CGA-CANADA ACCOUNTING THEORY & CONTEMPORARY ISSUES [AT1] EXAMINATION March 2009 Time: 3 Hours Note: All references to the Handbook refer to the CICA Handbook. Marks 28 Question 1 Select the best answer for each of the following unrelated items. Answer each of these items in your examination booklet by giving the number of your choice. For example, if the best answer for item (a) is (1), write (a)(1) in your examination booklet. If more than one answer is given for an item, that item will
Words: 7728 - Pages: 31
Accounting Cycle Specified In Nine Steps Abstract The accounting cycle is a series of steps repeated in a reporting period. The account cycles consist of nine steps. The series of steps are analyze business transactions, journalize business transactions, post a business transaction, prepare a trial balance, journalize-post adjusting entries, prepare an adjust trial balance, Prepare financial statements, closing account, and post closing trial balance. Each steps has its own purpose to allow
Words: 342 - Pages: 2
which provides strong direct customer and revenue competition to Hulu (streaming video currently offered only to users in Japan and the USA and its overseas territories), Amazon Prime Streaming and Apple's iTunes in the global market (Wikipedia, 2012). If leveraged by Google in the manner explained in the following report, Netflix’s current base of 21.5M subscribers paying $8 per month per contract will add significant profitability. This strategic revenues diversification -- in combination with a
Words: 17829 - Pages: 72
Memorandum Executive Summary Starbucks, one of the most successful specialty coffee brands in North America is facing a dilemma of recent market research, illustrating that the brand is not meeting customer expectations in terms of customer satisfaction. Christine Day, the vice president of administration, devised a $40 million dollar plan to rectify the issues found in recent market research. Increasing the amount of labor hours in the stores will theoretically increase worker production and
Words: 1427 - Pages: 6
Surendar Pal Surendar pal graduated from a technical school and he started materializing the plans for a small business of producing tissue paper. With the increase in the number of hotels, restaurants and food bazaars, he saw a great demand for the product. Surendar started his business on 1st January, 2010 with a capital of Rs.2000000. He also borrowed Rs.100000 from his friends at the interest rate of 12% p.a on the same day. Surendar purchased buildings worth Rs.800000, furniture for Rs
Words: 643 - Pages: 3
Introduction The break-even analysis is the study of revenues and costs of a firm in relation to its volume of sales and specially the determination of that volume at which its costs and revenues are equal to each other. The break-even point (BEP) may be defined as that level of sales of a firm at which its total revenues are equal to its total costs and hence its net income is zero. Break-even analysis discusses about the behavior of total cost and total revenue on the increasing output. Every firm aims
Words: 450 - Pages: 2
Explain the major reasons for the favorable operating income variance of $71,700. 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
Words: 734 - Pages: 3
Summarize the case in one or two paragraphs. Polar Sports, Inc is located in Littleton, Colorado where it manufactures fashion skiwear. The production of skiwear has a unique design where they use special synthetic material that improves insulation and durability. In order to develop market share in a competitive industry Polar Sports, Inc must develop new fabrics and use innovative patterns. Between September and January the company generates over 80% of sales and they depend on seasonal production
Words: 847 - Pages: 4
consumers. There is a similar change with the cost of goods sold, years 6 and 7 was 31.8% and years 7 and 8 was -14.5%. Change is cost of good sold is also a weakness, when the cost of good sold decreases but revenue increases that is a strength in this case the cost of good sold and revenue has decreased. Sales commission has also decreased, sales commission was 33.3% for years 6and 7, then decrease to -15% for years 7 and 8, the weakness can have a long lasting effect on the company. If the salespeople
Words: 5815 - Pages: 24
SWATI JOSHI MG 800 STRATEGIC MANAGEMENT BUSINESS PLAN DATE: 12/11/13 Business Plan: Fitness Bakery Business Plan: Fitness Bakery Executive Summary Introduction Fitness Bakery is a start-up bakery located in the heart of Manhattan. Our bakery is targeting active people living, working or visiting New York. Our bakery will provide the highest quality of ingredients and customer service for the more active branch of our society. We aim to be a completely different bakery by targeting
Words: 2516 - Pages: 11
