SOLUTIONS TO PROBLEM SET A PROBLEM SET A 2.1 (b) Service Revenue $19‚000 Expenses: Salaries Expense $1‚200 Rent Expense 400 Advertising Expense 1‚300 2‚900 Profit $16‚100 OR Increase in Retained Earnings ($15‚700 - $0) $15‚700 Add: Dividends 400 Profit $16‚100 PROBLEM SET A 2.2 (a) Bell Consulting Pty Ltd Assets Liabilities Equity Date Cash + Accounts Receivable + Supplies + Office Equipment
Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable
Mediterranean Scrub Introduction: Regions of Mediterranean-type climate occur roughly between 30° and 40° latitude on the west coasts of continents‚ where offshore there are cold ocean currents. Each region in which the Mediterranean shrublands and woodlands occur is island-like in character and thus there is frequently a high degree of endemism. Comparative studies of the several regional expressions of this biome reveal interesting examples of convergent evolution in plant families and birds (but
Premium Forest
On February 16‚ 2009 a 15 year old chimpanzee named Travis mauled its owner’s friend as she was coming for a visit. The police were called when the chimpanzee even went so far as to attack the police which forced them to shoot the animal several times before the animal finally stopped fighting. (Howard) This is just one of many examples of why these animals are not made to be in a domesticated environment. People have been trying to own exotic or wild animals as pets for a very long time‚ and some
Free Wildlife Natural environment Genetic pollution
TABLE OF CONTENTS GOOD CORPORATE GOVERNANCE 2 • OBSERVANCE OF GOOD CORPORATE GOVERNANCE 3 • FAILURES OF CORPORATE GOVERNANCE 5 CORRUPTION 5 • BENEFITS OF AVOIDING CORRUPT PRACTICES 6 CONCLUSION 8 REFERENCES 9 GOOD CORPORATE GOVERNANCE Governance in the Oxford dictionary is defined as “control or influence”‚ while corporate is defined as “shared by all members of the group”. Therefore corporate governance refers to the structures and processes for the direction and control of members
Premium Corporate governance Political corruption Management
Task 1.1: 1. There are some key trends which may have infections to Elecdyne during the next 5 years‚ those factor are shown as follow: • Globalization in all industry may become a very important trend to the company. Because all of the top management team have learnt English‚ and several of them have studied abroad‚ that may lead an opening change from the top to the bottom‚ from minds to actions. • Trade with more and more Asia countries may become a popular tendency to Elecdyne because most
Premium Economics The Table The Profit
Which of the following statements is not true regarding the goal of financial management? The goal of maximizing the value per share of existing stock is relevant to all organizations. A way of aligning management goals to shareholder’s interest is to tie managerial compensation to the market value of the firm’s stock. For a company considering international operations‚ the goal will be the same but the company will have to consider the local social‚ economical and political
Premium Balance sheet Depreciation Inventory
1. (TCO 1) What is the goal of financial management for a sole proprietorship? (Points : 3) decrease long-term debt to reduce the risk to the owner maximize net income given the resources of the firm maximize the market value of the equity minimize the tax impact on the proprietor minimize costs and increase production 2. (TCO 1) Which of the these activities is not a capital budgeting task? (Points : 3) determining the amount
Premium Income statement Cash flow Depreciation
George Stamper‚ a credit analyst with Micro-Encapsulators Corp (MEC) needed to respond to an urgent email request from the southwest sales office. The local sales manager reported that she had an opportunity to clinch an order from Miami Spice (MS) for 50 encapsulators at $10‚000 each. She added that she was particularly keen to secure this order since MS was likely to have a continuing need for 50 encapsulators a year and could therefore prove a very valuable customer. However‚ orders of this
Premium Credit Sales Debt
Balance Sheet as of December 31‚ 2010 | Gary and Company | Cash | $45 | | Accounts payables | $45 | Receivables | 66 | | Notes payables | 45 | Inventory | 159 | | Other current liabilities | 21 | Marketable securities | 33 | | Total current liabilities | $111 | Total current assets | $303 | | | | Net fixed assets | 147 | | Long Term Liabilities | | Total Assets | $450 | | Long-term debt | 24 | | | Total Liabilities | $135 | | | |
Premium Generally Accepted Accounting Principles Balance sheet
Ms. Roberts English II – 10th Grade Cross-Curriculum Vocabulary Math‚ Science‚ Social Studies‚ English *Instructor suggests studying 3-5 words per night in preparation for our weekly tests. 1. Sidle – move sideways‚ especially in a shy or sneaky manner 2. Rifle – search thoroughly or in a rough manner; rifling 3. Doctrine – principle teaching; belief 4. Apprehension – dread; fear of future event 5. Ineffably – indescribably‚ inexpressively 6. Furtive – act as if trying not to be seen 7. Cowering
Premium Meaning of life Angle