Loose-leaf Microeconomics + Connect Plus (19th Edition)
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Business
Question: A Company owns land (cost BDT 200,000) for which it uses reva
A Company owns land (cost BDT 200,000) for which it uses revaluation accounting. It has the following information related to this asset, the only land asset that Wang owns.Date Fair ValueJanuary 1, 2014 BDT200, 000 December 31, 2014 215,000December 31, 2015 185,000December 31, 2016 205,000 Determine the amounts to be reported by the company at …
Question: A Company owns land (cost BDT 200,000) for which it uses reva Read More »
Question: No borrowing constraints. Consider consumers who live for two p
No borrowing constraints. Consider consumers who live for two periods, with real disposable income, i.e., net of taxes, in each period as given below. Consumers are assumed to smooth consumption as evenly as possible (consume the same amount in each period). The real interest rate at which consumers can borrow and lend is R = …
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Almarai Company is a wholesale distributor of dairy products in Saudi Arabia. the company sells its products throughout the GCC countries include (Saudi Arabia, Qatar, and UAE). Unfortunately, the company’s profits have been declining, which has caused considerable concerns to the management. To help understand the condition of the company, Mr. Salim Albadr, the managing director of the company has requested that the monthly income statement to be segmented by sales country. Accordingly, Miss. Reem Aldosari, the managerial accountant, has prepared the following statement for March 2017, the most recent month. Sales country Saudi Arabic Qatar UAE Sales 240000 QR 640000 QR 560000 QR Country expenses (Traceable) : Cost of goods sold 74400 192000 252000 Salaries 43200 44800 89600 Insurance 7200 12800 11200 Advertising 84000 192000 196000 Depreciation 16800 25600 22400 Shipping 12000 25600 33600 Total Territorial expenses 237600 492800 604800 Territorial income (loss) before corporate Expenses 2400 147200 -44800 Corporate expenses : advertising (general) 12000 32000 28000 General administrative 16000 16000 16000 Total corporate expenses: 28000 48000 44000 Net operating income -25600 99200 -88800 The company consider the Cost of goods sold and shipping expenses are both variable; other costs are all fixed. Almarai produces dairy at its farms in Alkharg city in KSA, and it distributes its products to the three countries listed above. Each of the three sales countries has its own manager and sales staff. The dairy products vary widely in profitability; some have a high margin and some have a low margin. Required: 1- List any disadvantages or weaknesses of the statement format illustrated above. (1 Mark) 2. Prepare a new-segmented contribution format of income statement for March 2017. Show the data for each country as well as the “Total” column. In addition, for the company as a whole and for each sales country, show each item on the segmented income statement as a percent of sales. (3 Marks) 3. Analyze the statement that you prepare in (2) above. What points that might help to improve the company’s performance would you bring to management’s attention. (1 Mark) 4. If the company has allocated the total corporate expenses on the basis of advertising show times, and you know that the show times was as follows: Almarai Branches Advertising show times per geographic segment Saudi Arabia 30 Minutes Qatar 20 Minutes United Arab Emirates 10 Minutes (2 Marks)
Almarai Company is a wholesale distributor of dairy products in Saudi Arabia. the company sells its products throughout the GCC countries include (Saudi Arabia, Qatar, and UAE). Unfortunately, the company’s profits have been declining, which has caused considerable concerns to the management. To help understand the condition of the company, Mr. Salim Albadr, the managing …
Research Essay Question As technological advances and artificial intelligence play an increasingly prominent role in modern organisations, is Taylor’s Scientific Management more or less relevant today and into the future than it was in the 20th century? Your answer to this question should be based on your research and should be supported by relevant examples. NOTE: This is a research assignment, so we want you to use academic resources from tools like the library databases to do your research and find credible academic sources to support your argument. Your essay must use at least 5 separate sources (ideally more), and at least 3 of your minimum 5 sources must be academic (i.e. peer reviewed) in nature. These academic sources are likely to provide you with what you need for the theoretical components of your essay. You can refer to non-academic sources for organisational examples to support your argument.
EXPERT ANSWER DISCOVERING, NARROWING, AND FOCUSING A RESEARCHABLE TOPIC Try to find a topic that truly interests you Try writing your way to a topic Talk with your course instructor and classmates about your topic Pose your topic as a question to be answered or a problem to be solved FINDING, SELECTING, AND READING SOURCES …
Almarai is an integrated organization spanning its food and beverage products from dairy farms through to retail stores.The other brands are known as “ALMARAI”, “ALYOUM”, “SMOOTHY” and “ZADY”. Almarai company limited, a dairy company, provides nutritious food and beverages in Saudi Arabia. It provides dairy liquids, including flavored milks and lactose-free milk; yoghurts and desserts; food products, such as cheese spreads, cheese slices, butter, ghee, cream, and mozzarella; fruit juices; bakery products, including breads, ready-to-eat pastries, and biscuits; and poultry products.
