...be an asset specifically labeled as a "cash fund for replacement and expansion" or a "fund of marketable securities for replacement and expansion." Accumulated depreciation is the cumulative amount of an asset’s depreciable value that has been expensed. 8-6 Valuation implies some measure of present market value. In contrast, depreciation is the systematic allocation of the original cost of the asset to as an expense on the income statement over the useful life of the asset.s useful life. 8-7 Depreciation is a method of cost allocation, not valuation. It simply allocates the cost of an asset to the periods that benefit from its use. 8-8 No. Keeping two sets of books is necessary if two separate purposes are being legally fulfilled. In many cases two sets of books are required, sometimes more than two. Requirements include external financial reporting, internal managerial needs and tax reporting. 8-9 Both choices are between initially greater current income and asset values (straight-line and...
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...CHAPTER 9 COVERAGE OF LEARNING OBJECTIVES |LEARNING OBJECTIVES |QUESTIONS |EXERCISES |PROBLEMS |OTHER | |LO1: Account for current liabilities. |1,2,3,4 |34,35,36,37, 38,39 |53,54 | | |LO2: Measure and account for long-term |5,6,7,8,9,10, 11,12,13, |38,39,40 |54,55,56, |87,91 | |liabilities. |30,31 | |84,85 | | |LO3: Account for bond issues over their entire |14,15,16, |41 |57,58,59, 60,61,62, | | |life. |17,31 | |63,64,65, 66,67,68, | | | | | |69,70 | | |LO4: Value and account for long-term lease |18,19,20, |42 |71,72,73,74, 75,76,77 |89,91 | |obligations. |21,22 | | | | |LO5: Evaluate pensions and other postretirement |23 |43 |78,79 |88,91 | |benefits. | ...
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...Chapter 7 Plant Assets & Intangibles Short Exercises (5 min.) S 7-1 |1. |Property and Equipment, at Cost | | | | |Millions | | |Aircraft………………………………………………… |$ 2,392 | | |Package handling and ground support | | | | equipment………………………………………… |12,229 | | |Computer and electronic equipment……………. |28,159 | | |Vehicles………………………………………………. |581 | | |Facilities and other…………………………………. | 1,432 | | | Total cost………………………………………….. |44,793 | | |Less: Accumulated depreciation…………………. ...
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...advertise the land transactions. The lots sold for $200 for corner lots, $150 for inside business lots, $150 for residential corner lots and $100 for inside residential lots. Peter B. Dirks and a Mr. Montgomery, of the Farmers and Merchants State Bank from Dirkstown, purchased the first corner lot. Dirks' Trust and Title Company also opened a hardware and general store. Lafferty and Schoessler also had general stores. The school was built in 1921; high school was discontinued in 1972 and the school was finally closed in 1996. All children now go to Kennebec and Lyman High School in Presho. The community has had three churches: Catholic, Methodist and Lutheran, almost since its beginning. The first residence built in Reliance was the two and one half story home most of us...
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...helpless workers and established the charity group – Da Ai Qing Chen. Brief Introduction Dust lung (pneumoconiosis) is the most serious occupational disease in China. According to the statistics from the department of public health, nearly 90% of the occupational disease is dust lungs and the death rate is as high as 22%. Based on the research, in China, there are at least 6 million dust lung patients. Almost all of them are from lowest class. They do not have a penny to spend on hospital so to their data, currently China has at least six million peasants with the disease. In order to help those people, Da Ai Qing Chen was set up in order to help pay their hospital bills with the public donations. Everything happens for a reason, and so is the widely spread of Dust Lung in China. In recent years, no one can ignore the rocket-like booming economic development of China. Nearly all the economists and investors are talking about China nowadays. However, due to this rapid development, many constructions are held by either government or individuals because China is still a developing country anyway. Therefore, millions of...
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...prohibited. INTRODUCTION Improving efficiency in health care is an acute issue. In the developed world this is due to increases in costs and quality issues (Aptel and Pourjalali, 2001; Spear, 2005); Western Europe currently spends 9% of its GDP on health care, and, if the trend continues, will spend over 20% by the year 2050 (Drouin et al., 2008.) In the developing world on the other hand demand exceed capacity; it was estimated that in 1997 over 12 million people were blind in India from cataracts, while a further 3.8 million new cases are developed each year, and current capacity for surgery is far below this level (Thulasiraj et al., 1997.) Better health care operations are clearly required to deal with issues of ageing population, increased costs and unmet demand. One case that provides clues to such means is Aravind, the largest eye care provider in the world, with over 2.5 million operations performed and 20 million patients treated in the last thirty years. An Indian non-for-profit organization in which two thirds of the patients are treated for free, Aravind attends its goals by strict attention to cost optimization. THE STORY OF DR. V Dr. Govindappa Venkataswamy (known as Dr. V) retired at age 58 from a life in public health as an ophthalmologist in India. He then started, with his sister and brother in law, an 11...
