Pacific Groove Spice Company is a company that sells a selection of food‚ spices‚ teas and coffees. Due to ever increasing awareness regarding diet and flavor in public‚ the company has experienced tremendous growth and is in constant need of funds. Debra Peterson‚ the CEO of the company‚ is evaluating different options to raise the funds required to invest in accounts receivable‚ inventory and fixed assets. Need for funds became more critical when the chief supplier of funds to the company‚ the
Premium Balance sheet Accounts receivable Finance
may be valued. What is the most realistic approach to determining a business’s true value? Why? The value of tangible assets is determined based on one of three factors: Book value. What the asset originally cost or what it is worth from an accounting viewpoint; the amount shown on the books as representing the assets value as a part of the firm’s worth. Replacement value. What it
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
Labour Cost: $8.50/hour The Facilities Manager has estimated that the Manufacturing Overhead will be projected at: o Variable Overhead Rate to be $8 per Direct Labour hours o Fixed Overhead Rate to be $3‚000 per month The Accounting Department Manager has provided the following information: Selling and Administrative Expenses are projected to be a monthly cost of: o Salaries $6‚000 o Rent $1‚500 o Advertising $1‚100 o Telephone $300
Premium Accounts receivable Balance sheet Generally Accepted Accounting Principles
information‚ such as product information‚ inventory‚ customer phone numbers‚ invoices or anything data related. With enough storage space‚ database programs can store thousands of files for decades. Computers make pencil and paper jobs obsolete. From accounting to inventory management‚ computers are faster and more accurate. Bluetooth technologies make inputting data into computers even easier. As through wireless communication‚ computers can detect items and data without human interaction. For example
Premium Accounts receivable Bluetooth Balance sheet
Webinar] (1888 PressRelease) Corcentric’s latest Webinar details the big 2015 trends that will impact AP departments for the foreseeable future. McLean‚ VA - Corcentric‚ a leading provider of accounts payable automation and electronic invoicing software‚ announced that it will host a new Accounts Payable Webinar‚ "AP Trends for 2015: Are You Ready?" on Wednesday‚ November 19‚ 2014 at 2:00 PM ET/11:00 AM PT. The accounts payable landscape is changing‚ affected by major trends in technology and regulation
Premium Accounts receivable Invoice Accounts payable
SEMESTER “SPRING 2012” Financial Accounting (MGT101) Assignment # 02 Due date: 12th April‚ 2012 Marks: 20 The following Trial balance was extracted from the books of ABC Company on 30th June‚ 2011. Particulars Cash Accounts receivable Plant and machinery Land and building Furniture and fixtures Capital Accounts payable Purchases Purchases return Sales Prepaid insurance Advertisement expenses Interest expenses Salaries expenses Outstanding salaries Creditors Carriage on sales Carriage inwards Total
Premium Accounts receivable Balance sheet Typeface
Expense XXX Cash XXX r. Paid salaries. Salaries Expense XXX Cash XXX s. Paid rent. Rent Expense XXX Cash XXX t. Paid utilities. Utilities Expense XXX Cash XXX Problem 2 On March 1‚ 2011‚ Jil M. Paginag‚ CPA‚ established the JIL Accounting Firm. Transactions completed during the month of March are as follows: March 1 JIL deposited 250‚000 in a bank account in the name of the business. 2 Paid rent for the month‚ 11‚000. 3 Rendered service to KC company on Account‚ 10‚000. 4 Received
Premium Accounts receivable Generally Accepted Accounting Principles Accounts payable
MINIMIZING WORKING CAPITAL Working capital is the key to a successful business. It is like their blood flow and the manager’s job is to help keep it flowing. Under the Generally Accepted Accounting Principles working capital is simply the difference between a company’s Current Assets‚ which are cash‚ inventory‚ accounts receivable and prepaid items‚ and Current Liabilities‚ accounts payable and accrued expenses. Working capital is of major importance to a business because it controls the current
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
change because stock purchase in exchange for services is treated the same as stock purchases in exchange for cash. C: 2-45 Incorporating a Cash Basis Proprietorship. Ted decides to incorporate his medical practice. He uses the cash method of accounting. On the date of incorporation‚ the practice
Premium Balance sheet Accounts receivable Accounts payable
Haddon House QNT/275 June‚ 28‚2014 Dr. Juritsa Haddon House Haddon House Food Products has over 50 years of experience in the gourmet food industry. As you know our inventory selection is more than 20‚000 items which consists of major brand within ethnic and gourmet categories. One of our most popular brands is Jane’s Krazy Mixed-up seasonings. Haddon House is very strong when it comes to selling our products. However‚ Haddon House needs improvement when it comes to employee turnover. Haddon
Premium Accounts receivable Marketing Sales