Accounting and Financial Management for Sales- myassignmenthelp

Question: Discuss about theAccounting and Financial Management for Credit Sales. Answer: Comprehensive income statement for year ended 31st December 2016 Particulars Note Amount Amount REVENUE Costume revenue - costume hire 75,000.00 Costume revenue - costume sales 20,000.00 Less: Sales return 1 1,700.00 Total revenue 93,300.00 Less: Cost of sales 8,000.00 Gross revenue 85,300.00 LESS: EXPENSES Salaries 2,800.00 Cleaning 3,000.00 Accounting fees 1,800.00 Insurance 2 416.67 Interest expense 2,100.00 Marketing 2,750.00 Depreciation expenses 3 57,900.00 Total expense 70,766.67 Net income 14,533.33 Financial Position as on 31st December 2016 Particulars Note Amount Amount ASSETS Current assets Cash 14,500.00 Accounts receivable 23,600.00 Less: Bad debts 1 1,700.00 36,400.00 Inventory - costumes 6,500.00 Prepaid insurance 2 833.33 Total current assets 43,733.33 Non-Current assets Building 1,06,000.00 Less: Depreciation 3 10,600.00 95,400.00 Delivery truck 49,000.00 Less: Depreciation 3 9,800.00 39,200.00 Costumes 75,000.00 Less: Depreciation 3 37,500.00 37,500.00 Total non-current assets 1,72,100.00 Total assets 2,15,833.33 LIABILITIES Current liabilities Suspense account 400.00 Non-current liabilities Mortgage payable 1,00,000.00 Add: Interest payable 4 15,000.00 1,15,000.00 Total non-current liabilities 1,15,400.00 Shareholders equity Capital -Peter Pan 1,20,000.00 Less: Drawing 34,100.00 85,900.00 Net income 14,533.33 Total shareholder's equity 1,00,433.33 Total liabilities and equity 2,15,833.33 Statement of changes in equity for year ended 31st December 2016 Particulars Amount Capital - Peter Pan 1,20,000.00 Drawing -34,100.00 Net income 14,533.33 Balance as on 31st December 2016 1,00,433.33 Notes for adjustments Credit sales return As the sales made during the year amounting to R 1700 has been returned by the customer, it will be reduced from the revenue from the costume sales as well as from the account receivables. Prepaid insurance Total amount paid for 12 months 1,250 4 months insurance (1250*4/12) 466.67 8 months insurance (1250*8/12) 833.33 Total 1,250 As the 4 months period that is, 1st September 2016 to 31st December 2016 falls under the current year, it will be accounted as expense of the current year. On the other hand, As the 8 months period that is, 1st January 2017 to 31st August 2017 falls under the next year, the amount of 833.33 will be treated as current asset. Depreciation Asset Value Depreciation Adjusted value Building 1,06,000.00 10,600.00 95,400.00 Delivery truck 49,000.00 9,800.00 39,200.00 Costumes 75,000.00 37,500.00 37,500.00 Interest on mortgage Interest at 15% will be 100,000*15/100 = 15,000 Background of SAA SAA is the carrier of national flag from South Africa and the most rewarded airline from the continent. For last 80 years, SAA is engaged in transportation of the cargo as well as the passengers from the country. The airline provides various related services through the wholly owned subsidiary and through the group. Recent development SAA has revalidated their turnaround strategy for the long-term period and updated the strategic plan for navigating the economic, political, and the social environment under which it operates. Ratio calculation Ratio Formula 31st March 2016 31st March 2015 Amount Result Amount Result Liquidity and efficiency Current ratio Current assets 9,681 0.54 7022.00 0.41 Current liabilities 18,060 16947.00 Acid test ratio Current assets less inventories 8,954 0.50 6297.00 0.37 Current liabilities 18,060 16947.00 Accounts receivable turnover Net sales 28,827 4.49 28513.00 5.89 Accounts receivable 6,422 4842.00 Profitability Return on asset ratio Net Income -1,473 -8.79 -5639.00 -39.17 Total assets 16,761 14396.00 Return on sales Net income -1,473 -5.11 -5639.00 -19.78 Sales 28,827 28513.00 Debt ratio Total liabilities 27,725 1.65 23639.00 1.64 Total assets 16,761 14396.00 Equity ratio Total equity -10,964 -0.65 -9243.00 -0.64 Total assets 16,761 14396.00 Conclusion It can be concluded from the above analysis that the performance of the company in some aspects has been improved as compared to the previous year and in some aspects the performance has been worsened. However, if the overall performance of the company is considered, it can be identified that the performance of the company is not at all satisfactory. The liquidity ratio is indicating that the company is not efficient to pay-off the short-term obligation. Further, the company is not able to generate profit in both the year. Moreover, the solvency ratio is indicating that the company is highly leveraged and the solvency level is significantly low. Bibliography Ak, B. K., Dechow, P. M., Sun, Y., Wang, A. Y. (2013). The use of financial ratio models to help investors predict and interpret significant corporate events.Australian journal of management,38(3), 553-598. Bodie, Z. (2013).Investments. McGraw-Hill. Omar, N., Koya, R. K., Sanusi, Z. M., Shafie, N. A. (2014). Financial statement fraud: A case examination using Beneish Model and ratio analysis.International Journal of Trade, Economics and Finance,5(2), 184. Zainudin, E. F., Zainudin, E. F., Hashim, H. A., Hashim, H. A. (2016). Detecting fraudulent financial reporting using financial ratio.Journal of Financial Reporting and Accounting,14(2), 266-278.

