inventory on account for $200‚000. Assets + Expense = Liabilities + Incomes Asset named Inventory created and Liability Vendor payable gets created 200000 + 0 = 200000 + 0 c Sold inventory for $200‚000. $75‚000 of the sales were for cash and $125‚000 were on account. The inventory sold had cost Stewart $120‚000. Assets + Expense = Liabilities + Incomes Asset named Cash Balance with get added with 75000‚ Asset named Account receivable
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SPRINGBOARD FINANCIAL SERVICES | DEVELOPMENT OF LOAN APPLICATION SOFTWARE (LAS) | A CASE STUDY FOR SPRING BOARD FINANCIAL SERVICES | MICHAEL YARTEY AND SETSOAFIA O.M. SELASSIE [Pick the date] | CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND A good definition of microfinance as provided by Robinson‚ Marguerite S. is; ‘Microfinance refers to small-scale financial services for both credits and deposits that are provided to people who farm or fish or herd; operate small or microenterprises
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5BY2 – Fully Automated Parking “Puzzle System” 5BY2 is a company located in Amsterdam that has developed a very unique parking system‚ described as a “puzzle system”. The system requires an average of 15 m2 per car‚ a 60% improvement over a conventional parking layout[1]. By designing the layout of each level or floor of the parking system to resemble a sliding puzzle‚ where one “tile” shifts around at a time to make room for a new car or to retrieve a target parked car‚ this parking system is highly
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Abstract The system will properly accommodate the needs of the students and the parents in taking the statement of accounts. It will provide an accurate‚ fast and smart statement of accounts to students that are up-dated for the school administrator and the students. It will also provide students to view their own statement of accounts. Student Account System has different features that would be a perfect aid for the students‚ school administrators‚ cashiers and parents as well. These are; processing
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Computer software‚ be it the brain behind our VCR or the program created specifically to run a country’s missile defense system‚ are an absolutely integral part of helping to make our day-to-day lives that much less complicated. But when your blender comes screaming to life in your sleep‚ or your bank somehow “loses” your life savings and says “you only have 37 cents in that account”‚ who is to blame? According to liability laws that have been in question since the birth of what might be considered
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HARVARD BUSINESSSCHOOL Software Associates Susan‚ I have just seen the quarterly P&L. It’s great that we exceeded our billed hours and revenue targets. But why‚ with higher revenues‚ is our bottom line less than half of what we had budgeted. Can we have a meeting tomorrow morning at 8 AM so you can explain this discrepancy to me? Richard Norton‚ CEO of Software Associates Norton‚ the founder and CEO of Software Associates called Susan Jenkins‚ CFO of Software Associates‚ after skimming
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Global Software Industry The world software market exceeded $265 billion in 2010‚ according to MarketLine. Market growth is expected to exceed 6% yearly between 2010 and 2015‚ bringing the market to almost $357 billion. Home use and general business applications lead the market at almost $64 billion‚ accounting for around a quarter of the overall market‚ which encompasses systems and application software. The former includes network and database management‚ operating systems and other systems
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Are computers necessary? Computers have been around for many years and it has become difficult to imagine life without them. They are present almost everywhere we go - at the supermarket‚ at the bank‚ at home‚ in the car. Computers are more efficient than we humans are‚ at least when it comes to calculations and related topics - as the name computer implies (to compute - to calculate). The question is‚ however - could we do without computers? Are computers really necessary‚ or do we just use them
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If war is necessary‚ it is a necessary evil. Its evil is sometimes concealed for a time by its glamour and excitement but when war is seen in its reality‚ there is a little glory about it. At its best‚ it is hideous calamity. It brings in awful loss of life. In recent great wars‚ millions of men‚ women and children were killed‚ many died of diseases‚ famines and untold sufferings. A war generally sweeps away the strongest and best men of a country and leaves the aged‚ the weak and the unfit to carry
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SOFTWARE TESTING SOFTWARE TESTING Testing is the process of executing a program with the intent of finding errors. TESTING PRINCIPLES All tests should be traceable to customer requirements. Tests should be planned long before testing begins. The Pareto principle applies to software testing. Stated simply‚ the Pareto principle implies that 80 percent of all errors uncovered during testing will likely be traceable to 20 percent of all program components. TESTING PRINCIPLES Testing should begin
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