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...research and find that customers were very happy with Omnitel’s customer service. Italian customers do not wanted to pay fixed monthly usage fee and extra activation fee; instead they only wanted to pay a fee only when they used the phone. TIM (Telecom Italia Mobile) is the state owned company which had a complete monopoly over Italian telecommunications market. Bona was planning to launch his cell phone under the name “LIBERO” which is free from any monthly charges. LIBERO Plan: In Peak hours: Charge- Lit.1595 In Off-Peak hours: Charge- Lit.195 Anticipated average usage: 193 min per month Outgoing calls: 93 min (13 min at peak and 80 min at off-peak) Incoming calls: 100 min (25 min at peak and 75 min at off-peak) Setup Cost = Lit.10000 They are also providing customer a subsidy on handsets in exchange of a contract for a year or two. Bona was planning to convince Caio to sell cell phones at full price but drop the monthly fee. Bona wanted to launch a Advertising Campaign with a budget of Lit. 40 billion, because he wanted to completely blanket Italy with LIBERO posters and billboards so that he can change the customer mind-set regarding cellular phones. Bona do not want to indulge his company in the price war with TIM, since TIM is state owned company and also financially very strong company. Mobile Telephony Market in Italy: Initially in 1987 there were 12 state owned telecom companies in Europe. In 1993, European commission...
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...[pic]CHAPTER 12 12-1 Decision makers use financial statement analysis to extract relevant information from financial statements in order to assess a company's financial position and prospects. 12-2 In addition to the basic financial statements, annual reports generally contain footnotes to the statements, a summary of accounting policies, management's discussion and analysis of the financial results, the auditor's report, comparative financial data for a series of years, and narrative data about the company, its operations, and its prospects. 12-3 Sources of information include reports to the SEC, press releases and articles in the business press, company Web sites, trade and industry publications, analysts’ reports, investors' services and newsletters. 12-4 No. Past results often aid the prediction of future returns and their risks. 12-5 Equity investors are most concerned with information about profitability and future security prices. In contrast, creditors mainly want to know about short-term liquidity and long-term solvency. 12-6 Yes, to a certain extent. When revenues increase faster than net income, it means that costs are increasing faster than revenues. However, it is important not to jump to conclusions without asking “why?”. There may be a good explanation for the cost increases. So it warrants attention, but one should not automatically conclude that something is wrong. 12-7 Business practices often change and, therefore, expected financial...
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...Proprietorship profits flow through to the owner and are reported on the owner’s individual income tax return. It does not matter how much of the profit is withdrawn from the proprietorship. Thus, Tomas must report the net profit of $60,000 on his Form 1040 (Schedule C). Shareholders are required to report income from a C corporation only to the extent of dividends received. Consequently, Lucy has no income to report from the corporation for the current year. | POINTS: | 1 | DIFFICULTY: | Easy | LEARNING OBJECTIVES: | SCPE.HRMY.15.LO: 17-01 - LO: 17-01 | NATIONAL STANDARDS: | United States - BUSPORG: Analytic | STATE STANDARDS: | United States - AK - AICPA: FN-Reporting | KEYWORDS: | Bloom's: Application | OTHER: | Time: 2 min. | | 2. Carol and Candace are equal partners in Peach Partnership. In the current year, Peach had a net profit of $75,000 ($250,000 gross income – $175,000 operating expenses) and distributed $25,000 to each partner. Peach must pay tax on $75,000 of income. | a. | True | | b. | False | ANSWER: | False | RATIONALE: | A partnership is not a taxpaying entity. Its profit (loss) and separate items flow through to the partners. The partnership’s Form 1065 reports net profit of $75,000. Carol and Candace both receive a Schedule K-1 reporting net profit of $37,500. Each partner reports net profit of $37,500 on her own return (Form...
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...Operations Management Term-2 Case Analysis DONNER COMPANY Contents Introduction ................................................................................................ 2 Process flow chart ....................................................................................... 2 Issues faced by Donner ............................................................................... 4 Problems in production process design ........................................................................................ 4 Problems in Productivity .............................................................................................................. 4 Problems in Delivery System ....................................................................................................... 5 Data analysis ............................................................................................... 5 Question 2 .................................................................................................................................... 5 Question 3 .................................................................................................................................... 6 Question 4 .................................................................................................................................... 7 Conclusion ................................................................................................... 7 Appendix...
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...Term Papers and Free EssaysBrowse Essays Read full version essay Customer Satisfaction Level Of Grameenphone Ltd. Customer Satisfaction Level Of Grameenphone Ltd. Print version essay is available for you! You can search Free Term Papers and College Essay Examples written by students!. Join Essays24.com and get instant access to Customer Satisfaction Level Of Grameenphone Ltd. and over 30,000 other Papers and Essays Category: Business Autor: anton 23 March 2011 Words: 9704 | Pages: 39 1. Background of the Report 1.1 Introduction Topic of my internship project is “Assessing Customer Satisfaction of GrameenPhone.†I got the opportunity to do my internship at GrameenPhone Ltd. I have been working for their Customer Relations Division. As the name implies, it deals with the customers after the sales occurs. Main activities of this division includes maintaining databases of the customers, preparing the bills, distributing bills, activating new connections, helpline service, collection of bill through different banks all over the country, and the other after sales services. As a member of GP’s Customer Relations Division, my job is to provide different services to our valued subscribers over telephone, which is the helpline service. In other words, my job is to satisfy the subscribers. In my internship project, I have tried to judge the satisfaction level of GP service holders. 1.2 Objectives This project was designed to accomplish three objectives...
