1. Calculate the following ratios for each year during the period 1980-1983. Comment on the trend indicated by each ratio with respect to the financial performance and condition of the Charter Company. A. Profitability: Return on average total assets (assume a 46% income tax rate) = EBIT/Total Assets 1983 = 133896 / 1813199 = .073845 1982 = 108180 / 1628046 = .066448 1981 = 155673 / 1541326 = .100999 1980 = 145485 / 1746260 = .083312 1979 = 446649 / 1728694 = .258373 B. Turnover: i. Accounts
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Chapter 4: E4-8‚ Instructions (a) Prepare a multiple-step income statement for 2012. Assume that 60‚000 shares of common stock are outstanding. Brokaw Corp Income Statement For The Year Ended December 31‚ 2012 Sales Revenue Net Sales $1‚200‚000 Cost of Goods Sold 780‚000 Gross Profit 420‚000 Operating Expenses Selling Expenses $65‚000 Administration Expenses $48‚000 113‚000 Income from operations
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Relationship of Sales and Inventory In order for your sales force to do its job‚ there must be enough inventory on hand to sell. A successful relationship between sales and inventory operations involves either a predictable rhythm of inventory turnover as a result of consistent sales‚ or dependable communication between the two divisions so the inventory department will know how much the sales department needs. In order for this system to function smoothly‚ the sales department must have a clear
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13. Use this information to calculate the following: Sales returns $ 700 Rent expense 1‚288 Sales discounts 950 Depreciation expense 600 Cost of merchandise sold 7‚600 Gross sales 20‚900 Advertising expense 1‚650 Salary expense 2‚900 Heat expense 900 A. Net sales B. Gross profit C. Total operating expenses D. Net Income 14.A truck costing $25‚000 with a residual value of $5‚000 was purchased by Rim Corporation. The truck’s estimated life is 10 years. At the end of Year 2‚ what is the book
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QUEUEING THEORY AND ITS APPLICATION TO ROAD TRAFFIC CONGESTION BY CHIEDU NELSON CALED PSC060774 A PROJECT WORK PRESENTED TO THE DEPARTMENT OF MATHEMATICS‚ FACULTY OF PHYSICAL SCIENCE‚ UNIVERSITY OF BENIN IN PARTIAL FULFILMENT OF THE REQUIREMENT OF THE AWARD OF BACHELOR OF SCIENCE (B.SC) (COMBINED HONOURS) DEGREE IN STATISTICS AND COPMPUTER NOVEMBER 2012. CERTIFICATION This is to certify that this project was carried out by CHIEDU NELSON CALEB of the Department of Mathematics
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provided additional insight on certain items listed in the financial statement‚ which can included the company or business accounting policies‚ number of share issue and outstanding‚ type of inventory method the company is using‚ which can be either FILO‚ FIFO. The Full disclosure principle also provided information on the requirement for different type of business. Under the full disclosure principle businesses that have many different type of product lines are in some situation require to
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of its depreciation policy‚ Harnischfeger had changed its estimated depreciation lives and residual values on certain US PPE‚ which increased net income for 1984 by $3.2 million. • Refer to Note 7‚ Harnischfeger changed the inventories method from FIFO to LIFO in 1984‚ which increased net income by $2.4 million. • Refer to Note 11‚ during 1984‚ Harnischfeger terminated the existing Salaried Employees’ Retirement Plan and established a new plan‚ which is identical to the prior plan except for an
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recalculates stock levels Ergonomics Safe layout and equipment Features Features are tangible‚ measurable characteristics of a product (see‚ smell‚ touch‚ hear‚ or taste them) which can include brand‚ price and or materials First In‚ First Out (FIFO) A stock rotation system which requires the goods bought first by the store to be sold first Full Stocktake A Stocktake where every item in a store is counted Full Time Paid annual and leave‚ roster‚ maximum number of hours General Store These
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Implementation of Lean System on Erbium Doped Fibre Amplifier Manufacturing Process to Reduce Production Time T. Maneechotea and P. Luangpaiboonb Industrial Statistics and Operational Research Unit (ISO-RU)‚ Department of Industrial Engineering‚ Faculty of Engineering‚ Thammasat University‚ 12120‚ THAILAND. (email: Thiti.Maneechote@gmail.com) b Industrial Statistics and Operational Research Unit (ISO-RU)‚ Department of Industrial Engineering‚ Faculty of Engineering‚ Thammasat University‚ 12120
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they do not thaw and compromise the efficacy of the product. Once the product is received‚ it must be stored properly‚ not only to ensure correct temperatures are maintained‚ but to be sure stock is rotated. Stock should be rotated according to the FIFO procedure‚ or “First In‚ First Out”‚ with the oldest product at the front and the newest at the back. This helps to make sure product is used before the expiration date so that nothing has to be thrown away‚ which would waste money. Expired product
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