ACC 400 Week 2 Team Assignment-Text Assignments Exercise E7-2 & Problem Set B P7-2B.doc To Purchase this Tutorial Copy And Paste Below Link In Your Browser http://www.homework-bank.com/downloads/abs-497-complete-course-material/ For Any Information or Any Class Which you Did not find on Our Website ‚ Just Hit US Email On below address Email Address: hworkbank@gmail.com Visit Our Website : http://www.homework-bank.com/ ACC 400 Week 2 Team Assignment-Text Assignments Exercise E7-2 & Problem
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Assignments from the Readings Week 2 CHAPTER 7: EXERCISE E7-2 (PAGE 349) Culotti’s Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter‚ the customers can see other employees making the pizzas and the large ovens in which the pizzas are baked. Instructions: Identify the six principles of internal control and give and example of each principle that you might observe when picking up your pizza.
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Running Head: Current and Noncurrent Assets Paper Current and Noncurrent Assets Paper <Name> ACC/400 – Week One Instructor’s Name: <Name> <Date> Introduction Current and non-current assets are important items to evaluate a balance sheet. The following paper evaluates the meaning and differences between current and non-current assets. In addition to that‚ the paper will describe the order of liquidity and its application in a balance sheet. A company’s balance sheet includes
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the period in which the sale was made. There are three essential accounting features to the allowance method: 1. Uncollected debt for accounts receivable are matched against revenues within the same accounting period in which they are recorded. 2. Estimated uncollected debt are debited to bad debts expense and credited to Allowance for Doubtful Accounts via an adjusting entry at the end of each period. 3. Allowance for Doubtful Accounts are actually debited and credited to accounts receivable
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turnover.(2) Receivables turnover. (5) Days in inventory.(3) Average collection period. (6) Current cash debt coverage.(b) Compute the following solvency ratios for the two companies and comment on the relative solvency of the two competitors.(1) Debt to total assets ratio.(2) Times interest earned.(3) Cash debt coverage ratio.(4) Free cash flow.(c) Compute the following profitability ratios for the two companies and comment on the relative profitability of the two competitors.(1) Profit margin.(2) Asset
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Acc 422 – Week 2 Solutions – Individual Assignments EXERCISE 8-5 (15–20 minutes) (a) Inventory December 31‚ 2007 (unadjusted) $234‚890 Transaction 2 13‚420 Transaction 3 -0- Transaction 4 -0- Transaction 5 8‚540 Transaction 6 (10‚438) Transaction 7 (10‚520) Transaction 8 1‚500 Inventory December 31‚ 2007 (adjusted) $237‚392 (b) Transaction 3 Sales 12‚800 Accounts Receivable 12‚800 (To reverse sale entry in 2007) Transaction 4 Purchases
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70‚000 units 80‚000 units 90‚000 units Sales $1‚400‚000 $1‚600‚000 $1‚800‚000 Cost of goods sold 840‚000 960‚000 1‚080‚000 Gross profit on sales $560‚000 $640‚000 $720‚000 Operating expenses ($90‚000 fixed) 370‚000 410‚000 450‚000 Operating income $190‚000 $230‚000 $270‚000 Income taxes (30% of operating income) 57‚000 69‚000 81‚000 Net income $133‚000 $161‚000 $189‚000 Assume that the cost of goods sold and variable operating expenses vary directly with sales and the income taxes remain
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Management‚ 10e (Robbins) Chapter 7 Foundations of Planning 1) Planning is concerned with how objectives are to be accomplished‚ not what is to be accomplished. 2) Planning provides direction to managers and nonmanagers alike. 3) Even without planning‚ departments and individuals always work together‚ allowing organizations to move efficiently toward its goals. 4) Research indicates that nonplanning organizations always outperform planning organizations. 5) Goals are the foundation of organizational
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Unit 7 Chapter Exersises NT 1430 Tyrel Cain (19103625) Tyrel Cain NT1430 4/30/2015 Unit 7 Chapter Exercises Chapter 22 1. What are three reasons to use NFS? a. NFS reduces storage needs. b. NFS simplifies system administration. c. NFS makes backing up data simpler. d. NFS improves data consistency and reliability. 2. Which command would you give to mount on the local system the /home? Directory hierarchy that resides on the file server named plum? Assume the mounted directory hierarchy will
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Assignments from the Readings ACC/400 July 15‚ 2013 Assignments from the Readings Chapter 8‚ Question 3: What are essential features of the allowance method of accounting for bad debt? According to Kimmel‚ Weygandt‚ & Kieso‚2007: 1. Estimated uncollectible accounts receivable: These accounts match them against revenues in the same accounting period. 2. “Record estimated uncollectible as an increase (a debt) to bad debt expense and an increase ( a credit) to Allowance for Doubtful
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