* Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from the cash basis of accounting? Why is accrual accounting important? * * In an accrual system‚ does revenue equal cash? * * What is the importance of the statement of cash flow in the financial management of an organization? * Accrual accounting is considered to be the standard accounting practice for most companies‚ with the exception
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following information: Large-denomination time deposits $ 304 billion Currency and coin held by nonbanking public 438 billion Checkable deposits 509 billion Small-denomination time deposits 198 billion Traveler’s checks 18 billion Savings deposits 326 billion Money market mutual fund accounts 637 billion 2. (Reserve Accounts) Suppose that a bank’s customer deposits $4‚000 in her checking account. The required reserve ratio is 0.25. What are the required reserves
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Teams are defined as set of individuals who interact‚ interdependently and adaptively to achieve specified objectives. Teams are a very significant part of a business and can increase a business’s success rate if the team recognizes that together everyone achieves more. My learning team consists of various people with different personalities but similar characteristics. For instance my behavioral style assessment characterized me as an interactive style within the group impresser. Impresser traits
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Throughout my life‚ I have been driven by the desire to create and innovate‚ a capability that is always known to transcend the active acquisition of knowledge. In this era of globalization‚ I decided not to just get enthralled by the sociological marvels‚ but to play my part in it. In view of such global scenario‚ my decision to pursue Certificate course in Aged Care Work that would open the gateway to enhanced career options leading to Nursing in Medical Sector. The path‚ to realize the dream
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We all have a primary motivation that drives us. In the changing field of Engineering and Technology‚ where each new day sees a spate of new concepts and applications and each passing day makes them obsolete‚ I wish to have the highest level of education and reach for new horizons. The vast potential for application when combined with management always fascinates me and I am keen to continue my academic pursuit in this direction. In my undergraduate studies‚ I have benefited from the breadth of
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I firmly believe that inquisitive and explorative attitude leads to constant learning process. I look at this study as a way to refine my knowledge and skills in my area of interest. I believe‚ also‚ that this study is a path to the direction of my goal. Right from my high school days‚ I had a strong inclination to become an Electrical Engineer with keen interest on computers. My interest for this course has grown for successive years that I think not only a degree will quench my thirst for seeking
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Everywhere you go‚ everything you see‚ statistics is all around. I for one‚ did not realize how important and relevant statistics was in our everyday lives until taking this course. Everything is run by statistics; the kind of coffee available in Dunkin’ Donuts‚ the flavors of ice cream at Dairy Queen‚ and even the clothes we buy in stores. Statistics evaluates what works in our growing and complex society nowadays. All of these selections would not be available to us without the statistical
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Looking back in my life‚ I always feel a strong connection with engineering. Later during my adolescent years‚ I found out that I had a strong inner passion for mathematics and physics. I have always been a bright student of my secondary and higher secondary school and got straight ’A’ grades representing outstanding. Soon I realized that the field of engineering would be an excellent choice for my future studies. I was among the top ten position holders in my higher secondary board exam in pre-engineering
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People are the life –blood of any vision. The living entity called “man” combines all the factors of production and produces glorious empires with enduring legacies for generations yet unborn. The present day society has experienced several changes as to the way things are done. The innovations resulted from our various cultural traditions developed over the years ranging from the gigantic pyramid of ancient Egypt to the soaring rocket of space‚ all in view of creating enabling environment and
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A marketing information system (MIS) is a set of procedures and methods designed to generate‚ analyze‚ disseminate‚ and store anticipated marketing decision information on a regular‚ continuous basis. An information system can be used operationally‚ managerially‚ and strategically for several aspects of marketing. A marketing information system can be used operationally‚ managerially‚ and strategically for several aspects of marketing. We all know that no marketing activity can be carried out in
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