Life, Death and Discussion in Research Paper

Life, Death and Discussion in Research Paper If there's no statistical result to support the recommendation, then it has to be canceled. If you're not certain, go here. Teamwork will probably be poor. Once you get your outline facing you, you can begin to map out how your results fit in the outline. Most theories suggest that only very disturbed folks do horrible actions if they're ordered to achieve that. For example, a number of men and women skim to learn what information can be found on a subject. It is crucial to begin contemplating the result as you begin the job. Describe the essence of the knowledge gap you were hoping to fill employing the outcomes of your study. Many writers confuse the information that they should include in their discussion with the info they ought to place in their conclusion. You need to always remember the key goals when writing your Discussion chapter. To put it differently, the better part of the Discussion and Conclusions sections ou ght to be an interpretation of your results. A full grasp of the limitations of your research a part of an excellent discussion section. At length, the Discussion makes it possible for you to speculate on what you believe your data are telling you. Many times, the discussion section is going to be a discussion of wherever your findings did not match your initial hypothesis. The findings of your research ought to be included in a distinct section of your academic article, since it's the only section having data and results. The absolute most important result is the one which answers your research question. As a consequence, writing research paper will lead simply to success. As stated previously, you might come across crucial data in somebody else's study that assists you to interpret your own data, or maybe you'll have the ability to reinterpret others' findings in light of yours. When you perform a study, it's wonderful to let others know what you've found and what it means. Conclusions which are too lengthy often have unnecessary information within them. Doing this might raise questions regarding your first research design and protocols. Highlighting the demand for more research provides the reader with evidence that you've got an in-depth awareness of the research issue. The same as the abstract, the objective of a summary for research paper is going to be to provide the audience a concise overview of what that study says. It is a good idea to work on a manuscript regularly to prevent losing familiarity with the report. A good example conclusion is provided below. Make sure, however, your conclusion isn't only a repetitive review of the findings. Thus, the authors should examine the manuscript for three or more times after finalization of the manuscript based on joint choice. You are able to also utilize appendices if you've got a number of other helpful figures or tables which can't be fully included in the text of your academic article. Therefore, the Results' section is important in expressing the importance of an academic article. These words and phrases may be used. An abstract arrives at the start of the work with an overview of the findings, but the student has to compose it after the remainder of the sections are ready, for example, conclusion. Attention also needs to be paid to the journal requirements, as some journals will require that a certain proportion of the references have to be published within the previous 5 to a decade. Lastly, experimental research ought to be conducted to test many strategies for preventing examination malpractice to figure out which strategies are most effective. Second, researchers should determine what kinds of factors influence students to take part in examination malpractice. Usually, after completion of t he analysis, it is quite hard to address the problems which may be discerned during the writing process. You may have to organize your data in a means that's different from the manner in which your surveys or other instruments were organized. The thesis may be a scientific experiment or a comprehensive analysis of a specific bit of literature. As soon as you finished scanning your article, you have to read it thoroughly next. Research articles usually utilize standard formats to communicate in a crystal clear manner any sort of information regarding an experiment. What You Can Do About Discussion in Research Paper Starting in the Next 4 Minutes At the base of the article you will even have an opportunity to see which paintball discussion forum is the largest on the internet, simply follow the link at the base of the short article. If you are searching for insight on the following buy, or need to learn more about a particular paintball gun, don't forget to stop by PbReview, y ou'll discover a lot of insightful tips. An individual may add a rhetorical question for a hook. Aside from the paintball discussion forum you will discover a paintball gear review section, and a paintball field directory.

