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For a recent year LOreal reported operating profit of 3,385 (in millions) for its Cosmetics division. Total assets were 12,888 at the beginning of the year and 13,099 (in millions) at the end of the year. Compute return on investment for the year. State your answer as a percent, rounded to one decimal.
why is the cost allocation method used by an organization an important part of its cost accounting
Selected year end financial statements of Overton Corporation follow.
Accounting records for NIC Enterprises (NICE) for September show the following (each entry is the total of the actual entries for the account for the month):
Calculate ratios for all five years and what are the trends? Did you plot the ratios and did you do a written financial analysis?
questions1.a what is the purpose of an entity?bwhat are the rights of the stakeholders of an entity?2.a outline the
Based on this information prepare a Balance Sheet, Income Statement and Statement of Retained Earnings.
One common approach in analyzing a situation like to prepare a comprehensive, multi-year cash spreadsheet for the various options
What is the impact of this method of creating the profit-and-loss statement on management decision making and what is the impact of this method of creating the profit-and-loss statement on business performance?
Best Ink produces inkjet printers for personal computers. It received an order for 500 printers from a customer. The following information is available for this order.
Describe the four patterns typically found in time series data. What is meant by the expression "decomposition" with regard to forecasting? Briefly describe the process.
Online financial databases, like Lexis/Nexis and the Dow Jones News Retrieval Service, give data on thousands of companies. Assume you want to compare some companies' recent earnings histories. You may have the computer compare companies' returns ..
Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures; include an example of each.
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