Week 1‚ DQ 1: How would you describe the entries to record the disposition of accounts receivables? What is their function? Since the majority of US thrive on the use of credit cards‚ the accounts receivables for a company may no longer be on a cash-to-cash basis. A company may need to sell these accounts to other companies who specialize in handling accounts receivables if they need cash more quickly or if it would be too costly to perform the necessary billing to collect on the account. The
Premium Expense Accounts receivable Revenue
September and October. Oct. 1 Acquired a franchise for $100‚000. The franchise has a useful life of 50 years. Prepare entries to record transactions related to acquisition and amortization of intangibles; prepare the intangible assets section. (SO 8‚ 9) Instructions (a) Prepare journal entries to record the transactions above. (b) Prepare journal entries to record the 2012 amortization expense. Amortization Expense— Patents $12‚000 Amortization Expense— Franchise $5‚300 (c) Prepare the intangible
Premium Mortgage
Transactions Accounting Principles General Journal Cash Account Purchases ledger Sales ledger General ledger Trail Balance Jan 1 Started business by borrowing a loan of $50 000 from the Centrex Commercial Bank which was invested into the business along with his personal savings of $50 000. The loan carries an interest rate of 12% per annum. The following transactions took place during the year. 1 Purchased the following assets and paid for them by cash: Furniture and Fittings
Premium Generally Accepted Accounting Principles Accounts receivable Invoice
Running Header Personal Leadership Plan: Personal Leadership Plan University of Phoenix Axia College Nadia Baboram HSM-230 August 19‚ 2010 Leadership means vision‚ principle and‚ integrity. The definition is the power to motivate others through your words and deeds; this word also can be defined as the process of social influence in which a person can enlist the aid and support of the accomplishments of a task (Wikipedia‚ 2010). When an individual becomes a leader there are required
Premium Morality Leadership Ethical leadership
This work ACC 407 Week 3 Assignment comprises: Consolidation Problems Business - Accounting Consolidation Problems. Complete P5-38 As part of your homework submission‚ be sure to show your work not just the final answer. Partial credit is awarded for your effort as well as accuracy. Showing your work demonstrates your understanding of the concept even if the final answer is incorrect. Make sure you schedule dedicated study time every day. Even though you may find other things
Premium Study skills Energy English-language films
Health and Nutrition Week 3 iLab Richard Ratliff Jr 1. Describe the healthy meal that you have created from the fast-food restaurant using the nutritional value of menu items. A. I chose the fast food restaurant McDonald’s. I have ordered a vegetarian premium wrap‚ a side salad‚ and a medium orange juice. Premium Bacon Ranch Salad (Without chicken)- 140 Calories‚ 7g of total fat‚ 300mg of sodium‚ 10g of Carbohydrates‚ 9g of protein‚ and 160 vitamins A. Side Salad- 20 Calories
Premium Nutrition Food Meal
Homework 1 1. CORRECT You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker‚ and the trade occurred on the NYSE. This is an example of D. Secondary market transaction 2. CORRECT Which of the following statements is CORRECT? E. Capital market instruments include both long-term debt and common stocks 3. Talbot Enterprises recently reported an EBITDA of $9.0 million and net income of $2.7 million. It had $3.24 million of interest expense‚ and its corporate
Premium Stock market Generally Accepted Accounting Principles Finance
Sandra Wilson Week 2 Discussion 1 Dreams Do Come True Imagine that you have decided you need a new car‚ but not any car will do; you have decided to purchase the car of your dreams. Conduct some research as to the cost of this car. You have determined in this imagined scenario that you could afford to make a 10% down payment. You can borrow the balance either from your local bank using a four-year loan or from the dealership’s finance company. If you purchase from your dealership’s finance
Premium Automobile English-language films Walking
Text Discussion Questions and Exercises: • Chapter 15: Discussion Question 9. How do variable costs and fixed costs differ? Give an example of each. Fixed costs are costs that will be the same for the next year. In my Construction Business fixed costs are office rent‚ office utilities‚ advertising costs‚ etc. In a year‚ these costs can be known ahead of time and won’t need to change even if my company does more work. Variable costs are costs that can rise or fall depending on how much work I
Premium Costs Cost Variable cost
paying the dividend. The corporations pay no taxes and investors pay no taxes on capital gains but pay a tax of 30% income tax on dividends. What is the value of the dividend that investors expect corporation B to pay one year from today? ANSWER 8. The government revises(MEANS DECREASE) the capital gains tax rate to 5%‚ which represents a substantial cut in the rate for the vast majority of investors. How would you expect this change to impact on: i) the ex-dividend price movement of shares
Premium Investment Bond Stock