Liabilities Capital Revenues Credits are increases for these types of accounts: Liabilities Capital Revenues Credits are decreases for these types of accounts: Assets Withdrawals Expenses (5 min.) S 2-2 “The basic summary device in accounting is the account. The left side is calld the debit side‚ and the right side is called the credit side. We record transactions first in a journal. Then we post (copy the data) to the ledger. It is helpful to list all the accounts with their balances
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The Evolution of the Telephone Thanks to Alexander Graham Bell‚ you can “hear me now‚” whenever and wherever you want. From a way to improve the telegraph to the smartphones we carry with us‚ the telephone has seen an evolution in technology like no other device. For the thirty years prior to its development‚ the only form of communicating with someone over long distances was either through the telegraph or by letter. As our country continued to expand‚ a better way to communicate was needed
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He has lately made improvements in his method of transmission‚ by which he dispenses with the use of the battery‚ and substitutes the magneto-electric plan of producing the current. Reis telephone (1861) Johann Philipp Reis A transmitter‚ the companion piece for his telephone receiver. The First Telephone (1876) Alexander Graham Bell You place the earpiece to your ear and speak into the microphone attached to the box on the wall. Later models had a little generator handle which you would
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James Whittle Salem Telephone Company Case Study 9/29/2014 1.) The variable costs in Exhibit 2 are Power and Hourly Personnel Wages as the costs fluctuate from month to month and are driven by the revenue hours for the company. The fixed costs in Exhibit 2 are Rent‚ Custodial Services‚ Computer Equipment Leases‚ Computer Maintenance‚ Computer Depreciation‚ Office Equipment and Fixtures Depreciation‚ Salaried Staff Wages‚ Systems Development and Maintenance‚ Administrative Wages‚ Sales Wages
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settle the obligation; and (c) a reliable estimate can be made.” When it is not clear if there is a present obligation‚ IAS 37-15 also defines a present obligation as obligation that “more or likely than not is risen by a past event after taking accounting of all available evidence”. Moreover‚ IAS 37-22 also specifically provides that “where details of a proposed new law have yet to be finalized‚ an obligation arises only when the legislation is virtually certain to be enacted as drafted”. As it is
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1.) VARIABLE EXPENSES - Power - Operations (hourly personnel) FIXED EXPENSES - Rent - Custodial services - Computer leases - Maintenance - Depreciation - Operations (salaried staff) - Systems development and maintenance - Administration - Sales - Sales promotion - Corporate services 2.) VARIABLE EXPENSES: COST/HOUR JAN. FEB. MAR. Power: 4.7 4.7 4.7 Operations (hourly personnel): 24 24 24 TOTAL: 28.7 28.7 28.7 3.) CONTRIBUTION MARGIN INCOME STATEMENT
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The Nigerian poet Wole Soyinka uses the poem the telephone conversation to express the apathy one‚ particularly the black has‚ against Apartheid. Through an ironical dialogue over the telephone the poet criticizes the strong feeling of hatred that has arisen due to racial discrimination. The poem starts on a mild note where the poet negotiates the renting of an apartment with the landlady over the telephone. They were agreeable on the ‘price’ the ‘location’ and privacy. The price was ‘reasonable’
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Telephone Etiquette A phone is ringing somewhere in your office. By the third ring the call should be Answered. BUT… before you pick up that phone: 1. Clear your mind of all but the task at hand – responding to the caller. 2. Prepare your phone voice 3. Answers by the 3rd ring 4. Offer your standardized greeting. 5. Be prepared before you respond. 6. Treat the caller with respect; be efficient‚ effective‚ empathetic and
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Case 12-03 - Contingencies Scenario 1 Energy should recognize a provision as of December 31‚ 2011‚ in reporting to its U.K. parent under IFRSs and in reporting to its U.S.-based lender in accordance with U.S. GAAP. IFRS and GAAP follow three steps in order to determine if a provision should be recognized. They are: a) the entity has an obligation
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copy of the 3rd edition of The Future of Business by N. Althouse‚ S. Rose‚ L. Allan‚ L. J. Gitman‚ & C. McDaniel. Published by Thomson Nelson. The assigned text is the 4th edition of the book‚ which is available for purchase new from the University of Saskatchewan bookstore. However there are used copies of the 3rd edition of the book on sale around campus. Given that much of text in the two books is the same‚ it should be possible to use the 3rd edition instead of the 4th edition. If you do buy
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