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 B. $6‚700 C. $4‚240 D. $4‚300 Answer: Bad debt expense ($4‚300) = 5% of accounts of accounts receivable (5% $110‚000) - allowance for doubtful accounts credit balance ($1‚200). 3) Which of the following journal
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Classification of Ratios Ashok Leyland (Company 1) Swaraj Mazda (Company 2) Profitability Ratios 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 Gross Profit Margin (%) 7.86 4.77 7.49 8.32 6.78 7.31 3.38 6.61 6.62 6.76 Operating Profit Margin (%) 10.09 7.66 10.23 10.67 9.43 7.8 4.96 7.81 7.62 7.78 Liquidity Ratios Current ratio 1.08 1.29 1.22 1.09 0.88 0.96 0.85 1.19 1.23 1.25
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A reflective account A new little boy started recently in nursery‚ as he entered nursery i bent down‚ smiled giving him eye contact i then said hello using his name and told him mine and he smiled back. He had never been to nursery before and he was very excited and had no awareness of the daily routine. i calmly held out my hand and he held out his. holding each others hands i showed him where his name card was‚ he picked up his name card and we walked over to the self-registration board. i asked
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Garrett Chasar Fin 301 Final Research Paper 5-10-13 How to Increase Gross Profits One of the most important things to do in business is to make money. The point of risking yourself financially is to make money on your investment. It is your lively hood. It is important to do all you can to make more and grow your business. Increasing your gross profits means more money in your business and ultimately your pocket. These are simple ways to increase it. Without customers you are nothing. So
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Description of business 1 Brian clothing and shoe world is a sole trader business. It involved in both retail and wholesale quantity. The business acquire its product form the U.S.A where a 5% is added on the price of the product. Type of business Sole trader. Nature of business 1.Clothing and shoes 2. my business deals with wholesale and retail Objectives 1. to make a profit from my business. 2. to reach a common goal. 3. to give customer their wants needs. 1 Justification of location 2 16
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Outcome 5 Section 1 Badges of Trade Firstly it is important to determine if Ali is trading as annual profits from trade or non-trade are taxed under different schedules. There is no single test for trade; in determining if trade has occurred there are six badges which must be considered‚ a brief description of each badge and an outline of how it affects Ali’s circumstances is outlined below. Subject Matter If the asset sold might be for personal enjoyment or investment e.g work of art or shares
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INTRODUCTION The following report describes the activities carried out during a 6-week‚ Full-time internship at the American university of lebanon‚ Finance Department. The document contains information about the organization and the responsibilities performed throughout the period between: the 1st of July until 31st of July‚ 2014. The first part of the report offers an overview of the organization‚ and then describe the process which has been implemented by finance department according to the
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This is so I can have an account so eat food‚ potato tomato jump off a cliff. I eat one meal a day. How many words do I need. I am trying to get 500 words. I think it is really dumb that I have to do this. All I want to do is go on youtube on my tablet. Is that so much to ask for? There is too many words needed to be able to look at stuff on this site. Brick squad. I’m a full throttle killer‚ just ask the ben stiller. Can’t think of words‚ this is just a filler. Down in the dumps‚ feelin’ like
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UNIVERSITI UTARA MALAYSIA COLLEGE OF BUSINESS SESSION A131 ______________________________________________________________________________ COURSE CODE : BKAF3083 COURSE : ACCOUNTING THEORY AND PRACTICE PRE-REQUISITE : BKAF3073 FINANCIAL ACCOUNTING AND REPORTING IV 1.0 SYNOPSIS This course is an advanced level course focusing on financial accounting theory; and as such‚ it differs from other accounting courses learnt previously. It
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The theme of this reflective account is engaging children in participation‚ and enabling children to have a voice. The Every child matters documentation (Department for Education 2010) focuses on the important role of the adult in enabling children to make decisions and encouraging them to participate and make a positive contribution. As a result through this account‚ how children in my setting are encouraged to participate in the outdoor play space will be explored. A small piece of research
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