installment sale method of accounting for this transaction. Terms called for a down payment of $500‚000 with the balance in two equal annual installments payable on December 15‚ 2014‚ and December 15‚ 2015. Ignore interest charges. Rigsby has a December 31 year-end. In 2013‚ Rigsby would recognize realized gross profit of entry at December 31‚ 2013? Gross profit % = ($4‚500‚000-3‚600‚000)/$4‚500‚000=20%2013:20%x$500‚000=$100‚000 In its December 31‚ 2013‚ balance sheet‚ Rigsby would report In 2013
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COURSE ACCOUNTING IA CODE CAC 1107 AIM The purpose of the course is to provide an understanding of the basic concepts and techniques of accounting and their application to business management. The course covers the accounting cycle and assumes no prior knowledge of accounting. The course is intended for those who will use accounting information as managers rather than those who will prepare it as accountants. In appreciation of the question of the semantic value of accounting information
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COMPETENCY OF INTERMEDIATE TEACHERS IN SCIENCE AND HEALTH A Masteral Thesis Presented to the Faculty Members of Pangasinan State University OPEN UNIVERSITY SYSTEMS Lingayen‚ Pangasinan In Partial Fulfillment for the Degree Master Arts in Education Major in Educational Management by JOCELYN A. REYES March‚ 2012 APPROVAL SHEET In partial fulfillment of the requirements for the degree of MASTER OF ARTS IN EDUCATION‚ major in Educational Management
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The balanced scorecard The balanced scorecard is an approach for the company to transfer the strategies‚ objectives and missions into performance measures. It aims at assist the organization to complete and manage the strategies which the organization set up. The balanced scorecard has different perspectives‚ such as financial‚ customer‚ community and internal processes and employees. And also each perspective has two different indicators‚ lead and lag. Lag indicator is a measurement for the company
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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Perfect Balance Politicians plagiarise. Most of the time‚ this plagiarism is allowed to slide by and never comes to anything besides a few unhappy people and a couple complaints. Recently‚ Montana Senator John Walsh was found to have committed plagiarism and he used three excuses before saying‚ “I made a mistake here and I’m going to move on” (Osnos‚ “Why Politicians Plagiarize”). Politicians tend to plagiarise because the consequences are so inconsequential that they add up to barely more than
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YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATION SCIENCES DEPARTMENT OF ACCOUNTING COURSE SYLLABUS FALL SEMESTER 2011/2012 COURSE: Title: ACC471— Accounting Information System Instructor:Dr. Iaad Sartawi Class Time: Section (1) – 8:00-9:00 Sunday‚ Tuesday‚ & Thursday. Section (2) – 10:00-11:00 Sunday‚ Tuesday‚ & Thursday. Section (3) – 8:00-9:30 Monday & Wednesday. Class Room: LAB 104A Office Hours: 11:00-12:00 Sunday‚ Tuesday‚ & Thursday. 9:30-10:30
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Contents INTRODUCTION 3 BALANCED DIET 4 FOOD GROUPS 5 CARBOHYDRATES 5 MAIN SOURCES 5 FUNCTIONS 5 ENERGY SUPPLY 5 PROTEINS 6 MAIN SOURCES 6 DIETARY IMPORTANCE (FUNCTIONS) 6 ENERGY SUPPLY 6 LIPIDS 7 PRINCIPAL SOURCES 7 DIETARY IMPORTANCE (FUNCTIONS) 7 ENERGY SUPPLY 7 VITAMINS 8 MINERALS 9 WATER 10 FUNCTIONS 10 DIETARY FIBER /ROUGHAGE 11 FUNCTIONS 11 PROBLEMS OF AN UNBALANCED DIET 12 MALNUTRITION 12 EFFECTS OF MALNUTRITION 12 CONSTIPATION 13 HEART DISEASE 13 OBESITY 14 STARVATION 15 Poverty 15 Over
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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