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Accounts Receivable $150‚000 $150‚000 (To record merchandise returned) 3 Cash Accounts Receivable $3‚100‚000 $3‚100‚000 (To record collection of accounts receivable) 4 Bad Debt Expense Allowance for Doubtful Accounts $92‚000 $92‚000 (To record uncollectible accounts) 5 Accounts Receivable Allowance to Doubtful Accounts Cash Accounts Receivable $28‚000 $28
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Part A 1) a)Although a client/company is engaged to perform audits for the 2nd year‚ it does not allow sufficient time for auditor to detect material misstatement. This is due to lack of experience in understanding of the company? Repeat engagement over the years to come would reduce inherent risk Thus‚ the 2nd year of audit would increase inherent risk. b)The bank requires that a/ the company’s interest coverage ratio should be above 9‚ in order to provide loans to the client. From the extract
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“I Want to Conquer the World” by Bad Religion – 1989 Bad Religion is a Los Angeles based band of the punk rock genre that was formed in 1979. The punk rock genre began its emergence in the mid 70’s and is the basis of many genres since its birth. The main topics of punk rock music usually come from political ideas and violence; yet it is not limited to these two topics by any means. The song “I Want to Conquer the World” comes from the Bad Religion album called No Control‚ it was written and
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Case Study Dr. Pratik P. Surana Madhusudan‚ CEO of a small organization having only six employees out of which three are females in internet marketing and web solutions business in Pune could not have sound sleep last night. One email sent by Neeta‚ his one female employee at about 7.45PM when he was about leave the office shocked his conscience. At that time he was alone in the office. All employees had already left the office at 6.00 PM. Neeta left the office at about 11.30 AM on that day for various
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Notes On "Camp" by Susan Sontag Published in 1964. Many things in the world have not been named; and many things‚ even if they have been named‚ have never been described. One of these is the sensibility -- unmistakably modern‚ a variant of sophistication but hardly identical with it -- that goes by the cult name of "Camp." A sensibility (as distinct from an idea) is one of the hardest things to talk about; but there are special reasons why Camp‚ in particular‚ has never been discussed. It is
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a critical time in finding out the ways to communicate the bad and good news to its salaried employees. An erroneous selection of time and communication channel selection may demoralize the workforce completely resulting in a disaster for the company. The good news is that the company management has decided to increase the salary and benefits of almost all the salaried employees regardless of their grades while on the other hand the bad news (because of the long time slump in the steel industry)
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mother’s figure in the sea of people but it was futile. At that moment‚ I felt like an abandoned adolescent as I battled the feeling of helplessness. I am terrified. Extremely terrified. I forcefully shut my eyes and open them again‚ hoping all is just a bad dream‚ but it was not. Wild thoughts ran through my mind as I could literately hear the loud thumping of my heart. What will happen to me? Will I meet my doom today? I prayed to god‚ hoping for a miracle. Just then‚ I felt a
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Case #3 Barnes plans to use the preceding ratios as the starting point for discussions with SKI ’s operating executives. He wants everyone to think about the pros and cons of changing each type of current asset and how changes would inter-act to affect profits and EVA. Base on the data‚ does SKI seem to be following a relaxed‚ moderate‚ or restricted working capital policy? A company with a relaxed working capital policy would carry relatively large amounts of current assets in relation to
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The AMC TV series Breaking Bad is one of the must intriguing films in the world. Having been rated as one of the most interesting TV series in the post year. It is the story of a teacher who tries to make and sell crystal meth to support his family in the event of his demise‚ after he is diagnosed with lung cancer. However‚ everything gets out of hand and he ends up being one of the biggest drug dealers and heads in the state‚ However‚ there is a continuous interaction of family and the low ‚ and
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