Madeline Barnard Essays (292 words) - Visual Arts, J. M. W. Turner

Madeline Barnard Professor Coffey HS-102-01 4 October 2016 Art of The Industrial Revolution The Industrial Revolution was a time where there were advancements changing society in a huge way. This was a start of a new era for many cities, as technology advanced and as the use of natural resources slowly diminished. New developments such as windmills, steam engines, and production lines came out during this new era. With these new products, mass production started to increase. Many of these creations did start to comprise nature by creating smog that spread throughout the nation. With theses, new changes in society, the art changed as well. Painters started to incorporate theses differences into their paintings. J.M.W. Turner was one of the mot recognizable painters in this time. Some of his most famous paintings were the ones focused on how nature as changed throughout the Industrial Revolution. Rain, Steam, and Speed: The Great Western Railway was one his paintings focused on the Industrial Revolution. The strong contrast of light to dark represents a transitional period. Additionally, the bridge in the background embodies the change in time period and how it connects two times periods. The train in the painting represents the new advancement that was made in society, while the smoke coming out of the train represents the downfall of nature. Throughout the painting, you can observe smoke everywhere if you look through the smog you can see a beautiful scenery in the background. By coving that up with smoke I believe he is showing how the new advancements are endangering nature or beauty of the surroundings. Overall I imagine J.M.W. Turner's main idea of this painting was to show how nature was being destroyed by the Industrial advancements.

Best Topics For An Argumentative Essay

Best Topics For An Argumentative EssayThe best topics for an argumentative essay are the ones that have to do with controversial issues. Arguments are always good, but sometimes it's better to present your points in a light that will get your point across to the reader rather than in a way that is going to be out of step with your author's message.Once you've decided on a controversial issue you can begin doing research on the topic. There are many resources available online for this purpose, some free and some not. To get the most out of your research you should begin by finding a reliable resource for information about the topic.The most important thing you need to remember is that there is no single authoritative source on any subject. Some sources will offer a more balanced point of view than others. It is important to find a source that is sympathetic to your viewpoint. This will help you when writing your argument.When researching your topic it's also helpful to start by doing a little bit of in-depth research into the background of the people involved in the case, especially on the subject of the controversial issue. In order to have a fair and accurate representation of the question at hand you need to understand the person's background. That will give you a solid basis for understanding their perspective and their views on the matter at hand.If you're really committed to getting the most out of your argument you should make a point of conducting background research as part of your research. This will help you get a better understanding of the person who is the subject of the argument. This will also help you get a feel for the person's character and how they may react to certain situations.You should also be looking for themes in the debate. Are theretoo many two opposing viewpoints on the topic? Are there people who are indifferent to the debate, or even outright against it?Using quotes from people who are involved in the debate as well as looking at the statistics and data provided by the opposing parties is a real way to get a better understanding of the subject at hand. Finally, remember that it is often the best argument that is based on the facts, and not one that is based on emotion. An emotional response to a situation will not make any sense to a judge, nor will it make any sense to anyone else. If you try to argue with emotion it will just result in a lack of success.It is possible to write an argumentative essay that will be very persuasive, and these tips should help you to accomplish this. And once you've written your argument you should spend some time making sure that it fits in with the theme of the essay as well as the audience.

