WHY PROFIT DOES NOT EQUAL CASH Why is profit not equal to cash coming in? Some differences such as loans received which do not impact the profit and loss statement are pretty obvious. Others may not be as obvious but you can break them down into three main areas: - Revenue is booked at sale. In many cases a sale is recorded for accounting purposes in the profit and loss statement when a company delivers a product or service. In many cases‚ no cash has been exchanged at the time of
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expression to convince people. Politicians‚ specifically‚ control the power of the language they speak in order to control the public. Without this power of language‚ they will have little power over the public. To unite the people and steer them towards a specific goal‚ politicians turn to language to persuade the public. Politicians use the power of language to manipulate the public to unite the people together for a common cause‚ good or bad. The influence politicians have over the public is enhanced
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The accruals and going concern concepts are regarded as fundamental in the preparation of financial statements. Discuss the advantages and disadvantages of these concepts‚ explaining the reasons why these concepts may be difficult to apply or may be inconsistent with other concepts. Accounting statement and records are a periodic summary of account activity within a period and the documentations involved in the preparation of it (Thomas and Ward‚ 2012: 4). They are done based on a set of rules developed
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What factors would you use to decide whether to do you NPV analysis on real or a nominal basis NPV analyses usually involves four steps such as forecasting the benefits and costs of a project in each year‚ determining a discount rate‚ using the NPV formula to calculate‚ and comparing the Net Present Value with other alternative projects. Comparing real (current) and nominal discount rates when conducting an analysis is all based on how detailed of an analysis you’re looking to obtain. Forecasting
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The Politician‚ p.662). This quote from FDR shows he knows what he was getting into. When he became present in 1993 it was at the lowest moment in the depression. FDR came up with a plan‚ The New Deal. This was to help the average American not be poor anymore. The New Deal was going to change and reshape the economy. FDR gave people hope. Not only was he their president but he became their friend. His “fireside chats” helped people get through the hard times. People loved the way he would talk
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have their say in what occurs in this country. Through the power of the vote‚ Americans can decide who they want to represent them in every level of the government. Getting elected‚ however‚ is not as easy as it sounds. It would reasonable to assume that a candidate would be elected to their position if they are more qualified than their opponents. This however is becoming less and less true. Nowadays‚ instead of always voting for the person who is the best at handling their prospective job‚
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Running head: A COMPARISON OF CHRISTIAN AND SECULAR COUNSELING A Comparison of Christian and Secular Counseling with a Bible Word Study Basis � Abstract In order to arrive at a clearer view of Christian counseling‚ this paper examines the similarities and differences between secular and Christian counseling. It begins with a biblical word study to establish a basis for Christian counseling. The words counsel‚ comfort‚ and wisdom are examined in both the Old and New Testament. The Biblical view of
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90-day Treasury bill is quoted as 10.00. What continuously compounded return (on an actual/365 basis) does an investor earn on the Treasury bill for the 90-day period? The cash price of the Treasury bill is The annualized continuously compounded return is Problem 6.9. It is May 5‚ 2010. The quoted price of a government bond with a 12% coupon that matures on July 27‚ 2014‚ is 110-17. What is the cash price? The number of days between January 27‚ 2010 and May 5‚ 2010 is 98. The number of days
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financial-management systems‚ such as unclear accountability‚ poorly maintained assets and hided losses and long-term liabilities‚ reforms in the public sector have been conducted over the last several decades across the word from New Zealand‚ Australia to England (Ball and et al‚ 1999). Accounting innovation by implementing accrual accounting in the public sector is one of the major part of the reforms and an important element of the wider concept of the so called New Public Management‚ and draws much
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A Politician qualities are his characters that is natural‚ while some of the qualities are as a result of external influences. Promising politicians qualities are often backed by skills‚ experiences‚ intelligence‚ integrity‚ with instincts -all combined together to achieve their goals. First and foremost‚ the best quality of a politician is honesty‚ God fearing and loving. A faithful and effective politician is trustworthy and reliable. He must capture the essence of truth‚ display sincerity‚ candor
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