goods and services provided. Bad debt expense is that portion of account receivables that will not be collected. Therefore‚ without any receivables a company will not have bad debts‚ thus no need to estimate any bad debt expense. Business to business transactions are mostly done with a promise to pay for goods and services provided at a later date. When a company sells its products or provides its services to other businesses or even individuals‚ it expects payment for the products or services
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Basic Financial Calculations 1.1 Overview This chapter aims to give you some fi nance basics and their Excel implementation. If you have had a good introductory course in fi nance‚ this chapter is likely to be at best a refresher.1 This chapter covers • Net present value (NPV) • Internal rate of return (IRR) • Payment schedules and loan tables • Future value • Pension and accumulation problems • Continuously compounded interest Almost all fi nancial problems center on fi nding the value
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or goods required INVOICE Commercial document issued by a seller to a buyer‚ relating to a sale transaction and indicating the products‚ quantity and agreed prices for products or services the seller has provided the buyer Used when a customer would like to know the details of their purchase and what they are paying for Sent by the buyer to the supplier Used for the demand of payment For example you order a phone online‚ you get a paper with it that shows what you order‚ the order number‚ how
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engaging in B2B‚ or business-to-business e-commerce when you buy products or services for your own business. B2C‚ or business-to-customer‚ is far more common; it occurs when you buy products online for yourself. Additionally‚ there are two types of online stores. These are "Pure Click" and "Brick and Click." The first denotes an online operation that has no physical store‚ and the second refers to an online operation that has at least one physical store. The Process When you do business over the Internet
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specifically in business and we all know that in order to maintain the competitiveness of our economic system all over the world is to uplift the business society that’s why Accounting is vital to our economic system. 2. Identify and describe the steps in the accounting process. 1. Identifying the financial transaction a business may perform several transactions. Of which‚ only financial transactions are recorded in accounts. In the first step of the accounting process‚ therefore‚ financial transactions
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The company that I have selected for Financial Ratio analysis is GOOGLE. The Ratios that I am going to analyze are grouped under four main headings: 1) Profitability Ratio 2) Liquidity Ratio 3) Debt Ratio 4) Market Ratio 1. Profitability Ratio - Profitability ratios measure the firm ’s use of its assets and control of its expenses to generate an acceptable rate of return. a. ROE - Return On Equity - Measures the rate of return on the ownership interest (shareholders ’ equity) of the common
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I - A. " Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events" (CICA‚ Financial statement Concepts 1000.21 (a)‚ 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers
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Give life‚ give blood! Imagine your mom‚ dad‚ son‚ and or‚ daughter in a tragic car accident‚ or diagnosed with cancer. The only chance of survival is a blood transfusion‚ because your blood type is not a match. We all expect that blood will be there for us or a loved one; however‚ hardly a fraction of people that can give blood actually do. At some point of our lives we may face a time of susceptibility where we will need blood. The day-to-day need for blood never ends. Statistics
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specialties and show the way of life in Morocco. First‚ let’s begin with the gift-giving. Moroccans like to get to know you before giving or receiving gifts. You should wait until after the first meeting to present a gift. When you are invited to a Moroccan’s home‚ you should bring a gift for the hostess. Gift of pastries‚ nuts or flowers are appropriate‚ then you mustn’t open a gift when received. Second‚ for women‚ being professionally dressed for business could be a business suit‚ dress or pant suit
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Race and ethnicity has influenced my life in many ways and up until now I am living with the discriminations that comes with not belonging to a certain group of people. Worldwide racial discrimination race is common and even more common here in the United States. People make choices subconsciously based on the racial group they belong to. Individuals have preference of people of their own ethnicity over people of a different ethnic group. I personally have experienced some sort of racial discrimination
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