Chapter 12 : 1/ As part of the initial investment ‚ a partner contributes office equipment that had cost $20‚000 and on which accumulated depreciation of $ 12500 had been recorded . If the partners agree on a valuation of $ 9000 for the equipment ‚ what amount should be debited to the office equipment account? a/ 7500 c/ 12500 b/ 9000 d/ 20000 2/ Chip and Dale agree to form a partnership. Chip is to contribute $50000 in assets
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Name________________________ Student #_____________________ MGT 181 L. Jean Dunn‚ Jr. MIDTERM EXAMINATION 1. Describe the following finance career opportunities. (5 points) Hedge Fund Manager Manage funds for high net worth individuals‚ family trusts and pension funds. Investment Banker: An intermediary who arranges the sale of stock and bonds to raise capital for corporations. Also involved in arranging mergers and acquisitions of companies. 2. Draw a typical
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Self-Test 1 Problem: The following is a set of transactions during the month of May‚ 2012 for the business of Jess Consulting Office. The chart of accounts shows the following accounts: Jess Capital 300‚ Withdrawals 320‚ Cast at Bank 100‚ Advertising Expense 520‚ Wages Expense 525‚ Prepaid Advertising 112‚ Prepaid Rent 114‚ Tax Service Fees 405‚ and Consulting Revenue 400. The balance of cash account at 1st of May 2012 is $10‚000. May 2. Jess Barley invested $30‚000 more into the business
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The review will be held SUNDAY‚ September 29th from 3 to 6 PM in Woodruff Auditorium of the Kansas Union. Complete this packet prior to attending the review!!! Short Answer 1. State the fundamental accounting equation. 2. What are the two components of stockholder’s equity? 3. What is the formula for current ratio‚ quick ratio‚ debt ratio‚ and working capital? 4. What is the group that presently creates accounting standards? 5. What gives
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10 Principles of Academic Principle and Integrity One of the most important principles is to always plan ahead and never over book your schedule. This is the most important for a variety of reasons. Time management helps you to make sure you’re taking the time out to successfully complete your work and fulfill any commitments made to others. It’s important to be successful and stay true to your commitments because it shows you’re professional and dependable. The second
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Running Head: FOUR PRINCIPLES 1 The Four Principles of Community Corrections Ashley Hargrove CRJ201 Professor Jodi Levit December 17‚ 2012 FOUR PRINCIPLES 2 Community corrections are “non-prison sanctions that are imposed on convicted adults or adjudicated juveniles either by a court instead of a prison sentence or by a parole board following release from prison.” (Joan Petersilia Para. 1) There are four general principles of effective intervention
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There are 12 basic principles to Information Security. The first principle is that there is no such thing as absolute security. What this means is that with the correct tolls‚ skills and time anyone can hack into a system. The second principle are the three security goals‚ which are C.I.A; Confidentiality‚ Integrity and Availability. What this means is that everyone must consider what data they want to be protected. It also means that one must be sure as to whom they want to access this information
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Precautionary Principle The precautionary principle was arguably developed and originally implemented in Germany and Sweden‚ and it is these nations that remain the leading proponents of it. For example‚ it was one of these nations (Germany) that put the precautionary principle on the international stage‚ and today with regard to environmental regulation (in particular chemicals) it is Sweden that is pushing forward precautionary legislation in the European Union. There is a conflict between
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Unlike most countries America was founded on an idea of freedom. This came from the founding fathers many moral principles that they believed in. Moral principles are the principles of right and wrong that an individual or a social group accepts. (Merriam Webster) Nor one or two people may agree on certain principles‚ but everyone has them. Some principles the founding fathers of America had were: • To create an equal and fair government (The 5000 Year Leap) • A free people cannot survive
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Seven Principles of Insurance With Examples The seven principles of insurance are :- Principle of Uberrimae fidei (Utmost Good Faith)‚ Principle of Insurable Interest‚ Principle of Indemnity‚ Principle of Contribution‚ Principle of Subrogation‚ Principle of Loss Minimization‚ and Principle of Causa Proxima (Nearest Cause). 1. Principle of Uberrimae fidei (Utmost Good Faith) Principle of Uberrimae fidei (a Latin phrase)‚ or in simple english words‚ the Principle of Utmost Good Faith
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