what does “All numbers in thousands” mean on a balance sheet? is 1,626,000 1 6 million if “in thousands?

It’s vague but huge (relatively), but “hundreds and thousands of” is illogical and semantically untenable. Hundreds and thousands is an idiomatic expression used to mean “an indefinite but emphatically large number”. Although similar to and sometimes regarded as an error for “hundreds of thousands”, it is in fact not so definitely large. English Language Learners Stack Exchange is a question and answer site for speakers of other languages learning English. It was therefore resolved, as the only alternative, to arouse the people, Essex fondly imagining that his voice, if he called upon them, would bring them in their thousands and tens of thousands to support his cause.

  • I kind of think the number that “millions of” refers to is more than the number that “thousands of” refers to.
  • Rite Aid said in the statement that it will communicate with customers of stores that will be closing and ensure they are able to get access to the services they need at other nearby locations.
  • Many companies operate on a fiscal year instead, which means they pick a 12-month period that more accurately reflects their business cycles.
  • Joy Errico, a spokesperson for Rite Aid, declined to release further information about how many stores were slated to close or what the timeline for closures would be when reached Monday morning by USA TODAY.
  • But after Mexico ended visa-free travel for Ecuadorians later that year, more of them have sought to reach the U.S. by crossing Panama’s once-impenetrable Darién Gap on foot.

Ideally, a business is “in the black” with net income, meaning it is making a profit rather than operating at a loss. His present government includes far-right parties that openly advocate the annexation of all or part of the West Bank to Israel and the continued governance of the Palestinians without full rights or the vote. Israeli and foreign human rights groups say Israel has increasingly carved out a form of apartheid in the occupied territories.

Hamas has continued to attack Israel from Gaza, mostly using rockets until the latest ground incursion. Israel has maintained a tight blockade of the territory which has contributed to deteriorating living conditions and deepening poverty. The United Nations says otherwise because of Israel’s continued control of airspace and territorial waters, and also access into the territory, along with Egypt. Israeli has also blockaded the enclave since Hamas came to power in 2006. Israel regarded the Palestinian population under its control as largely quiescent even as it went on expanding Jewish settlements in Gaza and the West Bank and expropriating Arab land. Palestinians were also treated as a cheap source of largely manual labour inside Israel.

Stein, the founder of financial advisory firm Stein Advisors, said in a statement the company plans to remain in business for the long term. Rite Aid plans to use the bankruptcy to resolve its legal disputes and also sell some of its businesses, including prescription benefit manager Elixir Solutions that it bought in 2015 for $2 billion. The difference is that “hundreds of thousands of” means “at least 200,000”, but probably more.

How to Recover My Data From Google Plus

To qualify for the family reunification program, Ecuadorians must have family members in the U.S. who are American citizens or permanent residents. The process begins with U.S. citizens or legal residents sponsoring their relatives in Ecuador for an immigrant visa. At the top of a balance sheet or any other financial report, you see a statement indicating that the numbers are in millions, thousands, or however the company decides to round the numbers. For example, if a billion-dollar company indicates that numbers are in millions, you see 1 billion represented as 1,000 and 35 million as 35. In 1967, Israel launched what it said was a pre-emptive defensive war against Jordan, Egypt and Syria, as they appeared to be preparing to invade. The attack caught Arab governments by surprise and saw Israel achieve rapid victories including seizing the Sinai peninsula and the Gaza Strip from Egypt, the Golan Heights from Syria, and the West Bank and East Jerusalem from Jordan.

  • As a result, all numbers in the range, are formatted as thousands (000s).
  • What might differ is whether the financial report records numbers in the millions or thousands or uses actual figures.
  • Defence Minister Yoav Gallant said on Sunday that the next stage of the operation in Gaza – an expected ground offensive – “may take a month, two or three, but at the end there will be no more Hamas”.
  • His present government includes far-right parties that openly advocate the annexation of all or part of the West Bank to Israel and the continued governance of the Palestinians without full rights or the vote.

