Part 1 Goering‚ Zarcus‚ and Schmit are partners and share income and loss in a 3:2:5 ratio. The partnership’s capital balances are as follows: Goering‚ $84‚000; Zarcus‚ $69‚000; and Schmit‚ $147‚000. Zarcus decides to withdraw from the partnership‚ and the partners agree to not have the assets revalued upon Zarcus’s retirement. Prepare journal entries to record Zarcus’s February 1 withdrawal from the partnership under each of the following separate assumptions: Zarcus (a) Sells her interest to Getz
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1/ What is your mom like ? ( My mom‚she’s tall and look very beautiful with her big black eyes and short hair. She’s the one who gave birth to me and I know she unconditionally loves me‚loves our family She’s caring‚open‚honest and very understanding She always works hard to give me everything I deserve She knows what is the best for me and always listens to my problems She takes care of her family well and I love every dishes she cooks My mom‚in other words‚she means everything to me and
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1. Explain the functioning of the Circular Flow of Income. The Circular Flow of Income is a model that indicates how money moves throughout an economy. This model was mainly in use up to the Second World War and is a model developed by classical (monetarist) economists. Many models have been developed based on The Circular Flow of Income. The Circular Flow of Income consists of two parts‚ the inner circular flow and injections and withdrawals. In the inner circular flow there are two basic
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| • What could a company do with excess cash on the balance sheet? • What’s the difference between IRR‚ NPV and Payback? • What are the impacts on earnings if a company builds a new factory using debt? operating lease? capital lease? cash? • Why would a company repurchase its own stock? What signals (positive & negative) does this send to the market? • When would you take a project
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Balance Sheet Notes Preparation and Discussion Odette A. Aquino Pérez‚ Desireé González And Edwin Reyes ACC 545 February 19‚ 2015 Prof. Rafael Marrero‚ PhD‚ MBA‚ CPA Footnotes Preparation and Discussion This week paper requires our team to prepare three notes to the balance sheet and income statement. Also‚ request us to discuss why footnotes are useful and important to financial statements. Below we have included the requested footnotes (prepared based on our experience working with a CPA Firm
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Cash Flow Preparation 27) Cash Flow Preparation CROSBY CORPORATION Income Statement for the Year Ending December 31‚ 2008 Cash flows from operating activities: Net income: $160.000 Adjustments to cash flow from operating activities Depreciation (re-added) $150‚000 Increase in inventory $20‚000 Decrease in already paid expenses ($20‚000) Increase in accounts payable $210‚000 Decrease in accrued expenses $20‚000 Total adjustments $380‚000 Net cash flow from operating activities $160
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DATA FLOW DIAGRAM - one of the most commonly used modeling tool which graphically represents a system as a network of processes‚ linked together through input and output flow lines and entities. Data flow Components ▪ Process - transformation of data flow into outgoing data flow. It may represent . . - whole system - subsystem - activity ▪ Data store - repository of data in the system It may represent . . . - computer file or
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Dated: 12-04-2013 STEPS INVOLVED IN THE SELECTION FLOW METER There are well over 20 different types of flow meters‚ even if we lump the various positive-displacement flow meters together as one type. Unless the process engineer knows the pros and cons of each type‚ it can be a daunting task to properly select one. Here are just some of the factors to consider before selecting a flow meter: • Its size and measuring range of the flow meter • Chemical compatibility • Process accuracy requirements•
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Reflective Summary: Week 1 Reflective Summary: Week 1 When the word management is spoken many people draw the definition of simply someone who is in charge of a group of people. After utilizing last week’s readings this group has a much better understanding and comprehension of the term management. In this essay‚ we will discuss how the four functions of management have increased our knowledge. We have dug a bit deeper into management and learned a lot about internal and external factors
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Finance Cash Management Learning Objectives 1. Describe the various receipts and payment 2. Explain the difference between cash flow and profit 4. Explain the difference between cash flow accounting and accruals accounting 5. Understand why a company holds cash. 6. Explain various cash management objectives and decisions. BM059-3-2-MF Managing Finance Cash Management Slide 2 of 56 Learning Objectives 6. Describe the role of treasury function 7. Understand management of surplus cash 8. Prepare
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