Business Administration 1220E Lecture Notes - Gross Income, Space Capsule Recovery Experiment, Retained Earnings

• School: Western University
• Department: Business Administration
• Course: Business Administration 1220E
• Professor: silverberg

Document Summary

Gross income (margin, profit): net sales cogs: operating expenses: Expenses 3 types of oe: general & admin exp, selling exp, amortization exp. money borrowed. Other investments: no controlling interest, @ mkt value: property, plant and equipment: land (no dep. Total property, plant & equipment ^ ( accum: intangibles: goodwill, organization expenses, patents, costs, current liabilities: notes payable, a/p, accrued exp. 11. total liabilities and shareholders" equity shares (vote) dividends: retained earnings, previous year, + net earnings, preferred dividends ($ x shares, = retained earnings, present year. : (soe) freight-in, net purchases = delivered cost of purchases purchase discounts returns & allowances (b/s) inventory present market value (b/s) inventory raw materials inv. , work-in-process inv. , finished inv. + cogm ending finished goods inv: manufacturer.