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Accounting Analysis
Accounting Analysis
The income statement measures the income and expenses of a company over a specific period of time. Reflecting on your personal financial statement for the past month, can you apply the principles of the income statement? What did you learn from this experience?
When I look at my personal ...
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Accounting Assignment
Accounting Assignment
Question 2: Decision making process (15 marks)
Decision making is the choice of the possible courses of action. The solution is a product of managerial work. Management solution refers only to the completion of a complex multi-step process in which first describes the problem situation, and then generated ...
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PALMERS CASE STUDY
Palmer's Case study
Palmer's Case Study
Part 1 - Sensitivity Analysis
After conducting sensitivity, analysis interest rate is the factor, which will affect Bill the most. When the interest changes the cost of borrowing increases, which results in increased expenses for the company.
Reduced Sale of New Contracts: The ...
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Financial Analysis
Paper ltd Rock ltd Scissor ltd
Introduction
Due diligence is performed by the buyer in order to evaluate the benefits and liabilities of the suggested acquisition. This is achieved through the investigation of the relevant feature of the targeted company so that risk and opportunity can be highlighted. Financial environment ...
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CORPORATE ACCOUNTING ASSIGNMENT
Corporate Accounting Assignment
Part A
Executive Summary
Information of financial statements is used to value the company's equity capital and performance of the management. The financial statements are prepared by following a particular accounting policy based on principles and methods prescribed in accounting standards. The accounting standards sometime provide ...
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FINANCIAL MANAGEMENT AND CONTROL
Financial Management and Control
Financial Management and Control
Question 1
Gross Profit and Closing Stock Valuations
FIFO
LIFO
Average Costing
Units
Cost per Unit
Total Cost
Units
Cost per Unit
Total Cost
Units
Cost per Unit
Total Cost
1st Jan
200
4
800
200
4
800
200
4
800
1st Feb
250
5
1250
250
5
1250
250
5
1250
1st May
225
6
1350
225
6
1350
225
6
1350
1stMarch
250
3.5
875
250
3.5
875
250
3.5
875
1st April
175
4
700
175
4
700
175
4
700
1st June
200
5.5
1100
200
5.5
1100
200
5.5
1100
1st July
-200
4
800
-200
5.5
1100
-700
4.67
3266.67
-250
5
1250
-175
4
700
-225
6
1350
-250
3.5
875
-25
3.5
87.5
-75
6
450
TOTAL
600
3487.5
600
3125
600
3266.67
FIFO
LIFO
AVCO
Sales
5600
5600
5600
Less: Cost of Sales
Purchases
6075
6075
6075
Less: Closing Stock
-2587.5
-3487.5
-2950
-3125
-2808.33
-3266.67
Gross Profit
2112.5
2475
2333.33
Discussion of three methods
LIFO
Last in first out is ...
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ACCOUNTING ANALYSIS
Accounting Analysis
Accounting - Analysis
Answer of question 1
Material handling departments budget
payroll
180000
employee on costs
36000
telephone
38000
other utilities
22000
material and supplies
6000
depreciation
6000
Total
288000
Direct material budget
Government contracts
2006000
commercial products
874000
Total
2880000
Material handling rate that would have been used by smith is
= Total material handling department budget / Total direct material budget
= ...
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Accounting
Accounting
LIFO vs. FIFO
LIFO Method
The abbreviation LIFO stands for "last in first out", meaning that the consumer goods that have been bought as a last resort, to be used as the first again. It is like a grain mountain that is needed for the harvest. The wheat was harvested first is ...
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FINANCE
Financial Analysis
Financial Analysis
Introduction
This paper provides a financial analysis of three companies, namely Tesco Plc, Morrison Supermarkets and Sainsbury. The major focus of this paper is on the ratio analysis of the given companies. Past 5 years performance is analyzed in depth.
Discussion
Tesco PLC
Tesco is considered to be the top grocery ...
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East Coast Marine Limited
East Coast Marine Limited
Introduction
The accounting concept name “Activity Base Costing” is pretty much defined by its name. Basically, it is a costing system based on activity. It is a system in which costs and staff timing are produced by breaking down every activity into its component ...