When a financial statement is issued in the thousands, this fact is denoted in the line stating the date of the statement. It is usually in italics and parentheses after the financial statement date. This indicates that all the numbers on the page are rounded down and should be multiplied by 1,000 to get the full estimate of information. My seemingly dumb business administration 102 professor has made what I think is a huge error on grading my last midterm, my question is as follows.

Employees at closing stores will also be transferred “where possible,” Rite Aid said. Most customers won’t have to worry about the bankruptcy filing disrupting their ability to shop or fill prescriptions at their local stores — unless, of course, that store is now slated to close. Rite Aid, which has closed several stores in recent months, said in its media release that it’s preparing to close more. Founded in 1962, Philadelphia-based Rite Aid is one of the largest pharmacy chains in the nation with more than 2,000 stores in 17 states. Rounding is acceptable because of the accountant’s concept of materiality. That is, rounding is acceptable as long as the rounded amounts do not mislead a current or potential investor, lender, or other person making a decision with the amounts being reported.

Is Gaza still occupied?

Shortening numbers makes it easier for report readers to scroll through the numbers quickly to extrapolate data and reduces the chance for error. If selected and approved for the family reunification program, Ecuadorians would be permitted to enter the U.S. under the humanitarian parole authority, without having to wait for a visa. While in the U.S., they can work legally under the parole authority and wait for their visa to become available.

Definition of Rounding Amounts on Financial Statements

An agreement to form a national unity government fell apart and Hamas led an armed takeover of Gaza while Fatah continued to control the Palestinian Authority in the West Bank. One consequence of the second intifada was Sharon’s decision to “disengage” from the Palestinians beginning in 2005 with the closing of Israeli settlements in Gaza and parts of the northern West Bank. It is not clear how much further Sharon would have gone with this policy as he had a stroke and went into a coma the following year. what are accounting advisory services It led to a hardening of attitudes among ordinary Israelis and the construction of the West Bank barrier. But it also prompted then prime minister Ariel Sharon to say that Israel could not go on occupying the Palestinians’ territory – although he did not say that the alternative was an independent Palestinian state. Peace negotiations sputtered along until the failure of Bill Clinton’s attempts to broker a final deal at Camp David in 2000, which contributed to the outbreak of the second intifada.

What has been happening in the Gaza Strip?

Whether it’s to pass that big test, qualify for that big promotion or even master that cooking technique; people who rely on dummies, rely on it to learn the critical skills and relevant information necessary for success. To show you how economic conditions can make comparing the balance sheets of two companies difficult during two different fiscal years, consider an example surrounding the terrorist attacks on September 11, 2001. Trying to read a balance sheet without having a grasp of its parts on a financial report is a little like trying to translate a language you’ve never spoken — you may recognize the letters, but the words don’t mean much. Unlike a foreign language, however, a balance sheet is pretty easy to get a fix on as soon as you figure out a few basics.

Hamas is thought to have about 25,000 people in its military wing, the Izzedine al-Qassam Brigades. Defence Minister Yoav Gallant said on Sunday that the next stage of the operation in Gaza – an expected ground offensive – “may take a month, two or three, but at the end there will be no more Hamas”. However, this provided only a fraction of the needs of people in Gaza, which normally receives 400 to 500 lorries every day.

Rite Aid filed for bankruptcy Sunday and plans to close an untold number of stores across the United States as it battles slumping sales and a slew of opioid lawsuits. If a company’s balance sheet states “As of December 31, 2012,” the company is most likely operating on the calendar year. Not all firms end their business year at the end of the calendar year, however. Many companies operate on a fiscal year instead, which means they pick a 12-month period that more accurately reflects their business cycles.

The large company may round to millions, whereas the smaller company may round to thousands. Lita Epstein, who earned her MBA from Emory University’s Goizueta Business School, enjoys helping people develop good financial, investing and tax-planning skills. While getting her MBA, Lita worked as a teaching assistant for the financial accounting department and ran the accounting lab. After completing her MBA, she managed finances for a small nonprofit organization and for the facilities management section of a large medical clinic. She designs and teaches online courses on topics such as investing for retirement, getting ready for tax time and finance and investing for women. She’s written over 20 books including Reading Financial Reports For Dummies and Trading For Dummies.

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