| Appraised Value | Percent of Total | Apportioned Cost | Building | $514‚250 | 55% ($514‚250/$935‚000) | $495‚000 ($900‚000 x 55%) | Land | 271‚150 | 29% ($271‚150/$935‚000) | 261‚000 ($900‚000 x 29%) | Land Improvements | 65‚450 | 7% ($65‚450/$935‚000) | 63‚000 ($900‚000 x 7%) | Four Vehicles | 84‚150 | 9% ($84‚150/$935‚000) | 81‚000 ($900‚000 x 9%) | Totals | $935‚000 | 100% | $900‚000 | 1. Prepare a table to allocate the lump-sum purchase price to the separate assets purchased
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Astronomical Cycles and Their Effects on Planet Earth By Harry Mowat The orbit of the Moon around the sun The Moon orbits around the Earth every 27.3 days. The Moon’s orbit around the Earth is not a circular orbit but more of an eclipse and the orientation or the orbit is not fixed but differs in time. The Earth and the Moon are both actually orbiting the sun (the Moon at a much faster rate) but in the process of that orbit the Moon orbits Earth. This process is the main cause of tide formations
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Argyles communication cycle Argyles stages of communication cycle is were an idea occurs‚ message coded‚ message sent‚ message received‚ message decoded‚ message understood. The first stage where the idea occurs is when we think about the thing we are about to say and who to. The second stage‚ message coded‚ is when we plan to say it. The fourth stage is message received‚ this is when the other person hears what you have said. The fifth stage is message decoded‚ this is when the person you are speaking
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1. Human resource is an example of (an): (Points : 2) Unit-level activity. Batch-level activity. Product-level activity. Organization-sustaining activity. 2. Which of the following is not a limitation of activity-based costing? (Points : 2) Maintaining an activity-based costing system is more costly than maintaining a traditional direct labor-based costing system. Changing from a traditional direct labor-based costing system to an activity-based
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Individual: Project Controls CMGT410 Chanda Sanders 2/23/15 Memorandum To: ABC Physicians Corp CC: Administrator‚ Office Managers/Assistants From: Date: 5/27/15 Re: EPIC EMR Project Controls Methodology to EMR Conversion Training was a success and we feel comfortable the users received an appropriate amount of training. OBJECTIVE-Successfully convert ABC Physician office(s) from medical paper charts to new electronic medical software called EPIC. Trainers made certain the staff received the
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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10 The Revenue Cycle: Sales to Cash Collections • Questions to be addressed in this chapter include: – What are the basic business activities and data processing operations that are performed in the revenue cycle? – What decisions need to be made in the revenue cycle‚ and what information is needed to make these decisions? – What are the major threats in the revenue cycle and the controls related to those threats? 1 of 160 © 2008 Prentice Hall Business Publishing Accounting Information Systems
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