SALES GROSS PROFIT NET INCOME AND THE COST OF GOODS SOLD

overhead to total cost of goods sold for a specific period.Trend based analysis compares articles of financial statement or financialratios for several periods and reveal tendencies dominating in change of value.Factor analysis reveal causes of[r]

Advertising 12,000 15,000 16,200 15,240 15,840 18,600 92,880Supplies 1,300 1,400 1,270 1,500 1,550 1,600 8,620Total operating expenses 54,800 66,850 70,360 67,220 68,570 78,900 406,700Net profit before taxes 45,200 58,150 64,640 59,780 63,430 76,100 367,300Income taxes 11,300 14[r]

c. (i) False; (ii) Trued. (i) False; (ii) False10. If merchandise is sold on account to a customer for $1,000, terms FOB shipping point, 1/10, n/30 and the seller prepays $50 in transportation costs, the amount of discount for early payment would be?a. $0b. $5c. $1[r]

(though not necessarily in every case). Both methods are allowed forincome tax and under generally accepted accounting principles (GAAP).sunk cost A cost that has been paid and cannot be undone or reversed.Once the cost has been paid, it is irretrievable, li[r]

and so it should be the one adopted. For example, suppose the beer companycan either build the new brewery or, alternatively, can introduce a new prod-uct—a light beer, for example. There is not enough managerial talent to over-see more than one new project, or maybe there are n[r]

(though not necessarily in every case). Both methods are allowed forincome tax and under generally accepted accounting principles (GAAP).sunk cost A cost that has been paid and cannot be undone or reversed.Once the cost has been paid, it is irretrievable, li[r]

and Paraguay, with implications for a potential increase in opportunities for developmentassistance, modernization, and strengthening of the local economy. 23 A final point related toeconomic impacts from rural water supply and sanitation is that poverty does not n[r]

The year 2010 has passed with challenges andfluctuations in the country’s overall economy ingeneral and with businesses in particular. VPBank isnot an exception but we have managed to overcomethese challenges successfully. VPBank’s notablefeatures in 2010 are the organiza[r]

•To save the cost of sending a mechanic to the Buyer’s country, some contracts allow theBuyer to repair equipment at Exporter’s cost.Disadvantage:– An expensive repair bill– Exporter is not sure whether the defects have been completely repaired or not,especi[r]

BA15 Real Estate Loans Insured or Guaranteed by U.S. Government NumericBA16 Treasury Stock Dollar Amount Preferred NumericBA17 Loans to Financial Institutions NumericBA18 Loans for Purchasing or Carrying Securities NumericBA19 Interest Income Total (Financial Services) NumericBA20 Commercial[r]

o Short-term marketable securities are treated as long-term investments and appear in cash flow from investing activities o Short-term debt is treated as long-term debt and appears in cash flow from financing activities o Although dividends are handled as a cash outflow in the c[r]

depreciated on the date of sale. ACCOUNTING FOR ASSET EXCHANGESEXCHANGES: You may have bought a new car and part of what you gave to obtain the new car was a "trade in" of a different car. This would be a classic "exchange" transaction. In business, equipmen[r]

The TRS annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the net OPEB obligation for 2009 are as follows: Fiscal Percentage of Net Year Annual Annual OPEB[r]

which parties can curb leader incentives to shirk on their responsibilities, leading the party to renegeon its commitments. Parties that cannot manage leader transitions are less likely to sanction leaderswho renege.Second, it is more costly for candidates to leave parties that have organizat[r]

CHAPTER 11 PUBLIC GOODS AND COMMON RESOURCES 239buffalo roamed the continent. Yet hunting the buffalo was so popular during thenineteenth century that by 1900 the animal’s population fell to about 400 beforethe government stepped in to protect the species. I[r]

resale. Thus advertised price discrimination is much more frequently found in grocery stores than in car dealerships. Price discrimination is the practice of varying the price of a given good or service according to how much is bought and who buys it, supposing th[r]

exchange. Business firms are assumed to pursue profit maximization and households try tomaximize utility or satisfaction. Both try to buy at the lowest possible price (for a given quality ofgoods) and to sell at the highest possible price. The other major as[r]

“Net” at which present value equal to zeroCopyright © 2009 Pearson AddisonWesley. All rights reserved.11-11Project AppraisalNet present value, or NPV is given byBt − CtNPV = ∑tt (1 + r )WhereBt is the expected benefit at time tCt is the expected cost at time tr is the<[r]

INTRODUCTION1.Rationale of studyUnder market economy, enterprises have to meet demands set up bymarket if they want to survive and develope .In other words,they mustcompliance supply-demand,value as well as competitive rule.To make surethat their products can be appropriate in the