collected in October. 3.30 Cash Budget January Cash receipts from sales: ($6.20 x 40 000) $248 000 ($6.20 x 35 000) Cash payments for: Purchases $4.70 x (30 000 + 12 000 – 9 000) $155 100 $4.70 x (40 000 + 10 500 – 12 000) General and administrative expenses 15 000a Other cash payments 71 500 Total cash payments $241 600 Net cash inflow (outflow) from operations $ 6 400 Add: Beginning cash balance from operations 75 000 Ending
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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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Question 1. (AQA June 2003 Intermediate Paper 1) The diagram represents a solid made from 9 small cubes (a) On the grid below‚ draw the solid from direction A [2 marks] (b) On the grid below‚ draw the solid from direction B [2 marks] Question 2 (AQA November 2003 Intermediate Paper 1) The diagram shows a solid shape made from 8 cubes. [2 marks] Complete the plan view of the solid on the grid below. Question 3 (AQA November 2005 Intermediate Paper 1) This 3-D solid is
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Chapter 2—The External Environment: Opportunities‚ Threats‚ Industry Competition‚ and Competitor Analysis TRUE/FALSE 1. The health-related concerns in the general environment facing Philip Morris International are part of the physical segment. ANS: F PTS: 1 DIF: Medium REF: 36 OBJ: 02-01 TYPE: comprehension NOT: AACSB: Ethical & Legal understanding | Management: Ethical Responsibilities | Dierdorff & Rubin: Managing the task environment 2. The external environment facing business stays relatively
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which makes enrollment in kindergarten compulsory before children can begin the traditional six years of primary school and adds two more years to high school. The Enhanced Basic Education Act of 2013‚ or the K-to-12 Act‚ establishes a “universal kindergarten” and introduces Grades 11 and 12 to high school education in public and private schools. Students will have to complete the extra education to qualify for university. Until this law’s enactment‚ the Philippines was the only country in Asia and
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They could have also used the technology to offer new products and services to their customers. CPS Energy could have developed an app that let customers track the technician‚ via the technician’s GPS enabled smartphone‚ to make it easier for the customer to plan ahead. Many companies that deploy technicians give customers a widow a time that the
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A Literature Review of K-12 Virtual Learning Communities Virtual learning environments‚ often referred to as online learning or e-learning‚ have proliferated both at the K-12 and the adult levels. Formal virtual learning communities (VLCs) at the K-12 level however‚ are relatively new phenomena. Traditionally‚ literature regarding online learning has focused largely on technology and learner-computer interaction. These isolated computer-mediated environments where the need for community and human
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methods or procedures used to record and report financial data are called the accounting system. 3. Systems analysis is the final phase in the creation or revision of an accounting system. 4. Processing methods are the means by which the system collects‚ summarizes‚ and reports accounting information. 5. Accounting systems evolve through a three-step process: analysis‚ design and feedback. 6. An accounting system is the methods and procedures used to collect‚ classify‚ summarize
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NAME Headway New CLASS Word list A–Z Here is a list of most of the new words in Unit 1–12 of New Headway Upper-Intermediate‚ Fourth edition Student’s Book. Upper-Intermediate adj = adjective adv = adverb conj = conjunction coll = colloquial n = noun opp = opposite pl = plural prep = preposition pron = pronoun pp = past participle v = verb US = American English a good talking to /ə ɡʊd ˈtɔːkɪŋ tə/ ambitious adj /æmˈbɪʃəs/ a sharp tongue /ə ˌʃɑːp ˈtʌŋ/ ambulance n /ˈæmbjələns/ abroad adv /əˈbrɔːd/
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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