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... 10. ______ (29 points) Total ______ (200 points) SHOW ALL WORK!!!! As information, if I have questions about your work, I might follow-up with questions asking for clarification. Thanks for understanding. I neither received nor provided help on this test. Name ___________________________________ Date ___________________ Answer Page for Selected Problems Provide only your final answers (for example, the final numbers, selection, etc.) to the following problems. Remember to show your work and answers for these problems on the problem pages. Example only: the break-even point is 100,000 units as this is the point where the cost of the two options is equal. Below that level we prefer option A and above that we would use option C #1 #2 #3 #5 #6 #7 #8 #9 #10 1. (22 points) Airphone, Inc., manufactures cellular telephones at a processing cost of $47 per unit. The company produces an average of 250 phones per week although there are 16% defective phones. Each phone takes one hour to make....
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...everything we witnessed at the two sites that we visited and everything geologically related can be tied together with a few simple concepts. A central component of those simple concepts is known as the Wilson Cycle. The Wilson Cycle has a massive impact on not only the two sites that we visited, but literally everywhere around the world. By understanding the principles of the Wilson Cycle, we are able to unearth details about a location such as what geologic era it belongs to, what type of plate boundary it is, as well as what type of tectonic activity that was required to allow it to form. In essence, everything relates back to the Wilson Cycle, as evidenced in the following pages. Geologic Background: PALEOZOIC: The Paleozoic era was is the earliest of the three geologic eras and spans from about 542 to 251 million years ago. Numerous events that significantly impacted the overall structure of the earth took place during this time period. The Paleozoic Era is divided into six different subcategories which include: the Cambrian, Ordovician, Silurian, Devonian, Carboniferous, and Permian. Early in the Paleozoic the continents were far apart but moving tectonic plates caused continents to move together into one large continent called Pangaea. Some of the significant geologic events that occurred during the Paleozoic era includes the evolution of a large number of animals, some of which are distant ancestors to modern organisms, between 530 and 520 million years ago. Also during...
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...HERSHEY FOODS CORPORATION: BITTER TIMES IN A SWEET PLACE Teaching Note Synopsis and Objectives The proposed sale of Hershey Foods Corporation (HFC) during the summer of 2002 captured headlines and imaginations. After all, Hershey was an American icon, and when the company’s largest shareholder, the Hershey Trust Company (HSY), asked HFC management to explore a sale, the story drew national and international attention. The company’s unusual governance structure put the Hershey Trust’s board in the difficult position of making both an economic and a governance decision. On the one hand, the board faced a challenging economic decision that centered on determining whether the solicited bids provided a fair premium for HFC shareholders. On the other hand, the governance decision required the board to balance its fiduciary responsibility against the original mandate of Milton Hershey to support the Hershey School in perpetuity. The fiduciary responsibility is relatively simple compared with satisfying a broad array of constituents, including the Hershey community, HFC employees, and Pennsylvania’s attorney general. In addition to this teaching note, we provide a variety of teaching supplements to support a discussion of the complex issues presented by the case: • Video footage of the Hershey community and key players in the case • Excel spreadsheets for key case exhibits • Excel spreadsheets for key teaching-note exhibits • Projection-ready...
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...Introduction: Beximco Textiles Ltd. (the “Company”) was incorporated in Bangladesh as a Public Limited Company with limited liability on 8 March 1994 and commenced commercial operation in 1995 and also went into the public issue of shares and debentures in the same year. The shares of the Company are listed in the Dhaka and Chittagong Stock Exchanges of Bangladesh. Bextex Ltd. is the most modern composite mill in the region. Bextex Ltd. has an installed capacity of 299 high-speed air-jet looms in its weaving section and a high-tech dyeing and finishing section with a capacity of 100,000 yards of finished fabric per day. This company is located at the BeximcoIndustrial Park. Strong business ethics, excellences in business, creating a productive work environment, continuous improvement through sound corporate governance and dynamic employee Engagement have been at the function of the organization to become the leading composite factory in Bangladesh. General Information about the factory: FACTORY NAME: BEXIMCO TEXTILES LIMITED LOCATION: Beximco Industrial Park, Chokroborty, (5 km north from DEPZ ) Address : Operational HQ Beximco Textiles Limited, BeximcoIndustrial Park, Sarabo, Kashimpur, Gazipur. Corporate HQ 17 Dhanmondi R/A, Road No. 2 Dhaka -1205, Bangladesh Phone: 880-2-8611891-5, 8618220-7 9677701-5, 7701165 E-mail: beximchq@bextex.net Web Site: www.bextex.net ...
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