BANK RECONCILITAION A. Purpose and importance of bank reconciliation. * Purpose A Bank reconciliation is a process performed by a company to ensure that the company’s records (check register, general ledger account, balance sheet, etc.) are correct and that the bank’s records are also correct. For example, the balance on the bank statement is probably not the amount that appears in the company’s records. In all likelihood the checks written by the company in the days immediately before
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In this case the Japanese advertising powerhouse Dentsu agreed to buy Aegis, an agency company based in London for $4.92 billion in order to expand into more dynamic economies than the sluggish home market, where it books the vast majority of its revenue. This deal is the biggest-ever overseas acquisition by a Japanese advertiser. Due to the saturated ad market in Japan, Dentsu tended to develop globally to find larger market for more profit. As the seventh largest advertising company in the world
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better or worse than the industry ratios. | |MCD |Wendys/Arbys |Better/Worse | |Net Profit Margin |20.33% |0.14% |Worse | |Revenue Growth |4.52% |96.45% |Worse | |Return on Assets |11.41% |0.1% |Worse | 2. (10%) Calculate Wendys/Arbys’ Long Term Debt to
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Tangible assets: Assets which t have physical existence or which are touchable. Ex: Plant and machinery, buildings, furniture etc. Intangible assets: Assets which don’t have physical existence or which are not touchable. Ex: Goodwill, Patents, etc. Share warrants: (Page 74 of Tata steel annual report) A warrant gives the holder the right but not the obligation to buy an underlying security at a certain price, a specified quantity at predetermined future time. A share warrant cannot be issued by
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March 6, 2012 ACCT 231 Carol Smith 2011 | | Company A | | | Apr. 1 | Cash | $ 24,350 | | | Commission Expense | 150 | | | Investment Income/Loss | 500 | | | Investment in Company A | | $ 25,000 | | (Sold Company A shares) | | | | | Company B | | | Dec. 31 | Investment in Company B | 1,000 | | | Investment Income/Loss | | 1,000 | | (Fair Value-Carrying Value=$43,500-$42,500=$1,000) | | | | | Company C | | | Dec. 31 | Cash | 7,500
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81 0.12 0.70 Asset Management 0.00 2.13 0.18 1.46 Manufacturing Productivity 0.00 1.00 0.12 0.76 Financial Risk 0.00 1.00 0.16 1.00 Income Statement – Smart Systems Income Statement Quarter 1 Quarter 2 Quarter 3 Quarter 4 Gross Profit Revenues 0 2,292,030 6,805,030 15,734,725 - Rebates 0 120,625 241,200 524,800 - Cost of Goods Sold 0 1,491,528 4,012,841 8,427,764 = Gross Profit 0 679,877 2,550,989 6,782,161 Expenses Research and Development 120,000 0
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18 6.1 Corporate Organization 18 6.2 Organizational Budget 19 6.3 Management NOTE: 20 7.0 Financial Plan 23 7.1 Underlying Assumptions 23 7.2 Sensitivity Analysis 23 7.3 Source of Funds 24 7.4 General Assumptions 24 Monthly Sales Revenue (PROJECTED) 25 Yearly Sales Forecast 26 7.5 Profit and Loss Statements 27 Executive Summary The Summit, RX Inc. (hereafter, “The Company”) business plan provides the structure and focus against which we can measure future financial positions
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transactions are recorded - A separate account is used for each asset, liability, revenue, expense, gain, loss and capital (owner’s equity) Permanent accounts (or “real” accounts) * Asset, liability, and equity accounts * Appear on the balance sheet * Permanent accounts are not closed at year end Temporary accounts (or “nominal” accounts) * Revenue, expense, and dividend accounts * Revenue and expenses are on the income statement; dividends are on the statement of
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(FASB) have been posted on Desire2Learn in the same folder as the case. Students will receive an extra credit of 5 points for filling out a questionnaire about the case at the end of the semester. The Case of Groupon’s Revenue Recognition: The Bottom Line on Top Line Revenues Groupon is the extraordinary company that has revolutionized the world of coupon marketing. In November 2008, at the age of 27, Andrew Mason, a music major from Northwestern University, launched Groupon – a name that is
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hobby products, based out of Hamilton, ON. They sell their merchandise at both their small store located at the front of their warehouse in Hamilton, and through tool shows that they set-up at various locations across Ontario. The majority of their revenue is obtained via their tool shows, in which they sell their merchandise at reduced costs to the consumer. Trier and Anticic have only been in operations for 6 months; however, they are planning an expansion of their business and are seeking funding
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