The following information is taken from the records of XYZ Company Calculate the gross profit margin and net profit margin using the above data, and comment on the trend you observe. COGS are $189 million in 2013 and 93 million in 2012 and 66 million in 2011 and 65 million in 2010 and 50 million in 2009 gross profit is 63 million in 2013 and 48 million in 2012 and 54 million in 2011 and 60 million in 2010 and 50 million in 2009. and net profit is :12 million in 2013 and 5 million in 2012 and 15 million in 2011 and 20 million in 2010 and 15 million in 2009
In: Finance
Asian Islamic Bank entered a three-year Istisna' contract to construct a bungalow for a total price of $1,200,000 commencing 1 January 2008. The following costs were estimated at the time of concluding the contract:
| 31 Dec 2008 | 31 Dec 2009 | 31 Dec 2010 | Total |
Materials | 120,000 | 180,000 | 50,000 | 350,000 |
Wages | 180,000 | 120,000 | 50,000 | 350,000 |
Total | 300,000 | 300,000 | 100,000 | 700,000 |
Billings were made in year 2008 for $600,000, $300,000 in year 2009 and the remaining balance was billed at the end of year 2010. Following is the payment schedule that was agreed with the client of Asian Islamic Bank:
Year | Total |
2008 | 10% |
2009 | 10% |
2010 | 20% |
2011 | 30% |
2012 | 30% |
There was a substantial increase in material cost in 2010 due to the liquidation of a major supplier for the said material. Accordingly, the bank revised its cost estimate for material to increase by 10% higher from overall original cost. In order to anticipate the increase in cost, the customer and the bank has agreed to incorporate the increase in the selling price by the same amount.
The bank recognizes profit based on the percentage of completion method.
Required:
1. Prepare ledger accounts in the books of Asian Islamic Bank for all relevant transactions for the accounting periods ending;
2. Prepare the Statements of Financial Position (extract) and Income Statements (extract) for the year 2008 to 2010 to present the transactions relating to the contract
In: Computer Science
In: Economics
1. The four primary phases of a project are
a. Concept, development, implementation, & close-out
b. Concept, exploration, design, & implementation
c. Concept, elaboration, implementation, & post-mortem
d. Concept, development, design & close-out
e. None of the above
2. MacKay was a strong supporter of the notion of the Wisdom of crowds.
True
False
3. A decision market (from the Wisdom of Crowds) is an elegant and well-designed method for capturing the collective wisdom.
True
False
In: Civil Engineering
Do characteristics of identity play a role in how successful/unsuccessful, accepted/rejected leadership ACTIONS are, within a situational context? Might a theory of adaptive leadership be tied more to participant perceptions of action? Is this a conversation of a more collective/inclusive course-of-action analysis based on how leadership presents itself in context? In lay-terms, is adaptive leadership a theory that says, leadership makes decision in a way that recognizes participant perceptions of leadership based on intersections of identity and the workplace?
In: Operations Management
What Roles Introversion and Extraversion play on Marital Bliss? (Research Question). Why is it important? What should the introduction and literature review address with this topic? As well as, showing background on what is known about this topic.
The variables introversion and extraversion are known to have varying effects on individuals lives and collective lives and on the levels of happiness. The aim is to measure the synergistic affect between the two and the happiness index as a result (hypothesis). How does research support or not support the hypothesis.
In: Psychology
Based on your study of Instability of Investment,
briefly explain the below with giving example:
1- Variability of expectations
2- Durability
3- Irregularity of innovation
4- Variability of profit
In: Economics
In: Operations Management
In: Finance
Briefly explain how America came to be an EMPIRE by 1900. Be sure to include the role the exportation of Manifest Destiny, technology, innovation, capital and risk played an important role in this pursuit.
In: Civil Engineering