Inventory- merchandise on hand (not sold) at the end of the accounting period o Multi-step income statement- contains several sections‚ subsections‚ subtotals o Sales-total amount charged customers for merchandise sold – (cash sales‚ and sales on acct.) o Sales returns and allowances-granted by seller to customers for damaged/defective merchandise. o Sales discounts-granted by seller to customer for early payment of amounts owed. o Example- 2% discount on $10‚000‚ if paid in 10 days
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Banagalore. Department of Mechanical Engineering Sri Krishna Institute of Technology‚ (AFFILIATED TO VTU)‚ Bengaluru – 560 090. SRI KRISHNA INSTITUTE OF TECHNOLOGY. (Affilited to Visvesvaraya Technological University ) Bengaluru – 560 090 DEPARTMENT OF MECHANICAL ENGINEERING CERTIFICATE Certified that the Project “V-BLOCK GRIND ELIMINATION AND DEPTH VARIATION IN TGT GROOVE GRINDIND” Is a bona
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Bank Accounting is an application within the financial accounting module of SAP. It helps users in managing incoming and outgoing payments for cash balance controlling. It also further provides users with ease in managing accounting transactions with their respective banks. Master Data Master data is stored centrally in the bank directory. Bank Directories: these contain the bank master data for all the banks that the user approaches for business transactions. This means‚ data of the user’s own
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Analyzing and comparing the absorption of visible light of Spinacia oleracea and Musa acuminata Pruthvi Pediredla Due: February 21‚ 2014 BY 214: Botany I certify that this work is solely my own‚ and any outside source was paraphrased and properly cited. Abstract The purpose of this study is to give insight about the role of absorption in plants and to compare two particular plants‚ Spinacia oleracea and Musa acuminata‚ which use different wavelengths of light to display various
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ACCOUNTING MINICASE: ACCT – 08 TEACHING NOTES BUSINESS ETHICS PROGRAM Booking the Budget Teaching Notes What Are the Relevant Facts? 1. Maria and Andy have organized and are responsible for the accounting system of the HMO. 2. Bob and Connie‚ executive officers of the HMO‚ are mainly concerned with rosy sales results. 3. Financial sales accruals have been recorded for numbers that are closer to budget projections than actual sales. 4. Auditors reviewing the financial figures will require
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organising committee laid out the following figures: * £560 million for new venues‚ including £250 million for the Olympic Stadium. * £650 million for the Olympic village. * £1.5 billion to run the Games. * £200 million on security. The revenue for the games was also projected: * £1.5 billion from a special Olympic National Lottery game. * £625 million from a council tax surcharge of £20 per year for London households. * £560 million from IOC television and marketing deals.
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Yonsei University Graduate School of Business Corporate Finance Harvard Business Case Investment Analysis and Tri Star Lockheed 1. (A) The payback is 35‚000/5‚000= 7 years Computation of the NPV : 15 NPV= -35‚000 + Σ 5‚000 / ( 1 + 12%)^ 15 i=1 NPV = $- 947. 67 Computation of the IRR : 15 0= -35‚000 + Σ 5‚000 / ( 1 + IRR)^ 15 i=1
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SHIRLEY S. CARRILLO were appointed as the official signatories and authorized persons to transact legal matters and concerns in relation to their duties; WHEREAS‚ GTMEMPCO has an active joint account to GSIS Family Bank (General Trias Branch) with Acct. No. 10-009-005907-5 under the names of DENNISE R. COLUMNA and MARIBEL S. MOYA; WHEREAS‚ upon effectivity of this resolution‚ the depositor’s name of said account will now be changed from DENNISE R. COLUMNA and MARIBEL S. MOYA to DENNISE R. COLUMNA
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Edita Mercado Su Jane Acct 301 FASB Codification Assignment 3/13/2013 Professional Research: FASB Codification A. Identify relevant Codification section that addresses transfers of receivables. The relevant codification section that addresses transfers of receivables is the following: FASB ASC 860-10-05-15. C. Provide definitions for the following: 1) Transfer: The conveyance of a noncash financial asset by and to someone other than the issuer of that
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ACCOUNTING MINICASE: ACCT – 13 TEACHING NOTES BUSINESS ETHICS PROGRAM Survive the Year Teaching Notes What Are the Relevant Facts? 3. Not make the allowance adjustment but provide information to the auditor that will effectively lead to revealing the uncollectability of the Ender account. Chris and Robin‚ the CEO‚ know a material receivable is probably uncollectable‚ but no adjustment to the allowance account has yet been made. 4. Make a partial adjustment for the uncollectable receivable
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