Introduction to Accounting: A User Perspective"This introduction to accounting and its significant role in making sound business decisions trains readers in becoming wise users, not necessarily preparers of accounting information--a strong user-based approach that's endorsed and supported by the AECC. The authors present accounting information in a broader business context--emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions--but still include traditional debit/credit information as optional coverage. Discussions include Management Accounting: It's Environment and Future; Classifying Costs; Determining Costs of Products; Cost Behavior; Business Decisions Using Cost Behavior; Making Decisions Using Relevant Information; The Capital Budget: Evaluating Capital Expenditures; The Operating Budget; Standard Costing; and Evaluating Performance. For practicing office professionals, accounting clerks and paraprofessionals, and staff accountants. "--Publisher's description. |
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Page 377
... Assets : Cash Accounts Receivable $ 100 251,000 Inventory Prepaid Expenses 298,900 50,000 Total Current Assets $ 600,000 Long - Term Assets : Land $ 125,000 Plant and Equipment $ 1,075,000 Less : Accumulated Depreciation ( 283,200 ) ...
... Assets : Cash Accounts Receivable $ 100 251,000 Inventory Prepaid Expenses 298,900 50,000 Total Current Assets $ 600,000 Long - Term Assets : Land $ 125,000 Plant and Equipment $ 1,075,000 Less : Accumulated Depreciation ( 283,200 ) ...
Page 457
... asset turnover — is equally important . Total Asset Turnover Ratio The total asset turnover ratio shows the amount of sales produced for a given level of assets used . The purpose of this ratio is sim- ilar to that of the return on total ...
... asset turnover — is equally important . Total Asset Turnover Ratio The total asset turnover ratio shows the amount of sales produced for a given level of assets used . The purpose of this ratio is sim- ilar to that of the return on total ...
Page 466
... Total Asset Turnover 4. Profit Margin After Income Tax 5. Return on Equity 6. Return Before Interest on Equity ... assets Net income before taxes Sales Sales Total assets Net income after taxes Sales Net income after taxes Equity Net ...
... Total Asset Turnover 4. Profit Margin After Income Tax 5. Return on Equity 6. Return Before Interest on Equity ... assets Net income before taxes Sales Sales Total assets Net income after taxes Sales Net income after taxes Equity Net ...
Contents
Introduction to Business in the United States | 5 |
CHAPTER | 11 |
Economic Decision Making | 43 |
Copyright | |
52 other sections not shown
Other editions - View all
Introduction to Accounting: A User Perspective Michael L. Werner,Kumen H. Jones No preview available - 2003 |
Common terms and phrases
accounting equation accounting information Accounts Receivable accrual basis Accumulated Depreciation activities adjustments amount annual report assuming average cost balance sheet bank basis of accounting Beginning Inventory bonds book value borrowing Calculate cash basis cash flows chapter common stock company's debt December 31 depreciation expense depreciation method direct material discount Discussion Questions dividend economic decision makers Ending December 31 ending inventory equipment Exhibit Explain FIFO financial statements freight Gap Inc Gross Margin gross profit Harwood income statement income tax Inventory Cost investment investors issued journal entries ledger LIFO loan long-term machine management accounting merchandise inventory month net income Notes Payable Operating Expenses Owner's Equity owners paid par value partnership payment perpetual inventory system preferred stock Prepare proprietorship purchase ratio rent REQUIRED residual value retained earnings revenue sell September sold statement of cash Total Assets Total Liabilities transactions treasury stock trial balance units