Period Ending | Sep 25, 2010 | Jun 26, 2010 | Mar 27, 2010 | Dec 26, 2009 | | Assets | Current Assets | | Cash And Cash Equivalents | 11,261,000 | 9,705,000 | 10,018,000 | 7,609,000 | | Short Term Investments | 14,359,000 | 14,583,000 | 13,137,000 | 17,187,000 | | Net Receivables | 11,560,000 | 7,615,000 | 4,028,000 | 4,270,000 | | Inventory | 1,051,000 | 942,000 | 638,000 | 576,000 | | Other Current Assets | 3,447,000 | 3,188,000 | 4,515
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financial statements. Economic and social factors are left out. Thus the financial position disclosed by these statements is not correct and accurate. 2. The profit revealed by the Profit and Loss Account and the financial position disclosed by the Balance Sheet cannot be exact. They are essentially interim reports. 3. Facts which have not been recorded in the financial books are not depicted in the financial statement. Only quantitative factors are taken into account. But qualitative factors such
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the following statements is not true? A. Expenses increase stockholders' equity. B. Expenses decrease stockholders' equity. C. Expenses are a negative factor in the computation of net income. D. Expenses have normal debit balances. 8) All of the financial statements are for a period of time except the A. income statement. B.
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Analysis of the Financial Statements of Star Cruises Limited Executive Summary Star Cruises Limited provides cruise service to the Asia-Pacific region as well as certain investment into resorts and casinos in Macau as well as in Philippines. The year 2008 was an eventful year for Star Cruises Limited (Star Cruises), with events such as the overwhelming financial crisis which had affected Star Cruises, as well as the deemed disposal of the Norwegian Cruise Line Corporation Ltd (NCLC), where NCLC
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MJ Metal Works (logo here) Jamie Wilson 119 CR 106 Leesville, TX 78122 jwilson@mjmetalworks.com 830-491-8618 Executive Summary MJ Metal Works is a manufacturer of custom BBQ pits, metal art, and welding facility. We build one-of-a-kind custom BBQ pits of different shapes, sizes, and needs. We also make metal art such as crosses, custom gates, candle holders, and metal cutouts. We are a family owned business that sells to families and businesses. By provide custom made products at competitive
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Acquisition Debt Debt incurred to construct, improve or acquire a principal or secondary residence. A home mortgage is the primary example of acquisition debt. Private equity Investments are primarily made by private equity firms, venture capital firms, or angel investors, each with their own set of goals, preferences, and investment strategies, yet each providing working capital to a target company to nurture expansion, new product development, or restructuring of the company’s operations
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| BLO 2205 Corporate Law | Assignment | | Student Name: QI DI | Student ID Number: 3812696 | Synopsis The aim of this essay is to help company have deep awareness about dividend paid out of profit through discussing about what consist of profit, what is profit in legislation, the rules of case law that companies should obey to pay dividend legally and some relevance of accounting standard. This essay is divided into five parts. First of all, an introduction will be given
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4.1: Sunnyvale Clinic: Balance Sheet December 31, 2007 and 2006, p. 96 Using Tables 3.1 and 4.1, calculate the 12 ratios for both years: 2006 and 2007. Note that the terms differ slightly in the Gapenski text, so I am providing the formulas using Gapenski's terminology to avoid confusion. A. Common Liquidity Ratios 1. Current ratio = Total Current Assets in Balance Sheet / Total Current Liabilities in Balance Sheet 2. Days Cash on Hand = Cash in Balance Sheet / [(Total Expenses
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Introduction Going concern Accruals Consistency Prudence Objectivity Duality Entity Cost Monetary Measurement Materiality Realisation Stable money Conclusions Accounting Concepts and Conventions Introduction Accounting concepts and conventions as used in accountancy are the rules and guidelines by that the accountant lives. All formal accounting statements should be created, preserved and presented according to the concepts and conventions that follow. In the United Kingdom
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to $2.40 $672,000 Calls in arrears (24,000 shares x 80c) ($19,200) The directors forfeited the shares on which the call was outstanding. The company’s constitution provides that forfeited shares cannot be reissued and that the balance of any forfeited amounts, net of reissue costs, must be refunded to the former shareholders. Refund cheques were sent to shareholders. Prepare journal entries to record a) forfeiture of shares b) refund of forfeited amounts to shareholders
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