as of December 31: Cash $ 6‚700 Accounts receivable $ 40‚200 Inventory $ 10‚640 Buildings and equipment‚ net $ 113‚230 Accounts payable $ 36‚120 Common shares $ 104‚000 Retained earnings 30‚650 a. The gross margin is 30% of sales. b. Actual and budgeted sales data are as follows: December (actual) $ 67‚000 January $ 76‚000 February $ 87‚000 March $ 92‚000 April $ 62‚000 c. Sales are 40% for cash and 60% on credit. Credit sales
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Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional Budget Accounting …………………………………………pg 5 1. Overall and Unit Budgets…………………….…………………….. pg 5 2. Characteristics of the Chinese Budget Accounting
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Paper Ashlee Aviguetero‚ Bobbi Duck‚ Tracy Finch‚ and Julie Stoltz University of Phoenix ACC340 Jeffrey Prinster March 23‚ 2009 Accounting Cycle Description Paper An organization’s accounting information system includes collecting information then dividing the information into cycles. This paper will identify the five accounting cycles and specifically how Riordan Manufacturing uses the expenditure cycle. The strengths and weaknesses of the internal controls related to the expenditure cycle
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Studie: Bedrijfseconomie Budgets Is the use of budgets out of date? S.A.D. Sardjoe 298142ss July 12‚ 2009 Table of contents Chapter 1 Introduction 2 1.1 Purpose 2 1.2 Method 2 1.3 Scope 2 1.4 Outline 3 Chapter 2 Budgets 4 2.1 Definition of budgets 4 2.2 The use of budgets 5 2.3 The process of budgeting 5 2.4 The advantages of budgets 6 2.5 The disadvantages of budgets 7 2.6 Conclusion
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that they conquer and how they change it to their ways. Many of these conquerors reigned across different times‚ but two of the more famous one that rose up fairly close together are Cyrus the Great and Alexander the Great. These men came at two different times‚ but they are remembered for similar reasons. From Cyrus the Great expanding an empire to Alexander the Great spreading a culture both accomplished many daring and courageous acts. Even though they both were great‚ Alexander left a lasting
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products twice a period. In order to create a solution for Steelworks inventory problem it is necessary to make the following assumptions. First‚ we assumed a 92% service level taking into account the large percentage of canceled orders (up to 30%)‚ and allows for high customer retention. To estimate lead time we looked to the average lot size‚ and then compared it to average demand‚ which gave us a lead time 0.25/Month (1 week). Finally‚ we calculated R based on the monthly production cycle associated
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ADMINISTERING THE BUDGET A budget is a written financial plan for business operations developed for a specific period of time. Budgets are often developed for six months or a year but can cover a longer or shorter time period depending on the type of budget and the nature of the business. Because a budget is an estimate of what might happen‚ it usually cannot be followed exactly. Staying close to the amount budgeted is desirable. However‚ for various reasons beyond the control of managers‚ actual
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Background of the Study For having sufficient amount of capital‚ cash is the most important source of every aspect of investment. To improve the performance of the business as well as to introduce new business opportunity in the organization cash is very important. Since cash is the most powerful working capital component‚ the collection and payment of cash must be studied carefully. Therefore‚ this project tries to show how cash is controlled and managed by taking United Bank S.Co. as a representative
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You may have learned about the March on Washington in school‚ or you may have overheard your parents talking about it. "What is it exactly‚ and how did it make a difference in the world?" you may be thinking. Well‚ I know and am excited to teach you. The March on Washington occurred on August 28‚ 1963 and is remembered as a great day for African American rights in the United States. "The idea of a major demonstration in Washington‚ in the nation’s capital‚ that brought together all of the major civil
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Abstract Cash management is one of the most important function in any organization. The main aim of any organization is to increase profits as well as maximize the wealth of the shareholders. The resultant cash should thus be managed in the best way possible. The following research paper will explore the various cash management theories that are employed in the Kenyan multinational companies whether and whether they have been effective or not. In addition the research paper will also provide informed
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