Practical Accounting 1 Cash and Receivables -1. Assume the following facts for Kurt Company: the month-end bank statement shows a balance of P40‚000: outstanding checks totaled P2‚000; a deposit of P8‚000 is in transit at month-end; and a check for Pf400 was erroneously charged against the account by the bank. What is the correct cash balance at the end of the month? a. P33‚600 c. P45‚600 b. P34‚400 d. P46‚400 2. The August 31 bank statement of K‚ Inc. showed a balance of P113‚000. Deduction in
Premium Accounts receivable
CHECKPOINT: SIGNALS Explain the differences between data‚ voice‚ and video signals in 200 to 300 words. Include a description comparing the differences between a private branch exchange (PBX) and Voice over Internet protocol (VoIP). The three types of signals data‚ voice‚ and video. Besides the obvious differences between these three signals there is more to them. The first signal I will describe is the video signal. Like the name suggest a video signal transmits videos from one point
Premium Internet Telephone Telephone exchange
Capstone CheckPoint PSY/265 Friday‚ August 24‚ 2012 Axia College I will be discussing the media’s portrayal of sexuality in various ways which are as follows; I the positive and negative effects that the media involvement has played in adolescent’s lives as well as how all this has affected my own personal life also. The effects of media portrayal of sexuality on adolescent’s sexual lives are enormous because‚ media in our society today portrays acts of sexuality as routine
Premium Sexual intercourse Human sexual behavior Human sexuality
Section B Cash Budget Table of contents Introduction 2 Cash Management 2 Cash 2 Budget 3 Cash budget 3 Identify Cash Management 4 Construction sector 5 Conclusion 9 Reference 10 Introduction Cash management in this economic environment is crucial. Cash is the life-blood of any business. As the saying goes‚ “Cash is king”. With so many banks tightening credit standards due to what’s happening in the credit markets or within their own lending portfolios‚ it is crucial
Premium Corporate finance Money Budget
Introduction Cash management in this economic environment is crucial. Cash is the life-blood of any business. As the saying goes‚ “Cash is king”. With so many banks tightening credit standards due to what’s happening in the credit markets or within their own lending portfolios‚ it is crucial that businesses fully understand their cash needs in advance and make adjustments to their operations to ensure that cash is available. Otherwise‚ companies may find themselves in a liquidity crisis –unable
Premium Cost Small business Business
Introduction of cash budgeting Cash budget is a inputs and outputs of a business or a individual over a long period of time (e-conomic‚ 2013). A cash budgeting is relate to a organisation’s plan to plan ahead and to plan ahead of the future in a company. It usually expressed it as numbers of cash budgeting. The main objective of preparing cash budget is to ensure that the cash is sufficient for the purpose of capital or revenues expenditure. It is also to have cash in advanced in the case of shortage
Premium Budget Management Budgets
Cash Flows Aleshia Wisch ACC206: Principles of Accounting II Prof. Eric Sumners August 11‚ 2014 ACC 206 Week Assignment 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions‚ such as the exchange of common stock for a building for example‚ included on a statement of cash flows? How are these noncash transactions disclosed? It is important for a company to show what assets they have on hand that can convert to cash. Non cash transactions are disclosed
Premium Generally Accepted Accounting Principles Cash flow statement Expense
Checkpoint: Money Unit of account: This function of money means that money is used as the common foundation to determinate the prices of goods traded throughout the economy. Unit of account‚ or measure of value‚ means money is functioning as the measuring units for prices. In other words‚ prices of goods are claimed in terms of a common monetary unit. Unit of account lends meaning to losses and profitability. Currencies are usually used as a unit of account but objects can also be used‚ such
Premium Money Currency
CheckPoint: Forecasting Exercise 9.1 The following data represent total personnel expenses for the Palmdale Human Service Agency for past four fiscal years: 20X1 $5‚250‚000 20X2 $5‚500‚000 20X3 $6‚000‚000 20X4 $6‚750‚000 For moving averages and weighted moving averages‚ use only the data for the past three fiscal years. For weighted moving averages‚ assign a value of 1 to the data for 20X2‚ a value of 2 to the data for 20X3‚ and a value of 3 to the data for 20X4. Forecast personnel
Premium Moving average Time series analysis Data analysis
Cash Flow University of Phoenix Cash Flow “The statement of cash flows reports the cash receipts‚ cash payments‚ and net change in cash resulting from operating‚ investing‚ and financing activities during a period” (Weygandt‚ Kimmel‚ & Kieso‚ 2010‚ p. 614). Companies are required to prepare a statement of cash flow because it contains important information about the company that deems useful for external sources‚ such as investors‚ to make educated decisions about a company. The
Premium Cash flow statement Finance Stock