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BUS 251 Study Guide - Midterm Guide: Canada Revenue Agency, Asset, Retained Earnings

340 views4 pages
salmongnat786
5 Sep 2012
School
Simon Fraser University
Department
Business Administration
Course
BUS 251
Professor
All

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Document Summary

Calculations journal entries, some accounting cycle (not the entire one) partial, net income, income statements. All q" in class and tutorial percentage of completion method, bad debts. Ratios simply calculate and when do use it (not asked to calculate exact ratio) ex. = beginning retained earnings + net income dividends declared. = net income / average total shareholders" equity. =expenses for this period / total costs of the project. The revenue for the current period is as follows. Return on investment (roi) is a ratio that measures the profitability of a company. =percentage completed x total revenue of the contract. Roi indicates how much income is generated based on the amount of investment in the company. Revenue can be recognized when all of the following are met: On january 1, 2011, a company is contracted to build a rail station for million.

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Related Questions

Case Study - 5

Breaking The Bargaining Pattern

Gilson steel is a local fabricating and supply firm. Situated in open country, far from the large steel making centers. The firm has been in business many years. About the third of employees have worked in the organization for more than ten years. Top management would like to get away from the current practice in which negotiations on wage matters and fringes follow the pattern. The firm’s president feels that industry – wide bargaining tends to divorce employees from the firm. He thinks they feel that their employer is a combination of U.S steel and bethlem steel instead of Gilson. He argues that the local firm which has prospered can do better by employees than is possible in national pattern. He says that the local conditions should be considered. His basic objection to current practice, however, is his conviction that it tends to divorce its employees from local employer. The labor relations manager has been urged to try negotiating terms at variance with the national pattern.

 Answer the following questions: ·

  1. What theory and policy do you read into the president’s suggestion? ·
  2. How will his ideas fit into the existing pattern of public union policy? ·
  3. Can you suggest a promising innovative approach?