new product line prepare forecasted income statements and balance sheets at year-end 2010‚ 2011‚ and 2012. Based on these forecasts‚ estimate Flash’s required external financing. Assume any external financing takes the form of additional notes payable from its commercial bank. Can Flash fund the continued growth and meet the borrowing requirements established by the bank? If not what are some potential alternatives? 2. Evaluate whether Flash Memory should invest in the new product line discussed
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procedures to avoid problems related to cutoff issues. 10. The accounts payable department keeps copies of purchase orders and receiving reports‚ that will be compared to the related invoice‚ to be sure that the invoices represent goods that were ordered and received. 11. The accounting department is responsible for implementing internal controls over each business process. 12. Independent reconciliation of the accounts payable subsidiary ledger to the general ledger control account will help to
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Chemical Company. My task in this case is to look into Eliot Manufacturing and to see if we should continue or terminate our relationship with them. If we were to continue‚ the choices would be to either have them in a program to reduce their accounts payable or to tolerate gradual increases in credit. After doing an analysis on Mr. Pound and the Eliot Manufacturing Company‚ I would recommend that Joyce Chemical Company should terminate their relationship with Eliot Manufacturing‚ which would imply
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for cash (increase land and decrease cash). b) Paid amount due a creditor (decrease cash‚ decrease accounts payable). c) 1. Owner withdrew cash (decrease cash‚ decrease owner’s capital). 2. Paid rent (decrease cash‚ decrease owner’s capital). 3. Reflected supplies expense (decrease supplies on hand‚ decrease owner’s capital). d) Borrowed money from a bank (increase cash‚ increase notes payable). Q2 a) b) c) d) e) f) g) No effect Decrease Decrease No effect Increase Increase Increase Q3 Use accounting
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The human-creature bond is truly great relationship amongst individuals and creatures on the grounds that is helps the human upset with numerous issues they have in their lives. The veterinarian’s part in the human-creature bond is to boost the possibilities of this relationship amongst individuals and creatures. The human-creature bond is a commonly gainful and dynamic relationship amongst individuals and creatures that is affected by practices considered vital to the wellbeing and prosperity of
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The October 31 balance in Accounts Receivable was $100‚500. Determine the amount of sales on account that occurred in October. c. Nasser Co. had $147‚000 of accounts payable on September 30 and $136‚500 on October 31. Total purchases on account during October were $270‚000. Determine how much cash was paid on accounts payable during October. 2-4 Prepare general journal entries for the following transactions of a new business called Pose for Pics. Aug. 1 Hashim Paris‚ the owner‚ invested
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| |Ref. | |Debit | |Credit | |Apr. 4 | |Merchandise Inventory | |120 | | 840 | | | | | |Accounts Payable | |201 | | | | 840 | | | | | | | | | |
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came from whether equity capital or borrowed money. To economist- capital would be all productive assets used in the business excluding non-productive assets Capitalization- refers to the sum of the face or par value of all outstanding stocks and bonds issued by the corporation. In case of no par value stocks the value carried in the balance sheet will be used. This can be computed by adding to the capital stock all bonded indebtedness issued by the corporation. Un-issued capital stock – this is
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SHORT-TERM FINANCING & SMEs Seminar Paper Presented to MPSTME‚ NMIMS In Partial Fulfillment of the Requirement for the Degree (MBA-Tech) By Sameer Tayal 2012 Page | 1 Acknowledgement I am grateful to Mr. R. C. Agarwal the mentor of the Seminar Paper for giving me the opportunity to write a Seminar Paper on the topic “Short-Term Financing & SMEs”. I thank him for his suggestions & guidance throughout the Seminar paper with full attention and dedication. Page | 2 Abstract
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Involves in supervising the work of the accounts clerks who run the transaction accounting system on the general ledger‚ She has number of staff reporting to her including the costing technician‚ payroll clerk‚ accounts payable‚ accounts receivable clerk ‚credit controller‚ general ledger clerk and accounting system technician. She personally management accounts‚ bottom up annual production and co-odination‚ authorizes payment of invoices‚ make NIC and PAYE‚ managing day
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