allowance for uncollectible accounts to be reported in the balance sheet of V company: Estimated Uncollected Accounts Details Total Amount ($) Percentage Considered Uncollectible (%) Allowance for Doubtful Debts Accounts ($) A B C D 0 – 30 Days Past Due 60‚000 5% 3‚000 31 – 60 Days Past Due 4‚000 10% 400 Over 60 Days Past 2‚000 70% 1‚400 Total 66‚000 4‚800 Therefore‚ the amount of allowance for uncollectible accounts to be reported in the balance sheet of V Company is $4‚800. E8-11 1. Compute the
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A company profile is a commonly used document in business that offers potential clients‚ current clients‚ employees‚ job applicants and the public in general a description of a particular company and an overview of its history‚ activity‚ operations and plans for the future. These profiles normally appear on a company’s website‚ promotional materials or other company documents and publications. Some business and public relations experts advise that a company profile is important because it is often
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study material as a proper library is maintained for all students * Faculties of IICE computer education are highly qualified * A well equipped computer laboratory with all updated softwares CAREER OPTIONS AFTER ‘O’ LEVEL The career options available to a DOEACC ‘O’ level qualifiers are: •Junior Programmer •EDP Assistant •Web Designer •Lab Demonstrator JUNIOR PROGRAMMER A junior programmer is also known as an entry level or intern programmer. This term is
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of internet and some other books. This is not linked with any organization. This project will help the students to make their assignments and projects. (www.projects99.com) CHAPTER I INTRODUCTION 1. PROFILE OF THE COMPANY: The Rane brake linings ltd.‚ plant-III launched Punjab. This plant was made on 02.02.1988. In beginning time 130 employees were working that there plant. The plant-3 was occupied on 29237 yards. The factory building was situated on 90000 squire
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1) The standards and rules that are recognized as a general guide for financial reporting are called __________. D. generally accepted accounting principles 2) What is value chain management best defined as? A. All activities associated with providing a product or service 3) These are selected account balances on December 31‚ 2008. Land (location of the corporation’s office building) $150‚000 Land (held for future use) 225‚000 Corporate Office Building 900
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Nicholas Jones 1/26/11 History 143 Dr. Quirk O Pioneers! By: Willa Cather. Published by Barnes and Noble books. O Pioneers! Book Review O Pioneers! Was written by Willa Cather and was first published in 1913 and it is a literary fiction. This book is about all the hardships of living in the planes or even just the hardships and challenges that people had to endure in the life of a pioneer. O Pioneers! takes place between the late 1800s and the early 1900s in Hanover Nebraska. The main character
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minute no matter in developed countries or the developing ones. The theoretical foundation of international trade is from classic economic theory that dates from the nineteenth century - the Ricardian Model. The model shows that a country’s production and trade pattern is determined by comparative advantage‚ which is based on the differences in the productivity of labour. In reality‚ there are more factors that require to be taken account of‚ like labour‚ land‚ capital etc. Due to the differences in factor
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150 = 1500r 150/1500 = r = 0.10 3. You have $50‚000 to invest‚ and two funds that you’d like to invest in. The You-Risk-It Fund (Fund Y) yields 14% interest. The Extra-Dull Fund (Fund X) yields 6% interest. Because of college financial-aid implications‚ you don’t think you can afford to earn more than $4‚500 in interest income this year. How much should you put in each fund? The problem here comes from the fact that I’m splitting that $50‚000 in principal into two smaller
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Accounting Documents A balance sheet is used by accounting departments to show a company their financial position at the end of a specified date. It is often called a snapshot of a company’s financial position at a given moment. It gives the reader of the document a clear picture of all transactions that have been posted by that company as of a specific date. When accountants prepare a balance sheet they list the company’s assets at the time. Assets are things the company owns‚ and resources they
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Balance Sheets A general ledger is the foundation of a company’s financial records‚ as they constitute the central summary of a company’s financial system. Every transaction is recorded through the general ledger. These records remain as a permanent track of the history of all financial transactions since the opening day of the company (Business Town‚ n.d.). The purpose of any business is to increase the owner’s equity through solid revenues. These revenues increase assets or proceed to decrease
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