Income statement

Summary In this case study, the main aim is to know deeper about a day in the life of a bank manager, Marjorie Wong-Gillmore. To know more in details about the day-to-day running of the business activities by each of the parties who are involved in the operation such as bank manager, employees and their management. It also involves to know more in details about Wong-Gillmore’s busy daily routines, relationship with her staff members, her customer and as well as outsiders. Furthermore it…

The claimants of this case are (C1) SUEZ FORTUNE INVESTMENTS LTD (C2) PIRAEUS BANK AE, the party of (C1) also the ship owner of this case. (D1) TALBOT UNDERWRITING LTD,(D2) HISCOX SYNDICATES LTD, (D3) QBE CORPORATE LTD, (D4) CHAUCER CORPORATE CAPITAL (NO.2) LTD, (D5) MARKEL CAPITAL LTD, (D6) CATLIN SYNDICATE LTD, (D7) APRILGRANGE LTD, (D8) BRIT UW LTD, (D9) NOVAE CORPORATE UNDERWRITING LTD, (D10) GAI INDEMNITY LTD. All of these companies are insurers and also the defendants of this case. The…

Question 1. Industry Background: There was no growth in 50$ billion domestic beer market between 1981 and 1994. Beer consumption drooped from 23,1 gallons per person in 1981 to 21,5 gallons in 1994. Stricter enforcement of laws related to age restrictions (from 18 to 21 age), social pressure on drinking and driving, healthy life style, which stagnated the industry. In this paper we are focusing on the following three general categories of US domestic beer market: major and second-tier domestic…

The ADR is the average daily price charged by the hotel for each occupied room. Depends on different types of room and how many sold per day, the average daily rate is different for each room. The ADR reflects the ability of the hotel how to balance the relationship by increasing the room rate or selling more overnights (Formula 2) or room nights (Formula 2) between revenues and occupied rooms. It is similar to the occupancy rate, special events, contract conditions or customer demands will…

Question 1 (Capital Investment Appraisal): (B) By Using results for all four methods of investment appraisal, write a report to the directors to advise them which project they should opt for, on the basis of quantitative information. There are different levels of it in each of them. The first project (A) the result was as following: • PBP = 6 years and 10.3 months • ARR = 16.3 % • NPV = RO. 65921 • IRR = 8.2 % While the second project (B) the result was as following: • PBP = 7 years and 10.2…

First I want to say something about business. What is business ? Business is an organization or economic system in which services and goods are traded for one another or for money. Business can be private business , not-for-profit or state business. Good business is depending on business plan that You make . Business plan is equally important for people that are starting new business and for people that are in the business for long time. Business plan is nothing else than good , realistic and…

been bankruptcy and other events leading to the closure of the company. SAS99 insisted on the consideration of the fraud in a financial statement audit but does not require it to occur in the statement. It is required as per the part of the protocol; the internal auditors should show sufficient professional expertise in critical evaluation of the financial statements and with skepticism. SAS 99 emphasizes that the internal control mechanism and the auditors should take risk of fraud, and should…

Economic Order quality or EOQ Formula The inventory costs may be broadly divided components: A PROCUREMENT COST (this includes administrative and provisioning costs.) B. STORAGE. COST (this includes carrying, handling, etc.) C. STOCK-OUT COST (this may be laid down by management according to its policy.) The first two may be broken down into a number of components. Typically, they are: A. (i) Requisitioning (ii) Order-placing (iii) Processing and progress-chasing (iv) Receiving, checking and…

1a. A tax is a deduction from your taxable income. It is deducted from your total income once it (total income) crosses a certain bracket for the year. Taxes are mandatory, and if not paid, can have legal ramifications. In Trinidad and Tobago there are many different types of taxes that the individual or corporation pay to the government, such as income tax which is deducted from individual’s whose gross salaries per annum exceeds a total of $72,000.00 TTD. There is also value added tax…

Whiting Petroleum (WLL) Whiting Petroleum announced its third quarter 2015 results on Wednesday, 28th October. The company produced 14.8 million barrels of oil equivalent (MMBOE) at the average rate of 160,590 barrels of oil equivalent per day (BOE/d). The total production was 38 % greater than the third quarter production of last year. This production volume is without the 8,700 BOE/d of production capacity from the assets sold out in the second quarter of this year. Till now, the company has…