Expense

52.05 EXHIBIT 3 IBM Consolidated Statements of Income For the Quarters Ended: Total Revenues Cost of Sales Gross Margin Selling, General and Administrative Expenses Research and Development Total Operating Expenses Operating Income Other Income (Expense), net Interest Expense Income Before Taxes Income Tax Expense Net Income $ $ Mar-00 19,348 $ 12,337 7,011 3,706 1,172 4,878 2,133 189 152 2,170 651 1,519 $ Dec-99 24,182 $ 15,299 8,883 4,445 1,416 5

the conceptual basis for the design and use of newly emerging activity-based cost (ABC) systems. TVaditional cost systems use volume-driven allocation bases, such as direct labor dollars, machine hours, and sales dollars, to assign organizational expenses to individual products and customers. But many ofthe resource demands by individual products and customers are not proportional to the volume of units produced or sold.^ Thus, conventional systems do not measure accurately the costs of

erviceware State franchise taxes Telephone & fax Trash removal Uniforms Workman's compensation TOTAL EXPENSES NET INCOME BEFORE TAXES 12,943.80 458.80 3,485.00 755.28 9,215.70 10,574.82 7,849.00 26,889.12 29,761.90 28,101.60 5,348.47 1,258.47 40,824.91 6,578.50 9,474.00 43,430.80 9,941.80 13,415.58 5,949.60 10,458.80 9,463.68 15,215.74 420,875.40 938.84

its check stub. Tax laws concerning the miscellaneous income and expense accounts now require a detailed breakdown of each of these accounts. In order to comply, it is ABSOLUTELY NECESSARY that the proper steps are taken at the chapter level. All miscellaneous transactions must be properly recorded by using understandable descriptions. Note that copying expenses are placed under the account of the committee that incurred the expense for copies. For example, if the

95210, Vendor ID 006. Received a $12,000 consulting fee from Michelle Anzures, 2334 Handle Ave., Lodi, CA 95240. Use Customer ID 100, reference 2364. Mar. 7 Paid $250 to Richard Martinez to have carpets cleaned (Maintenance Expense), check 007. Provided consulting services to John Nance, 2112 Glen View Road, Stockton, CA 95210. Charged the customer $400 on account and used Customer ID 101, Invoice 200. Represented new client David Henry, 356 Boston Way

Chapter 7 Billing Schemes Case Study Frequent Flier’s Fraud Crashes 1. Citation: Frequent Flier’s Fraud Crashes 2. Broad Issues: Expense reimbursement schemes, as the name occur when employees make a false claims for reimbursement of fictitious or inflated business expenses. 3. Identify individuals involved & their positions in this matter: Marcus Lane: 35 years old Ph.D. Traveled all over his North and South America for his job as a geologist for the privately held firm

The owners are allegedly “losing money” since they have selected accounting methods to hide their profits. Only 80% of the stadium operations expenses should be shown as only 2 of the owners actually profit from the stadium-pricing agreement. I believe the Paul (the play) is right, because in reality the owners are not losing any money as they so claim, but instead covering their profits with a

numbers are even close to correct, George should definitely make the move. The actual numbers will differ from what has been estimated here, of course. Not all of the expenses will increase by 30% in response to 30% growth. Many of the expenses listed are fixed and do not change in relation to changes in production levels. Expenses that do change in this way would most likely be in the cost of goods sold section of the income statement. Depreciation will markedly increase with expansion. This has

Type of Business WorldCom is a company that provides cheap local and long distance calling for customers. In the early 1990’s the company capitalized on fiber optic networks. It was able to provide basic phone services along with internet data services to large companies. As time went by they bought out other small business and by the time they merged with MCI, the company have become not only one of the largest telecommunications companies but the fastest growing company in a short period. History

Over the two-week period I spent majority of my money on myself, and luxury items which I do not necessarily need. As a 19-year-old of Indian heritage living with my parents, I have little expenses of my own. The money which I spend on food, clothes and entertainment shopping is all paid for by my parents who give me spending money. The money which I make at work is all put in a savings account for my future. Although overall I spent the least amount of my income on food, over the 2 weeks it felt