ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked
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The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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KP Research and innovation center such as the university of California (now Department of Friut studies) at Davis for fighting diseases and introducing new technologies. State run universities‚ like U.C Berkeley‚ UC Riverside‚ Fresno State Distributors like (SWS) because of its consolidation Supermarkets like Walmart because of its consolidation KA 1. 2. VP Grape growing winemaking luxury‚ ultra premium‚ super premium‚ popular premium
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California has been the largest producer of garlic in the United States since it was introduced in the early 1700s. Garlic is thought to be originated in central Asia‚ functioning as a medical alleviation. Although it is still used in medicine‚ its main purpose nowadays is in flavoring food. As garlic is shifting to a principal ingredient in many American restaurants‚ production is rapidly increasing however‚ acreage is dropping. In fact‚ in 1999 there were about 40‚000 acres in the valley whereas
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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Learning approach for first year students in university The essay examines the comparison of surface approach and deep approach used in university students. As a fact‚ many first year students‚ regardless of majors‚ adopt surface approaches to learning. However‚ universities encourage students to accept a deep approach to learn rather than surface approach. Therefore‚ many first year students face a challenge to use which approach to achieve high academic grades. The essay presents the two opposite
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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Preparatory Questions for California Pizza Kitchen 1. In what ways can Susan Collins facilitate the cusses of CPK? 2. Using the scenarios in case Exhibit 9‚ what roles does leverage play in affecting the return on equity (ROE) for CPK? What about the cost of capital? a. Leverage increases Beta for the firm since debt to equity ratio increases from unlevered beta. We use 10 year Treasury bond as our risk free rate and for market risk premium we use current prime lending rate for June 2007
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Biological and Humanistic Approaches to Personality Abraham Maslow and Carl Rogers agreed with the Maslow’s hierarchy of needs‚ biological and humanistic approach. “The hierarchy of needs theory remains valid today for understanding human motivation‚ management training‚ and personal development” (Orana‚ 2009). Maslow’s book Personality and Motivation were published in 1954 introducing his theory of the hierarchy of needs. Abraham Maslow Abraham Maslow (1908-1970) the hierarchy of needs was introduced
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