contributing the deposit mix of the branch since it is a low cost deposit. No sharing of interest income on UPAS payment & USD Purchase: The L/C of Saiham Cotton Mills Ltd. and Faisal Spinning Mills Ltd. is opened either UPAS arrangement or EDF arrangement as per Corporate Office’s approval ref: BA/CO/CRM(CACO)/AHH/eS/2013/0813 dated 20.10.2013. In case of UPAS, we do not earn any interest income at the time of payment of L/C by the client to OBU though our proposal was to take share 2% rate of
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SOLUTIONS Multiple Choice Questions: 1. Which of the following statements about finance, accounting, and financial management is most correct? a. Accounting is of no value in decision making. b. Accounting provides the theory and concepts necessary to help managers make better decisions. c. Financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization. d. The primary role of finance is to plan for, acquire
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McDonald’s Corp has been experiencing some difficult times. Their fourth quarter profits have declined, from 1.4 billion the previous year and revenue has also fallen by almost 10%. It is shocking that the “world’s largest restaurant chain by sales,” quoted almost a 25% drop in earning in the 4th quarter. This decline has come as a result of the following challenges that are expected to last well into the first half of 2015- changes in consumer taste as well as McDonald’s mistakes with its menu
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Consolidated Income Statement 2014 Revenues 100.00 Cost of Sales -55.23 Gross Profit 44.77% Demand Creation Expense -10.90 Operating overhead expense -20.63 Selling & Administrative Expense -31.53% Restructing charges Goodwill impairment Intangible & other asset impairment Operating income 13.24% Interest income 0.02 Interest expense -0.14 Interest (expense) net -0.12% Other income (expense) net -0.37 Income before income taxes 12.75%
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internal pressure to ever operate efficiently and deliver billion-dollar growth businesses every year. The pressure imposed requires the organization to attain multiple efficiencies and satisfy existing customers without threatening the existent net income levels. The disadvantage lies in the organizational pursuit for increase in profits as opposed to disruptive innovation. Usually attributed to the challenge of creating new revenues will enhancing earnings. Being the product manager and ensuring
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Responsibility Accounting - an accounting information system and a managerial control device that involves: 1) identifying responsibility centers with their corresponding objectives 2) developing measures of achievement of such objectives 3) preparing/analyzing reports of such measures by the responsibility centers Responsibility Center -a sub-unit of an organization, such as a department, division, plant, business process or any segment whose manager
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Name: Tutor: Course: Date: Should people who download music and movies illegally be punished? The number of illegal movie and music downloads has steeply risen over the past decade. Music and movie producers invest immense time and resources in production hoping to not only recoup their investment but also earn profits. Neither music nor movies are spontaneously created. It is only logical that users pay for them and not exploit the producers through free illegal downloads. As a result, people
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OVERVIEW Overview of GST GST (good and service tax), other words it also known as VAT (value added tax). It have implemented in many countries throughout the world. Currently there are 170 counties in the world that have implemented GST /VAT. NO REGION No of country 1 ASEAN 7 2 Asia 19 3 Europe 53 4 Oceania 7 5 Africa 44 6 South Africa 11 7 Caribbean, Central and North America 19 Table 1: No of countries implement GST/VAT Sources:
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Trading profit and loss reliefs won’t be included in January. All income has to be gross. Interest received = Net income x 100/80 (because tax is 20%) = amount of interest before tax Non saving income of £3,000 and £40,000 = 3000X20% = 600 34,370 X 20% =6874 40,000- 34,370 X 40%= 2,252 TOTAL= 9,126 You need to take the non-savings (other income) income column first then the savings income then the dividend savings Non saving income of £1,000 and £1,000 savings= 1,000x 20% =£200 Savings £1,000
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employees that cost a total of 46,080 annually. Our overhead expenses are 11,300, for a net income of $147,620. Our expected payback period is 5 years at 5%; investors will receive $3,750 in interest for a total payback amount of $78,750 with monthly payments of $1,312.50. The income statement for the fiscal year for OSC is listed below. Organic Smoothie Company | | Income Statement | | | | | | | | Revenues: | | | Sales Revenue
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