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Assume a company's Income Statement for Year 12 is as follows: Year 12 (in 000s) Income Statement Data Net Revenues from Footwear Sales $ 580,000 370,000 40,000 75,000 15,000 90,000 Cost of Pairs Sold Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (Expense) Pre-tax Profit (Loss) Income Taxes Net Profit (Loss) (15,000) 75,000 22,500 $ 52,500 Based on the above income statement data and assuming the company has 20 million shares of common stock outstanding , the company's operating profit margin and EPS were Copyright O by Glo-Bus Software, Inc. Capying, distributing, ar 3rd party website posting isexpressly prohibited and constitutes copyright vialation. 15.52% and $4.50. O 9.05% and $3.75. 13.79% and $1.75. O 12.93% and $3.75. O 15.52% and $2.63.

Which of the following losses or outgoings incurred cannot be deducted as a general deduction by a share investor: Group of answer choices Interest on money borrowed to buy shares expected to produce dividends, Investment journals and publications. Investment journals and publications. Subscriptions to share market information services. Management fees or retainers to investment advisers for an initial investment plan. Management fees or retainers to investment advisers for ongoing investment advice.

PLease answer part A

7 In June 2005, IESBA issued a revised Code of Ethics for Professional Accountants. What does the term IESBA stands for? a. Internal Ethics Standards Board for Auditor b. Institutional Ethics Standards Board for Auditor c. Integrity and Ethics Standards Board for Accountants d. International Ethics Standards Board for Accountants Clear my choice

Gadget King Corporation manufactures personal computers, tablets and mobile phones. The company began operations in 2015 and reported profits for the years 2015 through 2018. Due primarily to increased competition and price slashing in the industry, 2019’s income statement reported a loss of P15,000,000. Just before the end of the 2020 financial year, a memo from the company’s chief financial officer to Hendrick Cruz, the company controller and Nathan Santos, the company director for finance, included the following comments:   If we don’t do something about the large number of unsold computers, tablets and mobile phones already manufactured, our auditors will require us to write them off. The resulting loss for2020 will cause a violation of our debt covenants and force the company into bankruptcy. I suggest that you ship half of our inventory to Bilis Benta, Inc., in Quezon City. I know the company’s president and he will accept the merchandise and acknowledge the shipment as purchase.…

The first step in performing projected financial analysis is to • prepare the projected balance sheet. forecast sales as accurately as possible. take an inventory of goods. calculate the projected net income. estimate increases in debt.

XYZ Corp is preparing a financial projection by splitting its P&Ls into two separate P&Ls. What would it include in its "unpredictable" P&L? Select an answer: employee salaries and benefits a large contract from a new customer projections of sales to existing customers employee performance-based bonuses

How does COSO and COBIT frameworks relate to the importance of creating a control matrix for the accounts payable/cash disbursement process? Why is the control matrix important in the first place?

An electronic appliance manufacturer wants to know if there is a relationship between percentage change in deposable personal income which is reported quarterly by the government, and the percentage change in appliances sold by the manufacturer following same years of quarterly data. Brenda Chee and Clarence Paulus lead an analyst team has obtained data for the past 10 quarters. Table 3   Quarter Percent change in income Percent Change in appliance sold Quarter Percent change in income Percent Change in appliance sold 1 -2.3 -2.5 6 -1.0 1.0 2 -1.5 -1.0 7 0.7 1.4 3 2.8 7.4 8 5.2 3.4 4 0.5 2.6 9 -2.5 -0.5 5 4.6 8.5 10 1.7 1.8 1) What forecasting model should be used for this data.Why? 2) Develop the forecasting model that you have proposed in(a). 3) Compute the relationship for these data. In your opinion, is the relationship between independent variable strong enough to base a predictive the…

The Production Manager in collaboration with other Senior Management officials has developed a bonus scheme which serves as guide to operational officers who meet their target at the end of every accounting year. This information was circulated to all the operational members through their official emails for their attention. Kojo, an operational officer of the Production Unit had a ride from the Production Manager on his way home. In the absence of any conversation for the first five minutes while enjoying the ride with his Production Manager, Kojo decided to seek further clarification on the new bonus scheme developed by Management.  Explain the type and category of organizational communication structure adopted by management in disseminating information to the operational officers, highlighting the importance of the category of organizational communication structure? Determine the type of organizational communication structure adopted by Kojo?

In this Harvard Business Review (HBR) article entitled, "How to Finance the Scale-Up of Your Company" written by Daniel Isenberg and Daniel Lawton, the authors provide practical ways to ensure your business has sources of financing, especially when scaling-up your business. https://hbr.org/2014/08/how-to-finance-the-scale-up-of-your-company INSTRUCTION: Prepare a Reaction Paper called Reading Reflection Memo (RRM). READING REACTION MEMO FOR THIS ARTICLE: The reading reaction memo after reading the article above should: (a) compare and contrast key points that strike you from the reading(s); (b) evaluate the arguments and evidence on the point(s) you cover, identifying what was insightful, mundane, unclear, incomplete, contradictory, etc.; and (c) conclude with 3-4 questions for class discussion. The reaction memo should not merely summarize the reading(s) you consider, but it should also demonstrate an active engagement with the point(s) you select to focus on, including how it (they)…

EBIT (earnings before interest and taxes) is derived from: a. EBITDA-Depreciation b. Sales-Gross Margin c. Gross Margin-General Expenses-Employee Expenses

