Income Statement And Balance Sheet Carriages Inwards and Outwards - 550 Words

Income Statement And Balance Sheet: Carriages Inwards and Outwards (Essay Sample) Content: INCOME STATEMENT AND BALANCE SHEETName:Institutional Affiliation:An Income Statement is one of a companys crucial financial statement that help shows their profit and losses over a certain period. The profit or loss is attained by taking all revenues and subtracting all expenses from both operating and non-operating activities.An income statement is a statement used in both corporate finance and accounting. The statement displays the companys revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit, in a coherent and logical manner.Carriages Inwards and OutwardsThe cost to deliver goods from the firm to the customer is known as Carriage Outwards (Sales Carriages). The cost to transport goods (stock) into a firm is called Carriage Inwards (Purchases Carriages).If a supplier charges you for the delivery of the goods on top of the cost of the purchases, then accountants add this to the value of sales. There fore the cost of carrying inwards is usually recorded in Trading Accounts.If one pays to deliver the goods to a customer, then this cost will be charged as an expense on the income statement of the firm. In similar cases, they are made as debit entries because they reduce the number of sales located on the sidecredit of the trading and profit loss account.Marketing, Advertising, and Promotion ExpensesMajority of businesses have many expenses some of which are related to selling goods and/or services. In this scenario marketing, advertising, and promotion expenses we will group them together as they are similar expenses, all related to selling.General and administrative expensesThese Expenses include the selling, general, and the administrative section that contains all other indirect costs associated with running the business. This includes salaries and wages, rent and office expenses, insurance, travel expenses, and sometimes depreciation and amortization, along with other operat ional expenses.Profit and Loss Acc for the year ended 2015/2016 Sales 765,000 Commissions received -3048014795400 8,000 773,000 Less: Cost of Goods Sold Opening Stock 63,000 Add Purchases or Inventory 545,000 Add Carriage Inwards -30480163830001,000 Less Closing Stock -3048013081000(0) -4000514033500(609,000) Gross Profit 164,000 Less Expenses Wages and salaries 43,000 General expenses 8,000 Marketing costsMaintenances 5,0002,000 Carriage Outwards 5,000 (63,000) Net Profit 7620247649007620190499007620-100101,000 Calculating of Gross Profit- Gross profit is calculated by subtracting Cost of Goods Sold (or Cost of Sales) from Sales Revenue.Balance sheet(it i...

The Crab Nebula Supernova Remnant

Theres a ghostly remnant of star death out there in the night-time sky. It cant be seen with the naked eye. However, stargazers can glimpse it through a  telescope. It looks like a faint wisp of light, and astronomers have long  called it the Crab Nebula. The Ghostly Remains of a Dead Star This faint, fuzzy-looking object is all that remains of a massive star that died in a supernova explosion thousands of years ago. The most famous recent image of this cloud of hot gas and dust was taken by the Hubble Space Telescope  and shows amazing detail of the expanding cloud. Thats not quite how it looks from a backyard-type telescope, but its still worth searching out from November through March each year. The Crab Nebula lies about 6,500 light-years from Earth in the direction of the constellation Taurus. The debris cloud has been expanding ever since the original explosion, and now it covers an area of space about 10 light-years across. People often ask if the Sun will explode like this. Thankfully, the answer is no.  Its not massive enough to create such a sight. Our star will end its days as a planetary nebula.   The Crab Through History For anyone alive in the year 1054, the Crab would have been so bright they could see it in the daytime.  It was easily the brightest object in the sky, besides the Sun and Moon, for several months. Then, as all supernova explosions do, it began to fade. Chinese astronomers noted its presence in the sky as a guest star, and its thought that the Anasazi people who lived in the U.S. desert southwest also noted its presence. Weirdly enough, there are NO mentions of it in European histories of the time, which is somewhat odd, since there WERE people observing the sky.  Some historians have suggested that perhaps wars and famines kept people from paying much attention to celestial sights. Whatever, the reasons, the historical mentions of this awesome sight were pretty limited.   The Crab Nebula got its name in 1840 when William Parsons, the Third Earl of Rosse, using a 36-inch telescope, created a drawing of a nebula he spotted that he thought looked like a crab. With the 36-inch telescope, he was not able to fully resolve the colored web of hot gas around the pulsar. But, he tried again a few years later with a bigger telescope and then he could see greater detail. He noted that his earlier drawings were not representative of the true structure of the nebula, but the name Crab Nebula was already popular.   What Made the Crab What It Is Today? The Crab belongs to a class of objects called supernova remnants (which astronomers shorten down to SNR). They are created when a star many times the mass of the Sun collapses in on itself and then rebounds out in a catastrophic explosion. This is called a supernova. Why does the star do this?  Massive stars eventually run out of fuel in their cores at the same time they are losing their outer layers to space. That expansion of the stellar material is called mass loss, and it actually begins long before the star dies. It gets more intense as the star ages, and so astronomers recognize mass loss as a hallmark of a star that is aging and dying, particularly if theres a LOT of it happening. At some point, the outward pressure from the core cant hold back the massive weight of the outer layers, They collapse in and then everything blasts back out in a violent burst of energy. That sends huge amounts of stellar material out to space. This forms the â€Å"remnant† that we see today. The leftover core of the star keeps contracting under its own gravity. Eventually, it forms a new type  of object called a neutron star. The Crab Pulsar The neutron star  at the heart of the Crab is very small, probably just a few miles across. But it is extremely dense. If someone had a can of soup filled with neutron star material, it would have about the same mass as Earths Moon!   The pulsar itself is roughly in the center of the nebula and spins very fast,  about 30 times a second. Rotating neutron stars like this are called pulsars (derived from the words PULSating stARS). The pulsar inside the Crab  is one of the most powerful ever observed. It injects so much energy into the nebula that astronomers can detect light streaming away from the cloud in virtually every wavelength, from low-energy radio photons to the highest energy  gamma rays. The Pulsar Wind Nebula The Crab Nebula is also referred to as a pulsar wind nebula or PWN. A PWN is a nebula that is created by the material that is ejected by a pulsar interacting with random interstellar gas and the pulsar’s own magnetic field. PWNs are often difficult to distinguish from SNRs, since they often look very similar. In some cases, objects will appear with a PWN but no SNR. The Crab Nebula contains a PWN inside the SNR, and it appears as a sort of cloudy area in the middle of the HST image. Astronomers continue to study the Crab and chart the outward motion of its remnant clouds. The pulsar remains an object of great interest, as well as the material its lighting up as it swings its searchlight-like beam around during its rapid spin.      Edited by  Carolyn Collins Petersen.

