Basic income

It seeks to keep in view the socio economic environment in India, where capital is scarce and labor is abundant. However, a definition exist only for tiny and small units, medium sized enterprises are not defined either technically or legally. Industrial undertaking in which the investment in fixed assets in plant and machinery, excluding land and building, whether held on ownership terms or on lease or on hire purchase, does not exceed Rs. 1 Crore. WORKING CAPITAL MANAGEMENT Decisions…

Statement of financial performance- Income statement 5.1 Woolworths Limited * EBIT: Appendix figure 4 As the figures showing above, we can see that the retained profit was increasing from 2730.3 million to 4661.1 million, which is 71%higher than 4 years ago. The company was earning…

7) The auditing procedures or approaches that could have been used for your case. In particular, strive to answer the following questions: a) How what could what auditors normally do be tweaked (e.g. nature, timing or extent) to catch management off guard? The auditors should assess the company’s environment and market in order to determine whether there is a possibility of the management fraud. The auditors could gather an understanding by investigating the management’s background, look for…

Statement Assignment How does a personal cash flow statement help you organize your finances? A personal cash flow statement gives you the ability to separate your finances in diverse groups so you can receive a idea of where certain parts of your income is going, I enjoy the ability to see details about my finances. Like when you go shopping the cashier gives a receipt, this allows you to see how many items you purchased. Spending plays a large part in your cash flow statement as well;…

a snapshot and long-term picture of the business and guides many investment decisions in the business as well as helps to track performance by reviewing its financial statements including income statements, balance sheets, and statement of cash flows. The Purpose of the Income Statement The purpose of the income statement is simply to show the profit or loss of a business operation over a specified accounting period such as quarterly or annually…

structure the business for taxation purposes; often saving clients thousands in potentially exposed liability. Provided clients with further interpretation of Australian Tax compliance and the impact of any legislative changes. • Prepared and submitted income tax returns and BAS. • Set up companies and trusts including registration with Australian Securities Investment Commission (ASIC), and acted as company secretary as required for the client. • Prepared client end of month reports,…

highest rate amongst the developed nations” (Dubay, 2015). Meaning, that U.S. companies pay a lot more in taxes than foreign companies do. Therefore, if Congress eliminated corporate taxes, Amazon would report a higher income since their earnings will no longer be taxed. This higher income would allow Amazon to partake in more investments such as the purchases of plant assets that they can use to earn additional revenue. Since Amazon would be doing well financially they would be able to provide…

Because of this the net cash provided to them from operating activities is lower than it could be if they let their inventory shrink a little. For example, let’s say that GAP’s net income for the year is around $200,000, and they have a depreciation expense of $10,000, a decrease in accounts receivable of $3,000, an increase of inventory of $30,000, and an increase in accounts payable of $15,000. This would leave them with net cash…

College Scholar Academy Background My educational business is a college access consulting service practice. The market area for my business is students and parents who live in Michigan and surrounding Midwest areas. I will target homeschool, virtual school, suburban area, Upper Peninsula Michigan, and international students. The academy will help students with their educational goals but it will also help parents too. The academy will help parents who:  Feel overwhelmed with the college…

Big Green Egg The Big Green Egg is an oval shaped high-quality cooking system that offers the ultimate cooking experience. Its origin dates back to the 3rd century and its popularity spread during World War II. It is designed with state of the art ceramics, a patent draft door and dual function metal top that permit a wide range of easily adjusted cooking temperatures from ultra-high heat to low and slow smoking (Big Green Egg, 2015). The Green Egg can be used to cook all meats, seafood, pizza,…