ASSETS 10100 Cash 11‚025.19 108‚309.00 108‚309.00 108‚309.00 10200 Accounts receivable 11‚065.00 47‚102.00 47‚102.00 47‚102.00 10300 Allowance for doubtful accounts 3‚250.81 1‚149.19 (1‚149.19) (1‚149.19) 10400 Inventory 101‚681.00 101‚681.00 101‚681.00 101‚681.00 10600 Marketable securities 24‚000.00 24‚000.00
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Nestlé Pakistan Limited Nestlé Pakistan Ltd. is a food processing company‚ which is registered on Karachi and Lahore stock exchanges. It established its first production unit in 1988 in Sheikhupura‚ Pakistan with the name of Nestlé Milkpak Limited but its name has been changed and now it is called Nestlé Pakistan Limited. Headquartered in Lahore‚ the Company operates five production facilities. Two of its factories in Sheihupura and Kabirwala are multi product factories‚ while another one at Karachi
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that there is a 10% discount if payment is received within 30 days. that there is a 2% discount if payment is received within 10 days. there is a 10% discount if paid immediately and 2% if paid within 30 days. 2 of 25 Family Food Stores purchased canned goods at an invoice price of $3‚000 and terms of 2/10‚ n/30. Half of the goods had been mislabeled and were returned immediately to the supplier. If Family Food pays the remaining amount of the invoice within the discount period‚ the amount paid
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1. Describe and assess the internal and external factors which affected AirAsia’s pricing strategy. Internal factors affecting pricing include the company’s marketing objectives‚ marketing mix strategy‚ costs‚ and organization considerations. Marketing objectives before setting a price‚ the company must decide on its strategy for the product. If the company has selected its target market and positioning carefully‚ then its marketing mix strategy‚ including price‚ will be fairly straightforward
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AC 210 – Spring 2012 Exam 2 Version A Name: CWID: Score: /100 1. McKinney‚ Inc has a debt-to-assets ratio of 0.45. This means that: A. stockholders’ equity is 55% of total assets. B. stockholders’ equity is 45% of total assets. C. the asset turnover ratio also is 0.55. D. the asset turnover ratio also is 0.45. 2. A company files a Form 10-K with the SEC to submit its: A. quarterly report. B. annual report. C. press releases. D. report
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E 6-5 (Computation of Present Value) Present value of an ordinary annuity = R (PVF -) a) Present value of an ordinary annuity = $30‚000 (PVF -) = $30‚000 (4.96764) = $149‚029.20 b) Present value of an ordinary annuity = $30‚000 (PVF -) = $30‚000 (8.31256) = $249
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of Debt: Cash 549‚000‚000 Senior N/P Discount 1‚000‚000 Senior Notes Payable 550‚000‚000 December 31‚ 2007: Interest Expense 14‚357‚084 Interest Payable 14‚315‚417 (550‚000‚000 x .0313 x 5/6) Discount 41‚667 (50‚000 x 5/6) February 1‚ 2008: Interest Payable 14‚315‚417 Interest Expense 2‚872‚916 Cash 17‚187‚500 Discount 8‚333 (50‚000 x 1/6) August 1‚ 2008: Interest Expense 17‚237‚500 Cash 17‚187‚500 Discount 50‚000 December 31‚ 2008: Interest
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G 9. Allowance for doubtful accounts. A 10. Accounts receivable. A 11. Cash surrender value of life insurance. B 12. Notes payable (due next year). F 13. Supplies. A 14. Common stock. H 15. Land. C 16. Bond sinking fund. B 17. Inventory. A 18. Prepaid insurance. A 19. Bonds payable. G 20. Income tax payable. F E5-4 (Preparation of a Classified Balance Sheet) Assume that Gulistan Inc. has the following accounts at the end of the current year. 1. Common Stock. 2. Discount on Bonds
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revenue cycle includes sales and cash receipts. Sales includes‚ “all revenue earned from goods and services purchased by consumers. Also included are sales discounts‚ returns or allowances” (Thomason). Cash receipts “represent the actual cash received by a company” (Thomason). Additionally‚ the revenue cycle includes sales discounts‚ returns and allowances. The expenditure cycle encompasses purchases of goods and services necessary to run the business. The conversion cycle covers the production of goods
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8/4/13 Chapter 1 Results 36% (9 out of 25 correct) Responses to questions are indicated by the symbol. 1. Corporations generally receive more favorable tax treatment than sole proprietorships and corporations. A. True B. False Correct! Sole proprietorships and partnerships generally receive more favorable tax treatment than corporations. 2. Which is not one of the three forms of business organization? A. Sole proprietorship B. Creditorship C. Partnership D. Corporation This
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