Sunrise must provide for any expected losses on notes receivable that Sunrise may not collect in full. During the course of the audit‚ Smith‚ Godfroy‚ and Hannaford determined that three large notes receivable of Sunrise seem questionable. Smith‚ Godfroy‚ and Hannaford discussed these loans with Susan Carter‚ controller of Sunrise. Carter assured the auditors that these notes were good and that issuers of these notes will be able to pay their notes after the economy improves. Smith‚ Godfroy and Hannaford
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Assignment 1 E12-1 (Classification Issues—Intangibles) Presented below is a list of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list above would generally be reported as intangible assets in the balance sheet. 13. Goodwill acquired in the purchase of a business. 15. Cost of purchasing a patent from an inventor 16. Legal costs incurred in securing a patent. 17. Unrecovered costs of a successful legal suit
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CHAPTER 4 JOB COSTING 4.16 (10 min) Job order costing‚ process costing. a. Job costing l. Job costing b. Process costing m. Process costing c. Job costing n. Job costing d. Process costing o. Job costing e. Job costing p. Job costing f. Process costing q. Job costing g. Job costing r. Process costing h. Job costing (but some process costing) s. Job costing i. Process costing t. Process costing j. Process costing u. Job costing k. Job costing 4-17 (20
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Go to chapter 5/6/7 on the multiple choice questions I send you Chapter 3: Business Style: Word Choice‚ Conciseness‚ and Tone I. Word choice Plain style: style of writing that places value on simplicity‚ directness and clarity. -use common everyday words except for necessary technical terms. -use reasonable sentence lengths -use active-voice verbs and phrasal verbs ( active-voice verbs show who or what performs an action/ phrasal verbs are simple and informal‚ continuing verbs =>work out instead
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Ver. 04/09 PRACTICE FINANCIAL QUIZ #1 NOTE: The figures in these questions are not representative of any company or industry and are for the purpose of learning certain financial concepts that pertain to marketing. PART I—SALES ANALYSIS The J&J Corporation manufactures television sets‚ DVD players and MP3 players. The wholesale prices to their customers can vary from under $100 to over $1000‚ depending on the technical complexity of the item and the quantity purchased. Analyze the following
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Financial and Managerial Accounting M1-21 Applying the Accounting Equation and Computing Financing Proportions Use the accounting equation to compute the missing financial amounts (a)‚ (b)‚ (c). Which of these companies is more owner financed? Which of these companies is more non-owner financed? Discuss why the proportion of the owner financing might differ across these three businesses. ($ millions) Assets = Liabilities + Equity Hewlett Packard….$74‚708 = $36‚962 +
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The Role of Accounting on Business and our Society Purpose of Financial Statement Financial statement plays a significant role in business organization. Basically‚ it provides information about the performance‚ changes and the financial position of a business organization. The major purpose of financial statement is to provide essential information to a wide range of users as described below: Managers Financial statement helps the managers within a business organization to manage day
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92139‚089.9212‚824.80 Minimum amount she should accept is 48‚146.22 Part 4 N3 I9 Present Value Future Value X PVF of single sum PV 240‚000 X 0.77218 185‚323 Cost of Building 250‚000 Less Accum. Depr (100‚000) Book Value 150‚000 Present Value of Note 185‚323 Book Value (150‚000) Gain on sale 35‚323 b) Interest received on bonds for 10 years 300‚000 X 9 27‚000 i. n 10 interest 11 Present Value of Ordinary Annuity Rents X PVF OA PV 27‚000 X 5.88923
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1st Semester Exam Review Questions English 4 SELECTIONS FOR TESTING 1. Beowulf 2. “Sir Gawain and the Green Knight” 3. Canterbury Tales “Prologue” 4. “The Pardoner’s Tale” from CT 5. Sonnets 6. Elements of Style author’s names Terms (know by definition‚ characteristics or example). 1. Kenning: two-word poetic renamings of people‚ places‚ and things such as the kenning whales’ home for the sea ex from Beowulf: “I have come so far
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1. What is light intensity? What is hue? What is chroma? Use the male cardinal as an example for each concept. Why is chroma especially important to the male cardinal? a. Intensity: how bright‚ how many photons hitting it hue: what domain of frequency chroma: how "pure" or saturated color is. Male cardinals use light to attract females 2. A colleague sends you a newly discovered marine fish species that is bright yellow with red accents. However‚ he forgot to tell you where the species
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