used to reduce the firm’s notes payable. Project Dunham’s income and balance sheet for 1996 assuming the bank grants Dunham a $675K note payable at 12 percent and no existing interest-bearing debt is retired. Dividends will be 50 percent of net income. Cash will be the balancing item. Calculate the firm’s 1996 minimum cash balance by assuming that the average cash balance between 1993 to 1995 is the required 1996 cash balance. Use any extra cash at the end of 1996 to retire notes payable and redo
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stated that when a Trial Balance balances‚ it means the accounts are free of errors. I disagree with the statement. There may still be errors even if the trial balance is balances. There are six types of errors. The first type of error is the “error of omission” and the word omission mean left out. Its mean that a transaction is not recorded in the books of original entry‚ which mean both the debit and credit effects of the transaction are not shown in the Trial Balance. For example‚ a transaction
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1. Explain how the Voice of the Employee supports improved internal processes (Voice of the Business)‚ and how the Voice of the Business supports customer satisfaction (Voice of the Customer). The Voice of the Employee supports improved internal processes because the Voice of the Employee focused on providing a safe and secure workplace in response to instances of violence and poor employee relations. Employees were given an opportunity to voice their opinions and make suggestions to create a
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with certain things‚ materialistic mindsets‚ Betty Crocker cake mixes‚ white privilege‚ ivory hand mirrors‚ and American ignorance‚ to name a few. The things that they left with were significantly different. They took away experience‚ enlightenment‚ balance‚ guilt‚ and shame from Africa‚ and‚ most importantly‚ they lost Ruth May. The Congo molded the Price women‚ it shaped their souls. Orleanna‚ Rachel‚ Leah‚ Adah‚ and Ruth May were all affected by their time in the Congo‚ and they vary greatly in their
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Balance & Stability Centre of Gravity Centre of gravity for an athlete is dependent on different substances‚ such as muscle‚ bone fat‚ and equipment possible worn by the athlete. These all have different densities and make the centre of gravity different for many athletes. Athletes can change and move their centre of gravity from one position to another and with training allows them to position their centre of gravity in ways in which gets the optimal performance out of them. For example
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INTRODUCTION Enrolment serves as a vital part in the life of every student upon entering schools‚ either public or private. It gives students the impression on how the whole institute manages and manipulates the entire body. Moreover‚ enrolment serves as the first experience of all students by which he/she takes part in the school’s activities. The billing system is one of the major parts of an enrolment system. A billing system is a system designed to handle time and billing tracking as
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1. CAS 540 listed the following requirements related to auditing accounting estimates: When performing risk assessment procedures and related activities to obtain an understanding of the client and its environment‚ the auditor shall obtain an understanding of the following: The requirements of the applicable financial reporting framework relevant to accounting estimates‚ including related disclosures How management identifies those transactions‚ events and conditions that may give rise to the need
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1. Review the principles of competitive advantage in Figure 3-12. Which types of competitive advantage has BOSU used to defeat copycat products? Bosu has successfully used the principles of product enhancement‚ customer lock-in‚ raising entry barriers‚ and alliances to defeat copycat products 2. What role did information systems play in your answer to question 1? Information systems were very important. The database of trainer data was used extensively to help create and maintain the
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Question: Write a note on the importance of 7Cs in Business Communication. Effective communication is an important part of business success. The message is said to be effective when the receiver understands the same meaning that the sender was intended to convey. For any communication in business‚ in order to be effective‚ it must have seven qualities. These seven attributes are called seven C’s of effective business communication. (All these attribute starts with the alphabet ‘C’ so are called
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existing alongside this world is also another world of noise‚ people and social obligations. The poem is a symphony in balance of finite and infinite worlds. In addition‚ the entire pattern set out in flawless quatrains and iambic tetrameter is hypnotic‚ pulling the reader along into its drowsy wake. Permeating the overall lyric is the sense of a struggle to regain poise and to balance opposites. In the same way the rhyme‚ imagery‚ and rhythm are interlaced throughout‚ the lyric leads to glimpses of
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