Second‚ check the inventory account. After we sort and count the inventory‚ we want to make sure that whether our accounts are correct. And then we have to options‚ first the account has some mistake‚ and then fix the account. Second‚ the account has no mistake; we can do the next step. Third‚ check the sale account‚ after we make sure that the inventory’s account is correct. We should check the sale account. Affirm the entire bill was in that account. Whether some people take the goods
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anyone. In fact‚ the firm should manage its credit in such a way that sales are expanded to an extent to which risk remains within an acceptable limit. Thus to achieve the goal of maximizing the value‚ the firm should manage its trade credit. The efficient and effective credit management does help to expand sales and can prove to be an effective tool of marketing. It helps to retain old customers and win new customers. Well administrated credit means profitable credit accounts. The objectives of receivable
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bank account in one of the countries in which PayPal operates‚ even if he or she does not have a PayPal account. Opening a PayPal account is very straightforward. You just need to go to the PayPal website (see References below)‚ put in an email address and choose a password. Once you are allowed into the PayPal system‚ you will be required to enter your bank account information‚ which will then be verified. You can then fund your PayPal account by transferring money from your bank account once both
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Accounting for Managers Identify the differences between a cash flow statement and a profit and loss account. Which statement gives a better view of organisational performance? Fully explain your choice. There is undoubtedly‚ a clear difference between what is termed “cash” and what “profit” is and by extension a cash flow statement and a profit and loss statements. Notwithstanding these differences‚ each statement gives a different yet important view of organisational performance. Cash
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INTRODUCTION 1.1 In order to be able to build a closed loop controller‚ you need some mean of gaining information about the rotation of the shaft like the number of revolutions executed per second‚ or even the precise angle of the shaft. This source of information about the shaft of the motor is called “feed-back” because it sends back information from the controlled actuator to the controller. 1.2 METHODOLOGY: LASER BASED SPEED SENSOR The methodology of our project is shown
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$30‚000 Gross profit‚ $490‚000 Accounts receivable‚ $110‚000 Sales discounts‚ $14‚000 Allowance for doubtful accounts credit balance‚ $1‚200 How much is bad debt expense assuming that 5% of accounts receivable is estimated to be uncollectible? A. $5‚500 B. $6‚700 C. $4‚240 D. $4‚300 Answer: Bad debt expense ($4‚300) = 5% of accounts of accounts receivable (5% $110‚000) - allowance for doubtful accounts credit balance ($1‚200). 3) Which of the following journal entries correctly
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Describe Kanthal’s competitive position and strategy and operating problems. B. Describe the design‚ strengths‚ and weaknesses of Kanthal’s existing (old) cost accounting system. C. Describe the design‚ strengths‚ and weaknesses of Kanthal’s new account management system. D. Assume that Kanthal’s products have gross profit margins (sales prices minus volume-related expenses) of 50% and the SEK 800 cost that Kanthal incurs to handle a customer order is one-third the extra cost the company incurs to
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The first part of this Reflective Account describes what influences and events in my life have helped to develop my Personal Values. My grandparents taught me most of my basic ‘Personal Values’. I learned from an early age how to be polite‚ have good manners and respect my elders as failure to do so would result in getting sent to bed early. In those days I did not have a television in my room so in my eyes this was the ultimate punishment! They were not deeply religious people; my grandmother
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maintaining smooth relationships with them. Both of them reported to the regional sales manager‚ Nitish Bajaj. Of the two‚ Bajaj was more impressed with Menon’s performance. Within a couple of months of joining the company. Menon had obtained and closed a deal with a very high profile client. Business with this client was expected to rage in huge profits for the company. After both of them had completed a year of working in the company‚
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Reflective Account At the start of December the teacher asked me to design a display which embodied the spirit of the Nativity Story. The display was to be situated on the board above the pegs where the children hang their coats. It was to be put here so that it can be instantly noticed by parents/carers‚ the children and all visitors to the classroom. I drew up a display in rough to show to the teacher to give her an idea of how the display would look. She approved and I began to start it
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