The Scarlet Letter, By Nathaniel Hawthorne - 1496 Words

Everyone sins. This is a well-known and true fact. Whether it is lying to a peer or causing a car accident, everybody sins everyday. The early Puritans of the 16th century were strong believers in everyday sin and writers showed the Puritan way of life in their books, many of which are considered classics. Three characters in Nathaniel Hawthorne’s The Scarlet Letter—Hester Prynne, Arthur Dimmesdale, and Pearl—all represent a sin that is revealed through their actions or the actions of others. Hester Prynne’s sin of adultery is revealed to all at the beginning of the novel. Because her sin is revealed, she can peacefully live her life without the shame of unspoken sin. People still judge her harshly, but she can stand upright before them†¦show more content†¦She is cast out by the people in the town, yet continues to serve in the community as best she can. She is a righteous woman who willingly chose to commit adultery and is working to repent or s how her remorse by serving others. In a conversation between Chillingworth and Dimmesdale, they discuss the attitude of Hester. Chillingworth asks if Hester is less miserable by revealing her sin because she â€Å"hath none of that mystery of hidden sinfulness which [is deemed] so grievous to be borne† (123). Dimmesdale agrees â€Å"it must needs be better for the sufferer to be free to show his pain, as this poor woman Hester is, than to cover it up in his heart† (123). These men agree Hester is happier because she has revealed her sin and does not live with the anguish of a hidden transgression. She does, however, have to live with the people who have judged her harshly for her actions. â€Å"Every gesture, every word, and even the silence of those with whom she came in contact, implied, and often expressed, that she was banished† (77-78). Yet even in her banishment, Hester â€Å"bestowed all her superfluous means in charity† (77) and sews clothes for t he poor, who also resented her. Even though Hester has revealed her sin and feels like a better person herself, the people treat her badly now that they know her horrible sin and her future seems inauspicious. She also feels like a better person because she has

The Careless Society ( John Mcknight ) free essay sample

Reviews work on corruption of community medical system by creation of diseases, expansion of health service sector and the curricularization of health education. The Careless Society: Community and Its Counterfeits, by John McKnight, is a collection of lectures and articles written from 1972 to 1992 by the author. McKnight is the director of the Community Studies Program at the Center for Urban Affairs and Policy Research at Northwestern University. He uses his experience working in communities and at the center as the basis for most of the book. The work is not a scholarly text, but a series of observations and opinions based on McKnights experiences which he supports by examples, studies, and anecdotes. The problems he addresses include street crime, poverty, ill health, and the despair people face when they feel powerless and alone. McKnight criticizes the social service industry for many of the items on this list. He suggests that providing. We will write a custom essay sample on The Careless Society ( John Mcknight ) or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page .