Case Study -Almarai About the Company Almarai is an integrated organization spanning its food and beverage products from dairy farms through to retail stores.The other brands are known as “ALMARAI”, “ALYOUM”, “SMOOTHY” and “ZADY”. Almarai company limited, a dairy company, provides nutritious food and beverages in Saudi Arabia. It provides dairy liquids, including flavored milks …
Almarai is an integrated organization spanning its food and beverage products from dairy farms through to retail stores.The other brands are known as “ALMARAI”, “ALYOUM”, “SMOOTHY” and “ZADY”. Almarai company limited, a dairy company, provides nutritious food and beverages in Saudi Arabia. It provides dairy liquids, including flavored milks and lactose-free milk; yoghurts and desserts; food products, such as cheese spreads, cheese slices, butter, ghee, cream, and mozzarella; fruit juices; bakery products, including breads, ready-to-eat pastries, and biscuits; and poultry products.
Case Study -Almarai About the Company Almarai is an integrated organization spanning its food and beverage products from dairy farms through to retail stores.The other brands are known as “ALMARAI”, “ALYOUM”, “SMOOTHY” and “ZADY”. Almarai company limited, a dairy company, provides nutritious food and beverages in Saudi Arabia. It provides dairy liquids, including flavored milks …
Accounting information provides useful information about business transactions. Those who provide and use financial reports must often select and evaluate accounting alternatives. The FASB statement on qualitative characteristics of accounting information examines the characteristics of accounting information that make it useful for decision-making. It also points out that various limitations inherent in the measurement and reporting process may necessitate trade-offs or sacrifices among characteristics of useful information.
Scenario: Accounting information provides useful information about business transactions. Those who provide and use financial reports must often select and evaluate accounting alternatives. The FASB statement on qualitative characteristics of accounting information examines the characteristics of accounting information that make it useful for decision-making. It also points out that various limitations inherent in the measurement and reporting …
1.Information that has predictive value, confirmatory value, and is material is said to have this fundamental qualitative characteristic.( ) 2.Information that is complete, neutral, and reasonably free of error is said to have this fundamental qualitative characteristic.( ) 3.This enhancing qualitative characteristic requires that similar companies should apply the same accounting principles to similar events for successive accounting periods.( )
Choose the correct answer:： a. Comparability b. Completeness c. Confirmatory value d. Cost constraint e. Faithful representation f. Freedom from error or bias g. Materiality h. Neutrality i. Predictive value j. Relevance k. Timeliness l. Understandability m. Verifiability 1.Information that has predictive value, confirmatory value, and is material is said to have this fundamental qualitative …
Match the listed qualitative charateristics of useful financial information discussed in this chapter to each of the following statements below. (a) Information that has predictive value, confirmatory value, and is material is said to have this fundamental qualitative characteristic. (b) Information that is complete, neutral, and free of error is said to have this fundamental qualitative characteristic. (c) Public accountants perform audits to determine this enhancing qualitative characteristic. (d) This quality requires that information cannot be selected to favour one position over another. This enhancing qualitative characteristic describes information that a reasonably informed user can interpret and comprehend. When information provides a basis for forecasting income for future periods, it is said to have this quality. (9) This enhancing qualitative characteristic requires that similar companies should apply the same accounting principles to similar events for successive accounting periods. (h) This quality results in information that has nothing important omitted. (i) This restriction requires that the value of the information presented should be greater than the cost of providing it. (i) This quality describes information that confirms or corrects users’ prior expectations. (k) This enhancing qualitative characteristic requires that information be available to decision makers before it loses its ability to influence their decisions. (1) Faithful representation means that information is complete, neutral, and this third quality. (m) This quality allows items of insignificance that would not likely influence a decision not to be disclosed. Comparability Understandability Faithful representation Completeness Cost constraint Freedom from error or bias Materiality Confirmatory value Timeliness Relevance Verifiability Neutrality Predictive value
EXPERT ANSWER (a) Relevance Information that has predictive value, confirmatory value, and is material is said to have this fundamental qualitative characteristic. (b) Faithful representation Information that is complete, neutral, and free of error is said to have this fundamental qualitative characteristic. (c) Verifiability Public accountants perform audits to determine this enhancing qualitative characteristic. (d) …