the bad debts‚ doubtful debts and the A/Receivables accounts of his business start in 2011. (The accounting period of the business is similar to the normal calendar year) Year | Account Receivables | Bad debts already written off during the year | Allowance for doubtful debts (percentage of outstanding receivables) | 2011 | 395‚000 | 3‚500 | 1.5% | 2012 | 420‚000 | 6‚000 | 1.5% | 2013 | 500‚000 | 1‚000 | 1.5% | i) Journalise the transaction for year 2011‚2012 and 2013 a) Bad Debt
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on 31st December‚ 2000. Summer 2013 Sundry Debtors Rs.160000 9000 1800 Rs. 16500 Rs. 3200 Bad Debts written off Rs Discount allowed to Debtors Rs. Reserve for Bad and doubtful Debts 31-12-1999 Reserve for discount on Debtors 31-12-1999 You are required to provide the bad and doubtful debts at 5% and for discount on debtors at 2%. Show the adjustments for bad debts‚ bad debts
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Hoa 29 2.3.1. Advantage and achievement in business lending activity 29 2.3.2. Current difficulties and reasons 30 CHAPTER III: SOLUTIONS AND PETITIONS ABOUT PROBLEM OF BUSINESS LENDING 35 I. Solutions 35 1. Handling with bad debt problem in 2012 35 2. Handling with problem of increasing the number business depositors and borrowers in capital mobilization 40 3. Handling with problem of advertising for lending activity of the bank 41 4. Handling with some other
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receivable‚ and receivables from employees Accounts Receivable- are amounts due from customers for credit sales when a company does extend credit directly to customers it: 1. Maintains a separate account receivable for each customer 2. accounts for bad debts from credit sales Recognizing Accounts Receivable: AR occurs from credit sales to customers Sales on Credit: credit sales are recorded by increasing(debiting) accounts receivable a company must maintain a separate account for each customer that
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return on assets and return on equity are both increasing. This shows that Dawson has been continuously using its assets and equity more efficiently. Furthermore‚ the decreasing debt ratio and debt-equity ratio imply that the company is relying more on equity (mostly from retained earning) rather than on long-term debts as source of financing. A possible area of concern‚ especially for creditors‚ would be the decreasing current ratio of the company. This shows that Dawson is becoming less liquid
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1. Advento‚ Faye Joanne G.AC 531 10:30-12:00 TTh 2. Alcober‚ Vincent Brian C.July 30‚ 2013 3. Kho‚ Monique Bea S.Finance‚ Accounting‚ and Treasury (FAT) Group 4. Marnoch‚ Philip W. 5. Ngalot‚ Ray Hamodi B. 6. San Pedro‚ Maria Lourdes S. 7. Sarigumba‚ Thomas Zachary P. STEPS 3 and 4 of the 10-Step Operational Audit Program Step 3: Develop Objective Criteria Regarding Operating Efficiency‚ Effectiveness and Economy Effective Best Practices Criteria Performance Measure
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Debt is Good for You (01/25/2001) Franco Modigliani and Merton Miller published their famous theory about the optimal balance on debt and equity of the corporate finance. In the Modigliani –Miller theory they stated that the value of the firm is independent of firm’s capital structure. As the portion of debt goes up‚ the firm will be riskier‚ and the expected return will increase. In an efficient market‚ the business risk does not vary with leverage. But later‚ Modigliani –Miller theory modified
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| Jen Poe | | | | | | | BUS657 Corporate Managerial Finance | | | | | | | | | | | | | Week #5 | | | | | | | Assignment - Chapter 22 Mini - Case | | | | | | | | | | | | | | | | | | | 1) Calculate BB’s current cash conversion cycle. | | | | | | | | | | | | | BB’s Ratios: | | | | | | | Average Age of Inventory | $842‚020 / [(0.57 *$43‚803‚000) /365] | | 12.31 | days | | Average Collection Period | $3‚240‚222/($43
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by bad luck‚ bad strategy or bad execution? Marvel had six principle lines of business i.e. Sports & Entertainment Cards‚ Toys‚ Children’s Activity Stickers‚ Publishing‚ Confectionery & Consumer Products and Licensing of characters. While carrying on operations in these lines of business‚ Marvel ignored the alternative means of entertainment which were trending e.g. video games. Moreover‚ interest of collectors in comic books was reduced which was not addressed by Marvel. So it was the bad strategies
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TABLE OF CONTENT Title page Approval page Dedication Acknowledgement Table of Content CHAPTER ONE 1.0 Introduction 1.1 Background of the Study 1.2 Purpose of the Study 1.3 Scope and Limitation of the Study 1.4 Significance of the Study 1.5 Definition of Terms CHAPTER TWO 2.0 Literature Review 2.1 Development of Credit in Business Management 2.2 Importance of Trade Credit 2.3 Review of the Related Topic 2.4 Legal Consideration for Effectiveness of Credit Control and Management 2.5 Consideration
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