2010 2009 Current Assets: Cash $ 9‚000 $ ? Accounts Receivable 14‚000 18‚000 Inventory 23‚000 20‚000 Total Current Assets 46‚000 45‚000 Fixed Assets 73‚000 66‚000 Less: Accum. Depreciation (28‚000) (26‚000) TOTAL ASSETS $ 91‚000 $ 85‚000 Current Liabilities: Accounts Payable $ 11‚000 $ 6‚000 Wages Payable 3‚000 4‚000 Income Tax Payable 5‚000 4‚500 Total Current Liabilities 19‚000 14‚500 Long Term Bonds Payable 20‚000 23‚000 TOTAL
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Week 1: Homework ACCT550 Chapter 1 CA1-3 (Financial Reporting and Accounting Standards) 1. GAAP stands for: (a) governmental auditing and accounting practices. (b) generally accepted attest principles. (c) government audit and attest policies. (d) generally accepted accounting principles. 2. Accounting standard-setters use the following process in establishing accounting standards: (a) Research‚ exposure draft‚ discussion paper‚ standard. (b) Discussion paper‚ research‚ exposure draft
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Complete the Supply and Demand Simulation located on the Materials tab (Week 2) of the course. Write 700 - 1‚050-word paper of no more than summarizing the content. Address the following: • Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. • Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes
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FIN-516 WEEK 1 – HOMEWORK ASSIGNMENT Steven Kelley 5/8/13 Problem Based on Chapter 14‚ Residual Dividends Middlesex Plastics Manufacturing had 2011 Net Income of $15.0 Million. Its 2012 Net Income is forecast to increase by 8%. The company’s capital structure has been 35% Debt and 65% Equity since 2010‚ and the company plans to maintain this capital structure in 2012. The company paid $3.0 Million cash dividends in 2011. The company is planning to invest in a major capital project in
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Week 3 HC491 Homework Chapter 5 1. Describe how we measure the clinical performance of an HCO as a whole? For example‚ can you aggregate good performance in cardiology and poor performance in obstetrics‚ and say “overall‚ performance is average”? It depends on how measurement is being done. If a scorecard is used‚ yes the performance could be aggregated. However‚ the book mentions moving the departments off the scorecard that do not need improvements and focusing on the departments that
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Acct 555 HW Week 6 Chapter 14‚ pages 468–469: Problems 14-21‚ 14-22‚ 14-23‚ and 14-24 a. The accounting system will not post a sales transaction to the sales journal without a valid bill of lading number. This control is most relevant to which transaction-related objective for sales? (1) Accuracy (2) Occurrence (3) Completeness (4) Posting and summarization 467468 b. The accounting system automatically obtains the unit price based on scans of bar codes for merchandise sold. This control is most
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Course Homework Week 5 IT Governance‚ SEC 592 Clarke Cummings Keller Graduate School of Management Gregory Gleghorn‚ Professor Summary Understanding the issues around regulatory compliance can be a difficult and frustrating endeavor. Financial data must be kept confidential and unmolested at all costs. With data reporting‚ security and privacy gaining importance‚ companies world-over are under increasingly complex requirements for regulatory compliance. The intent of these multiple
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Congress Exhibition on Women in World War 2‚ each one did different things what were so common to each one. But each one did their own thing during the World War 2 and was successful these three did what they can in the war. Toni Frissell remembered today as principally for high-fashion photography for Vogue and Harper’s Bazaar‚ She volunteered her photographic services to the American Red Cross‚ Women Army Corps‚ and Eighth Army Air Force during World War 2. She took thousands of pictures of nurses
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CLICK TO DOWNLOAD MAT540 Week 8 Homework Chapter 4 14. Grafton Metalworks Company produces metal alloys from six different ores it mines. The company has an order from a customer to produce an alloy that contains four metals according to the following specifications: at least 21% of metal A‚ no more than 12% of metal B‚ no more than 7% of metal C and between 30% and 65% of metal D. The proportion of the four metals in each of the six ores and the level of impurities in each ore are provided
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Week 2 Individual Assignments from the Reading Chapter 8 3) What are the essential features of the allowance method of accounting for bad debts? The essential features of the allowance method of accounting for bad debts are: (1) Uncollectible accounts receivable are estimated and matched against revenues in the same accounting period in which the revenues occurred. (2) Estimated uncollectibles are debited to Bad Debts Expense and credited to Allowance for Doubtful Accounts through an adjusting
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