The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2023 and 2022 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Organo Inc. Balance Sheet As at May 31 2023 2022 $ Change % Change Current Assets Cash $308,000 $315,100 $Answer Answer % Accounts Receivable $148,000 $192,800 $Answer Answer % Merchandise Inventory $362,700 $393,500 $Answer Answer % Short-Term Investments $136,200 $115,100 $Answer Answer % Total Current Assets $954,900 $1,016,500 $Answer Answer % Long-Term Assets $227,800 $314,300 $Answer Answer % Total Assets $1,182,700 $1,330,800 $Answer Answer % Current Liabilities $293,000 $262,200 $Answer Answer % Long-Term Liabilities $147,000 $111,300 $Answer Answer % Total Liabilities $440,000 $373,500 $Answer…

What are the total assets at the end of the period on this general accounting question?

The long-term financial forecast plays a crucial part in the company's long-term strategic plan. True or False True False 25 28 étv N 4

In this document Critically analyze The Coca Cola’s Company corporate policy for funding the business operations, expansion, growth, and value creation and write 200 words ?

Based on these tables, Can you calculate the Profit and Revenue and explain how you got these calculations. Also please explain how these tables are important when finding profit and revenue.

using ArcGIS business analytics how would a void analysis be useful when you're approaching a bank for a loan

Read the Wall Street Journal article, "Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX Crisis." This lawsuit is a great example of "shareholder activism." Boeing's shareholders took action when they felt the management failed to maximize their long-term value, and the board of directors failed to fulfill its fiduciary obligation to protect the interests of the shareholders. Respond to the following questions based on theories and concepts in Chapter 9. Q3-1. What are the role and duties of the broad of directors in corporate governance? Assuming Boeing shareholders' complaints are true in this lawsuit, in what ways did Boeing's board fail to fulfill its fiduciary duties to the shareholders? Q3-2. Assuming the shareholders' complaints are true, what are some likely reasons that Boeing's board failed to effectively fulfill its duties? Q3-3. We learned in Chapter 9 the importance of making sure the management acts in the best interests of shareholders. After reading the…

In testing the cutoff of accounts payable at the balance sheet date,explain why it is important that auditors coordinate their tests with the physical observation of inventory. What can the auditor do during the physical inventory to enhancethe likelihood of an accurate cutoff?

users of information by an accounting information system have several different requirement . belinda's bloom , a florist are information system. describe the marketing objective that may be established for an information system for retail organization. describe the operating objective to be able to provide this information discuss the internal control requirement that need to be taken into consideration for a marketing information system.

For each of the following, journalize the necessary adjusting entry: (a)  A business pays weekly salaries of $22,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the fiscal period, assuming that

Queenstar Company manufactures smartphones and tablets. Its main customers are retailers who then sell to the general public. The company’s manufacturing is spread across five sits and goods are stored in its nine warehouses located across the country. You are an audit supervisor of Akof & Co and in preparation for the forthcoming audit for the year ending 30 June 20X7, you are reviewing the following notes your audit manager has provided you with in relation to the company’s internal controls. Queenstar Company has a small internal audit (IA) department. During the year, the IA started a programme of physically verifying the company’s assets and comparing the results to the non-current assets register, as this type of reconciliation had not occurred for some time. To date only 15% of assets have had their existence confirmed as IA has experienced significant staff shortages and several members of the current IA team are new to Queenstar Company. During the year, Queenstar Company…

In the table below ratings data on x = the quality of the speed of execution and y = overall satisfaction with electronic trades provided the estimated regression equation ŷ = 0.3402 +0.8922x. Brokerage Speed Satisfaction Scottrade, Inc. 3.5 3.4 Charles Schwab 3.0 3.1 Fidelity Brokerage Services 3.3 3.2 TD Ameritrade 3.6 3.5 E*Trade Financial 3.4 3.7 Vanguard Brokerage Services 3.8 3.6 USAA Brokerage Services 3.3 2.9 Thinkorswim 3.1 3.6 Wells Fargo Investments 2.4 2.4 Interactive Brokers 2.6 2.2 Zecco.com 2.7 3.1 At the 0.05 level of significance, test whether speed of execution and overall satisfaction are related. Show the ANOVA table. What is your conclusion? Source Sum of Squares Degrees Mean Square F (to 2 decimals) of Variation (to 4 decimals) of Freedom (to 4 decimals) Regression Error Total P-value is - Select your answer - We Select your answer - V reject Ho : B1 = 0, we conclude that speed of execution and overall satisfaction Select your answer - V related.

An electronic appliance manufacturer wants to know if there is a relationship between percentage change in deposable personal income which is reported quarterly by the government, and the percentage change in appliances sold by the manufacturer following same years of quarterly data. Brenda Chee and Clarence Paulus lead an analyst team has obtained data for the past 10 quarters. (Hint: Provides your answers in two decimal points)Table 1 Quarter % change in income % Change in appliance sold Quarter % change in income % Change in appliance sold 1 -2.3 -2.5 6 -1.0 1.0 2 -1.5 -1.0 7 0.7 1.4 3 2.8 7.4 8 5.2 3.4 4 0.5 2.6 9 -2.5 -0.5 5 4.6 8.5 10 1.7 1.8 (a) What forecasting model should be used for this data. Why? (b) Develop the forecasting model that you have proposed in (a)

Taxes has no effect in the capital structure based on the MM Proposition. Correct Wrong