Cash dividend affects primarily cash and shareholder’s equity accounts. Nokia has ‘5832536262’ outstanding share, share owned by the group ‘52944582’ and the number of share excluding shares owned by the group ‘5779591680’ at 30th June 2016. Share market controls the company directly, so its effect balance sheet. Company’s shareholder’s dividend is payable, which is a liability account. If dividend get higher price in share market, its effect directly in company’s financial…
substandard standing. This verdict was reached through the analyzation of the following ratios in comparison to the industry average: return on equity, current ratio, fixed asset ratio,sales to working capital, cost of sales/inventory, cost of sales to payable , and EBIT. After reflecting on the analysis of these ratios and the industry average, it is in our professional opinion that we advise to avoid investing in Target due to their lack of proper investment. The return on equity ratio…
Prepare a post-closing trial balance at January 31, 2014. Closing trial balance at Jan. 31, 2014 Date Explanation Dr Cr Jan. 31 sundries account of repair services revenue 31,200.00 Earned services revenue a/c 800.00 the Income Summary a/c 32,000.00 Jan. 31 By Income ummary a/c 5,780.00 sundries fuel expense a/c 600.00 rent…
decrease cash and increase accounts payable c. increase cash and increase accounts payable d. decrease cash and decrease accounts payable Objective: Evaluate financial statements of nongovernment organizations. 6. The accrual basis of accounting recognizes transactions’ effects on financial statements in the period when _____. a. revenues are earned and expenses are incurred b. cash is received or disbursed c. the transaction occurs d. the accounting equation is decreased…
that shared vision (Greenleaf, 1977, p.3). Proving that servant leadership is not a leadership style reserved for religious leaders, Fonda Jordan, a seasoned Accounts Payable supervisor exemplifies this leadership style over her team of nine at DB Schenker. Fonda Jordan began her tenure with DB Schenker in 2009 as a temporary Accounts Payable Coordinator where she demonstrated her value to the company and was hired on in a permanent position. Her talents set her apart from other employees…
estimate to have a positive cash flow in their first 3 years. Second, the team says that its total liabilities will decrease to zero in 2009. Their justification for this is that their notes payable will paid off. Fresh Cut Florals fails to recognize that as their company grows so will their accounts payables.…
indicates that a stable liquidity conditions (by the measured liquid) 93.11 100.56 The ratio shows that the company manages its inventory normal. It also shows the inventory turns. 22.07 26.36 Since the increase of the average number of days to collect accounts receivable that may be the focus of a company. This suggests that companies should be more active in collecting money. 74.4 74.5 No obvious fluctuation, the company's assets by debt. The lower the ratio, the better. Creditors that debt…
Baracus’ account. There are liabilities on both parties, although the bank is absolved of liability due to the failure of Mr. Baracus to exercise ordinary care with his checkbook. Bank Liability In the scenario involving Mr. Baracus, the bank accepted and paid on a forged check. Given that the check was presented to the…
Schwank Introduction Yajana Schwank is employed as an assistant manager in the accounts payable department at Creativity Checklist, Inc., a consulting firm based in Montecito, California. On June 28, 2013 Ms. Schwank filed a complaint for discrimination against Creativity Checklist, Inc. The complaint cited her gender and Latino ethnicity as the reasons that she was not granted a promotion to the position of accounts payable manager. Instead, a white male was promoted to that position.…
they have no control (Systematic Risk). For example, it is mentioned that actions and decisions of government, random behaviour of the economy, public reaction to the company or its products, market growth, risk business or market is not taken into account planning,…