customers. B) both creditors and customers. C) neither creditors nor customers. D) creditors. 3. A purchase of store supplies on account is recorded as a debit to the Purchases account and a credit to the Accounts Payable account. A) True B) False 4. A subsidiary ledger containing only creditors’ accounts is called the accounts payable ledger. A) True B) False 5. Fast Lane Automotive received merchandise that had an invoice value of $6‚500. The journal entry to record the receipt of these goods
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19. Allegiance‚ Inc. has $125‚000 of inventory that suffered minor smoke damage from a fire in the warehouse. The company can sell the goods "as is" for $45‚000; alternatively‚ the goods can be cleaned and shipped to the firm’s outlet center at a cost of $23‚000. There the goods could be sold for $80‚000. What alternative is more desirable and what is the relevant cost for that alternative? A. Sell "as is‚" $125‚000. B. Clean and ship to outlet center‚ $23‚000. C. Clean and ship to outlet center
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Week 1‚ DQ 1: How would you describe the entries to record the disposition of accounts receivables? What is their function? Since the majority of US thrive on the use of credit cards‚ the accounts receivables for a company may no longer be on a cash-to-cash basis. A company may need to sell these accounts to other companies who specialize in handling accounts receivables if they need cash more quickly or if it would be too costly to perform the necessary billing to collect on the account. The
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and the market. c) Calculate the expected return and standard deviation of return for a portfolio that consists of ½ Big and ½ Small. d) Calculate the expected return and standard deviation of return for a portfolio that consists of 3/4 Big and 1/4 Small.
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Week 12 Questions Chapter 16 2. Dividend policy – Here are several “facts” about typical corporate dividend policies. Which are true and which are false? a. Companies decided each year’s dividend by looking at their capital expenditure requirements and then distributing whatever cash is left over. False. The dividend depends on past dividends and current and forecasted earnings. b. Managers and investors seem more concerned with dividend changes than with dividend levels. True. Dividend changes
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This week concepts were of function problems which may include exponentials and logarithms within the functions. With these types of function we can find out information for breaking-even and profit analysis‚ compound interest‚ continuous compound interest and doubling time for an investment. Out of these concepts from this week lesson plan‚ currently understanding and using doubling time for an investment would be the most important. In this world we live in today‚ the economy has taken a huge
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This work of SOC 490 Week 4 Discussion Question 1 Ramifications of a Solution contains: If the key issue that you are researching were solved‚ what would be the historical‚ psychological‚ ethical‚ and social ramifications of this solution? How would the course of history change if this issue were resolved? How would the group psychology of the population you are studying change or how would it need to change in order to solve the problem? How would the ethical relationships within this group
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Allowance for Doubtful Accounts via an adjusting entry at the end of each period. 3. Allowance for Doubtful Accounts are actually debited and credited to accounts receivable at the time the specific account is written off as uncollectible. Question #4 4. Lauren Anderson cannot understand why the cash realizable value does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Lauren. Cash realizable value does not change or decrease due to the
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for Kardell case. 1. The stakeholders are : 1. Jack Green – a young engineer who was assistant production manager and a father of two daughters. 2. Two business persons of Riverside. 3. A representative of the paperworkers’ union at the plant. 4. A Riverside city counsillor. 5. The corporation’s legal counsel. 2. The most importance stakeholder is Jack Green. He was the one who are aware about the consequences of Sonox usage which can effects on the ecology and public health. The rises of
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2. Clarified accounting rules regarding purchased in-process restructuring charges‚ large acquisition write offs‚ and research and development. 3. Direction on qualitative key points in determining materiality in accounting measurements 4. Interpretive guidance for revenue recognition 5. Prompt resolution to the Financial Accounting Standards Boards definition of liabilities issues 6. Targeted reviews of any public company that announces restructuring liability reserves‚ has
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