LCCI International Qualifications Book Keeping & Accounts Level 2 Model Answers Series 3 2010 (2007) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Book Keeping & Accounts Level 2 Series 3 2010 How to use this booklet Model Answers have been developed by EDI to offer additional information and guidance to Centres‚ teachers and candidates as they prepare for LCCI International Qualifications. The contents of this
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Ted replied. “What’s the total of the checks you’ve written?” “$510‚000‚” she said. Ted nearly dropped the phone. “Let’s discuss this when I get into the office.” He drove down to AirTex the next morning to speak with Sarah Arthur‚ the company’s account- ant. As it turned out‚ his first day owning his own company would not turn out exactly as he had planned: I had envisioned that when I bought my company‚ I would walk in the front door the next morning‚ and everyone would bow down to me. There would
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Papers • Presentations • Abstracts • Photo Gallery • Workshops o Cybercrime Workshop o Health Care Workshop • About o About GGC o Educational Projects o Partners and Affiliates • Contact Paper 4 - Working Capital Management and Firm Performance Working Capital Management and Firm Performance: An Analysis of Ghanaian Oil Marketing Firms Solomon Kwasi Kyei University of Ghana Business School solokyei@ymail.com Purpose: Businesses face ever increasing pressure on costs and growing financing
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Actual 1996 Forecast Year Ended Percent of 1995/1/29 1995 Salesb Current Assets: Cash 43 1.2% 66 Short Term Investments 484 13.9% 484 Accounts Receivables‚ net 538 15.5% 820 Inventories 293 8.4% 447 Other 112 3.2% 171 Total Current Assets 1‚470 42.3% 1‚988 Property
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eurojournals.com/finance.htm The Relationship between Working Capital Management and Profitability: A Vietnam Case Huynh Phuong Dong Faculty of Accounting‚ Danang University of Economics‚ Vietnam E-mail: pdong2000@gmail.com Tel: +84989392392 Jyh-tay Su Assistant professor at Southern Taiwan University‚ No.1 NanTai St Yong Kang City‚ Tainan County‚ Taiwan R.O.C E-mail: rogersu@mail.stut.edu.tw Abstract The working capital management plays an important role for success or failure of firm in business
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Case Study | ASSESSING ROCHE PUBLISHING COMPANY ’SCASH MANAGEMENT EFFICIENCY | | ASSESSING ROCHE PUBLISHING COMPANY ’S CASH MANAGEMENT EFFICIENCY Lisa Pinto‚ vice president of finance at Roche Publishing Company‚ a rapidly growing publisher of college texts is concerned about the firm ’s high level of short term resource investment. She believes the firm can improve the management of its cash and‚ as a result‚ reduce this investment. In this regard‚ she charged Arlene Besseoff‚ the
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There are 3 important periods for firms which are acc. payable period‚ inventory period and acc. receivable period. Acc. payable period is the period between buying materials and paying cash. Inventory period is the period between buying materials and collecting cash. And the third period is the period between selling the product and collecting cash. Cash flow management should be done carefully. The mistakes which are made during calculation of NPV and IRR can be compensated
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Requirement: Compute the amount of allowance for uncollectible accounts to be reported in the balance sheet of V company: Estimated Uncollected Accounts Details Total Amount ($) Percentage Considered Uncollectible (%) Allowance for Doubtful Debts Accounts ($) A B C D 0 – 30 Days Past Due 60‚000 5% 3‚000 31 – 60 Days Past Due 4‚000 10% 400 Over 60 Days Past 2‚000 70% 1‚400 Total 66‚000 4‚800 Therefore‚ the amount of allowance for uncollectible accounts to be reported in the balance sheet of V Company is $4
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FINANCIAL MANAGEMENT BUSINESS CASE “Assets Evaluation” Adapted from: Marshall‚ D.H.‚ McManus‚ W.W.‚ and Viele‚ D.F. (2008). “Accounting: What the Numbers Mean”‚ 8th edition. New York: McGraw-Hill Irwin. You have been approached by the President of MT Construction Company for your advice on a number of business and accounting-related matters. Your conversation with the President‚ which took place in January 2011‚ proceeded as follows: President: “The Accounts Receivable shown on the Statement
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How the VA Can Manage your Accounts: With a web accounting administration‚ your virtual colleague can deal with your pay and costs‚ track customer charging and ensure that yours are being paid on time. Sam has two organizations he is running all the while. All requests for his first are invoiced through QuickBooks by his virtual right hand who then tracks when they are paid. Since his is a continuous administration‚ his virtual right hand is additionally ready to monitor the customers’ purchasing
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