Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are the manager of the Paint Department. You receive the income from the Senior Manager with the following memo to the three department managers attached.
Income Statement Sharp Hardware Store For the year ended 30 June 2015
Hardware
Plumbing
Paint
Total
$
Sales
858,000
462,000
227,500
1,547,500
Lest cost of goods sold
399,250
215,750
68,250
683,250
Gross Profit
458,750
246,250
159,250
864,250
Less Expenses
Salaries-Manager
30,000
Salaries-other
225,000
120,000
140,000
485,000
Office expenses
33,267
17,913
8,820
60,000
Telephone
15,219
8,195
4,036
27,450
Supplies
55,000
39,600
15,400
110,000
Rent
40,000
20,000
80,000
398,486
235,708
218,256
852,450
Net Profit(Loss)
60,264
10,542
(59,006)
11,800
Performance this year is disappointing, particularly the Paint department which has recorded a loss of nearly $60 000. As a result, to improve performance in the future, a new system is going to be implemented. A bonus of $5 000 will be paid to one department manager at the end of next year on the basis of which department records the highest profit.
Comment on the new policy from your point of view
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd