Problem 12- 6 Statement of — Direct Method The income statement for Astro Inc. for 2010 is as follows: For the Year Ended December 31‚ 2010 Sales revenue $ 500‚000 Cost of goods sold 400‚000 Gross profit $ 100‚000 Operating expenses 180‚000 Loss before interest and taxes $ ( 80‚000) Interest expense 20‚000 Net loss $( 100‚000) Presented here are comparative balance sheets: December 31 2010 2009 Cash $ 95‚000 $ 80
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Excel Assignment #2 Preparing a Contribution Margin Income Statement and Operating Leverage Summer 2013 1. Assume that a company is budgeting to sell 2‚500 units of a product at a selling price per unit of $32. The variable cost per unit is $26 and total fixed costs are $5‚000. REQUIRED Prepare a contribution margin income statement and calculate operating leverage. 2. Suppose the company is unsure exactly how many units they will sell. As such‚ their marketing department has provided
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Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4‚ 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are
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information was taken from the 2006 financial statements of pharmaceutical giant Merck and Co. All dollar amounts are in millions. Retained earnings‚ January 1‚ 2006 $37‚980.0 Materials and production expense 6‚001.1 Marketing and administrative expense 8‚165.4 Dividends 3‚318.7 Sales revenue 22‚636.0 Research and development expense 4‚782.9 Tax expense 1‚787.6 Other revenue 2‚677.1 Hint: Prepare income statement and retained earnings statement. (SO 4) Instructions (a)
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launch this year. USA World Bank has two good products to consider‚ the Instant Rewards Credit Card or the Small Business Credit Card. This paper will identify issues and opportunities USA World Bank can capitalize on‚ alternative solutions to be considered‚ risk and mitigation techniques‚ and offer an optimal solution and implementation plan. Situation Analysis Issue and Opportunity Identification In today’s business environment‚ organizations are faced with many issues in which to overcome
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SEMESTER 3 INDIAN INSTITUTE OF MANAGEMENTAND ENGINEERING CORPORATE LAWS $ SECRETARIAL PRACTICE PART 1 MARKS 80 Attempt any Four Q1 (A) How are the first directors of the company appointed? (B) What is the notice period required for a board meeting? Q2 (A) Can a company appoint managing director and manager simultaneously? (B) Is company allowed to appoint a part-time secretary instead of a Whole-time Secretary? Q3 (A) Who can fix the remuneration of auditors under
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The State of Statements: Balance Sheets‚ Income Statements and Statements of Cash Flow Robert M. Traynor‚ Ed.D.‚ MBA CEO/Audiologist Audiology Associates‚ Inc. Johnstown‚ Colorado Introduction For most audiologists the patient is foremost in mind as we provide hearing care services. Successful practitioners know that when their practice is centered on their patient’s welfare‚ success will usually follow. Probably the greatest responsibility of the Robert G. Glaser‚ Ph.D. CEO/Audiologist Audiology
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Q1 Personal training requirement are based on what factor? Ans: Q4: What are the advantages and disadvantages of functional organisation? Ans: Merits The merits of functional organisation are as follows: (1) Specialisation—It ensures a greater division of labour and enables the concern to take advantage of specialisation of functions. (2) More efficiency—Efficiency of workers is increased as the workers and other have to perform a limited number of operations and they get suggestions
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STATEMENT OF PURPOSE “So many of our dreams seem impossible‚ then improbable‚ then inevitable”‚ Quotes the famous former film star‚ Christopher Reeve‚ bedridden with paralysis‚ giving hope and a new dimension to people in distress to look up to fulfil their dreams despite the many roadblocks in front of them. When one pursues the dreams relentlessly‚ the dreams do become inevitable and accessible. I have also taken inspiration from these brave words and feel one can achieve anything
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Case Study Three: Thanks for 24 Years of Service. Now Here’s the Door! Russ McDonald graduated from the university of Michigan with his MBA in 1969. He had numerous job offers but chose General Motors for several reasons. The automobile industry offered terrific career opportunities‚ and GM was the world’s number one car manufacturer. Salaries at GM were among the highest in corporate America‚ and a job at GM provided unparalleled security. A white-collar job with GM was the closest anybody
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