will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Aboriginal and Torres Strait Islander People Why are Indigenous people in Australia still disadvantaged with regard to health care and services? For the last 200 years Indigenous people have been victims of discrimination‚ prejudice and disadvantage. Poor education‚ poor living conditions and general poverty are still overwhelming issues for a large percentage of our people and we remain ‘as a group‚ the most poverty stricken sector of the working class’ in Australia (Cuthoys 1983). As
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approach to managing disasters and threats nationwide. Seemingly‚ the system has progressed from incident to incident learning from mistakes and difficulties‚ while providing new guidance for future events. However‚ NIMS does come with several disadvantages that still plagues us today. Initially‚ NIMS sheer size in trying to incorporate the all-hazard approach for the entire nation can somewhat be daunting for emergency responders. Seemingly‚ a particular hazard may present itself as being similar
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After the initial observations of demand for littlefield labs (day 52)‚ one of the first steps we took was to identify the bottleneck in the production chain. This was determined by looking at the rate of utilization of the three machines and the number of jobs in the queue waiting for these machines. It was quickly determined that the machine 1 was our bottleneck‚ as it was the only machine with 100% utilization and excess number of jobs in the queue. This meant that machine 1 was not able to keep
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investigations must have factual documentation from those that first respond to the scene of a crime. There are different types of reports used to document facts and circumstances surrounding the crime. Field notes are a form of documentation used by police officers while they work in the field. Field Notes are a short‚ hand written record made by police officers from the initial arrival at the scene until the investigation is completed. (www.mcgraw-hill.com) Because the investigation begins as
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$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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FIELD ANALYSIS: UNDERSTANDING THE KEY PARTIES AND THEIR ROLE IN A NEGOTIATION Instructions: For purposes of this assignment‚ assume that you are the negotiator who is tasked with a salary (on call time‚ step increases‚ overtime for captains and majors) and benefits (insurance while employed‚ insurance after retirement‚ accrual of leave time‚ retirement multipliers) dispute between a large municipal county with a strong mayor and the sheriff’s department for the county. You are negotiating the
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Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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