Common-Size Income Statement Compared
to Industry Average
For the Year Ended December 31, 2014
Net sales .
Cost of goods sold .
Gross profit .
For HROB 2002 EL
1. Monica is the HR Director of a manufacturing company. She recently undertook
research to identify competitor compensation and incentive plans, information about
pending legislative changes, and availability of talent
Accounting: The Key to Success
A business organization is one or more individuals selling products or services for profit. The
three forms to be examined are: sole proprietorship, partnership and corporation.
1. Sole Proprietorship
Debit entries first
Credit entries second
Don't forget an explanation
Separate debit and credit entries for each account
Account numbers provide posting references for Gene
List of accounts
Chapter 1: Business and Its Legal Environment
One of the important function of law in any society is to provide stability, predictability, and
P LANNING (CH. 4 & 5)
Mgmt 321: Howard-Grenville
The Concept of Strategy
The prim ary tas k of top m anage m e nt is thinking
through the m is s ion of the bus ine s s that is ,
a s king the que s tion: hat is our bus ine s s
Solution to Assignment Problem 15-4
The NIFTP and Taxable Income for Fortan Ltd. for the period ending Dec. 31 is as follows: Accounting Net Income Before Taxes Add Back: Golf Club Membership Fees $1,080 Non-Deductible Portion of Meals 410 Warranty R
Solution to Assignment Problem 18-8
Ms. Chadwick is the owner of all 22,500 common shares of Norton Ltd., with a FMV of $2,465,000 and an ACB/PUC of $225,000 She has heart trouble. She wants to sell her shares and offset the capital gains wit
Solution to Assignment Problem 18-7
Part A: A/R & Temporary Investments
A/R: Tax Value $120,000 FMV $112,000 A Section 85 rollover would make the $8,000 loss a disallowed capital loss The correct approach is to exclude A/R from the rollover and sell
Solution to Assignment Problem 15-9
The Provincial Allocation for Borodin Ltd.
Province Alberta BC Nova Scotia Sask. Ontario Total Salaries & Wages $ Amount Percent 928,000 16 1,160,000 20 754,000 13 464,000 8 2,494,000 43 5,800,000 100 Gross Revenue
Solution to Assignment Problem 15-7
3(a) Income from all sources: Accounting Income $110,000 Charitable contributions 3,200 Accounting Gain on Disposition of Land ( 18,000) $ 95,200 3(b) Taxable Capital Gains: 1/2 X $18,000 3(c) Subdivision e De