things‚ such as being financially debt free‚ are not guaranteed. Acquiring stability financially remains as a complicated‚ lucrative notion. Financial success does not come without purpose and commitment. Unless commitment and purpose is used‚ debt is inevitable. An abundant amount of Americans taste the harsh reality of being in debt at least once in their lives. It requires work to manage money in the way that it should be managed. The stress of obtaining a debt is an unwanted‚ undeserved‚
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(C) BAD DEBTS‚ BAD DEBTS RECOVERED AND PROVISION FOR DOUBTFUL DEBTS. Bad debts Introduction Customers who buy goods on credit might fail to pay for them‚ perhaps: Out of dishonesty‚ They have gone bankrupt‚ They are incurring losses in their businesses‚ Because of unexpected introduction of foreign exchange control restrictions by their country’s government during the credit period (i.e. if they are trading internationally). They are dead. In these circumstances‚ a business might decide
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Similarities Differences Content Destruction of cities R1- ‘killing approximately 66‚000 civilians’. -They ‘would find that their homes had been destroyed’. R2-fire marshals digging through rubble -Big buildings being destroyed Everyone was affected R1-‘men‚woman and children would mean the shattering of a normal life’ -‘people found ‘their world was turned upside down’’ R2-Arnold Tabbs ‘parents have been killed‚ his home devastated and his dog has just died’ -There are fire marshals
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Why History is Important The Study of history is important because we learn from our mistakes‚ we share a common experience with people that binds us together‚ our minds store our experiences‚ and society can build upon past accomplishments. The first‚ and most significannot reason history is important is because we learn from our mistakes. If there were no history then everyone would make the same mistakes over and over. In any job‚ if you can avoid mistakes you or someone else
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It is true History was one of the classes that has been taught almost every year from elementary school and throughout all high school. The fact that history was one of the main courses during my education doesn’t really imply that I know a lot about it. My memories of what we were taught during these years are in fact vague‚ not to say that I don’t really remember anything from what our professors taught us. My clearest memory is the history teacher at my elementary school and his strange idea
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The reason why the earth is warming in modern time and we take the blame is because we release gasses from burning fossil-fuels. They may take a while to affect the atmosphere but slowly they get up in atmosphere and trap more and more heat. Every day more and more creatures are becoming extinct and glaciers are melting sea levels are going up but yet this is not the first time the earth has faced such changes believe it or not. Neanderthals were the first Europeans on the continent. They occupied
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Nike (originally known as Blue Ribbon Sports)‚ was founded by University of Oregon track athlete Phil Knight and his coach Bill Bowerman in January 1964 (Yahoo finance NKE profile page as of Jan. 2 2008). The company initially operated as a distributor for Japanese shoe maker Onitsuka Tiger‚ making most sales at track meets out of Knight’s car. Many top Oregon runners began wearing the shoes‚ and the shoe’s popularity grew quickly because of Kennan Meyer. The company’s first self-designed product
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ACTG 351 HW #2 (Long-term Assets) 1. At January 1‚ the balances in Equipment and Accumulated Depreciation were $1‚021‚500 and $189‚900‚ respectively. At December 31 after adjusting entries‚ the balances were $1‚125‚900 and $452‚700‚ respectively. During the year‚ $148‚500 of equipment was acquired and equipment with a book value of $25‚200 was sold. What was Depreciation Expense for the year? Equipment 1‚021‚500 148‚500 1‚125‚900 Plug A Accumulated Depreciation 189‚900 Plug B Dep Exp 452‚700 Plug
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LESSON 2 There are many tools that a company can use to evaluate how well it is performing‚ one of those tools is the debt ratio calculation. The debt ratio shows the proportion of assets financed with debt‚ liabilities. It is calculated by the companies total liabilities divided by its total assets and is used as a percentage. Total assets and total debts can be found on the balance sheet. “It can be used to evaluate a business’s ability to pay its debt” (Nobles p. 89). The debt ratio
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Nowadays‚ every business needs finance. But at the same time‚ bad debt has become a stinging problem for the creditors. Many companies are faced with the high credit risk‚ so obtaining it can be one of the most difficult parts of running your business. So what is the solution for this problem? You can see‚ there are so many types of business finance‚ including: bank loans‚ credit cards‚ leasing‚ even outsides investors‚ family and friend loans… But in my opinion‚ one of the quickest forms of low
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