An Archive of Impeccable Accounting Answers : Page - 38

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Sonia Miller cannot believe what she has just heard. Having joined Scalar Products as a Market Analyst and Planner she has just been informed that the company has no sales forecasting system and Finance simply examine previous sales when doing next year’s estimated sales for budgeting purposes. She cannot understand how the company has managed to operate effectively without one.Her marketing manager, however, a very competent technical engi...

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Horizon Corporation manufactures personal computers. The company began operations in 2002 and reported profits for the years 2004 through 2009. Due primarily to increased competition and price slashing in the industry, 2010's income statement reported a loss of $20 million. Just before the end of the 2011 fiscal year, a memo from the company's chief financial officer to Jim Fielding, the company controller, included the following comments: "If we...

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You need to answer following questions to get satisfactory grades for this assessment activity. Make sure to answer all task in all assessments activities to get overall competent results.Task 1.1•    What is a budget?•    What are different types of budgets?•    Explain budgetary control principles?Task 1.2It is very important to discuss the budget with colleagues and peers to determine...

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What is Accounting?Question: 1.What do we mean by “Accounting”?•Accounting is the process used to collect, analyse and develop financial information, it consists of recording, interpreting and reporting data collected from financial transactions.2.List three types of non-reporting entities.•Registered Charities•Health Organisations•Social Clubs (Veterans, RSL, ect).3.List three pieces of legislation that not-for-p...

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Watley’s are looking into the possibility of buying an automatic cutting machine, which would enable the company to reduce its headcount by one; however, the company wants to check that the overall savings will justify the initial capital outlay. The new equipment will cost £60,000 and will cost £2,000 a year in maintenance costs. There will be an annual saving of £22,000 in labour. The equipment will have a useful life of...

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    An executive summery    A brief introduction on each company including how they are placed within the industry.    An initial analysis of trends in the items contained in the profit and loss statements, balance sheets and statements of cash flows; appropriate relevant ratios measuring Profitability (Return on Assets and Net Profit Margin), Liquidity (Current Ratio and Quick Rat...

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1. List at least 5 points that are important to ensure communication delivers on customer needs, expectations and priorities.  (5 marks)  2. It is important that staff should deliver an outstanding customer experience at all times.  What are the specific behavioural competencies that this requires and how would this be measured?  (5 marks)  3. Using information provided in Unit 2, it is important that an organisation cont...