Accrual Accounting: Income is recorded as you invoice customers‚ and expenses are recorded when you receive bills from vendors‚ regardless of when cash is actually exchanged. This presents a truer picture of income and expenses. Most companies use this method. Cash-Basis Accounting: Income is recorded when cash (checks‚ money orders‚ or currency) is received‚ and expenses are recorded when paid. However‚ unpaid credit sales and purchases do not show on ledgers‚ which can present a misleading
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CLICK TO DOWNLOAD MAT540 Week 8 Homework Chapter 4 14. Grafton Metalworks Company produces metal alloys from six different ores it mines. The company has an order from a customer to produce an alloy that contains four metals according to the following specifications: at least 21% of metal A‚ no more than 12% of metal B‚ no more than 7% of metal C and between 30% and 65% of metal D. The proportion of the four metals in each of the six ores and the level of impurities in each ore are provided
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Week 5 – Homework – Answer Key Due Feb. 23‚ 2013 A total of 20 points are possible for this homework 1. A black guinea pig is crossed with an albino guinea pig‚ producing 12 black offspring. When the very same albino is crossed with another black guinea pig‚ 7 black and 5 albinos are obtained. Explain this genetic outcome by writing out the genotypes for the parents‚ gametes‚ and offspring in both crosses. First Cross: The fact that all F1 offspring are black suggests that the parents of the first
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you learned‚ what could be applicable to your workplace or personal life‚ and how your knowledge has increased as a result of what you experienced through the learning activities in the previous week. * Submit your team summary of the discussion in a 1- to 2-page Microsoft® Word document. In week two I learned a lot about how different databases reflect in different ways according to the different business needs. During the second discussion question I learned about how the two major databases
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customers to consume the services that influence the lodging demand positively‚ while the high cost of air travel facilitates the customers to avoid the consumption of lodging services (Stutts 2005). Hence‚ it influences the lodging demand negatively. 2. At what time in history did the modern hotel industry emerge? What were the three contributing factors and how did they impact the industry today? The modern hotel industry was emerging at different times in developed countries and under developing
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Teeya Clarke MBA 621-Financial and Managerial Accounting July 11‚ 2015 Problem 2-3 Indicate the net effect on assets‚ liabilities and owners’ equity resulting from each of the following transactions: Assets=Liabilities+owners’ Equity 1. Capital stock was issued for $100‚000 cash This will increase assets by $100‚000 and increase equity by $100‚000 2. Bonds payable of $25‚000 were refunded with capital stock. The liabilities will be decreased by 25‚000 and increase equity by 25‚000 3. Depreciation
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The Manager and Management Accounting BUSI 0028 Sem 2‚ 2012/13 Dr. Olivia Leung © 2012 Pearson Education. All rights reserved. Accounting Discipline Overview Managerial accounting—measures‚ analyzes‚ and reports financial and nonfinancial information to help managers make decisions to fulfill organizational goals. Managerial accounting need not be GAAP compliant. Financial accounting—focus on reporting to external users including investors‚ creditors‚ and governmental
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2-7 The PCAOB has responsibility for establishing auditing standards for public companies‚ while the Auditing Standards Board (ASB) of the AICPA establishes auditing standards for private companies. The ASB previously had responsibility for establishing auditing standards for both public and private companies. Existing auditing standards were adopted by the PCAOB as interim auditing standards for public company audits. 2-10 For the most part‚ generally accepted auditing standards are general rather
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Week 2 Assignment Chapter 15 Bickley Engineering Company has a capital structure of 30% Debt and 70% Equity. Its current Beta is 1.3‚ and its Market Risk Premium is 7.5% Points. The current Risk Free Rate is 3.5%. Bickley’s marginal tax rate is 40%. What is the Unlevered Beta of Bickley? Unlevered beta = levered beta/(1+(1-T) D/E) = 1.3 /(1+(1-0.4)X(0.3/0.7) = 1.03 Bickley’s management would like to change its capital structure to 15% Debt and 85% equity by retiring its bonds yielding
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ACCOUNTING HOMWRK WK2 CLA DISCUSSION Graded Activity: Class Discussion (25 points) | Instructional Objectives for this activity: Describe the terms asset‚ liability‚ and owner’s equity account Outline how the accounting equation is utilized | The relationship between three basic accounting elements – assets‚ liabilities‚ and owner’s equity – can be expressed in the form of a simple equation known as the accounting equation. Please respond to all of the following prompts in the class
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