and permits and $12‚000 for fines and forfeits. Answer: licenses and permits (Subsidiary Ledger) DR: Licenses & Permits $31‚000 CR: Cash $31‚000 fines and forfeits (general ledger) DR: Estimated Rev $12‚000 CR: Budgetary fund bal. $12‚000 2. Supplies were
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price ……………………..650‚000 PV of rental income…………….………(47‚058.60) Net PV …………………………….…….602‚941.40 Instructions In which building would you recommend that Brubaker Inc. locate‚ assuming a 12% cost of funds? Building C because it PV is the smallest E7-2 (Determine Cash Balance) Presented below are a number of independent situations. Instructions For each individual situation‚ determine the amount that should be reported as cash. If the item(s) is
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Homework Assignment: Week 1 Keller School of Management ACCT 573 Accounting Fraud Criminology and Ethics How can corporations ensure that their employees behave ethically? There are many things that a corporation can do to make sure that their associates are behaving in an ethic manner. Management must be ambitious and give enticements to work hard in the interests of stockholders and shareholders. Their behavior must also be analyzed to safeguard they do
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COMP122 Week 1 Homework Part 1: Complete the following problems. 1. What is machine code? Why is it preferable to write programs in a high level language such as C++? Machine code it the language that the computer understands. High level languages are better because they are easier to understand and work with. 2. What does a compiler do? What kinds of errors are reported by a compiler? A compiler translates one computer language into another. It also pics up errors in the program being
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Week 2 Homework Chapter 3: Problem 3-1‚ 3-2 P3-1. If you have $1‚500 to invest today at 7% interest compounded annually. a. How much will you have accumulated in the account at the end of the following number of years? 1. 3 years -$1‚500 PV 3 N 7 I/P CPT FV=$1‚837.56 2. 6 years -$1‚500 PV 6 N 7 I/P CPT FV=$2‚251.10 3. 9 years -$1‚500 PV 9 N 7 I/P CPT FV=$2‚757.69 4. b. Use your
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FIN 534- Homework Set #1 1. $502‚640 + 120‚000-169‚056=$453‚584- 17050= $436‚534 2. If Congress change the tax laws Berndt’s‚ the reported profit would decrease and the net cash flow would most likely remain the same. 3. Current Ratios (Current Assets / Current Liabilities): $2‚680‚112 / $1‚039‚800 = $2.577 /Ratio= 2:6:1 Quick Ratios (Cash + Marketable Securities +Accounts Receivable)/ Current Liabilities: $14‚000 + $71‚632 + $878‚000/$1‚039‚800= $0.926/ Ratio= 0:9:1 The company’s liquidity
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2.1 It is important to take a balanced approach to risk management because its children’s natural inclination to take risks when they play‚ those responsible for children have to take a balanced‚ thoughtful approach to managing risk. This is particularly important for play because children today tend to have less freedom than in the past‚ and hence may have fewer opportunities for risk-taking as a normal part of their everyday lives‚ however as early years providers we must ensure that we take all
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Chapter 12 Homework Questions Q1. What are the two main characteristics of intangible assets? The two main characteristics of intangible assets are: (a) they lack physical substance. (b) they are not a financial instrument. Q4. Why does the accounting profession make a distinction between internally created intangibles and purchased intangibles? When intangibles are created internally‚ it is often difficult to determine the validity of any future service potential. To permit
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sub-group each account belongs Arrange the accounts in proper order and functionality Prepare a Comprehensive Balance Sheet in good form Prepare a Single-step Income Statement in good form Put the course project in the dropbox for the project in week 8 Grading Rubrics Category Points % Description Making proper selection of accounts relative to the balance sheet or the income statement 20 20 From the provided listing of accounts determine which accounts are Balance Sheet accounts and
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ACCT553 Week 3 Homework - Solutions _________________________________________________________ Chapter 7 1. In your "own" words‚ please describe what a "Suspended Loss" is‚ how it is generated and when it is becomes deductible. (5 pts) Suspended losses are created when losses from passive activities exceed income from passive activities in a tax year. Those excess losses are "suspended" (i.e. disallowed and carried forward to a future date). Those losses can be deducted against future income
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