12.53 2.87 0.92 1.95 2002 725.45 506.91 218.54 104.14 21.54 92.86 35.51 57.35 18.35 39.00 2003 793.34 559.53 233.81 125.53 20.89 87.39 24.67 62.72 20.07 42.65 2004 814.55 595.34 219.21 136.57 21.22 61.42 17.96 43.46 13.91 29.55 Balance Sheet Cash Acct receivable Inventory Total current assets Land pland‚ equipment Other assets Total long-term assets Total assets Accounts payable Current portion of LT debt Total current liabililties Long-term debt Shareholder’ equity Total
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Accounting Information and Decision Making Financial accounting: Measurement and communication‚ measures business activities of a company & communicate to external parties Managerial Accounting: methods accountants use to provide info to managers (acct 210) Who needs to make decisions about companies? Investors Creditors-lend money Customers-big customers (i.e. Apple buys memory chips from Samsung) Suppliers-ability to pay Managers-production/expansion Employees-employment opportunities Competitors-market
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Student Name: Jay Patadia Course Instructor Name: Jacquelyn Moffitt‚ PhD Course Name: ACCT 3001 v1.0 (Section 3) Module 1: Financial Accounting & Accounting Standards 1. Differentiate broadly between financial accounting and managerial accounting. -Financial accounting measures‚ classifies‚ and summarizes in report from those activities and that information which relate to the enterprise as a whole for use by parties both internal and external to a business enterprise. Managerial accounting
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FORENSIC ACCOUNTING Alicia Johnson ACCT 310 Intermediate Accounting II Professor McNeal Fall 2004 Forensic Accounting is a fast growing field in the "World of Accounting". Its creation dates back to the early 1800 ’s in Glasgow‚ Scotland. Although it has been around for a long time‚ it has become increasingly popular in the past few years as there have been a number of corporate scandals‚ stricter reporting‚ and internal control regulations involving public awareness and importance in
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RETAINER AGREEMENT Tim Storrier currently holds an established and respected position within the art marketplace and has stated a clear aspiration to elevate brand ‘Storrier’ significantly in the target markets of London and New York in the next 1-2 years. The role of brand ‘Storrier’ freelance Marketing Manager is to articulate‚ provide and coordinate strategic and creative marketing services as required to achieve this aspiration‚ whilst also maintaining and enhancing the brands current position
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ACC121 FINAL EXAM – Problems (130 points total) First 10 problems @ 11 points each; 1 problem @ 20 points Student name _Katerina Worley______________________ Date _6/23/15____________________ 1. Given the following information about purchases and sales during the year‚ compute the cost to be assigned to ending inventory under each of three methods: (a) average-cost‚ (b) FIFO‚ and (c) LIFO. (Show your work.) Assume that a periodic inventory system is used. Jan. 1 Beginning inventory 225 items
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How the Simulation is Scored How performance in the Capstone Simulation results in a simulation grade The base Capstone Simulation point score is generated as outlined below. You may access your Round and Cumulative score during Team Competition on the CapSim website at Reports →Analysis & Scoring →Analyst Report. This document outlines how the 10-item scoring method will be used. Your grade for the team or Individual Competitions will be simply your total points earned divided by the maximum points
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James Huang Professor Lau ACCT 495 May 2‚ 2015 BonneSante S.A. 1. How well do the chief accountant’s assumed lease characteristics line up with the company’s past lease term experience? Illustration 1: The truck lease would be accounted for as a regular equipment lease with the interest every month. Truck Rental Expense 800 Interest Expense 40 Cash 840 Illustration 2: If we determine the probability of lease terms‚ for 60% the lease will be for 6 years‚ so we will use 6 years as the lease term
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social factors‚ provisions of ‘‘Fifth Schedule" and ‘‘Sixth Schedule"have been enshrined in the Constitution. The Fifth Schedule under Article 244(1) of Constitution defines ‘‘Scheduled Areas" as such areas as the President may by Order declare to be Scheduled Areas after consultation with the Governor of the State. The Sixth Schedule under Article 244 (2) of the Constitution relates to those areas in the States of Assam‚ Mehalaya‚ Tripura and Mizoram which are declared as ‘‘Tribal Areas" and provides
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Dumpty demonstrates the malleability of language when he gives words his own definitions‚ such as when he defines glory as “a nice knock-down argument” (244). Alice says to him that that is not what the word glory means‚ in response to which Humpty Dumpty says‚ “[w]hen I use a word […] it means just what I choose it to mean – neither more nor less” (244-245). A bit later‚ Alice asks him whether he “can make words mean so many different things” and Humpty Dumpty says that the real question of language
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