October 1‚ 2008‚ TSMC Company establishes an imprest petty cash fund by issuing a check for $200 to Mary Mann‚ the custodian of the petty cash fund. On October 31‚ 2008‚ Mary Mann submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $55 cash in the fund: Freight-in $27 Office Supplies Expense 35 Entertainment of Clients 60 Postage Expense 20 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and
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History Term Paper Jack Conway Mr. Hilgendorf February 25‚ 2013 Word Count: 3234 Reconstruction: Rebuilding America The United States was founded on the belief that every man has “certain inalienable Rights.” Not until ninety years later‚ however‚ when slavery was abolished did the United States actually offer these “Rights” to all of its citizens. The 19th century was turbulent time of stress and change for America. One of the most controversial dilemmas was the issue of slavery
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Cash Connection 1. What are the dominant economic characteristics affecting the payday lending industry? The industry for short-term cash loans (payday loans) grew in the early 1990’s because of the shift in financial services marketplace. The cost structure of the market rose due to bounced checks‚ overdraft protection fees‚ and late bill payments penalties. Second the trend of regulation of payday advance service that allowed protection for consumers. To avoid such cost‚ payday loans were
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Statement of Cash Flow (Cash Flow Statement) describes the changes in the cash position of a company during specific period of time. In business as in personal finance‚ cash flows are essential to solvency. Solvency can be described as the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. Cash flow is crucial to an entity’s survival. Having ample cash on hand will ensure that creditors‚ employees and others can be paid on time
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William Gonzalez Dr. Verrecchia Juvenile Justice March 23‚ 2015 Kids for Cash The Kids for Cash book depicts the scheme that took place between two judges‚ Mark A. Ciavarella and Michael T. Conahan‚ and PA Child Care‚ a privately owned juvenile detention facility in Pittston‚ Pennsylvania. This scheme became known as the kids-for-cash scheme in which Judge Ciavarella would convict young children‚ for mostly petty crimes that the children or attorney would not be able to defend them‚ and send them
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statement and a balance sheet as well as to interpret reasons why the cash position for the business does not equal to the profit for the period. By showing the spreadsheet‚ two financial statements and looking into theories of matching principle‚ prepayments and accruals‚ provisions(bad debts and depreciation)‚ it is not hard to distinguish the cash flow from the profit. Content It is vital to understand the cash position and the profit do not necessarily go together when running business. Profitable
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What have been the most important findings in SLA research on instructed/classroom second language learning in recent years? What have been their main influences on ELT? With the growth of our global village and with our seemingly permanent state of interconnectedness the need for a worldwide common tongue is paramount for many people; more often than not that common tongue is English. People have sought to learn such lingua franca for millennia‚ yet the study of how people acquire this ’second
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determine Microsoft’s market value. The company choose a conservative accounting policies. 2. What effect did Microsoft’s software capitalization policy have on its financial statements? a) 60% R&D Year 1995 1996 1997 1998 1999 R&D recognized 860 1‚326 1‚863 2‚601 2‚970 Adjustments 516 258 796 398 1‚118 559 1‚561 780 1‚782 Capitalized Development Costs 516 1‚054 1‚516 2‚120 2‚562 b) Why do you think Microsoft chose
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The Vietnam War Should Not Have Been Fought The Vietnam War The Vietnam War is truly one of the most unique wars ever fought by the Unites States of by any country. It was never officially declared a war . It had no official beginning nor an official end. It was fought over 10‚000 miles away in a virtually unknown country. The enemy and the allies looked exactly the alike‚ and may by day be a friend but by night become an enemy. It matched the tried and true tactics of World
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2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends $16
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