53 times and with a minor increase of 0.1% in 2013 it goes at 1.54 times. Apart from the turnover from overall assets we can see that the use of plant property and equipment has a decreasing trend from 2010 to 2013 in 2010 the rate of benefit was 1% but it dropped to 0.86% by 2013 which tells that other assets gave more and the plant property and equipment gave less benefit. Where as the capital employed for 2010 gave a return of 18% in 2011 the return was of 30% that was way too efficient but unfortunately
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and Equivalents $3,421,000 $4,269,000 1 25% Accounts Receivable 8,319,000 8,786,000 1 6% Inventory 1,574,000 1,571,000 -1 0% Other Current Assets 1,855,000 2,132,000 1 15% Total Current Assets 15,169,000 16,758,000 1 10% Property Plant & Equipment 47,054,000 50,023,000 1 6% Goodwill 27,881,000 27,826,000 -1 0% Intangibles 12,759,000 13,355,000 1 5% Other Long-Term Assets 857,000 832,000 -1 -3% Total Assets 84,186,000 88,182,000 1 5% Liabilities
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purpose of resales. Some of these assets are often called “property, plant and equipment” and are usually kept for longer than one accounting period. These assets come at a considerable expense to the business, so they require adequate controls to be implemented to protect them. A suitable control system includes procedures addressing the following issues: • Purchasing of assets • Administrative controls • Property, plant and equipment register Acquisition of Assets It is pleasing that
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| Exercise 2: Martel plc Martel Plc Statement of Cash Flows Year ended: 31st December 2012 £m Cash flows from operating activities Net profit before tax 427 Adjustments for Depreciation 292 Profit on sale of plant (8) Interest expense 52
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15, 2015 ENTERPRENEUR Introduction We decided to initiate a cleaning company under the name Cleaners D’Shining (CD’S). The company which counts with stuff who are highly trained and experienced will provide standard services that include general property cleaning, including offices, lobbies, and public areas. Detailed elevator cleaning, including tracks, walls, maintenance for resilient and non-resilient flooring, including: Tile, Ceramic, Granite, Concrete, Stripping, Waxing and Buffing floors,
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liabilities of Riordan officers and directors. Riordan Manufacturing was started and founded by Dr. Riordan, a professor of chemistry. The company focused on research and development of plastic substrates. In 1992 the company purchased a fan manufacturing plant in Pontiac, Michigan. In the year 2000, the fan operation was moved to China. The corporate headquarters that include research and development is located in San Jose, California. Plastic beverage containers are produced in Albany, Georgia and custom
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TRUE-FALSE STATEMENTS 8. Closing entries are not needed if the business plans to continue operating in the future and issue financial statements each year. 9. The dividends account is closed to the Income Summary account in order to properly determine net income (or loss) for the period. 10. After closing entries have been journalized and posted, all temporary accounts in the ledger should have zero balances. 11. Closing revenue and expense accounts to the
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ExxonMobil 2011 Financial Statement Analysis and Assessment Shepherd University Abstract ExxonMobil Corporation is one of the World’s largest companies by both gross revenue and net income. Total revenue finished at $486.4 billion for 2011 and net income was $41 billion, increases of $103.2 billion and $10.6 billion respectively. ExxonMobil continues to see solid returns in both their Upstream and Downstream business areas; while the Chemical business area after a major earnings increase
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ACCOUNTING STANDARDS BOARD FEBRUARY 1999 FRS 15 FIXED ASSETS ACCOUNTING STANDARDS BOARD FINANCIAL REPORTING TA N G I B L E STANDARD 15 Financial Reporting Standard 15 ‘Tangible Fixed Assets’ is issued by the Accounting Standards Board in respect of its application in the United Kingdom and by the Institute of Chartered Accountants in Ireland in respect of its application in the Republic of Ireland. FIXED ASSETS ACCOUNTING STANDARDS BOARD FINANCIAL REPORTING
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Auckland Chamber Fact File - Cafes and Restaurants CAFES AND RESTAURANTS If at any time you are in doubt about where to go next for business assistance, or you need further in-depth explanation on some of the organisations listed below, contact the Auckland Chamber of Commerce on 0800 242 6237. REGULATIONS Running a food outlet is a big responsibility. A mistake or problem can directly impact the health of your customers very quickly. Compliance with the relevant legislation is a crucial
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