ACCT1A Sample Exam 3 Name: __________________________ Date: _____________ 1. The maturity date of a note receivable: A) Is the day of the credit sale. B) Is the day the note was signed. C) Is the day the note is due to be paid. D) Is the date of the first payment. E) Is the last day of the month. 2. The amount of bad debt expense can be estimated by: A) The percent of sales method. B) The percent of accounts receivable method. C) The aging of accounts receivable method. D) Only b and c. E)
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Balance Sheet and Income Statement Commentary BSA/500 – Business Systems I July 2‚ 2012 Balance Sheet and Income Statement Commentary JB Hunt (Trucking and logistics) On JB Hunt’s balance sheet for 2011 lists current assets of $513‚542‚000 and current liabilities of $438‚515‚000‚ yielding a current ratio of 1.17‚ which indicates the company‚ has $1.17 of current assets for every $1 of current liabilities. The previous year 2010‚ the current ratio was 0.91. This shows a 29% increase in the
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‚ Tim Seitzer 11/1/10 Art Jan Verneer “Woman Holding a Balance” Light is used to draw your attention towards the woman holding the scale. The painting itself is asymmetrically balanced‚ drawing the viewers eye toward the “large” visually weighted bright object on the right distracting them from the darkness in the left. It seems that when one draws an oblique line from the top left corner to the bottom right corner‚ the light and darkness are almost evenly divided even though this draws
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Monica Mahmoudi 02072798 Bandaruk Mon-Wed 12:45 PH Balance in the Human Body As we all know every solution is either acid or alkaline. Alkaline is often called base. These solutions can be anything from body fluids‚ to fruits‚ vegetables‚ seawater‚ beverages you name it. Acid and alkaline is measured in pH. It starts as low as zero being very acidic and works its way up to fourteen being the most basic. The pH of our stomach is 2‚ obviously to digest food‚ wine is 3.5‚water is 7(neutral)‚ arterial
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Lavinia Puanaki 3/26/2012 Introduction – The topic I wish to discuss is Work life balance – concept and practice in NZ. According to the State Services website http://www.ssc.govt.nz/node/6848‚ “Work-life balance is about the interaction between paid work and other activities‚ including unpaid work in families and in the community‚ leisure and personal development”. It also relates to work-life balance being “for any one person to have the ‘right’ combination of participation in paid work
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(Global Warming)‚ Increasing water level of sea‚ ozone layer problem‚ melting down of south and North Pole‚ increasing level of carbon emission in the air and many such alarming and demanding situations are the outcomes of deteriorated ecological balance. Temperature of Globe is increasing in last one or two decades unlike earlier eras. There are different reasons of such result in increasing Global temperature – called Global Warming and these reasons are- 1. Industrial Development and Pollution
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number included on it. 2. Discuss with the sales manager whether any sales allowances have been granted after the balance sheet date that may apply to the current period. 3. Add the columns on the aged trial balance and compare the total with the general ledger. 4. Observe whether the controller makes an independent comparison of the total in the general ledger with the trial balance of accounts receivable. 5. Compare the date on a sample of shipping documents throughout the year with related
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The Checks and Balances in American Political System Part One: History and Development The core of the checks and balances in American political system is the separation of the three powers. The actual separation of powers amongst different branches of government can be traced to ancient Greece. Aristotle‚ one of the best known thinkers‚ divided the state constitution into deliberation‚ executive management and trial three organs in his book political science. It is the prototype of the theory
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1. Suppose the Federal Reserve instructs the Trading Desk to purchase $1 billion of securities. Show result of this transaction on the balance sheets of the Federal Reserve System and commercial banks. > Change in Federal Reserve’s Balance Sheet Assets Liabilities Securities + $1 billion
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Introduction Nothing in recent years has drawn as much attention as the initiative of Work Life Balance which not just a desirable need by employees‚ but as a strategic way which used by some organizations to attract and retain employees. With the development of society and the rapid race(strong competition) in life‚ most of people are increasingly feel so uncomfortable and stress that they have no time for their family and individual life which lead them have to find some jobs which can meet
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