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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“The distinction between the past‚ present and future is only an illusion‚ however persistent.” –Albert Einstein These days‚ even respected physicists like Stephen Hawking are being forced to admit that time travel may be possible. But has it already happened? These people say it has. Father Pellegrino Ernetti was a Benedictine monk and respected authority on archaic music. He also claimed to have co-invented—as part of a team that included Nobel Prize-winning physicist Enrico Fermi and German rocket
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Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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referred to a just desert. The just desert theory is a practical concept that purports a punishment is needed to preserve the social equity disturbed by crime; however‚ the level of punishment should be fitting with the crime. The Just desert model suggests that retribution justifies punishment because individuals deserve what they received for past deeds‚ but punishment based on deterrence is wrong because it involves an offender’s future actions‚ which cannot be predicted. Under the just desert theory
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Just Jump By: I scrambled after my sister‚ giddy anticipation clutching my stomach. I slid down the rock‚ loosing gravel and creating a trickier path. I stumbled and slipped clumsily and fell on my hands and knees at the bottom. “This way!” My sister called‚ motioning with her hand for me to follow. I pulled myself to my feet‚ nervous excitement chasing away the stinging I felt in my hands and knees. Brushing the biting gravel from my hands and pants I followed like a lost
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Just Walk on By 1. Do the women in this story have the right to act the way they did in front of Staples? Is putting their safety over judging another person justified? 2. Does the way that black people are treated contribute to making more dangerous criminals? 3. Staples acts as if his intimidating demeanor is a handicap. Do you think this was a wise decision? Instead of standing up and expressing his thoughts on how he is treated‚ is it better to keep in mind the delicacy of the social
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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MANAGERIAL ACCOUNTING SOMNATH DAS BASICS OF MANAGERIAL ACCOUNTING Purpose of the course - familiarize you with: 1. Managerial accounting concepts. 2. Managerial accounting practices. 3. Use of managerial accounting information for decision making. 4. Pitfalls. Accounting is a branch of study concerned with the generation ( identification & measurement ) and provision (Communication) of information. Managerial accounting is in particular
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i am just a growing up persom in the eastern district of kandadah i love my parent and i want to be the beast i want to be if you allow mw i will I actually need your assistance and it is important i discuss it with you. Recently‚ our encounter in this region of Kabul is highly exclusive due to insurgents everyday and several deadly car bomb attack disturbing our peaceful mission. By the help of the Afghan government‚ i was able to secure funds for successful conduct on a secret mission within the
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