Research Paper Topics for High School Students

Research Paper Topics for High School StudentsFor high school students, finding good research paper topics is often a chore. In fact, it can even be a task to do alone because of the vast amount of available information in most college courses. If you've already gone through this, then you know what I'm talking about. But if you're still looking for topics for your research paper, here are a few ideas that may come in handy.You might consider choosing Broadway shows as your topic. Shows can usually provide good information about the time period in which they were produced and are thus a great topic for your research paper. For example, you could research which shows were made at which locations, how long the show ran, etc. Most shows have web sites where you can see pictures of the sets, costumes, props, and so on. And since they're all linked, it's easier to look up what you need online than if you went directly to the show website itself.A very popular Broadway show in the recent p ast was The Phantom of the Opera. Here, you'll find information about the costume styles worn by the actors, historical events in Europe at the time, and who actually played the Phantom. (Actually, most of the Phantom's scenes were shot on Broadway, but he did appear in London a few times). The Phantom was written by Lin-Manuel Miranda and featured lots of music from other popular Broadway musicals.For a different type of research paper, look into the history of Broadway. On the whole, there has been an ongoing renaissance in Broadway, with new productions constantly being put on. Some of the best tickets are usually on the midnight runs when shows are re-scheduled due to unforeseen circumstances. Look at some of these performances online and you might be able to use some of the more popular shows as background on your research paper.There's a lot more to theater studies than you might think. For example, most shows don't spend a lot of time talking about the specific technical aspe cts of the show, such as lighting, sound, and stagecraft. This information is more complicated than you might think. Instead, most shows will have videos of their performances, interviews with the actors, background information on the themes of the show, an analysis of the characters, etc. If you can find these kinds of videos or audio interviews, you might be able to put them in your research paper to really get your point across.Another one of the more popular choices for research topics is celebrity gossip. The stories behind famous celebrities can often be incredibly entertaining, even for the layperson. You'll find many of the same stories in the news on a regular basis as well, but that doesn't mean they're not interesting. They can be quite revealing and entertaining, especially if you can find information from people who were around at the time of the story. It can be fascinating to read an interview with the famous person themselves and get a taste of the kind of personalit y that was front and center at the time.Probably the most difficult of all research paper topics is the science fiction genre. This is a genre that includes many works from many different artists. As such many of the original works never make it to the silver screen. However, some do, such as William Gibson's famous novel Neuromancer and its sequels. In fact, the author's essays have become famous for much of the same reason that movies like The Matrix have become popular: to explore concepts of consciousness and technology in different ways.These are only a few ideas you might want to consider. What topics would you consider? Which subjects did you skip because they seemed too difficult?

The Best Websites to Write Term Papers

The Best Websites to Write Term PapersIf you want to make money from the internet or if you are interested in an alternative way of earning money without having to pay rent and other daily expenses, you should start learning how to create the best websites to write term papers. If you are having trouble finding the best sites on the internet, don't worry.You can get very powerful features with minimal cost. Many people choose to design their own websites but that may not be the best solution for you. Instead, you need to do research before you begin your project. Not only will you need to find the best sites to write term papers that will help you earn money online, you will also need to find the best sites to write term papers that will help you earn more money.You will have the opportunity to make money on the internet, but you can only get so far without financial resources. You will also need to come up with ideas that people will trust and appreciate. So, find the best websites to write term papers that will help you earn more money.When you learn how to get more people to buy products, you can then make money online. However, that is not possible if you do not have the knowledge and ability to market and advertise. That is why you should find the best websites to write term papers that will help you earn more money.This is one method that you can use to promote your products. What most people forget is that many people find it very difficult to market and advertise. If you give them a website where they can advertise, you will be able to get more people to try your product or service.Your website will need to attract readers. With each visitor you get, you will be able to make more money online. The best way to do this is to find the best websites to write term papers that will help you earn more money.To find these websites, you need to learn how to become a professional. If you are serious about getting a new source of income, you will have to learn how to take your product or service to a higher level of prominence. You will need to come up with ways to market and advertise your product.

