conservatism principle requires that financial statements should report LEAST favorable figures. -do not close accumulated depreciation account *NET INCOME -GROSS PROFIT PERCENTAGE= GROSS PROFIT/ NET SALES REVENUE -purcahsed inventory on account=merch inv/acct pay -returned inventory=act pay/ merch inv -paid freight bill on purchase=merch inv/cash -paid merch invoice w. discount period=act pay(D)/ (C)
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Homework Problems Problem #1 For December 31‚2012‚ the balance sheet of Baxter Corporation is as follows: Current Assets Liabilities Cash $10‚000 Accts. Payable $12‚000 Accts Receivable 15‚000 Notes Payable 20‚000 Inventory 25‚000 Bonds Payable 50‚000 Prepaid Expenses 12‚000 Fixed Assets Stockholders Equity Plant & Equip(gross) $250‚000 Common Stock $75‚000 Less Accum Deprec. 50‚000 Paid in capital 25‚000 Net Plant & Equip $200‚000
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Executive Summary: British American tobacco Bangladesh is planning to extend its famous brand 555 in chewing gum market. This chewing gum is very unique in terms of its ingredients and till now no other competitors have come up with such idea. We are targeting smokers as our target market since the chewing gum is specially made to remove the after taste and smell from smoking cigarettes. This 555 chewing gum is a sugar free and Aspartame (toxic sweetener) free strong mint gum with an essence of
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MINICASE ACCT – 13 1. What are the relevant facts? - The company for which Chris is the controller is facing difficult times in light of a downturn in the construction industry. - Chris and Robin know that a material receivable from the Ender Corporation is probably uncollectable. - The allowance adjustment for the material receivable has not been made - Allowance adjustment will cause the auditor to mention the company’s unstable financial position and therefore without a clear opinion‚ the
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Working with the 555 555 is used for producing a clock (square wave) at a desired frequency. It can be used in various ways like the astable mode‚ monostable mode etc. Here‚ we deal with the astable operation of 555. Astable mode ensures that the 555 is self-triggered & so‚ it acts as a multi-vibrator. Let us look into the working of 555 in astable mode: These are the connections needed to make the 555 chip run in the ‘astable’ mode. The pin numbers are given in circles. Note the
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ACCT 612 TAX RESEARCH MEMO Gabrielle Cole Lebanon‚ Indiana January 25th‚ 2015 Relevant Facts The Pima and Southern Railroad (PSRR) needs to replace a 30 mile section of its track. The PSRR has bids from a contractor to replace the track for the following amounts: Cost of new track $5‚000‚000 Installing new track $3‚000‚000 Road bed grading and improvements $2‚500‚000 Removing old track ( net of salvage) $1‚500‚000 Total $12‚000‚000 The old track is fully depreciated
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This document comprises PSYCH 555 Week 2 Individual Assignment The Self Paper Psychology - General Psychology PSYCH 555 Week 1 Individual Assignment Social Psychology Paper Prepare a 1‚050- to 1‚400-word paper in which you analyze the conceptual foundations of social psychology. As a part of your analysis‚ address the following items: Define social psychology. Analyze the four key characteristics of social psychology as outlined in Social Beings. Explain the concept of situationism
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. DeeAnita Betances Medical Assisting Mrs.Damiani DeeAnita Betances Medical Assisting Mrs.Damiani About The AAMA Date of publication About The AAMA Date of publication History Of The AAma 1955-The Kansas Medical Assistants Society initiated a meeting in Kansas City‚ Kan.‚ to consider the formation of a national organization. 1959-AAMA was incorporated in the State of Illinois as a not-for-profit professional organization. 1969- Five two-year educational programs were accredited
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Payment Instructions Please pay at any LBC branch nationwide except the ones inside SM Malls. Provide the store cashier with the following details: Biller Name: DRAGONPAY Total Due PHP 1‚090.00 Ref No/Acct No: XSNRBBH5 Acct Name: (write your name) Amount: PHP 1‚090.00 Description: 60 Min. Full Body or Foot Massage & Sauna‚ Jacuzzi‚ Sumptuous Buffet & Drinks for P545 instead of P780 at Wensha Antipolo Please observe the following rules carefully when making your payment. Failure
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Valued Customer 1111 Huntington Drive‚ Greensboro‚ NC 27494 (336) 555-4321 Helpers@CDRC.org Valued Customer 1111 Huntington Drive‚ Greensboro‚ NC 27494 (336) 555-4321 Helpers@CDRC.org 9/28/2012 Michael Aucamp 31 Oakmont Circle Grove City‚ NC 27295 Dear Michael‚ On behalf of the Community Disaster Relief Center and all recipients of their services‚ I want to say Thank You! Your donation of $500.00 on 8/21/2012 has been a wonderful gift to our organization and will provide many people
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