| Company: World Balance International‚ Inc. I. Company Profile A. History In October 14‚ 2008‚ World Balance International was introduced to the market‚ which aims to distribute and market top and excellent quality footwear and apparel worldwide under its brand. B. Company’s Product and Services World balance features a variety of footwear to provide Filipino men and women with more options
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The Great recession of 2008 (Article Review) An economy which grows over a period of time tends to slow down the growth as a part of the normal economic cycle. An economy typically expands for 6-10 years and tends to go into a recession for about six months to 2 years. A recession normally takes place when consumers lose confidence in the growth of the economy and spend less. This leads to a decreased demand for goods and services‚ which in turn leads to a decrease in production‚ lay-offs and
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LinkedIn Corp.‚ 2008 Question #1 Network effect is seen as a phenomenon where a network service (SNS or PNS) becomes more valuable as the number of users increase. This phenomenon encourages continually increasing membership within the network. This can happen when a user adopts a network service initially to connect with current users‚ or later‚ when “everyone” is using the network service. Network effect exists in both social and professional networking (Majon International‚ 2010). Both
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profit the company would have to sale more than 160 cues a week. 1.21 120 units=2400S-25 S=45 Chapter 2 problems 2.17 a) P4inch=451 (4"nails)651+243+41+451+333(total nails) =.2624 There is a 26.24% chance of pulling a 4 inch nail from the bin b) P5inch=333(5"nails)1719total nails =.1937 There is a 19.37% chance of pulling a 5 inch nail from the bin c) P(1" or 2" or 3" nail)=1-P(4"nail)-P(5"nail) =1-.2624-.1937=.5439 There is a 54.39% chance of pulling a nail 3 inches
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Sample Balance Sheet: Example Company Balance Sheet December 31‚ 2011 ASSETS | | | LIABILITIES | Current assets | | | Current liabilities | | | Cash | $ 2‚100 | | | Notes payable | $ 5‚000 | | Petty cash | 100 | | | Accounts payable | 35‚900 | | Temporary investments | 10‚000 | | | Wages payable | 8‚500 | | Accounts receivable - net | 40‚500 | | | Interest payable | 2‚900 | | Inventory | 31‚000 | | | Taxes payable | 6‚100 | | Supplies | 3‚800
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from customers Rs. 3‚00‚000 31.1.2011 Paid interest on loan Rs. 5‚000 31.1.2011 Paid instalment of loan Rs. 25‚000 31.1.2011 Interest allowed by bank Rs. 8‚000 Analysis of transaction –with accounts involved-nature of account-affects and debit/credit Solution: Date Accounts Involved Nature of Account Affects Debit/credit 18.1.2011 Cash a/c Sanjay a/c Real Personal Cash is coming in Sanjay is the giver Debit Credit 19.1.2011 Ramu’s a/c Bank a/c Personal Personal Ramu is the receiver
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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Grading Summary | These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. | Date Taken: | 1/29/2012 | Time Spent: | 26 min ‚ 57 secs | Points Received: | 45 / 60 (75%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 10 | 9 | Essay | 1 | N/A | | | Grade Details | 1. | Question : | (TCO 10) Assad and Juana believe it is important to reinforce
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calculate 2. Valuation of closing stock will be close to the latest price. 2. A new average must be calculated with every purchase 3. Average price is mainly affected by the amount bought at the different prices. 3. The calculated average does not represent any actual price paid for the stocks Fig. 1 Advantages and disadvantages of AVCO method and stock valuation Worked example 1: Information relating to a sole trader’s receipts and issues of stock for the year 2008: 2008 Receipts
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Job Description ----Account Payable---- General Purpose Perform accounting and clerical tasks related to the efficient maintenance and processing of accounts payable transactions. Main Job Tasks and Responsibilities ▪ review invoices and check requests ▪ sort and match invoices and check requests ▪ set invoices up for payment ▪ process check requests ▪ prepare and process accounts payable checks‚ wire transfers and ACH payments ▪ reconciliation of payments
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