1. Construct a balance sheet for Sophie’s Sofas given the following data. (Be sure to list the assets andliabilities in order of their liquidity.) | Cash balances | = | $ | 8‚000 | Inventory of sofas | = | $ | 180‚000 | Store and property | = | $ | 80‚000 | Accounts receivable | = | $ | 20‚000 | Accounts payable | = | $ | 15‚000 | Long-term debt | = | $ | 150‚000 | | BALANCE SHEET OF SOPHIE’S SOFAS | Assets | | Liabilities & Shareholders’ Equity | | Cash | $ |
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Chapter 3:Problem 2 2. Ca=1500-10r ‚c=0.6 ‚T=1800 Ip=2400-50r ‚G=2000 ‚NX=-200 a. The marginal propensity to save equals: 1-C=1-0.6=0.4 b. Autonomous planned spending‚ Ap‚ equals Ca − cTa + Ip + G + NX = 1‚500 − 10r −.6(1‚800) + 2‚400 − 50r + 2‚000 − 200 = 4‚620 − 60r. 4‚620 − 60(3) = 4‚440. c. 4‚440/.4 = 11‚100 d..04(3) = 120 billions. e. 4‚440 – 120 = 4‚320. 4‚320/.4 = 10‚800 f. (10‚800 − 11‚100)/(4‚320− 4‚440) = (-300)/(-120) = 2.5 g. 11‚095 is the number a. G increases and
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Owner’s Capital xxx 2. No need to write ‘Debit’ and ‘Credit’ when doing a journal entry. Simply indent the credits (including the Account Titles) further to the right and that will signify credits and debits to accountants. 3. Use Account Descriptions that are given in the Problem (e.g.‚ if the problem only has ’Expenses’ as a descriptor‚ then don’t use ’Rent Expense’ even if the company pays rent). Similarly‚ when you are dealing with transactions in the ‘real world’‚ only
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automobile. (2) Biases and motives of provider There is a conflict between the automobile buyer and the manufacturer. The buyer wants to buy a high quality product at minimum cost whereas the seller wants to maximize the selling price and quantity sold. (3) Voluminous data There is a large amount of available information about automobiles that users might like to have in order to evaluate an automobile. Either that information is not available or too costly to obtain. (4) Complex exchange transactions
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1. How effective was Ko in defining and framing a vision for Motorola Penang? In what ways were her efforts similar to and different from the example of Charles Schwab citied earlier? * How did Ko resolve the dilemma of where visions come from? Where did she find her vision? Ko wants to her team both defining and framing a vision‚ because that will embrace visions best and see with their own eyes. Ko struggled with the most effective way of making her vision a reality. She engaged many of her top
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Rani Lakshmibai (Manikarnika) was married to Raja Gangadhar Rao Newalkar‚ the Maharaja of Jhansi in 1842‚ and became the queen of Jhansi. After their marriage‚ She gave birth to a son Damodar Rao in 1851. However‚ the child died when he was about four months old. After the death of their son‚ the Raja and Rani of Jhansi adopted Anand Rao‚ the son of Gangadhar Rao’s cousin. However‚ it is said that the Raja of Jhansi never recovered from his son’s death‚ and he died in 1853. Since Anand Rao was adopted
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Transition Words * * Home * Quotes & Sayings — Famous * * Transition Words * Conjunctions * List of Synonyms * * English Language Humor * Humor & Fun & Jokes * Jokes - IT-Project & Software & PC * * Tips & Tricks * * Sitemap * * Disclaimer Transition Words and Phrases It is essential to understand how transition words‚ as a part of speech‚ can be used to combine ideas in writing. This will help to improve your writing
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Threat Safeguards Objective Assessment a) The lending of staff by the firm to an audit client may create a self-review threat. (APES110.290.142) Referring to APES110‚290 142‚ it states that if the firm lend the staff to audit client‚ and it will create the self-review threat. The possible safeguards are as following: Pay more attention on the work done by the loaned staff while in audit engagement. Do not assign any audit responsibility to the task that is performed by that loaned staff
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"FASB Exposure Draft" Please respond to the following: From the first e-Activity‚ discuss how you would respond or comment to the Exposure Draft that you researched. Discuss whether or not you believe that Exposure Drafts add value to the accounting pronouncement development process. From the first e-Activity‚ discuss how you would respond or comment to the Exposure Draft that you researched. Discuss whether or not you believe that Exposure Drafts add value to the accounting pronouncement
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HW1‚ Spring 2013 Regression Analysis (STAT338) Please solve the following exercise and submit a group solution on Tuesday‚ 27 February 2013. The strength of paper (y) used in the manufacture of cardboard boxes is related to the percent of hardwood concentration (x) in the original pulp. Under uncontrolled conditions‚ a pilot plan manufacturers 16 samples‚ each from a different batch of pulp‚ and measured the tensile strength. The data are shown below. Strength of paper Percent of hardwood
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