Financial Statements

Balance sheet is the financial statement which shows all the current as well as non-current liabilities of business.

It is the statement of change in financial position, prepared to determine only source and uses of working capital between date of to balance sheet.

revenue expenditurerevenue expenditure

i think only indirect costs

If you look at what Return on Assets is comprised of, Net Profit Margin and the Total Asset Turnover, if the firm is having a very slow turnover, the ROA will be declining if the turnover is greater in magnitude to the NPM.

Balance Sheet

It means if a customer for example wants something done or has a complaint, you try to fix it and keep them happy. Also the customer is always right

Bank loan is a liability for business not an asset for business.

Cry.

interest expense - see nutrisystem, kona grill, franklin covey 10K's as examples

[Debit] Accumulated Depreciation

[Debit] Cash (if any)

[Credit] Assets

Net profit is net profit after tax earns by business during fiscal year while divisable profit is that amount of profit which is available for distribution to shareholders in the form of dividend.

Cash-basis accounting ignores all of the following except:

A) payables.

B) depreciation.

C) receivables.

D) expenses.

Which two factors cause the loss in value of tangible assets

main objective is to know true and fair view of state of afire of company

Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event

A business could improve it's cash flow in the following ways:

* chase outstanding debts as soon as they become due

* have short credit terms for debtors, or c.o.d only if possible

* ask suppliers for credit accounts (30 from EOM is a good one)

* lease plant and equipment rather than buy outright

* hold less inventory

Of course, it is also very important that a business ensures its taxation obligations are accurately forecasted prior to spending from the bank account!

To determine cost of goods sold

Assets:

Inventory 25000

Other current assets 100000

Long term assets 75000

Total assets 200000

Liabilities:

Current liabilities 50000

Long term liabilities 150000

Non-revenue generating support areas

kindly show the process of formulating accounting stardards

The total account debt as of the statement date is called the balance.

FACTS

Owned jointly by TD Bank in Canada

AMTD has their own balance sheet and stock

They have been around for years and years under the name TD Waterhouse

TD Bank would not let their name be ruined if AMTD did start having problems

TD Ameritrade is one of the safest out there, if not the safest today.

TD Ameritrade is SIPC insured and has has excess insurance through Loyds of London.

TD Ameritrade offers a FDIC insured money money fund for settlement and cash

TD Ameritrade does not have any direct exposure to the mortgage crisis

= Answer = is very "Safe"

The asset(e.g.cash, marketable securities, accounts receivable, inventories, land, building, etc..) , liabilities(e.g.accounts payable, notes payable, accruals, mortgage payable, etc..), and equity accounts (e.g.ordinary share capital, preference share capital, ordinary share premium, preference share premium, retained earnings.. etc.) appear in a balance sheet. As it is called balance sheet, the asset accounts must be equal with the liabilities and equity accounts (asset = liabilities + capital).