given if the payment is made within 10 days. 2) Flyer Company has provided the following information: Cash sales‚ $150‚000 Credit sales‚ $450‚000 Selling and administrative expenses‚ $110‚000 Sales returns and allowances‚ $30‚000 Gross profit‚ $490‚000 Accounts receivable‚ $110‚000 Sales discounts‚ $14‚000 Allowance for doubtful accounts credit balance‚ $1‚200 How much is bad debt expense assuming that 5% of accounts receivable is estimated to be uncollectible? A. $5‚500
Premium Revenue Generally Accepted Accounting Principles Double-entry bookkeeping system
Title: Bear Bile Farming and Eastern Medicine Topic: Bear bile Farming in Asia. Purpose Statement: To give people a general view of bear bile in Eastern medicine and bear bile farming in eastern countries. INTRODUCTION A. Today‚ we are going to talk about a kind animal that every body is no stranger to – black bears. Why do we need to talk about black bears? Because they are related to a kind of tortures‚ which is called live bear bile. Until now‚ the torture is still existed in some of Asian
Premium Traditional Chinese medicine Animal welfare
Cash includes: currency and coins‚ checks‚ money orders‚ bank drafts and demand deposit accounts. Held for Trading Securities – Temporary investments of excess cash which are primarily held for short term gain. Loans and Receivables – include trade receivables and non trade receivables. Trade Receivables are claims against others which arise in the ordinary course of doing business. Examples are: Trade accounts receivable- these are claims against customers arising from the provision of services
Premium Accounts receivable Generally Accepted Accounting Principles Money
A01 Profit and loss account: A profit and loss account calculates the amount of gross and net profit that a business takes on an annual basis; it also outlines the loss which has occurred through the business‚ through necessary overheads. There are many aspects included within a profit and loss account‚ all of which I am going to briefly explain. It is important to have a profit and loss account within a business to enforce correct usage of the money. The company will be able to see where the business
Premium Generally Accepted Accounting Principles
Associate Level Material Appendix G Eastern Religion Elements Matrix | Hinduism | Buddhism | Confucianism | Daoism | Countries of origin | It started in India and was spreading through the East Asia area. | Like Hinduism this also started in India and spread through the East Asia area. | This started in China and then later spread to Japan and Korea. | Like the Confucianism it started in China and later spread to Japan and Korea. | Historical figures and events | Vyasa is the founder of
Premium Buddhism Confucius Chinese philosophy
Pharmaceutical Companies Affect the Healthcare System Yan Li‚ Ying Li‚ Nancy Nycum‚ Maria Rubi‚ Cristina Sanchez Florida International University Executive Summary The Pharmaceutical industry has been around since the Middle Ages‚ and it has affected healthcare in many ways. The development of medicine and having a scientific approach‚ while being able to understand the human biology such as DNA‚ has helped achieve miracles. One of the most well known pharmaceutical companies Pfizer has grown
Premium Food and Drug Administration Pharmaceutical industry Drug development
making its presence felt across several platforms including print‚ e-papers among others delivering local news and entertainment solutions. IT STRATEGY The strategy of the IT team of MMNL is consistently aligned with the overall strategy of the company. This is done by the higher management who believe that IT plays an integral part in proving a competitive advantage. The IT team has provided MMNL with various solutions ahead of its time such as iTunes’ first Kannada Application‚ the first Kannada
Premium Strategic management
efox Account Plan Account: ANZ Operations and Technology Pvt Ltd Total WSP Revenue: $40‚000 Total CDSP Revenue: $0 Sales Professional: Amit D Bhattacharya 29/11/2010 Page 1 of 12 efox by Holden International www.holdenintl.com efox Account Plan Corporate Goals & Initiatives Corporate Goals: undefined Corporate Initiatives: undefined 29/11/2010 ANZ Operations and Technology Pvt Ltd Page 2 of 12 efox by Holden International www.holdenintl.com efox Winning Sales Plan Account: ANZ
Premium Risk management Risk Strategy
1. Sully Company uses 3‚000 yards of canvas each day to make tents. It usually takes ten days from the time Sully orders the material to when it is received. If Sully’s desired safety stock is 12‚000 yards‚ what is Sully’s order point? a. 12‚000 yards b. 21‚000 yards c. 30‚000 yards d. 42‚000 yards ANS: D 3‚000 (daily usage) x 10 (lead time) 30‚000 Safety stock 12‚000 Order point 42‚000 PTS: 1 DIF: Moderate REF: P. OBJ: 1 NAT: IMA 3A - Strategic Management TOP: AACSB - Analytic 2. What
Premium Costs Cost Inventory
a. stockholders | | | b. owners | | | c. the company ’s managers | | | d. creditors | | Correct Marks for this submission: 5/5. Question 3 Marks: 5 Which of the following transactions involves a deferral? Choose one answer. | a. Recording salaries of employees earned but not yet paid. | | | b. Recording the interest earned (but not received) on a CD. | | | c. Recording interest accrued on a note payable. | | | d. Recording the prepayment of three months
Premium Accounts receivable Balance sheet Generally Accepted Accounting Principles