Business Organization HCS 567 Business Organization Starting any business venture has many challenges. One of the most important decisions to be made to help ensure success is choosing the correct business organization. In order to choose the correct type of organization it is important to understand each type of organization along with the pros and cons for each. Sole Proprietorship The most prevalent organizational type is the sole proprietorship. Sole proprietorship is usually found among
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Ethics in Public Administration: Week 2 Assignment Case Study 1 Isabel Carter PADM505 October 19‚ 2014 Kennedy Maranga Dennis the city Manager is working late and he catches his new Budget Director Susan in a compromising situation with the Assistant City Manager. The employee policy prohibits this type of behavior between their employees. According to the City Code of Ethics this type of behavior is unacceptable and calls for dismissal. Ethics is not the act of controlling co-workers behavior
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LAW 200 Assignment Sept‚ 8th 2013 Prepared By Zeeshan Rahman ID # 093 0194 530 Prepared For Shaheen Ahmed (SHD) Section 10 Introduction Company Defined According to Lord Justice Lindley‚ “By a company is meant association of many person who contribute money or money’s worth to a common stock and employ it for a common purpose. The common stock so contributed is denoted in money and is the capital of the company. The persons who contribute it or to whom it belongs are members. The
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Executive summary: Whale fishing‚ also known as whaling‚ is a traditional fishing activity which existing thousands of years in the world. Fisherman fishing whales‚ sell of whale meat and oil to make money. With the development of modern fishing technology‚ industrial fishing gradually replaces a large number of private fishing activities‚ which made whaling easier and more efficient. Greenpeace International’s data showed “Commercial whaling during the last century decimated most of the world’s
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Explain why. * 2. How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors? INDIVIDUAL QUESTIONS/PROBLEMS DUE SUNDAY - POST THESE TO THE MAIN CLASSROOM FORUM [please don’t start answering these DQs until Friday‚ thanks] 1. What are debits and credits? How are debits and credits used to record business transactions? 2. Why do accountants
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discount E. FOB shipping point H. Purchase discount B. Credit period F. Gross profit I. Cash discount C. Discount period G. Merchandise inventory J. Trade discount D. FOB destination 1. Goods a company owns and expects to sell to its customers. G 2. Time period that can pass before a customer’s payment is due. B 3. Seller’s description of a cash discount granted to buyers in return for early payment. A 4. Reduction below list or catalog price that is negotiated in setting the price of goods
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of rental = Net present value Net present value = $650‚000 - $54‚901.98 =$595‚098.02 When comparing these three options‚ we should choose option 3 which is building C. Building C has the lowest present value which means that the lowest costs. E 7-2 (Determining Cash Balance) 1. Only checking account balance of $925‚000 should be reported as cash. Certificate of deposit $1‚400‚000 is a temporary investment‚ short – term paper (penalties to early conversion to cash). Cash advance to subsidiary of
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The Operating Budget for the (Selected Agency) in which you separate the content into sections: 1. Provide background information about the agency‚ mission‚ goals‚ objectives‚ departments‚ and strategic plan. (Title this section Introduction.) 2. Describe the budget of the agency by addressing the following items: (Title this section Budget Overview.) a. Financial Summary‚ including Revenue and Expenditures b. Department Budgets c. Funding d. Capital Projects e. Debt Administration 3
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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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Ex 9-2 1 D 2 A 3 C 4 D 5 D 6 B 7 B 8 D 9 C 10 A Ex 13-1 1 B 2 D 3 C 4 A 5 C 6 D 7 D 8 B 9 A 10 A 9-10. MODIFIED ACCRUAL/ ADJUSTMENT ACCOUNT AFFECTED ACCRUAL ACCOUNT Debit Credit 1. DEPRECIATION EXPENSE Accrual 674300 BUILDINGS & EQUIPMENT Accural 674300 2. SALARY EXPENSE Accural 39123 SALARIES PAYABLE Accural 39123 3. BUILDINGS & EQUIPMENT Accural 29049 EXPENDITURES Modified 29049 4. BONDS PAYABLE Accural 50000
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