Free Essays on Low Carb Phenomenom

America’s Low-Carb Diet Craze First Draft A cardiologist wrote a book that started a revolution that changed the way Americans think about food. Dr. Robert C. Atkins has taught everyone that carbohydrates are the enemy. Throughout the past decade many low-carb diets have become popular, an estimated 26 million people have tried it, and marketers have been quick of capitalize on the trend. Every time you go to the grocery store or turn on the TV you can find new products that have little to no carbohydrates. Diets are a huge consumption phenomenon in the United States. Everyone, male and female, want to lose weight to and have bodies like the pop stars. There have been many fad diets like the cabbage soup diet, the grapefruit diet, the Popsicle diet, the blood-type diet and the Hollywood weekend diet. There are also many different brands of diet pills that claim to increase your metabolism and reduce your appetite such a Dexatrim and Xenadrine. Dieting itself isn’t new, but limiting carbohydrates is. The Wheat Foods Council commissioned a Gallup poll in 1999. The telephone survey â€Å"Setting the record straight: What American’s Think about Fad Diets, Nutrition Advice and Food† polled 1000 consumers. The results showed that 52% of people had dieted to lose weight and many of them said that they had cut out important foods to do so. The poll also found that 82% considered the carbohydrate heavy USDA food guide pyramid to be the basis for a healthy diet. But, 40% of them said they had tried a low-carb, high protein diet like the Atkins diet. The low carb diet craze took off in the nineties when Atkins published Dr. Atkins’ New Diet Revolution. In 1997 the book began its five-year run on the New York Times bestseller list. This diet isn’t brand new though, Atkins wrote his first book in the early 1970’s but it didn’t catch on until recently. During the 1980’s the best selling diet book was the F-Plan Diet by... Free Essays on Low Carb Phenomenom Free Essays on Low Carb Phenomenom America’s Low-Carb Diet Craze First Draft A cardiologist wrote a book that started a revolution that changed the way Americans think about food. Dr. Robert C. Atkins has taught everyone that carbohydrates are the enemy. Throughout the past decade many low-carb diets have become popular, an estimated 26 million people have tried it, and marketers have been quick of capitalize on the trend. Every time you go to the grocery store or turn on the TV you can find new products that have little to no carbohydrates. Diets are a huge consumption phenomenon in the United States. Everyone, male and female, want to lose weight to and have bodies like the pop stars. There have been many fad diets like the cabbage soup diet, the grapefruit diet, the Popsicle diet, the blood-type diet and the Hollywood weekend diet. There are also many different brands of diet pills that claim to increase your metabolism and reduce your appetite such a Dexatrim and Xenadrine. Dieting itself isn’t new, but limiting carbohydrates is. The Wheat Foods Council commissioned a Gallup poll in 1999. The telephone survey â€Å"Setting the record straight: What American’s Think about Fad Diets, Nutrition Advice and Food† polled 1000 consumers. The results showed that 52% of people had dieted to lose weight and many of them said that they had cut out important foods to do so. The poll also found that 82% considered the carbohydrate heavy USDA food guide pyramid to be the basis for a healthy diet. But, 40% of them said they had tried a low-carb, high protein diet like the Atkins diet. The low carb diet craze took off in the nineties when Atkins published Dr. Atkins’ New Diet Revolution. In 1997 the book began its five-year run on the New York Times bestseller list. This diet isn’t brand new though, Atkins wrote his first book in the early 1970’s but it didn’t catch on until recently. During the 1980’s the best selling diet book was the F-Plan Diet by...