Individual Assignment 30% (40 marks) Question Spears Limited is engaged in manufacturing of special component (KWQ 12) be used in for calculators. As a step towards reducing uncertainty over the finance needs of the new business‚ the finance manager has asked you to prepare a cash budget for Spears Ltd for the nine (9) months period from 1 January 2014 till 30 September 2014. You have collected some raw data from the concerned department heads and tabulated them as follows: a)
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5 PROBLEM 28. Y‚ an S corporation formed at the beginning of the year‚ has the following information in its first year: Gross Income from services $100‚000 Net short-term capital loss (2‚200) Salary paid to F (10‚000) Medical insurance premium for F (300) Other operating expenses (54‚000) Cash distributions to F 5‚000 F‚ a 50 percent owner of Y‚ is single and has no other tax information. F’s A.G.I. is a. $21‚900 b. $26‚750 c. $26‚900 d. $35‚700 e. Some other amount‚ which is $_________
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comprehensive analysis of financial accounting topics involved in preparing financial statements and in external reporting. Students may receive credit for only one of the following courses: ACCT 310 or BMGT 310. Course Goals/Objectives This course should help you develop the ability to apply GAAP to a variety of complex accounting and financial reporting situations. The specific goals of this course are to: • provide a more extensive understanding of financial accounting principles and procedures
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INDIVIDUAL DEVELOPMENT PLANNING Introduction As rapid change continues to affect GSFC and its workforce‚ employees and their supervisors are coming to grips with issues involving career planning and human resources utilization. Some individuals are being asked (or encouraged) to acquire new skills and “refocus” their careers. Supervisors and managers are being asked to fully utilize their existing employees‚ which requires more coaching and mentoring on their part. This Guide is designed to help
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CAREER CHOICE FACTORS OF HIGH SCHOOL STUDENTS This Term Paper is a partial fulfillment of the requirement in English IV under the supervision of Mrs. Cynthia S. Tamayo Presented by: Jacquilyn V. Borre ACKNOWLEDGEMENTS This term paper is made possible through the help and support from everyone‚ including: parents‚ teachers‚ family‚ friends and in essence‚ all sentient brings. Especially Jovilyn‚ my sister‚ never doubted me; she gave me the support
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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“Which of my photographs is my favorite? The one I’m going to take tomorrow. (Cunningham). This photographer explains the passion he has for his photos.. Photography is to write with light. A photographer captures pictures special moments. The career of photography is challenging and always changing. There are many job responsibilities for a photographer. Like artistic ability‚ business skills‚ computer skills‚ customer service skills‚ detail-oriented‚ and interpersonal skills ( Mostly
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Abstract The aim of this short paper is targeted at broadening general understanding of the impact of accounting for goodwill in the Non-for-Profit environment based on its financial practicability and how a focus on the fair value of goodwill goes to the heart of the value of an Organization. Various amendments and new accounting rules; Enron and WorldCom misfortunes; Ponzi Schemes and other white collar financial frauds have brought about stricter governance and financial statement reporting responsibilities
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Why would users rely on financial statements? What is an example of a financial measure that an external user might use? What is an example of a financial measure that an internal user might use? Users rely on financial statements to gauge the strength and outlook of companies. Others understand that. One would want that company to make money for them when they invest. If companies didn’t make money for you there would be no reason to buy stocks and no reason the price of a stock would ever
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Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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