FMGT 2293 Chapter 1 Assign Solution

FMGT 2293 Chapter 1 Assign Solution - FMGT 2293 Chapter 1...

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FMGT 2293 Chapter 1 Assign Solution 292 1-31 A B C D Current Assets $ 650,000 $420,000 $150,000 $ 320,000 Non-current Assets 1,150,000 380,000 210,000 760,000 Total Assets 1,800,000 800,000 360,000 1,080,000 Current Liabilities 750,000 170,000 50,000 410,000 Non-current Liab. 500,000 205,000 120,000 270,000 Shareholders‟ Equity 550,000 425,000 190,000 400,000 Total Liabilities and Shareholders‟ Equity 1,800,000 800,000 360,000 1,080,000 1-33 a) A Slice of Life Income Statement For the month of November, 2xxx Sales $23,870 Cost of ingredients expense $7,130 Employee wages expense 5,120 Rent expense 1,200 Electricity expense 670 Water expense 420 Telephone expense 220 Total Expenses 14,760 Net Income $ 9,110 b) Other costs that Jason might have incurred in November not listed above include: 1. Amortization of kitchen facilities and equipment 2. Income taxes 3. Amortization of pizza delivery vehicles 4. Other employee benefit costs such as employer portion of CPP and EI
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1-35 a) Item
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This note was uploaded on 09/25/2010 for the course FMGT FMGT 2293 taught by Professor Hamere. during the Summer '09 term at Langara.

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FMGT 2293 Chapter 1 Assign Solution - FMGT 2293 Chapter 1...

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