
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The first major reason for the favorable operating income variance of $71,700 is that there have been higher sales volume than that forecasted. Essentially, higher sales volume has been responsible for the favorable operating income variance. The actual net sales are $9,657,300, whereas, the budgeted sales volume was $9,645,300. On the other hand unfavorable variance due to operations have actually decreased the favorable operating income variance by $46,000. Specifically, the major reason for the
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Caledonia Products Integrative Problem 1. Why should Caledonia focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project? Free cash flows are being focused on because it the amount that Caledonia will receive and they will be able to reinvest that amount. Caledonia should analyze the free cash flow so that they are able to see the real amount of value or what the cost may be. The marginal value from the project would
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Executive Summary “Bukayo” Sweets is a dessert located in the rural area like Barangay Bogña. We can loosely be described as a pride desert where customers will enjoy its yummy taste. We will interact with our customers to have a better relationship with the customer. “Bukayo” Sweets will hold true to its vision of being present in every meal that everyone loves to eat. Unlike other places each of them has a product that they have been proud of, like the “Durian in Davao” the “Mango in Batangas”
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MAJOR FUNDS DETERMINATION 1 MAJ0R FUNDS CONCEPT • A COMPROMISE BETWEEN THE MINIMUM SCOPE AUDIT AND THE FULL SCOPE AUDIT! 2 MAJOR FUNDS CONCEPT • MAJOR FUNDS MUST BE REPORTED SEPARATELY • NONMAJOR FUNDS REPORTED IN THE AGGREGATE IN A SINGLE COLUMN • A BALANCE SHEET TEST OR AN OPERATING STATEMENT TEST 3 IDENTIFYING MAJOR FUNDS •THE GENERAL FUND •THIS FUND IS ALWAYS MAJOR •OTHER FUNDS (BALANCE SHEET OTHER TEST OR OPERATING STATEMENT TEST): 4 IDENTIFYING MAJOR FUNDS
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Week Two Student Guide This week, you learn about the concept of liabilities of financial accounting. The definition of liabilities, current liabilities, and long-term liabilities are covered. The assigned readings clarify the difference among accounts payable, notes payable, accrued expenses, depreciation, and amortization procedures. This week, you gain insight into the methods used for presentation and analysis of long-term liabilities and how those journal entries are calculated and recorded
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College: Rims International School of Business & Technology (Mumbai), India. Course: BBA - HNC – 1st Semester. Subject: Managing Financial Resources & Development Roll No: 7 Student name: Zain Sajjad Merchant | | UNIT | Unit 2- Managing Financial Resources & Decisions | Course | HNC | LECTURER | Mr.Parvez Ahmad | VERIFIER | Ms Reena Cliffton | HAND OUT DATE | 15.10.’10 | SUBMISSION DATE | 27.11.’10 | STUDENT | Zain Sajjad Merchant | TERM | Dec 2010 | ASSIGNMENT
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ASSIGNMENT COVER SHEET Student I.D: L0484LMLMM0212 Surname: Bessa First Name: Wajdi Module Code: 201202-MBA1-MSE Module Name : Management skills and entrepreneurship Programme: MBA intake 1 Submission Date : 20 April 2012 Business Plan | April 19 2012 | SANDWICH DELIVERY COMPANY | WB DELI | Contents 1/
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