Bad Debt Expense Memo Introduction Your company has three uncollectible accounts which from three new customers: University of Hare-Brain‚ Dim-State University‚ and the College of Silly‚ each of them owned amount of $5‚000 when they filed for bankruptcy. You decide whether to write the total $15‚000 account payable off as a bad debt expense
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historical cost accounting still widely and continuously to be used by most companies in their accounting. Conversely‚ reporting current cost in accounting are recommended rather than historical cost as it is the fair value reported in the current year would be beneficial to the firm and the shareholders of the company. 2.0 Historical Cost Accounting and Benefits of Current Cost 2.1 Introduction to Historical Cost‚ Disadvantages and Advantages of Historical Cost The historical cost accounting is
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Costs of Corrections in the United States Did you know that 23 states prison systems are operating at over 100% capacity? "The increases in drug imprisonment‚ the decrease in releases from prison‚ and the re-incarceration for technical parole violations are leading to significant overcrowding and contribute to the growing costs of prisons. Prisons are stretched beyond capacity‚ creating dangerous and unconstitutional conditions which often result in costly lawsuits. In 2006‚ 40 out of
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Cost Allocation Paper Cost Accounting Abstract This article’s focus is how cost accounting allocates costs of a manufacturing plant. All things are hypothetical. The conclusions of this report regarding costing of commercial services provided by Goodyear Tire should be recognized as a theory of the way Goodyear Tire conducts business activities‚ rather than suggestions of how Goodyear Tire should conduct business. Goodyear Tire is a publically traded company‚ which has many different
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Portfolio Paper: Student Loan Debt and Forgiveness Justin Puckett 5/17/2012 Public Administration: PMG300 Colorado State University Global Campus When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that
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Fixed Costs‚ Variable costs‚ and Break Even Point Elizabeth Gaud HSM /260 August 21‚ 2011 Stephanie Koontz Fixed Costs‚ Variable costs‚ and Break Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? Answer:
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DEBT MANAGEMENT & LEASING CASE STUDIES Case study 1 Situation: Raiyan Mellizas works as a clerk in one of the clothing companies in the Philippines for about seven years. He supports his family and himself through his job. He uses credit cards for additional to pay his essentials and his expenses. Question1: By the time Raiyan couldn’t control his expenditure using credit cards and he is having a difficulty in paying his debt‚ what he supposed to do? Carrying debt can be extremely stressful
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better way out of the European debt crisis than austerity? Given the extent and severity of the economic problems facing many countries today‚ austerity may be the only viable solution to today’s economic problems‚ despite its flaws. The undisputed optimal method for a debtor country is in fact to relieve its debt is to grow economically‚ so that tax revenue becomes sufficient to pay debt off. This option is unusable however when a country must borrow more money to merely service its debt and pay
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story of student loan debt isn’t too often talked about‚ students don’t take it too serious like they should. College students that barely have time to work spend four years thinking about the student loan; how it will affect their life after college; how they will manage to pay it later. Seven in a total of 10 seniors that graduated back in 2015 had a student loan debt average of $30‚000. It had increased 4% comparing to 2014 graduates. Within the years‚ student loan debt has grown at twice; America
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“US AND EU ZONE DEBT PROBLEM AND DOWNGRADE and ITS IMPACT IN GLOBAL FINANCIAL MARKET and GLOBAL ECONOMY” Contents Introduction to the Crisis 3 American Debt crisis 3 The EU Zone Debt Crisis 5 Impact on Financial Markets and Economy 7 The U.S. Debt Crisis and its Impact 7 The EU Zone Crisis and its Impact 8 Conclusion 9 Works Cited 10 Answers to Questions based on Passage Reading 11 Works Cited (For The Questions only) 13 Introduction to the Crisis
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