services to customers. Answer Key: A Question 5 of 20 5.0/ 5.0 Points Sales discounts are granted by the seller to customers for payment at the end of the month. Correct A. True B. False Answer Key: False Question 6 of 20 5.0/ 5.0 Points If payment is due by the end of the month in which the sale is made‚ the invoice terms are expressed as n/eom.Correct A. True B. False Answer Key: True Question 7 of 20 5.0/ 5.0 Points Since merchandise
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21‚Jan.2015 Ms Leila Hussein 6 HAVEN St. MELBROUNE‚ AUSTRALIA‚ 1234 Dear Ms Leila Coffee Ville is pleased to formally offer you the position of café manager in our coffee shop. As discussed you will be responsible for the manager support function for our store. The duties and responsibilities that you will be expected to carry out are detailed in the attached job description (appendix 3). You will report directly to the Emma and your normal working hours are expected to be 7.00am to 5.00pm‚ Monday
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Copyright © 2011 John Wiley & Sons‚ Inc. Weygandt‚ Accounting Principles‚ 10/e‚ Solutions Manual (For Instructor Use Only) 1-33 PROBLEM 1-1B (a) VINCE’S TRAVEL AGENCY | | | | | | | | | | | | | Owner’s Equity | | | Cash | + | AccountsReceivable | + | Supplies | + | Equipment | = | AccountsPayable | + | Owner’sCapital | – | Owner’s Drawings | + | Revenues | – | Expenses | | | | | | | | | | | | | | | | | | | | 1.2.3.4.5.6.7.8.9.10. | | +$15
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ACCT 421A: CORPORATE TAX : Chapter Sixteen DISCUSSION QUESTIONS 5. How are farmers treated differently from other producers in regard to tax accounting? Since farmers are usually allowed to use the cash method of accounting‚ the UNICAP rules do not apply to farmers‚ except in the case of plants with a reproduction period of more than two years. The farmer can elect to use the farm price method of the unit-livestock-price-method. A farmer may also elect to average the income from farming
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selling them at a profit at more well-known sites. She downloads and uploads lots of graphics (pictures of the items she’s buying and selling). She is getting frustrated with the slow Internet access she has with her 56-Kbps dial-up modem and asks you for advice. DSL is available at a cost of $60 per month for 1.5 Mbps down and 384 Kbps up. Cable modem service is available for a cost of $50 per month for 1.5 Mbps down and 640 Kbps up. Wireless DSL is available in her apartment building for $45 per
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Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 0 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) Student Answer: period cost. incremental cost. opportunity cost. None of the above Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 3. Question : (TCO A) Depreciation of office buildings and office
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Study Guide Chapter 5 1. “More than a toleration of an alien culture is required…there is need for affirmative acceptance as different but equal.” Elaborate. This statement refers to cultural adaptation. It is important for different cultures to meet in the middle and not lose what makes their culture unique. There are three aspects to adaptation. These are‚ cultural imperatives‚ cultural electives‚ and cultural exclusives. Imperatives are aspects of business that all cultures come
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Acct 496 CH5 Assignment Kangkang Guo Q1. What is a provision‚ and when must a provision be recognized? Provision provides guidance for reporting liabilities of uncertain timing‚ amount‚ or existence. A provision should be recognized when: 1). The entity has a present obligation (legal or constructive) as a result of a past event. 2). It is probable (more likely than not) that an outflow of resources embodying economic events will be required to settle the obligation. 3). A reliable estimate of
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This archive file contains HRM 558 Week 6 HR Team Evaluation Business - Management Read the HR Team Evaluation Scenario posted on the student website. Write three separate memos‚ no more than 700 words each‚ regarding the status of the training‚ retention‚ and forecasting programs. In each memo‚ provide a recommendation to improve the program. Write a summary of no more than 700 words explaining your recommendations for the training‚ retention‚ and forecasting‚ and how they‚ together
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ANSWERS Quiz 1 profit margin on sales for 2013. Net income/net sales. receivables turnover ratio net sales/average A/R inventory turnover ratio for 2013. COGs/average inventory asset turnover ratio for 2013.Net sales/average total sales average collection period for 2013.365/receive turnover ratio. average days in inventory for 2013.365 / inventory turnover ratio decimal place. return on assets for 2013. Profit margin*assets turnover. return on stockholders’ equity for 2013. Net income/ average
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