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FINANCE AND ACCOUNTING
Finance and Accounting
Finance and Accounting
UW's forecast accounts for the year ending 30th April 2012:
Without changing stockholding policy or including May sales to China.
Apr-12
$000s
Turnover
13,200
Cost of Sales
6,150
Indirect Expenses
3,000
Net Profit
4,050
Changing stockholding policy but excluding sales to China.
Apr-12
$000s
Turnover
13,200
Cost of Sales
4,945
Indirect Expenses
3,000
Net Profit
5,255
Units (000s)
Value (£000s)
Per Unit Cost
AVCO
Opening stock
400
3000
7.5
Purchases:
May
200
2000
10
July
100
800
8
September
200
2000
10
December
100
900
9
March
300
2350
7.83
8.72
Closing stock
700
6105.56
8.72
Total
2000
4944.44
2.47
Without changing stockholding policy ...
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MANAGING FINANCIAL RESOURCES
Managing Financial Resources and Decisions
Task One
L.O 1.1 Identify and explain four sources of finance available to business
BOATLINE business can avail financing through following sources:
Internal source of financing
Internal sources of financing, like cash drawn from a company's operating budget or capital income to fund a project ...
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Analysis of M&S Plc's Annual Report
To: Mrs Clarke
From: Financial Advisor
Analysis of M&S Plc's Annual Report
Introduction
This report will present an analysis of the annual report of Marks and Spencer Plc. Analysing the annual report helps the investors and stakeholders in knowing more about the company and its current position. The information ...
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ASSIGNMENT
Financial Accounting Assignment
Financial Accounting Assignment
Question 1
(A)
Olympics Inc.
Income Statement
Year End 30 June 20X1
£
£
£
Sales
414,640
Less:
Return Inwards
7,384
Net Sales
407,256
Less:
Cost of Sales
Opening Stock
21,442
Purchases
192,552
Less:
Return Outwards
19,596
Add:
Carriage Outwards
21,300 194,256
Goods Available for Sales
215,698
Less:
Closing Stock
23,004
Cost of Sales
192,694
Gross Profit
214,562 ...
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Accounting Analysis
Accounting Analysis
Forecasted Income Statement and Balance Sheet
Income Statement
Income Statement for the
Forecasted Income Statement
2008
2009
Revenues
2000
3000
Cost of Goods Sold
-850
-1275
Gross Margin
1150
1725
Depreciation Expense
-150
-225
Other operating Expenses
-450
-675
Operating profit
550
825
Interest Expense
120
-120
Income before Taxes
430
705
Income Taxes
120
-197
Net Income
310
508
Balance Sheet
Balance Sheet as at 31-Dec-08
Forecasted Balance Sheet 31-Dec-09
Cash
540
1273
Other Current Assets
350
350
Plant Property and Equipment Net
1000
775
Total Assets
1890
2398
Accounts Payable
100
100
Loans Payable
1000
1000
Common Stock
100
100
Retained Earnings
690
1198
Total Liabilities and ...
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CAUSTIC SODA SOLUTIONS
Caustic Soda Solutions Case Study
Caustic Soda Solutions Case Study
Part 1: Caustic Soda Solutions
Introduction
In case, the problem associated to the cost reduction. The company general manager, Mr Smith believes that it would be cheaper for the company to purchase or outsource supplies from the Storm Containers rather ...
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Accounting And Analysis
Accounting And Analysis
Introduction
Accounting is not just concerned with book keeping and record retention by people who are good with numbers. According to AAAHQ, accounting is defined as, “the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by users of the information.” (American ...
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Business Plan
Business Plan
Question 1
This business plan is an analysis of the feasibility of a business plan that is commissioning of a room - room NUS - for cultural shows, primarily works theater and concert in the city of Detroit. These activities will be complemented by other business lines such as ...
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ACCOUNTING
Nichols and Diageo
Nichols and Diageo
Requirement 1
We are assessing the financial statement of two companies for the financial period of 2010 (year ended on 30th June) Diageo and Nichols Plc financial reporting period of 2010 (year ended on 31st December).
Requirement 2
Diageo
The financial statements are prepared on a going ...
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Case Analysis: Toddler Treasures, Inc.
Case Analysis: Toddler Treasures, Inc.
Introduction
The case is about toddler treasure's management accounting techniques. The firm has transformed from a cottage industry to a fully functioning manufacturing firm. The case required to determine the rate (price) and efficiency (quantity) variance for materials as well as labor ...