CHAPTER 7 Cash and Receivables ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. 2. Accounting for cash. Accounting for accounts receivable‚ bad debts‚ other allowances. Accounting for notes receivable. Assignment and factoring of accounts receivable. Analysis of receivables. Petty cash and bank reconciliations. Questions 1‚ 2‚ 3‚ 4‚ 21 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15 14‚ 15 16‚ 17‚ 18‚ 19 20 22 Brief Exercises 1 2‚ 3‚ 4‚ 5 Concepts Exercises 1‚ 2 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12 18‚ 19
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Chapter 7 1. According to Karl Marx social class depends on a factor of a person’s relationship to the means of production. He distinguished two classes: owner of the means of production (bourgeoisie) and a worker who works on these factories‚ tools and land‚ proletariat. Marx believed that person’s life is shaped only with regard of what he owns and what he works on. Max Weber believed that social class is made up of three elements: property‚ power and prestige. According to Weber‚ property is
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By the end of the French and Indian War Great Britain’s national debt had grown exponentially. As a result‚ Parliament began to press the issue of mercantilism (taxation) in order to compensate for the budget deficit. According to America: A Narrative History Brief Ninth Edition‚ the average Briton paid twenty-six times the median yearly taxes paid by Americans‚ so Parliament reasoned that they should share the greater portion of the cost of the British troops providing their defense. Many Americans
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CHAPTER 7 CORPORATIONS: REORGANIZATIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 IRS Letter Ruling Unchanged 1 2 LO 1 Reorganizations follow tax law Unchanged 2 3 LO 1 Types of reorganizations Unchanged 3 4 LO 2 Comparing like-kind exchange to corporate New reorganization 5 LO 2 Four-column template Unchanged 5 6 LO 1‚ 2‚ 3 Reorganization: tax attributes Unchanged 6 7
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Drucker: Chapter 7 – The Objectives of a Business The emphasis on profit can misdirect a manager and endanger business survival by: Undermining the future Push the easily sold line to the detriment of others Short-change research‚ promotion and other postponable investments Delay capital spend as it could effect the bottom line leading to obsolescence of equipment Management is the balance of a number of business needs and goals this requires judgement. Objectives are needed in every area where
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Road to Independence “War is when the government tells you who the bad guy is. Revolution is when you decide for yourself.”(Unknown) In the case of the American Revolution‚ the colonists decided for themselves and truly believed in the cause. The Colonists knew that “change” had to take place because of the unfair treatment they experienced. The American Revolution was a time where Colonists fought for what they believed in‚ independence‚ and when they broke away from England. Boycotts‚ holding
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The colonial empire grew prior to 1740 due to Mercantilism‚ these colonies economic policies were guided by this one theory. The chief objective of the nations economic poloicies was to serve the state. Mercantilism was developed to facilitate the consoloidation of the new European nation-states. This recquired great amounts of money to support their growing military. Mercantilists considered the economy and politics as zero-sum games; one side’s gain was another’s loss. This essay will reveal to
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CHAPTER 1 OUTLINE “The first job we have is to turn out quality merchandise that consumers will buy and keep on buying. If we produce it efficiently and economically‚ we will earn a profit‚ in which you will share.” - William Cooper Procter Quality assurance ...is any action directed toward providing customers with goods and services of appropriate quality. HISTORY OF QUALITY * Egyptian * Zhou Dynasty * Age of craftmanship * Early 20th Century: (1900s) * Quality
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Chapter IX. The French Revolution pp. 361-415 France “replaced the ‘Old Regime’ with ‘modern society‚’ and at its extreme phase it became very radical‚ so much so that all later revolutionary movements have looked back to it as a predecessor to themselves.” The French Revolution occurred in the most advanced country of the day‚ the center of the Enlightenment. It was the most powerful‚ wealthy nation in Europe. It had the largest population (24 m) under one government. Paris was smaller than
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This is also an example of mercantilism. These trades were between the st Salvador‚French and British territory. These trades with Salvor still were happening still but the British were just so out of it.There was nothing to be said to them.The NA wasa act put on the new Americans. These people were one of the main keys of making a new country. There was a lane made on sea for shipments and all of this security was leaded by the British Navy. This system held back many people still trying
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