Many people use credit cards and most of the time the credit card is not used in the right moment.I believe that credit cards are not beneficial because they aren’t used for the right things. It would be very different if they were used correctly‚ credit cards are to be used it case of an emergency‚meaning not to be used when you are going to the 7-eleven to buy a bag of chips an a soda. It has shown that more than 75% percent of americans have been bankrupt or on the verge of it. There are more
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No. 119 payable to Mann Company was recorded in the cash payments journal and cleared the bank for €248. A review of the accounts payable subsidiary ledger shows a €36 credit balance in the account of Mann Company and that the payment to them should have been for €284. (4) The total amount of checks still outstanding at September 30 amounted to €5‚800. (5) Check No. 138 was correctly written and paid by the bank for €429. The cash payment journal reflects an entry for Check No. 138 as a debit to
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complete the entire process. In order to complete your duties as a medical biller efficiently‚ you must follow the medical billing process. Following this process leads to maximum and appropriate payments in a timely fashion. These steps range from the pre registration of the patient to the collection of the payment. In this paper each step will be describe with a brief outline of what each step entails. 1. The first step is the pre registration of the patient. This involves scheduling the appointment
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office for the delay (using the long process the reason of default of payment). Most likely‚ in that given case‚ only a few portion of the cash discount will be exhausted against complaint which‚ I think‚ is an advantage to the creditor (from 4% cash discount to 3% because of delay) since that does not completely exhaust the entirety of cash discount. Moreover‚ debtors often recognize and accept that cause making the full payment still fall on the discount period though was really paid beyond it. So
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on the terms of your card‚ may not even have to pay the whole balance. The disadvantages of a credit card is that it becomes way too easy to use them and run up large balances. Then when it comes time to even pay partial payments it can be very difficult to make those payments. Add to that the finance charges and people with credit cards can run up large debts that they sometimes never recover from. The advantages of a debit card is that you know you have the money in your account to pay for
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not entitled to him are considered an over payment of wages and can be requested to be repaid to the company. First the company should make sure all errors involving the dismissal and finalized to ensure Ken does not receive any more checks. Next the company should check its employee records to find out the exact amount that was over paid to Ken during the four weeks before they caught the error. Then that company can request the paying back for over payment. Since Ken refused to pay back any unearned
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Process cash receipt and cash payment transactions d. Produce a report of all outstanding debtors e. Process general ledger transactions‚ including journal entries f. Carry out bank reconciliations on a weekly basis 2. Payroll Services a. Enter staff timesheets b. Prepare payroll runs as per required frequency c. Monitor employee entitlements d. Reconcile payroll on monthly basis to ensure no discrepancies e. Prepare end of year payroll reconciliation and payment summaries 3. GST/BAS a. Reconcile
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job to enlist in the armed forces‚ but the army did not pay as much as his old job. Former employer topped up his pay on a regular basis to make up the difference. 2 of the 5 judges said the payments were judged to be incidental to the army service. Therefore ordinary income. 1 judge said that the payments were a substitute for salary from the taxpayer’s former employment‚ therefore were ordinary income. The other two judges said there was no connection to an earning activity and concluded that
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A LIFE SITUATION Peter has been HR Manager for 18years and vice president for 2 more years for Zyedego Corporation‚ a small company in New Orleans. ISSUES After hurricane Katrina employees had been working round the clock to get the company up and running The company has been calling former employees to rehire them Gwyn the current manger is planning to rehire Dana Gonzales but she’s pregnant. He is concerned for her safety coz of the rough condition of the workplace. Incase Dana is rehired
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for payment transaction. According to a research in 2008‚ there were around 80% of United State adult own at less one credit card (Foster‚ Meijer‚ Schuh‚ & Zabek‚ 2010). It seems likely that it is indispensable in today’s society. The main reason is that credit card brings lots of convenience in transaction. In this essay‚ I will talk about the reasons why credit card succeeds in three ways: its concept‚ its demand and its benefits. The concept of credit card totally changes the payment method
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