The Philippine System of National Accounts (PSNA) Net Factor Income from Abroad - Estimation Methodology Income Flow | Estimation Methodology at Current Prices | Estimation Methodology at Constant Price | | Preliminary | Revised | | Inflow | | | | Compensation | Total stock of OFW x average salary x average forex | same as preliminary but uses updated data | | Property Income | Investment income from BOP x average forex | same as preliminary but uses updated data | | Total
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equipment is 240‚000/96‚ or $2‚500 per month. 2. The note payable to Rent-It is good for one year. $100‚000 and the accumulated interest are due on November 30‚ 2012. The account payable for office supplies is due in thirty days‚ or January 2‚ 2012. The account payable to Universal Utilities is due in thirty days‚ or January 30‚ 2012. The company declared a dividend of 10 cents per share‚ payable on January 15‚ 2012. Income taxes are payable in 2012. 3. Susquehanna Equipment Rentals was named
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(Accounts Receivable‚ Inventory‚ Long-lived Assets‚ Bonds) 1. GNC has the following information regarding the inventory of its Super Mega‚ a multivitamins. Assume GNC uses periodic inventory system each quarter and FIFO. a. On July 1‚ GNC had 200 bottles of Super Mega in stock. Each bottle costs $3. b. On July 15‚ GNC purchased 5‚000 bottles of Super Mega for $25‚000 from a supplier‚ paid $10‚000 in cash and the rest was on credit. c. On August 15‚ GNC purchased another 1‚000 bottles of Super
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Bank of Baroda ACCOUNT OPENING FORM FOR INDIVIDUALS Branch: Account No. F. No.-401 Y Y Y _________________________________________________ Date: Branch ALPHA D D M M Y Scheme Code ------------------------------------------------------------------------------------------------------------------------------------I/We request you to open my/our deposit account with your branch/bank as under: (Tick (√) relevant type of account) Type of Account Scheme Name Type of Account Scheme Name Savings
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declared and issued a 5% common stock dividend when the market value was $2 per share. Trent’s net income for 2010 was $360‚000. What is the balance in Agee’s investment account at the end of 2010 Cost $500‚000 Share of net income (.25 × $360‚000) 90‚000 Share of dividends (.25 × $160‚000) (40‚000) Balance in investment account $550‚000 2)During 2008‚ PK Co. purchased 2‚000‚ $1‚000‚ 9% bonds. The carrying value of the bonds at December 31‚ 2010 was $1‚960‚000. The bonds mature
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Matthew Smith Week 2 You Decide Assignment Accounts Receivable Crisis 09/05/11 Instructor: Eric Oestman Class: HS543 I. INTRODUCTION: After conducting a meeting with the medical staff‚ various clinical departments‚ Health Information Management‚ and Business office personnel regarding Accounts Receivable issues within our facility‚ it was determined that many different areas of concern needed to be addressed. This includes problems with patient admission and registration procedures
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The US Current Account Deficit Case Analysis 1 The large US current account deficit is attributed to a widening trade imbalance which accounts for 87% of the US deficit (see Exhibit 1). The trade deficit is the result of globalization‚ consumer spending‚ and large current account surpluses found in China‚ oil exporting countries‚ and Russia totaling a combined surplus of $920B in 2008 (see Exhibit 2). Globalization of production resulting from low labor costs in China and other emerging markets
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THEME: ACCOUNTS PAYABLE By John W. Day‚ MBA ACCOUNTING TERM: Accounts Payable An account payable is normally an unsecured‚ non-interest bearing current liability‚ owed by the company to a vendor for the purchase of trade goods or services. FEATURE ARTICLE: Accounts Payable Accounting If you are a small business owner or manager and you are having trouble keeping track of all those outstanding bills that have to be paid each month‚ perhaps you need to set up an accounts payable system. Some small
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analyze the accounts payable process at S&S so the transition to a computerized system will be easier. He also hopes to improve any weaknesses he discovers in the system. In the following narrative‚ Ashton explains what happens at S&S: Before S&S pays a vendor invoice‚ the invoice must be matched against the purchase order used to request the goods and the receiving report that the receiving department prepares. Because all three of these documents enter the accounts payable department
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December 31‚ 2010 you are called upon to verify the accounts payable transactions. You find that the company does not make use of a voucher register but enters all merchandise purchases in a Purchases Journal‚ from which posting are made to a subsidiary accounts payable ledger. The subsidiary ledger balance of P1‚500‚000 as of December 31‚ 2010 agrees with the accounts payable balance in the company’s general ledger. An analysis of the account disclosed the following: Trade creditors‚ credit
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